Bitcoin is the real revolution of the modern age and now it has made its way quickly into the world of gambling. Valuing 100% anonymity, incredibly fast transactions and ease of use, Canadian bitcoin casino platforms are becoming extremely popular now. Countries in which gambling is allowed, such as Canada, can access online casinos that accept Bitcoin, and play their favorite games with digital currency. If you would like to find the best bitcoin casinos in Canada, read on and learn everything you need to know about cryptocurrency casinos.
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Canadian casinos have been working with fiat currency for years, but now crypto gambling takes center stage. It is therefore clear that almost all sectors of the gambling industry will soon be affected by the slowly progressing blockchain technology. There are currently more than 12,000 cryptocurrencies in the digital market and many new coins being introduced constantly. These coins are also growing rapidly, with many cryptocurrency experts predicting their value will steadily increase. However, the BTC gaming sites mainly work with the most popular cryptos on the market.
Additionally, many Canadians are now buying various currencies in digital markets therefore gambling sites are currently reacting to market trends. The casinos started to offer these new coins on their platform, allowing gamblers to choose their favorite cryptocurrency while playing.
The Canadian government has legalized digital currencies. This means that Canadians can buy, sell and trade any currency. Therefore, Canadians should expect an increase in these cryptocurrency gaming sites and the changes that come along with them.
Online casinos are beginning to accept cryptocurrency as a payment method. This is largely due to the fast and secure transactions offered by digital currencies. In addition, cryptocurrency transactions are often processed with lower fees than traditional methods like credit cards or bank transfers.
One of the most common cryptocurrencies used for online casino transactions is Bitcoin. However, other cryptocurrencies such as Ethereum, Litecoin, Bitcoin Cash, and Ripple are also becoming more widely accepted. These digital currencies offer many of the same benefits as Bitcoin, such as fast and secure transactions with lower fees.
Using cryptocurrency as a payment method in online casinos also offers increased privacy as compared to traditional methods. Transactions made with cryptocurrency are recorded on a public ledger, but the identity of the person making the transaction is not revealed.
It’s important to note that not all online casinos accept cryptocurrency as a payment method. Therefore, it’s recommended to check the terms and conditions of the online casino before making a deposit. Also, as with any investment, it’s important to do your own research and understand the risks involved before using cryptocurrency as a payment method in online casinos.
From the first time since cryptocurrencies appeared in the casino industry, Bitcoin gambling brought a lot of benefits to the players. Some of the changes that come along are quite different from the traditional online casinos. Moreover, crypto casinos have grabbed the interest of a huge amount of new gamblers. Therefore we will now present some of the positive changes of these BTC casinos has brought in the Canadian online gambling industry.
Crypto casinos are leading the way in providing better security for their players, nonetheless it’s safe to say that they revolutionized the whole gambling industry. These casinos operate with blockchain technology, which excludes totally of any third-party software to be used.
As the whole system is decentralized it makes it more difficult to hack, moreover no personal details are required, which makes it even more secure compared to traditional gambling sites you might need to go through a KYC and give your credit card details or any other personal information.
With crypto casinos you can get higher bonuses attached to particular cryptocurrencies when you play. These bonuses are specific to BTC gambling sites only. Needs to be mentioned that the promotions and weekly bonuses for their new and loyal customers can be highly rewarding as well.
The lack of transparency and accountability of traditional online casinos has plagued them for a long time. This is why many of these traditional online casinos have lost customers to BTC gambling platforms. Traditional casino advertisements are also not always true, and some use gimmicks such as fake bonuses and promotions to attract new customers.
However, Canadian casino players can expect a high level of transparency from Bitcoin casinos. As such, this level of accountability is a very welcome development for the Canadian gaming industry.
As a result, many Canadians now became more confident regards the online gambling industry. One of the ways these crypto gambling sites maintain this high level of transparency and fairness is through the use of gambling licenses, authorized by government entities. In addition, most Canadian BTC gambling sites use the Curaçao gambling license, which is one of the most popular gambling licenses in Canada.
Let’s begin with one of the most popular features of Bitcoin – the ability to remain anonymous or simply said to not reveal unnecessary information about yourself. Most online casinos require users to confirm the identity of a document or a mandatory link to a bank account for further verification. Not everyone wants to share their personal data, some don’t have the option at all, the internet and bureaucracy together is a bad combination sometimes and can make things difficult.
Another pain point for traditional casinos is security services that can block your account at the slightest suspicion of fraud. Sometimes it’s enough to accidentally get to the same table with scammers who launder money obtained by criminal means to permanently lose access to your account. The security service will block your account and freeze (in favor of the casino) the money in it. Bitcoin casinos have a slim chance of having your account blocked due to suspicion of the source of the funds. Therefore, one of the main characteristics of Bitcoin applies to Bitcoin casinos – the user’s money belongs to the user.
As you know, 1 bitcoin is 100 million satoshi, and this feature of bitcoin to be divided into small portions is extremely beneficial in the case of cryptocurrency casinos. It’s not just about bets less, say, C$ 1. You can easily play for amounts like 0.00001000 BTC (1000 satoshi), which is equivalent to C$ 0.002 today. Thus, the doors of Bitcoin casinos are open not only to hunters of big jackpots, but also to those who simply want to play their favorite games for symbolic amount of money.
A favorite characteristic of Bitcoin’s critics – high volatility – cannot be ignored. For players, this is an obvious and nice bonus if the price of Bitcoin goes up. Imagine you had some winning bitcoins in your account back then at the end of October 2013, and in November the price of those bitcoins started to increase 10x. The price of bitcoin is always changing, therefore, your winnings of yesterday, could worth more tomorrow.
Let’s imagine that you live in a country where gambling is prohibited not only in real life, but also on the Internet. Traditional online casinos will not let you play for real money. Yes, you can use IP addresses from other countries (through some VPN service), but when you add funds from a bank card or identify yourself in the service, you may be noticed by the security checks. With Bitcoin casinos there is no such problem, even if you have to use a different IP address, your bitcoins will not tell anyone who you are or where you are from.
After all, it is worth emphasizing that when you choose a Bitcoin casino over traditional gambling site, you are choosing new technologies that contribute to their development and spread. Plus, by default, you’ll be part of one of the most interesting and active communities on the Internet.
Bitcoin is an electronic currency, and the generation and management of monetary units is done using encryption technology. Additionally, Bitcoin is a completely decentralized form of cryptocurrency as it has no central authority to control it, and it does not belong to any government entity.
Bitcoin casino players typically purchase Bitcoin from providers such as Coinbase.com, Localbitcoins.com, and Binance.com. In addition, players can buy bitcoins from each other, because anyone who owns a bitcoin can sell or transfer to someone else. Bitcoin casino players can buy Bitcoin with different standard currencies and different payment methods.
Simply put, they are casinos where players make deposits and/or withdrawals using cryptocurrencies. Players use Bitcoin to finance the games they plan to play at the crypto casino of their choice. Digital currencies, which provide users with anonymity and complete control, among other things, are considered by many players to be one of the safest forms of gambling. Many online casino sites have the same terms and conditions as traditional casinos. However, the only major difference is that a bitcoin casino player can play their favorite casino game with bitcoin and then use it to win bitcoin. Bitcoin casinos are popular for many reasons:
The digital account used to store, send and receive cryptocurrencies is called a Bitcoin wallet.
As cryptocurrencies continue to gain popularity and attention around the world, these digital currencies seem to have entered the online gambling industry with flying colors. Cryptogambling itself is not a new phenomenon, it has been around for almost a decade. However, currently we are witnessing more and more casinos offering several attractive features like $50 free chips casino in Australia. They use cryptocurrencies as one of the accepted payment methods. Based on their anonymity and high level of security, we now have the best cryptocurrency and bitcoin casinos, which have recently become a new mainstay for most casino players around the world.
Yes, you can get bitcoins without spending money when you create an account at a bitcoin casino that offers promotions and bonuses, however we encourage you to read and follow the terms and conditions.
Most bitcoin casinos are unlicensed and regulated. However, it is essential that you play bitcoin casino gambling at licensed and regulated bitcoin casino sites. Therefore, always check what type of license the crypto casino holds.
There is no doubt that gambling in Bitcoin casinos is safe, and your personal data is protected when playing with crypto currency. However, it is not an easy task to find out what makes these sites safe for players. Always check if the casino is regulated and holds a valid license. On our website you can find licensed casinos, that were reviewed by casino experts so you can play safe.
BTC is an abbreviation for Bitcoin Currency, mBTC is Mili-Bitcoin which is 0,001 Bitcoin and uBTC is a Micro-Bitcoin which is 0,000001 Bitcoin.
Bitcoin casino gambling in Canada is just as legal as casino gambling using standard currencies such as USD, EUR, etc. as there is no separate legislation governing Bitcoin casinos.
In case you or someone you know might have an addiction to gambling that has a negative effect over his/her life, we recommend that you seek for support on the issue. Below there are some recommended links related to the topic, and in case you or someone you know might have a gambling problem, we recommend that you seek help: