For Canadian players, BTC is not such a new term. Many of them hold Bitcoins and would love to use them in a crypto casino. But as a concept, Bitcoin casino Canada is just starting to thrive. We’re seeing more new casinos accepting this payment method. Not all of them list it in their banking systems, but there’s progress.
Good news: gamblers in Canada can gamble online with this banking method. They aren’t breaking any laws by doing so.
We’ll review this banking method and talk more about casinos that accept it.
How We Test Canada’s top BTC Online Casinos
Although not every Canadian online casino accepts cryptocurrencies, you can still choose between few BTC online gambling sites for Canada. Our reviews help with that choice. In each Canada Bitcoin casino review at our website, we pay attention to these parameters:
Welcome and no-deposit bonuses
This is a competitive industry. Online gambling sites try to attract more players. That’s why they offer no deposit bonuses. In most cases, these are free spins available as soon as players signs up. When they make their first deposit, casino will match it with free cash in their balance.
Safety and Security
Are there any popular progressive jackpot slots featured by this casino? How much money can gamblers win?
Welcome bonuses wear out pretty quickly. What happens after that? Reputable casinos have amazing membership programs for their loyal users.
For an online casino to be safe and reliable, it has to operate under a valid license. What authority licensed the site we’re reviewing?
Do gamblers access responsive customer support systems at casinos they try out? That’s really important. If there’s a customer service department working 24/7, it’s even better. Most players like gambling at night, so normal working hours don’t work for customer support centers.
What developer provides casino games? Some sites stick to a single developer, but others will feature several of them. The most popular software providers include: NetEnt, Microgaming, Playtech, RTG, Yggdrasil, and more.
What’s the offer? Can you play progressives slot, table games, and live dealer games? Can you access games via any iPhone, iPad, or Android mobile device? We check these things out, so gamblers don’t waste time testing different websites.
Casinos that accept Bitcoin will treat you with promotions when depositing your first money. Each casino has its own policy. Most will match your first deposit with an equal amount in your balance, but will put a limit. For example BitStarz offers a welcome package of up to $500 (or 5 BTC), plus 180 free spins.
By reading reviews of top-rated CA casinos, players can see where they get cool welcome bonuses. We also offer info about playthrough requirements, so you’ll know when you can get funds from those promo spins and money on your account.
What Is Bitcoin? How Does It Work?
Reading about Bitcoin gambling sites is interesting, but useless if you don’t know what Bitcoin is. It’s a global system of a digital currency. It works as online money, which people can safely receive and send over the Internet. It is safer and faster than any other banking method. All transactions are anonymous. They hold private keys and no one can get information about the path of that transaction without holding that key.
In addition to Bitcoin, there are other reputable cryptocurrencies: Litecoin, Tether, Ripple, Dash, Etherum, Bitcoin Cash, Payeer, Ilixium, and more.
Types of Bitcoin wallets
Many Bitcoin holders choose hardware wallets as the safest method to store cryptocurrencies. This is a physical device that looks like an external drive. There’s a different format: software wallet. It’s a program that users download and install to their computers. All info in it is encrypted.
If you choose to store it on an online wallet, you get more convenience. An online e-wallet is still safe, since it won’t download blockchain data. You can access your cryptocurrency whenever you want to, so it’s preferred as a method for online gambling.
How to setup a Bitcoin account
At Bitcoin’s official website, there’s a section called Get Started. It holds valuable information for those who are new to this method. Once you have cryptocurrencies, you can easily use them for online casino real money in Canada. After choosing the best Bitcoin casino Canada, you’ll choose this banking method for your first deposit.
Benefits of Using Bitcoin Banking Method in Casino
- This is a trusted payment method for online gambling. If you choose a safe wallet, no one will steal it or hack it. Your identity is kept safe because the system never links back to you as a person. Bitcoin is 100% legit to use at a Canadian online casino, as long as you choose legal sites with proper licenses.
- Banks aren’t getting any fees out of this, since they aren’t involved in transactions.
- Since banks aren’t involved, it also means that all transactions are instant. There’s no wire that imposes a waiting period.
- Online casinos give special promotional offers to Bitcoin gamblers. There’s also a slightly lower house edge. This increases your chances to win, especially if you’re playing a lot.
Bitcoin Canada Casino Depositing and Withdrawals
When people play online for real money, they want to know how deposits and withdrawals occur. Although this e-currency seems complicated, its system is pretty simple.
How to withdraw money from casino account using Bitcoin?
Did you win Bitcoins? You want them in your wallet? Each casino has its own withdrawal policies, but they are effortless in most cases. Log into your account and hit Withdraw. Enter your wallet’s address, and choose your preferred currency. Remember: you can gamble with BTC, LTC, ETH, BCH, and other cryptocurrencies. Enter the amount for withdrawal. Once this casino clears it out, the transaction will be instant.
How to deposit money to a casino account using Bitcoin?
Before making any payment, read reviews and choose the best bit casino. Read through the terms, so you’ll know what your rights as a user are. Then, create a real money account and choose Bitcoin as your preferred method for a first deposit. Enter the deposit amount and provide the Bitcoin address.
What are the commission fees?
No. Since banks are out of the equation, no authority can claim fees for the transactions. Only the casino might impose a fee, so make sure to read the terms before you make your deposit. Even if the casino sets a fee, it will be minimal and cheaper than any other banking method.
The concept of Bitcoin gambling is getting popular. Despite all issues it faced throughout its growth, this cryptocurrency kept increasing its value and it changed the global economy. Some experts predict that Bitcoin will be floated on the Nasdaq. That would boost its reputation further.
When it comes to online gambling, cryptocurrency is cool because it’s the cheapest and safest method for gambling. No other payment system beats it. Any e-wallet, credit/debit card or prepaid card would have dollars or other “real” currencies on it. The fees will be small, but still larger when compared to cryptocurrency gambling.
Although the concept seems kind of abstract, it’s real money. So if you were interested about getting Bitcoins, knowing that you can use them for gambling might trigger the final decision.
Q.: What is the difference between µɃ and mɃ?
A.: When you want to make gambling transactions at Bitcoin casinos, you’ll see two different options when choosing the currency.
µɃ is micro-bitcoin, and it’s valued 0.000001 of Bitcoin. If you make a deposit of 1000 micro-bitcoins, you’re playing with the value of 10 USD.
mɃ is milli-bitcoin, also known as millie or millibit. To play with an amount equal to 10 USD, you need to deposit only one milli-bitcoin. It’s 0.001 of a whole Bitcoin.
These things may seem overwhelming when reading about them for the first time. But there’s nothing to worry about. Bitcoin’s website is full of information to get you started with cryptocurrency.
Q.: Online casino vs Bitcoin casino: which is the best?
A.: Essentially, it’s the same thing. The only thing that differs is the banking method. If you already use Bitcoin, then it’s the best payment system for gambling transactions. It’s safer and instant. If you’re new to the system, there’s a learning curve involved so you might decide to stick to old-fashioned online casinos.
Q.: How do I use Bitcoin for poker?
A.: Poker is the most exciting part of online casinos. The best sites offer live poker rooms, where you sit with real players and dealer. The way to access this game is no different than accessing any other game at online casinos. Once you make the deposit with Bitcoins, use it to place bets.