Looking to fund your online gambling account with Bitcoin? To do so, you’ll need a Bitcoin wallet. Our crypto experts walk you through the best BTC wallets that offer security and fast transactions with gambling sites. We tested each one with real deposits and withdrawals so you know which wallets truly deliver.
Are You Feeling “Hot” Or “Cold” When It Comes to Online Gambling?
The first thing you’ll have to decide when you’re evaluating wallets is whether you want what’s known as a “hot” wallet or a “cold” one.
- “Hot” refers to something like a crypto exchange. Think of it like a PayPal account that’s online and accessible via password and login.
- “Cold” – or “cold storage” – is something like a Ledger, which is essentially a way of pulling your cryptocurrency off the internet into what some deem as a safer place.
If you’re new to crypto (here’s a handy guide on how to get started with crypto), a hot wallet is easier to use and set up. After completing the traditional sign-up process, you can deposit from a bank (via Interac transfer or anything else), and then you can buy your Bitcoin right there. With a cold wallet, like a Trezor or Ledger, you have to buy the Bitcoin and then move it to the cold storage. Later, you’d move it from there to the online gambling site. It’s an extra step, but many view it as a safer way to store Bitcoin.
Best Wallet Options for Bitcoin Gamblers in Canada
Typically, it’s more of a personal preference when it comes to which wallet that you want to use to start playing crypto games. If you’re asking us, here are our expert recommendations.
Wallet | Style | Benefits |
| Coinbase | Hot | This is a very reputable exchange that’s known for safety and security. It’s a great place to buy and store crypto. |
| Kraken | Hot | This is an exchange that’s known for safety and security. Your money is safe and it’s easy to transfer to an online casino. |
| Ledger Nano X | Cold | This is a great option for beginners in the cold storage space. It’s pretty simple to use, and you’ll see why many view this option as more secure. |
| Trezor Safe 5 | Cold | This is the top-of-the-line Trezor and arguably in the cold storage space overall. |
Personally Tested by Our Editor: The Best Bitcoin Wallet for Real-Money Play
In my personal experience, an exchange like Kraken is going to be your best bet. For one, it’s relatively familiar to most people in terms of signing up: you use your e-mail, password, etc. That’s easier to grasp than buying a piece of hardware that you have to understand and have a special 21-word password for and make sure not to lose.
Secondly, Kraken (and Coinbase) make it really easy to move funds in to purchase crypto. Even if you want to use cold storage, you’ll need an account at an exchange to buy and then move it. This essentially saves you the last step.
Lastly, the fear of exchanges failing or getting hacked is (hopefully) a thing of the past in the crypto space. And even if not, Kraken navigated the waters when they were much bumpier. They’re reliable enough where you don’t have to worry.
Best BTC casinos for Canadian players
Now that you know which wallet to use, here are the best sites to sign up and deposit with your crypto. These are the best Bitcoin online casinos that will also give you the most bang for your buck:
Final Say: Use the Crypto Gambling Wallet that’s Best for You
If you’re new to the crypto space, you’ll probably want to start with a basic exchange like Kraken and Coinbase and go from there. The cold (or hardware) wallets are a little more advanced and are not exactly necessary for this purpose. They are more for long-term storage than day-to-day (or regular) transactions. But try both options out because that’s part of stepping into the crypto world. And don’t forget to use Bitcoin (or crypto) for your online casino deposits because you’ll get yourself a bigger welcome bonus and faster transactions!
