Are you looking for a site where you can play your favourite games of chance using digital currencies? Then, you have come to the right place. The experts of our guide have studied the topic of virtual currencies in gambling and made recommendations for those who want to try their luck at the best crypto casino sites in Canada.
Criteria to Spot the Best Crypto Casino
Every gambler is primarily interested in a safe experience. Therefore, in addition to personal preferences, it is also important to pay attention to a number of decisive factors. When choosing a crypto casino, a player should consider:
- Licensing and security. All legal casinos in Canada have documents for the relevant activities. Crypto casinos are no exception. Make sure that the gambling site adheres to all standards for safe play and is regularly audited by independent industry regulators.
- Choice of digital currencies. Perhaps you already own a certain cryptocurrency and plan to use it as a payment method in the casino. Before registering on a casino site, make sure that this virtual currency is in the list of available ones. Give preference to online operators that accept as many cryptocurrencies as possible. This will diversify your gambling experience.
- Games variety. On crypto casino sites, you can find games for every taste. Online operators are not limited to classic types, offering gamblers the latest and exclusive releases from top developers.
- Assortment of bonus offers. Despite the fact that bonuses give the player a short-term advantage, their presence is important. Study the bonus program of the casino: how often do promotions take place, what are the conditions for wagering bonuses, and so on.
- Restrictions. Some countries have restrictions on the use of digital currencies. Therefore, before registering on the casino site, make sure that there are no restrictions in your region. As a rule, online operators immediately report the impossibility of using their services in a particular region or country.
Main Advantages and Disadvantages of Crypto Gambling
The Canadian gambling industry is undergoing constant change and is under strict government control. This applies to the activities of online operators and financial transactions on their sites. However, using Bitcoin and other virtual currencies has somewhat simplified this process. Cryptocurrencies are an alternative to traditional payment methods. However, despite a number of advantages, digital currencies also have some drawbacks.
Pros
Decentralization
It is probably the main reason why crypto casinos are gaining great popularity today. Decentralization means that neither Bitcoin nor any other virtual currency is tied to financial institutions, including banks. Instead, the owner of the currency has full control over their coins. Thus, all transactions using cryptocurrencies are carried out without third-party control.
Low Commission
Each payment system and bank charge a certain commission for their services. Their amount is usually much higher than that the player pays when using cryptocurrency. Therefore, many gamblers are increasingly choosing crypto casino sites, spending the saved money on gambling entertainment instead.
Transparency
One of the advantages of virtual currencies is transaction transparency. When transferring coins from one account to another, all operations are automatically recorded in a special register. Therefore, you can easily prove that you performed a certain operation and the casino, in its turn, that it sent the coins to your wallet.
Huge Potential
One of the main dreams of crypto enthusiasts is to create an international payment system based on crypto. All payments will be processed without the government’s and bank’s control and participation. That will make virtual currencies even more popular.
Anonymity
Despite the transparency of transactions, the personal data of the wallet owner remains confidential. Open data contains only the amount of the transfer and the wallet address. Some crypto casino sites offer players to maintain this anonymity by creating anonymous accounts.
Cons
No Feedback
Since any authority does not control blockchain technology, in case of problems, you will not have to turn to anyone to solve them. In addition, if the funds from your wallet are lost, no one will be able to trace them and return them to your account.
Undoing Operations Is Impossible
After the players confirm the transaction, virtual coins are sent to the specified address. In case of any problems, you will not be able to cancel or recall the payment.
Excessive Volatility
Digital currencies, in addition to anonymity, are also known for their significant price fluctuations. If the value of the coins grows, luck is on your side, but if it falls, you receive losses when converting virtual coins into real money.
Most Popular Cryptocurrencies in Online Casinos
Some online operators focus exclusively on Bitcoin, not accepting any other digital currencies as payment. But many are still more diverse in choosing payment methods and, in addition to fiat currencies, they also accept:
Bitcoin
When it comes to payment processing speed, Bitcoin is inferior to some of its peers. However, if safety is your top priority, then this option is for you.
Bitcoin Cash
By creating Bitcoin Cash, the developers tried to eliminate some of the main cryptocurrency weaknesses. And they largely succeeded. This payment method is faster. In addition, Canadian gamblers are attracted by the ease of Bitcoin Cash use.
Ethereum
The second most popular digital currency in the world is often used in the world of gambling. Some online crypto casinos have added the coin to the list of available payment methods just because of this. However, Ethereum also features lower fees and faster payment processing compared to Bitcoin.
Litecoin
Another fairly popular digital currency among Canadian crypto casinos. Gamblers appreciate the high transaction speed and maximum security when using Litecoins.
Crypto Casino Game Variety
The catalogue of gambling entertainment of online casinos that accept virtual currencies is no different from traditional gambling sites. They offer players a wide variety of games, ranging from classics to exclusive titles that can only be found here. Thus, the owners of digital coins have access to:
- Online slots (3d, fruit, classic 3- and 5-reel, etc.);
- Poker (video version, Hold ’em, three-card and live dealer);
- Online blackjack in all possible variations;
- Roulette (from American, French and European to mini and using several wheels at the same time);
- Online craps in paid and free modes.
Instructions for Depositing and Withdrawing
Due to the high degree of protection, all financial transactions using cryptocurrencies are safe. Each time, financial operations are recorded in an electronic registry available for public viewing.
How to Deposit
Before moving on to crypto casino games, it is worth getting a special crypto wallet and some coins. Further, the process of making a deposit is practically no different from a similar process in traditional casinos:
Step 1. In your personal account, select the Deposit section.
Step 2. In the window that appears, specify the desired cryptocurrency.
Step 3. Next, enter your crypto wallet address.
Step 4. Then enter the deposit amount.
How to Withdraw Funds
Withdrawing your winnings is just as easy as replenishing your gaming account. However, please note that before withdrawing funds to your account, you should make sure that you have met the bonus wagering requirements (if you received them).
Step 1. Go to the Withdrawal section in your personal account.
Step 2. Select the most appropriate options from the presented ones.
Step 3. Next, enter the withdrawal amount and click Confirm.
What Crypto Wallet to Choose?
The reliability and security of the player’s funds largely depend on the chosen method of storing virtual coins. The most popular today are crypto wallets of various types. Also, do not forget about two-factor authentication and strong passwords that need to be kept secret. The only information you can reveal is the wallet address. The most popular crypto wallets today are:
- Electrum;
- Edge;
- Coinbase.
How to Start Playing at Crypto Casino: Step by Step Guide
Now that you have understood the concept and principles of the crypto casino, you can start playing. To do this is quite simple.
Step #1. We start by finding a reliable crypto casino site. Choose only legal platforms, where all possible gambling entertainment and payment methods are available.
Step #2. If you do not already have virtual currency, buy it. You can do this on any crypto exchange. By the way, on such an exchange, as a rule, you can also store purchased coins. But we recommend getting a special crypto wallet for this.
Step #3. After completing the two previous steps, you can proceed directly to the registration and the game process. As a rule, creating a new account does not take much time. However, if you are new to the gambling world, first, get acquainted with casino games through demo mode and only then move on to paid games.
Frequently Asked Questions
What is the difference between crypto casinos and traditional versions?
Crypto online casinos are almost identical to regular gambling sites. The only difference is that such sites accept the most popular digital currencies as payment. Many online operators accept exclusively crypto, while some also work with fiat currencies.
How to find a reliable crypto casino operator?
There is nothing difficult in this. Above, we have listed all the criteria for choosing the best and safest crypto casino. First, check the availability of a license and its expiration date.
What games are available in popular crypto casinos?
In the game catalogue of gambling sites that accept cryptocurrencies, you can find the same titles as in traditional online casinos. Using Bitcoin or any other digital currency, you can play poker, monopoly, roulette, lottery or baccarat and many other gambling entertainments.