Bitcoin is becoming increasingly popular throughout Canada. So it stands to reason that Bitcoin casinos are also a big hit with online casino players. If you are interested in using Bitcoin to fund your online casino play then there is a lot to learn, but luckily you have come to exactly the right place. In our Bitcoin casino guide, we will explain how you can make deposits and withdrawals using Bitcoin casinos and tell you how to locate the very best Bitcoin casinos in Canada. Plus, you can find out the big advantages (and disadvantages!) of using Bitcoin casinos. It is all designed to put you in the best possible position to decide whether you want to use Bitcoin casinos for your online gaming.
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Table of Contents
- What Is A Bitcoin Casino?
- What Is Bitcoin?
- What Are Bitcoin casinos?
- How To Make Payments At Bitcoin Casinos
- Advantages Of Using Bitcoin Casinos
- Disadvantages Of Using Bitcoin Casinos
- The Best Bitcoin Casinos In Canada
- Verdict – Enjoy Bitcoin Casinos Today
- Bitcoin Casino FAQs
What Is A Bitcoin Casino?
Let’s start with the key question – what exactly is a Bitcoin casino? The best way of answering that question is to first define Bitcoin.
What Is Bitcoin?
Bitcoin is the world’s most popular digital currency. Like the other best cryptocurrencies, Bitcoin operates outside of centrally controlled banks and governments. Instead, it operates through peer-to-peer software and all Bitcoin transactions are recorded on a public ledger.
What Are Bitcoin casinos?
As the name suggests, Bitcoin casinos are popular online casinos that allow you to fund your account using Bitcoin. Some of these casinos exclusively deal in Bitcoin (and other cryptocurrencies), whilst others offer Bitcoin as one of a number of payment options.
Bitcoin Casinos: General Info | |
---|---|
🧮 Number of Casinos | 50+ |
𝌡 Alternatives | Ethereum, Litecoin, Tether, Dogecoin |
🎲 Casino Games | 2000+ |
🎁 Min Deposit | 0.001 BTC |
🌎 Country | Canada |
How To Make Payments At Bitcoin Casinos
Deposits
Making deposits at Bitcoin casinos is relatively straightforward. After locating a casino that accepts Bitcoin, head to the payment section of their website or app. From here, you will be able to select Bitcoin from the list of accepted casino payment methods.
At this point, you must enter the address of your Bitcoin e-wallet. The details of this will be found within your Bitcoin account. If applicable select the bonus offer you wish to claim alongside the deposit. And that really is all there is to it.
Withdrawals
If you are fortunate enough to enjoy some excellent returns from your Bitcoin casino play then making withdrawals is an equally easy task. Because the operator will have your Bitcoin address stored, you just need to go to the cashier and select the amount you wish to withdraw.
Advantages Of Using Bitcoin Casinos
You may have read the above sections and be wondering why you should opt to use Bitcoin for your online casino payments. Here are a number of key advantages:
Anonymity
A big plus point of using Bitcoin is that it is completely anonymous. You do not need to provide any bank details or account numbers. This anonymity increases the security of the method and means you can use Bitcoin casinos without risking your personal or financial data.
No Fees
Some online casino payment methods have transaction fees attached. However, there are no such fees associated with Bitcoin payments. This is partly because there are no third parties involved in the payments, the transaction occurs purely between yourself and the online casino. This applies to both deposits and withdrawals at online casinos in Canada.
Ease Of Use
As you may have spotted from the previous section, Bitcoin payments are extremely simple to make. As soon as you have requested the payment, the funds will automatically appear in your account. Better yet, withdrawal times compare very favourably to most other payment methods.
Increasing Popularity
In line with the increasing popularity of Bitcoin, there are more and more online casinos in Canada accepting Bitcoin payments. A side effect of this is that the market for Bitcoin casinos is getting very competitive and operators are trying their best to attract new players. Because of this situation, you will find some excellent Bitcoin casino no deposit bonus offers.
Disadvantages Of Using Bitcoin Casinos
In the interests of fairness, we need to outline a few disadvantages of using Bitcoin for making online casino payments:
Price Swings
The value of Bitcoin can change quite dramatically. Whilst this can work in your favour sometimes, it can cause a big problem if the value of your Bitcoin decreases significantly. This makes using Bitcoin quite a risky option from a financial point of view.
Availability
Although Bitcoin is becoming increasingly popular, there are still a number of online casinos that do not accept cryptocurrency payments. Clearly, if Bitcoin is your preferred payment option, these operators will be off-limits to you.
The Best Bitcoin Casinos In Canada
There are literally hundreds of Bitcoin casinos available for Canadian online players. Obviously, the quality of these online casinos varies considerably, so to help you find your ideal Bitcoin casino, here are some of the very best:
bitStarz
- 20 free spins for new players
- Superb range of live casino options
- Regular casino tournaments
Bodog
- 150% first deposit bonus up to $900
- Highly reputable operator
- Online sportsbook also available
Spinnalot
- Huge selection of live casino games
- Massive slot library
- 100% bonus and 100 free spins on your first deposit
Casoo
- New and innovative operator
- Wide selection of cryptocurrency options
- Expert customer support
Monte Crypto
- 120% first deposit bonus up to $240
- Over 2,500 games on offer
- Highly rated customer support
Rocket Play
- High-quality VIP program
- Superb range of promotions
- Excellent reputation
Golden Star
- Easy and fast sign-up process
- Regular promotions
- Fantastically designed website
WestCasino
- Attractive loyalty scheme
- Fast withdrawals
- Excellent customer services
Verdict – Enjoy Bitcoin Casinos Today
Bitcoin casinos are a fantastic option for cryptocurrency users looking to join new online gambling sites. And because of how popular cryptocurrency currently is, you can now find an excellent selection of Bitcoin casinos in Canada.
The big challenge is locating your perfect Bitcoin casinos. Luckily, the advice in this article can really help you out. Not only have we highlighted some of the very best Bitcoin casinos available in Canada, but we have also given you a few compelling reasons to join them. Consider those factors and read out full operator reviews. That will put you in the best possible position to locate your perfect Bitcoin casinos. Good luck!
Bitcoin Casino FAQs
Are Bitcoin Casinos Legal?
Yes! If a licensed online casino offers Bitcoin then it is entirely legal. Please check our Canadian online casino reviews to ensure that the site you are attempting to join is fully regulated and licensed.
Are There Any Bitcoin Transaction Fees?
Not usually. Most Bitcoin casinos offer free deposits and withdrawals. You will have to pay a minimal transaction fee on the blockchain, but this is extremely small.
Is Bitcoin The Best Cryptocurrency To Use At Casinos?
Generally speaking, all cryptocurrencies are secure and efficient. However, Bitcoin is the most popular cryptocurrency, therefore it is widely available at online casinos in Canada. This makes it a great choice for any cryptocurrency users wanting to play at online casinos.
Can I Claim Online Casino Bonus Offers If I Deposit Via Bitcoin?
Yes. The majority of online casino bonus offers are available to Bitcoin users. In fact, you may occasionally find some bonus offers that are exclusive to Bitcoin users. You can get full details of these offers by reading our expert articles.