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Bitcoin in Argentinian Casinos
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Given the fact that online gambling is getting increasingly popular in Argentina, with many states regulating it, and cryptocurrency has been embraced by the country, you get to use Bitcoin across many online casinos as an Argentinian player. Cryptocurrencies are going big in the country, and with such access to online casinos, you could experience the smoothest deposits and withdrawals ever. If it is something you are considering doing, playing at an online casino using the world's first-ever digital currency, you've come to the right page. Here, you'll learn all about the legality of crypto and online gambling in Argentina and how to start using your BTC for your deposits and withdrawals. Why use Bitcoin for your online casino transactions?
Cryptocurrency Regulation in Argentina
Argentina is a country known for many beautiful things, but also for its financial crisis and the endless inflation its citizens are facing. That’s one of the main reasons why the country was not hesitant to embrace digital currencies the first chance it got. According to reports, Argentinians are incorporating crypto into their daily lives, mainly as a means to an end when it comes to inflation and as a way to avoid getting in trouble for making cross-border money transfers in foreign currency. In fact, cryptocurrency has not been embraced but has already been adopted in the country. Buenos Aires saw the opening of the first-of-its-kind café shop in Argentina, where customers can pay for their coffee in more than 10 cryptocurrencies!
That being said, though, you should not make the mistake of thinking that crypto is a legal currency in the country. The Argentine Civil and Commercial Code says that legal currency is a mandatory means of canceling debts or obligations and is issued by the monetary government authority. The Central Bank of Argentina is the only such authority, authorized to issue legal currency, and it has not given the green light when digital currencies are concerned. Nevertheless, even though not a legal tender, cryptocurrency use is still duly regulated in the areas of taxation and anti-money laundering, so you are still free to use it if abiding by the set rules.
As far as online gambling goes, it is not regulated on a federal, but it certainly is on a state level. More and more Argentinian states have introduced their respective frameworks to regulate online gambling, Buenos Aries, San Luis, Santa Fe, Cordoba and Rio Negro being among them. What's more, the industry is going strong, and combined with digital currencies, it is expected to grow even stronger. So, your Bitcoin banking opportunities across online casinos that cater to Argentinian players are huge. First, you should know that plenty of online gambling companies have partnered up to expand in Argentina, and that's why you not only have a lot of casino choices to consider but also a wide variety of games to try out, delivered by leading software developers.
That’s why the only thing left for you to learn is more info on Bitcoin and how to get started with it so that you can easily start using it across the many Argentinian casinos at your disposal. Just follow our lead, as in the next section, we'll focus on that.
Using Bitcoin Across Online Casinos
We’ve established that you’ll be doing nothing wrong if you decide to try Bitcoin as your payment method across the many online casinos that offer it and accept Argentinian players. So, knowing this, you must be happy to have come to our page, as here, you’ll learn all the details on how to get started with the crypto and use it across online casinos.
Regardless of whether you’re an expert or a newbie when it comes to cryptocurrency banking, you must have heard that BTCs can be obtained by mining. And while this is still true, you should know that there are several other far easier and far less time-consuming ways to get started with it. The easiest of all is to purchase your coins using Argentinian peso, or any other fiat currency. That’s why the first thing to do is to search for crypto exchanges online, that are active in Argentina. OKX and ByBit are two options, but there are many others. Register an account with the one that seems the most suitable for you, and if lucky enough, supports ARS, and link a payment method to it. That can be any bank-issued card, prepaid card, or digital wallet, depending on the exchange you joined. Fill up your account with money and use your native currency to pay for your coins.
When it comes to how to store it, you should know that there are several options here. One, you could stick with your exchange, as many are offering their eWallet-like services nowadays. Two, you can create your own crypto wallet account. Explore a few options, decide on the wallet to go with, and register an account with it. As soon as you get your key/address, you can use it to transfer the coins from the exchange platform to your wallet, by pasting the key/address in the designated field. And as soon as the coins land on your crypto wallet, you can start using them.
But there’s a third way, as mentioned. As you will discover in the following section, there’s an option to use Bitcoin via a payment method you’re already using. We’ll circle around this more in the next section, as it requires a bit of a longer explanation, but for now, we should guide you through the steps you need to take to start using Bitcoin across online casinos. After you find a casino you’d want to join, create a player account with it. To fund your registered player account with Bitcoin, do the following:
- Log into your player account and locate the Cashier page.
- Explore the Deposits section and find Bitcoin’s logo.
- Press it and a pop-up will appear, with the casino’s wallet address pre-entered; copy it.
- Access your crypto wallet app, set the amount you want to transfer, and paste the operator's wallet address.
- Confirm and watch the BTCs arriving in your balance immediately.
Bitcoin is, of course, also an option for withdrawals. In fact, Argentinians love using it for cashouts, mainly thanks to the instant processing times which are rare, if not impossible, with other payment methods.
The process is the other way around, with you needing to paste your wallet address this time, in the designated field after you select BTC as your withdrawal method. Set the amount you want to cash out and confirm your request. The casino will take its time to review it, but as soon as the request is approved, the coins are instantly available to your crypto wallet.
Now, it's time to check out the third option we mentioned, and see what depositing and withdrawing with Bitcoin will be like with this option. Trust us, it's worth your precious time.
Top 3 Methods Offering Bitcoin at Online Casinos
When crypto took off and some governments even started considering making it a legal tender, many alternative payment method providers decided to be among the first to implement it in their operations. Great eWallets even decided to partner up with exchange platforms to allow automatic and instant conversion of fiat to digital currencies, allowing their users to get a shortcut to their favorite coins. Others simply provided pathways for you to receive and send crypto via your eWallet address. With no further ado, let’s check out the three most popular payment methods that offer Bitcoin, one way or another, without you having to go through exhausting processes to be able to use it:
- Jeton – Jeton is a UK-based eWallet with a global reach. It is offered all over the world, including Argentina. In fact, it has adapted its website for Argentinian users and offers a version of it for them to explore and find out all the local options they can use for seamless banking. Among them, is the opportunity to fund it using a list of global payment methods, but Bitcoin, too. So, while it doesn’t offer the option to convert, you can still have BTC sent to your eWallet address, so this solution would be perfect for withdrawals, for instance.
- MuchBetter – MuchBetter is another global eWallet you could consider using, one that provides you with a safe pathway to receive, send, and store BTCs. It is offered across many Argentinian casinos and is incredibly secure and easy to use, so make sure you put it on your to-try list.
- PayPal – Known as one of the world’s most used and popular eWallets, PayPal introduced a functionality a few years ago, one that allows users to convert their fiat currency into one of many digital currencies, on the spot. As long as you have a PayPal account, you can start using it to make seamless crypto deposits and withdrawals across hundreds of sites that target Argentinian players.
Conclusion
There is no doubt that Bitcoin gambling is one of the most convenient options to go with whenever you wish to join an Argentinian casino. You have many ways to get started with it and use it across the many Argentinian casinos that offer cryptocurrencies, so make sure you give it a go.
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FAQs
Is it allowed to use digital currencies in Argentina?
It is allowed, and the country is crypto-friendly, however, that doesn't mean that cryptocurrency is a legal tender. Sure, regulations have been put in place regarding taxation and anti-money laundering, but cryptocurrencies are not legal currencies in the country; as of yet, at least, maybe this might change in the future.
Is online gambling legal in Argentina?
Yes and no. On a federal level, it is not, but it is, indeed, legal on a state level, considering many Argentinian states have regulated online gambling, among which we can mention Buenos Aires and Santa Fe.
How many Argentinian casinos offer Bitcoin?
There are over 80 legit online casinos here at WoO that both cater to Argentinian players and offer Bitcoin. Among them, we can mention mBit, BitStarz, Casinobit.io, and Cloudbet. Feel free to explore other sites and check whether you’ll find more that allow you to use crypto, though.
Can I cancel a deposit I made with Bitcoin at an Argentinian online casino?
No, you actually cannot. Cryptocurrency transactions are processed in real-time and are irreversible, so once sent, they get to the exact address that's been provided, and cannot be retrieved.
Do any fees apply when using BTC across Argentinian online casinos?
No, absolutely no fees apply when using cryptocurrencies across online casinos. That’s one of the many reasons why Argentinians love using BTC for their online casino deposits and withdrawals; that, and the fact transactions are not only fee-free but also instant.