Bitcoin Casinos in Canada 2019
If you’re looking for a fast, private, and secure transaction process when gambling online in Canada, Bitcoin is the perfect choice. Bitcoin, the most popular of all cryptocurrencies worldwide is an option available at a selected few Bitcoin casinos for deposits and withdrawals. Bitcoin gambling site founder James Canning said 50% of Bitcoin transactions around the world have been for online gambling.
This is because Bitcoin is quicker than established banking, it uses security protocols and has low-cost fees. Gamblers in Canada can gamble online using Bitcoin at top-rated CA casinos. Read this guide to Canadian Bitcoin casinos in 2019 to learn what cryptocurrency is, why Bitcoin gambling is popular with online players, do casinos accept Bitcoin and what kind of Bitcoin bonuses you’ll find online.
Top Canadian Casinos that Accept Bitcoin
What is Bitcoin?
Bitcoin is a digital cryptocurrency which doesn’t exist in the physical world. A specific software and hardware is used by its miners to approve all exchanges between wallets. This is done to authenticate transaction integrity and also to process very complex algorithms which are responsible for releasing new bitcoins onto the market when solved. No government backing or central authority is involved in the Bitcoin market. This legitimate payment method continues to be used by businesses, including top-ranked casinos, online across the globe.
Why Bitcoin is Popular with Online Casino Players
Bitcoin and other cryptocurrencies are popular deposit and withdrawal options for online casino players for a number of reason. Because cryptocurrencies use blockchain technology, payments are transparent and cannot be manipulated. At the same time, they are relatively anonymous, providing the kind of privacy that online casino players prefer.
The combination gives players the chance to make quick yet secure payments, both in terms of deposits and withdrawals. Online casinos do not waste time and resources verifying payouts, so they prefer Bitcoin deposits and withdrawals. For that reason, they offer special bonuses to players who choose Bitcoin casinos.
Bitcoin Welcome Bonuses
Many online casinos offer welcome bonuses to depositors who use Bitcoin. For instance, one site offers a $3,000 deposit bonus to people who use Visa or MasterCard, but offers a much better $5,000 Bitcoin bonus to people who use the cryptocurrency.
Some sites have game-specific Bitcoin casino bonuses for table games or video poker. Most focus on slots (usually not free slots Canada), keno, and scratch card games. However, if you look hard enough, you might be able to find bonuses for blackjack, baccarat and other gaming options. Whenever a Canadian online casino offers a cryptocurrency bonus, we’ll let you know in our reviews, or even a slot review. That way, you can play more casino games and make your digital currency stretch even more.
Experience a New Era of Casino Banking at Bitcoin Casinos
To get started using Bitcoin, you first need to create a Bitcoin wallet. There are a couple of reliable exchange websites where you can setup a BTC wallet and purchase bitcoins, such as virvox.com and localbitcoins.com. Just be sure to make a thorough research before you do so.
More so, there are three wallet types for Bitcoin; Online Wallets, Software Wallets and Hardware Wallets. Canadian players need to be aware of the wallet type they choose. You can actually lose all of your Bitcoins if your wallet is not backed up. Also, CA players can exchange Bitcoins among each other via their wallets before depositing at gambling sites.
Different Types of Bitcoin Wallets:
- Online Wallet
This is a web-based wallet whereby a third party or Bitcoin wallet provider essentially backups for your wallet on a cloud server, and gives you an option to do so yourself. This Bitcoin gambling wallet is recommended for beginner online casino users.
- Software Wallet
The software wallet is for intermediate casino players. Essentially, the software is stored in your own computer and requires that you perform the backup manually.
- Hardware Wallets
Hardware Bitcoin wallets are considered the most secure among all BTC wallets. A special piece of software which usually connects into your computer via USB is used to access your Bitcoin wallet. Just as the Software Wallet, this wallet is backed manually. It is recommended for gamblers who are storing large amounts of bitcoins.
To start gambling using Bitcoin is super easy. First, you will need to setup an online casino account (you can choose any top CA Bitcoin casino from our recommended list above).
Make a Deposit
Once you are ready to make your first deposit, the casino will send you a temporary Bitcoin wallet which will be associated with your online casino account. For this, you need to select the ‘Bitcoin’ option as your payment method at your preferred casino cashier.
The minute you click on ‘deposit’, the Canadian online casino will send you a unique long text which you will need to input in your wallet. Your next step then is to choose the amount that you wish to deposit and confirm the transaction. Then it’s done, that’s how simple it is.
Bitcoin Casino Withdrawals
Learning how to withdraw Bitcoin in Canada is not a difficult task, at all. All you need to do is determine how much of your CA casino game winnings you wish to withdraw. Then enter the public address of your Canadian Bitcoin wallet in your withdrawal transaction using either a QR code or long text code. Your next step is to confirm your details and amount to process the transaction.
If you wish to convert your Bitcoin winnings to real Canadian dollars, you can sell them through a Bitcoin exchange or a buyer. Try out Bitcoin gambling at our recommended Canadian online casinos above for a more hands-on approach to learning how to withdraw Bitcoin in Canada.
Advantages of Bitcoin Gambling
Every payment method has its advantages and drawbacks. Bitcoin is no different, so let’s take a look at the pros and cons of using Bitcoin and other cryptocurrencies at online casino.
- Quick Payments – Bitcoin is the fastest payment method. Blockchain technology eliminates the need for time-consuming identity verification, which speeds up payments.
- Bitcoin Deposits – Many online casinos offer cryptocurrency promotions, so you receive more bonus money when you deposit using Bitcoin.
- Volatile Market – The value of Bitcoin has fluctuated in the past couple of years, so players might not want the additional gamble of market trading.
- Best Security – Each transaction has a unique code, so hackers and identity thieves cannot steal your information. Bitcoin is the most secure payment type.
- Protects Privacy – Your name, bank information, or credit card information is nott used, so cryptocurrencies maintain your privacy the best.
- Not Everywhere – Not every Canadian online casino supports Bitcoin, Litecoin, Dash, Ethereum, and Bitcoin Cash. Luckily, we’ll tell which sites do.
- Free transactions – Canadian online players will never pay a fee when using Bitcoin for deposits or withdrawals.
- High Roller Payouts – Bitcoin has unlimited deposits and high withdrawal limits, so high rollers prefer this banking method.