The Bitcoin cryptocurrency is already an integral part of the global financial world, so logically attempts are being made to integrate it into everyday life in various ways. Even if we are still talking about a "bubble" with Bitcoin that will burst soon, there are enough experts who are convinced that Bitcoin can no longer be pushed off the screen. The so-called Bitcoin online casinos, for which cheap and secure payment transactions are essential, also deal with digital currency and even offer to make deposits with Bitcoin. These are fast and guarantee a high degree of anonymity. These advantages of Bitcoin have made it a triumphant advance in online casinos. Canadian players also benefit from these assets. There is no more room for fraud and scams.
It is not only in the interest of online casinos Canada to reduce transaction costs, but also to be able to give players a good dose of freedom of choice. The more payment methods are offered, the higher the probability that the variant suitable for a potential player will also be included. This is exactly where the Bitcoin cryptocurrency comes into play on Canada casinos.
But can you just choose a bitcoin casino or is it advisable to gather information in advance to be sure that it is a recommendable provider? First and foremost, it is not only about being able to make deposits with the Bitcoin cryptocurrency, but also about the fees that may be incurred, the range of games and, of course, the question of whether it is a reputable provider – that is, licensed.
There are three forms of casinos that accept Bitcoin.
Casinos that clearly focus on cryptocurrencies as a means of payment. The selection of alternatives, such as Paysafecard, Neteller and Skrill, is manageable in some of these casinos. There are relatively many of them.
Then there are pure bitcoin casinos that do not accept any payment method other than digital currency. Without client software and without a connected bitcoin wallet, there is no way to use the casino's services. Various deposits and withdrawals are processed only through this specific system. This means that you can neither top up your account with a credit card nor via an eWallet, but must still use the Bitcoin cryptocurrency. Bitcoin-only casinos are, for example, bitcasino.io , mbit Casino or Cloudbet.
One advantage that a pure Bitcoin casino brings with it is the fact that there will probably never be any fees for transactions here. Due to the fact that the fees are so low, they are usually always covered by the online casino.
But there are also "classic" game providers who, in addition to the usual real money payments, also include Bitcoin in their wallet, so that accepting BTC represents an additional option to top up the player account. This is the vast majority of casinos.
History of Bitcoin casino Canada
Bitcoins are not a physical currency but a virtual currency and are therefore only available in digital form. The "era" of cryptocurrencies began with them about a decade ago. Today there are options in digital wallets, such as Ethereum, Litecoin or Bitcoin Cash, although BTC is still the pioneer.
The term Bitcoin is relatively easy to translate, because it is composed of bit, the smallest digital storage unit, and coin, which means nothing other than coin. Thanks to decentralized trading, BTC are not affiliated with banks.
While other cryptographic coins have been generated and can only be purchased directly through the corresponding wallets, Bitcoin offers the possibility of "mining" it using the computing power of your own computer or a larger server. The smallest unit is called Satoshi, this term being based on the name – or pseudonym – of the inventor of Bitcoin
Bitcoins are more easily purchased through said wallets. As indicated, a deposit in real currency is possible there, which can be as high as desired. We have tested the most famous and largest wallets. These include the following providers that allow the purchase of BTC: Bitpanda, Binance, Coinbase, Exodus.
When dealing with Bitcoin casinos, the most important tip is therefore the following: as with payments in Canadian dollars, your own financial possibilities should always be at the forefront – even if bonuses of up to 5 Bitcoin seem tempting. So, you need to :
Compare suppliers regarding promotions ;
Set limits on your own responsibility – if necessary in the casino account
Compare network transaction fees
Use only reputable crypto wallets
Enable 2-factor authorization if possible
If you want to benefit from the widest possible choice of board games accepting both Bitcoin and the Canadian dollar, you are also well advised to make an additional deposit in real money.
Payment in the selected Bitcoin casino is only possible with a corresponding BTC balance. If you don't want to laboriously mine for this, you have the opportunity to buy the coins easily on various digital asset wallets. It is enough to register, pay in dollars by a conventional means such as bank transfer or credit card and proceed to the exchange. Network transaction fees apply, but are manageable with most providers.
These steps are necessary to make a deposit in the casino :
Register and log in to BTC Casino
Open the checkout, select Bitcoin as your payment method
The casino generates a QR code or a unique BTC wallet address
Open your own wallet and enter your address
Alternative: scan the QR code via the wallet app
Select the amount, confirm – it's done!
Bitcoin deposits are usually credited within 10 minutes, although the time depends a little on the digital wallet you choose. Once the confirmation has been made, the favorite games can be played immediately with BTC.
The exceptions confirm the rule, because in some Bitcoin casinos, the balance is converted into dollars or another real currency before the start of the game. The goal is to give players a better overview of bets and winnings.
Those who are interested in bitcoin deposits are also wondering if they can also make a bitcoin withdrawal. Such a possibility should naturally be offered by a Bitcoin casino. However, it is important to check before payment if any fees may be charged by the crypto casino.
If you were lucky on your side and you were able to multiply your bet, it will now be a question of withdrawing your winnings. To do this, simply click on "Payment" in the private area of the account and choose Bitcoin, insofar as it is offered.
Here's how to withdraw your winnings at a Bitcoin casino
In principle, the withdrawal procedure at most Bitcoin casinos is as simple as the deposit procedure with cryptocurrency. Here we explain to you once again the step-by-step process :
Confirm the e-wallet address
If you have not yet confirmed your identity and/or your e-wallet address during registration, you will be asked to do so at the latest when requesting the withdrawal of your bitcoins. In this case, you submit the necessary documents and your address and wait for confirmation, which can sometimes take several hours or even a day.
Request for withdrawal
In most cases, you can now request your withdrawal by simply clicking on the withdrawal button. Depending on the currencies offered by the crypto casino, you still need to indicate the desired currency as well as the withdrawal amount. Note that some Bitcoin casinos impose minimum withdrawal amounts, below which you cannot go down.
Cashing out the winnings
Your winnings are now credited to your wallet. Sometimes it may take a little longer for the amounts to arrive on your account – the payment period differs from one casino to another and depends above all on the amount. For particularly large amounts (usually 100 BTC and more), it is quite normal that the payment sometimes takes several days or is made in installments by the casino, because these large sums usually exceed the planned payment amounts.
The advantages and disadvantages of playing with Bitcoin
Different standards apply to bitcoins and of course to all other cryptocurrencies compared to fiat money. The BTC course is not linked to bank currencies and real money. Investors do this to their advantage – but also for everyone who chooses a Bitcoin casino.
Above all, those who bought bitcoins very early took advantage of the sharp rise in prices. This also means that you can dispose of additional "fictitious money".
The most important advantages of Bitcoin payment are :
Safe and fast payment process
Relatively low transaction fees
Reliable data protection
No banking intermediary
BTC independent of physical exchange rates
No deposit limit
Usually much higher payments possible
Live casino and table games available
What are the disadvantages of Bitcoin casinos?
There are some things that need to be taken into account when making payments at a casino with bitcoins. In particular, the owners of BTC are responsible for protecting their assets themselves – precisely because no bank takes on this task.
The most important disadvantages of Bitcoin payment are:
Fluctuations in exchange rates should be expected.
Security also depends on your own computer/device.
A range of games often limited.
Unlike hot wallets like the ones mentioned above – including Bitpanda, Binance and Coinbase – this method offers the best possible protection of coins, as they are disconnected from the network. However, no one is responsible for the loss here, so the cold wallet is solely the responsibility of the owner.
Bitcoin casino bonus code: get a bonus
There is no exclusive welcome bonus for Bitcoin Casino deposit. Nevertheless, exciting online casino bonus offers with bonus credits and free spins exist. These are especially suitable for new players who can play even more games with the Bitcoin Casino Bonus and get even more chances to win.
In some Bitcoin online casinos, you have the opportunity to switch to bitcoins with the provider from the second deposit. Many providers promise you welcome bonuses where you get 100 bitcoins for free. It sounds too good to be true and it is. These providers are not serious, but fraudulent. So make sure that these casinos have a valid gaming license.
Best bitcoin casino no deposit bonus
A no deposit bonus is often a player's first experience with casino sites that offer such a bonus. But on bitcoin casinos, we must admit that this bonus is rather rare.
However, on Bitcoin casinos like Slotocash Casino, you can get CA$31 in cryptocurrency. To take advantage of it, you will only have to create an account on the casino's website. This no deposit bonus is usually rewarded with free spins. These free spins are often linked to special slot machines and are therefore very valuable for players who want to get extra money from the winnings of the free spins.
Online casinos that accept the Bitcoin payment method
Anyone interested in online casinos will sooner or later stumble upon Bitcoin casinos. But which suppliers are reputable? What about the fees and features? We have reviewed the most famous Bitcoin casinos. Here are the ones that particularly caught our attention :
: it offers up to 5 bonus Bitcoins and weekly cashbacks and 200 free spins for new customers. It has a rich game library of more than 900 games.
: it offers 150% bonus up to 2 BTC for new customers + 100 free spins after the first deposit. With the 2nd and 3rd deposit, you can get up to 2 BTC bonuses each.
: with a percentage of 150% up to 1,500 on the welcome bonus + 500 spins, Punt Casino is rich in more than 200 top-notch casino games.
: this Bitcoin casino offers daily free spins and up to 780% on its welcome bonus. His minimum deposit is only $1 CAD.
: this Bitcoin casino offers up to 0.5 BTC + 125 free spins.
The bonuses of the canadian bitcoin casino
In order to stand out from the huge competition and be attractive to Canadian players, almost all bitcoin Canada casinos offer certain bonuses. These are mainly free credits that you can use for your bitcoin casino games, free spins, etc.
Indeed, players should also exercise caution with bonus offers and always read the fine print carefully. Offers often expire after a certain period of time, are not applicable to all slot machines or are only paid after a specified minimum amount has been wagered. Therefore, always check Bitcoin casinos and their bonus offers in detail to find out your license, bonus conditions and seriousness before you start playing.
These types of bonus offers are usually offered by Bitcoin casinos :
With a welcome bonus, in addition to your first deposit, you will receive additional credit from the crypto casino for playing online.
No deposit bonus
No deposit bonuses mean that by simply registering at a bitcoin casino, you will receive either free credit or even free spins – without having to make a deposit yourself first.
With this bonus, you usually get a fixed number of so-called "free spins", free spins for one or more casino slot machines, after your first deposit of a certain minimum amount.
A free money bonus is equivalent to a no deposit bonus. You receive free money with which you can start playing at a certain online casino immediately after registering.
In many Bitcoin and online casinos, you collect loyalty points with each bet. Once you have collected a certain number of points, you can convert them into free spins, bonus credits or prizes, for example.
The cashback bonus works in online casinos in the same way as a money-back guarantee: you will receive a fixed part of the losses incurred in the form of cash/bitcoins or bonus credit.
In some Bitcoin casinos, you can invite friends and acquaintances to register and play through the respective website. With each new registered player, you usually receive an additional credit thanks to the referral bonus, which you can play at the casino.
The advantages and disadvantages of bitcoin in Canada
A casino that offers its customers the Bitcoin payment option does not only attract crypto fans. Because Bitcoin casinos have real advantages that should not be overlooked. These include greater privacy protection and an often better selection of games, which is really remarkable in the best crypto casinos. Live table games and other game genres can often be played in good Bitcoin casinos, which are otherwise difficult to find in most other online casinos. However, we must not forget that there are also some disadvantages if you decide to deposit with Bitcoin.
Probably the biggest advantage of crypto casinos is anonymity. The client can make a deposit anonymously – it is not possible to find out the details indicating who made the deposit. This means that you don't have to worry about taxes or costs such as fees.
The disadvantage, on the other hand, is that the market value of Bitcoin is of course fluctuating. This means that the balance can change at any time – so you can have less money in your account on Wednesday than on Monday without having played. For this reason, you must also change the Bitcoin in some online casinos to Canadian dollars so that the balance – regardless of the Bitcoin exchange rate - remains unchanged, as it does not depend on any fluctuations in the exchange rate.
Is it safe to pay at an online casino with bitcoins?
One of the main reasons for the rapid increase in bitcoin and other cryptocurrencies in recent years is the security of the transaction, which is carried out peer-to-peer. This means that the transaction takes place in a computer-to-computer connection. It is synonymous with seriousness and anonymity in the truest sense of the word, since no account details must be given.
With the help of the blockchain process, BTC are temporarily stored and transferred, so that your transactions are not only more secure and reliable, but you can also keep track of your finances better.
Therefore, the Bitcoin cryptocurrency presents itself as a perfect and safe way to deposit money in an online casino. Many Bitcoin casinos are actively directing their players to the BTC payment option to prevent fraud and scams and to take measures against dangerous payment options. The possibility of paying with cryptocurrencies will be an important criterion.
The best Land-based Bitcoin Casinos in Canada
Name of the casino
377 Riverside Drive East, Windsor, Ontario
River Rock Casino
8811 River Road, Richmond, British Columbia
5705 Falls Avenue, Niagara Falls, Ontario
River Cree Resort and Casino
300 East Lapotac Blvd Box 179 Enoch, Alberta T7X 3Y3
Casino of Montreal
1, avenue du Casino, Montreal, Quebec
Blacklist of casinos
How to get Bitcoin now?
There are two ways to get bitcoin :
What bonuses is it possible to get thanks to BTC?
Thanks to Bitcoin, Canadian players can get all the bonuses present on ordinary online casinos and more. Whether it's free spins, no deposit bonuses, welcome bonuses, etc., everything is accessible to them.
What are the advantages of the Bitcoin payment method?
Bitcoin is probably the most open payment system in the world.