Bitcoin Online Casinos - Everything You Need to Know
In the world of slot games, there is always room for new things. By this, we mean the release of new games, the emergence of new software providers, adding new features for games, and introducing payment methods in casinos for the player to try. Today Bitcoin casinos are gaining momentum in the world of gambling games. While some Canadian online casinos may now accept cryptocurrency as a payment method, other casinos deal only with bitcoin (BTC).
We believe that in the long term, cryptocurrencies will make gambling easier, as playing slot games becomes safe and fast. Additionally, using BTC for gambling does not depend on banks to deposit or withdraw funds.
The Best Bitcoin Casinos Online in Canada 2021
Bitcoin Payment System – What is It?
It is a cryptocurrency or, in other words, an electronic currency. With this virtual money, users do not need to pay interest to the banks because they do not participate in the banking or payment process anymore. Bitcoin’s value is controlled by miners as the users who create it on the way they use computers and mathematics. You can use it to pay, buy goods online or deposit on the best bitcoin casinos online sites.
Although BTC seems difficult to use, it is very easy to create an account on a reliable bitcoin casino Canada website. The first step is to create an online wallet where you can store Bitcoin to be able to deposit funds into your cryptocurrency casino account. There are different types of virtual wallets, and the difference between them is explained in the next section. Once you have a wallet, you need to buy bitcoin somehow to put it in the wallet. You can get it directly from another user, and you can buy it from an online exchange, or you can cash it from a bank account. The last step is to choose a reliable Bitcoin casino and make the deposit.
What Types of Bitcoin Wallets are There?
The cryptocurrency wallets is software developed by the same producers of digital currencies which you can use to store your digital coins. Currently, you can find many different variants of wallets you can choose from. Just mind choosing a reliable wallet that can guarantee the security of your currencies. But it comes to the types of virtual wallets that you can use on cryptocurrency casinos online sites. Those three types are:
Online wallet: the first and the most common type of cryptocurrency wallet is the online wallet. This type of e-wallet operates and stores all the data on a cloud server. It is easy to set up, and it works perfectly with the bitcoin casino sites as it functions on the web browser as well. Online wallets can be accessed from any device, which makes them a great option for online casino players. Just be careful while using your online wallet as this type of wallet is the most exposed to hacking as it can be controlled and managed by a third party.
Software wallet: If you are familiar with cryptocurrency and play bitcoin casino games more often, then you are probably already familiar with the software wallets. This type of wallets comes in the form of software that you download on your computer or mobile device, and it collects the data of your transactions and stores it. This type of wallet is totally free to download and use, and they are much more secure than online wallets.
Hardware Wallet: The last type and the most secure one out of all three is the hardware wallet. These wallets come in the form of a private key that looks like a flashcard, and they store the data offline. If you are using cryptocurrencies often to play crypto casino games or buy stuff online, then you would prefer this type of wallet to ensure the security of your digital coins.
Bitcoin for Online Casinos
In fact, many online casinos accept Bitcoin payments, but despite this, it is not widely used in gambling games yet, but this is not because BTC is bad. Once you have funded in your wallet, you can transfer funds from the wallet to the casino.
Legality of Bitcoin Casino in Canada
All the cryptocurrencies, including BTC, are completely legal in Canada, and you cannot use them everywhere. Those coins do not have banknotes issued by the bank in Canada. Cryptocurrencies are decentralized finance that is not controlled by any country or bank. But still, they are 100% safe to use for depositing and withdrawing funds on any reliable BTC casino.
How to Choose Legal and Safe Bitcoin Gambling Sites?
To be sure that you picked the best bitcoin casino available in the market, you need to check the safety and security of the gambling site that you want to use. You can easily do so by check the operating licenses in the footer section and ensure their validity in Canada. Besides the regulations, you also may want to check the security of the online bitcoin casino to ensure the safety of your personal data. Reliable bitcoin online casinos use the highest security measurements to protect their players’ data.
What Types of Games are Available at Casinos with Bitcoin Payment?
Bitcoin casinos Canada is not any different from the other gambling sites available in Canada. You can play all your favorite casino games from slots with all its types and variants, table games, video poker, instant winning games, and even live casino games. Our bitcoin casino list includes only the top gambling sites that accept cryptocurrencies, and those online casinos offer their players a wide range of games to ensure their satisfaction.
Mobile Bitcoin Gambling
Mobile casino players can also enjoy playing all their favorite games using their smartphones or tablets. All our recommended online bitcoin casino sites are fully optimized to function on mobile phones and tablets in full resolution. As long as your mobile device supports HTML5 technology and you can access your wallet through it, then you can play all your favorite casino games instantly while being on the move.
Special Bonuses for Canadians
When it comes to bonuses and promotions, bitcoin casinos are not any different from any other gambling site. Those online casinos also offer their new players’ generous welcome bonuses, including a 100% match bonus and even a bitcoin casino no deposit bonus. Check our recommended sites and choose the most suitable welcome bonus for you. Just remember to read the terms and conditions to know about the wagering requirement and the bonus expiration date.
Canadian Bitcoin Casinos – Pros & Cons
Bitcoin has its own advantages and disadvantages when it comes to online gambling. Here is a table with the most important points that you should know before using bitcoin casino.
|➕ The payment method is totally safe, secure, and anonymous.||➖ Not supported by many online casinos.|
|➕ No transaction fees.||➖ Its value is unpredictable.|
|➕ Instant transactions.|
|➕ Work on all devices.|
Deposits and Withdrawals at Online Bitcoin Casino in Canada
As we mentioned before, Bitcoin is completely safe to use if you are using it carefully. Bitcoins are stored in your virtual wallet that you can keep either in cloud storage online or even offline. You can better keep the wallet on your computer or on a flash disk (hard wallet). Just keep in mind, if you put Bitcoin on a hard wallet and lose it, you will lose Bitcoin as well.
How to deposit Bitcoin
Bitcoin deposits are very easy, as is the case with a credit card or any type of electronic wallet. The first step is to create a Bitcoin wallet. Next, open the casino website and choose Bitcoin as your deposit method (first, we recommend reading our bitcoin casino reviews). Next, you have to enter the amount you want to deposit and enter the wallet address: the set of numbers and letters used to identify your account.
How to withdraw Bitcoin
If you had a lucky day and you have earned enough money to withdraw your Bitcoin, you will need to go to the banking section and choose to withdraw. After entering the amount you want to withdraw and the Bitcoin address, the funds will be transferred to your wallet.