What’s So Special About Crypto Casinos?
Given the amount of advertising regarding casinos with Bitcoin, you’re likely wondering if the praise is deserved.
We’re here to tell you that they’re superior to their traditional counterparts in many ways.
Let’s check out a few arguments in their favor.
Crypto > fiat
Fiat currency is old-fashioned and no longer suitable for the world we live in.
Central banks worldwide continue to print paper money, which decreases its worth.
Consequently, any fiat currency you hold is guaranteed to decrease in purchasing power terms.
As Adam Smith once wrote: “The problem with fiat money is that it rewards the minority that can handle money but fools the generation that has worked and saved money.”
The biggest crypto assets are different insofar as they are currently growing in value.
Consequently, if you earn crypto on a casino website, it could act as a hedge against the inflation that cripples fiat.
Ultimately, while fiat’s time is up, the time is now for crypto.
Improved security
The cryptocurrency market does have issues with people hacking and stealing money.
Nonetheless, the majority of problems relate to cryptocurrency exchanges.
BTC casinos, on the other hand, usually provide a haven for users.
Whenever you complete a transaction with Bitcoin, it is encrypted and goes through many verification rounds on the network.
Furthermore, each transaction involves a lengthy and complicated private key that is tough to decipher.
Crypto experts often point out that debit and credit cards are more vulnerable than Bitcoin.
Better user experience
Overall, the many benefits offered by cryptocurrency casinos result in a better user experience than with standard casinos.
Here are a few other advantages that lead to a superior UX:
Rapid transaction times so you’re not waiting to fund your account
Lower transaction fees
Additional bonuses when playing with crypto
Up to date web design
Increased limits on deposits and withdrawals
A smaller chance of having your account closed for winning
As a gambler, you won’t regret switching to crypto casinos.
Protect your privacy
Those who use casinos still have to look over their shoulders despite the industry’s growth.
Banks, in particular, are against the idea of wagering on one of these sites.
Fiat usage is a bad idea if you want secrecy as banks can see what you’re doing.
Banks will even tear up your loan application if you’re caught using a casino website.
If you want your pastime to remain hidden from the bank, use Bitcoin, not fiat.
Financial institutions have no involvement in digital currency transactions.
As a result, you can register, deposit, and enjoy everything a casino has to offer in complete privacy.
How To Find The Best Crypto Casinos In 2024
There are a potentially overwhelming number of casinos with BTC to choose from in Canada.
Nonetheless, it’s important to avoid rushing your decision.
Otherwise, you might regret your choice.
Fortunately for you, here’s an overview of the criteria to consider when searching for a suitable site.
Reputation
Your first action should be to analyze the Bitcoin casino’s online reputation.
Sadly, if a shady cryptocurrency casino website hangs on to your cryptocurrencies, there’s no action you can take to get it back.
Crypto transactions can’t be reversed once finalized, so a shady site can do what it likes because there is no oversight.
Therefore, it makes sense to check out our reviews to learn more about the reputation of crypto casinos.
Overall, it is essential to discover if the crypto casino:
Has a spotless record
Lets you access your money
Cares about its customers
Payments
One of the benefits of using Bitcoin is the incredibly fast transaction time.
Nonetheless, some BTC casinos are slower to process payments than others and have other constraints.
Don’t use any Bitcoin casino until you’re happy with the answers to these three questions about transactions:
How long must you wait for deposits & withdrawals to process?
Does it accept popular digital currencies? (These include ETH, DOGE, BTC, and LTC)
How much are you allowed to deposit and withdraw at once?
Assortment of games and markets
No matter what casino website you use, boredom quickly hits if there isn’t enough choice.
Crypto casinos can have a ton of worthwhile qualities, but without plenty of variation, you’ll quickly leave.
Therefore, investigate a site’s markets, game quantity, and special features to see if it holds your attention.
Furthermore, focus on the standard of the site.
Regardless of quantity, if you’re forced to use the same kind of games and markets, your patience quickly wears thin.
Besides the above considerations, make your Bitcoin work best by checking out sites with value odds and mega jackpots.
Rewards and bonuses
Offering bonuses to attract users is a normal part of how any casino company operates.
The types of rewards on offer include, but aren’t limited to:
Welcome bonus
Bonuses for using Bitcoin
VIP programs
No deposit bonuses
Reload bonuses
Please ensure you read the terms and conditions attached to each bonus.
They might seem like a good deal, but in reality, there are usually stipulations.
For instance, you must play through your welcome bonus deposit 30+ times before withdrawing it.
Customer support
You also want a site that solves customer complaints quickly and effectively.
It doesn’t matter if you have tons of options and can quickly withdraw and deposit Bitcoin.
When crypto casinos ignore their customers, they are a waste of your time and money.
A casino with poor customer support can quickly cause frustration and anger.
In contrast, rapidly getting to the root of any problems you have is a sign of a legit crypto casino.
These brands deal with your issues ASAP and don’t stop until you are satisfied.
The best Crypto Casinos are in our guide
You’ll find a ton of information about crypto casinos online without question.
Sadly, misinformation and outright lies are features of Internet content.
In most cases, sites that provide faulty information are too lazy to find the truth.
In contrast, we use as many resources as possible to provide the best review of a casino.
It might take us days to complete enough hours of play to be satisfied that we’ve analyzed everything.
It is challenging, but we enjoy the process because we know the result is the best set of reviews around.
While you will find hundreds of casino reviews by our team, we’re only getting started!
Canada's Take On Cryptocurrencies And Casinos: Are They Legal?
Despite the level of hype and advertising, don’t assume that it is legal to play on cryptocurrency casino websites using digital currency.
You might find that your nation has no issue with digital assets but forbids gambling, or it might allow betting but not crypto.
In some cases, you can try to use Canada Bitcoin casinos even if it is against the law, but it is a huge risk.
Should the site choose to ban you and keep your money, there’s nothing you can do about it.
Happily, if you live in Canada, cryptocurrency casino website usage is legal!
Is it legal to use Crypto in Canada?
Absolutely! In Canada, you have the right to use crypto exchanges and make transactions with the new currency.
Despite the easy availability of digital assets, they are not considered legal tender.
Consequently, there’s no possibility of using it to pay taxes you owe to the Canadian Revenue Agency (CRA).
Unfortunately, the CRA also mandates that any profit you earn from crypto is taxable.
Accordingly, during tax season, you have to outline any profit/loss on it.
Digital assets are not regulated in Canada, even though the exchanges that sell them are.
This is why relatively few merchants accept digital currency transactions since there is no bank protection.
Crypto casinos are willing to make this choice, knowing they could attract a growing number of customers.
How do I obtain Bitcoin?
You can purchase cryptocurrency on exchanges.
Bear in mind these exchanges are regulated like money services businesses in Canada.
Consequently, to continue operating, these organizations must comply with rules relating to verification, recordkeeping, reporting, and a whole lot more.
In June 2020, new legislation mandated that digital exchanges had to register with FinTRAC.
It is Canada’s main authority when it comes to investigating and punishing financial misconduct.
Overall, purchasing and using crypto in Canada comes with numerous protections.
Can Canadians Play online?
Yes, online wagering is perfectly legal in Canada.
The lawful age for gambling in the country is 19.
The exceptions are Alberta, Manitoba, and Quebec, which permit 18-year-olds to play too.
Also, income from playing isn’t taxable unless you’re classified as a professional gambler.
On the side of casinos, no business in this industry is legally allowed to operate within Canada’s borders without the permission of a provincial government.
Even so, this fact hasn’t prevented over 1,000 unlicensed offshore sites from offering their services to Canadian residents.
An important new gaming law
Originally, Canadian betting laws came from the 1968-69 Criminal Law Amendment Act.
Rather than regulating gambling on a federal level, the government permitted Canadian provinces to regulate and license gambling in 1985.
Ultimately, the law was a massive boost for the casino industry as a significant number opened throughout Canada.
Since this law has remained intact, provinces use their power to make rules for online casinos and bookmakers.
A recent change to gaming law in Canada finally eliminated an unusual rule that was unhelpful to bettors.
According to this ruling, only parlay wagers were legal as single game wagers were outlawed until August 2021.
Ultimately, things changed thanks to C-218, a law passed to end the prohibition of single-game wagers.
A quick rundown of four major cryptocurrencies
Overall, you’ll find thousands of cryptocurrencies with new ones seemingly created each day.
Even so, don’t expect any casino company to offer too many options.
Keep reading to learn more about four of the most popular digital assets accepted on casinos that use crypto.
Bitcoin
An unknown collective or individual named ‘Satoshi Nakamoto’ created Bitcoin, the first crypto asset, in January 2009.
It is the most valuable coin, having exceeded the trillion-dollar market cap mark.
Since Bitcoin has the greatest value and is the best-known cryptocurrency, practically all crypto casino websites allow its use.
On the downside, it costs a huge amount of money to own a full BTC these days.
A major upside is the security of the Bitcoin network; even the world’s best hackers have failed to penetrate it.
What to Expect from Crypto Casinos
As a first-time casino with BTC user, you likely don’t know what awaits you.
However, you’ll find them similar to traditional casinos.
Indeed, apart from the fact you use crypto instead of fiat, Canada crypto casinos will soon feel familiar.
Apart from all-time favorite casino games, these sites offer games you won’t find on fiat accepting casino websites.
Even so, the majority of people want to play the casino games they know about.
We’re well aware of this fact, which is why we’ve included helpful information on five legendary games found on crypto casinos.
Blackjack
Practically every casino company offers the game of blackjack.
It is arguably the casino world’s most famous card game, probably originating in France in the 1760s.
How to play blackjack
In blackjack, the goal is to get a maximum score of 21 while also having a higher total than the dealer.
More often than not, you’ll need to take a third card to achieve this objective, though it is possible to win after two.
You and the dealer get two cards; one of theirs remains face down while both of yours are visible.
At this point, you must do one of the following:
Hit: You get another card
Stand: You settle for your current score
A hand is ‘bust’ when the score is over 21 and loses unless the other person busts too.
Blackjack card value
Aces: Either 1 or 11
Face Cards: 10
Numbered Cards: 2-10 as per their standard value
What’s the value of a blackjack win?
Traditionally, you earn twice your initial wager with a blackjack win, but the casino usually takes a slight commission.
A score of 21 on most crypto casino websites typically results in 50% extra added to your winnings.
Other relevant rules in blackjack
If you’re in a weak position, surrendering or taking insurance decreases your potential loss.
On the flipside, doubling down or splitting are plays to consider if you’re in a good position.
Check the Bitcoin casino’s terms and conditions to see if the dealer has to stand or hit on ‘soft’ 17.
A ‘soft’ hand is one that contains an Ace because it gives you the chance to change your total.
Slots
A New York-based company called Sittman and Pitt created a device considered the precursor to the slot machine in 1891.
Yet it is the Liberty Bell machine, created by Charles Fey in the late 19th century, that captured people’s attention.
While Liberty Bell is well over a century old, it is still the basis for what you’ll find on casinos with crypto.
You can choose between old-fashioned 3-reel slots and the more modern 5-reel machines.
Regardless of which one you choose, you complete a spin in seconds, and there is no learning curve.
Slots bring people in due to the volume of spins and the fact they can win with any play.
For those hoping to strike it lucky, casinos with Bitcoin offer progressive jackpots which sometimes pay out six or even seven figures.
However, please note that slots often provide the house with a major edge, and winning is down to luck, not skill.
Roulette
The game of roulette is over 200 years old, with France its likely origin.
The 37-number European wheel offers better value; it has just one zero along with the numbers 1-36.
The casino enjoys a bigger edge with the American wheel, as it has two zeroes and 38 numbers in total.
To win in roulette, you must determine where the ball will land once the wheel stops spinning.
Check out the betting area on the BTC casino website; it should be next to the wheel on your screen.
Here are some of the available roulette wagers:
If you’re hoping to win big, try to guess a single number; getting it right pays out at odds of 35/1.
Going for a double or nothing wager is more sensible, such as picking red/black or an odd/even number.
Further possibilities include the dozens or column plays; both offer a 2/1 payout.
Please note that so-called staking strategies such as Martingale are a waste of time and money.
The house has a built-in edge, so it is unwise to consider roulette as a method of earning a long-term income.
Instead, make your plays with fun in mind, and enjoy the unique thrill offered by this legendary casino game.
Video Poker
Although there is stiff competition, Jacks or Better is the #1 choice on BTC casinos.
Nonetheless, there are games such as Pick’em Poker, Bonus Poker, and Deuces Wild if you want something else.
As the name suggests, you need at least a pair of Jacks from your five cards to win some money.
You’ll win more with a hand such as four of a kind, a straight, or two pairs.
Certain crypto casinos let you play a win further, inviting you to pick a high or low card.
You’ll see five cards, one of which is face up.
Winning involves choosing a card with a higher value than the one you can see.
Jacks or Better tends to provide one of the largest payout rates of any casino with crypto game.
Unlike many casino games, video poker rewards skill, although there is still luck involved.
Baccarat
Individuals seeking to sample the glamour of casinos often gravitate towards baccarat.
Created in France in the 1800s, it is easy to learn.
A quick overview of baccarat
Pick the player or banker when making a baccarat play; the house enjoys a bigger edge if you side with the player.
The individual with the highest score wins, though the maximum total is 9.
If you get a score of 10 or above in baccarat, your hand is the value of the second digit.
For example, if you get a 9 and a 7 for a total of 16, your baccarat score is 6.
Face cards and tens are worth no points, Aces are a single point, and cards numbered 2-9 retain their value.
After two cards, you have a ‘natural’ if your total is 8 or 9 and win the hand if your opponent has a lower score.
A third card becomes possible when there’s no natural depending on the scores of the player and banker.
If the banker’s total is 2 or less, they take a third card no matter the player’s score.
How much can you win in Baccarat?
For the most part, a baccarat win results in you doubling your play, although the casino takes a small commission.
You can also wager Bitcoin on a tie at odds of up to 9/1, but it offers the worst value.
The site enjoys an edge of over 14% on the tie at 8/1 odds, compared to just 1.24% for the player and 1.06% for the banker.
There are three versions of baccarat; punto banco is the main game, but there are sometimes other options.
Chemin de Fer
Chemin de Fer is French for ‘railway’ and is the favored baccarat version in the European nation.
This game allows everyone to become the dealer at some stage instead of the single dealer rule in Punto Banco.
Once you deal the cards, the person sitting counter-clockwise gets the next turn.
If you side with the player in Chemin de Fer, you have the option of standing on 5.
In contrast, neither the player nor banker can stand on 5 in Punto Banco; they can only do so with a score of 6+.
Baccarat Banque
While not as popular as Chemin de Fer, Baccarat Banque remains in-demand in France and other European nations.
The person willing to assume the biggest risk gets to become the banker.
After dealing the first hand, you can continue the role or allow someone else to take over.
Although you can resume as a banker, you can only do it three times in total.
Apart from the rules surrounding the bank in Baccarat Banque, it is quite similar to Chemin de Fer.