Bitcoin payments at online casinos

[OCF]

With the growing popularity of bitcoin as a payment option at online casinos, is it safe to say that all online casinos now accept bitcoin? If not, roughly what proportion of online casinos accept bitcoin.

[Gutterbrainbeats]

I would say not many in regulated markets.

[PROFRBcom]

I would say not many in regulated markets.

/thread

[Cash Bonus]

In the general sense, most online casinos accept Bitcoin as a payment method. I doubt that all online casinos will ever have this attribute implemented though.

[Susan Wallace]

I noticed that about 50\50 websites accept Bitcoin. And it's rare in regulated casinos. But looking at how Bitcoin grows, I believe that more and more casinos will accept it as payment method.

[Pokerface]

Bitcoin casinos have performed very well for us. The growth of brands starting to accept Bitcoin is also helping. Would be great if more affiliate programs could pay in BTC as this would alleviate some of the many banking problems with some countries.

[shimichan]

I think that crypto currencies such as Bitcoin have not yet penetrated.
At least in my country.

[bon]

I think you need to find the research. When I researched this issue, that number was around 10%. You need to consider that the share is constantly expanding and new casinos support cryptocurrency payment from the beginning.

[Madz]

Bitcoin casinos have performed very well for us. The growth of brands starting to accept Bitcoin is also helping. Would be great if more affiliate programs could pay in BTC as this would alleviate some of the many banking problems with some countries.

I have always wondered about this. If you are being paid in BTC how do you then transfer that to a business bank account for tax purposes? Obviously the price of BTC is up and down so how would this work with taxes from a business perspective?

Working with UK brands they pay via bank normally so the money can go straight to your business account. I see more and more people working with crypto and wondered how it would work when trying to show this to the tax man.

[Madz]

I think that crypto currencies such as Bitcoin have not yet penetrated.
At least in my country.

Its not big in the UK either, not with UKGC licensed brands that is.

[wonderpunter]

I have always wondered about this. If you are being paid in BTC how do you then transfer that to a business bank account for tax purposes? Obviously the price of BTC is up and down so how would this work with taxes from a business perspective?

Working with UK brands they pay via bank normally so the money can go straight to your business account. I see more and more people working with crypto and wondered how it would work when trying to show this to the tax man.

many take payments via usdt or convert upon arrival, but sure you can either win or lose in it which is the only downside or perhaps even upside

[tufty]

I have always wondered about this. If you are being paid in BTC how do you then transfer that to a business bank account for tax purposes? Obviously the price of BTC is up and down so how would this work with taxes from a business perspective?

Working with UK brands they pay via bank normally so the money can go straight to your business account. I see more and more people working with crypto and wondered how it would work when trying to show this to the tax man.

If you are paid in crypto just exchange it for your local currency at an exchange and get those funds into your business account. That is the amount you were paid for "tax purposes".

[Sacha MD]

With more people using bitcoin to pay at online casinos, you might think that all of them accept it now. But that's not the case.

Not every online casino takes bitcoin. Roughly, I’d say about 30-40% of online casinos currently accept bitcoin as a payment option. It’s definitely growing, but it’s not everywhere yet.