Bitcoin Casinos | A Comprehensive Guide for Canada Casinos

Fees

0%

Deposit Time

Instant

Withdraw time

Instant

Bank transfers are the oldest and most common payment method in online casinos. However, there’s a new payment method that has been causing a stir. Bitcoin casinos have blown up in recent years, especially in Canada. About 1.2 million Canadians, which is 3.2% of the total population, use cryptocurrency. Moreover, it is estimated about 2.9% of Canadians own Bitcoin (BTC) cryptocurrency. Punters can now use Bitcoin to play popular casino games and we’re here to tell you how to be one of them.

 

Best Bitcoin Online Casino Sites for Canadian Players

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How do Bitcoin Casinos Work?

How Do Bitcoin Casinos Work?

Before using Bitcoin casinos, you need to have in-depth knowledge of how to use and own cryptocurrency.

Created in 2009, Bitcoin is a decentralised digital currency stored in thousands of computers across the globe. It is used to safely make anonymous online transactions such as sending and receiving money through the internet.

If you still don’t have Bitcoin, you can start by choosing a trusted platform to purchase cryptocurrency. Think of it as a place similar to finding a reliable broker in buying stocks online.

Choose from some of the most trusted platforms such as eToro, Binance, Coinbase, or Kraken, and then open an account with them. You’ll be needing your bank details in order to purchase Bitcoin from them for minimal transaction fees.

Next, you have to keep your purchased Bitcoin in a virtual wallet. Keeping cryptocurrency in a wallet keeps it safe and secure since it uses private keys to access it.

The virtual wallet does not actually contain your Bitcoin purchase but only a bridge to your blockchain, a digital ledger of transactions. The virtual wallet keeps a record of your transactions and can only be accessed through keys or codes.

Creating an Account at a Crypto Wallet

Making Online Casino Deposits with Bitcoin

You can choose from a virtual wallet or a hardware wallet that is similar to a USB, which is also thought to be more secure. Now that you have Bitcoin, you can start playing with Bitcoin casinos.

Before making a deposit, make sure to choose only trusted Bitcoin casinos from our list above.

Moreover, read their terms and conditions, especially wagering requirements, to know if it suits your gaming style and your gambling budget.

Every time you make a transaction, it is added to the ledger or blockchain, making it impossible to steal. Moreover, Bitcoin casinos usually don’t charge transaction fees when you make a deposit.

If you’re ready to make your first deposit, follow the steps below:

1

Log in to your Bitcoin casino account and head to the cashier page.

2

Select the deposit option and choose a cryptocurrency or Bitcoin. Then, select a crypto wallet that works for you.

3

Scan the provided QR Code using your Bitcoin wallet or transfer your Bitcoin to the address given by the casino.

4

Wait for the transfer to reflect in your casino account and claim your welcome bonus to start playing.

Withdrawals At A Bitcoin Casino Site

The casino usually verifies your withdrawal request whether you followed the wagering requirement or not. Withdrawing Bitcoin is usually free of charge.

If you are ready to withdraw your winnings and have met the wagering requirements, simply follow the steps below:

1

Earn enough BTC to be able to withdraw and meet the minimum withdrawal amount. Make sure you follow the wagering requirements before requesting a withdrawal. If you attempt to withdraw without following the rules, they may forfeit your bonus winnings.

2

Log into your Bitcoin casino account and go to the cashier page. Select the withdrawal option and choose Bitcoin as the currency. Enter your wallet’s address and the amount for withdrawal.

3

Confirm your withdrawal request and wait for the casino to approve your transaction. Once the Bitcoin casino approves your withdrawal request, your winnings will be instantly transferred to your virtual wallet.

Bitcoin Bonuses

Do Canadian Bitcoin Casinos Give Bonuses?

One of our criteria in choosing the best Bitcoin casinos is the bonuses and promotions they offer. We have compared casinos and filtered the ones with the most generous offers to make the most of your winnings.

You must be wondering why casinos give bonuses for free. Simply put, it’s one of their ways to attract players and create loyal players. They keep players by giving them satisfaction with a variety of big and small bonuses.

Whether you are a new or existing player, there is a bonus fit for every kind of player. Moreover, these bonuses are usually played only with a specific game assigned by the casino.

Welcome Bonus

Bitcoin casinos offer a welcome bonus package that is only given upon making your first deposit. Check the casino’s deposit limits to know how much you need to deposit to claim your welcome bonus. Your winnings through the bonus need to be wagered a number of times before you can withdraw them.

No Deposit Bonus

If you choose Bitcoin casinos that don’t require a deposit, they can reward you with a no deposit bonus and offer the same bonuses and promotions. The bonus can only be used with some specific games such as new slot games. Some players prefer this type of bonus since it allows you to play risk-free before making an actual deposit.

Cashback Bonus

Bitcoin casinos make sure that all players are winners by refunding a percentage of the player’s losses, even if it’s only a minimum deposit. It’s a way to avoid big losses, especially if you are on a losing streak. Only licensed casinos offer this; so, make sure to play with the reliable casinos we recommend.

VIP or Loyalty Bonus

Bitcoin casinos have bonuses for existing loyal players. A VIP package is given to encourage loyalty and commitment by rewarding points, free merchandise, VIP exclusive rewards, coupons, and many more.

Some casinos offer different tiers of VIP programs, which is similar to an airline frequent flyer program. Each VIP tier has a unique loyalty package players benefit from.

The more you play and earn loyalty points, the higher your VIP level is. Thus, the more rewards you receive.

Pros & Cons

Pros and Cons of Playing at Bitcoin Casinos Canada

Before deciding to play with Bitcoin casinos from our list, get to know more about the positives and negatives of using BTC as a payment method.

 

Pros

  • Anonimity
  • Fast Transactions
  • Investment Opportunity
  • Security

Cons

  • Volatility
  • Not so Readily Available in Canada

Bitcoin casinos are still one of the most reliable types of casinos in Canada because of the top-notch security measure it promises.

To experience only the positives and not worry about the negatives, choose only the most trusted online casinos.

Alternative Payment Methods

Similar Payment Options At Online Casinos

Although Bitcoin is the most popular digital currency in Canadian online casinos, it is not the only cryptocurrency accepted by them. Most Bitcoin casinos also accept other cryptocurrencies such as Ethereum (ETH), Dogecoin (DOGE), Dash (DASH), and Litecoin (LTC). You can use the same payment and withdrawal process with these cryptocurrencies. To learn about the accepted currencies, simply go to the banking or payment page of the online casino where you’ll find information on transaction fees, speed, and other relevant information about them.

If the casino doesn’t support your cryptocurrency, you can always use other regular payment methods like bank transfers, credit cards, and e-wallet. Your information in these payment methods is always kept safe and secure, as long as you play with licensed online casinos in Canada.

Signing Up at Bitcoin Casinos

Should you decide to open an account with Bitcoin casinos, make sure they allow the cryptocurrency you have and that you accept their terms and conditions.

To get you started, follow the simple steps below on how to open a casino account and start playing.

  1. Select a Bitcoin casino from our list.
  2. Click sign up or register.
  3. Complete the sign up form.
  4. Make your first deposit and wait for the money to reflect into your casino account.
  5. Claim your welcome bonus and start playing!

Once you accumulate enough winnings, don’t forget to withdraw them only after following the wagering requirements and completing the online casino’s registration process.

Bitcoin casinos still follow the same verification process of withdrawals before approving a withdrawal request of any player.

Are Bitcoin Casinos Safe?

Are Bitcoin Casinos Safe?

Whether paper or virtual money, safety is the top priority. Bitcoin promises the same safety features as other payment methods, in fact, even better than most.

BTC is difficult to steal with its digital ledger and anonymity. Plus, the private keys are created and encrypted locally on your mobile device. The private keys are always kept secure since they are never saved in the cloud or the internet, making sure you maintain 100% ownership.

Bitcoin is a trusted payment method that is legitimately used in Canadian online casinos. As long as you play with licensed online casinos in Canada, it adds extra layers of security and assurance that your money is safe.

  • 3.89% of Canadians use Bitcoin cryptocurrency.
  • Bitcoin (BTC) grew by 226%.
  • There are 14,915 Bitcoin ATMs worldwide.

It’s no secret that Bitcoin is the best payment method with these awards:

  • Bitcoin garnered the title of the Best Investment of 2013, which is given by Forbes.
  • BTC became the most expensive cryptocurrency at US$48,907.53 or C$62,038.22 per BTC.

With BTC growing in numbers, it’s no wonder Bitcoin casinos are also developing rapidly. It’s one of the safest and most secure payment methods using advanced technology that is difficult to breach.

Choosing a reliable hardware or software wallet and licensed online casino are other extra layers of security that will keep your BTC safe. It’s extremely convenient to use BTC since it is accessible anywhere and anytime.

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