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The Best Online Casinos with Bitcoin in Canada 2021
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BEST ONLINE CASINOS WITH BITCOIN
BEST ONLINE CASINOS WITH BITCOIN
Many gamblers have already found that virtual gaming venues with Bitcoin make their deposit and withdrawal process much smoother and more consistent compared to other gaming portals. This is due to the use of the BTC wallet. When you gamble at a BTC gaming portal, you can benefit from faster, cheaper and anonymous deposits and withdrawals on the gambling site where you gamble.
If you are having trouble finding a reputable Bitcoin casino for you, our list of Bitcoin gambling sites can help you. Bitcoin is still in its infancy, but there are various Bitcoin game portals to choose from. We have studied a lot of them to find the best ones on the market. So, here you can determine which game portals are best rated by us and thus easily choose a suitable option for you.
What is Bitcoin?
Bitcoin is an open-source cryptocurrency that, unlike traditional fiat currencies, is not tied to a central bank and can be used completely anonymously. Transactions with Bitcoin are free and are processed almost instantly or at most within a few hours. This makes online casino Bitcoin an ideal choice for gambling on the Internet for several reasons.
The use of Bitcoin is completely legal. Since the currency is decentralized, it is almost impossible for any government or law enforcement agency to seize the funds of the gambling venue or gamblers. This provides protection from overzealous anti-online gambling policies.
Bitcoin also offers a level of freedom and anonymity that is important to many Internet users. No name or address is required to register on Bitcoin websites, and it often doesn't even ask for an email address to ensure complete privacy.
Advantages and disadvantages
Bitcoin offers many important advantages that are aimed at protecting gamblers from a variety of problems related to privacy, security and anonymity. Here are some main advantages of using Bitcoin Casino MGA:
- Low fees
Ordinary game portals are affected by the high costs associated with deposits and withdrawals. To make matters worse, the gamblers have to pay additional fees, which leads to a significant loss of cash from the total profit. At Bitcoin casinos, most of these costs are much lower due to the decentralization of cryptocurrencies. When you use Bitcoins for your deposits and withdrawals, there are often no fees.
- Instant transactions and transfers
Due to the decentralized nature of cryptocurrencies and the underlying blockchain technology, the duration of transactions and transfers is also minimal. Without intermediaries such as banks and governments, your transactions will always be carried out immediately as soon as the casino approves it.
- Anonymity and security
Since there is no personal information associated with your crypto wallet, it is difficult for users to know who handled what. Transactions with minimal to no personal data also protect you from identity theft. You don't need to send passport, ID or utility bill scans like you would in other venues. Crypto gamblers can be sure that no third party can see their personal data.
- Greater limits and gaming possibilities
Unlike most virtual venues, BTC gaming portals offer wider payment limits to cater to both beginners and high rollers. In fact, some online casinos offer Bitcoin no deposit or withdrawal limits. The playing possibilities at these game portals are also comprehensive. This is especially true because BTC gambling sites are always trying to attract more users with new and uniquely designed games alongside traditional options such as blackjack, roulette, slots, poker and dice.
- Bitcoin works globally
Crypto-based gambling sites are especially the best option for gamblers whose countries restrict online gambling. Regardless of whether this is restricted in your country, Bitcoin gambling sites welcome players from all over the world. With BTC gambling sites, players get full access to their earnings and can make deposits and withdrawals from virtually anywhere in the world.
- BTC venues are transparent
The nature of the blockchain guarantees that both the game and the transactions are fair and transparent. Each user has the opportunity to check whether the results of the Bitcoin games played by him are random, as they should be. So you can be sure that the games will not be manipulated in any way.
There are also some disadvantages of this payment method:
- Unpredictable - For many reasons, the future of Bitcoin is unpredictable.
- Value fluctuations - Another problem is that the price of Bitcoin is changing a lot. This means that a profit on one day may have a different value the next.
- Not generally available - While the popularity of Bitcoin is certainly increasing, most gaming portals still do not offer it.
- Hard to get - For fiat currencies, you already have access to it. With Bitcoin, you need to buy them first, which prolongs the process.
How to pay in the online casino with Bitcoin?
Once you have finished your crypto storage, you need to buy Bitcoins with PaysafeCard or choose another payment service to purchase. The best way to do this is to visit a Bitcoin exchange, where you can buy BTC in fiat currency. There is also an opportunity to buy coins from a person who already owns them and wants to sell them.
After that, you need to choose a BTC game portal. You can find that in our list. We have collected the top rated virtual venues for you. Open an account on the selected game portal, go to the cashier's page and select Bitcoin as the method of transaction. Click the "Send" button to link your Bitcoin wallet and complete the transaction. Deposits are often completed instantly, which means that you can start playing your favorite games right away.
How to pay out with Bitcoin?
The same procedure we used for the deposit is used for the withdrawal. You also need to visit the "Cashier" section, select BTC and enter your personal BTC wallet address with the desired withdrawal amount. Then you have it back in your wallet. Bitcoin transactions usually take only a few hours (more often a few minutes) and are completely free for withdrawals, since the operation is carried out through a BTC wallet.
Security of Bitcoin
While BTC is decentralized and not controlled by any government, many gambling sites that accept it for gambling are regulated. One of the best ways to identify a reputable gaming portal is to check its license. Most Bitcoin casinos online are licensed on Curaçao, a Caribbean island. The reason for this is simple. The Curacao eGaming license offers a complete solution for the gambling industry, especially when it comes to a crypto casino. It is the most accessible gaming license.
Bitcoin is one of the safest payment methods on the Internet today. Unlike other payment options such as credit cards, best Bitcoin casinos cannot access your personal or financial data when you make payments with BTC and other cryptocurrencies. This means that anyone can hold Bitcoin while maintaining privacy or transact business with BTC.
Important: Make sure you are aware of important security measures for crypto. Cryptocurrency transactions cannot be reversed. It is always advisable to deposit a small amount of Bitcoin and wait for a positive balance to appear. Store your Bitcoin in cold wallets, for which you have a backup to your private keys.
Are there any fees?
Bitcoin gambling sites do not charge transaction costs. Since all transactions are processed directly through a peer-to-peer network, there is no need to pay for intermediary companies. However, a multi-currency Bitcoin casino may charge a transaction fee to exchange Bitcoin for other currencies. However, with an average cost of 1 EUR, the fee is nominal.
Alternatives to BTC
Although BTC is becoming more and more popular, it is by no means one of the most popular payment methods for online gambling transactions. To use the crypto currency, a significantly higher level of input is required, which not all users are familiar with. If you are looking for an alternative, you can also take advantage of credit or debit card, for example, as well as a variety of e-wallet and prepaid options.
Conclusion to Bitcoin Casino Experiences
Bitcoin is one of the best and most popular cryptocurrencies available. It has made a good name for a reason and offers gamblers faster payouts, anonymity and increased security. Gambling websites are developing rapidly, so it is not surprising that they are now appealing to cryptocurrency users. The competitive market also ensures that the quality offered on the best Bitcoin casino sites can compete with other operators. So you can be sure that you are really spoiled for choice. In addition, with our guides and our Bitcoin Casino leaderboard, you can easily find a suitable game portal according to your preferences, where you will receive a generous Bitcoin Casino bonus!
