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Bitcoin Casinos in Canada
Content Writer
Biography
With over a decade of experience, Simon Day has been a seasoned writer in the online casino industry. His expertise lies in sports betting and online casino games, making him a go-to source for insightful content. Simon has contributed extensively to Betsquare, covering a wide range of iGaming topics.
Editor
Biography
Andy is a NCE-qualified journalist and editor with a wide range of experience in a number of difference niches, including online gambling, online casino games, igaming, writing, editing, PR and management.
Updated on:
Oct 24, 2024, 5:32 pm
Introduction:
Although Bitcoin became globally popular only a few years ago, it is now one of the most commonly used online payment methods. It quickly made its way into everyday use, where people and businesses use it for a variety of online transactions. Bitcoin also has a place in online gambling, with many players using this banking method for placing bets at online Bitcoin casino sites.
Below you’ll find a comprehensive guide about Bitcoin that will bring you closer to the subject of cryptocurrencies and online gambling.
If you’re looking for a trustworthy Bitcoin casino that will guarantee an ultimate gambling experience using digital currencies, we’ve prepared a detailed list of the best venues that will surely suit your needs.
The recommended online casinos are selected on the following criteria:
- Best paying casinos
- Fastest payouts
- Gambling licenses
- Customer service & Reliability
The Best Bitcoin Online Casinos in Canada – December 2024
1. AvoCasino
300% + 150 Free spins
- Rated with 5 / 5
- Easy registration
- Fast withdrawals
- Live casino
2. Golden Star Casino
C$1500 bonus + 100 free spins
- Rated with 4,9 / 5
- 24-7 live chat
- Fast withdrawals
- Live Casino
3. Slothunter
C$2000 bonus + 200 free spins
- Rated with 4,9 / 5
- Fast registration
- 24-7 live chat
- Quick withdrawals
4. Bitvegas
C$3000 bonus + 350 free spins
- Rated with 4,8 / 5
- Great game offerings
- Fast withdrawals
- Free spins
5. Playzilla
C$1500 bonus + 500 free spins
- Rated with 4,8 / 5
- 24-7 live chat
- Live Casino
- Fast withdrawals
6. BingoBonga
20% Cashback
- Rated with 4,7 / 5
- Live casino
- Easy registration
- Free spins
7. 1Red
C$10.000 bonus + 100 free spins
- Rated with 4,6 / 5
- Live casino
- Free spins
- Fast withdrawals
8. Zoome
C$2500 bonus + 250 free spins
- Rated with 4,6 / 5
- Free spins
- Live casino
- Fast payouts
9. Treasure Spins
C$500 bonus
- Rated with 4,6 / 5
- Live casino
- Easy registration
- New online casino
10. BetsAmigo
C$275 bonus +100 Free Spins
- Rated with 4,5 / 5
- Live casino
- Easy registration
- New online casino
Why Betsquare
Bitcoin: What Is It and How It Works
Bitcoin is a form of digital currency operated by other users rather than a bank or government. Since it was founded in 2009, many people and businesses have embraced cryptocurrencies in different areas – from local and international online shopping sites to stock market frequenters, as well as online gambling.
Bitcoin currency works similarly to eWallets. There is specific software required to use a Bitcoin wallet, which may need some technical skills for the initial setup. Still, when it comes to secure and convenient online banking methods, Bitcoin is undoubtedly a pioneer in the field.
Bitcoin transactions work by transferring value between wallets, with each wallet being identified through a unique digital code. Each crypto transaction appears on a public ledger kept by all users of the Bitcoin network.
One of the key characteristics of Bitcoin is that it can be traded in any currency, which makes it a global form of currency. It can be bought or sold at online markets called Bitcoin Exchange.
Although credit cards and eWallets have been commonly the most preferred payment methods due to their undeniable universality, online crypto casinos have seen a significant surge in players accessing their premises with the Bitcoin cryptocurrency.
Types of Bitcoin Wallets
In order to start betting at the best crypto casinos, it’s essential to open a Bitcoin wallet and top it up. It will only take a few minutes, and you’ll be ready to proceed with your Bitcoin gambling.
There are a few methods of opening up a Bitcoin wallet. These include:
Web
It is probably the simplest way to open a Bitcoin wallet, and its main advantage is that you can access it from any device and location. Opt for a reliable site that provides this option and register. Among the most popular sites are Coinbase, Blockchain, and Gemini. Avoid unknown sites, as you may have your money stolen.
Software
Although it’s a convenient method to open a Bitcoin wallet, it may not be fully safe. Users install their wallets directly on their desktops or laptops, from which they can access them at any time. The most commonly used desktop wallets include Electrum, Bitcoin Core, and Armory.
Mobile
Similarly to the previous method, you install your wallet on your device; however, in this case, you keep it on your mobile phone instead of your PC. Make sure always to check the source of the app you’re about to install to guarantee your personal details are safe when playing at an online Bitcoin casino site.
Hardware
It’s commonly known to be the safest way of opening a Bitcoin wallet. Still, it may be a bit challenging and more expensive to do so. You need to get a device to store your data and provide yourself access to your funds. This type will guarantee protection against viruses, however, it’s important not to lose the device.
Most Common Coin Types
With the development of technology, crypto casinos adapt to the changes in the digital currency landscape. Here are some of the most recognized coin types that online casino players can use to play live casino games:
- BTC and Bitcoin cash – Bitcoin, also known as BTC, started the decentralized currency trend back in 2008. Although its price has been volatile, some experts predict that it’s going to break into six figures in a few years. As the Bitcoin user base grew up, the speed of transactions became insufficient, and hence the developers created Bitcoin cash (BCH) – a currency that allows for larger block sizes and transactions.
- Ethereum – it’s the second-largest digital coin offered by crypto casino sites. While Bitcoin aimed to disrupt national currencies and commonly accepted payment methods, Ethereum began promoting its decentralized application platform.
- Litecoin – Litecoin was established in 2011 and was developed based on the BTC system. Its aim is to process transactions in less than 2.5 minutes rather than 10 minutes which is common for Bitcoin.
- Dogecoin – it’s one of the most accessible cryptocurrencies available today. With the price of one coin being as little as 0.002 USD, Dogecoin makes for a convenient currency for smaller transactions. Also, there is no limit on the number of Dogecoins compared to Bitcoin and Litecoin.
- Monero – this cryptocurrency features a unique way of handling transactions which makes it increasingly popular. It breaks the transaction amount into smaller parts and makes the parties involved in a transaction disappear with the help of the ring signature feature. This way, the transactions become unlinkable and untraceable.
How to Use Bitcoin for Online Gambling in Canada
Safety and anonymity are two essential factors that make Bitcoin one of the most favored banking methods for Canadian online casino players. Another great perk of Bitcoin is that using it is a piece of cake – once you’ve done the initial setup, you can use this currency like any other payment option at a crypto casino.
Bitcoin Deposits
Whether you’re a beginner or an advanced player, you can deposit funds to your online casino account with Bitcoin in a very straightforward way. Here’s what you need to do step by step to start gambling online:
- Log in to your online casino account or register if you don’t have one.
- Go to the “Cashier” section.
- Click on the “Deposit” column and select the Bitcoin payment method.
- You will receive a unique code for your temporary Bitcoin wallet on your casino account. Click “Save” to save it to your Bitcoin wallet and activate it.
- Make sure you don’t lose the chance to receive the Bitcoin casino bonus for your first deposit by selecting the deposit bonus option.
- Click the “Deposit” button at the bottom of your screen, and you’re good to go!
Once you’ve made a Bitcoin deposit to your online casino account, you’re ready to get your Bitcoin casino game going. Select from a variety of popular casino games, such as live dealer games, table games, slot games, or jackpot games. You can also have a go at sports betting!
Bitcoin Withdrawals
When you’re done playing, it’s time to grab your winnings. Again, it’s a very easy and convenient process when you’re using Bitcoin. Just follow those few steps to withdraw your funds as quickly and securely as possible:
- Go to the “Cashier” section.
- Select the “Withdrawal” section.
- Click on the pull-down menu to choose the payment method.
- Select “Bitcoin.”
- Enter the withdrawal amount in the newly-opened window and click on “Withdraw.” The winnings will go straight to your Bitcoin wallet.
Pros & Cons of Bitcoin Online Casinos
If you’re considering starting to play at cryptocurrency casinos, it’s worth getting yourself familiar with the range of advantages that crypto gambling has to offer.
Here are some of the key benefits of playing at the best Bitcoin casinos:
- Instant deposits. As soon as you confirm the transaction in your wallet, you receive the payment instantly and can place bets straight after finishing your transaction.
- Increased anonymity. Bitcoin payments are entirely anonymous. You’re not required to provide any personal information or answer any additional questions from the bank assistant. Your privacy is fully secure.
- Free deposits and withdrawals. Bitcoin payments don’t involve third parties, which means you’re not required to pay any fees for depositing or withdrawing funds.
- Worldwide availability. Bitcoin is a global digital currency that you can use at BTC casinos in Canada and other countries. This makes using this accessible payment method very convenient and easy.
Top Bitcoin casinos offer Canadian players an array of benefits. However, choosing an online crypto casino has both advantages as well as disadvantages. Some of the downsides of Bitcoin online gambling that you should be aware of are:
- Bitcoin is volatile. Due to the limited amount of Bitcoin and increasing demand, its price bounces up and down every day. Even though the price settles eventually, it’s not worth keeping substantial savings in Bitcoin.
- Bitcoin is untraceable. Although the high anonymity of Bitcoin is definitely one of its great advantages, it is also often associated with criminal activity – such anonymity makes it easier to get away with fraud. Even though there are specific security tools that help monitor fraudulent activity, the risk is still very high.
- Bitcoin is a constant work in progress. Although it’s been accessible to users for some time now, the Bitcoin network is still undergoing changes. As the usage and demand grow, its features are constantly getting improved. With such a high uptake and increasing number of transactions, the Bitcoin network has encountered scalability issues.
- Demand for accepting Bitcoin is limited. Unlike payment methods such as creditcards, echeck Canada and PayPal, the demand for accepting Crypto is limited to certain Canadian online casinos.
Best Bitcoin Bonuses for Canadian Players
By placing bets at Bitcoin gambling sites, players can get access to a whole range of different rewards. If you choose Bitcoin as your go-to payment method, you can benefit from a welcome bonus, reload bonuses, bonus cash, and free spins.
Some of the bonuses you can get your hands on while playing at the best Bitcoin casinos include:
- Welcome Package: C$1,500 + 270 free spins
- Welcome Package: C$750 + 200 free spins
- Welcome Offer: $1,500 + 100 free spins
- Exclusive Offer: C$3,000 + 225 free spins
- Exclusive 200% Deposit Bonus
Summary
Bitcoin is commonly one of the most popular online banking methods that is increasingly gaining popularity. This type of payment is particularly favored by online casino players who use Bitcoin currency to deposit funds to their online casino accounts at trusted Bitcoin casinos.
The best Bitcoin casino sites offer a range of benefits for Canadian players, including a fast and safe payment system, increased anonymity, and different bonuses.
Check out the list of our selected crypto casinos and start your online gambling journey using the Bitcoin currency for the ultimate online gaming experience.
Our Review Process
Our team of experts diligently monitors the online casino industry, ensuring our articles remain current and relevant by promptly incorporating the latest available information.
Current Version
Dec 7, 2022
Written By
Simon Day
Edited By
Andy Potts
What do you think of our Bitcoin casinos page? Behind every review is an experience that matters!
FAQ
Do all online gambling sites accept Bitcoin?
Although Bitcoin is increasingly gaining popularity as a banking method, not all gambling sites accept this cryptocurrency as a payment option, especially traditional online casinos. Check out our list of the best Bitcoin online casinos to enjoy a variety of casino games using Bitcoin cryptocurrency.
Are Bitcoin casinos legal in Canada?
Although cryptocurrency is not accepted as currency issued by Canadian banks, BTC casinos are legal in the country. However, it is illegal to operate a Canadian online Bitcoin or crypto casino from within the country. For that reason, every Bitcoin gambling site is hosted abroad.
Is using Bitcoin currency safe for online casinos?
Yes, it is. Bitcoin is actually one of the safest ways to pay for goods and services online, including online casino sites. If you’re using a Bitcoin wallet to deposit and withdraw from your Bitcoin casino in Canada, you are guaranteed that your personal details are fully secure.
How much are the fees when using Bitcoin in Canada?
Bitcoin transactions are completely free of charge, although if you want your payments to process faster, you will need to pay a small fee. The best online Bitcoin casinos, like those we’ve put on our list, ensure that any fees related to deposits and withdrawals are kept to a minimum.
Which license is the most common for crypto casinos?
Most online casinos that accept Bitcoin operate under the Curacao license. Still, any other reputable licenses will protect your interests.