Playing at Bitcoin casinos in Canada – Comparing the benefits and downsides?
The appeal of Bitcoin casinos continues to grow among Canadian players, mainly due to the benefits of playing on these websites. Chief among these perks is the speed of transactions.
I’ve played at virtual casinos for as long as I can remember, and there’s nothing as frustrating as waiting days for a withdrawal request to go through. However, this delay goes out the window with Bitcoin casinos in Canada. I’ve had withdrawals confirmed within minutes at some Bitcoin gaming platforms. With other digital currencies, the timeline is slightly longer but not more than a few hours.
Another benefit of playing at a casino with Bitcoin is lower processing fees. Withdrawal fees with eWallets and other fiat payment methods at traditional online casinos can rise as high as 2% of the amount.? With cryptocurrency casinos, these charges are significantly lower. There’s also the anonymity that comes with betting in Canada with a Bitcoin casino. I’ve signed up at crypto casinos with only my email and password – no identity verification documents required. Transactions are also entirely private, with zero traces to your account.
Alongside these perks, other benefits include higher withdrawal limits and heightened security due to the decentralized nature of crypto technologies.
Do downsides exist? Of course. For instance, the crypto market is quite volatile, and price fluctuations can affect your winnings. To summarize, here’s a snapshot of some of the pros and cons that come with playing at an online casino with Bitcoin:
Bitcoin Casino Canada: Pros & Cons
- Faster and safer transactions
- Lower processing fees
- Privacy and anonymity
- Higher withdrawal limits
- Volatile cryptocurrency market
- Requires cryptocurrencies knowledge
Choosing the
best Bitcoin casino in Canada
– Factors to consider?
So you’ve caught the crypto casino bug and want to start playing at Canadian Bitcoin casinos. However, how do you determine which platforms are safe and reliable? Well, rather than test platforms randomly and fall into the hands of scammers, I’ve done some of the heavy lifting for you.
Based on my experience with crypto casinos, I’ve provided my checklist for picking the best Bitcoin casino in Canada. Here are my top four factors to consider to help you make the right choice:
Whenever I curate a
Canada online casino list
for my reviews, I always avoid websites without a valid license. Operating licenses from well-known regulators are the primary proof that a gaming website is trustworthy.
You can expect fair game outcomes and secure transactions at certified Bitcoin casinos because they feature audited random number generators and up-to-date encryption protocols.
I recommend checking for licenses from the Malta Gaming Authority or the United Kingdom Gambling Commission at any cryptocurrency casino you visit. These regulatory institutions have the strictest licensing requirements worldwide. As such, casinos hosting licenses from them will offer robust security and trustworthy services.
If you’ve gone through any Bitcoin casino in Canada reviews, you’ll notice the top-rated platforms typically feature extensive payment methods. Crypto-banking options at these casinos include cryptocurrencies like Bitcoin, Litecoin, Ethereum, Dogecoin, Ripple, and other popular digital currencies. With access to multiple currencies, the best Bitcoin casinos ensure you aren’t limited to one or two options and can switch coins conveniently.
The ability to place bets and claim winnings using cryptocurrencies is the main appeal of Bitcoin casinos. However, that doesn’t mean we should ignore game selection while evaluating these gaming platforms.
Games provide the entertainment at online casinos, and it’s vital to have access to enough options to sustain the excitement. While there’s no rule of thumb for the number of games a Bitcoin casino should have, I’ve always preferred websites with around 1000+ high-quality slots, live dealers, and table games.
If you didn’t know already, cryptocurrency casinos give bonuses using digital coins. Like standard casino promotions, these offers provide opportunities to play and claim crypto winnings risk-free.
I usually compare promos from different casinos to determine the platform with the most opportunities to win some bonus Bitcoin. In my experience, recently-launched virtual casinos have the best promotions because they’re trying to lure customers away from the big guns.
It’s not out of place to find a
new Canada casino
with a massive Bitcoin deposit bonus placed side-by-side with some free spins. So, in your search for the best Bitcoin casino in Canada, I’d recommend looking in the direction of these new gaming platforms.
I’ve curated a list of top Bitcoin casinos in Canada. Keeping the above tips in mind, you can check the banners on this page for my top recommendations.
Our top casinos
1.
2.
3.
15% Rakeback on all games for the first 7 days
4.
200% up to 1?
+ 50 Free Spins
5.
200% up to 25000€
+ 50 Free Spins
Payment methods at Bitcoin casinos in Canada – Bitcoin, Litecoin, and Binance USD
Bitcoin may be a popular cryptocurrency, but it’s not the only deposit and withdrawal option available at Canadian cryptocurrency casinos. In fact, when I first started searching for the best Bitcoin casino in Canada, I found platforms with up to 10 cryptocurrencies for gameplay.
These options have different values, making it easy for players to opt for budget-friendly currencies if they can’t afford to play with popular coins like Bitcoin. Briefly, here’s a list of some digital currencies you can deposit and withdraw with at a crypto casino in Canada:
- Bitcoin
- Litecoin
- Dogecoin
- Bitcoin Cash
- Dash
- Ethereum
- Tether
- Monero
- Tron
- Binance Coin
- Cardano
- Binance USD
Bitcoin casinos and Canadian laws – Exploring local and federal regulations
Provincial laws regulate online casino activities in Canada. Each province has a distinct regulatory body that determines how casino websites operate. For instance, the Alcohol and Gaming Commission of Ontario and the British Columbia Lottery Corporation control the activities of virtual casinos in Ontario and British Columbia, respectively.
That said, across the provinces, the general rule is that online casinos must adhere to provincial regulations to be considered legal. As for crypto-based gameplay, there’s currently no local or federal regulation outlawing it in Canada.
How to play at the best Bitcoin casinos in Canada – A step-by-step guide
Bitcoin gaming platforms aren’t
online VIP casinos
restricted to exclusive players. Once you have basic knowledge of how cryptocurrencies work, you can play on these platforms. In fact, aside from placing bets with cryptocurrencies, everything else is similar to fiat money online casinos. That said, I’ve put together a quick guide to help you seamlessly play at an online casino in Canada using Bitcoin. Here’s the registration and gameplay process:
Create a cryptocurrency wallet and purchase Bitcoin?
You must have a cryptocurrency wallet on platforms like Binance or Coinbase to play games at a Bitcoin casino. Do your research and find the safest wallets to purchase digital currencies for your gaming needs. Once you’ve created a wallet, you can start buying Bitcoin or other cryptocurrencies.
?
Find a trustworthy casino?
I’ve already provided some factors to consider while searching for the best Bitcoin casino in Canada. You can use these criteria to filter the best casinos from the fraudulent options.
Create an account
Bitcoin casinos have less complex sign-up processes than fiat money casinos. Most crypto casinos only require your email and password to create an account, and there’s no demand for identity verification documents.
Deposit your Bitcoin?
After creating your account, you can make deposits at the casino. Depending on the website, you can deposit directly from your wallet or via a third-party platform. If there’s a deposit bonus, ensure you meet the bonus amount to claim the offer.
Start playing games
Now that your casino account has funds, you can head to the game lobby to play games and stand a chance to make a huge win .
Bitcoin casinos vs. fiat money casinos – Pitting both options against each other
While Bitcoin casinos are growing in popularity in Canada, they still aren’t widespread. Regular online casinos continue to hold the attention of the majority of players.
Interestingly, both platforms have their benefits, and there are reasons to prefer one over the other. That said, I’ve put the two options against each other in the table below to give you some insight into their strengths and weaknesses.
| Bitcoin Casino | Fiat money Casino |
| Faster deposits and withdrawals | Instant deposits, but withdrawals via some payment methods can take 2-4 working days |
| Safer transactions due to decentralized technology | SSL and TLS encryption protocols guarantee secure banking, but hacks are slightly more possible compared to Bitcoin casinos |
| Lower transaction fees compared to traditional casinos | Withdrawal processing fees can be as high as 2% of the transaction amount |
| Anonymous gambling, with zero requirements for identity verification | Doesn’t guarantee anonymity, as you must confirm your identity to deposit and withdraw |
| Bitcoin and other cryptocurrencies are usable globally | Some fiat money casinos require you to play games in the currency where the casino is located |
Conclusion – Experience anonymous and safe gaming at Bitcoin casinos in Canada
Playing at a Bitcoin casino in Canada offers numerous benefits. You’re guaranteed anonymous, safer, and faster transactions. Besides these perks, you’ll pay lesser transaction fees. Of course, the volatility of the market adds some risks to using cryptocurrencies.
However, the trick to navigating this downside is to remember that playing at online casinos is strictly for entertainment. Don’t invest too much into these platforms financially, and you won’t suffer any heavy losses. Now that you’ve got the lowdown on Bitcoin casinos, it’s time to dive into some exciting gameplay.
Some of the best casino bonuses around
1.
200% up to $2000
Min. Deposit: $50
2.
100% up to $1000
Requirements (WR): 35x Bonus, Min. Deposit: $20
3.
15% Rakeback on all games for the first 7 days
4.
200% up to 1?
+ 50 Free Spins
Requirements (WR): 35x Bonus, Min. Deposit: 20?
5.
200% up to 25000€
+ 50 Free Spins
Requirements (WR): 6x Deposit, Min. Deposit: 20€
Bitcoin casino in Canada
FAQs?
?? Are Bitcoin casinos safe?
Bitcoin and other cryptocurrencies are built around a decentralized technology that makes them impervious to hacks. Crypto casinos also feature top-tier encryption technologies that safeguard your account from unauthorized third parties.
?? What cryptocurrencies can I play with at a Bitcoin casino?
Most Bitcoin casinos feature Bitcoin and other popular digital currencies. You’ll typically have access to coins like Litecoin, Ethereum, Dogecoin, and Tron at these casinos.
?? Are there any processing fees for Bitcoin deposits and withdrawals?
Yes, you’ll pay transaction fees for your transactions at a Bitcoin casino. However, they’re often smaller than processing charges at traditional casinos.
