Best Crypto and Bitcoin Casino Sites in Canada

Hey, gamblers! We know you always come to us for the best casino online reviews, but today, we’re going to be talking about some of the best casinos that accept bitcoin (also known as cryptocurrency). The best Bitcoin casino Canada platforms are now becoming more and more popular crypto casinos. This relatively new currency has been taking the internet by storm since its inception in the late 2000s, thanks to its ultra-secure blockchain encryption that keeps the holder’s data safe. Because Bitcoin is digital in nature, it is also a great type of currency to gamble with, as there’s no need to change currencies for countries – it’s simply the currency of the internet.

Canada Crypto & Bitcoin Casinos Advantages and Disadvantages

Cryptocurrency is changing the way that we interact with and spend money, and the casino world has been one of the quickest to embrace the change. Gamblers have been quick to adopt cryptocurrencies and BTC casinos, and more and more Canadian Bitcoin casino sites are popping up each and every week. Let’s take a look at some of the reasons why.

Advantages

There is a range of advantages for players who choose to use a Bitcoin casino online. The three main advantages for Canadian players are fairness, speed, and security.

Due to its use of blockchain technology, using the best bitcoin casino in Canada can offer a level of fairness and transparency that normal casinos can not offer.

Thanks to blockchain, players are able to actually able to see the algorithm for a game to make sure that it is fair. If you want to play specific titles, look for a provably fair category in a casino’s catalog.

From a speed perspective – the fact that Bitcoin is decentralized means that players don’t need to worry about dealing with third parties. This means that money can appear almost instantly in your wallet, and the casino or bank doesn’t take days to process it. There are also no such things as “business days” for Bitcoin, so you don’t need to worry about how long it’s going to take for your Sunday winnings to appear.

Finally, Bitcoin does not require the use of personal details. For many players, this is a huge advantage as it provides a level of anonymity and safety that they may not be able to find elsewhere.

Disadvantages

There is not a huge amount of disadvantages to playing with Bitcoin. The biggest one, however, is definitely the volatility of the coin itself. Bitcoin prices can fluctuate quite rapidly, and as a result, your coins could lose fiat value if you withdraw them from the casino at the wrong time. Of course, we always advise gambling with caution, and this applies to the ownership of cryptocurrencies – do not invest money on volatile coins that you can’t afford to lose.

Bitcoin Gambling Sites in Canada 2021 – Best Crypto Online Casinos and Bonuses

Much like cryptocurrency itself, Instadebit is a hyper-secure option for online gamblers who are concerned with matters of security. In fact, real money online casino offers it as a payment option for precisely this reason. We’d like to talk about Instadebit today though because of how it relates to bitcoin and online casinos.

As we touched on above, bitcoin is the benchmark form of cryptocurrency, a new form of completing transactions online that offers hyper-encrypted technology so that payments are secure and the currency cannot be tracked. Because of its niche status, there were many online casinos in Canada that initially did not accept bitcoin as a valid form of payment. This led to a large amount of bitcoin-only casinos popping up to accommodate the bitcoin gamblers. When the best bitcoin casinos began to get popular, however, Canadian casinos of all kinds gradually came to accommodate both fiat and cryptocurrency, and many offer the services of an online banking system like Instadebit to perform transactions.

What’s great about Canadian online casinos that let their players game with bitcoin is the safety aspect. Because bitcoin is encrypted, it’s one of the safest and most secure currencies available in the world. It can be accessed from anywhere with an internet connection and is extremely convenient for players who want an extra layer of security from the web and their cash.

Exchange Rates

The exchange rates for bitcoin can vary from day to day, as bitcoin requires a peer-to-peer community of computers to solve complex equations (or “mine”) in order to produce the virtual, encrypted code that is bitcoin. As of writing, in December 2020, the exchange rate for bitcoin is 24,443.20 CAD to 1. And while that might seem like a lot, remember that you don’t have to purchase a whole bitcoin to utilize the currency online. Many players only buy a fraction of that in order to up their own internet payment security.

The legality of Using Bitcoin for Gambling in Canada

Gamblers who are concerned about the legality of using bitcoin when playing games in an online casino need not fear: using bitcoin is completely legal and can be an excellent way to protect your data and spending history. Although bitcoin’s decentralized nature makes it inherently difficult to regulate by any one institution or body, there are no laws prohibiting the practice of cryptocurrency gambling online. And if you’re looking for a bitcoin casino online Canada has some of the most advanced protection for online gambling (bitcoin gambling included). If you’re ready to make bitcoin your favorite casino payment method, feel free to read below.

Bonuses for Bitcoin Casino Canada Players

Bitcoin is rising in popularity with every passing day, and more and more online gamblers in Canada are embracing it. The iGaming industry has accepted Bitcoin with open arms, and it has thus far been a huge success. Canadian players can get access to a range of different deposit bonuses through top Bitcoin casinos.

Bitcoin’s value is only going to rise over the years, so operators naturally want a slice of that pie. They aim to encourage players to use Bitcoin and other cryptos, and one of the ways to do this is by offering lucrative bonuses. These bonuses tend to be big welcome deposit offers, as well as free spins, no-deposit bonuses, loyalty programs, and other common promotions you would expect to find at a casino. We will help you find the best Bitcoin casino in Canada and also the best promotions to help your playing experience.

Bitcoin casino bonuses tend to be a little bit more generous than those offered by standard casinos. One of the main reasons for this is that it is much cheaper to run Canada’s BTC online casino, and as a result, they are able to offer more to the customers.

How to Play Canadian Bitcoin Casino Sites Online

If you’re new to the world of cryptocurrencies, then the idea of gambling with them can seem daunting. Thankfully, it is a straightforward process.

For the most part, everything works the same as it does with a normal casino. Players can deposit and withdraw funds and then choose from a range of Canadian bitcoin casino games to play from. As well as online slots, players can play a range of card and table games:

• blackjack
• baccarat
• roulette
• Sic Bo
• Craps

Live Casino providers are also adopting cryptocurrencies, and players can try out live versions of the aforementioned games and alternative money-wheel or TV show-style options.

Of course, Canada Casino Bitcoin operators all offer their services on mobile devices as well. You will find that Bitcoin gambling sites support both Android and iOS, and many of them also offer mobile applications as well.

Breaking Down Bitcoin Casino Transactions

So, you’ve done your research and are ready to get started with bitcoin? First, you need to find a crypto casino that accepts bitcoin as a casino payment method – but don’t worry, we’ll discuss a few of your options on that subject later. Now you just need to figure out the withdrawal and depositing methods utilized by Bitcoin casinos of your choice.

Step-by-Step Guide to Using Bitcoin

Since many Canadian casinos have taken up bitcoin as a payment option, it’s useful to know how to employ it as an option for yourself. The best part? It’s way easier than you would think. After you’ve decided to utilize bitcoin as a payment method, the next step is (you guessed it) buying bitcoin. This can be done at several different places, like Coinbase, Robinhood, Coinmama, Cashapp, and loads of others. You need to simply sign up with the online bitcoin account of your choice, and deposit money from your brick-and-mortar bank to convert it to bitcoin. Beyond that, you can sign up to store your bitcoin in an e-wallet (most places that sell bitcoin also offer this service as well) and then you’re ready to use bitcoin anywhere on the internet that it’s accepted – including online casinos. You can enjoy added security, ease of performing transactions, and a whole lot more. For more details on how to use bitcoin with Canadian online casinos specifically, read below.

Deposits and Withdrawals Bitcoin Casinos Canada Offer

Because of the uptick in bitcoin casino popularity which leads to the creation of several bitcoin-exclusive or bitcoin-friendly casinos, many places offer Canadian online casinos a free welcome bonus as a way to entice new players into using their casino at all or using their casino with bitcoin as a payment method. These bonuses can translate to things as inconsequential as a few free spins on a popular slot machine to actual casino credit that you can withdraw for cash in the form of bitcoin later on. It’s important that we note here that if a crypto casino does offer a welcome bonus for using bitcoin, it will almost definitely come with a wagering requirement or a set amount of time you’ll have to put that money on the line before the casino will allow you to withdraw the funds.

Depositing With Bitcoin

Once you’ve decided to become a bitcoin gamer and purchased the bitcoin you’re planning to use, just head to your favorite bitcoin casino and proceed as you would with a normal bitcoin casino deposit. To clarify, most casinos have a dedicated page on their website where players can perform transactions to credit their casino accounts. It will usually be easily accessible through the site homepage (after all, it’s in the casino’s best interest to make it as easy as possible for you to deposit your cash). You’ll just need to log in to your casino account, select BTC (the initials for bitcoin currency) and enter the amount you wish to deposit. At this point, the casino will likely convert your bitcoin into casino credits, and you can then continue playing your favorite games with peace of mind knowing that your currency is safe and secure.

Withdrawing With Bitcoin

If you intend to withdraw from a casino in bitcoin, it’s extremely important to note here that before you make a deposit with a bitcoin-friendly casino you ensure that they do in fact accept bitcoin as a withdrawal option as well. This is because there are some Canadian bitcoin casinos that actually do accept bitcoin as a deposit option, but do not offer reciprocity when it comes to making withdrawals. If you have confirmed that, just head to the Withdrawals section of your website of choice and, when prompted, select the option to receive your casino credit in bitcoin form (you can usually do this by selecting the BTC option from the currencies provided by the casino). Enter the amount of casino credit you would like to receive, and move forward with the transaction. When you set up your account with the Bitcoin casino, you probably gave them the info for your e-wallet that you use to keep your bitcoin, and your casino transfer should appear there within a few days.

Top Canadian Online Casinos That Accept Bitcoin

At this point, we’re sure you’re itching to play – and have no fear, we’re here to help you find the best casino online that both fits your playing style and accepts bitcoin as a payment option. In fact, we picked the list of casinos below for exactly that purpose – and we’ll even include a short review to help you make your decision about which online casino bitcoin to try first.

Summing Up Thoughts About Depositing With Bitcoin

Overall, we think that bitcoin is definitely something to consider for yourself if you’re a player that values privacy when it comes to the currency you use online. The only downside to bitcoin that might affect you as a player is the fact that because bitcoin is decentralized, it’s really a double-edged sword. That’s why we collected the only reliable bitcoin casino reviews to make your gambling experience better. Its decentralized nature means that there can be no one institution in charge of it, which allows for more freedom, but it also means that bitcoin can be extremely volatile and players could experience a loss if they aren’t careful. Ultimately, though, we think it’s definitely something worth trying out if you enjoy online gaming and want to try out this new type of currency.

Adam Lane

Site Editor at CasinoHEX Canada

Adam is an editor at CasinoHEX Canada. He checks dozens of online casinos daily. Adam’s career as a professional gambler started almost 10 years ago.

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