Bitcoin casinos are becoming increasingly popular, with new Bitcoin and cryptocurrency casinos launching every week. In this article, we will explain everything you need to know if you’re not familiar with crypto or Bitcoin. We’ll go through all the features that these types of reputable casinos offer. Keep reading if you’re interested in learning more.
There are so many reasons why Canadian players are moving to bitcoin and crypto casinos, keep reading to find all the pros and cons of using Bitcoin when depositing your funds.
What is Bitcoin Casino?
Bitcoin Casino is a new form of payment which is digital currency on blockchain, meaning it’s decentralized and no other third party is involved in the transaction which is on a public ledger. Bitcoin Casinos and similar cryptocurrencies such as Ethereum, Dogecoin, Litecoin, Tether are mined, network of computers works together to solve this complex math which whoever manage to do it will get rewarded.
It’s a complex math problem and because of that only limited amount of bitcoin can be mined, also it’s impossible to counterfeit because all transactions are publicly recorded on the ledger.
If you would like to acquire bitcoin you can always use popular crypto exchanges such as Binance or Coinbase.
🏆#1. BetPlays Casino – Best Bitcoin casinos in Canada
BetPlays Casino is one of the hottest new casino at the moment, they offer large payment options for new and existing players, you can deposit using Bitcoin, Litecoin, XRP, Monero and more, also if you’re into traditional payment you can choose also from a vast range of payment options such as Mastercard, Visa, Astropay and Interac.
Reputation
Betplays Casino have a valid license and operated by Creative Alliance N.V. under the Government of Curacao
🥈#2. 7Bit Casino – Best bitcoin casinos no deposit bonus
7BitCasino is a Crypto Casino which is licensed and regulated by the Government of Curacao, it’s becoming really popular especially for selection of casino games and overall of crypto payment options.
Reputation
7Bit Casino has a good overall reputation amongst our community.
Welcome Offer
Get an Exclusive 20 Free Spins No Deposit
If you are looking to buy and sell your bitcoin or any other cryptocurrencies such as Ethereum, Litecoin, Cardano you have to find a friendly exchange to make the process fast and easy, We checked couple of alternatives especially for Canadian players we have found that Shakepay is the number one, the reason for choosing this exchange is because it works well with Interac and you can easily transfer fiat money from interac payment to this exchange.
Bitcoin is a decentralized meaning it cannot be stored in a bank, the value will be held by the exchange, we highly recommend to transfer your crypto to offline wallet such as Ledger.
How to gamble with Bitcoin Casinos?
Canadian players are using Bitcoin for two main reason: efficiency, anonymity which is very important especially when you are playing at Canadian Online Casino.
No one can trace your transaction and you can rest assured that you can player without no one watching you.
If you would like to start playing at an online casino using crypto you have to consider the following steps, otherwise if you are a fiat fan and living in Canada might want to look at Interact online casino here to view the best casino that offer that options too.
How to purchase Bitcoin?
You can purchase Bitcoin or other cryptocurrency such as Litecoin, Tron, Ethereum, Cardano from your trusted crypto exchange, you will have your bitcoin address available and easily transfer your crypto to your desired online casinp
What are Bitcoin Wallet
If you have never used or purchase any crypto before, it’s good to know that you have to create a bitcoin wallet or buy an offline wallet to keep you crypto in a safe place, you will have your bitcoin address and transfer between you wallet and casino.
Find Best Crypto Casinos
Most popular Best Canadian online casinos such as Winz Casino, 7BitCasino are accepting a very good portfolio of cryptocurrencies.
King Billy Casino offers Bitcoin option, several other online casino accepts more Bitcoin too, it’s becoming a standard option within the gaming industry to deposit and withdrawal with crypto.
Top Web-based Crypto Wallets
Now that we have covered the basic functionality of Bitcoin casino and how it works we will take a look at popular Crypto Wallets which are available and can be used with any online casinos that accepts cryptos:
Exodus
Electrum
Coinbase
Other Payment Options Similar to Bitcoin
Conclusion: Bitcoin online casinos Real Money
We at WiserGamblers think that new online casinos will start offering more and more hybrid option, meaning you can deposit using FIAT payment, Bitcoin or similar cryptocurrency too. If you’re looking for low fees, efficiency and want to keep you identity anonymous it’s good to use Bitcoin when depositing in a crypto casino.
FAQs
What are Bitcoin Casinos?
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Bitcoin Casino are becoming popular due fast transaction, low fees and anonymity when depositing at any online casino, it works on blockchain and all transactions are recorded on digital ledger.
How to deposit using Bitcoin?
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To deposit funds using Bitcoin is fairly simple proceed and similar to the traditional payments but safer since it’s on blockchain, the first step to deposit is to make sure you have an account with the casino, second is to choose „Bitcoin“ as a currency and follow the steps on screen which is important to have your crypto wallet next to you.
How do I create an account at a Bitcoin Casino?
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It’s very simple since it’s the same way you will create an account using a traditional casino, you register, enter your details, deposit using Bitcoin and enjoy wide selection of casino games.
Which is the best cryptocurrency online casino?
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7Bit Casino, we have tested hundreds of different crypto casinos, and 7Bit Casino has ticked all the boxes while holding a valid license at the time of writing this casino guide.
Which is the best Bitcoin sign up bonus?
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JeetCity is the best crypto casino, welcoming new Canadian players with a generous sign up bonus of up to $10,000 and 180 free spins. Discover hundreds of games and make deposits using Bitcoin.