Bitcoin has been in the news a lot recently. It is a surprisingly popular payment method online, particularly in the world of online gambling in Canada. So, let us introduce you to the world of bitcoin casinos in Canada. Naturally, for anyone new starting out, you're probably going to have a lot of questions about Bitcoin and Cryptocurrencies in general. If that's the case, we recommend you continue reading to find out more. If you're an old hat at all things crypto and you want to jump right in and find a new Bitcoin casino, then check our new casino sites lists, we did add some casino sites that accept Canadian real money players below. For the record, like any casino and gambling site recommended on our pages, all casinos you see below are licensed and can be trusted. Our team has independently reviewed them to ensure they provide a safe, fair and responsible gambling environment at all times.
Since you are on this website, we don’t want to focus too heavily on bitcoin. We are going to assume that you have some sort of inkling. For those who do not, all you need to know is that bitcoin is a cryptocurrency. This means that it is available purely in a digital form and the market dictates the price of Bitcoin as opposed to your country's central bank. As the number of people who want Bitcoin goes up, its value of it goes up. As the demand falls, the price falls. Little economics lesson for you there.
There are several different cryptocurrencies out there. Bitcoin is, without a doubt, one of the most popular. Ideally, it is starting to be brought into the gambling world, mostly because this introduces a whole new market to the currency, which will cause the price to rise even further. Below you will find the best bitcoin casinos online which were carefully selected.
Easy! You just need to find an online casino in Canada that accepts Bitcoin. Thankfully, this is far easier than it sounds (check the next section) It is worth noting that many of the Canadian online casinos which accept bitcoin are not dedicated bitcoin casinos. This means you deposit money using bitcoin, but the money goes into your account in CDN. You are essentially selling your bitcoin to the vendor. They then give you a fair price for it. It will be a bit under the current market rate for bitcoin (somebody needs to make a profit, right?)
You should also be aware that unless you are gambling at a dedicated bitcoin website, you will lose some of the anonymity of using bitcoin. Remember, one of the main reasons people use bitcoin is that it is not tracked. It is just a series of numbers and you can’t quite work out who the money is going between. That does not work in the online gambling world. There are money laundering regulations in place. Most people are not going to be fussed about this, anyway. The whole idea is to just use up the bitcoin that you collected.
If you win anything using your deposit, it is unlikely that the online casino will allow you to withdraw your money in bitcoin. Instead, you will withdraw in your local currency. In theory, if the value of bitcoin changes, you could actually be withdrawing more money than you put in…even if you made a loss. This is one reason why people use bitcoin. Plus, it means that you now have money available to you which you can spend in your local shop, maybe by being a traditional Canadian and picking up some maple syrup!
Thankfully, this is probably the easiest part. We have put together a guide elsewhere on this website, so we suggest that you check that out if you want a couple of tips on finding a site to gamble. However, here is a quick ‘guide’:
There are a lot of online casinos offering bitcoin gambling at the moment. The number is set to rise in 2023, the near future too as this becomes an increasingly popular method of depositing cash into your account. We don’t want you to hunt down these online casinos. Instead, why not take a look at our recommended Bitcoin casinos above?