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Bitcoin in Argentinian Casinos
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This page is for players in Argentina who want to use Bitcoin at online casinos. Argentina has no national online gambling licence: each province, and the City of Buenos Aires, sets its own rules, and several have regulated online casinos. Bitcoin is not legal tender, but its use is allowed within tax and anti-money-laundering rules. Below we explain how to buy and send BTC and how to use it for deposits and withdrawals. Why use Bitcoin for your online casino transactions?
Cryptocurrency Regulation in Argentina
Many Argentinians have turned to digital currencies because of inflation and the cost and difficulty of cross-border transfers in foreign currency. According to reports, crypto is used as protection against inflation, and it has reached daily life: CNN en Español reported on a Buenos Aires café where customers can pay in more than 10 cryptocurrencies. For background on crypto and casinos, see our crypto guide, and for bonuses see no-deposit codes for Argentina.
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.
Next, we explain how Bitcoin works in practice: how to buy it, where to keep it and how a casino transfer is made.
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.
Bitcoin can be mined, but buying it is far easier. Most people buy coins with Argentine pesos or another currency at a crypto exchange. Choose one that is registered with the CNV, the securities regulator, which keeps a register of virtual asset service providers, and that supports ARS if you want to pay in pesos. Then link a payment method to your account, which can be a bank card, a prepaid card or a digital wallet, depending on the exchange, and pay for your coins.
You can keep coins on the exchange or in your own crypto wallet. A wallet gives you an address, which you share to receive coins, and a private key or recovery phrase, which you must never share: whoever has it can take your coins, and a lost one cannot be recovered. To move coins, paste your wallet address into the exchange's withdrawal form. This Forbes guide to storing crypto and our wallet set-up guide explain the options.
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:
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.
The third option is to buy or hold Bitcoin through a payment service you may already use, covered next.
Top 3 Methods Offering Bitcoin at Online Casinos
Some payment services let you receive, send or hold crypto from their own account instead of an exchange. Three examples are below, for information only. Crypto features differ by country and account type, so check that each is open to you in Argentina, and check the casino's cashier before relying on any of them.
- Jeton – Jeton is a Cyprus-based eWallet (operated by LA Orange CY Limited) 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.
Bitcoin is allowed in Argentina and can be used at online casinos that accept it, but payments are not instant and a site accepting Bitcoin is not necessarily licensed for your province. Check the licence first, keep your recovery phrase private and only stake what you can afford to lose.
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Casinos for Players from Argentina that Offer Bitcoin
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FAQs
Is Bitcoin legal in Argentina?
Bitcoin is not legal tender, but its use is allowed within Argentina's tax and anti-money-laundering rules. Crypto exchanges that serve people in Argentina must register with the CNV.
Is online gambling legal in Argentina?
There is no national licence. Each province, and the City of Buenos Aires, sets its own rules, and several have regulated online casinos. Check that a site is licensed for your province.
How long does a Bitcoin deposit take?
It is not instant. The casino credits your balance after the network confirms the payment, and blocks arrive about every 10 minutes on average.
What if I send Bitcoin to the wrong address?
Bitcoin transfers cannot be reversed. A wrong address or network can lose the money for good, so copy the casino address exactly and send a small test amount first if you can.
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.
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.
Other ways to pay in Argentina
We also review these payment methods for players in Argentina: Mercado Pago, Paysafecard and Payz.