Best Bitcoin Casinos in Canada
Bitcoin is a relatively new payment method that is gaining popularity in the online casino industry in Canada thanks to the numerous benefits to be gained by playing at an online casino with bitcoin. Over the last couple of years, bitcoin has become more and more widely accepted around the globe among players who want safer, more secure and faster ways of transferring cash online.
Top casinos across Canada, like our personal top pick Jackpot City are turning to bitcoin to provide their players with benefits such as:
- Complete anonymity when banking online
- The banking method that has the smallest amount and number of transaction fees
- The best bitcoin bonuses just for using bitcoin
- Offers both in-browser games & download software
- Available on iPhone, Android, desktop and tablet
- 600+ Games including Slots, Blackjack, Roulette & more
- C$1600 Bonus for new Canadian players
- Easy-to-use Web and Mobile casino
- Payouts of over C$5 million each day
- Some of the biggest progressive jackpots around
- C$1000 Bonus for new Canadian players
- Microgaming powered Flash software
- Hundreds of great casino games to choose from
- Some of the biggest progressive jackpots around
- C$750 Bonus for new Canadian players
Bitcoin: the what and how
While Credit Cards and eWallets have so far been the preferred methods of online payment, accessing online casinos using bitcoin is gradually becoming more popular as players become aware of the benefits of bitcoin that are not present in other payment methods. But what is bitcoin and how is it used?
Bitcoin transactions work by transferring value between wallets, with each wallet identifiable through a unique digital code.
Bitcoin is a type of digital currency that is regulated by its players and not by an established government body. Bitcoin transactions transfer bitcoin value between bitcoin wallets. Each wallet has a unique digital code to help identify it, and can be bought or sold at online markets called Bitcoin Exchange. The stand-out characteristic of bitcoin is the fact that it can be traded in any currency, making it a global form of currency.
How Canadians can use Bitcoin
Bitcoin is becoming a widely accepted form of online payment and it's not just online casinos that accept bitcoin. From online shopping sites, both local and international, to stock market frequenters to players looking to earn money in the semi-lucrative bitcoin mining industry, there is a myriad of uses for the digital currency. Aside from the advantages of bitcoin casino free spins and earning free satoshi (the smallest unit of currency) just for signing up with one of the best bitcoin casinos, starting out bitcoin play is simple and its uses are immeasurable.
How Bitcoin Transactions Work
Bitcoin works in a similar manner to an electronic wallet service in that you can use the service to create an anonymous wallet with which you can use to pay for various services online. There is additional software required to use a bitcoin wallet and some technical savvy may be required for the initial setup, however when it comes to safe, convenient and anonymous online banking, bitcoin is a leader in their field.
Bitcoin transactions work by transferring value between wallets, with each wallet identifiable through a unique digital code, and each transaction appearing on a public ledger kept by all the users of the bitcoin network. These wallets can be bought and sold on various marketplaces at the currency of your choice meaning that bitcoin is truly a universal form of currency. Online casino bitcoin withdrawals can be done quickly and their value can be easily converted into the currency of your choice.
A Globally Accepted Banking Method
Being a form of digital currency that is regulated by other bitcoin users rather than a bank or government body means that bitcoin is truly a global banking method.
Bitcoin transactions work by transferring value between wallets, with each wallet identifiable through a unique digital code. These wallets can be bought and sold on various marketplaces at the currency of your choice meaning that bitcoin is truly a universal form of currency. You can deposit your earnings from playing at an online casino accepting bitcoin and, when you make a withdrawal, you can choose the wallet you wish to send it to. From here, withdrawing it into your own currency is quick and easy.
How to Make Your First Deposit
Using bitcoin is a piece of cake - once the initial setup has been completed, everything else follows from there.
Once you sign up at online gaming site that accepts bitcoin, you will have to make your first deposit. The casino will create a temporary bitcoin wallet connected to your gaming account, whose details you will receive. This wallet is like an eWallet - all your bitcoin transactions will go in and out of it. When you click the deposit button, you will receive a unique text line, and once you input that into your wallet, it will be activated. From there, there is only the last step - choosing your amount and confirming. It is this simple.
Now that you have made your first deposit, all you have to do to withdraw your winnings is to choose your amount, input another special long text code, or an RQ code, depending on your choice, enter your wallet's public address when the site asks for it, and confirm! If you would like to now withdraw the bitcoin as cash, you can do one of two things. You can sell it to another bitcoin user who will give you cash for it, or sell it through a bitcoin marketplace, which will even let you choose your currency.
The Best Bitcoin Bonuses
The top-notch Canadian bitcoin live casinos have a whole range of different rewards just for using bitcoin casino software. These range from small sign-up bonuses to much larger bonuses for choosing bitcoin as a payment method, and all kinds of other perks and extras, making bitcoin players some of the luckiest around.
Frequently Asked Questions
Do All Casinos Accept Bitcoin?
While bitcoin is gaining popularity as an online banking option, not all of the casinos on our list of recommended lists are online casinos accepting bitcoin.
How Much Are Fees?
Bitcoin transactions are absolutely free although you can choose a small fee to have your transaction go through faster. The most reputable casinos, like those on our list of best bitcoin casinos in Canada, ensure that any deposit or withdrawal fees are kept to a minimum.
Is Bitcoin Secure for Online Casinos?
Yes! In fact, bitcoin is one of the most secure ways to pay for online goods as services. By using a bitcoin wallet to deposit and withdraw from your online casino that accepts bitcoin, you are guaranteed absolute anonymity so your personal details stay personal.
What Are the Best Canadian Bitcoin Casinos?
Our experts have carefully vetted and approved only the best bitcoin casino in Canada that are guaranteed to provide only the best bitcoin casino software, the best rewards for playing as well as the safest, most secure online casino experience.
- Real Money
- Best Bonuses
- Free Games
- No Download
- Highest Payouts
- No Deposit
- Mega Moolah
- Cashout Guide
- Interac e-Transfer
- Fastest Cashouts
- Debit & Credit Cards
- Canadian Dollars