The world of online gambling is constantly coming up with new and innovative features to keep players happy. It’s not just about the games and promos – payment methods are very important as well. In the past few years, we’ve seen a massive influx of Bitcoin casinos for the Canadian market and Canucks surely love them.
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The world’s leading cryptocurrency is surely a special one. Bitcoin is the original crypto that exists on the blockchain. The so-called blockchain is a publicly distributed ledger that keeps all Bitcoin transactions. It’s a very safe piece of technology and the world’s first cryptocurrency wallet with market information, Bitcoin stats, and data charts.
While many Canadian players believe that the blockchain is unsafe, it actually is the safest digital wallet out there. It’s almost impenetrable and keeps your personal information and transactions safe from prying eyes. Making deposits or withdrawals in crypto casinos are fast, safe, and secure on the blockchain, making it a very attractive option for Canadian players.
The newest Canadian online casinos offer Bitcoin among their payment options and we couldn’t be happier for it. Bitcoin is one of the absolute top banking options online thanks to the speed, convenience, and high level of security.
Making Bitcoin deposits and withdrawals is a very simple process. Since it’s a decentralized digital currency, banks are not involved in it. It’s a direct transaction from the blockchain to the casino, cutting out middlemen from the process which means no fees. These deposits are also lightning-fast and will be completed in seconds.
It’s the same for withdrawals. One of the things most Canadian players hate is slow withdrawals. No one should wait for days to get their money and neither should you. If you want the fastest possible withdrawals in the industry, Bitcoin is your choice. Thanks to the cryptocurrency, you will get your winnings out instantly or in a few hours at worst.
Where Can I Get Bitcoins?
If you want to use Bitcoins at a Canadian online casino that accepts the cryptocurrency, you’ll first need to buy BTC. That’s in case you haven’t already mined Bitcoins. Buying the cryptocurrency is done at Bitcoin exchanges. Find a reliable and trustworthy one online and buy as many Bitcoins as you’re comfortable with.
You’ll then need to find a good Bitcoin wallet to store them and use them freely. Some of the best we’ve come across are:
Is Gambling with Bitcoin in Canada Legal?
Bitcoin and other cryptos are not accepted in Canada as legal tender. Don’t be confused by it – this just means that the government doesn’t consider cryptos fiat money. Using cryptos in Canadian online casinos is perfectly fine, but you must keep in mind that Bitcoin transactions are subject to Canadian tax rules.
Of course, using the cryptocurrency is just as legal as the casino you plan to join. Find a reliable and trustworthy Canadian online casino that accepts Bitcoins and you will play in a safe and regulated environment.
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