The new trend in the casino industry is Bitcoin casinos where you can deposit and withdraw using Bitcoin while betting online. Many casinos throughout the world have Bitcoin on their payment list for gamblers. Because the fiat system has a history of lengthy waiting times and long withdrawal times, a lot of players prefer this method of payment for instantaneous transactions. This implies that you don’t have to spend long waiting times going back and forth with your bank accounts or to worry about online transaction safety or about your privacy. New Zealand Bitcoin casinos are very fast and reliable. Gambling has been part of New Zealand for decades. Although the industry has experienced a lot of restrictions over the years in the country, many people are allowed to legally take part in many forms of gambling which are controlled by the Department of Internal Affairs, which includes horse racing, sports gambling, mobile pokies, lotteries, and playing with international online casinos.
In New Zealand, there are no specific regulations with regards to the use of crypto casinos and cryptos. However, the lack of these regulations does not imply that digital currencies in the country are not subject to regulations. There are a few laws in the country that are related to cryptos. New Zealand is gambling-friendly, with the Gambling Act established by the state. As such, players can freely bet on their favorite games using cryptos such as Bitcoin, making it possible for NZ crypto casinos to gradually gain ground in the region.
In New Zealand, online gambling with Bitcoin is completely legal as long as you play on a foreign platform. Gambling is regulated by the 2003 Gambling Act, which allows players to bet on certain games with any currency. If you’re a Kiwi, playing on New Zealand-based online casinos is illegal. New Zealand is considered very friendly to Bitcoin gambling and a lot of players are allowed to bet using bitcoin without any worries.
Take a look at a few NZ Bitcoin casinos we have shortlisted. These brands are the cream of the crop when it comes to casinos for Kiwis. All of their most important features can be seen outlined in the list, but if you want more detailed information, click “Read More” to view the full review.
100%
Yes
No
8/10
Yes
Weekly Jackpot
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%
Yes
Yes
8/10
Yes
Card Collection
100%
No
150
9/10
Yes
Giveaways
110%
Yes
300
9/10
Yes
FortuneJack Coin
100%
Yes
No
9/10
No
60+ Markets in-play
100%
No
200
4/10
Yes
PlayAmo App
100%
No
130
8/10
Yes
Drops & Wins
100%
Yes
100
6/10
Yes
5 Coins
100%
Yes
No
4/10
No
11 Bonuses
100%
No
20+
9/10
Yes
Bonus on every deposit
100%
No
200+
9/10
Yes
4 Back-to-Back 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
200%
Yes
25
6/10
No
Free Software
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
100%
No
190
3/10
Yes
The Big Bet Battle
100%
No
60
2/10
No
Bitcoin Value Weekly Cashback
200%
No
No
1/10
No
FunFair games, FUN token
Yes
Yes
Yes
1300+
No
Yes
No
Yes
No
6/10
Yes
Fantasy Sports
110%
Yes
No
3/10
Yes
Virtual Sports
Yes
Yes
No
6/10
Yes
Fast Deposits
100%
Yes
10
1/10
Yes
Sportsbook
255%
No
112
1/10
No
Daily Deal Bonus
100%
No
250
6/10
Yes
VIP Program
The answer to this question is, yes! Gambling with Bitcoins is legal in New Zealand, and the history of the industry dates back several years in the country and has been growing rapidly. It is a well-known fact that the gambling industry in New Zealand is not too regulated. According to the rules of the Gambling Act, poker, online gambling, and betting are permitted if they are located out of the country. This means that if you are in New Zealand, Gambling is prohibited. Thus New Zealand does not have any local Bitcoin casinos. There are several things that have to come to your awareness when looking at Bitcoin gambling in New Zealand, meanwhile, the country’s gambling sites have regulations that exclude players from paying taxes on their wins.
New Zealand was the first country to approve wages being paid in Bitcoin, making it a super crypto-friendly country. All BTC casinos in the country operate without strict regulations and are constantly audited by the government. And because the digital currency is recognized for payment, taxes apply to it as well. This is a shortcoming that brings us to a certain point because although regulations provide safety in the industry, taxes also do.
The past years have raised major security concerns in the current banking systems throughout the world, which has greatly led to the increase in the use of cryptocurrencies because all in all, blockchain technology has brought about harmony and quality in the financial sector. And because banking with cryptos is done on the basis of people, and not a central authority, there is equality and processes are faster and smoother. Bitcoin is setting the pace for digital banking on a global level and it is always the preferred cryptocurrency and many online casinos accept it for payment. All these are some of the common perks of BTC casinos for NZ players.
| Fiat | Crypto | |
| Transaction Speed | 24-48 Hours | Instant |
| Commission | 1.4% | 0% |
| Withdrawal Time | 3-4 business days | Instant |
| Privacy | Not Protected | Protected |
Since banks, cheques, and credit cards are not being used, and the conventional banking systems are avoided, it implies that transactions are faster. The main thing about cryptos is how fast blocks are created. Blocks in Bitcoin are generated within an average of 10 seconds and this makes the speed of processing a transaction even faster than the regular brick and mortar or online fiat casinos. Using Bitcoins for online gambling means that long wait times are avoided since Bitcoin transactions are usually completed within a few minutes. Unlike with the case of fiat where players have to wait 5-7 business days for a transaction to be approved.
If there is one thing that customers love is anything free. And that’s what they enjoy with casino transactions done in Bitcoin. NZ online Bitcoin casinos do not charge a commission for transactions, and it is completely free. This is contrary to the situations with standard online casinos where there is a 1-4% commission on transactions. All transfers with Bitcoin casinos are mostly peer-to-peer, and there is no middleman for payment to be completed. With multicurrency casinos, the commission for deposits or withdrawal using bank transfers or credit and debit cards, a certain amount is required to be paid as commission and even the providers of the cards will also have fees associated with the transaction as well. And this is totally the case with E-wallets and banks.
With crypto casinos, the withdrawal process is very fast, it is done in an instant and funds are immediately available to use. However, with major cryptocurrencies like Bitcoins, withdrawal transactions at times take a maximum of an hour to be completed. With standard online casinos, it takes about 5 to 7 business days through a wire transfer or with the use of a MasterCard or a Visa for withdrawal transactions to be completed. As time goes by, the crypto platform continues to improve its services to ensure that transactions are completed in even shorter times and to provide customers with the best services. And that is why most NZ online casinos are now incorporating cryptos in their payment options.
Bitcoin works with a high level of transparency that most fiat establishments are not used to dealing with. All the transactions with Bitcoin are permanently stored in its network, which is published and is also traceable. What’s good is, the information of users is privately created in each of their wallets making it almost impossible for someone else to get access to the user’s information. Bitcoin transactions are strictly based on anonymity. Since they are not controlled by a central authority. Users playing on New Zealand Bitcoin online casinos enjoy the benefits of gambling anonymously. This is a big plus because a lot of gamblers like their privacy when gambling.
| Fiat | Crypto | |
| Tax | 0% | 0-20% |
| Exchange | Not Required | Required |
| Risk | Low | High |
| Variety of Casinos | High | Low |
Although Bitcoin casinos in New Zealand Bitcoin and their players don’t pay taxes on their winnings, gains made from the ownership of cryptos are still subject to taxes. Also, with cryptos becoming more widespread, NZ is following other countries in creating taxes targeted at crypto transactions. Since the country considers cryptos as property, they are treated as taxables. The mining of cryptos is also taxed in New Zealand. And the country does not have capital gains taxes although there are some exemptions. However, people in New Zealand currently pay taxes on cryptos.
Volatility is by far the most significant disadvantage of cryptocurrencies. It affects the value of the coin and usually, to be able to use your BTC you are required to exchange it for local currency. This process at times attracts additional fees, and if you want to exchange your BTC to NZD. A lot of gamblers are faced with the challenge of the constant changes in the price of Bitcoins. And to play online casino games in NZ, users can sign up with international platforms available online. It could just simply be uncomfortable at times to often have to exchange Bitcoin to fiat in order to use it since cryptos are not legal tender. But with fiat online casinos, they don’t need to exchange the currency to use them locally because they are legal tender.
Bitcoin gambling is very risky because the prices are unstable. Some people argue that because Bitcoin is a digital currency, it is immune to economic drawbacks, but this is not the case. The prices of Bitcoin fluctuate so much that you can lose a lot within a matter of seconds and Bitcoin owners are very venerable to online fraud. Economic experts find it very difficult to predict the movement of BTC because of how volatile it is, thus it is considered a very risky asset.
Blockchain is still new to the casino industry, making the variety of trusted New Zealand Bitcoin casinos available for players very few. Only a few people have online wallets, unlike with fiat casinos where a lot of people already have bank accounts or cash which they can use to place bets. This extra stress to create a Bitcoin wallet to bet could at times be cumbersome. Also if you are a gambler and do not have a Bitcoin wallet, there is a high chance that you will prefer playing with a fiat casino because it is more convenient to bet with what you currently have, than having to register for a new account for Bitcoin. And what’s more is that with a few varieties for players to choose from, they mostly trust working with fiat casinos.
Yes! You can get a Bitcoin casino New Zealand no deposit bonus from many Bitcoin casinos in the country that offers new players several bonuses including deposit bonuses and welcome bonuses. You’ve probably seen some of these welcome bonuses announced on the home page of any casino you’ve been checking out. Some casinos will offer Bitcoin for new registration or optionally, you will be offered some money or free slots on certain games as a welcome bonus. Most casinos are usually very generous with their welcome bonuses in order to attract more players. With New Zealand Bitcoin casinos, you will find this a lot. There are small requirements that you have to fulfill to get a bonus. But in most cases, to be eligible for a Bitcoin casino welcome bonus, all you need to do is sign up with the bookmaker, register your account and make your first deposit. However, some casinos offer a few free spins in certain cases with just a registration without a deposit. It is always advisable for players to carefully read the terms and conditions, in order to avoid getting caught up in some clause, ensure that the bonus is valid to avoid scams, and also ensure that the bonus fits your expectations.
Most players use these bonuses to try their hand with betting or to check how the casino operates. For inexperienced bettors, it is often good to begin with a bonus offer to get a little experience. There are several bonuses that Bitcoin casinos in New Zealand offer their users, they include:
Crypto gambling websites are quite resourceful when it comes to creating ways to attracts new players. They offer large-scale deposit promotions, compelling tournaments, and free sign up bonuses. These are advantageous to both the casino and the users. The registrations of a new account take only a few seconds and or minutes in some cases. With a New Zealand Bitcoin casino deposit bonus, your account gets a bonus percentage on the amount you deposit. You only get eligible for this when you register your account and make a deposit with the casino you’re betting with. Here are the steps you should follow in order to get you a Bitcoin casino deposit bonus:
As online casinos have progressed, so too has Bitcoin. Bitcoin which was once an exciting and very risky investment has developed to become one of the world’s most accepted digital currencies. This is the reason why a lot of online casinos are now accepting the currency for payment including no deposit bonuses offered by these casinos to their users. New Zealand Bitcoin Casinos allow you to get free cash bonuses or a few free spins without any deposit or even the smallest amount of Bitcoin This implies that just by registering with a safe Bitcoin casino, you will be offered a number of bonuses and free spins which you can use on many of the casino’s virtual games, and which are 100% free.
One thing that all players love about free spins is that it is free! This is more so with Bitcoin casino free spins because it gives you the chance to try out how Bitcoin casinos work, especially the new ones or if you were not sure about playing them. Nevertheless, this is one of the most common ways through which a casino attracts gamblers. All online casinos in New Zealand offer its users free spin bonuses in their welcome deals. Similar to No Deposit bonuses, you need to know the requirements for getting the free spin bonus. It could be by entering a promo code, or through a personal cabinet. These bonuses are being offered more often to maintain user engagement.
Playing with a crypto casino is the new trend with online casinos and whether you are looking into registering with a casino that accepts Bitcoin in New Zealand, it is important to check the license of the jurisdiction you want to play in because although New Zealand is crypto-friendly, and many more casinos are accepting crypto for payment. Online gambling is legal in the country only if players bet with foreign online casinos, so it is advisable for players to choose the best bits casinos online to bet. There are so many advantages to betting with Bitcoins, which includes fast transaction speed, although there are just a few New Zealand online crypto casinos. What is good about New Zealand Bitcoin casinos is that they offer their users the best bonuses to incentivize players.
| Pros | Cons |
| Fast Transactions | Tax |
| Withdrawal Time | Tedious Exchange |
| Privacy | High Risk |
| Play From Anywhere | Low Variety of Platforms |
Gambling overall is a risky game, with players betting against the odds even when they don’t know the outcome. Many people have lost all their livelihood to gambling. While it is all fun and exciting, players should ensure that they are not getting addicted and gambling above their means. Because there is healthy betting and players should continue betting responsibly to avoid any future mishaps.
