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Crypto betting sites: how crypto deposits work and the risks
Some international bookmakers accept cryptocurrency such as Bitcoin or the stablecoin USDT. Deposits arrive after the blockchain confirms them, and the wrong network or address can lose the money for good.
Bangladesh Bank says transactions to obtain virtual currencies are not permitted and has warned against using them. The Gambling Prevention Act 2026 replaced the Public Gambling Act 1867 and makes online gambling and online betting criminal offences in Bangladesh. A foreign licence held by a bookmaker, such as Curaçao, does not make betting legal here.
Blockchain transfers
Not permitted by Bangladesh Bank
18+
By
Ethan Moore
Updated 6 Oct 2026
Key points
-
2022
Bangladesh Bank said transactions to obtain virtual currencies are not permitted under foreign exchange rules.
-
2026
The Gambling Prevention Act 2026 makes online betting an offence, whatever the payment method.
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What it means
What crypto means for a bettor in Bangladesh
-
The fact
Bangladesh Bank: virtual currency transactions are not permitted
What it meansbuying or using crypto carries legal risk under foreign exchange rules, on top of the gambling law.
Do thisDo not treat crypto as a way around these rules.
-
The fact
Online betting is an offence in Bangladesh
What it meansthe Gambling Prevention Act 2026 applies whatever payment method is used, and a foreign licence does not change it.
Do thisRead the law and our responsible gambling page before you deposit anywhere.
-
The fact
Blockchain transfers cannot be reversed
What it meansa wrong address or network loses the money.
Do thisCopy the address from the cashier and check the network.
-
The fact
Prices move
What it meansBitcoin can gain or lose value between deposit and withdrawal.
Do thisStablecoins move less, but still carry the other risks.
Glossary
Crypto terms
- Stablecoin
- A token designed to track a currency such as the US dollar, for example USDT. So what: its price moves less than Bitcoin's.
- Network
- The blockchain a token travels on; the same coin can exist on several. So what: sending on the wrong network can lose the money.
- Confirmation
- The blockchain's acceptance of a transfer. So what: deposits are credited only after enough confirmations.
- Network fee
- The fee paid to the blockchain for a transfer. So what: it is charged on top of any bookmaker fee.
Related News
FAQ
Can I bet with crypto?
Some international bookmakers accept it. Bangladesh Bank, however, says transactions to obtain virtual assets are not permitted, and online betting is an offence under the Gambling Prevention Act 2026.
What is Bangladesh Bank's position on crypto?
It has warned repeatedly against cryptocurrency, and in 2022 said virtual currencies are not recognised under the Foreign Exchange Regulation Act 1947 and that transactions to obtain them are not permitted.
Why do crypto deposits take time?
The transfer must be confirmed on the blockchain. The time depends on the network and its load.
What if I send to the wrong network?
The money can be lost. Always match the coin and the network shown in the cashier, for example USDT on the network the bookmaker names.
Is a stablecoin safer than Bitcoin?
A stablecoin such as USDT tracks the US dollar, so its price moves less. It still carries the legal and transfer risks above.
Is it legal to use this method for betting in Bangladesh?
No payment method makes betting legal. The Gambling Prevention Act 2026 makes online gambling and online betting offences in Bangladesh, and a bookmaker's foreign licence does not change this. See our responsible gambling page.