Canada has a thriving online casino industry. There is a range of fantastic online casinos that accept Canadian dollars. As you will see below, this is due to the popularity of the Canadian Dollar as a stable currency. In this review, we look at popular casino deposit methods that use Canadian dollars. Furthermore, we look at why this currency is beneficial, and what you should look for to avoid being scammed. Finally, we also analyze the different payment methods like Interac and Visa that you can use to play casino games for real money with CAD.
Top-rated casinos that takes Canadian dollar
What is the Canadian Dollar?
The Canadian Dollar is the official currency of Canada.
This currency was introduced in 1858 and has been the national currency ever since. The main unit of currency is 1 CAD, and the subunit is 100 cents. Current banknotes include $5, $10, $20, $50, and $100. Moreover, current coins include 5c, 10c, 25c, $1, and $2.
Canadian Dollars are denoted as AD. Furthermore, it is one of the most important currencies in the world – it has the 5th largest reserve behind the USD, Euro, Yen, and GBP. The currency is popular because Canada itself has a stable economy and a strong central government. This is why it is widely used for payment systems and gambling deposits.
What are the benefits of playing with Canadian dollars in casinos?
So why should you look for platforms that allow you to transfer money in CAD? Why not just use other platforms that accept USD, or Euro? The following are some of the main benefits:
- Quick processing speeds
- Don’t have to pay extra for currency exchange
- Can use your national currency
- Enjoys a stable exchange rate
- Widely accepted at high-quality casinos
- Great range of CAD bonuses
As you can see, the benefits are numerous. Firstly, the payment systems used with CAD are often efficient and allow for the quick deposit and withdrawal of cash. Secondly, if CAD is your national currency, it means you don’t have to worry about foreign exchange rates. You can literally pay in CAD, and receive CAD back into your bank account to spend!
In addition to this, CAD is a stable currency that is widely accepted and enjoys stable exchange rates. Using other currencies could result in wild fluctuations in the actual value of your cash. Finally, CAD is widely accepted at the best casinos. If you want to play casino games for real money, using CAD is one of the best currencies to use.
What payment methods are commonly accepted for CAD Casino deposit?
If you want to make an online casino transaction with Canadian dollars, you must be aware of the typical payment methods used. For gambling transactions, we have listed the most popular banking methods for CAD:
Interac is an equivalent to Visa but for Canadians. It is a popular payment system used throughout Canada. Many platforms use Interac as their main payment processing tool.
Visa and MasterCard are two of the best payment options for gamblers. Visa is possibly the most used payment system in the world. Furthermore, MasterCard is widely used and accepted by practically every casino.
InstaDebit is a secure payment system available for players in Canada. It acts similarly to PayPal in that it is an e-wallet. Users set up bank accounts for their InstaDebit account, and payments are then taken directly from these accounts.
iDebit is a platform similar to InstaDebit. It allows players to make secure online payments and is specifically for Canadian nationals.
Skrill is a popular money transfer platform that is widely used around the world. As with PayPal, you must first tie a bank account to your Skrill account – you can have multiple bank accounts associated with your Skrill account.
PaySafeCard is a simple and effective payment method. You purchase a PaySafeCard with a pre-paid value of $10, $20, or $50 CAD. You can then use this card to purchase goods and services online.
EcoPayz is another popular international payment method used by Canadians. It has excellent security and allows users to quickly and effectively transfer money to online casinos.
Do Canadian dollar casinos have withdrawal/deposit limits?
You must look at the minimum and maximum limits for both deposits and withdrawals. Some platforms impose limitations for withdrawals, for example – so that you can only withdraw a set value per week.
Online casinos that accept Canadian Dollars generally have favorable withdrawal and deposit limits. For deposit limits, there is usually a low minimum of $10 or $20. This means you can play with a small amount and test the casino before investing more cash.
Depending on the withdrawal method, there are usually favorable limits on withdrawals too. Generally, the minimum withdrawal limit will be $20 or more. Furthermore, maximum withdrawal limits usually peak at $5000 per week. To be sure, check the banking section or terms and conditions of the platform.
Are there any commission fees?
Now that you understand a little more about the payment methods available, you need to understand the cost implication. Generally, a casino that takes Canadian dollar will not charge commission fees. If you withdraw winnings, you will get 100% of that cash.
It is prudent, however, to check on transaction fees from the payment provider. Some payment providers do charge a small fee. When using PayPal, for example, there is a 3% fee on base transactions, unless you are making a payment to a friend or family member.
What are the best casino bonuses for a Canadian dollar casino?
Most online gambling sites offer bonuses and promotions. These offers allow players to make their money go further. We have listed some of the main promotions that Canadian casinos typically offer:
Welcome Bonus – This is one of the most common offers provided specifically to new players. Usually, new players may receive bonus funds relating to their first deposits. This could also include free spins on popular slot games.
Matched Deposit Bonus – Another main type of bonus is the matched deposit bonus. These are typically high-value and can provide players with bonuses up to $1000 or more. For example, a casino could offer a 100% matched bonus up to $1000. Therefore, if you deposited $1000, you would receive a $1000 bonus – giving you $2000 to play with.
Are there live casinos that accept CAD?
Yes! Live casinos are extremely popular – these platforms feature live dealer games. Live games provide an immersive experience – you connect to a live human deal via a video feed and interact with them. They act exactly like dealers would at a physical casino. Examples of live dealer games that accept CAD includes:
Ensure you do not fall prey to scams when using a CAD casino
Finally, you must understand how to remain secure. Some platforms are not reputable and will actively try to scam customers. There are several ways you can avoid this.
Firstly, popular online casinos that accept Canadian dollar payments should be licensed. An official license from a regulatory body shows that the platform is regulated and complies with certain standards. Secondly, you should check the RNG usage – RNG determines the outcome of games and ensures truly random results. Ideally, the website should have an RNG system that has been audited by a company like eCOGRA.
We hope you have found this article useful. You should now have confidence in choosing casinos that accept Canadian dollars. Furthermore, you should have a greater understanding of why these platforms are beneficial, and the CAD deposit options available.
- Q. Which gambling sites accept the Canadian dollar?
- A. Many casinos, including El Royale, Fortune Legends, Slots.LV and Rich Casino accept CAD
- Q. Canadian dollar casino withdrawal times?
- A. The best casino websites typically have quick withdrawal times. Online casinos in Canada also have fast withdrawal times – typically, you can expect to receive your money within 48 hours of requesting the withdrawal.
- Q. How do I fund my Canadian dollar account?
- A. You have to use one of the available deposit methods provided by online gambling sites. Each site will offer payment systems like PayPal, Bank Wire, or eCheck. You would fund your account using one of these deposit methods.
- Q. Are my personal details safe?
- A. Yes, providing that the mobile casinos have adequate security. Most online casinos for real money have excellent security including SSL-encryption and payment protection.