Bitcoin has been around for a number of years now and Bitcoin casinos have become more and more popular in the online gambling industry. Unless you've been hiding under a rock, you probably already know that this is a form of digital money often referred to as cryptocurrency. It is created and controlled using digital encryption techniques. The transfer and verification of this digital currency are done through open-source software and there is no middlemen or centralised bank involved. It has become a popular payment method for bitcoin gambling and there are a number of Bitcoin casinos online for Canadian players.
You can find this currency as a payment option in many online casinos, poker rooms, and sports betting sites and it seems to be the preferred choice for sports bettors and poker players. Since 2008, Bitcoins have been building up a very solid reputation and more and more people are realising the benefits of owning and using this cryptocurrency. This page of our website is devoted to Canadians and includes everything you need to know about the best Bitcoin casinos in Canada, free bonus offers, and more.
Below you will find a list of Canadian online casinos accepting bitcoins. The number of BTC online casinos is growing each year and we make sure to review and test them all before adding them to our list. They must pass our strict criteria and offer our Canadian readers the best value for their money. They are all legal and licensed too.
The best bitcoin casino for Canada is one that is legal and regulated and one that offers all your favourite games. BitStarz and BitCasino are the two big names but there are some other excellent choices too and the best bitcoin gambling site will always depend on what you are looking for. The casino you choose to play at should always be licensed and the Curacao eGaming license is one we see quite often. This is a strict jurisdiction so sites licensed in Curacao are trusted. You also need to look at bonuses that are being offered. The best casino sites will allow you to gamble in BTC and regular currency and will have a bonus offer for both. It is important to look at the games suite too because not all online casinos are the same and some have a limited selection of games whilst other will offer the most recent slots and table games. Do your research, or better yet, read our trusted reviews and choose the site that will work best for you.
Bitcoin is a universal currency often referred to as cryptocurrency. It was created back in 2008 by Satoshi Nakamoto and it has increased in popularity year on year. This digital currency is generated through a process known as "mining" and users that wish to "dig" for BTC do so via their computer. This peer-to-peer process has made it extremely popular. The currency is also decentralised which means there is no government authority involved.
Over the past year or so we have seen this currency emerging as a payment option in a number of online casinos. While the majority of them don't accept BTC, more and more online gambling sites are starting to look favourably on this digital currency. It's not just online casinos either, there are plenty of poker and bitcoin betting sites too. The rise in popularity of the bitcoin sportsbook shows just how popular this payment option has become. We expect to see more and more casinos opting to use this cryptocurrency in the coming months.
Now that you know bitcoin casinos are popular, the next important piece of information you need to know is what games can you play. The answer is simple, you can play all your favourite casino games with this digital currency. There's bitcoin roulette, blackjack, and slots. Gamblers were suspicious when this new currency first arrived on the scene and the first couple of sites to appear had no supervision. It made players dubious. Things are different now and more and more of the big name casino brands are starting to accept this cryptocurrency which means you can enjoy all your favourites from the big name software developers. This includes the latest releases from the likes of Microgaming and NetEnt. So whether you choose to play bitcoins slot machines or bitcoin blackjack, you can be sure that the games will be high quality and from the world's leading software providers.
It's not just virtual games that can be played either, live casino games can also be played. This is a relatively new feature as live dealer games were only available for standard currencies but late in 2016, a number of top bitcoin casinos added the option to live dealer games. BitCasino has Canada-based live dealer games which are always a popular choice. These live dealer games include blackjack, roulette, baccarat, and Casino Hold'em and are available in single and multi-player versions. You don't have to opt for the Canadian live dealer games either, you can choose any region you want for more fun and games.
If you want to try out a bitcoin casino in 2017, we recommend start with a free bonus. The best option would be to look for a bitcoin casino no deposit bonus. This is a welcome offer that is given to new players. It is a reward for your registration and comes in the form of free chips/credits that you can use to test out the site... and win real money too! Casinos love using this cryptocurrency because using BTC saves money when compared to other deposit methods. Making withdrawals is also free, safe, instant, and easy.
If you are looking for a bitcoin casino bonus you will be delighted to hear that these bonuses can be five times bigger than the bonus you receive if you play in Canadian dollars. Be sure to check out our fantastic bitcoin bonus offers and you can start a new winning streak today.
Bitcoins are legal in Canada just as normal online gambling is legal in Canada. Canada's first national law on regulating the digital currency was brought in on June 19, with Bill C-31. The county's current law was amended to include local and foreign businesses in digital currency markets in Canada to the areas covered by the Proceeds of Crime and Terrorist Financing Act of 2000. Once this law is enforced, businesses operating in Canada or those providing services to consumers in the country will be regulated and considered as money services businesses (MBS). This will ensure that exchanges of bitcoins have to follow standards of reporting suspicious transactions, keep records, use verification procedures, and adhere to registration requirements. If passed it may mean some changes to bitcoin casinos but for the moment bitcoin gambling is legal.
Currently, Canadians can buy bitcoins from exchange companies such as Quadrigacx.com, Kraken.com, and CoinSquare.com. You can also purchase them from people who have cryptocurrency they want to sell. You can purchase using cash, debit and credit cards, and other supported forms of payment. Regular users have an exchange account where they buy and sell currency. If you're just learning how to start using Bitcoin, we highly recommend you visit Bitcoin.org. It's a great resource for newbies.
The answer to this question depends on the bitcoin casino you want to play at. All the bitcoin online casinos that we recommend are safe and secure and have been proven fair. You need to take care when choosing a site to play at. Make sure the casino you choose is licensed and that is has a good reputation.
Bitcoin was founded back in 2008 by Satoshi Nakamoto. It is a digital currency that can be used to transfer funds between two recipients, no matter where they are located in the world. The digital currency has been growing more and more popular over the past few years and is becoming a common form of payment at many online gambling sites including poker rooms and sportsbooks. The bitcoin rate history is quite interesting and the current all-time high was set on the 17th November 2013 with BTCs worth US$1216.73. In April 2013, the price per BTC dropped from $266 to around $50 and then rose again to around $100. The currency has risen and fallen throughout its existence and in December 2016, the digital currency was worth between $800 and $1000. In 2016, the value of bitcoin today is over $1000 CAD.
Future bitcoin projections have been made and Juniper Research predicts that BTC transactions will triple in 2017. Given that the digital currency has built in features that encourage its price to rise over time, and given its popularity, there are plenty of reasons to believe that it will be around for quite some time. Juniper Research predicts that these transactions will reach $92 billion in 2017 and noted that there were several factors that contributed to their predictions including Brexit, the fragility of the Chinese economy, and on-going issues in Europe. Future price predictions by Daniel Masters could see it top $4,400 by the end of 2017. Masters believes that the digital currency will continue to rise in popularity and more and more companies will accept it as payment. One thing we know for sure, with high fees associated with traditional payment processing and all the red tape involved in online gambling regulation, Bitcoin casinos are here to stay and they will continue to gain popularity in 2017.
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