In recent years, Bitcoin has exploded in popularity and acceptance and it's no different at the best Canadian casinos. These days, players can pay and receive bonuses in Bitcoin and it's quickly becoming a staple at almost all new casinos in the country.
In this Bitcoin casino review for Canada, we explore why more and more casino players are choosing to deposit and withdraw money with Bitcoin.
Advantages of Bitcoin Casinos in Canada
Using Bitcoin as a payment method at Canadian casinos is unique and very different when compared to other payment methods. Because it is still quite a new payment method, some people may be nervous to use it. Its unique system for depositing and withdrawing money presents distinct advantages, some of which include:
Anonymity
One of the major benefits of using Bitcoin casinos in Canada is the anonymity it provides- which it is truly famed for. While credit card payments and EFTs can very easily be linked back to the original person transferring the funds, payments made out of a Bitcoin wallet are practically untraceable. All you need to provide is a user ID, but this needn’t even be your real name- you can use an alias, nickname or something completely made up. For people who want privacy when it comes to their online spending and transactions, Bitcoin is a great payment option.
Security
At Bitcoin casinos in Canada, payments are facilitated by the Blockchain system, which is basically the ledger for all Bitcoin transactions. Cryptocurrency miners check the transactions and transactions have to be checked by many miners before they are deemed good enough to be added to the ledger. This makes the process so secure. It is virtually impossible for anyone to hack into your Bitcoin funds and it is also virtually impossible for Bitcoin casino users to spend funds they don’t have.
Speed
When it comes to making payments online, everyone knows that it’s the faster the better. Bitcoin did have problems with their payment speeds last year but they have reassessed their systems and Bitcoin payments are now back to their usual impressive speeds. Bitcoin payments take around a few minutes to be processed- which is slightly longer than credit card payments but still quicker than EFTs and other payment methods.
Low Fees
Most Bitcoin accepting casinos do not charge anything for making a Bitcoin payment, while others may charge a small percentage of the deposit amount. Bitcoin transaction charges are also non-existent or minimal from the Bitcoin wallet side of things. In comparison to things like credit cards an EFTs, Bitcoin’s prices are impressively low in general.
How to Deposit Money at Bitcoin Casinos
Each Bitcoin casino will be slightly different when it comes to the deposit and withdrawal process. But the general process would go along the lines of:
- Go to the ‘deposit’ option at the online casino of your choice. It is usually located in the top right hand corner.
- Choose ‘Bitcoin” as your deposit option of choice.
- You’ll be redirected to your Bitcoin wallet where you’ll be asked to enter your ID. It is essential that the wallet you are using is compatible with the online casino
- A QR code will also be generated that you can scan.
- You may need to confirm via your phone or email address or both as most Bitcoin wallets are secured by 2 step verification.
- Wait for payment to process and you’re done.
- Continue to play your favourite games using Bitcoin funds in your account.
Our Favourite Bitcoin Casino in Canada: CasinoChan
CasinoChan is our top pick for best Bitcoin casino in Canada and for good reason! First there’s the impressive welcome bonus that includes a $1,500 matching bonus and 120 free spins. Then take into consideration that there are over 3,000 games to choose from. To top it all off, they offer a plethora of payment methods which include traditional methods like Interac, credit cards, and e-wallets. It’s the ultimate easy deposit casino! Even better, you can pay through a number of cryptocurrencies which include Bitcoin, Ethereum, Doge Coin, and Tether (USDT Coin), so it's one of Canada's best crypto casinos.
Our Review of Bitcoin Casinos
It's no wonder we've seen more and more casinos accepting cryptocurrency such as Bitcoin. Thanks to its ease of use, security, and data privacy, it's only expected that the number best new Bitcoin casinos of 2021 will only continue to grow. Keep checking this page since we're continually updating our list of trusted and secure Canadian Bitcoin casinos.
FAQs: Frequently Asked Questions About Bitcoin Casinos Canada
Because Bitcoin is a fairly new phenomenon people have a lot of questions. We’ve answer some of the most common ones below.
More Casino Payment Methods
