Crypto Casinos in Vietnam

Yes, cryptocurrencies are available. In fact, Vietnam ranks as one of the countries with the highest rates of cryptocurrency adoption in the world. One of the reasons for this is that there are no crypto taxes in Vietnam.

Since the government doesn’t recognize cryptocurrencies as legal tender, banks and other financial institutions aren’t allowed to work with them. However, there’s no prohibition for citizens from holding cryptocurrencies.

Another reason for the explosion of cryptocurrency owners in Vietnam is that many people don’t have a bank account. In fact, according to some reports, Vietnam is the second most unbanked nation in the world, with more than 69% of the people not accessing any banking services.

There are many Vietnamese who live abroad and therefore help out their families back in Vietnam financially. For them, sending money back to their country involves high fees. This is not the case with cryptocurrencies, which is yet another reason why cryptos are so prevalent in Vietnam.

Finally, Vietnam ranks high among nations with play-to-earn players. This means playing certain video games to earn money, especially in the form of cryptocurrencies. They are the 6th country in the world with P2E gamers.

With all that being said, it is still rather difficult for locals to gamble in Vietnam, at least in physical casinos. However, many indulge in online casinos to circumvent the many restrictions. Since there are no regulations about this, it’s an activity that has its own risks.

For example, there’s no telling what the authorities can or will do if they catch anyone playing online casino games. There’s also no protection against scams.

However, there is a bill passed in 2018 that allows sports betting. Interested people must be 21 years old and need to comply with a maximum amount of betting of VND 1 million per day.

The most popular promotions are the welcome bonuses. These entice players to join the casino and they tend to be rather generous. For example, you can get a 100% match bonus when making your first deposit. This means you deposit 1 ETH, you get 1 ETH from the casino.

Another popular one is the no deposit bonus, where you get money just for registering, no deposit necessary. You’ll need to play a certain amount of times before being able to retrieve any winnings.

That’s not all. Another preferred bonus for Vietnam is the free spins bonus, which lets you play for free in selected slots but with real winnings, which are yours to keep.