Crypto Casinos in Ukraine

Implementing legislation to legalise gambling in the country isn’t the only action Ukraine took. It also embraced cryptocurrencies in its market. Cryptocurrencies were first mentioned to be made “legal” in 2020. This process was finalised in 2021. This significantly helped boost the gambling sector as crypto gambling became more popular worldwide.

In 2021, Chainalysis did a global index to see which countries use cryptocurrency the most. This crypto research group found Ukraine was fourth on the global list, showing a whole-hearted embrace of cryptos. Crypto was not just big in the gambling market; companies and individuals could also declare their income in crypto.

Ukraine aims to become one of the biggest crypto markets in the world. The government made it easy to purchase, declare and invest in cryptocurrency. It also eased the way for online crypto casinos, offering another level at which players can use an online casino.

This crypto market has only grown in Ukraine, contrary to the gambling market. With the recent invasion of Russia, cryptocurrencies have become more critical than ever. Ukraine has opened their channels to crypto donations since the start of this war. They’ve currently received upwards of $100 million in USD donations. Many of these donations are coming from established gaming companies. Well-known names include Stake, Microgaming, Betsson Group, and more.

With the Russian-Ukraine war currently ongoing, it’s no surprise that casinos and poker rooms have been shut down. The overall Ukraine gambling market has taken a massive hit with recent events after being one of the fastest-growing markets globally. Many Ukrainian players have exited the igaming scene, as their attention is captured by more important matters.

However, that doesn’t mean the gambling industry is done in Ukraine just yet. While it’s become smaller, online gaming is technically still legal. You’ll also find many online casinos specifically catering to Ukrainian players. However, regulations are in place to start growing the market again as soon as the country’s stability is improved.

One aspect of online casinos that is attractive to players is the bonuses and promotions available. New players can claim a crypto welcome bonus ranging from a matched deposit to a no-deposit bonus or free spins. There are also promotions for existing players, like crypto reload bonuses and VIP programs.

However, remember that all bonus offers have terms you need to fulfil before you can withdraw any winnings. These terms include wagering requirements, minimum deposits, eligible games, etc. As long as you remain aware of the terms, collecting your bonus and spinning the reels using a bonus offer is easy.