Canada deservedly ranks among the most innovative and technologically advanced countries. It’s not surprising that cryptocurrencies have practically become mainstream in the gambling industry. Bitcoin and many popular altcoins are now widely used on Canada’s leading crypto casino sites.
We have compiled a list of the top Bitcoin casinos, which includes the safest and most user-friendly platforms that successfully combine innovation and top-notch service.
BC.Game Casino
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Crypto Popularity in Canada: Interesting Facts & Stats
Recent studies show that most Canadians do not have a deep understanding of cryptocurrencies. Still, over 30% have said that they plan to purchase digital assets within the near future. Cryptocurrency trading is not prohibited in Canada, and many banks have even demonstrated an interest in Bitcoin
With the fast pace of innovation in the cryptocurrency industry and the government’s ever-changing regulations, it can be difficult to keep up. Here are some stats to get you up to speed on crypto adoption in Canada.
Buying and selling cryptocurrencies in Canada is legal. The Canadian Revenue Agency (CRA) provides a complete definition of digital currency and tax-related information on its website.
Canadians can easily use digital currency to pay for goods and services at businesses that accept crypto.
Men between age 25 and 44 own more cryptocurrencies than any other demographic.
Vancouver is often recognized as the most crypto-friendly Canadian city, with over 100 businesses accepting digital currencies.
Even though crypto mining in Canada is limited by strict regulation due to environmental damage, experts expect that the country will enter the world’s top 3 largest mining hubs over the next ten years.
More Interesting Statistics:
According to a survey by the Ontario Securities Commission, 13% of Canadians currently own digital assets, and over 30% of those surveyed intend to buy a digital asset in 2023.
The number of Bitcoin ATMs in Canada exceeds 2,600, and 897 are located in Toronto. Thus, Canada is second only to the United States regarding the number of Bitcoin ATMs in the world.
Bitcoin is the most popular crypto asset, with around 4% of Canadians owning it. In second place is Ethereum, followed by Ripple, Litecoin and Dash.
So, the crypto trend in Canada is in full swing. And those Canadian “Neo-banks” that you probably see ads for all the time — Wealthsimple, Neo Financial, Koho, etc. — have actually been a driving force behind crypto adoption. When they’re not trying to sign you up for a credit card at the mall, they’re actually making it easier to play at your favourite online casinos!
Why Are Bitcoin Casino Sites on the Rise?
The popularity of a product or service often depends on the benefits that it provides. It’s no wonder Canadian gamblers are thrilled with top crypto casino platforms, as they offer a completely different and higher quality gaming experience. The online casino industry has experienced many interesting and innovative developments, but Bitcoin and other digital assets are a breath of fresh air for the industry. Here’s why.
They Are More Secure
The possibility that transactions made on traditional gambling sites using e-wallets and other methods can be hacked has always been of concern to players. If you are looking for a safer alternative, a crypto casino is your option. By playing on such sites, you can be sure that there is an added layer of security for your personal information and finances.
They Offer Anonymity
Many people use cryptocurrencies in gambling to hide the size and nature of their gambling from prying eyes. No one can track your transactions, so you are the king of your budget. It is the anonymity feature that makes the best online crypto casino such a popular place to play.
High-end Games and Services at Your Disposal
Many online casino Bitcoin include exclusive games in their library designed especially for crypto enthusiasts. Such sites are often characterized by an innovative approach and offer a mobile Bitcoin casino feature as well. The idea of exclusivity is felt throughout, including within customer support and how players are treated.
You Can Gamble with Fewer Fees
None of us like to pay additional commissions for any services. Bitcoin online casino offers high-quality gambling with minimal or no fees. Instead, players can spend this money on their favourite games and sports betting.
They Are Transparent
Among other common policies, crypto casino online platforms provide a more transparent operation by implementing smart contracts. This allows players to receive their winnings every time without problems or delays. Thanks to such measures, casinos accepting Bitcoin continue to gain trust and a good reputation.
Ease of Payments
Another major factor in the growth in popularity of casinos that accept crypto is the ease of making payments. Modern online operators are implementing different technologies and payment methods to make players’ experiences even more comfortable. Crypto payments, in turn, offer gamblers convenience, speed and security.
What Crypto Casino Games Top Operators Offer
In addition to all the above perks, any online Bitcoin casino has a fantastic game library. There is no doubt that slots are the most played game category at every crypto casino Canada site. They are the simplest for beginners and give you the best possibility of having fun with a small investment. Beyond slots, there are a lot of thrilling and provably fair Bitcoin casino games online available, some of which include:
Bitcoin Poker
Bitcoin Dice
Bitcoin Roulette
Live Crypto Games
Bitcoin Lottery
Crypto Sports Betting
Crypto-Friendly Casino Game Providers
Game providers are the ones on which the lion’s share of your gambling experience depends. Below we have listed the most reliable Bitcoin casino software providers whose games are fair and reasonable.
What Types of Bitcoin Casino Bonuses Are There?
Cryptocurrency casinos are also known for their rich selection of bonuses. In addition to standard deals, some platforms offer exclusive bonuses for crypto gamblers to encourage their participation in the distribution of particular digital currencies.
Check the rollover terms of a particular Bitcoin casino bonus before deciding to claim it or not. What is the point of getting a bonus if you have to wager it 80 times?
- Welcome Bonus
- Match-up Deposit Bonus
- Bonus Spins
- Reload Bonus
- Game-Specific Bonus
- Bonus for Preferred Deposit Method
- VIP-program Bonuses
What to Consider When Looking for the Best Crypto Casino
While most online Bitcoin casinos are designed to be fun and exciting, many operators can make your life a nightmare. To avoid this, be careful of your choice. We have listed the critical checkpoints below.
Did You Read the Fine Print?
Be sure to check the fine print at any Bitcoin casino Canada platform you try. For some gamblers, the experience can be made or broken by crypto casino bonus rules, wagering conditions, limited withdrawals, maximum bet sizes, and other regulations.
Is Your Country not on the Restricted List?
Even if crypto gambling platforms are run online, regional gambling laws still apply. So, check whether playing at online casinos is legal in your country. Players from prohibited countries and regions may also use VPNs to access these sites.
Is the Casino Licensed?
Licensed Bitcoin casino online is trustworthy since it has gaming authority approval to operate. Punters run a significantly larger risk if a new crypto casino is not licensed. In Canada, this approval can be obtained from local market regulators. However, no one forbids Canadians from visiting sites with an offshore license.
What About Fairness and Responsible Gaming?
Top crypto casinos that offer provably fair games give players the fairest chance to get their winnings and have a pleasant time. It is also important to understand what measures the operator adheres to regarding responsible gambling. Check whether the necessary information and self-control tools are available on the platform.
What Coins and Tokens Are Accepted?
Cryptocurrency encompasses a wide variety of coins and tokens, but many online casinos only accept a small number of them. Check if the casino accepts your preferred asset.
What Games the Casino Offer?
Another thing to consider when picking the best Bitcoin casino Canada is the selection of games. While some Bitcoin online casinos provide a huge range of gambling types, others feature fewer options. Ensure that the operator you select has the crypto casino game types you wish to play from the comfort of your home, sipping on your double-double.
Any Bonuses?
Many crypto operators provide bonuses ranging from weekly cashback to deposit bonuses. All these offers are different in size, nature and wagering complexity.
Where to Buy Bitcoin to Gamble in Canada?
In Canada, buying crypto is often done directly through an exchange or a broker. The latter may impose limitations on your holdings, withdrawals, transfers, and storage based on their brokerage policy, whereas crypto exchanges provide account holders more control over their coins. That is why crypto exchanges are more popular.
Luckily, the process for buying crypto in Canada is especially simple thanks to e-transfer. There are no wiring funds, linking bank accounts, or long forms to fill out. In most cases, you can simply e-transfer your funds to the exchange’s email address and you’re good to go!
Buying Coins Using a Crypto Exchange
Step 1: Pick your exchange
Most crypto exchanges in Canada allow you to exchange local currency for the desired cryptocurrency or one digital currency for another. The most popular exchanges among Canadians are Coinbase, BitBuy, Binance, ShakePay, Newton and CoinBerry.
Step 2: Open an account
After deciding on an exchange, create an account by signing up with a current email and phone number. It will be necessary to upload verification documents, such as a driver’s license and passport. The majority of exchanges will request a selfie to verify that the person’s face matches the identification documents they have received.
Opening an account with a crypto exchange feels kind of like going through security at Toronto Pearson airport, where the robot-stations scan your face and passport.
Step 3: Deposit cash and buy preferred crypto
Link your bank account after the platform account has been activated and add money. Once you have the funds available, you may place a crypto buy order and purchase any asset listed on the exchange.
Where to Store Your Cryptocurrency in Canada?
A safe and secure place to store your digital coins is very important because, unlike fiat currencies, no one monitors your transactions. In the case of theft, recovering the funds is highly unlikely. Getting insurance on your deposits is also out of the question. Most often, Canadians store coins in the following ways:
On the Exchange
By keeping your coins on an exchange, you may be able to profit from staking passively. Many exchanges will offer an impressive interest rate for keeping your funds with them.
To add a layer of security, enable two-factor authentication (2FA) in the account security settings. In addition, by distributing the crypto assets across several exchanges, the risk of loss can also be minimized.
In Crypto Wallets
Crypto wallets do not really store your digital coins as you might think. This is where your secret keys are stored to access your digital assets that exist on the blockchain.
So, the user holds the “private keys” or password to access their assets in this location. In one crypto wallet, you can often store several coins or altcoins at once.
It is important to keep in mind that losing these keys means losing your crypto assets.
In Canada, examples of crypto hot wallets you can use include MetaMask, Binance Trust Wallet, Coinbase Wallet, and CoinSmart. Ledger and Trezor are examples of cold wallets. Keeping a lot of coins in one wallet can be risky, but one can also find a middle ground by storing them in a mix of hot and cold wallets.
Our Experts’ Quick Guide to Join any Crypto Casino
One of our top gambling experts: “It is as simple to sign up for a casino that accepts digital currencies as for a traditional internet gambling platform. We go through the process step by step because we are aware that it may appear complicated, especially if you are an inexperienced crypto-gambling user”.
- Make sure you are of legal gambling age (check your province’s gambling laws).
- Create a new account on one of the sites from our Bitcoin casino online list.
- Get a crypto wallet, preferably a hard wallet.
- Buy coins accepted by your online operator.
- Deposit your preferred cryptocurrency into your casino account.
- Play Bitcoin casino games of your choice and enjoy crypto gambling and its benefits.
- Use your crypto wallet for fast and secure withdrawals of winnings.
FAQs RELATED TO BTC CASINOS
To wrap up, we have prepared a section with frequently asked questions. If you still have questions, check if they are answered here.
What is crypto casino?
A casino accepting cryptos is a gambling site where the main or only way to deposit digital currencies, including Bitcoin. These can be sites limited to accepting only cryptocurrencies or fiat currencies as well.
Can you gamble with cryptocurrency in Canada?
Yes. Digital currencies are not prohibited in the country, so every willing Canadian who has reached the legal gambling age (18-19 years old) can join one of the best Bitcoin casinos Canada, which will have all of the proper licensing.
Why do people gamble with Bitcoin?
It is convenient and easy. Cryptocurrency innovation has not bypassed the gambling industry and has brought its own changes to the gaming industry. Now crypto casino operators are offering a safer, more diverse, and more innovative experience.
What is the best Bitcoin casino?
We have compiled a list of what we think are the best options on the Canadian market. Explore our Bitcoin casino reviews and choose the site that suits you according to all the above criteria.
How do I withdraw my Bitcoin from a gambling site?
To withdraw funds, you need to have a crypto wallet. Then following the instructions (scroll up the page), you can easily and quickly receive funds to your wallet address.
How long does it take to receive Bitcoin from a casino?
A high speed of transactions characterizes cryptocurrencies, but in many respects, the withdrawal of funds also depends on the operator’s conditions. Top Bitcoin casinos process withdrawal requests within 2-3 hours.