This site was created specifically for people from Canada, for quick acquaintance with the gambling industry online. In today's article, you can know all about What is Cryptocurrency and How Does One Gambling With it in Canada?. Our Canadian visitors have asked us so many times to write the review of "Bitcoin Gambling in Canada 2021 – Best Sites and Bonuses, What is Cryptocurrency and How Does One Gambling With it in Canada?" because of high interest in this topic. Well, the thorough investigation by our gambling expert had been already finished and we have collected here all useful information about What is Cryptocurrency and How Does One Gambling With it in Canada? in one review. You may read it now!
What is Cryptocurrency and How Does One Gambling With it in Canada?
BTC casinos are not that different from the rest of the gaming platforms. The best bonus for Bitcoin gambling in Canadar is actually a regular bonus. However, some of them implement BTC in the T&C and the wagering requirements. These offers are eligible only to new players. Very often, bonuses play a role in boosting your gaming. You can use the offer to try different games. First things first, there are no locally hosted BTC casinos. The ones available in the country accept various types of payment methods. Not all online casinos in Canada take Bitcoin. We have presented the best Bitcoin casino sites for Canada, which offer such cryptocurrency and all of them do that following the local gambling laws and legislation.
Bitcoin Gambling in Canada 2021 – Best Sites and Bonuses
The Best Bitcoin Casino Sites in Canada for 2021
Casino | Bonus Offer | Rating |
---|---|---|
22Bet | Up to C$450 | 5.00 |
JackMillion | Up to C$1500 | 4.97 |
Pure Casino | Up to C$170 | 4.95 |
Lucky Days | $1500 for Free | 4.90 |
Bitcasino | Up to 10% Cashback | 4.85 |
PlayAmo | Up to C$500 | 4.80 |
Casoo | Package of C$3000 | 4.75 |
7bitcasino | Pack of CA$400 | 4.70 |
BitStarz Casino | Up to $400 or 1 BTC | 4.65 |
1xbet | Up to €1500 | 4.60 |
The Top 10 Bitcoin Casinos for CA Players
- 22bet (Best Canada BTC Casino)
- JackMillion (Best Canadian BTC Casino for Bonuses)
- Pure Casino (Canadian Bitcoin Casino Leader in Real Money Bets)
- Lucky Days (Among the Top Canadian BTC Casinos for Payment Methods)
- Bitcasino (Top BTC Online Casino for Real Money Casino Games)
- PlayAmo (Among the CA Casino Sites with Top Bitcoin Casino Bonus)
- Casoo (Canada Bitcoin Casino with Secure Deposit Methods)
- 7BitCasino (One of the Safest BTC Online Casinos Accepting Canadians)
- Bitstarz (Best Bitcoin Gambling Site in Canada for Slots )
- 1xbet (Top Canadian Bitcoin Gambling Site for Sports Betting)
Best CA Online Bitcoin Casino Operators for 2021
On this page, we will give you all the needed information for a flying start in the world of Bitcoin casino Canada! You will read about the legality, the pros and the cons of cryptocurrency as a casino payment method. We will show you what games you can play and what bonuses you can claim. We also checked what are the different gambling products, like the lottery, sports betting etc. At the end of the article, you can see a section with frequently asked questions, answered by us as precisely as possible.
All online Bitcoin casinos in Canada that you can see here are tested and checked. They possess all the needed security standards and are also fair and trustworthy. Later on, we will show you how to recognise the good casinos and how to stay away from scams. If you are curious about more gambling, you can read our page about the best Bitcoin gambling sites in Canada.
What Is the Best Canadian Online Bitcoin Casino?
⭐ Best Online Bitcoin Casino in Canada | 22Bet |
---|---|
Best Canada Bitcoin Casino Bonus | JackMillion |
Highest Bitcoin Casino Payout in Canada | BitStarz |
Best Bitcoin Games in Canada | Bitcasino.io |
Best Bitcoin Casino App in Canada | PlayAmo |
When it comes to online casino gambling, your transactions’ privacy and security come with the greatest value. Each of the table’s pointed platforms presents the best Bitcoin casino in Canada sorted by its BTC related features. One has the best app, and another has a more extensive BTC games selection. The number of players using cryptocurrency for their online gaming adventure increases. That is why Bitcoin gambling in Canada becomes more and more popular.
Even though the majority of betting platforms in CA still lack Bitcoin as a payment method and currency, we have picked the best representatives at the moment. We took the liberty to divide them by bonus, payout, games, app and overall performance. That way, you get to chose not one best Bitcoin casino in Canada but five. Have a look and pick your next adventure at a certified and unbiased website.
Online Bitcoin Casinos in Canada – Advantages and Disadvantages
- Privacy and Security
- Instant Payments
- Anonymity
- No Bank Card Links
- Great Bonus Offers
- Independent Value
- Not Allowed Worldwide
- Less BTC Casinos
- Fluctuation in Value
Here we should discuss the pros and cons of playing with BTC at the best Bitcoin gambling sites in Canada, instead of with the dear, old dollar. As a starter, what many people skip to note is that BTC is primarily a currency – not a phenomenon, not an investment, but a currency. And as such, it can be used for a variety of things.
Some Canadian players may think that there are more appealing options for depositing, for example, when they play at an online casino with PayPal, but it’s not always that simple. Every payment method has its strongest sides and setbacks. The best part is that depositing and withdrawing with Bitcoin in Canada is easy and also fast, making it actually a more preferable payment method!
One of the disadvantages that we can think of when it comes to Bitcoin transactions is that no matter what mess you make – you cannot reverse it… Another one is that it can hardly be called stable, and it is quite sensitive to price swings.
The casinos that we are recommending and that are using Bitcoin, are great mainly because of the safety that they grant you. There is no sensitive data, nor bank details involved, which automatically makes you less vulnerable to scams, even if the security system of the casino fails.
Bitcoin Gambling Safety – How to Pick Legit Casinos in Canada?
You must check the security of the website which you plan to use. And that is, obviously, not valid just for online casinos. But since we are on that topic, we will teach you how to determine whether any Bitcoin gambling site for real money is secure or not. And the tips that we are going to share are worth remembering. Never disregard security, nor make compromises with it!
First things first – licencing. There are many authorities from different countries that can give a license to an operator. The safest and the most trustworthy ones are the United Kingdom Gambling Commission, the Malta Gaming Authority and licences from Curacao. If one or more of these are present on the website, it means that you have nothing to be afraid of. Below we will list the most popular licensing bodies and their seals.
- UKGC
- MGA
- Curacao eGaming
- Gibraltar Gambling Commissioner
- AGCC
All these licences come with a number, and it is advisable you check it, especially if you reached the website on your own. Another pillar in the safety of a casino is the SSL encryption. SSL means Secure Socket Layer, and it creates a connection between a server and a browser. There are several kinds of encryptions, like the 128-bit, the 192-bit and the 256-bit. The number of bits represents the keys that are used to encrypt the information. There is an absurd number of combinations, which makes the forgery virtually impossible.
Bitcoin Games – What Can You Play?
You might be wondering what you can play if you want to enter one of the best Bitcoin gambling sites in Canada. that we have listed in the beginning… You are right, of course. No matter how safe or how alluring is the best Bitcoin casino bonus in Canada, you go there with a desire – to enjoy the gameplay. You will be happy to know that there is an immense variety of games that you can enjoy at Canadian Bitcoin casino sites.
Generally, there are slots, table games, roulettes and other RNG Bitcoin casino games, like the ones listed below. They all have extremely high quality both when it comes to graphics and to sound effects. You will definitely not be disappointed, and it won’t lack anything when Bitcoin gambling in Canada! Plus, don’t forget that there are some impeccable high roller casinos in Canada that can surely satisfy the taste of every player.
- Bingo
- Keno
- Dice
Our advice is to always search for games that have a low house edge and a high RTP. RTP actually stands for Return to Player, and it is the percentage of your funds that will eventually come back to you during your play. The most popular games worldwide are slots, and Canada doesn’t divide from the bunch. If you want to read a bit more information about it, you can see our blog about the 50 best Bitcoin games.
You might find what you are looking for there because some games are really amazing, according to us! And if you want to explore more opportunities, then our guides about the Canadian slots casinos and the best CA roulette sites are the place to start!
The Best Bitcoin Casino Bonuses
Casinos that accept BTC are not that different, after all. They also offer bonuses to new customers and different promotions for already seasoned players. These offers can be rewarding you with the same amount of your deposit, or even more. And where you can find a player that would dislike a proper welcoming? Yeah… Nowhere.
Now, in the table below you can see which of the best bonus in our opinion is when it comes to the online Bitcoin casinos in Canada. If you anyway want to check also the other offers, you can go back to the beginning of our page and see them among our CA online Bitcoin casino choices.
You should always remember to read the terms and conditions that are connected to a certain promotion when you approach the best Bitcoin gambling sites in Canada, no matter if it’s the welcome bonus or something else. There are the wagering requirements that you for sure want to know before claiming the offer, together with the validity period.
Some promotions are valid just for specific games, which can be a minus too since it’s actually limiting you and you might not even like the said game. All these things should be evaluated before you decide to opt-in and you should choose wisely and carefully your next Canadian online Bitcoin casino.
Deposits and Withdrawals at Each Bitcoin Casino Canada Can Offer
We reached an interesting part –banking. The most important thing you must remember is that to use Bitcoin as payment, you should have a Bitcoin wallet. Some operators give you the option to directly buy Bitcoins with your bank card and deposit them in the casino. We listed the fees of our trusted online Bitcoin casinos in Canada, but you should always check for changes of the terms, before depositing.
Bitcoin Casino | Bitcoin Deposit Limits | Withdrawal Limits | Deposit Times | Withdrawal Times | Fees Charged |
---|---|---|---|---|---|
Bitcasino | Ƀ 0.001 | Ƀ 0.002 | Instant | Instant | 1.95% (BTCXE excluded) |
Bitstarz | 0.0001 BTC | 0.0001 BTC | Instant | Instant | – |
22Bet | 1.00 USD | 1.00 USD | Instant | Instant | – |
As far as withdrawals go, you can again consult the table above for the fees that operators might apply to your transactions. The cashouts are almost instant, and this way of withdrawing your funds is most likely the easiest and the most comfortable one nowadays. In all means, always read well the conditions for withdrawal, no matter if the site that you are playing at is a known or a new Bitcoin casino Canada has to offer.
How to Make a Payment with Bitcoin?
As we said, it is preferable if you have a Bitcoin wallet with which to make your transactions. Practically you send the currency from one wallet to another. There are confirmations between the sender and the receiver. They can be up to five, and we strongly recommend you not to use just one, if you are sending a larger amount of Bitcoins.
Once the transaction is complete, it can be seen in the blockchain. The good part is that no details about the payee are visible. Similar to Flexepin casino sites, payments with Bitcoin have no or extremely low fees. Still, you should always pay attention to them!
Legality of Online Bitcoin Casino Gambling in Canada
Bitcoin, as well as other cryptocurrencies, is completely legal in Canada but is not accepted as legal tender. This means that it doesn’t have the status of banknotes or coins issued by the Bank of Canada. Still, it is perfectly safe to use cryptocurrency for payments and purchases in Canada and is not against the law in any way. It is important to remember that all transactions of Bitcoins and others are subject to Canadian tax rules. This means that the usage of digital currencies in no way exempts you from your obligations when it comes to taxes.
Generally, all types of gambling are legal in Canada, but there are some restrictions, which vary from province to province. What is illegal is to operate an online casino from the territory of the country, which is why all operators are offshored or based in the reserve of Kahnawake.
The minimum age which you must have to participate in online gambling is 18 for Quebec, Alberta and Manitoba, while in the other provinces you must be at least 19 years old. To read more about the subject, you can check our page about the legality of gambling in Canada.
Bitcoin Gambling Sites in Canada – What Else They Offer?
Except for slots, we are thrilled to say that there are more and different games that you can enjoy if you go for a Canadian online Bitcoin casino. For example, you can play the live casino sites filled with games of Evolution in BitStarz! Of course, table and card games don’t miss from the list of available games too.
Most providers are well aware that just slots can hardly be satisfying enough for the players. And since legality is not a problem, the casinos do offer almost everything that we can think of. You can also take a look at the best Canadian sites for blackjack – you might find exactly what you need there.
Bitcoin Sports Betting
Sports betting as a brunch of the Bitcoin gambling in Canada is a favourite in the country of the maple syrup, and the BTC gambling sites are eager to comply with customers. There are several Bitcoin sports betting sites that you can play in Canada and they are impeccable. They offer more or less the same variety when it comes to their catalogue, no matter if you deposit Fiat or cryptocurrency. Moreover, the best Canadian apps with sportsbook or casino games offer even more privileges and advantages when bitcoin is accepted. And we all know how rewarding and satisfactory sports betting can be. Just keep in mind that it requires skills and not luck, so better smarten up your game and update yourself on the latest sports news too. If you can put a check in those boxes, then don’t lose time – check the best Bitcoin sports betting site in Canada, which we selected for you!
Always try to play at a Bitcoin casino Canada, that is recommended to you by trusted sources! Safety and legality are the most important factors and you must not make a compromise with them in any way. We review the operators thoughtfully, before listing them on our page, and we surely don’t leave a single stone unturned. So you can be sure that whatever operator you find on our website is licensed, fair and takes care of your and your data’s security!
Bitcoin Lottery
This website that you see above is among our trusted online Bitcoin casinos in Canada. It is safe, licensed and user-friendly and we say that because of our personal experience mixed with professional judgement. If you are a lotto fan, you can also check the other possibilities for lottery in Canada, which unfortunately do not include Bitcoin payments. There you will find the most popular lotteries around, but you will have to sacrifice the BTC part.
Daily Fantasy and Poker in Bitcoin Gambling Sites
Conclusion: Play at Online Trusted Canada Bitcoin Casinos in 2021
Our article about the best Bitcoin gambling sites in Canada is near its end. We are extremely happy that online gambling in Canada develops so much and so fast, together with the newest and most popular technologies. The possibility to pay with Bitcoins, not disclosing a single inch of sensitive information is what attracts most players. The games are with extremely high-quality too, making your experience impeccable.
In all means, you will not be disappointed if you choose to play at one of our trusted Bitcoin gambling sites. Now something a bit different… Bitcoin casinos are the new fashion, true… but Canada has a lot more to offer to iGaming devotees, so if you feel like learning more about it, please, visit our page and see the best online casinos in Canada.
Online Bitcoin Casino – Quiz Time
As a farewell, we tailored a section of frequently asked questions about each best Bitcoin casino in Canada mentioned and, of course, we answered them in the best possible way! We know how many queries a new player might have when starting in a new casino. We also know how annoying it can be to try and find the answer to every single question. We really hope that this section will be of use to you!
₿ What types of gambling are available at online Bitcoin casinos in Canada?
You can enjoy loads of gaming categories at each of the BTC casinos in CA. Alongside slot machines, Canadian Bitcoin casino games include live sections, table and card titles, sports and more. Operators are well-aware that the Canadian user seeks diversity and flexibility. They adjust their payment methods, so more gameplay opportunities are offered to the player. That explains the BTC daily fantasy and lotto categories.
What is the best Bitcoin casino in Canada?
The Online Bitcoin casinos in Canada are several. We have done in-depth research showing the top platforms using BTC. They are the best in different sections of online Bitcoin gambling in Canada. However, the best representative covering the majority of the criteria is 22Bet. We have hand-picked the top app, bonus, game selection and more.
What is the top bonus at the best bitcoin gambling sites in Canada?
BTC casinos are not that different from the rest of the gaming platforms. The best bonus for Bitcoin gambling in Canadar is actually a regular bonus. However, some of them implement BTC in the T&C and the wagering requirements. These offers are eligible only to new players. Very often, bonuses play a role in boosting your gaming. You can use the offer to try different games.
✔️ Are Canadian online Bitcoin casinos legal?
Cryptocurrency is not accepted as currency issued by CA banks. However, BTC casinos are legal in Canada in the country. All types of gambling are allowed, but they are also subject to restrictions. It is illegal to operate a Canadian online Bitcoin casino from within the country. That is why every BTC gambling platform is hosted abroad.
❌ Do all online casinos in Canada take Bitcoin?
First things first, there are no locally hosted BTC casinos. The ones available in the country accept various types of payment methods. Not all online casinos in Canada take Bitcoin. We have presented the best Bitcoin casino sites for Canada, which offer such cryptocurrency and all of them do that following the local gambling laws and legislation.
More Gambling Products in Canada
If you were impressed by the BTC gambling sites and possibilities, you will definitely be eager to know what other doors are open for you in Canada. And they are so many! From old-but-gold slots, roulette, blackjack and poker, through baccarat and craps, to bingo, sports betting and daily fantasy… There is an immense number of gambling products for you to enjoy.
If you want to see secure and trusted sites, that can grant you the world when it comes to iGaming, you should check our guide about the best online casinos in Canada. There you will see all the important details, including safety, payment methods and diversity. To make things even better, we have translated this page so you can read about the top Canadian Bitcoin casinos in French as well.
Bitcoin Gambling Facts and Fallacies
Is gambling with cryptocurrency legal in Canada?
Unless you’ve been dealing in digital currencies since their inception, it may be hard to believe that Bitcoin has been around for more than a decade already. The first Bitcoin block was mined on January 3, 2009, thus celebrating its 10 th anniversary just last month. Yet, there are still many people—the vast majority of the world’s population, in fact—that don’t understand how cryptocurrency works.
That’s okay. Unless you’re mining, trading or investing in cryptocurrency, you don’t have to understand its nature. What you may have heard, however, is that it’s an increasingly popular payment method for online gambling. Some internet casinos even operate exclusively in Bitcoins and other digital currencies. And that often brings about the question…
Is Gambling with Cryptocurrency Legal in Canada?
The short answer is, “Yes”. Bitcoin gambling is perfectly legal. Digital currencies are not controlled or backed by any federal government or bank, therefore cannot be deemed legal or illegal by any jurisdiction. Anyone with a valid means of purchasing can buy Bitcoin, Ethereum, LiteCoin, or any other digital coins on the market. Those coins can be spent at any website that accepts them. Therefore, the simple answer is yes, you can gamble online with cryptocurrency in Canada and many other countries.
As for which other countries, the question turns to whether online gambling is legal in the proposed jurisdiction. If online gambling is legal—or in Canada’s case, not expressly illegal, falling into that monochromatic ‘grey area’ of the law—then gambling with Bitcoin is legal, too.
Having followed the rise and fall of Bitcoin—from a distance, thankfully—I can assure you there’s an even more important question you should be asking…
Is Bitcoin Gambling Safe?
The volatility of Bitcoin‘s value is a frightening thing. When it was first adopted, it had virtually no value. After a year, a single Bitcoin was worth about US $0.03. Over the course of 2011, its value went from $1.00, up to $31.00, and back down to $2.00. Then in 2013, it rose to over $200, and by the next year, was valued at more than $1,000, briefly. Its worth grew steadily from there, hitting a high point of $19,783.06 in December 2017, before plummeting back to its current value of about $4,000 (CA $5,158) at time of writing.
Let’s stop and take that in for a moment. First of all, it’s heartening to know that you don’t have to invest several grand to purchase a Bitcoin. They can be bought in minuscule increments. However, what should be devastatingly disheartening is that the value of your coins could be a mere fraction of your investment by the time you use them, or cash them out.
Imagine you spend $100 on Bitcoins. You deposit that into a Bitcoin gambling account, and get lucky enough to win 5x that amount. However, when go to withdraw your winnings, Bitcoin’s value has sunk so much that, despite your win, you only receive $80 in cash.
This is the risk we take with digital currencies. So, in conclusion, yes, gambling with cryptocurrency is legal in Canada. But I do not feel it is a safe way to manage your money. You’re better off protecting your funds by depositing with eCheck, eTransfer, Interac, prepaid card, etc.
Best Canadian Friendly Brand w/ Easy Deposits
Royal Vegas Canada has been our editor’s #1 pick for three consecutive years ! Great compatibility of course (iphones, mobiles and tablets) but also an exciting range of games and promotions. Excellent support teams and quick cashouts… What else to ask for ?
Bitcoin Casinos in Canada
Scott MacDonald | July 18th, 2018 | Updated On: March 12th, 2021
Invented in 2008, Bitcoin (BTC) has blown up in recent years. This cryptocurrency boom has also led to the creation of numerous other cryptos. But, Bitcoin is the benchmark. Due to its increase in popularity, it has become a popular deposit method for online casino players. It’s now possible for you to play slots, blackjack, roulette, baccarat and other casino games all while using BTC as your deposit currency.
There are a variety of reasons why Bitcoin is becoming more and more popular in the world of online casinos. We’ll take a look at what it is, how it works and why you might want to consider using it when you make your next casino deposit. We also have a list of recommended online casinos that accept Bitcoin.
Canadian Casinos that Accept Bitcoin
What is Bitcoin?
A new banking option for casinos, Bitcoin is a digital currency as opposed to a fiat currency (money created by governments, i.e. the Canadian dollar). It’s decentralized, meaning that there is no governing authority overseeing it, i.e. a bank. Bitcoin and certain other cryptocurrencies are “mined”. Basically, computers work together to solve complex math problems which results in the generation of a small piece of a Bitcoin.
Because of the complexity of these math problems, only so many Bitcoin can be mined at a time. It also means that because of the sheer amount of computing power required, it’s very hard to counterfeit. Every transaction that happens with Bitcoin is publicly recorded, verified and stored on thousands of computers across the globe. This public ledger, known as a blockchain, helps to prevent manipulation of the market.
Once upon a time, it was hard to acquire Bitcoin without mining it. Now there are exchanges.
Casino-Friendly Exchanges
This is where you buy, sell and trade all forms of cryptocurrency, similar to a stock market. From Bitcoin (BTC) to Litecoin (LTC), there are quite a few cryptos to choose from. As long as the casino accepts BTC and your exchange deals in it, then it’s considered casino-friendly. ShakePay is the one that we find works well for players in Canada. You’ll be able to purchase not just Bitcoin but Ethereum (ETH) as well.
While you can buy Bitcoin through ATM’s now, along with other cryptocurrencies, the fees are much more reasonable when you purchase from an exchange. If you were buying BTC to play at a Bitcoin casino, then this is the cheapest way for you to acquire it.
Whether you’ve mined or purchased your Bitcoin, it is a decentralized currency. As a result, it can’t be stored in a bank. The exchange you bought it on will store it, but your BTC is stored there with millions of other people’s BTC, ETH, etc… This is a temptation for hackers, so you are better off sending your coin to a wallet or straight to your casino account.
Bitcoin Wallets
A wallet is essential for any cryptocurrency, including Bitcoin. This is where you store your private key. This key is what proves that you own your BTC. Your private key is a 256-bit number meaning that it is 64 characters (0 to 9 and A to F). You’ll also use your wallet to send and receive BTC from people or businesses. In fact, this is what you would use to deposit Bitcoin into an online casino.
There are 4 types of Bitcoin wallets:
Web: This is a web-based wallet wherein your Bitcoin is stored in a secure cloud server. The service provider you will perform back-ups of your cryptocurrency to ensure your BTC is safe. This is a good online casino option. Software: Versions like the Exodus Wallet need to be installed on your computer, which then stores your access to Bitcoin on your computer. Back-ups need to be performed manually by you. These Bitcoin wallets are susceptible to viruses and computer hardware failure, so always keep your software up to date. This is a great online casino option. Mobile: Stored right on your phone, these allow for you take your Bitcoin everywhere with you via an app. Just like a software wallet, the risk here is that if you lose or break your phone, you could lose your Bitcoin. This is another good option if you want to play at an online casino with your BTC. Hardware: Hardware wallets are considered the most secure way to store your Bitcoin. These are physical devices like USB drives that are designed for storing access to large amounts of Bitcoin. As they are fully offline, there’s no risk of being hacked. But, if lost or damaged, your Bitcoin could be gone forever. It’s important to note that you will need to use software to transfer your Bitcoin anywhere, making this the least desirable BTC option for playing at a casino.
So, there are a few options to choose from when it comes to wallets. As a casino player, you’ll likely want to avoid using the hardware version. It will require extra steps to get your BTC transferred to your casino account.
As Bitcoin’s popularity has increased, so too has its presence within the online casino realm. More and more casinos are accepting it as a form of currency. But what are its advantages?
How to Use Bitcoin at an Online Casino?
The process of using Bitcoin for deposits and withdrawals is straight forward. This is especially the case if you already have the Bitcoin. If, not, don’t worry. You will want to read about how to use Bitcoin.
If you’re looking to play with Bitcoin at an online casino, just follow these simple steps:
Sign up for a casino that accepts Bitcoin.
Choose BTC as your deposit method.
Use your Bitcoin Wallet to scan the provided QR Code or Send your BTC to the address provided by the casino.
Once the Bitcoin is in your account, choose a welcome bonus and start playing.
After that, you are all set to use your Bitcoin for wagering online. Some casinos will offer the option to deposit other cryptos and in those cases, the process of getting started will be similar. You will also find that some casinos will convert your Bitcoin into their currency of choice. In these cases, you’ll be given the current exchange rate on Bitcoin. Otherwise, the BTC will stay in your account as-is. All of your betting will be made using Bitcoin instead of regular dollars.
Withdrawing your money from the casino follows a similar process. The transaction itself will be quick, but requests to withdraw at online casinos can take between 24 and 48 hours. Now you know what Bitcoin is and how to use it for online gambling, so what gives it the edge over other banking methods.
Why Should You Consider Using Bitcoin?
Every payment method has its advantages and drawbacks. Bitcoin is no different, so let’s take a look at the pros and cons of using BTC at a casino:
Pro’s | Con’s |
---|---|
Quick Payments – Bitcoin payments are very fast. | Volatile Market – The value of Bitcoin has fluctuated in the past couple of years, so when you’re done playing, you’ll want to transfer your BTC from the casino to your wallet. |
Bitcoin Deposit Bonuses – Many online casinos offer BTC promotions, so you receive more bonus money when you deposit Bitcoin. | Limited Placement – Not every Canadian online casino supports Bitcoin, Litecoin, Dash, Ethereum, and Bitcoin Cash. |
Enhanced Security – Each transaction has a unique code, so hackers and identity thieves cannot steal your information. You can further protect your BTC by enabling 2FA (2-Factor Authentication). Couple that with the casino’s security measures and your hard-earned BTC is safe. | |
Protects Privacy – Your name, bank information, or credit card information is not used, so BTC helps maintain your privacy. | |
Free transactions – Canadian players will never pay a fee when using Bitcoin for deposits or withdrawals. | |
High Roller Payouts – Bitcoin has uncapped deposits and high withdrawal limits. |
These pro’s and con’s should give you an idea of whether you want to use Bitcoin for online betting. You might also want to consider which casino’s offer a Bitcoin welcome bonus.
Bitcoin Casinos
You might be wondering, “Can I use Bitcoin to claim my welcome bonus?” The answer is yes. You may also be wondering what Bitcoin casinos offer to their players that makes using the cryptocurrency worth it. Let us walk you through the Bitcoin process at each of our accepting casinos to give you a better idea of what to expect.
Kahuna
We really love Kahuna. Not only do they offer our favourite payment method, Bitcoin. But they also offer smooth navigation, a jaw-dropping theme AND some of the most exciting daily and weekly promotions we’ve come across. Use Bitcoin to deposit and to bring yourself the relaxation of a Hawaiian vacation, all from the comfort of your home.
CasinoNic
CasinoNic is considered the new kid on the block in the industry, but they’re already miles ahead of even some of the most established casinos by offering Bitcoin and other forms of cryptocurrency. Make a Bitcoin deposit and enjoy playing thousands of classic and unique games that can only be found at CasinoNic.
Casino Friday
CasinoFriday is known for being a fun and safe place for players to play. That’s why it only makes sense that they offer Canadian players one of the safest banking methods in the whole world. Upon signing up and making a deposit with Bitcoin, CasinoFriday will make you feel like it’s Friday every day.
Bodog
Bodog really knows how to make things exciting when it comes to Bitcoin. So much so, that they offer players a deposit bonus just for using it! It goes like this: Players receive a 150% casino bonus up to $900 just for using Bitcoin! Use the code BOCBITCOIN150 to reap all the juicy rewards that come with this bonus.
PlayAmo
PlayAmo prides themselves on being an online casino that accepts Bitcoin, and Bitcoin Cash. This payment method allows them to offer players a free an instant option when making both deposits and withdrawals. After depositing with Bitcoin, players will have the opportunity to accept many bonuses and play a wide range of games.
MuchoVegas
Our team has always been on board with the Mexican theme and exciting bonuses MuchoVegas offers their players. Things are only getting better now that they offer Bitcoin as one of their top deposit and withdraw methods for Canadian players. Any player using Bitcoin at MuchoVegas can expect fast and easy transactions every time.
Slots.lv
At Slots.lv, they sure know how to welcome their Bitcoin using players. By using Bitcoin, players can get up to $7,500 (yeah, you read that right) in bonus money. On the first deposit with Bitcoin, players receive a 300% match up to $1,500. It doesn’t end there. On the following eight deposits, players get a 150% match up to $750.
There’s definitely incentive to use the Bitcoin if you have it and are looking for a new online casino.
Bitcoin Glossary
The terminology surrounding Bitcoin can be challenging to keep up with. So, we’ve broken down a few of the terms you’ll encounter if you are new to the world of cryptocurrency. Understanding these will be helpful before you starting playing at a Bitcoin casino.
Bitcoin Term | Definition |
Block | A record of Bitcoin transactions over a certain period of time, usually about 10 minutes. All of these blocks are stored in a blockchain. |
Blockchain | Made up of blocks, this is a public ledger containing every Bitcoin transaction ever. This ledger is available for anyone to download, but there are no identities associated with it. |
Address | Generally, a Bitcoin address is made up of 34 characters in random sequence. This address is used to send and receive Bitcoin. Your wallet has an address, the casino you are using has an address, etc… |
Fiat | This is government-issued money. In particular, this money is backed not by a commodity like gold or silver, but by the government that issued it. An example of this would be the Canadian Dollar (CAD). |
Miner | A miner is a computer or series of computers that are used to help calculate and verify transactions on the ledger. More than one miner makes up a mining pool. Miners, for their work are rewarded with pieces of a Bitcoin. |
Node | Nodes exist for all cryptocurrencies and are just electronic devices that are connected to the internet. A node stores a part of a blockchain and can sometimes process transactions. By running a node, and processing transactions, you are in essence mining. |
Bitcoin Casinos FAQs
Yes – Bitcoin is extremely safe to use. The transactions are protected and recorded on the public ledger. Thanks to the complexity of the transaction code, it’s very hard to steal. Your biggest concern with Bitcoin safety is the reliability of your wallet. Once you’ve transferred the BTC to an online casino, it’s safe there.
Yes – In fact, some online casinos offer enhanced welcome bonuses for users looking to deposit Bitcoin. Bodog Casino and Slots.lv Casino both offer BTC-specific welcome bonuses.
Yes – Online casinos definitely accept Bitcoin and other cryptos like Bitcoin Cash(BCC) and Ethereum. But, not every casino does, so make sure you do your research. The casinos we recommend at the top of the page here all accept Bitcoin.
The process at each casino will be a little bit different, but it will always be straight forward. The casino will provide you with an address to send the Bitcoin to from your wallet. To get your Bitcoin out of the casino, a similar process is followed. The only delay when it comes to withdrawals is that it might take some casinos 24-48 hours to process your request.
The easiest way to get BTC is to purchase it through an exchange, which is also the fastest way to buy it for use at a Bitcoin casino. You sign up for an account and then pay with your credit or debit card. At the time of purchase, the BTC will be stored on the exchange, but this isn’t as secure, so you’ll want to transfer it to a wallet. The other option is to mine the Bitcoin which can take quite a bit of time and resources.
Bitcoin is a digital cryptocurrency that does not have a centralized bank to answer to. You can purchase Bitcoins or mine your own, which you then need to keep in a BTC wallet. From there, you can use Bitcoin anywhere that accepts it, including casinos.
WSOP 2021 to Offer Online and Live Poker in US and EU
Game On! Round 1 of High Stakes Duel II
GG Spring Festival Set for April Featuring deadmau5
Can I Play With Cryptocurrencies At Canadian Casinos?
UNITED STATES— Canada is home to many of the world’s most flexible casino sites. Canadians can opt to play mobile casino games, live dealer titles, and place sports bets, wager on bingo, play a little poker and much more. Do Canadian online casinos accept cryptocurrency deposits, though, and more importantly, can you play games with Bitcoins and other options? Read the rest of our guide to find out.
Can I Play with Cryptocurrencies?
Playing with cryptocurrencies is a possibility in Canadian casinos . However, we must stress that not all Canadian betting sites accept them. Even amongst those who do, you may only be allowed to play with one option over others. In many cases, this option tends to be Bitcoin. Canada has not formally taken a stand on cryptocurrencies, which means that using them in the country is essentially a grey zone. Like the population is divided on the subject, so are online casinos in Canada. Some offer them, and others do not.
What Cryptocurrencies Are Accepted?
Where online casinos in Canada accept cryptocurrencies, the digital currency of choice tends to be Bitcoin. However, you can sometimes find alternative options, including Ethereum, Bitcoin Cash, Dogecoin, Litecoin and Tether (USDT), at no small number of top Canadian betting sites. Some even accept deposits made using a variety of these options. If you opt to have a crack at playing your favourite games with cryptocurrencies at a Canadian online casino, we recommend choosing one that also accepts FIAT currencies. This way, you can ease yourself into betting with Bitcoins (or other options) slowly.
The Advantages to Cryptocurrency Gameplay at Canadian Casinos
There are several advantages to betting with cryptocurrencies at Canadian casinos. One of the most notable ones is that you can expect a degree of anonymity, thanks to blockchain technology. At the same time, cryptocurrency withdrawals also tend to be processed faster than with most conventional casino withdrawal options, including, in some cases, e-wallets. The fees associated with cryptocurrency cashouts at Canada’s top casinos tend to be low if there are any at all. The withdrawal limits are also relatively high, allowing you more wiggle room to cash out your winnings than are afforded by some rival payment providers.
Wagering on Canadian Casino Games with Cryptocurrencies
If you decide to wager with cryptocurrencies at Canadian casinos, make sure that you pick “the right casino”. Some casinos only accept deposits and withdrawals with Bitcoin and convert your cash into Canadian dollars for gameplay. You want to avoid this, as it means lower conversion rates and possible charges. Instead, opt to play at a Canadian casino that actively allows you to wager on games using BTC, ETH and other cryptocurrencies. These sites do exist, but you will need to read top Canadian casino reviews to make sure that you sign up at one that offers this service.
25 Best Bitcoin Gambling Sites and Crypto Casinos in 2021
Leanbackplayer.com announces the release of the review "Best bitcoin gambling sites in 2021"
Share this article
DETROIT , March 21, 2021 /PRNewswire/ -- Bitcoin and cryptocurrencies have become an increasingly popular payment method for online casinos today.
One of the main reasons is all the benefits you get from bitcoin payments, such as increased privacy, low fees, fast payouts, larger bonuses, and extra security.
There's some disadvantages to bitcoin casinos you need to watch out for, though. Some gambling sites that accept bitcoin can be shady and attempt to rip you off with unfair games and high wagering requirements to payout.
For this review we identified all the legitimate BTC casinos and sorted them by most fair and best paying. So whether you want to play bitcoin poker, slots, or place a BTC bet on your favorite team, this list has you covered.
Top picks for the best crypto gambling sites online:
- Best payout bitcoin casino: Red Dog
- Best bitcoin bonuses and promotions: Bitstarz
- Best for bitcoin poker: Ignition
- Best for etherium and LTC: 7Bit Casino
- Best BTC sports betting site: Bovada
- Best for EU players: CloudBet
- Most unique games: Fortune Jack
- Best live dealers: CafeCasino
- Best for csgo players: CSGOEmpire
Runner ups for best BTC casino:
Best BTC casinos in the UK:
Best BTC pokies in Australia and NZ:
Best BTC casinos in Canada :
Benchmarks we use to evaluate bitcoin gambling sites (our ranking methodology):
- Low house edge
- Licensed and provably fair
- Number of games available
- Variety of cryptocurrencies accepted
- Bonus deals and promotions
- Payout speed and low wagering requirements
- Customer support
The sites below scored highest in these benchmarks.
Top 5 Bitcoin Casinos and Gambling Sites
1. Red Dog - Best Payout BTC Casino
Red Dog Casino is the best bitcoin casino for high RTP slot games and fair play. This casino has many options for the bettor to pick, with different themes and different payout structures. It also has options for 5-reel, 3-reel, or jackpot slots, all of which are fun to gamble in their own way.
Red Dog also has specialty games to choose from, apart from their casino games. These options on this online casino are fun and different from the classic games. It gives the gambler a chance to play bingo, Keno, and a few other games not offered by other bitcoin casinos.
- Huge selection of slot games
- Different and unique games to choose from
- Great welcome bonus
2. BitStarz - Best Promotions and BTC Bonuses
Like the other sites, BitStarz offers bitcoin gamblers casino games, poker games, and some other 'specialty' games like a live dice table, but where it differs from its competition is the quantity and quality of promotions and bonuses.
A section on their site explains their odds publicly and displays the code used for their games so independent testers can verify that it is fair.
- The user interface is appealing and easy to use
- Promotions are the best in the business
- Provably fair games
3. Ignition Casino - Best Bitcoin Poker
Ignition Casino is by far the best choice for online BTC poker and blackjack. It is very user-friendly, the website is laid out well, and is easily navigated. Their choice in casino games, virtual bitcoin games, live poker, and promotions give this bitcoin gambling site an easy A.
For bitcoin poker, they have multiple options for the user, with Play Now and Tournaments as the two most common choices, but they also have a game called Zone Poker for those who don't want a break in the action. They are able to fold their hand and then immediately move to a new table with a new hand in a matter of seconds. This game mode is quite fun and keeps the money flowing and the winner happy.
Ignition Casino also gets a leg up on the competition with the number of different deposit bonuses, referral bonuses, and welcome bonuses available.
- User-friendly interface with ease to get around the website.
- Multiple options of games, from poker, live tables, and virtual sports.
- The best choice of deposit, referral, and bad beat bonuses.
4. 7Bit Casino - Best Choice of Games
7Bit Casino comes out on top with the sheer amount of games they have available for the gambler to play. They have your classic live games, table games, and slot games, but they have over 4000 different variations of these games to choose from.
7Bit Casino has 11 different game providers on their gambling site, each with its own section, so if you only want to gamble exclusively on Booming Games slot machines, you can. The amount of games on this site also allows bitcoin gambling to never get boring, as there will always be a new game for you to play.
They also have a "Jackpot" section, which allows the gambler to see the biggest jackpots available. At the time of writing this, the biggest jackpot is currently a little over 20,000 BTC.
- Over 4,000 games to choose from
- Ability to sort games by company, available JackPot, etc.
- Visually pleasing
5. Bovada - Best Crypto Sports Betting
Bovada is the best site for sports gambling, and is one of the few sports gambling websites that accept bitcoin, and allow you to place bets using bitcoin. With choices of all 4 of the 'major' sports, Bovada also has options for 31 other sports leagues, and some other options such as political betting and " Numbers Games' which is just a 3 number lottery that re-rolls every 5 minutes.
Bovada also has a dedicated horse racing book on the casino site. Unlike all of the other bitcoin casinos that offer virtual sports racing, Bovada allows the user to bet on live horse races. The bitcoin bettor can choose from different tracks, betting futures, and has the option for virtual betting like the other websites do.
Bovada's virtual racer has options other than sports, where you can bet on Camels, supercars, greyhounds, and virtual basketball/ soccer leagues. These extra options make Bovada the best option for the avid sports gambler.
- Lots of sports to bet on, 35 different leagues.
- Their virtual sportsbook is better than the other bitcoin casinos
- Has exclusive membership offers
How to Choose the Best Bitcoin Casino
Bonuses and Promotions
Easily the best site for Bonuses and Promotions is Bitstarz. Their Welcome Bonus is the best we have seen offering a 100% match of your bitcoin up to 1 BTC for your first deposits.
Coming in second and third for promotions, Ignition Casino and Bovada both have nice welcome bonuses. With Ignition having an Unlimited 25% Bitcoin Match Bonus for every deposit and Bovada having bitcoin bonuses on your first three deposits. Both sites offer more deposit bonuses after your first one, but neither of these bitcoin casinos can match the offers that FortuneJack has.
Depositing and Withdrawal Options
All of the sites use the same type of deposit/withdrawal system where you have to verify your account before you can withdraw. However, there are some sites that have a fee when you withdraw from your account. We hate these fees, so below each site is outlined in what they charge, and who has the worst fee for withdrawing.
The best withdrawal system goes to 7Bit Casino and Ignition Casino who stand above the rest as they have no fees when withdrawing from your account. Most gambling sites have a withdrawal fee, and this is to keep their customers from withdrawing, and instead keep gambling on their site. So having no withdrawal fee is a huge plus as there is no 'penalty' for wanting to take out your winnings.
The rest of the sites have a few stipulations for withdrawing from them. For example, FortuneJack has a minimum withdrawal of 0.004BTC, and Bovada has a small withdrawal fee, usually around $1.00 USD .
But the worst withdrawal system has to be CafeCasino. They charge an ungodly amount to take out your bitcoin from their site. Cafe Casino has a $75 withdrawal fee. This is clearly there to keep the gambler from taking their money out of the site, and they also charge a percentage fee if you have less than 75 dollars in your account. By far the worst withdrawal system of all the bitcoin casinos.
Range of Casino Games
Cafe Casino and 7Bit Casino are the best for the range of casino games. 7Bit has over 4,000 different to choose from and CafeCasino has the best option for JackPot multipliers, with some of their slot games having a 5x multiplier.
User Interface
Ignition Casino and Bovada are the top two choices for the user interface. They don't do anything flashy with huge sliding pictures, or big red text to catch your eye. The simplicity of the gambling site, with the speed, that both websites load at is hard to match. Although 7Bit Casino and FortuneJack might look better, their site performance takes a hit with all of the flashy stuff they added.
Additional Features
Bovada has the best additional features, as it is the only site of the 5 to offer real sports gambling. All of the other bitcoin casinos offered virtual sports and virtual gambling. Whereas Bovada allows you to bet bitcoin on 35 different leagues.
In conclusion, Red Dog Casino is the best bitcoin casino out of the ones we tested, for a few reasons. First, their user interface is the best, as it lays out all the games for you right away when you load in. There isn't anything flashy on the screen trying to get you to play a certain game, or asking you to refer a friend. Their site also loads the fastest out of all of them, so when you click on different tabs or games, you aren't stuck waiting for 10-15 seconds for it to load. Simplicity is key.
Their choice of games is great, and the live table section has a nice feature that other gambling sites don't. Finally, they have nice promotions to go along with the site. They might not be able to match BitStarz and their promotions, but let's be honest, who can? They have 6 promotions in total, from their first deposit bonuses, tell a friend bonus, and more, they can at least give Bitstarz a run for their money in this section.
Overall, Red Dog was the best when looking at user-friendliness, promotions, variety of games, fairness, and withdrawal systems.
You probably don't need us to tell you that any form of gambling comes with risks and should not be undertaken as a solution to solve your financial troubles. It's worth remembering the phrase…the house always wins!
If you suffer from a gambling problem or suspect somebody you know does, then we strongly suggest that you call the National Problem Gambling Hotline at 1-800-522-4700 to talk with an advisor for help and to make gambling safer for you or your loved ones. Remember all gambling sites and guides are 18+ only.
BTC gambling sites listed on our site may not be available in your region. Check your local laws to ensure online poker is available and legal where you live. Leanbackplayer is a casino comparison and review site established in 2018, LBP reviews are independent and reader-supported and we may receive commissions for recommendations made in our websites guides, this does not affect our rankings methodology and we always recommend sites we believe will provide the most enjoyable gaming experience.
Visit these organizations for free gambling addiction resources:
What is Cryptocurrency and How Does One Gambling With it in Canada?
With so many casino operators sprouting up and flourishing in the Canadian market, Canadians are currently enjoying a golden age of gambling. Recent innovations in payment systems have allowed casino players to fund their accounts and cash out their winnings more conveniently than ever before.
One payment method that stands out in terms of efficiency, safety, and transparency is bitcoin. As soon as it appeared in the global iGaming industry, Canadian-friendly online casino operators were quick to introduce it to their gambling platforms. Nowadays, there are dozens of bitcoin casinos in Canada, each offering its players a chance to fully utilize all the benefits of this superb payment provider.
In this article, I’m going to present the pros and cons of using bitcoin for online gambling in Canada, as well as the best bitcoin casinos for residents of the Great White North.
Best Bitcoin Casinos in Canada
When bitcoin was introduced to the global scene in 2008, not many people fully understood its potential. Gradually, it took the world by storm and underwent a huge expansion in 2017. That’s when casinos came to realize how convenient this cryptocurrency is and started implementing it on their gambling platforms.
Today, there are hundreds of online casinos that allow their players to facilitate bitcoin payments. The emerging Canadian online casino market jumped on the bandwagon and Canadian gamblers are now able to exploit all the benefits of this cutting-edge payment system.
Not all casinos can be trusted, though, which is why we went above and beyond to track down the most trustworthy options — feel free to check them out below.
# | Casino | Bonus | Play | |
1 | King Billy Casino Read Review | Exclusive Sign Up 200% up to € 100 + 100 Spins | VISIT CASINO | |
2 | WestCasino Read Review | Sign Up 100% up to C$ 200 + 100 Spins | VISIT CASINO | |
3 | BitStarz Casino Read Review | Exclusive No deposit bonus 20 Spins | VISIT CASINO | |
4 | Bodog Casino Read Review | Sign Up 150% up to C$ 900 | VISIT CASINO | |
5 | Slots.lv Read Review | Sign Up 200% up to $ 1,000 | VISIT CASINO | |
6 | Black Lotus Casino Read Review | Sign Up 200% up to C$ 600 + 30 Spins | VISIT CASINO | |
7 | LSbet Read Review | Sign Up 100% up to $/€ 300 | VISIT CASINO | |
8 | Native Gaming Read Review | No Deposit Casino Spins 20 Spins | VISIT CASINO | |
9 | Casoo Casino Read Review | Sign Up 100% up to C$ 450 + 100 Spins | VISIT CASINO | |
10 | MonteCryptos Casino Read Review | Sign Up 120% up to C$ 240 | VISIT CASINO | |
11 | Vegas Casino Online Read Review | Sign Up 400% up to $ 10,000 | VISIT CASINO | |
12 | SlotsHeaven Read Review | Sign Up 100% up to $/£/€ 100 + 200 Spins | VISIT CASINO | |
13 | iNetBet Read Review | Sign Up 200% up to $ 500 | VISIT CASINO | |
14 | Casino Friday Read Review | Sign Up 100% up to C$ 300 + 200 Spins | VISIT CASINO | |
15 | Yabby Casino Read Review | No Deposit $/€/AU$ 70 | VISIT CASINO | |
16 | Ozwin Casino Read Review | No Deposit AU$ 10 | VISIT CASINO | |
17 | Primaplay Casino Read Review | No Deposit $ 50 | VISIT CASINO | |
18 | Kahuna Casino Read Review | Sign Up 100% up to $/€ 1,000 + 20 Spins | VISIT CASINO | |
19 | CyberSpins Read Review | No Deposit Casino Spins 10 Spins | VISIT CASINO | |
20 | Spinfinity Casino Read Review | Sign Up 500% up to $ 5,000 | VISIT CASINO | |
21 | Jack21 Casino Read Review | Sign Up 120% up to $/€ 360 + 50 Spins | New VISIT CASINO | |
22 | JacksPay Casino Read Review | Sign Up 300% up to C$ 600 + 100 Spins | VISIT CASINO | |
23 | VegasRush Casino Read Review | No Deposit $/£ 300 | VISIT CASINO |
How to Deposit in Online Casinos Using Bitcoin
Although the exact process of depositing BTC to the casino account may differ depending on the operator, the overall procedure is more or less the same. The idea is to purchase bitcoins and transfer them from your BTC to a casino.
To begin with, you must find a bitcoin-friendly casino and set up an account there. Then, go to the Cashier section and click on Deposit. You will be presented with several payment options, and you should select bitcoin.
Then, the casino will give you a bitcoin wallet address and you have to paste it in your wallet app and input the amount of money you want to deposit — it’s as simple as that.
Withdrawing funds via bitcoin is even easier because it’s basically a reverse process from what you did when you deposited. Only this time, you give the casino your wallet address, and the casino will send the required funds there.
Keep in mind that online casinos usually have a withdrawal pending time, which is the time required for their financial team to process the payment and confirm it. This pending time differs depending on the casino, and usually takes 24–48 hours.
Pros of Using Bitcoin in Canadian Online Casinos
One of the main benefits of using bitcoin is its ease of use. Bitcoin casino transactions are completed within a few clicks, and the funds are being transferred almost instantly, unlike some obsolete methods where you have to wait for an eternity to withdraw your hard-earned winnings.
Another reason why bitcoin is a fantastic payment option when it comes to casino transactions is that the payment platform doesn’t charge any fees. If you encounter any charges, they are imposed by the casino operators themselves, but even that’s a rarity nowadays.
If a casino lists bitcoin as a viable banking option, this usually means that you can use it for both deposits and withdrawals. Also, deposit and withdrawal limits for bitcoin are generally much higher compared to other payment methods, which is why it’s popular among high rollers.
Transparency is another strong point of bitcoin, and other cryptocurrencies for that matter. If you’re feeling uncomfortable with sharing your personal and financial details with the casino, this is something you won’t have to worry about if you’re using bitcoin. All transactions are 100% anonymous, which is why bitcoin is considered to be one of the safest payment methods on the web.
While online casinos impose geo-restrictions, Bitcoin is a global method, available for everyone. You can use it from any corner of the globe to send money. Other payment methods are not accessible in certain countries, but Bitcoin is genuinely a universal service.
Speaking of restrictions, some Canada-friendly casinos won’t allow you to activate their bonuses if you’re depositing via certain banking options, like Skrill or Neteller. Bitcoin is never excluded from bonuses, and you can use it to unlock all promotional offers you can find.
So far, we’ve only talked about the advantages of using Bitcoin for casino transactions. Now, it’s time to mention something about its shortcoming as well.
Downsides of Using Bitcoin in Canadian Casinos
One of the few Bitcoin’s shortcomings is that it’s still not supported by many casinos. Although the Canadian gambling community is becoming increasingly fond of it, Bitcoin is not yet accepted by a great number of casino operators.
This is mostly due to the fact that many players still don’t know much about this digital currency, and how to use it for casino payments. Old school players still feel more comfortable using traditional payment options like bank transfers and credit cards, while younger patrons prefer e-wallets to cryptos.
Many people believe that Bitcoin is less secure than other payment systems because it isn’t connected with any centralized banking system. Also, bitcoin is not subject to any governmental rules or policies.
Another downside of Bitcoin is that its value is constantly fluctuating, so many players prefer using fiat money instead.
Conclusion
Not so long ago, it was almost impossible to find a casino that accepts Bitcoin. Times have changed, and cryptocurrency has now fully extended its reach to the Canadian online gambling industry.
The advantages of using Bitcoin are indisputable, and it’s only a matter of time before this payment method becomes as ubiquitous in the online gambling industry as its well-established competitors.
If you’re a Bitcoin rookie, you probably have some questions. I tried to answer the most common ones in my mini-FAQ section below. By all means, read on!
Are there any bitcoin bonuses in Canadian online casinos?
All bitcoin-friendly casinos offer welcome bonuses, which is a housewarming gift for newcomers. These bonuses are being given to all who sign up for an account and deposit money. Some casinos even have bitcoin-specific welcome bonuses which can be worth up in thousands of dollars.
Is it safe to use bitcoin in online casinos in Canada?
Bitcoin is one of the safest payment methods in the world. If you use bitcoin for casino transactions, you won’t have to disclose any banking information, which mitigates the risk of frauds and hacker attacks.
Are there any alternatives to Bitcoin?
Bitcoin is only one of hundreds of cryptocurrencies that exist nowadays. Some of them, like litecoin and ethereum are available at certain casinos. However, BTC is the most widespread in the online gambling industry.
Do I have to pay any fees when depositing in bitcoin?
Bitcoin fees are minimal to non-existent. Each transaction on the chain comes with a small fee, but this is nothing compared to other casino payment methods. Casino operators themselves rarely charge any fees for bitcoin transactions.
Is it legal to use bitcoin in Canadian online casinos?
Absolutely! Canadian players can use bitcoin for casino transactions wherever the payment method is supported, without suffering any legal consequences for it.
So, let's define, what was the most valuable conclusion of this review: With crypto in its peaky, it was time for online Bitcoin casinos in Canada to flourish. Read all about each Bitcoin casino Canada has to offer! at What is Cryptocurrency and How Does One Gambling With it in Canada?
Contents of the article
- Bitcoin Gambling in Canada 2021 – Best...
- The Best Bitcoin Casino Sites in Canada...
- The Top 10 Bitcoin Casinos for CA...
- Best CA Online Bitcoin Casino Operators...
- What Is the Best Canadian Online...
- Online Bitcoin Casinos in Canada –...
- The Best Bitcoin Casino Bonuses
- Deposits and Withdrawals at Each...
- Legality of Online Bitcoin Casino...
- Bitcoin Gambling Sites in Canada – What...
- Conclusion: Play at Online Trusted...
- Online Bitcoin Casino – Quiz Time
- ₿ What types of gambling are available...
- What is the best Bitcoin casino in...
- What is the top bonus at the best...
- ✔️ Are Canadian online Bitcoin casinos...
- ❌ Do all online casinos in Canada take...
- More Gambling Products in Canada
- Bitcoin Gambling Facts and Fallacies
- Is Gambling with Cryptocurrency Legal...
- Is Bitcoin Gambling Safe?
- Bitcoin Casinos in Canada
- Canadian Casinos that Accept Bitcoin
- What is Bitcoin?
- How to Use Bitcoin at an Online...
- Why Should You Consider Using...
- Bitcoin Casinos
- Bitcoin Glossary
- Bitcoin Casinos FAQs
- Can I Play With Cryptocurrencies At...
- 25 Best Bitcoin Gambling Sites and...
- Share this article
- What is Cryptocurrency and How Does One...
- Best Bitcoin Casinos in Canada
- How to Deposit in Online Casinos Using...
- Pros of Using Bitcoin in Canadian...
- Downsides of Using Bitcoin in Canadian...
- Conclusion
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.