Crypto Casinos In Canada: Casino Legends Online Guide
Gambling with cryptocurrency is one of the latest innovations in blockchain and online gambling. Find out more about the ever-growing crypto gambling scene with Canadian online casinos now embracing Bitcoin as a payment method. Find out which casinos accept Bitcoin in Canada and which cryptocurrencies can be used for online gambling.
Why Try Crypto Casino in Canada?
Cryptocurrency gambling in Canada has become vastly enchanting, with platforms being widely considered more exciting with easier banking, blockchain technology, anonymity, and much more. Whatever your reason for being interested in crypto casino games, rest assured you will have a positive experience by choosing a Casino Legends-approved crypto casino. Prepare yourself for the extravagant benefits of exploring crypto casinos in Canada with the advantages listed below.
More Extensive Games Selection
Are you looking for a more extensive game selection? By enjoying casino games with Ethereum or Bitcoin in Canada, you can look forward to a wider game selection if top game providers actively supply the casino. It is always important to first look at the online casino’s game selection, as not all crypto casinos have an extensive range of gaming options.
Secure and Quick International Payments
If you are familiar with cryptocurrency, you will know by now that processing time with international payments is much faster than when making international payments in local currencies. Although different cryptocurrencies will differ in their block times and even their transaction speeds, it is estimated for Bitcoin to take a mere 10 minutes to be confirmed and a mere few hours to be processed for withdrawals. With international bank payments, this is much faster than the estimated up to 7 days. Furthermore, with cryptocurrencies using blockchain technology, you can be sure that the chance of fraud occurring while you transact is near impossible. This security protocol is specifically designed to safeguard your sensitive data and transactions. Furthermore, it does not require any information that will open your identity to cybercriminals.
Crypto-Specific Bonuses to Your Advantage
Crypto-specific bonuses are perfect for players looking to have the best possible value when it comes to withdrawing their funds. With the use of crypto-specific bonuses, you could possibly receive a good sum of crypto-bonus credits to play casino games and expand on the overall amount you have started with. As Bitcoin and other cryptocurrencies are much more worth in value than money currencies, the bonuses are essentially bigger. Many online casinos will, however, offer you an option of either money currency or cryptocurrency as a bonus when opting in for a bonus. Remember that crypto is highly volatile. Thus, your win amount can be withdrawn once your preferred crypto is stronger.
Lower Transaction Fees
Even though online casinos generally don’t impose fees on any transactions, your bank or financial provider will have their own fees, which you need to pay for each deposit or withdrawal. When considering Bitcoin payment fees, for example, the highest amounts of fees are only a few cents for a transaction. This makes Bitcoin one of the most popular cryptocurrencies for online gambling, especially when making withdrawals.
Higher Withdrawal Limits
With crypto casino transactions, there are no middle-man companies that need to take a percentage of a transaction or impose other fees for being able to transfer money. Thus, cryptocurrencies usually do not have as serious limitations on the amount of crypto you can deposit into your casino account. This does, however, depend on the particular casino you are using.
Casino Legends Approval Criteria for 0nline Casinos
Cryptocurrency gambling in Canada is the new craze in online gambling and provides players with an exciting casino experience with anonymity and the highest level of security. It is, however, still important to consider whether an online casino is reputable or not, whether they have quality gaming, helpful bitcoin bonuses, and more. We have taken great care in carefully researching Canadian online casinos that truly provide their members with all these important factors. See the factors below that we consider to ensure you have a secure cryptocurrency casino experience, whether you are looking for Ethereum gambling in Canada or just looking for top crypto gambling platforms overall.
Casino Games Variety
Casino Legends carefully considers Crypto-friendly Canadian casinos and what they offer to their members in terms of cryptocurrency games. We are dedicated to exploring crypto casinos in Canada to determine which platforms have the best selection of games. Comparing crypto casino options in Canada quickly proves just how many reliable options are available and what the perks of playing at crypto casinos are. We recommend online casinos with games from the most reputable game providers, such as Blue Print Gaming, Betsoft, and YGGDRASIL.
Security and Trust
Looking for Canada’s most trusted crypto-friendly casinos? Crypto casinos are well known to be the most secure platforms. When considering crypto deposits and withdrawals at Canadian casinos, you can be assured of the most secure banking due to transactions on crypto casinos typically being conducted through blockchain technology. Blockchain technology is well known for being one of the latest innovations in online gambling, providing transparency and immutability of your personal data. It is, however, vital to consider that just because crypto casinos are generally more secure, it does not mean that all crypto casinos are. Always consider the casino’s licence and regulatory authority to be legit and fully legal before loading your crypto digital wallet address for transactions on the platform. By reading our casino reviews, you can be sure that the online casino has legitimate licensing and security.
Platform Navigation & User Experience
Crypto casinos generally have the same dedicated focus on easy platform navigation and user experience as with other online casinos. Crypto casinos mostly just have the added benefit of security and the ability to gamble and enjoy casino games with Ethereum or Bitcoin in Canada. We carefully consider whether each casino has a platform that is easy to navigate and that user experience through payments, support, and gaming is without any hassles. Furthermore, we carefully examine whether the platform has more than one support channel and whether 2/4/7 support is available through live chat.
Helpful Crypto-Specific Bonuses & Promotions
In our expert opinion, any online casino that supports cryptocurrency should have promotional offers on the table specially designed and curated for the use of crypto. We carefully investigate crypto-specific bonuses and promotions for Canadian players and provide you with advice on how to meet wagering requirements and more. Looking for a Bitcoin bonus? Claim your BitStarz welcome package of $500 or 5BTC + 180 free spins for the ultimate online casino experience in Canada.
Banking Options
If you are looking for an online casino that is not focused solely on cryptocurrency payments but rather provides you with a vast number of options in reliable banking, you can trust Casino Legends banking reviews to find a multi-payment method casino in Canada. As banking efficiency is one of the best advantages of using cryptocurrencies at Canadian casinos, we do our due diligence in reliable and thorough banking reviews.
Payouts
We carefully consider not only banking options of crypto, e-wallets, and banks but also withdrawal processing times to ensure you will be able to withdraw your winnings fast. Furthermore, we also consider each casino’s payout percentage to ensure that you are joining an online casino with a proven track record of paying out winnings to its members.
Cryptocurrency/Bitcoin vs Traditional Online Casinos
If it comes down to a winner, it all depends on what your particular online gambling needs are. If you are into highly volatile gambling that provides you with an extra layer of a win/lose situation, cryptocurrency casinos could potentially become your go-to option. If, however, you love the entertainment factor of relaxing with casino games or the immersive feeling of live table games where you can win real money to transfer to your debit card, then the latter may be your best option.
Crypto Casino Pros
- Full Anonymity
- High-end Security
- Extravagant Promotions
Crypto Casino Cons
- Not supported by many casinos
- Not recommended for beginners
- Highly Volatile with value fluctuations
Traditional Online Casino Pros
- Readily available throughout the world
- Well-known banking options that any beginner online casino player can use
- Regulated by very reputable government authorities
Traditional Online Casino Cons
- Personal information is required for KYC
- Security is not on par with crypto casino
- Transaction fees from banks and financial providers
Types of Cryptocurrencies for Online Casinos in Canada
Cryptocurrencies have become vastly popular for their dedicated focus on online security and anonymity. With the creation of Bitcoin in 2009, the world saw an almost immediate increase in more cryptocurrencies being created to challenge Bitcoin. Below, you can find information on different cryptocurrencies available for use on most online casinos in Canada. Availability will, however, depend on the online casino you are using.
Bitcoin
Bitcoins is by far the most popular cryptocurrency for both online gambling and investments and has been the go-to choice since its formation. What makes Bitcoin one of the most popular options is the fact that its value is consistently growing, making it worthwhile to hope for larger returns once you withdraw your winnings. Other than being one of the wisest options to consider for value, Bitcoin also outweighs many cryptocurrencies with security, anonymity, and liquidity.
Ethereum
Ethereum is popular for online casino banking as it has a competitively sufficient digital wallet system that has convenience as its main benefit, together with security. The Ethereum platform is well known for its safe and secure blockchain use. Furthermore, one of the best advantages of playing casino games with Ethereum is that many Ethereum-exclusive games cannot be played with other currencies. These exclusive games will, however, only be available on certain online casinos.
Litecoin
Litecoin was one of the first Bitcoin alternatives and still provides leverage for online casino players in Canada looking to add more return value to their withdrawals. Litecoin was practically designed to hold value to its rarity. Bitcoin is, however, still at the top of the list of most popular casino payment methods in cryptos due to a more consistent upward trajectory of value. Litecoin can be found at all of Canada’s most trusted crypto-friendly casinos and can be a great option for deposits and withdrawals with fast processing.
BitcoinCash
BitcoinCash makes it easy for online casino players to make smaller deposits and withdrawals due to its lower value per coin ratio. This makes it easy for players who are not interested in roller games to make deposits in their budget while still benefiting from cryptocurrency returns. BitcoinCash and Bitcoin operate under the same set of rules with the same consensus mechanism on the same secured network, making it a rising cryptocurrency option for smaller online payments.
Casino Legends Canada: Guide to Crypto Gambling with Bitcoin
Are you looking to explore crypto casinos in Canada by playing with Bitcoin? The guide below will help you get started in no time. Bitcoin is one of the most popular cryptocurrencies for online casino games, and many believe it is one of the most lucrative for adding extra value to your withdrawals if you have won a substantial amount from the casino.
Access a Bitcoin Canada Casino
With crypto casinos being legal in Canada, you can find many different options in casinos that provide different bonuses, banking, and gaming variety. Find your preferred licenced and regulated Bitcoin casino legal for Canadian players, such as BitStarz, and take a look at their games, banking, layout, navigation, support, etc. If the casino seems like a good option for your crypto-gambling needs, you can follow the next step in signing up for the casino.
Create A Casino Account
This step simply requires you to sign up for the online casino by going through the signup process and providing the casino with all relevant information in being able to sign up. Luckily, with crypto casinos, the KYC process is much less strenuous and only requires you to provide information to prove you are of legal age and proof of where you are gambling from. There is no need to provide details on banking information.
Deposit With Bitcoin
Whether you are looking to gamble with Bitcoin or other types of cryptocurrencies, you will need to deposit with your crypto wallet to verify your account and start playing games. Simply go to your casino’s cashier section, select Bitcoin as your deposit method, navigate to your Bitcoin wallet and stipulate the address. Lastly, you can enter the deposit amount, and the funds will become available in a few minutes.
Choose Among the Gaming Options
If you have chosen a reputable Bitcoin online casino for Canadian players, you will have many games to choose from with top casino game providers in the industry. Some of the most popular games to play with crypto in Canada include Book of the Dead and Rise of Olympus. Although not all developers are providing crypto casinos, you will still be able to play games from Play n Go, BetSoft, BitStarz Originals (BitStarz casino), Belatra Games, Blueprint Gaming, and more.
Enjoy the Experience
Cryptocurrency casino games, whether exclusive or not, are packed with entertainment while providing you with a chance to explore the latest in iGaming innovations. Canada casinos with crypto are vastly available online and can assist you in the next step of online gaming.
What to Consider Before Gambling on Crypto Casinos
First thing is first, join a reputable online casino approved by Casino Legends that provides you with a variety of cryptocurrency options that include well-known crypto, such as Bitcoin. If you are looking into gambling with cryptocurrency on online casinos in Canada and you already have a crypto wallet, you can simply consider the following factors before getting started.
Licenced and Regulated?
All online casinos, whether operating with crypto or cash currencies, should be licenced and regulated by the appropriate authorities. In Canada, the casino will have to be licenced by the Canadian Gaming Association or other internationally recognized authorities such as Malta Gaming Authority or Curacao.
Legal in Your Country?
Not all countries have legalized cryptocurrencies as legal gambling currencies. This is because crypto is not regulated as well as other currencies. You should consider whether your country deems it legal or not. Luckily, in Canada, crypto casinos are legal. Places where crypto casinos are not legal include the US, UK, and Netherlands.
Risk
There are risks involved with cryptocurrency due to the value being extremely volatile. This means that even if you withdraw the same amount you deposited, you may have more or maybe less than you initially ”invested”.
How to Cash-Out Crypto Wins from Casinos?
If you have won enough BTC or other cryptocurrencies to be able to make a withdrawal, you can easily get started. Although different from withdrawing cash to bank accounts and e-wallets, the process of withdrawing your crypto from online casinos is still easy. You will simply need to comply with the casino minimum withdrawal limit, must have made a previous deposit, fulfilled wagering, and finally have a Bitcoin or other crypto wallet.
Crypto Wallet
Crypto wallets are a necessity; as a matter of fact, you cannot have a Bitcoin or other crypto account without a digital wallet. Crypto wallets enable you to make transactions with your cryptocurrency to and from online casinos. To withdraw any winnings, you will simply need to load your crypto wallet address to your casino profile or the cashier section form where you are withdrawing from. By providing your wallet address, your winnings will be directed straight to your specified location. Always check your wallet address twice to avoid losing any winnings due to providing the wrong information.
How Long Does a Casino Take to Process Crypto?
Generally speaking, online casinos will take up to 48 hours to process your crypto withdrawal but may only take around 24 hours. It all depends on the amount and the online casino that you are withdrawing from. This is on par with most online casinos in Canada, taking up to 3 days to process withdrawals from other payment methods such as debit cards and e-wallets.
Are Cryptocurrency Casinos Legal in Canada?
Cryptocurrency casinos are legal in Canada as long as the online casino is regulated and licensed by an official gambling authority. By accessing online casinos such as BitStarz, you can look forward to popular game titles to play with your desired cryptocurrency. Some countries do, however, forbid online casinos that accept crypto as a form of payment to operate in their jurisdiction. This should be considered if you are travelling abroad, yet if you reside in Canada, you can join a cryptocurrency online casino for some of the best entertainment online.
Crypto Casino FAQ
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Is it safe to gamble with crypto casinos?
Yes. Some crypto casinos are among the most popular casinos for players looking to explore a new means of gambling online. Crypto has long been one of the most popular means of financial investment and has now become standard with many gambling platforms.
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Is crypto online casinos legal?
Not everywhere. Luckily, in Canada, it is legal to gamble on online casinos with cryptocurrency. Some countries where it is not legal for cryptocurrency casinos to operate include the UK, USA, Netherlands, and many others. This is mainly due to cryptocurrency not being regulated, as well as real money currencies.
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How can I find legit crypto gambling sites?
Legit crypto online casinos do exist and are available depending on where you are playing. You can visit any of the online casinos recommended by us to see if they accept cryptocurrency or not and what their licensing and regulation status is. As one of the leading cryptocurrency casinos in the world, BitStarz stands as a legitimate and reputable option for Canadian players.
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What games can be played at Bitcoin and crypto online casinos?
Bitcoin and crypto online casinos have, among others, the most popular online casinos found on most online casinos. These games are provided by reputable game providers such as Microgaming, Betsoft, and NetEnt. The games available from crypto casinos will depend on the online casino you are playing from.
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Do I have to pay taxes on my Bitcoin winnings?
Gambling winnings are generally not taxed in Canada, Australia, and the UK. Canadian gamblers can look forward to tax-less casino winnings through gambling with cryptocurrency in regulated casinos. If gambling is, however, your only source of income, you may need to pay taxes on all winnings withdrawn from the casino.