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Norwegian Krone

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History of Norwegian Krone

The Norwegian krone has been around since 1875, introduced as a replacement for the Norwegian speciedaler, the country’s former currency. With the krone entering the scene, Norway became a part of the Scandinavian Monetary Union established two years prior in 1873. When it eventually dissolved in 1914, Denmark, Sweden, and Norway kept the names for their currencies, even though they were separate.

The Norwegian krone comes in nine different denominations. Five of them are the 50, 100, 200, 500, and 1000 krone banknotes, while the other four include the 1, 5, 10, and 20 krone coins. While the Norwegian krone isn’t the best-known currency globally, it does surprisingly well on the global foreign exchange. It is the fourteenth most traded currency worldwide by value, surpassing the Mexican peso and Indian rupee.

Casino Deposit Methods that Accept Norwegian Krone

gambling_restrictions_for_norwegian_krone

It might surprise some people that the Norwegian krone is a supported currency with many popular payment options. Of course, online casino payments might not have been the first thing these services had in mind when it was added. The good news is, it should be pretty easy for Norwegian players to access a variety of online casinos and give them a try. If you’re looking to skirt around the country’s current gambling regulations and play at a foreign operator, here are the best methods you can go for:

VISA: Since VISA is the most popular bank card globally, it's available pretty much everywhere you can imagine. Naturally, online casinos fit the bill! Norwegian players can use this method to make online casino payments without worrying about the security of their transactions. While VISA’s reach makes it a viable option is a multitude of operators, there aren’t too many pros to using it. Compared to some of the more modern payment options out there, it offers fewer positives.

MasterCard: MasterCard is another popular bank card that’s been around for ages. The service is very well-established worldwide and reaches more online casinos than one can count! Like VISA, it’s a safe and reliable way for casino fans to deposit and withdraw from different venues. Unfortunately, it suffers from some of the same cons too. The service doesn’t offer much else compared to modern banking options like eWallets.

Skrill: Formerly known as Moneybookers, the Skrill payment service has been around for over a decade. In its time on the market, this eWallet has become one of the most widespread banking options out there, nearly matching the popularity of bank cards like VISA and MasterCard. Unlike these two previously mentioned options, Skrill has the advantages of being an eWallet. These include lower fees and much speedier processing times!

CashtoCode is a beloved banking option among Norwegian users. While it’s not as available as some of the other options on this list, it does have the advantage of granting users anonymity when gambling online! The service is pretty simple. To use it, players can purchase a code at a point of contact and deposit with these digits. Since online gambling in foreign venues is illegal in Norway, this is a great way to maximize safety.

MuchBetter is an eWallet that many Europeans are familiar with. The service is a big hit with the younger generation, offering users a comprehensible online payment system that works through browsers and mobile apps. While MuchBetter can boast about having most of the same pros that all eWallets have in common, it also has something extra! At the moment, the service is said to have the lowest fees available!

Gambling Restrictions for Norwegian Krone

The state of gambling in Norway is not something most Norwegians are happy with. There’s a single government-backed monopoly on all forms of it, including poker, sports betting, lottery, scratch card games, and more. Gamblers that want to play on a government-regulated site can head the Norsk Riskoto and enjoy the varieties they find there. While the site might not have the best offers you’ll find out there, it does take players seriously. You can be sure that the complaints and grievances you have will be taken under consideration.

Something to keep in mind about online gambling regulations in Norway is that they aren't as harsh as they appear. Playing on foreign and unregulated sites might be illegal, but it’s not as enforced as you might believe. There’s no record of players being persecuted for it to date. As long as you use payment methods that aren’t subject to the 2010 Payment Act of Norway, you should be ok. Naturally, you should still make sure to only play on websites that have a track record of being reliable and trustworthy.

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Written by ShellyS

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Shelly has been writing for LCB since March 2018, with a strong focus on banking reviews. Her work helps players understand payment methods, fees, limits, and transaction processes across various casinos. She also covers gambling regulations, offering insights into licensing and player safety. Her goal is to deliver trustworthy, well-researched content that supports smart, secure gambling decisions for players and LCB members.

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