All about Bitcoin Casino Canada
If you are into cryptocurrencies, perhaps you should consider gambling at one of the many online casinos in Canada that allow you to use bitcoin. These virtual gambling sites are not only safe, but they also offer a vast array of games, have flexible payment methods, and comply with the local gambling laws.
If you are a first-time gambler, look out for the following traits in your bitcoin casino. First, it must have one or more licences from reputable gambling regulators. Second, your gambling site should process your payments quickly with no or low processing fees. Third, it should be transparent while processing your information such as credit or debit card numbers, CVV, etc. Lastly, a good gambling site must have an efficient and responsive customer care department.
Bitcoin Casino Canada
• Make sure your chosen casino is properly licensed
• Does it work on cellphones as well as desktops
• Check the casino's reputation by reading online reviews
If your online casino has a gambling licence from one of the more stringent jurisdictions this means you likely have a great gambling website. Players around the world should look at their chosen casino's licence details before opening an account.
Having certification means that your gambling site is trustworthy, doesn't allow illegal activities and doesn't rig its games. New players should also look out for those casinos that let you play games for free.
Not all first-timers want to bet straight away the first time they play. Instead, use demo mode to see how slots, online roulette, bingo, etc. play out on sites. Finally, before creating your online account, check what payment options are provided, whether there are any bonus offers and the terms and conditions attached.
How to make a deposit at a Bitcoin Casino Canada?
1. Set up your bitcoin wallet
2. Head over to the Cashier section of the casino and check bitcoin.
3. Choose how much you want to deposit
Many bitcoin-based Canadian online casinos have detailed resources on how to make your initial deposits.
Some even have a Frequently Asked Questions section that explains bitcoin deposits. However, before you make your first bitcoin deposit, you must have an online bitcoin wallet. Take heart, many online casinos have links on their websites that direct you to trustworthy bitcoin wallets. In most cases, you will have to just give your basic information such as name, email address, etc.
Once you have set up your wallet, click the Cashier/My Deposit section, go over to the bitcoin section, and fill in your details. Choose your wallet. There will likely be these 4 kinds of crypto-wallets: Hardware, Software, Online and Paper. If you intend to play games on your mobile, check whether your wallet is mobile-compatible.
Bitcoin Casino Canada withdrawals
• Check whether your online withdrawals are subject to Canadian tax laws
• Some Canadian states don't allow non-Canadian casinos to accept bitcoin
Withdrawing money from your bitcoin-based casino is as simple as depositing. You will get your winnings very quickly as the bitcoin processing times are extremely fast these days. Once you receive your money in your wallet, you can keep it as a cryptocurrency or choose to convert it into CAD or some other currency.
Some Canadian online casinos process withdrawals in as little as just one hour. If you want to make use of BTC fluctuations. schedule your withdrawals accordingly. Choose a casino that charges little or no processing fees while remitting your money. If you are new to bitcoin-based online gambling, here is a list of some good free online wallets: Blockstream Green Wallet, BRD and Electrum. org. If you prefer paid wallets, then go for Trezor or Ledger.
Is Bitcoin Casino Canada safe?
There are two aspects to making and accepting payments at a bitcoin online casino. The first one is to do with the security of your transaction. Every deposit and withdrawal is 100% secured thanks to the use of Secure Socket Layer (SSL) technology.
The world over, online casinos use this advanced technology to hide their players' information under a virtual tunnel. What this means is that no hacker or phisher can view your personal information.
All the servers of your online casino have been built in a way to fend off virus attacks. bitcoin transactions are safe because your anonymity is maintained. In blockchain transactions, once your transaction details have been encrypted on an information block, they can't be altered at all by third parties. That is why bitcoin casinos are safe.
Other Bitcoin Casino Canada payment methods
If, for some reason, your online bitcoin wallet isn't working, you can work with other payment methods. Consider e-wallets such as PayPal and Skrill. The former has been in the market for more than 20 years now and setting up an account is very easy.
Create your PayPal account by entering your email address and linking it to your checking account. Make a small transaction to show PayPal that you are indeed a genuine person. Then, link it with your online casino account to receive or make payments.
Checking account transfers still remain very popular among online gamblers. The process is quick and inter-bank transfers involve very small transaction fees. You can also make transactions at your online casino via credit and debit cards.
Are there any extra Bitcoin Casino Canada fees?
The great thing about playing at a bitcoin-based Canadian online casino is that neither side has to pay any extra fees. Unlike some other payment options, where you do have to pay some processing charges, there are zero fees on bitcoin transactions.
This has got to do with the growing acceptance of this virtual currency not just in Canada but across the world as well. However, you will have to make a minimum deposit to your casino account. This amount could be 5 CAD or higher.
Check your chosen casino's website for the correct minimum deposit amount. Some non-bitcoin payment methods do charge a fee on your deposits or withdrawals. If you are transferring funds from your digital wallet to your bank, the latter might raise a small charge.
Summary of Bitcoin Casino Canada
To sum up, bitcoin-based casino websites offer an exciting gambling experience. Such casinos usually have a wide range of games, excellent customer service, and a great user interface. You should ensure that your chosen bitcoin-based casino is properly licensed.
This is easily done by scrolling down to the bottom of the homepage on your chosen website or checking the FAQs. We also recommend checking out bonus offers and reading the terms and conditions attached, as sometimes there are extra bonuses for using bitcoin. Making the transition to cryptocurrencies from other payment methods does mean that you will first need to create and fund a bitcoin wallet.
The big attraction of using bitcoin is that making and receiving bitcoin payments is very quick and easy and players usually don't have to pay any processing fees on these payments.