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In the United Kingdom, which is one of the most popular locations for spread betting of any type, profits from this type of investment are not taxed. That lack of taxation comes from the fact that betting profits are not taxed within the UK and spread betting is considered to be a form of betting. The important thing to remember is that it is the current UK law that profits from crypto spread betting do not get taxed, Cryptocurrency auto faucet, cryptocurrency auto faucet. You can quickly access your bitcoins, and complete transactions through a browser or your phone. A quick word of caution: you may be tempted to use the wallet built into coinbase to send and receive bitcoins from gambling sites. Coinbase disallows the use of their wallet service for gambling purposes. Do not do send or receive bitcoin directly from your coinbase account to a gambling site. Also do not send from a sportsbook to your coinbase account directly either. They will shut you down. 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