In this extensive Bitcoin casino guide, we provide meaningful information regarding the nature of crypto casinos in Canada, the best bitcoin casinos, their locations, and the basics of crypto gambling for Canadian citizens.
- Where to find the best bitcoin casino in Canada?
- Are crypto casinos in Canada safe and legal?
- Can you wager without fear of running into any challenges?
Top Bitcoin Casino Sites in Canada
- Top Bitcoin Casino Sites in Canada
- Why Are Crypto Casinos So Popular in Canada?
- Facts About Crypto Regulation in Canada.
- What to Consider When Choosing a Bitcoin Gambling Site?
- How We Review Top Bitcoin Casinos in Canada
- Is a BTC Casino Safe and Honest?
- How Diverse are the Games and Providers?
- Should You Claim a Welcome Bonus?
- Is a Bitcoin Casino Wholly Optimized for iPhone & Android Smartphones and Tablets?
- How Good is Customer Support?
- How to Make a Cryptocurrency Deposit?
- How do I Withdraw Money from Bitcoin Online Casino?
- How to Open a Bitcoin Wallet for Crypto Gambling in Canada?
- What Games Can You Play at Canadian Crypto Casinos?
- How Bitcoin Gambling Works: Tips for Canadians
- Pros and Cons of Bitcoin Casinos
- Which is the best Bitcoin casino in Canada?
- How can you purchase Bitcoins in Canada for gambling?
- What is an advantage of BTC casinos?
Why Are Crypto Casinos So Popular in Canada?
In Canada, about 67% of the population gambles. It is due in large part to the availability of Bitcoin casinos.
Speedy transaction process
When you handle many fiat deposit transactions simultaneously, withdrawals take a long time to process, significantly impacting the overall casino experience.
Introducing Bitcoin as a form of payment in crypto casinos in Canada helped handle the problem of slow response, as Bitcoin can carry out numerous deposit and withdrawal transactions with relative ease.
There are blockchains in cryptocurrency that ensure you have a secure digital ID. For you to be able to partake in a crypto transaction, you must have a public and private key.
Applying this to the crypto casino means that no other person knows when you make a transaction using cryptocurrency.
Freedom to participate
With fiat gambling, you have to be present physically in the casino to process your deposits and withdrawals. However, Canada-friendly crypto casinos make it easy for anybody in any location in Canada to gamble as Bitcoin can be sent and received from any place.
Facts About Crypto Regulation in Canada.
According to section 8 of the Currency Act, “legal tender are coins distributed by the Royal Canadian Mint under the Royal Canadian Mint, and notes issued by the Bank of Canada under the Bank of Canada act.”
According to the statement above, Canada does not recognize cryptocurrency as a legal tender. Individuals and corporations can, however, utilize it to acquire and sell goods and services.
Canada regulates securities laws on a territorial basis as opposed to a federal one. The Canadian Securities Administration is in charge (CSA).
The following is a summary of recent cryptocurrency regulations in Canada:
- 2017: Even though the coins do not represent shares, the CSA warned that ICOs might be subject to certain legal obligations. They further stated that coins may be deemed derivatives and also require regulations.
- 2018: The CSA confirmed that an ICO may involve a distribution of securities not covered by the non-exclusive list of mentioned categories of securities.
- 2019: The CSA issued a term paper to receive responses for the proposed rules and regulations on buying and selling of crypto assets.
- 2020: The CSA suggested that platforms ask for lawful advice on applying securities legislation to ensure that their activities are always in tandem with the legislation.
What to Consider When Choosing a Bitcoin Gambling Site?
Choosing the best one can be difficult to pull off, as many BTC casinos are vying for your attention. The following tips can help you select the best one.
- Solid reputation
There are many Bitcoin gambling sites, but not every one of them is of reputable standing. You have to choose one that is experienced and possesses a standard gambling license also.
- Quality of the product
It would be best if you only gambled on websites with amazing and user-friendly interfaces, with their games of top-notch quality.
- Responsive customer support system
The website you choose must have reliable and responsive customer service if you do have any complaints or questions at any point in time.
- Exclusive Bonuses
Due to the preponderance of many online gambling sites, most of them try to entice potential customers with bonuses. At the barest minimum, there should be a welcome bonus and rewarding VIP opportunities for loyal customers. Crypto casinos like Bitstarz, FortuneJack and 7Bit Casino offer no deposit bonuses.
How We Review Top Bitcoin Casinos in Canada
We focus on the following factors when we review Bitcoin casinos.
- Reliability / Fairness
It is of utmost importance that the Bitcoin casino Canada-friendly & trustworthy, that they dispense their services impartially every single time.
- Variety of games & bitcoin games
- Welcome offer
We examine the welcome offers being presented to us by different casinos. Most new customers expect bonuses and freebies, and we offer you the casinos with top perk available.
We check how well each casino’s site and possibly apps perform on a mobile device or tablet. We try to gauge how easy it is to browse on their sites, as it is important for the overall user experience.
- Customer support
We communicate with customer support and deduce how attentive they are to the users’ needs.
Is a BTC Casino Safe and Honest?
One would typically expect that playing in an online casino and a crypto one, to be more specific, would guarantee a safe environment for gambling. However, that is not always the case.
Some Canadian BTC casinos exist solely to scam their users. Sadly, one can not easily spot the legitimate ones from the illegitimate ones. There have been many instances of online casinos engaging in mischievous practices to shortchange their customers, such as rigging their systems, manipulating the software etc.
To that end, we put in extra effort to determine the safe and honest casinos.
First and foremost, we look out for only licensed and regulated casinos. You must have a full license from the Kahnawake Gaming Commission to operate an online casino in Canada.
Secondly, we inquire about the standard of the reputations of such casinos. We check for reviews of customers too to gauge the past practices of the casinos.
Furthermore, we ensure that the software and games in use are functional to the highest degree. They have to be legitimate and free of any form of alteration by the casino.
How Diverse are the Games and Providers?
The systems of online casinos have been configured to send roughly 80% of their earnings to players, with no more than 99.9% going to the players, while Bitcoin casinos also have a pre-programmed rate.
A drawback for online casinos is that anyone can easily manipulate the programmed rate. At the same time, the latter can’t alter the rate as it is fully digitized.
Some of the games on the BTC casino include Blackjack, Dice, Roulette, Video Poker, Slot etc. We evaluate the games’ algorithms to guarantee that they are of the highest quality and have not been manipulated.
Should You Claim a Welcome Bonus?
Competition is the soul of business, and this is no different for crypto casinos. There are many casino sites vying for customers’ attention, so they employ the tactic of ‘welcome bonus.’
These bonuses are seemingly attractive because it is a marketing strategy. Some of the bonuses are free in reality, while some others are just a facade.
Different incentives are available at BTC casinos in Canada, depending on the customers’ playing style. Some give free coins or spins after signing up, and others offer you back your deposit, etc.
Also, some of these welcome bonuses often have a string attached to the motive. For you to withdraw the coins, you often have to fulfill the terms of the welcome bonus. Most times, this involves depositing a certain amount.
We ensure to examine all possible bonuses and their implications for customers as, more often than not, they are not what they appear to be in reality.
Is a Bitcoin Casino Wholly Optimized for iPhone & Android Smartphones and Tablets?
One of the best features of crypto casinos is that you can gamble with ease. You won’t have to stand in lines because it can address your requirements with a single tap on your device.
Any gambler can now gamble on the go easily with the free download of casino gaming apps like PlayAmo.
It is why we recommend crypto casinos that have good websites and mobile apps that can make the online gaming experience seamless for their customers.
Ultimately, every customer does not want to go through any hassle just to speculate. Technology has made the world more accessible, mostly in the financial aspect.
Therefore, a good crypto casino must be smartphone compatible.
How Good is Customer Support?
Although gambling on your smartphone or tablet is relatively easier than other alternatives, there is still a probability that some unforeseen circumstances may occur. If or when they do, users will have to depend on customer support to rectify such issues.
It is why we are so thorough when it comes to choosing a crypto casino. The customer service must be functional and give timely responses so that it casts the casino in a good light.
We seek to find out how professional and attentive the customer service is, their problem-solving skills, response time, degree of availability, and the best way to contact them. These inquiries will enable us to figure out the crypto casino with the best customer service.
How to Make a Cryptocurrency Deposit?
Step 1: Set up a digital wallet
You have to choose a cryptocurrency wallet as it is from there you can send or receive coins. It is advisable to make use of Coinbase as it is the most prominent one used when gambling.
Step 2: Deposit the coins into the wallet
After choosing the wallet, you have to deposit the crypto coins. If you do not have coins, you can purchase them from reputable exchange platforms such as Binance or BitForex.
Step 3: Create your account
You require an account that you will use to play the games, so you have to create one.
Step 4: Deposit the crypto coin into the casino’s address
After selecting the right casino, it will give you a crypto address to send your crypto coin. Head back to your digital wallet, paste their address in and send the funds to the casino.
Step 5: Begin playing
After setting up your account and depositing the coin successfully, you are ready to play.
How do I Withdraw Money from Bitcoin Online Casino?
Step 1: Log in to your account
You must log in to your account and then navigate the remaining process from there.
Step 2: Go to the financial page
Once you have successfully logged into your account, you should navigate the financial page that shows the “cashier section” or anything resembling it.
Step 3: Choose Bitcoin as your withdrawal method
There are different crypto coins, so you must specify Bitcoin as your preferred withdrawal option.
Step 4: Enter your Bitcoin address
After choosing BTC as your preferred coin, you should enter your BTC address so that the casino can send the funds to you.
Step 5: Withdraw into your bitcoin wallet
Once you’ve entered the correct amount you wish to receive, click ‘withdraw.’ However, if you’re an avid player, you should avoid withdrawing all the funds and leave some on the platform for future bets.
Step 6: Receive the Funds
It shouldn’t take long before you receive the funds. You should then confirm the transaction.
How to Open a Bitcoin Wallet for Crypto Gambling in Canada?
You must possess your private crypto wallet as it facilitates easy sending and receiving of coins during gambling.
Also, you should make a good decision when choosing the one to use. Coinbase is a popular choice as it has about 40 elections of crypto coins.
To open a Bitcoin wallet is not a cumbersome activity, however. Here are some tips for crypto casino players from Canada.
- Sign up for a Coinbase account
Go to their website and sign up. You should remember the details you use and keep them confidential too.
- Link your debit card to the Coinbase account
Doing this makes you easily purchase Bitcoin so you can begin playing.
- Buy the Bitcoin
After setting up your account and linking your debit card with it, you should then buy the Bitcoin without any hassle.
- Write down your seed phrase
A seed phrase is a group of 12 words that store all the information needed to recover crypto funds in case the blockchain wallet stops working. You should write them down and keep them securely in the event of any damage to your Coinbase wallet.
What Games Can You Play at Canadian Crypto Casinos?
There are so many games to play at the crypto casino today. There are newer games that also come with updated versions of older ones.
Playing at a crypto casino makes everything easier because you will be playing from the comfort of your home and without the pressure of having to queue.
To enjoy the benefits of playing at an online casino, you have to possess knowledge about the games, the ones available, and their possible variations and complexities.
This guide will give you some pointers on the types of games you can play at an online casino.
Bitcoin slots are arguably the most popular games at crypto casinos because they have minimal rules and maximum potential for winning. Some of the most popular slot games include Gladiator, Jumanji™, Immortal Romance™, Cleopatra, and the Book of Dead™.
Bitcoin blackjack is one of the most popular gambling card games at Canadian crypto casinos. The game encompasses players trying to obtain cards with a face value of precisely 21 from a deck of 52 cards. It is trendy on the digital scale and has many variations.
Roulette is one of the oldest and popular casino games in which you throw a ball into a moving wheel with holes with numbers. You get to spin the wheel, and if your number comes up, you win.
This is an easy-to-learn game. It is basically in lottery-style and has become an instant favourite.
Many people enjoy the thrill of playing the casino game live in a land-based casino. With it, you have complete access to HD tables where you can bet on your chosen players.
Baccarat is a game that was once played only by French royals. It is now a popular card game played between the player and the banker. It’s a card game with three likelihoods — player with the highest score, banker with the highest score, and tie.
Bitcoin poker is one of the most traditional card games you can play at Canadian Bitcioin casinos. Like traditional poker, crypto poker also involves wagering over which hand is best according to a certain game’s rules. The only disparity is that crypto casinos let you wager on cryptocurrencies.
How Bitcoin Gambling Works: Tips for Canadians
Bitcoin casinos in Canada combine the game-changing features of cryptocurrency, such as the blockchain technology that powers it and the familiar elements of gambling.
It makes an ideal scenario for gambling enthusiasts who want a more secure and efficient way to play their games.
Here are some things for interested Canadians to note about Bitcoin gambling.
People are often scared of delving into BTC gambling because they’re skeptical of its legality. Nevertheless, it is entirely legitimate to own Bitcoin in Canada, trade Bitcoin, or use it as currency for gambling. The Canada Revenue Agency (CRA) acknowledges cryptocurrency as a commodity, implying that it can either be seen as a business income or loss depending on the market scenario.
Utilizing Bitcoin wallets give users extra protection from hackers and fraudsters. It is because these wallets come with public and private keys that protect one’s confidentiality. It often uses private wallets like Trezor or Ledger. You can choose to use an online or offline wallet.
You have to purchase BTC before engaging in BTC gambling. It is best to get it from an exchange platform, such as Binance. You can decide to buy BTC via your credit card, debit card, or PayPal. Since cryptocurrencies are legal in Canada, you can easily obtain them using your credit and debit cards. However, PayPal doesn’t support buying Bitcoin in Canada, probably only in the US.
Choose an Exchange Platform
You must buy cryptocurrencies from credible cryptocurrency exchange platforms, such as Coinbase and Binance. These platforms are often susceptible to hacks and intended fraud, so you will have to use a 2-factor authentication and biometric verification for increased security mechanisms.
Pros and Cons of Bitcoin Casinos
|Bitcoin is safer, faster, and essentially a free payment method. The processes involved in it are seamless.||The Bitcoin gambling market has few regulations to keep fraudulent platforms away. To that end, you must be extremely vigilant and verify your platform’s credibility before depositing funds.|
|Bitcoin casinos give bigger winnings to players than traditional casinos. They do not shortchange the customers in any way.||Bitcoin gambling sites can conceal their identity, making them difficult to trace in the event of any scenario. It also makes them unaccountable.|
|Bitcoin and cryptocurrencies work in a decentralized format, so your crypto funds can’t be regulated by the government, banks or other institutions.||There are no official gambling licenses for Bitcoin casinos. It makes it tougher to identify fraudulent sites that want to rip people off of their funds.|
|Bitcoin and cryptocurrencies fall outside the jurisdiction of tax liabilities and restrictions. Since any form of government doesn’t regulate the currency, there can’t be any tax accrued.|
|Bitcoin gambling offers complete privacy and anonymity. The Bitcoin wallets have private keys (passwords) which keep the details of transactions secure.|
|Bitcoin casinos in Canada guarantee instant deposits and withdrawals of funds, free of hassles or inconveniences.|
Which is the best Bitcoin casino in Canada?
|🥇 Best BTC Casino||Bets.io|
|❤️ New Bitcoin Casino||Megaslot|
|🎁 Best No Deposit Bonus||7Bit Casino|
|⭐ Top Real Money Crypto Casino||Bitcasino|
|🎲 Best Casino Games in Canada||Bitcoincasino.io|
|🎰 Best Real Money Slots||Fastpay Casino|
|👌 High Roller Bitcoin Casino||Golden Crown Casino|
|♦️ Best Blackjack Casino||Punt Casino|
|😍 VIP Casino||MBit|
|🔝 Legal Crypto Casino Canada||Bitstarz|
Alternatives to Crypto Casinos
- Playamo: This bitcoin casino has a collection of 3000+ games, making it one of the largest collections of games in a casino. With a large welcome bonus, it is a firm fan favourite. It also has impressive 24/7 customer support, featuring live chat and emails.
- Tangiers Casino is regulated under the laws of Curacao, making it completely legitimate. Established in 2016, it boasts of a massive welcome bonus. It has a vast range of games from multiple platform providers, including Habanero, Pragmatic Play, and Microgaming.
- Golden Star Casino: Established in 2012 and licensed by Curacao eGaming, you can deposit using 15+ various currencies and play more than 3000 games. It also has 24/7 live chat support and a massive collection of games from over 60 providers. However, it also has higher deposit and withdrawal fees than most casinos.
How can you purchase Bitcoins in Canada for gambling?
The most widely used format of purchasing Bitcoins is via cryptocurrency exchange platforms, such as Coinbase or Binance.
The following is an outline of the Bitcoin purchasing process:
- Create an account at your chosen cryptocurrency exchange platform, for example, Binance.
- Enter your credit card, debit card, or PayPal details.
- Select the amount of bitcoins you want to purchase.
- Buy the bitcoins and pay using your chosen method.
What is an advantage of BTC casinos?
BTC casinos offer several important advantages. Some of which are:
- The users are completely anonymous.
- The funds are safe in the Bitcoin wallets.
- The value of bitcoins is likely to continue rising
- It is faster than other casinos.
- Transactions are free or extremely cheap.
- The government or bank can’t regulate it.
- The government
- can’t tax the users.
- The users can play their games in any location they want.
Are Bitcoin casinos anonymous?
Yes, Bitcoin casinos are completely anonymous.
What does “provably fair” mean for crypto casinos?
“Provably fair” is a technological algorithm that guarantees that all spins in slot machines are entirely fair and random.
Is it safe to use Bitcoin?
Yes, it is wholly safe and legal to use Bitcoin in Canada.
Which license is the most common for crypto casinos?
The UK Gambling Commission, the Malta Gaming Authority, and the Curacao eGaming Control Board are the go-to licenses, with Curacao being the most common.
Do I need to pay commission fees on my winnings?
No, you do not. With the crypto casinos, all of your winnings are solely yours.
Is Bitcoin gambling safe?
Bitcoin gambling is safe if you select a legitimate and stable crypto casino. However, due to the lack of regulation in the bitcoin gambling industry, it is common to find many fraudulent platforms. You must be careful to select platforms that reliable third-party organizations have thoroughly vetted.
How fast are the transactions?
Bitcoin transactions are instantaneous. You can play with Bitcoin the minute you transfer the funds from your wallet to your crypto casino.
Do all online casinos in Canada accept Bitcoin?
Basically yes, the most popular casinos on Canadian market do accept Bitcoin. In Canada Bitcoin is heads and shoulders above other cryptocurrencies in terms of popularity, use, and efficiency and is widely utilized for e-gambling.
Are there any alternatives to Bitcoin?
Yes. Apart from Bitcoin, Ethereum and Litecoin are common in crypto casinos. However, it is dependent on the practices of each casino.
Although Bitcoin is not a legal tender, the Canadian government is making giant strides in that regard.
It signed an agreement in June 2020, recognizing cryptocurrency exchanges as being legal and registering under The Transactions and Reports Analysis Centre of Canada (FINTRAC), which is a big step forward. You can use cryptocurrency to buy goods and services in companies that accept them in Canada.
Such an environment favours the presence of crypto casinos, little wonder why about 67% of the total population engages in gambling. The gambling industry employs about 200,000 Canadians, and in 2017, it generated about $17.1billion as revenue. Logically, that number has only increased over the years.
With the benefits that cryptocurrency brings, coupled with an already favourable gambling ethic, crypto casinos are very lucrative for all and sundry in Canada. Use the tips we have provided, join a trusted crypto casino today, and thank us tomorrow!