Author: Daniel King | Posted on: 2021-07-28 | Last updated on: 2023-03-13
Although many Canadian land-based casinos haven’t been quick to jump on cryptocurrencies as a form of transaction, online casinos have a different plan aligned with the future: crypto casinos.
As the popularity of cryptocurrencies increases, many online casinos are starting to offer them as a deposit and withdrawal option. With time, we can expect to see crypto casinos more prevalently so it’s important to learn about what they are and how they differ from traditional casinos.
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Crypto casinos use cryptocurrency, such as Bitcoin, to fund casino games instead of real money. Registering and providing specific information is required first. In most respects, the rules and terms are the same as in regular online casinos, except that you can also make and receive crypto payments.
The most common type of cryptocurrency widely used in online casinos is Bitcoin. So, throughout this guide, “bitcoin casino sites” and “crypto casinos” may often be used interchangeably.
Bitcoin betting is becoming inevitable with the current global trend. Here, we will outline the differences between Bitcoin gambling and traditional gambling and explain why we should embrace it.
Casinos traditionally omit information about potential winnings from their customers. They are also notorious for using obscure tricks to give them an edge over gamblers. These heinous tricks often go unnoticed by gamblers. As a result, they continue to gamble and lose without knowing why they are losing. Many traditional casinos take advantage of innocent gamblers with unscrupulous methods.
Crypto casinos eliminate the possibility of the house using dodgy tricks to win. They ensure that the odds are transparent and clear to gamblers. This allows for an open and transparent business relationship, preventing most scams.
Traditional casinos usually require you to provide them with your credit and debit card information. It can be risky to provide your confidential data on these platforms. Further aggravating this is the dreary process of filling out endless forms.
Bitcoin casinos have filled this gap and ensured that players’ personal information is protected. It is usually enough to deposit money at an address and start gambling. Casinos that accept Bitcoin also eliminate tedious tasks such as filling out your details when you join and logging in separately. All-in-all, using Bitcoin Casinos is more accessible and safer.
And, as it’s decentralized. Bitcoins can’t be taken from you or accounts frozen because there is no central regulating authority. Your money belongs to you, and you control your transactions.
Transaction and deposit fees are exorbitant in traditional online casinos. Furthermore, tax and duty burdens put a pretty significant dent in the total winnings of gamblers.
Since crypto casinos have zero or low transaction fees, most of these costs are nearly eliminated. Also, thanks to proprietary Blockchain technology, cryptocurrencies like Bitcoin don’t need to be governed and regulated by payment/banking institutions, meaning transactions are even cheaper.
Casinos using Bitcoin offer this perk, which is often overlooked. In traditional gambling platforms, bonuses are nearly double for profits of hundreds of dollars. That sounds appealing, right? But for crypto casinos, offer rewards that range from 1 BTC to 5 BTC. At the time of this writing, one Bitcoin is worth about $7,000. Crypto casinos also offer promotions to onboard non-believers to their sites.
Bitcoin follows the law of demand and supply just like any other digital currency. Right now, Bitcoin’s demand is on the rise, as more people are using it for everyday transactions. Bitcoin’s value has risen exponentially from a few dollars in 2009 to around $7000 today because of this high demand. Therefore, using Bitcoin gives gamblers a profitable edge. They can withdraw it and exchange it or keep gambling while they wait for Bitcoin prices to rise.
Players can access and play all the same games as they would at traditional casinos using these types of online casinos. Some crypto betting sites payout as much as 99%. You can also play roulette and blackjack at other crypto betting sites. Bitcoin leads the pack by a surprisingly wide margin over traditional betting sites when it comes to player returns.
Bitcoin gambling sites are catching up to other casino forms, and some offer live dealer games like blackjack, baccarat, and roulette. Live casino games are highly immersive, exciting and immensely increase the user experience.
Although Bitcoin has many apparent advantages, it also has its own flaws, though some are said to be temporary.
You should try learning as much as possible about Bitcoin’s use and the security measures needed to keep your coins safe if you decide to explore it.
No matter what kind of online casino we are talking about – whether traditional or Bitcoin – bonuses are essential. Why would you sign up with a casino if you did not receive some kind of gift for giving them the benefit of the doubt?
When a casino offers rich and generous bonuses – you are happier. Today, online gambling is highly competitive. As crypto casinos are a relatively new concept, the best bitcoin casino sites offer unique and irresistible bonuses to guarantee a steady stream of customers.
Bonuses at Crypto casinos usually come as:
These are free money because you have the chance to win cash without wagering a penny. Once you sign up and verify your account, you should deposit some money, which should be doubled in the future, thanks to the bonus. You can sometimes get free spins along with deposits.
VIP programs are also included. These programs are for the most loyal players, who bet a lot on their favourite games and play frequently. You’ll get better bonuses, prizes, and a chance to take part in special events if you join loyalty programs.
As a rule, online crypto casinos have number of levels in their loyalty program, milestone rewards, and a ‘win-win’ feature that entitles players to cashback on both wins and losses.
A growing number of online casinos have begun to accept cryptocurrencies alongside fiat currencies like Canadian dollars as cryptocurrencies move into the mainstream. Casinos that take crypto typically offer:
The advantage of these casinos is that your banking options are more flexible. You can switch to paying in fiat without interrupting your casino play if you want to save your crypto or cash in on crazy market prices.
Using a cryptocurrency wallet, you can send and receive cryptocurrencies like Bitcoin and Ethereum while keeping your private keys – the passwords you need to access your cryptocurrencies – safe. There are myriad forms of crypto wallets, from hardware wallets like Ledger (which looks like a USB stick) to mobile apps like Coinbase Wallet, making it as easy to use crypto as using a credit card online.
Generally, people playing at online crypto casino sites can choose from the following:
Crypto Depositing is a standard 3-steps procedure
Now, of course, with all those deposits, you made some winnings–and you want to withdraw them. The process of cashing out funds from a gaming account is super-easy, even for newbies.
Canadian gamblers can use the following step-by-step guide to crypto withdrawals:
BTC wallet details can be saved in the settings, so you don’t have to enter them every time you withdraw. Operation processing typically takes around 20 minutes (up to an hour). There is a great deal of demand among punters for digital wallets since they preserve their anonymity and keep their gaming activities private. Crypto transactions are also not reflected in any bank statements. Thus, a growing number of gamblers are paying with BTC rather than cards or other options.
You might be wondering how an online crypto casino works precisely. Where do you start? What do you do? Here’s a short and sweet 5-step listicle on a crypto gambler’s next steps before starting to play at an online casino in Canada:
Mobile gambling revenue is on the rise, according to the latest reports. That’s why all the experienced and new crypto casinos made their sites mobile-friendly.
Online mobile casinos are so convenient because you can play anywhere. If you’re waiting for the bus or standing in a line, you can play real money mobile casino games. There’s also an opportunity that you can play mobile slots and pay with your phone bill.
These short periods are less likely to cause fatigue, which can lead to mistakes. And they’re less likely to see you glued to the screen chasing a losing streak. Known in the gambling world as “tilt”, this condition leads to big losses for many players as they try to “even out” their losses.
Among the most popular Bitcoin casinos on the Internet, BitStarz Casino is innovative and aesthetically pleasing. Payouts are almost instant, and customer support is fast and friendly. BitStarz offers a provably fair gaming variety that is large and diverse, hosting more than 850 games, including slots, table games, and live dealer games.
CasinoMax is a new online casino that launched in 2017. It offers a great selection of games and supports a safe gaming environment. With RealTime Gaming, this platform features high-quality slots games, video poker, lotteries and table games. Although the virtual doors for the casino opened only recently, it was created professionally and with its customers in mind.
Licensed in Curaçao, Spin Samurai Casino opened in 2020. The casino serves an international crowd despite its Japanese theme. Featuring a theme inspired by the famous warriors, this stands out from the crowd. The casino has a massive selection of games, generous bonuses, and many payment methods.
The fact is that at the best bitcoin casino sites, all the available games are tons of fun and pretty popular. However, the next games are great for an excellent first impression on bitcoin casino games:
Discover a world of possibilities beyond the boundaries of our realm when you immerse yourself in Greek mythology. The developers at Pragmatic Play know exactly what bitcoin players are looking for in a slot, so they’re able to maximize every aspect. Then you’re in the right place if you’re looking for a heroic adventure. You can check out the Gates of Olympus Bitcoin slot at Roobet and discover it for yourself.
You can make a BitStarz deposit using the following cryptocurrencies: BTC, ETH, BCH, LTC, DOGE, and USDT.
Realistically this table game is available at every of top crypto casinos.
Blackjack is the most popular casino game in the world. It’s a game with decks of 52 cards and is descended from a global family of banking games called Twenty-One. Blackjack players don’t compete with each other. Each player competes against the dealer in this comparing card game.
Blackjack, at 7bit, though, is regulated by Curacao eGaming and allows Bitcoin, Ethereum, Bitcoin Cash, Litecoin, DOGE, and USD Tether as valid cryptocurrencies.
Slot machine Sun of Egypt has five reels, three rows, and 25 paylines. There is quite a bit of volatility in this game, but it is not as generous as a high volatility title. Betting values range from 0.25 to 60. Go with the Autoplay option if you don’t want to spin the reels yourself and you prefer to listen to the soundtrack. Watch the reels spin while you enjoy the view.
You can make a Spin Samurai deposit using the following cryptocurrencies: BTC, ETH, BCH, LTC, DOGE, and USDT.
Cryptocurrencies are getting increasingly popular by the day; as such, more and more companies are choosing to use them as a payment method. As online casinos align with the trend, you’re now equipped with the knowledge to operate successfully in a crypto casino.
Crypto gambling uses cryptocurrencies like Bitcoin instead of actual cash to wager bets and make deposits & withdrawals.
Canada does allow bitcoins and other cryptocurrencies; it just doesn’t have the status of banknotes or coins issued by the Bank of Canada. Nevertheless, using cryptocurrency for payments and purchases in Canada is perfectly legal and safe.
Yes, but only at casinos that offer cryptocurrencies like Bitcoin as a payment option. There are crypto-exclusive casinos, and hybrid casinos accept both cash and crypto as payment and withdrawals.
There are many cryptocurrency casinos in Canada. To see more options, you can see Canadian Casino’s list of crypto casinos.
The sign-up process to create an account and start gambling on a crypto casino can be summed up into three steps: