Bitcoin Casinos Canada
Bitcoin Casinos At A Glance
| Deposits | Yes |
| Withdrawals | Yes |
| Fees | Yes |
| Payout Time | 1-3 days |
Bitcoin is one of the most secure and most valuable forms of cryptocurrency available today. While the origins of bitcoin are a bit dark, the cryptocurrency has seen a drastic influx of support due to its high value. This prompted the general market to take advantage of this currency; however, there’s still a lot of confusion regarding bitcoin. Many don’t understand what makes it so special and why it’s one of the best methods available to conduct your casino banking. In this guide, we’ll explain why using Bitcoin is a safe and cost-effective banking method.
Best Canadian Bitcoin Casinos
- Same-day withdrawals
- An impressive slot collection
- Accepts Bitcoin and cryptocurrencies
How To Find The Best Bitcoin Casinos?
Finding the best Bitcoin Casinos is much easier than trying to find a casino that uses standard currency and normal banking methods. This is due to there being significantly fewer bitcoin casinos available. These platforms have gained tremendous momentum since their initial inception and many seasoned gamblers have made the transition to these casinos – but why?
The reason for this is simple, there are no banks involved, there’s a slight decrease in the house edge, and it’s arguably the safest form of currency to use as it can’t be stolen and your account can’t be hacked. Below is a list of vital factors that need to be considered before signing up with a Canada BTC casino.
Bitcoin Casinos Licensing
Initially, Bitcoin gambling Canada was almost impossible to come by due to licensing issues. And while there is still limited support for Canadian bitcoin casinos, the market for them continues to grow. Ideally, you’d want to sign up with a licensed casino due to the safeguards that come along with it. The best casinos are licensed by the Malta Gaming Authority, the Kahnawake Gaming Commission, and the Curacao Gaming Control Board.
Joining a licensed casino means that you’ll be gambling in a safe and fair environment. That said, the casino also has to adhere to standards that are set by its respective licensing authority. Casinos can also be licensed by more than one jurisdiction, so don’t be alarmed when you come across that.
Third-Party Auditing
Third-party auditing is essentially another organization stepping in to test the platform and the games that are provided to the player. The reason why you’d want to see a certificate of approval from a third-party organization is that this means that the casino has undergone stringent testing and the organization is satisfied with the results that were produced.
The tests that are done generally revolve around the RNG (Random Number Generator). This digital device is repeatedly tested to pick up any kind of patterns, which shouldn’t happen, as it’s meant to produce random results. The most reputable third-party testing agency is eCOGRA, and any casino that passes their testing is legitimate.
Customer Support For Crypto
Customer support is a vital part of online gambling that’s usually overlooked by new players. It’s usually not seen as a feature; however, we highly recommend that you find out what methods of communication are available before you commit to any online casino. We usually recommend casinos with two or more contact methods, ideally a live chat feature and an email function.
Bitcoin Casinos Game Selection
The game selection is usually the reason why you end up committing to a particular casino. However, there are a few things that you’ll need to keep in mind when looking at the games that the casino has to offer. We recommend that you go with a casino that offers more when it comes to variety, this means that you’ll find different kinds of games at the casino that you’ve chosen, such as slots, Blackjack, Baccarat, Roulette, a Live Casino, and a variety of other games. There are lots of casinos that’ll boast about their collection of 2000+ games, but it turns out that 90% of them are slots.
Top Online Casinos that Accept Bitcoin
Bitcoin casinos Canada aren’t as common as we’d like them to be but there are a handful of really good Canada bitcoin casinos that we’ll list below along with some details about them.
Woocasino is one of the best bitcoin casino Canada as it has a variety of great offers to get you started along with a great collection of games. Established in 2020, Woocasino supports a variety of cryptocurrencies such as Bitcoin, Litecoin, Bitcoin Cash, Dogecoin, and Tether. Furthermore, it’s licensed by the Curacao Gaming Control Board, which means that it’s a reputable online casino. There’s a 24/7 live chat customer service available, which means that you’ll be assisted at any time of the day or night.
Easily one of the top bitcoin casinos, Playamo has been around since 2016 and features over 2000 casino games. Furthermore, this casino supports a wide range of payment methods and currencies, along with its Curacao e-Gaming license, which makes it a legitimate bitcoin casino for the Canadian market. If you’re looking for a casino that offers a wide range of games, then this is one that you should try.
Launched in 2017, King Billy features a variety of bonuses such as free spins and deposit match bonuses. A wide range of games categories is covered, with table games, slots, and live casino titles available. The casino also has a great mobile platform that offers a website that has a smooth interface and a wide range of games, none of which require additional downloads and has slick Bitcoin and crypto banking.
Established in 2019, Lucky Days Casino features over 1100 games in a variety of categories such as slots, video poker, bingo, blackjack, and much more. There is a customer support service that operates according to a set schedule, which is the only downfall of this casino. This casino operates under the licensing jurisdiction of Curacao and takes Bitcoin and other cryotocurrencies.
How To Deposit With Bitcoin at The Casino
Depositing with Bitcoin or any other form of cryptocurrency shouldn’t be very difficult, as you’ll see with the steps that we’ve provided below:
- The first step is to create a bitcoin wallet.
- Head to the online casino of your choice. (Ensure that it supports the use of cryptocurrency).
- Select bitcoin as your means to make a deposit.
- Enter the desired amount to deposit along with your bitcoin address.
And that’s how easy it is to get started on your casino journey with a bitcoin casino Canada.
How to Withdraw with Bitcoin from the Casino
To make a withdrawal, ensure that you have enough funds to complete the process, and then follow the steps below.
- Select bitcoin as your withdrawal method.
- Enter the amount you’d like to withdraw and include your bitcoin address.
- The money should be transferred into your bitcoin wallet within a few minutes.
Bitcoin Casino Fees
Due to the absence of banks, you won’t be paying any additional fees when you’re using cryptocurrency. Bitcoin and other cryptocurrency casinos don’t charge any fees when using the currency. This applies to all dedicated cryptocurrency casinos, including bitcoin iPhone casino and Dogecoin online casinos.
What is Bitcoin?
Bitcoin is the most valuable cryptocurrency that was created a few ago by a group operating under the alias Satoshi Nakamoto. This form of currency operates without any ties to a central bank and there’s no single administrator. Bitcoin was originally used on the Silk Road online black market, as it’s almost untraceable and features unrivaled security.
Unlike traditional payment methods, Bitcoin is a currency and operates with a wallet. The wallet is used to store your Bitcoin, and it’s used with other forms of cryptocurrencies such as Litecoin, Ethereum, Dogecoin, Bitcoin Cash, Ripple, Stellar, Neo, Cardano, and IOTA. Bitcoin was originally mined using graphics cards, but now anyone can purchase a share via a variety of exchanges such as Bitbuy, Netcoins, and CoinSmart.
Types of Cryptocurrency
There are 200 types of cryptocurrency, and while some are very popular, there are others that are unheard of. Each type of cryptocurrency has a set value that fluctuates with the market. Below you’ll find a list of the most popular cryptocurrencies according to their market cap.
- Bitcoin
- Ethereum
- Tether
- XRP
- Chainlink
- Bitcoin Cash
- Litecoin
- Dash
- Zcash
- Polkadot
How to set up a Bitcoin Account
Getting started with Bitcoin or any other form of cryptocurrency is quite easy, just follow the steps below:
- Create an online wallet.
- Once you’ve done this, you’ll need to buy some cryptocurrency from an exchange.
- After this, you’ll be ready to make your first deposit at an online casino.
Bitcoin accounts are easy to access and there are two different kinds, hardware wallets, and software wallets. Hardware wallets are the more expensive option and they usually have a variety of features that make it easy for you to transfer your cryptocurrency from one account to another. Software wallets are perfect for smaller quantities and the “recreational” cryptocurrency user, they’re also free, which makes them great for online casino users.
What Banks Accept Bitcoin?
As of 2018, cryptocurrencies are no longer supported by Canadian banks. Your best option is to use peer-to-peer services that support the use of cryptocurrency. These usually have a rating system to make it easy for you to decide what to use.
Is Bitcoin safe?
Bitcoin, along with other forms of cryptocurrency, is safe regarding their actual security. However, they are extremely volatile, this means that their value can spike and drop at any moment. The wallets used to store cryptocurrency are extremely secure due to the advanced programming that’s incorporated into their architecture. All transactions are also recorded in Blockchains, this means that all transactions can easily be distributed but they can’t be copied.
What Makes Bitcoin the Best Choice for Canadians?
There is a wide variety of advantages that makes bitcoin and other forms of cryptocurrency the ideal choice for Canadians. The main benefit of using bitcoin is the speed at which transfers are completed, traditional payment methods along with standard currency will take a few business days to complete; however, cryptocurrency transactions will take a few minutes.
The security that comes with using this method is the security that comes with it. Cryptocurrency uses advanced security measures to ensure that it’s kept safe from hackers and other forms of cybercriminals. This is also the most cost-effective “banking” method available as there are virtually no fees involved with the use of cryptocurrency. This being coupled with full anonymity and the great bonuses that you can take advantage of when joining a Canada Bitcoin casino.
Overall, Bitcoin or any form of cryptocurrency is great to use when gambling online, as it’s safe, fast, and cost-effective, what more could you want from a payment method/currency.
Bitcoin Casinos FAQ
- How does Bitcoin work?
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Bitcoin is a digital file that’s stored in a wallet (a digital app). Bitcoins can be sent from one person to another and they can be exchanged for other forms of cryptocurrency. Each Bitcoin transaction is recorded in a blockchain.
- How can I buy Bitcoin and other forms of cryptocurrency?
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Bitcoin and other forms of cryptocurrency can easily be purchased via e-wallet or bank transfer services on a cryptocurrency exchange.
- Is Bitcoin safe to use at an online casino?
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Yes, Bitcoin can only be stored in a wallet. This means that the casino that you use must have the proper infrastructure to store the currency.
- Do I need to have a Bitcoin wallet to own Bitcoin?
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Yes, Bitcoin can only be stored in a wallet. This means that the casino that you use must have the proper infrastructure to store the currency.
- Which license should I look for at a Bitcoin casino?
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Most casinos that support cryptocurrencies are issued licenses from the Curacao Gaming Control Board under the Antillephone license. However, some casinos will feature other licenses such as those from Malta and Kahnawake.
- What is the maximum withdrawal amount when using cryptocurrency?
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This amount will vary depending on the casino that you’ve chosen; however, it’s generally between 3 to 5 BTC.
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