Online Casinos in Saudi Arabia Offering Bitcoin
When it comes to countries from the Middle East, most do not offer online gambling, due to Islamic laws, and neither does Saudi Arabia, but Bitcoin is another issue. While the country has been vocal about the illegality of Bitcoin trading, it looks like it is slowly warming up to cryptocurrencies. That's why, as a Saudi Arabian player, you should have all the info when it comes to Bitcoin online gambling, to be ready whenever you decide to engage in it. And while it might seem impossible at the moment, you do have some options to do it today, and if you stay with us, we'll guide you through the steps to do it. Why use Bitcoin across online casinos that cater to players from Saudi Arabia.?
The Legality of Cryptocurrency in Saudi Arabia
The legal status of cryptocurrency in the Middle Eastern country of Saudi Arabia remains undefined at the moment of writing. While in the past, the country was vocal that Bitcoin trading was illegal in the Kingdom, things have started changing in recent years. The country, inspired by the United Arab Emirates, has been engaged in a joint project to create a custom cryptocurrency, in collaboration with UAE’s central bank. So far, the SAMA (Saudi Arabian Monetary Authority) has been constantly warning citizens and residents against illegal Bitcoin trading, but when news appeared that SAMA was involved in the project for the creation of the custom cryptocurrency, Saudi Arabian residents saw a bit of hope.
For the time being, the use of cryptocurrencies for normal transactions is not acknowledged in the country, no taxes are imposed on incomes derived from crypto, nada. Whether that would change in the future, remains to be seen. But what does this mean for you as a Saudi Arabian interested in using Bitcoin across online casinos? Well, it means that cryptocurrencies are your best option, actually.
Since online gambling is illegal in Saudi Arabia, and by the looks of it, will remain illegal, you cannot engage in online gambling using standard banking methods. The thing is, as an Islamic country, gambling is considered "haram”, alongside similar activities that are considered sinful. And since there’s no land-based gambling industry in place, there’s no foundation for the online gambling industry to be built upon. Therefore, you won’t be able to find online casinos licensed in your country, and access to illegal offshore sites is banned. And even though eSports is pretty popular in the country, with a new tournament announced to be a game-game changer in Saudi Arabia, players are not allowed to bet on it.
Where does that put you? In a pretty difficult position, actually. If you wish to engage in online gambling, you would need to look for alternative ways. VPNs are usually used by Saudi Arabian players interested in joining an online casino, but that doesn't cut it sometimes either. Not many online casino operators accept Saudi Arabian players, due to the ban on all forms of gambling. Yet, there are still so many players who find sites to join and dive into the different forms of online gambling they can access there.
So, as long as you find a site to join for yourself, you can rest assured that using Bitcoin for online gambling transactions would be the wisest thing to do. Since you’ll risk a lot if you use a bank-related solution for your transactions, and Bitcoin is decentralized, your deposits and withdrawals with it will be off the map. Therefore, make sure you stay with us to learn more about it, in case you wish to give it a try later.
How to Use Bitcoin at an Online Casino?
You should know right away that there are several ways to get started with Bitcoin. We’ll share with you the standard way in this section, and the alternative ways in the next section. So, the first thing to do here is find a crypto exchange platform that is allowed in Saudi Arabia. Several of them are, such as Binance and Rain. Decide on the one to use, and create an account with it. Next, choose one of the offered payment methods to use for the purchase. You will see that these exchanges offer popular global methods, so you’ll surely have at least one to use right away, to complete the purchase of your BTCs in SAR (Saudi Arabia Riyal). Set the amount of Bitcoins you wish to purchase and pay for the purchase.
From here, you will need to transfer your coins to a crypto wallet. Again, you'll need to choose from the variety of crypto wallets available in Saudi Arabia; keep in mind that Binance itself offers a crypto wallet. If you go with a different wallet, you'd need to create an account with it and get your key/address. Copy the key/address, and paste it on the indicated field on the crypto exchange, so that you transfer your coins to the crypto wallet. Once they arrive, you can start using them across online casinos. As easy as that.
Speaking of online casinos, your next step should be finding a proper casino to join. As said, you need to look for offshore sites that accept Saudi Arabian players, and also accept Bitcoin. You’ll have plenty of options, so search carefully to find the casino that offers the games you wish to play. Register your player account with it, and to fund it with Bitcoin, do this:
- Access your player account and go to the Banking page.
- Look for Bitcoin on the Deposit Methods list and select it.
- Copy the casino’s key/address that appears in the pop-up.
- Head over to your crypto wallet, paste the address, and set the amount you wish to deposit.
- Authenticate the transaction and watch the coins arriving in your balance instantly.
Cryptocurrencies are usually the preferred payment method for withdrawals across Saudi Arabian online casinos, especially since there’s a huge lack of options for cashouts.
The best part is, they are requested in a similar way. You need to go to the Banking page again and select Bitcoin from the list of accepted Withdrawal Methods. In the indicated field, paste your crypto wallet address and specify how much you want to cash out. The casino operator will make sure your request is legit and hopefully approve it, and with that, the coins will immediately reach your crypto wallet. Bear in mind that the casino might take a while to approve the request, in up to 48 hours. But since transactions with Bitcoin are instant, once approved, the coins will immediately arrive in your crypto wallet.
The Best 3 Payment Methods that Offer Bitcoin Across Saudi Arabian Online Casinos
We took you through the standard procedure for getting started with Bitcoin, and as promised, now we’ll share with you some alternative ways to do it. Considering the number of alternative payment methods that are offered today, you should not be surprised that many eWallets have started offering users the opportunity to convert fiat currencies into digital currencies via their accounts. This is usually done in partnerships with crypto exchanges, but you should not be bothered with the details. What you do need to know is that, via these eWallets, you can convert your SARs into BTCs in an instant, on the spot. The following are some of the top eWallets that give you that option, so feel free to check them out:
- PayPal – PayPal is, without a doubt, one of the most widely known eWallets in the world. Launched in the US, the eWallet has managed to become a brand that everyone knows, thanks to the quality of its services. As of a few years ago, to further prove its leading position, the eWallet started giving users the chance to use multiple cryptos, including Bitcoin, across a wide range of eCommerce sites, including online casinos. Therefore, in case you already have an account with it, you just have to access it to use your BTCs for deposits and withdrawals across an impressive number of sites.
- MiFinity – MiFinity is a UK-based eWallet with global availability, which has been around for over 15 years in the financial industry. It is a completely safe eWallet to use, one that has introduced functionality to allow the smooth conversion from fiat to digital currencies. It is incredibly easy to get started with and use and offered across a huge number of online casinos, therefore, if you wish to use BTC for your deposits and withdrawals, you'll have plenty of sites to choose from, to do it via its digital wallet account.
- Neteller – Neteller, alongside its sister product Skrill, is one of the most popular eWallets across online casinos. Their popularity certainly grew bigger when the two announced that they introduced a functionality that allows users to convert fiat to crypto on the spot, via their eWallet accounts. So, if you already have an account with it, you can start using it right away to convert your SARs into BTCs and use them across a huge number of online casinos that cater to Saudi Arabian players.
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FAQ's
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