Everything You Need to Know About Online Crypto Casinos in Canada

Fees

0-2%

Deposit Time

Instant

Withdraw time

Up to 24h

Cryptocurrency is a digital payment form that has made its way into the casino business, and one thing we can almost guarantee is that crypto casinos are here to stay, both in Canada and abroad. It is simple, anonymous and reasonably secure to pay with cryptocurrency like Bitcoin when you gamble online, as long as you know what you’re doing and understand how a crypto casino works. If you are still in doubt about whether to explore this casino group further, we are here to help. This guide will bring you a basic understanding of a complex casino payment method.

 

Best Crypto Casinos in Canada

10

How Crypto Casinos Work

This Is How a Crypto Casino in Canada Works

Most crypto casinos in Canada are regular casinos offering cryptocurrency as one of their payment methods, and this means the casino itself tends to work just like you are used to. You create an account, make your initial deposit, activate your welcome bonus (if eligible) and start playing the games offered in the casino game library.

You have access to the same games (both regular casino games and live casino games) that someone using a different payment method would have, and you can usually make use of any special features on the site. The only difference here is that you won’t be making your deposits and withdrawals with the standard payment methods, as cryptocurrency is a currency of its own.

Casinos Hosted by Blockchain Technology

While most Canadian crypto casinos are regular casinos where you can make your transactions with cryptocurrency, there are also crypto casinos that use Blockchain technology to host their entire platform and game selection. These are less common in Canada at this point, but they do exist and usually only accept crypto payments.

Crypto Casino Games Canada

You Need Cryptocurrency to Use it When Gambling

Unlike other payment methods, you can’t just pick one, make a quick account and start making payments, the way you would with e-wallets and contactless payment options. With cryptocurrency, you need to have a crypto wallet and there needs to already be crypto tokens in your wallet.

As a result, this payment method is mostly used by those with experience with blockchain technology and who are already invested in the virtual world of cryptocurrency, and it’s not something you can suddenly start using as it involves a completely different type of currency that isn’t bound to any bank systems or countries.

If you feel like crypto casinos might be right for you, then it’s advisable to start doing your research on the crypto tokens you are interested in, and start investing. This is a step you will inevitably have to take before you can start making casino payments with crypto.

Deposits & Withdrawals

Depositing & Withdrawing Casino Funds at Crypto Casinos

Making deposits with Bitcoin and other cryptocurrencies is surprisingly easy! Once you’ve located the casino cashier or payment page, all you need to do is to choose the cryptocurrency you wish to use from the menu or list. This shouldn’t take more than a few seconds if you’ve already created your casino account.

Crypto Casino Deposits

Most online crypto casinos will let you save your crypto wallet to the platform, so that you can easily access it for future deposits or withdrawals as well. You’ll then choose the amount (in cryptocurrency) you wish to deposit into your casino account, activate any welcome bonus offer there may be available and then, once you approve it, you’ll be ready to go.

Deposits made with cryptocurrency are instant, and the fees are lower than at other casinos and might even be non-existing. If you can’t seem to find your preferred cryptocurrency in the casino dropdown menu, then chances are they don’t offer it or that it isn’t actually a cryptocurrency casino.

Withdrawing with Crypto Currency

Withdrawing funds is just as easy, and just as fast, as making a crypto deposit. Again, head over to the payment page, locate your preferred payment method, choose the amount and make the withdrawal. You will need to fulfil any potential wagering requirements before you can complete your crypto withdrawal, and the payout will be made in the same cryptocurrency used to make the deposit.

You can expect crypto withdrawals to be much faster than a withdrawal with a bank card, bank transfer or even e-wallets, and to be available in your crypto wallet within minutes at many crypto casinos. You can read more about payout times in the casino terms and conditions.

Crypto No-Account Casinos

No Account Casinos Also Use Cryptocurrency

Now that we’ve covered the registration process at standard crypto casinos, we also want to mention no account casinos as these are gaining ground in Canada. A no account casino is a gambling site that doesn’t require its players to register before playing, and where you can play by simply identifying yourself with your Bank I.D or even your crypto wallet.

Trustly is currently the most popular payment method for No Account casinos in Canada, but cryptocurrency also accommodates the unique terms of a no account casino. It is expected that the Canadian gambling market is going to shift more towards no account crypto casinos in the future, but it might take a while.

Canada Crypo Casinos

Is Cryptocurrency Safe to Use?

Is Cryptocurrency Safe to Use at Online Casinos?

We get it, there is a lot to worry about when dealing with money, and especially on the internet! One of the things you don’t want to have to be concerned with is, of course, how you pay. Cryptocurrency is built on a highly advanced blockchain technology that has truly taken internet security to a new level, and you can rest assured that your transactions are as protected as they can be.

That said, cryptocurrency can be unpredictable, and that’s something you need to be aware of before you start making casino transactions this way. There is no guarantee that your tokens will be worth the same the following day, and the value of your casino funds can and will fluctuate. If you take this into consideration, there is definitely a risk and uncertainty that comes with crypto casino payments, but this isn’t necessarily a bad thing since you can also walk out with a lot more than you had if the market value rises.

Best Crypto Casino Bonuses for Canadian Players

You might be wondering if there are casino bonuses available for those opting to use cryptocurrency to fund their gambling. The good news is that yes, bonuses can be found at crypto casinos too, but the other positive point here is that you might even find additional bonus offers for those using crypto! Crypto payments can make life a lot easier for gambling sites,

Welcome Packages & Deposit Bonuses

The most common type of bonus for cryptocurrency users is the deposit bonus which can sometimes come with free spins, and it can either be in the form of a welcome package or as a reward for those returning to play (a loyalty deposit bonus). Deposit bonuses are activated when you make a transaction to your casino account that meets the maximum and minimum deposit limit. You might even come across exclusive no deposit bonuses. Compared to what you might be used to when using other payment methods, crypto bonuses vary a lot more. Since the currency itself is volatile, there is also no way to say exactly how much you’ll be getting when you make your deposits. Your best bet is to simply keep an eye on the cryptocurrency market, check out the bonus offers on each casino site and pick the one that you find the most convenient at that specific moment. You might also get lucky and come across crypto cashback programs that allow you to receive a percentage of your spent and lost tokens back. especially those catering to an international audience, and they will often reward their players with extra bonuses.

Registering an Account at a Crypto Casino

If you are still reading, then perhaps you have already decided to give crypto casinos a go, and then there are a few things you should be aware of to make the most of your gambling as well as your casino transactions. Below are the steps to creating an account at a crypto casino when you live in Canada.

1

Picking a Crypto Casino

For someone who is already familiar with cryptocurrency and how regular crypto transactions work, the “hardest” part about joining an online casino where you can use cryptocurrency is actually finding one. You run the risk of coming across a few sketchy sites if you’re not careful, and you should always stick to casinos that are licensed by authorities such as the UK Gambling Commission or the Malta Gaming Authority.

Keep in mind that you won’t be fully anonymous on these types of sites even if you opt to pay with cryptocurrency, and if that’s a deal-breaker, then you should look for a casino that exclusively accepts cryptocurrency or a casino without verification.

 

2

Follow the Steps to Register an Account

Cryptocurrency casinos use the same or a very similar registration process as that of other casinos, and unless it’s a no-account casino, you should be able to find the option to register directly in the browser or mobile phone app. The first few steps usually include for you to type your full name and email address, and you’ll then need to verify your email by clicking on the link sent to you by the casino.

3

Complete the Verification Process (If Applicable)

There is a big difference between a crypto casino that only accepts cryptocurrency payments and one that accepts a long list of different payment methods (with crypto being one of them). A regular casino will have you verify your identity by uploading supporting documents as well as your home address, and this needs to be done before you can gain full access to all the different casino features.

Crypto Casino Bonuses

Pros

  • Low to No Fees
  • Anonymous Transactions
  • Fast Withdrawals and Payouts
  • Secure Transactions

Cons

  • High Volatility
  • Harder to Find Crypto Casinos
  • Potential Legal Issues

Other Similar Payment Options for Players in Canada

While we can usually recommend similar payment methods in case a specific one does not convince you, there really isn’t another payment option that compares to cryptocurrency. Crypto is an entirely different type of currency, and a revolutionary way to make borderless payments on the internet.

What we can do is to list a few alternatives if cryptocurrency isn’t the right option for you, and most of these are payment methods you might already be familiar with. We have listed some of the most popular payment types in Canada down below, for those who prefer to skip crypto casinos and cryptocurrency altogether.

  • Debit/Credit Cards

Among Canadian players, one of the top payment methods is still the classic card transaction. Most Canadians already have a Mastercard or VISA card, and it becomes a quick and convenient option to make payments this way. The downside is that it can take a few days for your withdrawals to go through, and that most withdrawals come with a small fee that could build up if you request payouts often.

  • E-Wallets

E-wallets like EcoPayz, PayPal, Neteller, Skrill and Google Pay have been top choices at Canadian casinos for a very long time. Many of these can also be used outside the casino industry, and one thing they do have in common with cryptocurrency payments is the slightly elevated anonymity. You only need your login details to make payments, with no need to fill in your card information or other sensitive data.

  • Bank Transfers

The majority of Canadian banks have some type of agreement with online casinos, which means you can use your regular bank account to deposit and withdraw money when you gamble on the internet. It isn’t the most convenient method, however, because while it is considered extremely safe, it can also be very slow. When you use bank transfers, you also need to remember that your casino transaction will show up on your bank statement.

  • Trustly

As an improved option for those who previously used bank transfers, Canadian players now have access to Trustly! Trustly is a payment service that significantly simplifies a classic transfer to or from your bank, and the greatest benefit is that it is completely free from fees, and your transactions with Trustly are instant.

Subscribe for Extra Bonus

Stay In The Loop With New Casino Sites & Offers!

Free Spins. Exclusive Bonuses. Sent Weekly.

After registering, you will receive 330 free spins without a deposit straight to your inbox.