What is crypto sports betting?

Denmark Crypto Gambling Sites

Denmark’s gambling industry might be one of the most liberal ones in Europe, but the need for a local license for brands to operate and the recent heavy taxation on winnings leaves players on a dead-end.

To gain access to additional sports markets and casino games, locals prefer crypto gambling sites. With instant withdrawals, valuable bonuses and the ability to keep their game under the radar, Danish players can now enjoy their game free of limitations and subpar options. If you want to find the best crypto-friendly brands and how everything from regulation to taxes works, keep reading.

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Best Crypto gambling bonuses in Denmark

As the popularity of cryptocurrency gambling keeps rising, so does the number of sites that accept crypto as a form of payment. We’ve made it our mission to help you avoid wasting your time and money on certain websites that could eventually be scam. Our list includes great bookmakers and the best crypto casinos in Denmark. They are fully tested and with a wide range of brilliant bonuses available to Danish players, like high matchup amount and crypto cashback.

Casino

Rating

Min Deposit

Rollover

Bonus Code

Vave Bonus

4.4/5

Cashback

$20

B x 40

NO CODE

100% Bonus Up To1 BTC

Coins.Game Bonus

4.2/5

Deposit Bonus

$10

N/A

NO CODE

180% Bonus Up To$20,000

BetPanda Bonus

4.3/5

Deposit Bonus

$10

x80

NO CODE

100% Bonus Up To1 BTC

Coinplay Bonus

4.2/5

Deposit Bonus

20 USDT

x40

NO CODE

100% Bonus Up To5,000 USDT

Jackbit Bonus

4.1/5

Deposit Bonus

€50

WELCOME

Bonus Up To100 FS

22bet Bonus

4.2/5

Deposit Bonus

€1

B x 50

Exclusive Offer

CRYPTOTV

100% Bonus Up To€300

Stake Bonus

4.4/5

Rakeback

Special Rules

Exclusive Offer

CRYPTOTV

Bonus Up To10% Rakeback

Gamdom Bonus

4.0/5

Rakeback

Special Rules

NO CODE

Bonus Up To15% Rakeback

Sportsbet.io Bonus

4.1/5

Daily Rewards

Special Rules

NO CODE

Bonus Up ToDaily Rewards

#10

BC.Game Bonus

4.3/5

Deposit Bonus

$30

Special Rules

Exclusive Offer

NO CODE

120% Bonus Up To$20,000

#11

Kineko Bonus

4.1/5

Deposit Bonus

$20

B x 35

NO CODE

100% Bonus Up To$100 + 200FS

#12

20Bet Bonus

4.3/5

Deposit Bonus

$/€20

B x 40

NO CODE

100% Bonus Up To$/€120

#13

Rocketpot Bonus

4.0/5

Deposit Bonus

$25

x35

NO CODE

100% Bonus Up To$5,000

#14

Mystake Bonus

4.2/5

Deposit Bonus

$20

x30

NO CODE

170% Bonus Up To$1,000

#15

Goldenbet Bonus

4.1/5

Deposit Bonus

$20

x35 in Slots

NO CODE

100% Bonus Up To$500

#16

FortuneJack Bonus

4.0/5

Deposit Bonus

BTC 0.001

Bonus x30

NO CODE

110% Bonus Up ToBTC 1.5

Bookmaker

Rating

Min odds

Min Deposit

Rollover

Bonus Code

Vave Bonus

4.4/5

Cashback

2.00

$20

B X 5 (Doubles)

NO CODE

100% Bonus Up To1 BTC

Coins.Game Bonus

4.2/5

Deposit Bonus

N/A

$10

N/A

NO CODE

180% Bonus Up To$20,000

BetPanda Bonus

4.3/5

Deposit Bonus

$10

x80

NO CODE

100% Bonus Up To1 BTC

Coinplay Bonus

4.2/5

Deposit Bonus

1.60

20 USDT

x40

NO CODE

100% Bonus Up To5,000 USDT

Jackbit Bonus

4.1/5

Freebet

1.30/selection (trebles)

€20

Special Rules

NO CODE

100% Bonus Up To€100

22bet Bonus

4.2/5

Deposit Bonus

1.40/selection (Trebles)

€1

Β x 5

Exclusive Offer

NO CODE

100% Bonus Up To€122

Stake Bonus

4.4/5

Rakeback

Special Rules

Exclusive Offer

NO CODE

Bonus Up To10% Rakeback

Gamdom Bonus

4.0/5

Rakeback

Special Rules

NO CODE

Bonus Up To15% Rakeback

Sportsbet.io Bonus

4.1/5

Daily Rewards

Special Rules

Bonus Up ToDaily Odds Boost

#10

BC.Game Bonus

4.3/5

Deposit Bonus

$30

Special Rules

Exclusive Offer

NO CODE

120% Bonus Up To$20,000

#11

Kineko Bonus

4.1/5

Deposit Bonus

1.50

$20

D x 10

NO CODE

100% Bonus Up To$150

#12

20Bet Bonus

4.3/5

Deposit Bonus

2.00 Combined (ACCAs)

$/€10

B x 5

NO CODE

100% Bonus Up To$/€100

#13

Rocketpot Bonus

4.0/5

Deposit Bonus

$25

x35

100% Bonus Up To$5,000

#14

Mystake Bonus

4.2/5

Deposit Bonus

1.40/selection

$20

x10 in Doubles

NO CODE

100% Bonus Up To$500

#15

Goldenbet Bonus

4.1/5

Deposit Bonus

1.4/selection

$20

x10 in Trebles

NO CODE

100% Bonus Up To$500

#16

FortuneJack Bonus

4.0/5

Cashback

N/A

BTC 0.001

N/A

20% Bonus Up To20% Cashback

Crypto gambling sites in Denmark - Essentials

Sadly, there are no cryptocurrency casinos or sportsbooks based in Denmark. But still, several international brands accept cryptos as payment. However, these are not officially licensed to operate in Denmark. The Gambling Act of 2012 defines that any establishment needs to accept bank transfers or credit cards as a payment method. Thus making it difficult to set up a legal cryptocurrency casino or bookmaker in Denmark at this point.

Despite the legal situation, there are several reliable crypto gambling sites in Denmark, willing to serve local players. Some of them have already been operating for many years, making them fully trustworthy. And if you value privacy and anonymity, you should definitely consider sticking with crypto-based gambling sites. If you want to dig in deeper, our Bitcoin gambling reviews list every detail concerning the available crypto-friendly brands.

Trending Brands in Denmark

No of Cryptogambling Sites

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Stablecoin gambling sites

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Denmark Crypto gambling facts

Without a proper licence, it is formally prohibited for international and domestic operators to target Danish players in any form, including offering DKK-currency payments, support in Danish, or the Danish language on their site.

Spillemyndigheden (the Danish Gambling Authority) is the state-owned regulator, in charge of all types of gambling in the country.

Under the 2012 Gambling Act, crypto casinos are deemed as gambling businesses and require a licence to legally operate. So far, no online crypto casino has received a local licence.

Solid crypto gambling sites in Denmark

Crypto payments for gambling purposes are growing in popularity, and it’s no surprise why: they are faster, cheaper, and more secure than popular payment methods like credit cards and bank transfers. Cryptocurrencies also offer anonymity, allowing you to play without giving away any personal information. This is especially important to those who want to maintain their privacy and keep their credit card information off the internet. Check out our favourite gambling sites with exclusive Bitcoin casino bonuses, thousands of slots and fast withdrawals.

Casino

Rating

Crypto Coins

Highlights

Vave

4.4/5

Cashback

Over 8 Coins

70+ Providers

Over 700 Bonus Buy Games

4+ Fiat To Crypto Gateways

100% Bonus Up To1 BTC

Coins.Game

4.2/5

Deposit Bonus

15+ Popular Cryptos

3,000+ Games

No KYC Required

Easy Signup

180% Bonus Up To$20,000

BetPanda

4.3/5

Deposit Bonus

Over 10 Coins

5,000+ Slots

No Verification Required

Separate Crypto Wallets

100% Bonus Up To1 BTC

Bonus tips for the best crypto casinos in Denmark

The best crypto casinos in Denmark have everything you need to enjoy your favourite games. Fast transactions, excellent customer service and high-security measures to protect your sensitive data. Look out for special bonuses with free spins or a Bitcoin casino bonus; there are plenty of ways to enhance your bankroll while playing at a reputable operator.

At crypto casinos, you’ll easily find regular valuable promotions. Some also have loyalty programs that reward you with generous cashback, free spins or exclusive personalised rewards. Be careful when choosing your bonus though, as some crypto bonuses have quite high rollover requirements. Scrutinise the terms and conditions and focus on wagering requirements, non eligible games and possible max bets per spin/hand.

Legit crypto Bookmakers in Denmark

There are plenty of online sportsbooks that accept Danish customers looking to place bets on popular local and international sporting events. A key benefit of crypto betting is the instantaneous transactions’ processing. It’s basically easy, fast and convenient. There are also some very reputable sites out there, so we have listed all major crypto bookmakers in Denmark.

Bookmaker

Rating

Crypto Coins

Highlights

Vave

4.4/5

Cashback

Over 8 Coins

Up To 96%+ Odds

Over 1,000 Daily Live Events

4+ Fiat To Crypto Gateways

100% Bonus Up To1 BTC

Coins.Game

4.2/5

Deposit Bonus

15+ Popular Cryptos

97% Odds In Top Leagues

No KYC Required

Easy Signup

180% Bonus Up To$20,000

BetPanda

4.3/5

Deposit Bonus

Over 10 Coins

Livestreaming

40,000+ Monthly Pre-game Events

Bitcoin Lightning Accepted

100% Bonus Up To1 BTC

How to Find a Good Crypto Bookmaker in Denmark

A good bookmaker should be offering high odds and great promotions. If a bookie doesn’t seem to meet your expectations regarding their features, consider other competitors until you find the one that suits you best.

There are certain general elements to look for that make up a good bookmaker, such as responsive customer service, a wide range of sports and markets to bet on, a solid cashier section and a promotions’ page with valuable offers.

You may find out which Bitcoin bookmakers have the best payout on matches by comparing the odds of a specific event on different platforms. However, it is a time-consuming strategy that also requires some fundamental knowledge on behalf of the player.

Casino

Vave

4.4/5

YEAR EST

2022

Over 8 Coins

70+ Providers

Over 700 Bonus Buy Games

4+ Fiat to Crypto Gateways

Pragmatic Play

No Limit City

NetEnt

100% Bonus Up To 1 BTC

How to deposit to Danish crypto gambling sites

Once you have decided which crypto gambling site you want to bet on and open an account, it is then time to fund it with some cryptos like BTC or ETH. You can acquire them on crypto exchanges like Coinbase, Binance or Kraken. As soon as this is done, you should always transfer the bankroll to your private wallet before making any deposit to the casino. If while playing you want the highest level of anonymity, you should opt for privacy coins like Zcash or Monero.

Step-By-Step Process

Start an account at a crypto exchange. Fund it via debit card, bank transfer or any other local option. Acquire the cryptocurrency that you are going to use as a gambling bankroll.

If you are not in a hurry, limit orders hold fewer fees than market orders. Sometimes, it is better to acquire the proprietary coin of the exchange first, as trading pairs with them cost less.

Transfer the cryptocurrency amount to your private wallet. Never make direct transactions between crypto exchanges & crypto gambling sites. Crypto exchanges may freeze such accounts.

Head over to the gambling site’s cashier section. Click on the relevant crypto method. The wallet’s address will appear. Copy the address and paste it into your wallet’s send function. QR code scans are commonly available too.

If a brand does not support crypto-only wallets, watch out for the exchange rate. Any spread above 1% of the current market rate is too much.

After a few seconds or minutes, your deposit will settle. This depends on the cryptocurrency and the number of block confirmations required by the operator.

The good news is that Denmark has not declared cryptocurrencies to be illegal. And given the current crypto gambling regulation, you shall not pay an extra Bitcoin tax on your winnings when gambling using cryptocurrencies. However, if you exchange a crypto amount to a fiat currency before withdrawing, the Danish government will consider it a taxable asset.

Sportsbook

Vave

4.4/5

YEAR EST

2022

Over 8 Coins

Up to 96%+ Odds

Over 1,000 Daily Live Events

4+ Fiat to Crypto Gateways

Cash out Full

Live Streaming

100% Bonus Up To 1 BTC

Are crypto gambling winnings taxed in Denmark

Gambling winnings did not fall under any taxation. However, since 2021, they are treated as income with a relevant applying tax that reaches up to 62%. The first €5,000 you win is generally non-taxable. Above this threshold, you should check with your accountant, as it depends on various personal factors. However, gambling at a casino without a valid licence is illegal in Denmark. But at least there are no reports of fines or penalties for players who play at unlicensed gambling sites, such as crypto offshore ones.

Cryptocurrencies must be reported on tax returns, so you can consider that there exists a Bitcoin tax in Denmark. There are no further specific crypto regulations, however, you are obliged to report any generated income from trading via cryptocurrencies. This includes capital gains and losses. This is why you should always keep records of all your transactions. The tax on profits is approximately 53%, while you can get up to a 28% deduction from losses.

The above applies to cryptocurrency investments and trading on centralised platforms. Offshore gambling sites are far more private than local ones; as for crypto winnings, you can avoid taxation if you withdraw them straight into your private wallet.

Gain the highest level of privacy

Local citizens can gamble online by using crypto in Denmark, but we suggest you do so only via a private wallet. You can then deposit from it into one of the many offshore crypto gambling sites with low KYC requirements. Once you’ve completed your deposit you can bet and send funds to your account. When you win some money, you should withdraw it to your private wallet instead of a crypto exchange.

Most cryptocurrencies are not 100% anonymous due to the fact that you have a wallet address that can be tracked on a blockchain explorer; so, anyone knowing your address could also see your transactions. If you want to step up your privacy, you can use so-called “privacy coins”. Two examples are Zcash and Monero; If you complete transactions with these coins, your address is not visible anywhere on the explorer.

What Goes on in Other Scandinavian Countries

Let’s start by saying that even though all Scandinavians love betting, they also have to deal with their governments collecting tax money from winnings and crypto gains sooner or later. Crypto gambling in Sweden is a prime example of that, where despite the lack of a clear regulatory definition, Capital Gains Tax has to be paid for declared crypto transactions.

In a similar fashion, crypto gambling in Norway would normally face taxation on transactions and large winnings, but the freedom to join offshore crypto-friendly brands with low-KYC requirements allows gamblers to circumvent this burden conveniently.

*Keep in mind that this is meant to be a general overview of the current fiscal situation. As we are not financial advisors, contact a tax professional for your financial inquiries; errors may lead to significant losses & potential fines.

Our final verdict on Danish crypto gambling sites

While gambling in Denmark is regulated, there is no crypto gambling site with a local licence. Nonetheless, players can easily access offshore crypto-friendly brands; through which you can perform high privacy transactions, making it a lot easier to circumvent the government’s restrictions. Also, you will gain access to a wide range of sports markets and slot providers offering great bonuses and ultra fast withdrawals; if this sounds intriguing, feel free to check our recommended bookmakers along with the best crypto casinos in Denmark.

FAQs

Yes, most cryptos are traceable and stored on the blockchain for everyone to see, yet under a pseudo address instead of your actual name. No transactions can be linked to you if no one knows this address.

By law, Danish players can only play at officially licensed casinos, which do not offer payments via cryptocurrencies. However, there are so many offshore online casinos offering cryptocurrencies on the internet that it is almost impossible to block them all. There are no specific crypto regulations so you can play without legal consequences as a player at such a casino.

After you have purchased your cryptos from an official exchange, you need to send them to your Private Wallet first. You should never deposit from the exchange straight to the casino. After that, you will find the deposit address on the Casino page; you can simply enter it into your Private Wallet and send the amount you want.

Unfortunately, none of them is licensed in Denmark, but rather in Malta or Curacao. We have the best crypto casinos in Denmark on our list; they have been on the market for a long time and have proven their trustworthiness.

Crypto sports betting is simply sports betting using cryptocurrencies. You can deposit and withdraw with crypto, while most of them even allow crypto betting and receiving your winnings in your favourite crypto coins.