Crypto Casinos in Portugal

Cryptocurrencies are available in Portugal, and the country has been considered a cryptocurrency tax haven for some time. There have been a lot of projects from the government encouraging cryptos with incentives that attracted many miners and traders.

A significant part of this is that the country doesn’t have any taxes for cryptocurrencies. However, there have been talks at the government level to impose some kind of taxation on cryptocurrencies in 2022.

Of course, if a person trades cryptocurrencies regularly, this activity is taxed like any other occupation and is taxed correspondingly. In this case, anyone dealing with cryptos as a way of living must submit a tax return and pay the corresponding share.

Most of the top worldwide cryptocurrency dealers allow crypto trading with their platform in Portugal. Some examples are Coinbase, Binance, and eToro. There is also an extensive online community dedicated to expanding the crypto user base in Portugal and developing projects using different cryptos such as Ethereum and Litecoin.

It is estimated that 2.37% of Portugal’s population owned some form of cryptocurrency in 2021, which equates to around 240,000 people. There are even some utility companies that have begun to accept payments in Bitcoin.

Today, gambling is a common form of entertainment in Portugal. Physical casinos enjoy tremendous popularity, but with the increasing use of smartphones, many people also enjoy online casinos.

Crypto casinos are also becoming increasingly popular. In recent years, a number of bitcoin casinos have opened their doors in Portugal, offering gambling services to residents of Portugal. This is very convenient because these casinos generally offer better bonuses than traditional-currency casinos.

There are also sports betting options in Portugal, both offline and online. Horse racing, football, and other popular sports are among Portugal’s favorite betting options.

Among the top bonuses are the no deposit ones. This means the casino issues you with bonus money just by registering. This money is yours to keep, but please note that you will need to wager a number of times before being able to withdraw it.

There are also cashback bonuses, which give you a small amount of money back for your plays. Sometimes this is attached to a VIP scheme that offers better cashbacks the higher you are on the ladder.

Finally, one of the preferred bonuses are the free spins. Sometimes casinos grant you free spins, but the winnings are real money. These also come with wagering requirements so be sure to check the T&Cs.