Bitcoin casinos are getting popular everyday, especially in the last couple of years, it was invented back in 2008 by Satoshi Nakamoto, The online casino industry has been accepting players with crypto for the last couple of years, making it possible to deposit funds with crypto when playing online slots, live blackjack canada, Baccarat or Roulette.
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.
Top Bitcoin Casino list
WildCoins is a new online casino which accepts cryptocurrencies as a main currency, it’s a purely crypto casino , it’s owned by Hollycorn NV and hold a Curaçao license since 2021.
WildCoins Casino has a good overall reputation amongst our community.
100% up to 3.5BTC + 400 Free Spins Information
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?
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.
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
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.
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:
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.
What are Bitcoin Casinos?
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?
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?
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.