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 has also found its 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.
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Why Betsquare
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.
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:
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.
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.
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.
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.
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:
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.
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:
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!
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:
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:
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:
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:
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.
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.
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.
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.
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.
Most online casinos that accept Bitcoin operate under the Curacao license. Still, any other reputable licenses will protect your interests.
Lisa works as a content writer and specializes in delivering top tier i-gaming content which is why her articles and blog posts are always very engaging and informative. Well spoken, and does her research very well in an industry where transparency, honesty and constant follow up is a rarity.
