Bitcoin Casino in Canada
Bitcoin casinos are becoming quickly popular in Canada, and for good reasons. However, some players who are more suited to conventional living are finding it difficult to trust these new-generation websites. They have good reasons too. It is always to remain wary of concepts you’re unsure of, particularly when dealing with payment methods.
Let’s see what these crypto casinos do differently from the old casino sites and determine if they are legal in Canada.
Online Bitcoin Casino In Canada — Advantages & Disadvantages
Advantages
Privacy
A massive advantage of Bitcoin casinos in Canada is the privacy that they offer. Government can’t keep track of your earnings, unlike they can, with fiat currencies. To some citizens, this does not matter, but it does to most casino players. The privacy afforded by BTC sites is often considered the reason most governments do not accept online gambling.
Ease Of Deposit
One good aspect of crypto casinos is the ease of depositing and withdrawing. There are countless coins to deposit with, but that’s not the main thing. It is that crypto deposits attract no additional charges and that they are quickly reflected in your account. The same applies to withdrawals.
Hidden Identity
Apart from the fact that your winnings are kept hidden from the government, most casino Bitcoin websites keep your identity classified too. This is because they rarely ask for personal details. So, no one even knows who’s playing.
Provably Fair Games
The presence of provably fair games erases all doubts about the fairness of a game. This is a great advantage offered only by BTC casinos. A fiat gambling website has nothing to do with provably fair.
Makes Gambling Easier
Some BTC casinos accept bitcoin, cryptocurrencies, and e-wallet transactions, making it easier for gamblers to stake on games. This is an advantage over fiat-oriented casinos that do not give crypto holders the chances to play.
Disadvantages
Fraud
The major con of Bitcoin casinos is that they are used as a means of siphoning funds by fraudulent public officials. Not of direct consequence to other players but to the society at large.
Charges
Most crypto sites charge nothing on transactions, but we have to consider the platforms players are paying from too. Some online wallets charge exorbitant fees for depositing at such sites.
Bitcoin Gambling Safety — How To Pick Legit Casinos in Canada
Players against the concept of an untraceable means of payment are not necessarily unwilling to make progress. They may be wary of security. It has become easier for casinos to dupe players with Bitcoin casinos. There is, after all, no trace of payment when you use cryptocurrencies.
Thus, you have to keep some things in mind for your safety before settling for a Canadian Bitcoin casino.
Security
Security involves two expectations: one, that a site is legit and operational; two, that an operational site does not rig games on offer. For the first consideration, you can trust a website if it is licensed by a reputable gambling commission, while the second is easily resolved with the availability of provably fair games.
License
Like I’ve just mentioned, a license has a great say in the legitimacy of a BTC casino. A virtual casino without a license should not be trusted regardless of how promising its offers look. There’s nobody to make sure games are fairly regulated.
Game Providers
Good casino operators are not cheap to come by. Thus, most scam websites do not have many due to their cost. The more the number of reputable software providers at a casino, the more legit it is.
What Are Bitcoin Casinos?
Bitcoin Casinos are online casinos that accept cryptocurrencies as the major means of deposit and withdrawal. This means that crypto coins like bitcoin and Ethereum are the main mediums of payment the site wants. You should note now that Bitcoin casinos do not necessarily mean that only Bitcoin is accepted at the site. Some accept bitcoin, bitcoin cash, Ethereum, pound, dollar, and others.
On the other hand, it is also necessary to know that some of these new casino sites are 100% committed to bitcoins. This means they don’t accept any other cryptocurrency for transactions, much more fiat currencies. The payment system always depends on the site’s policy.
Why Are Crypto Casinos So Popular?
There may be various reasons behind the increasing acceptance of Canadian Bitcoin casinos, all of which we possibly can’t highlight. I am, however, sure of two reasons, namely:
Guaranteed Privacy: Eden Snowden’s leak of classified information revealed that the United States Government spied on every citizen and kept track of everyone’s financial status illegally. Since then, many have grown wary of government-regulated currencies. There were reports too that the government takes note of every amount that goes in and out of your bank account.
However, the advent of Bitcoin changed that. Everyone can now conduct transactions without fear of being monitored. The cash you spend or win at Bitcoin casinos cannot be traced. Your deposit with a crypto wallet, and you withdraw to a crypto wallet again. People value their privacy, and they are glad casinos that accept bitcoin are helping to ensure that.
How To Choose A Bitcoin Casino
You can always find various lists containing bitcoin gambling, but I’d like to point out that what works for a player may not do for the other. Therefore, I’ll highlight three points below that you have to check out before choosing a casino Canada site to play at.
Accepted Payment Means
It would be easier to decide on a BTC casino if they all operated the same way. However, they don’t, so make it a point to make sure that you have the currency the website accepts. Remember that some bitcoin casinos accept only Bitcoin and no other form of cryptocurrency.
Available Games
This is a consideration that should be made whether you’re playing at a crypto casino or the traditional casino sites you’re used to. The games on offer at a site greatly determine how fun your gaming experience is. A slot-inclined player should not play at a site with a catalog that’s 90% table games. Note here that if a site does not accept Canadian players, you’ll have a hard time working out the types of games available.
Bonuses
Casino bonus and promotional offers are short-term influencers, as bonuses won’t last forever. However, when you have to select between two sites offering the same services, it doesn’t hurt selecting the one offering better bonus offers. Bonuses are mostly welcome bonuses and Free spins.
How To Make A Deposit Using BTC
The deposit and withdrawal process is the main factor differentiating Bitcoin casinos from conventional sites. It should, therefore, not come as a surprise when you realize the means of depositing is different.
To deposit in a BTC casino, you’ll be given a wallet address to send coins of any amount to. Or you’ll have a QR code to scan, which will make it easier to make the payment. Most casino sites use Coinbase Pro for their Bitcoin transactions.
The Best Bitcoin Casino Canada Bonuses
There are no striking differences between the welcome offers available in other online Bitcoin casino sites across the world and the ones we have in Canada. Remember what I said earlier about casino bonuses? They may not matter for long, but they may multiply winnings greatly. That’s, by the way.
Be watchful when selecting a casino; most of the fraudulent sites offer incredibly good deposit bonuses to entice unsuspecting customers. It’s as they say: “if it sounds too good to be true, it probably is.”
Welcome package
This is the bonus offer available to a new player when they join a casino. It is given only after the player makes his first deposit. In some sites, this includes the second and third deposits. Welcome bonuses are typically free spins and cashback, and there are always wagering requirements. An example of a welcome bonus is “100% cashback on first deposit + 100 free spins”.
No Deposit Bonus
The no deposit bonus is offered to new players before their first deposit. It is mostly 20 free spins for most Canadian online casinos. This bonus is not affected by the amount deposited by the player.
Free Spins
Free spins are used to spin the wheel of fortune to see what rewards you get. You may qualify for other bonuses with free spins or earn more spins. Free spins are given along with the welcome bonus and VIP rewards. They are rarely offered independently. It can be as low as 20 free spins and as high as 200 free spins.
Reload Bonus
The reload bonus is offered so players can get back some of the money they’ve lost on bets. A good tactic to ensure players don’t run out of steam.
VIP Bonus
VIP bonus offers vary according to the site but know now that they are always the highest in a virtual gambling website. They offer the highest cashback percentages, the highest free spins like 150 free spins, and get gifts on special occasions.
Cashback Bonus
This offer is available on all your bonus offers. It’s simply the percentage of cash that you get back on deposits.
Others
These would be tournament rewards. Some BTC casinos offer a single tournament for all players at the site, while others break things down according to the game developers.
Best Online Casinos Accepting Bitcoin For Canadian Players
Bitcoin Games — What Can You Play?
In all honesty, the uniqueness of games at a casino is not influenced by the site being a Bitcoin casino or not. Instead, the quality and number of casino games at a website are determined by the game providers providing support to the casino. You may surely come across sites with “crypto games,” but they are mostly games that cannot be accessed with fiat currencies.
There is hardly a game you’ll find in a crypto casino that you won’t get elsewhere — except if the site uses some of the rarest game developers. The most common game categories to enjoy if you have a casino account at Canada Bitcoin sites are:
Common Coin Types
Different sites accept various types of cryptocurrency. The most common five are:
Ethereum
Ethereum is the second most popular and valuable cryptocurrency in the world. It is accepted on nearly all major Bitcoin casinos. Compared to Bitcoin, another popular coin, ETH transactions are faster and more affordable.
Bitcoin
Bitcoin is the most valuable coin worldwide. It has a very high liquidity ratio, yet many would rather have other means of payment. This is because BTC transactions are costly and take a longer time to reflect.
Bitcoin Cash
BCH works on a similar algorithm to BTC, but there are slight differences. What Bitcoin Cash lacks in value (compared to BTC), makes up for in speed and fees of transaction.
Litecoin
Litecoin is a secure coin, which gives it the edge over BTC and ETH in some instances. It is also faster and more affordable to transact in. It is also quite valuable.
Dogecoin
Dogecoin is not as valuable as the four I’ve mentioned above, but it has a promising future. It is fast, highly secure, and affordable.
FAQs
Is Bitcoin Gambling Legal In Canada?
YES! That has to be a huge yes! Canada has been recognized as the most crypto-friendly country in the world. The Government of Canada has indeed set up a framework that firmly supports the use of Bitcoin in online gambling. Here’s a shocker: every online casino in Canada takes Bitcoin because the country does not permit Canadian casinos to offer services to locals in fiat currencies.
Do All Canadian Casinos Accept Bitcoin?
There are two major classifications of casinos when it comes down to payment methods. The first category accepts only fiat currencies while the other accepts cryptocurrencies (and fiat too sometimes). Now, the first category is the first to arrive on the gambling scene, as cryptocurrencies were not very famous back then. Anyway, that’s another story. The essence of this is that not every online casino accepts bitcoin as a means of payment.
What Is Bitcoin?
Bitcoin is the world’s first virtual currency. It is the most valuable and popular cryptocurrency in the world, thanks to its pioneering status. The coin is extremely liquid, meaning it can be quickly converted to cash whenever holders deem fit. Earlier this year, Bitcoin crossed the $50 000 marks. BTC, as it is commonly called, however, takes up to 30 minutes to reflect transactions. This is quite slow compared to other cryptocurrencies. Bitcoin is mostly stored in bitcoin wallets.
Is It Safe To Use Bitcoin for Gambling?
Yes, it is safe to use Bitcoin. Various Governments have long since recognized the legality of Bitcoin and other cryptocurrencies. Some governments have made special provisions for cryptocurrencies. The only security defect you may experience with the use of Bitcoin will be your fault. Your online wallet has to be 100% secured at all times. Giving someone else access to your Bitcoin wallet may be disastrous.
When Was Bitcoin Created?
Bitcoin was created in 2009 by Satoshi Nakamoto, a pseudonym account whose real identity no one knows until today. Bitcoin has undergone many divisions since it was created, and coins like Bitcoin Cash and Litecoin are hard forks of BTC. Most experts believe Bitcoin is so valuable because it was the first to be created. There are complaints that the coin is not as fast or secure as others that have come after it.
Are Bitcoin Casino Deposits Instant?
No, Bitcoin Deposits are not instant. They take a maximum of 30 minutes to reflect. This is one of the major letdowns of the coin, as most coins that have come after it can complete transactions within seconds. Ethereum, the 2nd most valuable coin, takes about 20 minutes to reflect, while new-generation coins are astonishing when it comes to speed. Coins like DOGE are incredibly fast.
What Is Bitcoin Used For?
Bitcoin is used for plenty of reasons, but the basis is that it is a solution for financial payments. As you can see, Bitcoin is used for gambling on online websites, and that’s only the beginning. Bitcoin is mostly traded by traders who have studied its fluctuating market and are ready to sell when the market is favorable. Some hold Bitcoin for long, counting on its value to rise over time. Bitcoin is now accepted as a means of payment on nearly every platform: schools, supermarkets, hospitals, and many more.
Conclusion
The use of digital currency as a casino deposit method still appears odd to many players, especially those who aren’t familiar with cryptocurrencies. To some players, they are simply wary of these sites.
However, there is no need to avoid playing at casinos using Bitcoin. The fear of getting defrauded can be easily resolved by ensuring that you play at licensed casinos only. This means that the ball is in your court when selecting a casino that accepts cryptocurrencies. In fact, you should do sufficient research on the gaming site you’re playing at regardless of the accepted means of payment.
Deposits and withdrawals are a major difference. Crypto casinos accept cryptocurrencies mostly, while some accept fiat currencies too. This is an upgrade to the conventional sites that don’t accept cryptocurrencies.
All other aspects are the same, with tiny differences. You can use a mobile app at a Bitcoin casino depending on the site’s management, and customer support is as it is at other casinos. Graphics depend on the site’s designers too.
In a nutshell, Canadian Bitcoin casinos simply offer a better payment method. You should have absolutely no reason to worry as long as they are legit. You should try out the best bitcoin websites today.
