Best Casinos that use Cryptocurrency Payments
Cryptocurrency is increasingly recognised and accepted as a form of payment across various industries, including online gambling. Users can choose from a growing range of crypto gambling sites, and the best crypto casinos accept payments from multiple networks. However, if you are new to the concept of cryptocurrencies, it is best that you do your research before you invest and start wagering at a cryptocurrency casino. The value of a cryptocurrency, even the most popular options, can change quickly and unexpectedly.
Cryptocurrency offers a number of intriguing benefits that have helped drive adoption. In this guide to the best casinos for paying with cryptocurrency, we will explore these benefits, how to make deposits and withdrawals, and more. Which crypto casino in Canada should you try? We have picked the best crypto casinos for Canadian players below to help you find the right site for you.
At the moment, we cannot recommend any casino sites that offer cryptocurrency as a payment method. However, you can sign up to one of our trusted online casinos below.
Spin Genie
Get a 100% Deposit Match
Up to $500
+ 50 Free Spins
Mega Casino
Get a 100% Bonus
Up to $100
Lord Ping
Get up to $100 Bonus
for all New Players
Vegas Mobile Casino
Get a 200% Bonus up to $500
+ 50 Free Spins
PlayOJO
Get 80 Free Spins
No Wagering
About Cryptocurrency
Cryptocurrency first appeared in January 2009, when one or more programmers known as Satoshi Nakamoto introduced Bitcoin. The real identity (or identities) of Bitcoin’s creator(s) have never been revealed.
Bitcoin was a revolutionary concept at the time, and inspired a huge number of other cryptocurrencies such as Ethereum and Tether. While crypto is a digital system for transferring money, it’s decentralised — there are no banks or other financial institutions involved. It’s a fully peer-to-peer payment method that anyone can use, provided that they hold one or more types of cryptocurrency and a digital wallet for storage.
Cryptocurrency has no physical form, unlike fiat money: it is digital only. A user transfers crypto coins to others, and these transactions become part of a public ledger. It offers anonymity and security without some of the restrictions traditionally associated with banks.
There is a wide range of casinos that accept cryptocurrency as payment, and players may be attracted to them for several reasons. Not only are privacy and security great motivators, but players can also make faster transactions with lower charges and no need to account for currency conversions.
Pros and Cons of Cryptocurrency as a Casino Payment Method
Using cryptocurrency to deposit and withdraw funds from a crypto casino in Canada offers various benefits. However, as with all payment methods, cryptocurrency has its fair share of drawbacks, too. Here are the main pros and cons of making payments at casinos that accept cryptocurrency.
Provides anonymity for increased privacy.
Highly volatile, which can affect coin value drastically.
Cutting-edge security for peace of mind
No official government regulation.
Lower fees than other payment methods (e.g. bank transfers).
Transactions cannot be reversed or cancelled.
Fast (possibly instant) transactions.
No geographical limitations.
How to Make a Deposit Using Cryptocurrency
If you are new to cryptocurrency, you may find depositing funds into your account a tad confusing the first time you visit a crypt casino. The process is more complicated than simply entering your debit card details or completing a bank transfer. However, it should become second nature in no time.
Here are the main steps to follow when making a deposit at crypto casinos.
Set up your cryptocurrency wallet to get started. You need a digital wallet for storing your crypto coins after purchase. You can use your wallet for selling and trading coins, too.
Put any amount of money that you’re willing to wager into your crypto wallet (only if it’s currently empty). Simply use fiat money (CAD): the wallet will convert this into your chosen cryptocurrency, ready to transfer.
Depositing your cryptocurrency into your casino account is simple. Just navigate to the Cashier/Banking section, choose the right crypto for you, then enter the amount you want to deposit.
Take a look at the balance in your crypto casino account. Your deposit should be processed immediately and ready for you to start wagering.
How to Withdraw Using Cryptocurrency
If you have accumulated winnings from slots, table games, or any other games at your favourite crypto casino, you’ll be ready to withdraw them. Is this any harder with cryptocurrency than with fiat money? Fortunately, no! You can withdraw crypto fairly quickly and easily.
Follow these steps to withdraw your cryptocurrency.
Sign in to your casino account on a desktop or mobile device.
Navigate to the Cashier/Banking section of the casino.
Click on the “withdrawal” or “withdraw” option.
Choose the cryptocurrency you want to take out of your account.
Enter the number you want to withdraw and your crypto wallet address.
Confirm that the account and address are correct.
Check that the right amount has reached your digital wallet once the transaction is complete.
Cryptocurrency FAQs
Here are the most common questions we get asked about Cryptocurrency as a casino payment method in Canada.
