Online Casinos in Canada Offering Bitcoin
Canada is one of the leading online gambling markets, with online casinos being regulated by the different provinces with their own regulatory bodies; and Bitcoin is offered across most of those sites. As a player from the country, you'll certainly find a legit site that accepts the crypto, to enjoy a smooth online gambling time. If a newbie or you simply want to know more about Canadian Bitcoin casinos, you've come to the right place. We'll make sure you know all about the legality of crypto in Canada, and how to use BTC for deposits and withdrawals across online casinos, plus, as a bonus segment, you'll even get to know some modern payment methods which offer Bitcoin through their platforms. Why use Bitcoin across Canadian online casinos?
The Legality of Cryptocurrency in Canada
There’s no secret that, when the world’s first-ever digital currency was launched, it was considered outrageous, suspicious, and obscure; that's why many countries, including Canada, refused to embrace it and were on the verge of forbidding it within their borders. With time, however, Canada changed its stance when it comes to Bitcoin, and today, it is one of those countries where crypto is welcome and quite popularly used among users.
While pretty crypto-friendly, however, Canada did not make it a legal tender, like El Salvador, for instance, but took a really careful approach to it. Crypto regulations were implemented with caution, and the country made sure to be always alert and in control of asset trading. The Canadian Securities Administrators oversee the activities revolving around crypto trading; the CSA publishes any new updates or developments regarding crypto, so if interested in the situation with BTC at the moment, you better check its site. Trading sites in Canada must register their platform and get the proper permissions to offer their service, so also, when looking for one to join, make sure you check whether it is duly registered and legal, but more on that later.
Now, when it comes to online gambling, it is legal completely. Local authorities are in charge of issuing licenses to interested offshore online gambling sites. Once they get their license, operators are free to cater to all Canadian players. Licenses are issued by separate gaming regulators and each province where online gambling is legal, has its own regulatory body. Kahnawake, Alberta, Nova Scotia, British Columbia, and Ontario are just some provinces with legal online gambling and respective regulatory bodies that issue licenses to interested operators.
What's more, these provinces are also crypto-friendly, so you can freely engage in BTC gambling the minute you want to, as long as you’ve joined a legit Canadian casino site. If interested in knowing more about the whole process, let us guide you through the entire procedure step by step, so that you know what to do from the moment you get the desire to use BTC at an online casino to actually do it.
How to Use Bitcoin at an Online Casino?
Crypto gambling is not illegal in Canada; in fact, more and more Canadian sites accept crypto and allow their players to enjoy instant deposits and withdrawals. So, if a Canadian player, you should know that hundreds of sites are at your disposal to explore, to find the most perfect one to join and play using BTC. But to do that, you first need to get your coins. You can mine for it, of course, but the safest and painless way to obtain some BTCs is to actually buy them using fiat currency at a trading platform we mentioned earlier. So, you can actually just use Canadian dollars to purchase BTCs with ease.
So, if you decide to go with mining, you'd need to do proper research and get the right equipment, plus ask for help from someone who knows more about crypto and mining. But, if you make the smarter decision and decide to purchase some coins, you'd just need to look for a popular trading platform registered in Canada and join it. Binance stopped operating in Canada, sadly, as of May 2023, but there’s a great option right around the corner, Coinbase, one of the leading crypto exchanges, which actually started operations in the country a while ago. Try and you’ll find other options, too; join the one that you liked the most and you’ll be ready for the next step.
Once you register an account with a chosen trading platform, it’s time to connect a payment method to it to actually pay for your coins. Dozens of options would be offered, for sure, so you can decide to go with an eWallet, a credit or debit card, and even crypto wallets, to purchase your BTC with either Canadian dollars or a different digital currency you may own. Specify how much you wish to purchase, and complete the transaction.
Your coins can stay safely stored on the trading platform, but the safest way to keep them is on a crypto wallet. Exodus, Ledger Nano S, and MetaMask are just some great crypto wallet options you might want to explore, but you'll certainly find many others that operate in Canada. Find the one for you and create an account with it. Once you do, you'll get the public and private keys, your alphanumeric addresses using which you'll be able to send and receive coins. Get back to the trading platform and follow the intuitive steps to transfer your coins to your wallet, if that's what you decide to do.
So, regardless of whether you choose to use your coins straight from your trading platform profile or your crypto wallet, it’s time to learn how to actually make a deposit with BTC. First, you’d need to find yourself the most suitable Canadian cryptohttps://lcb.org/restrictions/uk casino to join. You’ll find that many casinos already offer it, and many are looking to introduce the crypto to their offering, so select the ones that suit you most and find your winner. As soon as you do, register an account with it. To fund your online casino balance with BTCs, go through the following steps:
- Head over to your chosen casino’s Deposits page and press BTC’s logo.
- In a little pop-up, the casino’s key will be displayed and you need to copy it.
- Specify how much you’d like to have on your casino balance.
- Paste the casino’s key in the designated field and confirm the request; the BTCs will arrive instantly.
Now, you know that the crypto is one of the fastest deposit methods, but did you know that it is also one of the speediest withdrawal methods? In fact, it is a preferred withdrawal method for hundreds of Canadian players, thanks to the speedy transaction processing times. The procedure you'll go through when it comes to withdrawals is pretty much the same, only this time, it is your crypto wallet key that will be copied and pasted in the designated field so that your winnings arrive in your wallet as soon as the withdrawal request is approved by the operator.
The Best 3 Payment Methods that Offer Bitcoin Across Canadian Online Casinos
Now that you know how to get started with it and use it across online casinos in Canada, it’s time to learn that there’s an even easier way to start depositing and withdrawing with it across online casinos. That’s right, there are plenty of international and national payment methods you could use instead, which offer BTCs, without having to go through the just-described procedure. As long as you have an account with one of the following, you can start transacting with the crypto and/or Canadian dollars simultaneously, and switch between them whenever you want. The following are the best 3 payment methods to use:
- Blue Rewards Card – Blue Rewards Card is a card convenient for Canadian and US players, as it offers users the chance to transact in Canadian and US dollars, but also several cryptos, BTC included. It was designed for online gambling precisely and offered across a limited number of sites, six hand-picked, safe casinos to choose from. It offers fee-free and instant deposits and can be funded with Interac e-Transfer, American Express, Bitcoin and VISA, among others.
- Jeton – Even though launched in the UK, Jeton is a global eWallet that offers over 50 currency options, BTC included. It can be funded with over 70 world-class payment methods, it is incredibly safe and secure and offered across most, if not all, Canadian online casinos. It also offers a voucher which is even easier to use for deposits, and it is incredibly cost-efficient.
- MuchBetter – MuchBetter is an international eWallet that accepts both fiat and digital currencies, providing you with safe pathways for you to send, receive, and store BTCs. It is easy to get started with and secure, and available at most Canadian casinos, so it is the dream match for you to fund your casino balance and cash out your winnings from it in your favourite crypto.
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FAQ's
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