HomeFeaturesGrowth of Online Cryptocurrency Gambling Industry in Canada

Growth of Online Cryptocurrency Gambling Industry in Canada

Bitcoin is experiencing tremendous adoption in Canada lately. Most people are buying crypto for investment reasons. But some of them also want to use their coins regularly.

The gambling industry provides an excellent avenue for using bitcoin and altcoins. You can use crypto for casino deposits and withdrawals. You can also use your coins to play slot machines and card games like blackjack and baccarat.

That said, there many reasons crypto gambling is on the rise in Canada. Below are some of them:

A Wide Range of Safe Crypto Casinos

Bitcoin has been around since 2009. For a long time, many industries avoided it for fear it was unsafe. These days, lots of online casinos are accepting crypto for payments.

Canadians no longer consider crypto to be unsafe. There’s plenty of information that shows bitcoin is secure and trustworthy. That means you can also trust top crypto gambling sites in Canada.

In case you need help, the folks at bitcoincasinocanada.com have a list of the best crypto casinos in Canada. The recommended casinos are not only safe and secure, but they also give out sweet bonuses to new players.

The best part is that you can choose your ideal casino from a long list of top-rated operators in Canada. Look for important features like licensing, games, bonuses and mobile support before you make a decision.

Support for Multiple Cryptocurrencies

Gone are the days when Bitcoin was the only supported cryptocurrency at online casinos. Thanks to modern crypto payment gateways, you can use Ethereum, Cardano, Solana, Shiba and dozens of other well-known altcoins.

Truth be told, not every crypto gambling site supports multiple coins. Some websites accept Bitcoin only. Others support bitcoin and a few more digital currencies.

Still, there’s a long list of Canadian casinos that accept altcoins such as Doge coin, Shiba Inu, Stellar Lumens, and Fantom. Speaking of which, finding and buying crypto in Canada is easier than ever before.

With crypto exchanges like Coinbase, Binance and Kraken all in operation in Canada, gamblers can buy any coin they want in the country.

Fast Payouts

Crypto gambling sites solve a huge pain point in the casino space—delayed payouts. Fiat casinos always seem to experience payout delays. This is particularly true for people who use credit cards and direct bank transfer. It could take a week or more before you get your money.

With the best crypto casinos, payouts are processed on the same day. It doesn’t matter if you win C$50 or C$5000. The only time a payout might get delayed is after you hit an enormous jackpot. And still, you’re assured of receiving your money.

When you think about it, crypto casinos are not just quick at processing withdrawals. They also support fast deposits. And they have great banking limits. You can deposit from C$10 to C$100,000.

A Full Range of Crypto Games

The best crypto casinos at bitcoincasinocanada.com offer thousands of slots and table games. Some of these games are pretty popular: Starburst, Gonzo’s Quest, Mega Moolah, Money Train and Book of Dead.

Some crypto casino games are designed using the blockchain. The blockchain provides transparency, security and immutability. This allows you to play 100% fair slots and table games.

Blockchain-based casino games are not so popular, though. As such, the average Bitcoin casino provides games from industry leaders like NetEnt, Microgaming, Evolution, Betsoft and Playtech—developers with decades of experience in creating high-quality games.

To be clear, you can play live casino games at leading crypto casinos in Canada. Live dealer games connect you with your friends or competitive players through a video link.

In doing so, you can see and interact with a human blackjack dealer. You can ask the roulette croupier questions and monitor tells from other poker players. Live casino gaming is generally more exciting and more competitive than RNG games.

Crypto Bonuses

Many online casinos welcome new customers with bonuses. They can give you 50 free spins to play a slot machine after you create an account. Alternatively, the casino might match your first deposit 100%.

Now, top-rated crypto casinos by bitcoincasinocanada.com have bonuses too. And they offer much bigger bonuses than you can get by depositing through Visa or PayPal. Bitcoin casinos match your deposit using crypto.

Let’s say you deposit 1BTC to an online casino. You could get a 1BTC bonus. When you think about it, 1 Bitcoin is worth more than $17,000 at the time of writing. Most casinos cap their bonuses at $1000.

That means you get a lot more sumptuous bonuses when you deposit through crypto compared to using cash. Bonus amounts aside, the best crypto casinos offer multiple promotions.

You don’t just get a welcome bonus. You can also claim a cashback, loyalty bonus, VIP reward, or no wager free spins. The best part: these bonuses let you withdraw your winnings, often without completing a lot of wager requirements.

Privacy

For some, the biggest benefit for using crypto at online casinos is privacy. No one has to know that you play slots online. And if you’re located in a place with strict anti-gambling regulations, you can stay safe from regulators.

For clarity, crypto payments are not entirely anonymous. If someone were determined to track your bitcoin deposits, they can trace them back to you. That said, some coins like Monero and Zcash promise anonymous transactions.

Anonymity aside, crypto provides privacy in that some crypto casinos don’t ask for your name or email address. You don’t need to upload your passport or driving license. These benefits are the reasons why a lot of Canadians love crypto casinos.

Mobile Crypto Gambling

Crypto gambling wouldn’t be on the rise without mobile gaming. The majority of Canadian gamblers play slots and bet on sports through smartphones. Truth be told, mobile gaming is the trend all over the world.

Fortunately, crypto casinos are onboard this trend. Nearly every Bitcoin casino works on smartphones. No, you don’t need to install an app or download games. Mobile casinos work on the web through mobile browsers. They support a wide range of coins, games and bonuses.

Read: Michael Bolton now appearing at the new theatre in Fallsview Resort Casino in Niagara Falls

- Advertisement -