What is Bitcoin?
If you haven’t run into the Bitcoin currency before, in the next section we will answer that basic question.
So, what exactly is Bitcoin?
Bitcoin is a decentralized digital currency, invented in 2008. Decentralized means that it does not have its own central authority, but that it can be owned by anyone. Since BTC is a digital currency, you cannot see it in physical form. It is a figure that you can see on your phone or computer. Bitcoin is accepted and traded in some countries, but it is illegal in others. The truth is that, since its inception, this cryptocurrency has advanced and grown in popularity.
Its main advantage is the security and speed of transactions. BTC can be transferred using a peer-to-peer network. It means that between two people, there is no third party acting as an intermediary and taking a share, as banks do.
There are no complications when depositing or withdrawing funds from your crypto casino account. In addition, there is security, perhaps the most important factor. Bitcoin has created a system in which it is impossible to trace the path of money. Therefore, whenever you want to send money to someone, your data will not be visible anywhere, and you will thus remain completely safe.
In order to buy and later store Bitcoin, you need to have an open account on one of the e-wallets. It allows you to make transactions as well as transfer cryptocurrencies to some other currencies. The thing is very similar to e-wallets with traditional currencies; only Bitcoin is used.
All this makes Bitcoin very easy to use, and many casino players opt for cryptocurrencies. As we have already stated, the advantages are many. It is almost certain that in the future we will see even more online gambling sites that use electronic currencies.
How to Make a Deposit In a Bitcoin Casino
If you haven’t had any experience with this type of casino or payment method before, you’re probably wondering how to get started. Using cryptocurrencies is very simple. Believe us, you will master them very quickly. In any case, you can also take a look at our short guide. We tried to briefly explain all the important facts.
Choose the best BTC casino
The first and most important step is to find the Bitcoin casino Canada that best suits your needs. Of course, every online casino has its advantages and disadvantages. So, it is very significant that its advantages suit you while its weaknesses do not affect yours.
Since you have a lot of choices today, you can visit our list of the best BTC classes in Canada and choose your favourite. Keep in mind that all the sites we have selected are top-notch, and you can expect the utmost security from them.
Register on your BTC casino
After that, you need to register on your chosen site. This step is very easy and won’t take much of your time. Simply visit the best crypto casino site and click the “sign up” button. Fill out the form with a few of your personal details, and in a few clicks, you will be ready for online gambling.
Make a first deposit
The next step is to make your first deposit into your BTC casino account. Select Bitcoin as the payment method, as well as the amount of money you want to deposit. Remember to take advantage of your welcome bonus, which is great at Bitcoin casinos. In order to activate this promotion, you need to pay a minimum amount.
Enjoy online gambling
We have come to the most fun part: online gambling. Your funds will surely be accessible in a short while. You can start your online adventure right away without any needless delay. Make the most of your welcome bonus and make big profits with fun casino games.
Bonuses You Can Claim with Bitcoin
Bonuses are every player’s best friend at online casinos in Canada. These promotions make our gambling more interesting. With fantastic bonus offers, Canadian Bitcoin casinos have made an extra effort. They try to give all of their customers the best possible gambling experience. All new players will be eligible to activate a great welcome bonus. Also, there are weekly and daily bonuses for those already active.
Moreover, in the following section, we will introduce you to all types of promotions that you can activate at BTC casinos. What we always warn players about when activating the bonus is reading the terms and conditions. For each specific type of bonus, we will highlight the details you need to be careful about. Spare a few minutes and familiarize yourself with the bonus itself, because it will certainly help you later.
Matched Deposit Bonus
The matched deposit bonuses are the most well-liked and frequent casino promotions at Bitcoin casinos. They will simply give you a certain percentage of your deposit.
Therefore, the more money you deposit, the bigger your bonus. In Bitcoin casinos, this type of promotion is frequently combined with other rewards, such as free spins. They make the promotion even more appealing.
You can usually find the matched bonus on welcome bonuses, in combination with free spins. This promotion is the biggest compared to the others and can often apply to your first three or even four deposits. The main goal of this bonus is to attract as many new players as possible, who will continue to gamble later. In order to activate the welcome bonus, it is necessary to make a deposit greater than a certain minimum, which is set by the casino. In some cases, it is necessary to enter a promo code or contact the support team for activation. All in all, this type of promotion is something you should definitely make the most of.
The following types of promotions that are made up of matched bonuses are weekly and daily bonuses. Moreover, they serve to entertain users who have been active on the Bitcoin site for some time. The fact is that they are noticeably smaller than the welcome bonus, but this means that they cannot bring you big profits. Each casino has its own different policy.
So, it is very important to choose one that, among other things, has a wide range of weekly and daily bonuses.
What you should pay attention to when it comes to matched bonuses are the terms and conditions. You need to be familiar with all the rules and well aware of your obligations and rights. That way, you can avoid potential problems and misunderstandings. Thus, before activating each promotion, take some time and read all the rules in detail. You can find them on the cryptocurrency casino website, or simply ask the support team for them.
Free Spins
As we said before, free spins usually come in combination with a matched bonus and thus make a promotion even more attractive. However, that’s not the only way you can win some free spins and have some extra fun.
Free spins promotions can also be found in weekly or daily bonuses at the best Canadian casinos. Slot fans love these bonuses, and the main reason is that they will give you a great chance of profiting from fun slot gambling. In addition, online Bitcoin gambling sites use free spins to promote a specific slot or software developer. In such cases, you can only redeem the free spins on certain titles, which will not be a problem for players.
It is very important that you know all the terms and conditions of these promotions. They almost always have a wagering requirement that you must meet in order to withdraw funds.
No-Deposit Bonus
The next type of bonus is a no deposit bonus. As the name suggests, you don’t need to make a deposit to activate these promotions, which is great.
Generally, the only requirement for activation is registration on a gambling site. This makes the no deposit bonus desirable to players because you can get profit without any risk. Precisely because of this, these types of bonuses are very small, but regardless of that, their activation is worth it in any case.
The only downside to the no deposit bonus is that hardly any Bitcoin casino has it. Players with this bonus do not have to pay anything, and in most cases, it is paid out by online casinos, which is why it is rarely offered. Therefore, you can check out our Canadian online casino catalog to see if any of them have this great bonus.
How We Find and Test Bitcoin Casinos
In the following section, we will discuss the main features of an online casino that we considered during our selection. It is critical to note that all sites selected are chosen by our experts, who have extensive experience in online gambling. They have spent many hours researching Bitcoin casinos in Canada to save you time. You can be sure that these are only the best and most verified sites where you will have a great gambling experience. Also, the next section can help you sometime in the future if you decide to find a casino that suits you. We will talk about all the things you need to pay attention to as well as how to categorize the features of a casino.
Bitcoin Casino License
In first place are casino licenses. Licenses are our main evidence that these are professional and completely safe casinos. In order for an online gambling site to receive a license at all, it is necessary to pass a series of tests that primarily examine security systems. You can easily check whether casino bitcoins have a license and if they do, which one on its website. Moreover, all the Canadian casinos we have listed are licensed, which means you can only expect fair and safe online gambling.
Secure Bitcoin Deposits
The next critical feature is the security of Bitcoin transactions, both deposits and withdrawals. As we mentioned before, the biggest advantage of cryptocurrency is actually its security. If you use Bitcoin, your data will not be visible anywhere, so you will remain safe.
Therefore, if you want to be safe from a third party at all times, gamble at Bitcoin Canada casinos.
Withdrawal Speed
In addition to security, another advantage of cryptocurrencies is the speed of transactions. Because Bitcoin is a decentralized currency, no intermediary is required during the process. This means that transactions, whether withdrawing or paying, will be quick. This is crucial for Canadian players. It eliminates the need for players to wait several days to withdraw money from their casino accounts.
If we compare it with some other payment methods, we will see that the difference really exists. Visa or MasterCard users know that it sometimes takes up to 3 working days to withdraw funds from the account. Other, more modern ways will allow a slightly faster transfer, but it will still take some time. Therefore, for players who care about this factor, cryptocurrencies are the perfect choice.
Variety of Games
We cannot talk about online casinos without mentioning the best Bitcoin casino games.
Bitcoin gambling sites in Canada are known for their very large selection of games that every type of online user will enjoy. The best software developers in the world ensured that the games were of the highest quality. Some of the most popular types of games are slots, table games, jackpots, and live games.
It is important to note that all these games are fully compatible with mobile devices. They provide you with the same dose of fun wherever you are.
As the most popular game today, online slots definitely stood out. The main advantage of these casino games is the wide variety of selections that will meet the needs of every type of player. In addition, slots provide you with a very fun gambling experience. There are also jackpot slots that will give you a chance to win with a few spins, so it’s worth visiting such games.
Moreover, fans of table games will also be satisfied at Bitcoin Canada casinos. Various types of poker, roulette, blackjack, and baccarat are here to make your time on the site as fun as possible. If you haven’t yet, we strongly recommend that you try the live versions of these games, which will bring you the atmosphere of real casinos. With the help of modern technologies, you will be able to enjoy superior gambling wherever you are.
Bitcoin Bonuses and Promotions
Bonuses will be your best friends during your online adventure at a Bitcoin Canada casino.
These promotions provide you with both great chances of winning and the enjoyment of gambling itself. In the sections above, we discussed the types of bonuses in more detail, so there is no need to repeat them. We would like to emphasize that all the selected sites provide excellent promotions. As a result, it is worthwhile to pay them a visit.
Fees on Bitcoin Payments
It is important for players at online Canadian casinos to lose as little money as possible on commissions during transfers. Since no one wants to give money away, users choose the most profitable payment methods based on this parameter. So, Bitcoin once again triumphs. Because there are no fees when paying or withdrawing money using Bitcoin. Therefore, the choice is very easy. If you don’t want to pay the banks part of your money, simply use cryptocurrencies.
Payment and Betting Limits
Because we have so many different types of players, each one has their own strategy. As a result, it is significant that our online gambling site has high limits that suit all types. This is exactly what we paid attention to during the selection of Canadian bitcoin casinos, so that you do not have any difficulties later.
This fact will mean even more to players who like to gamble for big money and enjoy risk. If we compare with some other casinos or payment methods, we will see that there is some difference. This is where we come to the factor we have already talked about, namely the commissions. The more money you pay, the higher the commissions, and thus you lose money. Bitcoin simply solves all problems in one, so players can deposit large sums of money without commissions.
The Pros and Cons of Using Bitcoin Casinos
Pros:
- Instant deposits and withdrawals
- Decentralized currencies
- Free from deposit and withdrawal fees
- Available worldwide
- Completely secure payment method
- Great bonuses and promotions
- Top-notch software developers
Cons:
- Bitcoin is volatile
Are Bitcoin Casinos Safe?
The answer to this question is very short and simple: Yes, Bitcoin casinos are completely safe. There are several reasons why you can trust these types of online gambling sites, which we will list below.
Firstly, it is important to remember that Bitcoin is an electronic currency and does not have its own headquarters. This means that not a single person is behind this currency, and no one in the world can see the details of the transaction. This is not the case with banks, where every transaction is recorded and all our personal data is visible.
This is the main reason why Bitcoin as a currency is so popular among gamers today.
Online gambling sites also recognized this great advantage and decided to allow their players to use cryptocurrencies, primarily Bitcoin. So, today we have all the advantages of this electronic currency in online casinos. Keep in mind, however, that not every online casino will be able to accept Bitcoins. It is necessary to fulfill a large number of conditions that guarantee that it is a preprofessional site. Our recommendation is to open an account on one of the recommended sites and explore all the possibilities of Bitcoin gambling for yourself.
We believe that this is the currency of the future and that its popularity will only grow even more.
Processing Times When Using Bitcoin at Online Casinos
When it comes to transaction time, cryptocurrencies are unquestionably the clear winners. It is important to all players in Canada that transactions are completed quickly so that we do not have to wait unnecessarily.
If you use credit or debit cards as a payment method, then you know that sometimes it takes several days to withdraw money from your account. Also, using some other payment methods is not fast at all when we talk about the time needed to withdraw the money. This can be very irritating for players because waiting for things like this is always unnecessary. Moreover, all those disadvantages disappear when you use Bitcoin.
As we have already mentioned, Bitcoin does not have an intermediary that will make transactions between two people, as is the case with banks. The money simply goes back and forth without any distractions or commissions. It’s very simple; it only takes a few moments to complete a transaction, whether you’re depositing or withdrawing. Therefore, if this factor affects you and you want your money to be available at all times, Bitcoin or another cryptocurrency is a great choice for you.
What Other Cryptocurrencies Can You Use at Online Casinos?
In addition to Bitcoin, you can find other cryptocurrencies at Canadian online casinos. Some of the most popular are Ethereum, Tether, Dogecoin, and others. Differences between them certainly exist, and each of them will suit a certain type of player. The fact is that Bitcoin is the most known cryptocurrency and is currently used by a lot of people. However, you may like another one and decide to use it.
When choosing your cryptocurrency, you need to familiarize yourself with it beforehand. The most important factors are commissions, speed of transactions, and how stable a currency is. The last factor is perhaps the most important because it directly affects your financial situation. Moreover, in the following text, we will talk in more detail about the other most popular cryptocurrencies and list a few of their main features.
Ethereum
Ethereum is the second-most popular cryptocurrency in the world today, right behind Bitcoin. Ethereum was founded in 2015 by a group of developers. When comparing Bitcoin and Ethereum, remember that Bitcoin is designed as a digital currency platform. Ethereum is designed as an application development platform for enabling transactions and operations.
At online casinos in Canada, Ethereum is a very common option for making transactions.
Like Bitcoin, it offers instant transactions and superior user security. It is entirely up to you which cryptocurrency you use, but you will not go wrong with any of them.
Tether
Tether, or USDT for short, is an asset-backed stablecoin cryptocurrency. It was founded in 2014 by Tether Limited, a company based in Hong Kong. This cryptocurrency is not as popular as the two above. However, it proved to be a good online casino currency, and players recognized it very quickly. Today, you have many crypto casinos where you can deposit and withdraw money with the help of this coin.
Dogecoin
A cryptocurrency with a very interesting story behind it is Dogecoin. This currency was created in 2013 by two software engineers. They wanted to make a joke about the cryptocurrencies of the time. It was called the “meme” currency or the “dog” currency, from which it got its logo.
Despite its sarcastic nature, Dogecoin has thrived and is very popular today, even among online casinos. Like other cryptocurrencies, Dogecoin offers great benefits such as security and fast transactions. Aren’t these what every online player needs on gambling sites?
Conclusion
We have come to the part where we will summarize all the impressions about Bitcoin casinos. We want to determine whether they are the right choice for you. Of course, everything has its advantages and disadvantages. As we have already said, in the world of online gambling, it is very important that the disadvantages do not affect our gambling strategies.
What we have to single out first as the main impression is the safety and speed of the Bitcoin transfer, as well as other cryptocurrencies. It is simply its biggest advantage. Almost certainly we cannot find an opponent among the traditional currencies in those areas. With Bitcoin, everything is much simpler, and you will feel as if you are your own boss and are not dependent on the illogical rules of banks. Also, as we have already said, all your data is hidden. Unfortunately, this is not the case with other payment methods.
As a disadvantage of this currency, we can single out its inconstancy in value. As we already know, cryptocurrencies do not have a constant value. Their value changes over time depending on some other economic events. Of course, it can be good for you because sometimes Bitcoin goes up, while on the other hand, it doesn’t have to. Unfortunately, you cannot predict the rise or fall of cryptocurrency. We are left to accept the fact that its value will constantly change.
We should not forget to mention that if you use Bitcoin, you don’t have to pay any fees. There is simply no unnecessary waste of money, which certainly means something to us in our online adventure. Furthermore, withdrawal limits are often higher when using cryptocurrencies. However, this situation varies by casino.
What is obvious is that there are far more positives than negatives. We have to admit that, over time, the impression has been created that players do not want to use Bitcoin because they do not understand it. But now that you know all about cryptocurrencies, we think the choice is much easier. Moreover, Bitcoin casinos are the future of online gambling. Believe us, you will get used to them very quickly because they offer much greater opportunities.
