Bitcoin Casinos in Spain

Spain is a wealthy European country with a stable economy. Additionally, it is very technologically advanced. These two factors have facilitated the development of a healthy cryptocurrency market. Spanish crypto users utilize a wide variety of coins, such as Bitcoin, Ethereum, Litecoin, Tether, Ripple, Dogecoin, and so on. Newer cryptocurrencies also have their place among the rest.

Despite all that, Spain has no official legislation to govern the use of crypto. The reason is largely that the government has been extremely cautious because of financial and securities frauds during the recession. That is why the state is very conservative towards new tools, such as cryptocurrency. Its ultimate goal is to protect consumers and investors. Therefore, it may take a while before we witness a more relaxed approach to digital currency.

Nonetheless, crypto is growing in popularity among the Spanish people, along with NFTs and other similar inventions. Investing, trading, and mining crypto can be done in Spain at your discretion and without unnecessary interference on behalf of the state.

One of the areas where cryptocurrencies have become particularly widely used in Spain is online gambling. This is not surprising, as the trend has been similar across many developed countries around the world. Cryptocurrencies provide key advantages to players, such as strong security, low to non-existent transaction fees, fast payments, privacy, and more.

Nowadays, Spain enjoys a strong and sustainable gambling industry. The state is very concerned with the safety of both businesses and players. Only playing at licensed gambling operators is legal, and control is very strict. Internet providers block unlicensed gambling websites.

In addition, both the government and the sector take advanced measures to promote responsible gambling. Spanish players have at their disposal numerous services and tools to combat the potentially addictive side of gambling. Another recent step Spain took to promote healthy competition and gambling habits was to ban welcome bonuses in 2022. At present, only regular subscribers are allowed to have additional incentives.

As already mentioned, Spanish players enjoy online slots the most. That is why they typically look for and prefer bonuses that will give them additional cash and free spins.

An important change in the Spanish gambling sector that the government introduced in 2022 was that it banished welcome bonuses. Currently, only players who have been registered for over a month and have made at least three deposits are eligible for bonus offers. Online gambling sites have compensated for this regulation by offering more generous promotions for existing subscribers. Loyalty programs have also substantially evolved thanks to this measure.