The state is responsible for the laws and policies regarding gambling and Bitcoin casinos in Australia in general. With the advent of technology and communication, the masses are gradually getting attracted to the industry. The development of gambling in the country has led the Federal Government to pass laws regarding online gambling in Australia, and it announced that online gambling is illegal in the country, yet Australians are free to bet on foreign online casinos. This was all provided for in the Interactive Gambling Act which was established to reduce the effects of online gambling in the country.
The great thing about this is that Bitcoin gambling is legal in Australia because crypto exchanges are legal in the country. Crypto transactions in Australia are subject to capital gains and income taxes. Crypto taxes in Australia are controlled by the Australian Tax Office. Australian crypto casinos are gradually becoming a thing and players can freely bet online with bitcoins, however, the law passed by the federal government restricts the activities of Australian online casinos, only allowing local bettors to gamble online with foreign online Bitcoin casinos that accept Australian players.
The Federal Government in Australia prevents Australians from playing on local online casinos. However, Australians are allowed to gamble on foreign online platforms. Yet due to Bitcoin’s inherent cryptic nature, Australian Bitcoin casinos are still accessible to locals.
Before heading down to the main article, take a look at the top crypto casino in Australia we have handpicked that satisfy all of Australia’s casino regulations. These brands have gone through all the legal channels and are safe to register on. Simply click the “Start Playing” button to visit the website.
100%
Yes
No
8/10
Yes
Weekly Jackpot
100% Up To $100
No
50
2000+
Yes
Giveaways
120%
Yes
No
6/10
No
eSports
180%
Yes
1 Lucky Free Spin
3000+
Yes
Task Hub
100%
Yes
25
2000+
Yes
Free Crypto Faucet
110%
No
300
9/10
Yes
mBit races
100%
No
150
9/10
Yes
Giveaways
100%
Yes
No
9/10
No
60+ Markets in-play
100%
No
130
8/10
Yes
Drops & Wins
100%
No
200+
9/10
Yes
4 Back-to-Back Bonuses
100%
Yes
No
4/10
No
11 Bonuses
150%
No
50
9/10
No
TrueFlip Token, TrueLab Games
100%
No
100
8/10
Yes
Welcome Race
100%
No
200
7/10
Yes
Multilingual Platform
100%
Yes
No
7/10
Yes
Sit & Crush Bonus
No
No
No Free Spins
10
Yes
Faucet Bonus and Rainbot Feature
100%
Yes
75
2/10
No
3 Welcome Bonuses
100%
Yes
No
6/10
Yes
Gift Card Giveaways
100%
Yes
No
6/10
No
Multilingual Support
Yes
Yes
Yes
1300+
No
Yes
110%
Yes
No
3/10
Yes
Virtual Sports
Australia is generally considered as a country that is crypto-friendly and the recent developments of the fintech landscape in the country have only taken it further as a major force in the sector. In recent years, the Australian government has taken several regulatory approaches to digital currencies. And declared them legal, especially Bitcoin, although they are supposed to be treated as property, which is subject to tax gain capital. Although the government has made established rules that take cryptos into consideration, the main focus has been on the transactions and activities that digital currencies are involved in, instead of the cryptos themselves. One of the major regulators of financial services in Australia is ASIC, also known as the Australian Securities and Investment Commission emphasized the view that regulatory requirements and legislative obligations are neutral to technology and apply irrespective of the technology mode. At this point, cryptos such as Bitcoin aren’t considered as financial products. And even the ASIC considers that the digital asset does not need such standards as well. Australian casinos accepting Bitcoin are flourishing especially given that Aussie residents are allowed to sign up with online platforms.
Several years ago, cryptos and especially Bitcoins were just vague terms for many individuals. But today, it has slowly gained popularity and has become more common as a method of payment than ever. There are many online Aussie casinos that accept Bitcoin and crypto casino activities in the country are growing steadily and players are able to play and make deposits using Bitcoin. Yet, a lot of them are still confused between the benefits and shortcomings of digital currency. If you fall within this group, you will surely want to know more about the disadvantages and advantages of Bitcoin casinos in Australia.
| Fiat | Crypto | |
| Transaction Speed | 24-48 Hours | Instant |
| Commission | 1.4% | 0% |
| Withdrawal Time | 3-4 business days | Instant |
| Privacy | Not Protected | Protected |
Bitcoin casinos are legal in most countries around the world and as such, many financial institutions such as banks lose a majority of their clientele to alternative methods of payment such as Bitcoin, and among the many benefits that the best Bitcoin casino in Australia offer, is fast transaction speed. One main factor that is boosting the growing interest in Australian online Bitcoin Casinos is the transaction speed. Unlike with fiat casinos that take about 24 to 48 hours for a transaction to be completed, the transaction processing time for Australian Bitcoin casinos is instant, with an average of 15.8 minutes transaction speed and processing time.
Zero commission is the benefit that Bitcoin Casino players enjoy when betting with Bitcoins. Each casino has rules that they follow with regards to commissions, but it is common for casinos to not have any commission for their processes and this is the case with Aussie Bitcoin casinos. They don’t charge any commission for their transactions. Which is quite the opposite when it comes to fiat online casinos or even regular brick and mortar casinos where there is a 1 to 4% commission for every transaction. But with cryptos, on the other hand, processes are decentralized and there is no intermediary, making it possible for transactions to be done without any commission.
Another advantage that players have to be aware of, is that withdrawal and deposits with Bitcoin casinos for Australian players are instant. As a matter of fact, the majority of conventional payment methods for deposits are always instant, but withdrawals take about 5 to 7 working days. With Bitcoin casinos, however, all transactions are processed immediately and heavy cryptos like Bitcoins can at times take up to an hour for a transaction to be completed.
If there is one thing that is common about all gamblers, it is discretion. A majority of gamblers around the world like conducting their betting activities discretely. And this is what AU Bitcoin casinos worthwhile. The decentralized nature of blockchain makes it impossible for a player’s account to be attached to his identity. This is because blockchain technology operates on anonymity. There is user confidentiality when it comes to crypto transactions. This is always not the case with fiat online casinos because people’s accounts are directly linked to their identity, and because fiat institutions are financially backed by central organizations, the aspect of privacy is totally wiped out. With the transactions of Bitcoin casinos being faster and secure, many new players prefer registering with online casinos that receive payments in Bitcoin.
| Fiat | Crypto | |
| Tax | 0% | 0-20% |
| Exchange | Not Required | Required |
| Risk | Low | High |
| Variety of Casinos | High | Low |
There is no country in the world that has accepted Bitcoin as legal tender. The fact that Bitcoin casino players have to pay taxes on their casino wins is a big disadvantage because fiat casinos don’t require players to pay any taxes on their casino wins. For online Bitcoin casino in Australia, the taxes paid by players are often about 0 to 20% taxes on the incomes that they receive from betting. In addition to this, the identity of clients is revealed when taxes are being paid, which is a setback for most gamblers. There is, however, zero tax when it comes to fiat online casinos.
Bitcoin casino players are required to exchange their Bitcoin for a local currency every time they need to use it. This makes the whole process very tedious. And what is more challenging about exchanging this is that Bitcoin prices fluctuate a lot and can potentially affect the performance of a currency pair in your game. However, with fiat casinos, no exchange is required because they are considered legal tender.
One thing that is very common with bitcoin is high risk. The prices fluctuate a lot leaving 
Australian Bitcoin casino players with very unfavorable outcomes at any given moment. Just as much as the value of Bitcoin could increase within seconds, so too can the value all drop within a very short period of time, making it in such a way that players could even lose money while they are winning their games because the value might have dropped during this time. And even with exchanges, players most of the time end up losing some money to price drops. And this is not the case with conventional online casinos, this is because fiats do not have such drastic price changes, as such the risk is low.
The fact that Bitcoin casino is still a new concept in the gambling industry, it has made the variety of Bitcoin casino for Aussies is very low, because many players either don’t have Bitcoin wallets, or they are just trying to avoid the massive risks that are associated with Bitcoin dealings. This, however, has not stopped crypto casinos from getting established. But the difference is that with fiat online casinos, there are so many and it is very convenient and less of a risk as you can see from our Australian Bitcoin casino link in the casino review section. One major shortcoming of this is that with a limited variety of casinos to choose from, players could get stuck with poor casino services.
Yes, you can get crypto bonuses with crypto casinos in Australia. Just like other crypto casinos around the world, Australian Bitcoin gambling websites offer a wide variety of bonuses. The most common bonus that every crypto player will encounter is the casino welcome bonus, which is offered to any new client to the casino. The main requirement to fulfill in order to get a casino welcome bonus is by registering with a casino and depending on the specific terms and conditions of the bonus, the player might be required to make a minimum deposit before getting the bonus. Here are a few common bonuses that you will get with an Australian Bitcoin casino.
A deposit bonus is a bonus that casinos offer their users when they register their accounts and make their first Bitcoin deposit. With this bonus, clients must make an initial deposit to be eligible. Although casinos use this bonus to incentivize their customers, the clients might decide to opt-in for this bonus type in order to understand how the casino works, and also to try their hand with a few games. To be eligible for this bonus, bettors have to register an account with a cryptocurrency AU casino and make an initial deposit.
As the name implies, a no deposit bonus is offered to players even without them making an initial deposit. At times, casinos offer free spins on the website for users who are just testing waters but don’t want to risk any amount. But to be able to get this bonus, Aussie Bitcoin casinos expect players to at least register their account with the casino. This, just like the previous bonus, helps the players get to know more about an online casino and how their services operate. To be eligible for a No deposit bitcoin casino bonus, follow the following steps:
It is very common for some of the best Bitcoin casinos in Australia to provide their users with promotions such as free spins. With free spins, a casino offers players the opportunity to spin slots in order to win tokens or free spins that they can use. All casinos offer free spins to their users and this is more so when casinos try to incentivize their loyal customers.
In a nutshell, the popularity of blockchain technology has led to the establishment of more Bitcoin casinos in Australia. And gambling is legal in the country, however, Australian players are only allowed to play on foreign online Bitcoin casinos. This is because the federal government passed a law to reduce the risk faced by the Australian gamblers and the industry at large. Despite that, Bitcoin gambling is legal in the country. And also, there are certain advantages as well as disadvantages attached to the use of Bitcoin as payment for casino games. This however has not stopped Bitcoin casinos in Australia from offering promotions to their customers.
| Pros | Cons |
| Fast Transactions | Tax |
| Withdrawal Time | Tedious Exchange |
| Privacy | High Risk |
| Play From Anywhere | Low Variety of Platforms |
One thing that gamblers have to look out for is getting addicted to the activity or living above their means just to catch up with games. This never ends up well, because many individuals end up losing everything just by gambling irresponsibly. It is always advisable to bet responsibly.
