New online casinos did not miss out on this trend. Thanks to instant withdrawal casinos, many Canadian gamblers can place bets and make deposits as quickly as possible. Players prefer this payment method mostly because of the advantages such as instant payouts and money transfers, simplicity, and anonymity.
BTC Casino Games
In addition to Bitcoin gambling sites, other casinos also offer players the most popular casino games. On these platforms, you can find blackjack, roulette, baccarat, poker games, table tables, and many others. There are also crypto casinos with slot games, progressive jackpot slots, video poker, and live casino games provided by some well-known software providers. They are credited for quality games that can be enjoyed by players from around the world.
Bonuses and Promotions
It is true that a lot of players are influenced by casino bonuses and promotions. It’s a great way for you to get a head start and to enjoy playing with a larger budget than you usually would, or simply to expand the experience of playing at a casino.
During your stay at BTC gambling sites and other cryptocurrency casinos, you may also take advantage of different types of casino promotions and bonuses. The best new crypto casinos in Canada will offer you a nice first deposit bonus with free spins and many other valuable gifts. Depending on how much you pay in Bitcoin, you could receive even up to 100 free spins plus some excellent exclusive bonuses.
Because of these great features, many crypto casinos choose to allow their players to pay with Bitcoin. Using fast withdrawal casinos, players will no longer have to wait to deposit funds and cash out their winnings.
Is Bitcoin Gambling Legal In Canada?
In Canada, gambling and sports betting laws are still tied to obscurity. Yet, people who like to gamble online are not monitored by their IP address. It’s also a good idea for players to well study the local gambling rules before gambling at a Bitcoin casino not to get into trouble.
Moreover, it is worth mentioning that players who are worried about the legal implications of using cryptocurrency in an online casino game don’t have anything to worry about since Bitcoin is completely legal and is a better way to protect your personal information. Thus, it appears to have been designed specifically for the online gambling sports betting sector, for the players who don’t like to share their bank account details and personal information with casinos.
Currently, there are no regulations prohibiting the use of crypto gambling in Canada, and as a decentralized payment method, Bitcoin is difficult to control for any single institution or authority. Moreover, Canada boasts the best gambling security, including casinos that allow Bitcoin and other digital currencies. However, it would be a good idea to do some research before depositing Bitcoin cash in an unknown bitcoin casino site.
How To Make A Deposit At A Bitcoin Casino
The whole concept of depositing and withdrawing funds has been revolutionized, making it the most convenient deposit method today. By using your e-wallet, you will enter the exciting world of Canadian crypto casinos offering many variations of online games.
Create a Bitcoin wallet
This wallet is comparable to an account at a bank, and they're all the electronic currency is stored until it is spent. Bitcoin wallets now come in many forms, such as Web Wallet, Mobile Wallet, Software Wallet, and others.
Join in an online Bitcoin casino
After registration, you will be able to access the cashier page and select "Bitcoin" from the list of payment methods. The website will provide you with a link to your e-wallet.
Make your deposit
To make a deposit into your online casino account, simply input the address into your Bitcoin wallet's "sending Bitcoin" tab and confirm the transaction.
Enjoy your Bitcoin funds!
In a matter of seconds, your funds will be available at the Bitcoin casino, and you can go on an adventure right away. This is mainly because Bitcoin works via peer-to-peer transmission. Additionally, there is no provider fee or cost for instant withdrawals and deposits, unlike other services.
FIAT vs Bitcoin Casinos
If you have used traditional currencies and payment methods so far, you are probably wondering what are the benefits of Bitcoin compared to FIAT. Here we will discuss the difference between a crypto casino and a casino that only accepts fiat currency when it comes to gambling and which one you should pick.
Pros and Cons of Bitcoin Casinos
- You have full control of your money and transactions as Bitcoin is decentralized
- Bitcoin protects you from identity theft as the transactions do not require you to submit any personal data
- All your transactions will be done in just a few minutes
- Bitcoin is not taxed
- Its price goes up and down primarily due to the limited amount of Bitcoin in circulation and the growing interest in them
- Though the Bitcoin network has been around for quite some time, it is always undergoing changes
- Bitcoin may not be an optional payment method at some online casinos
With the advent of online Bitcoin casinos, Canadian players can now play real money games with all kinds of lucrative bonuses. Besides the Bitcoin casinos, Canadian players can now gamble with new sites that accept Ethereum, Dogecoin, and Litecoin.
This type of online casino offers an even higher level of security when gambling. Bitcoin is not controlled by any government, central bank, or other centralized entity, so you are in complete control of your coins as long as you store them in a secure wallet that will not be accessed by anyone else. Additionally, you are not required to provide any personal information in order to use Bitcoin.
In addition to all the great features and benefits we have listed, you can also enjoy the many games provided to players. All in all, crypto users will definitely enjoy a number of facilities that will make your time spent at the online Bitcoin casino even better. If you haven’t yet, it’s a good time to start thinking about switching to this type of payment.
Are casinos with Bitcoin legal in Canada?
Despite cryptocurrencies not being accepted by Canadian banks, BTC casinos are legal in Canada. They are safe, secure, and licensed by well-known gambling authorities.
How can I buy Bitcoin?
The easiest way to get Bitcoin and other alternative coins is to use an electronic wallet. Credit cards, bank transfers, and almost all other payment methods can be used.
What do I need when depositing Bitcoin?
Putting BTC into your casino account doesn't require entering any extra information. The transaction happens automatically when you authorize it through your e-wallet. When depositing, you don't need to verify your casino account, but you do when withdrawing your winnings.
Do all online gambling sites offer Bitcoin as a payment method?
Currently, not all Canadian casinos support Bitcoin, but the situation is steadily improving in terms of supporting cryptocurrencies. The fact is that more and more players are switching to this type of currency, and therefore online casinos are increasingly trying to enable their players to gamble with Bitcoin.
How does a Bitcoin casino no deposit bonus work?
Bitcoin no deposit bonuses are bonuses offered by Bitcoin casinos without requiring players to make a deposit. This means anyone can sign up for a bitcoin casino and claim the bonus without any financial commitment whatsoever. Despite the fact that these bonuses are seldom and much smaller than regular welcome bonuses, they remain a favourite among players.
How long do I need to wait to deposit or cash out?
When you have a wallet account ready to use, depositing and cashing out Bitcoin don't take long. For smaller amounts, this payment method is for sure the fastest way to deposit and cash out. However, it may take up to 10 hours to deposit or cash out Bitcoin for larger amounts.
Can I play at Bitcoin online casino from a mobile phone?
Many Bitcoin casinos and applications are available for modern smartphones, including Android and Apple phones. You can download those apps from stores such as Google Play and App Store. You can also download some applications directly from a company's website. If a casino does not have its own mobile application, you can be sure that you can enjoy gambling via an internet browser without any problems.
Is there a minimum amount I need to deposit?
Usually, Bitcoin casinos have no minimum deposit requirement. However, several casinos impose a minimum deposit amount. To find out whether your casino does this, you should check their website.
Is it legal to gamble using Bitcoin?
Yes, Bitcoin gambling is completely legal, just like gambling with FIAT currencies. At the moment, there are no laws restricting gambling using Bitcoin.
Is Bitcoin gambling taxed?
No, Bitcoin is a decentralized currency; therefore, any winning you get from an online casino is completely tax-free.