Choosing The Best Bitcoin Gambling Sites In 2022
The market’s rapid growth means there is a dizzying number of BTC gambling websites available to Canadians.
Rather than picking the first one you see, however, be patient.
If you don’t, there’s a danger of picking a poor fit for your requirements.
However, our team has come to the rescue by offering an outline of what to look for during your search.
Few things matter in your search more than locating Canada Bitcoin gambling sites with positive reputations.
If the BTC gambling site keeps your Bitcoins and refuses to release the funds, you are powerless to stop it.
With no higher authority to complain to, scam sites can easily steal a customer’s money since crypto transactions are non-reversible.
This is why you should read our exclusive reviews, where we outline whether BTC gambling websites deserve your trust.
Overall, it is essential to discover if the BTC gambling site:
Enables you to get hold of your money easily
Has customer support worth mentioning
The rapid nature of BTC transactions is one of its biggest plus points.
Yet certain Bitcoin gambling sites may lag behind industry leaders in transaction speed and have other issues.
Before you choose any BTC gambling site, here are three things to consider relating to its 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?
Rewards and bonuses
Typically, gambling sites offer bonuses as a means of bringing in new customers.
Here are a few of the bonuses you can expect to find:
Rewards for the use of BTC
No deposit bonuses
Please ensure you read the terms and conditions attached to each bonus.
They usually seem generous but often have strings attached.
For example, you may have to gamble through your initial deposit dozens of times to withdraw the bonus.
Top-rated sites also take the needs of their customers extremely seriously.
It doesn’t matter if you have tons of options and can quickly withdraw and deposit Bitcoin.
If the BTC gambling platform you choose doesn’t have your back when there’s a problem, it is not worth your time.
A gambling site with poor customer support can quickly cause frustration and anger.
On the contrary, Bitcoin gambling sites dedicated to high-quality customer service are usually highly rated.
Such companies help solve issues efficiently, so you can enjoy the site.
Variety & quality of what's on offer
When you’re using a gambling company, variety matters.
Bitcoin gambling platforms 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.
Also, pay attention to the overall quality of what’s available.
Regardless of quantity, if you’re forced to use the same kind of games and markets, your patience quickly wears thin.
Moreover, sites that offer progressive jackpots and long odds could help you get the most out of your BTC.
Looking for the best Bitcoin Gambling Sites? Read our guide
You’ll find a ton of information about Bitcoin gambling sites online without question.
The problem is that much of this content contains factual errors.
Ultimately, it boils down to sites not having the desire to do the work.
We like to do things right, which is why we thoroughly examine gambling websites.
We play each site for as long as it takes to offer a full picture for our readers.
It is challenging, but we enjoy the process because we know the result is the best set of reviews around.
Already, we have reviewed an immense number of gambling sites and are far from being finished.
What Attracts Gamblers To Bitcoin Gambling Sites?
No matter your sporting or casino interests, the best BTC gambling websites give you a chance to gamble online at a whole new level.
Apart from allowing winners to stay longer than soft bookmakers, BTC gambling sites spoil you for choice in sports and markets.
They also provide a large choice of casino games.
Not to mention poker tournaments where you get to compete against real opponents.
Unlike regular casinos, where you can only use one table at a time, the online version lets you get involved in numerous tables simultaneously.
If you love casino games but don’t live anywhere near such an establishment, the experience provided by Canada Bitcoin gambling sites is the next best thing.
Lovers of traditional casino games are delighted to find the likes of baccarat, blackjack, and roulette on offer.
Bitcoin gambling websites excel in adding a new spin to legendary games while also offering the original versions.
Even so, you must remember that the house edge remains similar, so stick to games where your chance of winning is at its highest.
For instance, the casino has a 1.24% advantage in baccarat when you back the player, but the edge is just 1.06% when your BTC goes on the banker.
Other well-known games available on gambling sites that accept Bitcoin include Texas Hold’em, Yablon, and Three Card Poker.
While video poker is enjoyable, it doesn’t offer the same buzz as competing against real people.
Once you register on any Bitcoin gambling site, you can get involved in a proper game to see how good you are.
There are lots of poker variations available, although most sites offer the following two.
Five card draw
This is one of the oldest versions of poker, and each competitor receives five cards at the beginning of the game.
Players have to add money to the pot; only then do they get their cards and have the chance to make further gambles.
To win BTC after the first gamble, you can continue with your five cards or discard up to three and ask for new ones.
Texas Holdem has quickly become one of the world’s favorite forms of poker.
Each player gets two cards; then, the dealer places a maximum of five cards on the table, which everyone can use.
The aim is to create the strongest five-card hand or bluff your opponent into thinking you have it!
The No Limit version is among the most exciting forms.
You’ll find it easy to locate whatever sports or market you want on Bitcoin gambling websites.
Indeed, they’re close to providing even more choice than fiat-accepting gambling sites.
BTC gambling websites will give you what you need, whether it is a market for a world title fight in boxing or the Super Bowl.
In addition, you can focus on huge global events such as the Tour de France or the Cricket World Cup.
Profitable bettors who left standard gambling websites because of restrictions are registering with BTC gambling sites en-masse.
They don’t have to halt their activities and can instead look forward to further profits.
The house may win most of the time, but world-class bettors can still make money off gambling websites.
With the widespread availability of gambling sites accepting BTC, they no longer need to fear running out of places to gamble money.
Why Are Bitcoin Gambling Sites Worth Your Time & Money?
Given the amount of advertising regarding Bitcoin gambling sites, you’re likely wondering if the praise is deserved.
Ultimately, they ARE better than conventional gambling websites and are likely the future.
Keep reading to discover why you should choose them.
Crypto is the present; fiat is the past
We have used fiat currency for a long time, but it is approaching its sell-by date.
Central banks worldwide continue to print paper money, which decreases its worth.
This means the $1,000 fiat in your account today will be worth less in real terms five years from now.
As Voltaire famously wrote: “Paper money (…) eventually returns to its intrinsic value – zero.”
In contrast, the most popular cryptocurrencies are in a growth phase, so they are likely to increase in value.
Therefore, if you win BTC on a gambling website, the value of your earnings could continue to grow.
Fiat currency had its day; now, we must embrace Bitcoin, the future of money.
Even though gambling website usage is popular, society still looks down upon this pastime.
Banks, in particular, are against the idea of gambling on one of these sites.
They like it when you fund your hobby with fiat, as it is easy for them to trace.
There are many reports of them turning down mortgage applications because the individual used a gambling website.
With Bitcoin, you get the anonymity you crave.
Financial institutions have no involvement in digital currency transactions.
As a result, you can register, deposit, and enjoy everything a gambling website has to offer in complete privacy.
Better user experience
Those who try BTC gambling sites often claim they find them more entertaining than conventional gambling platforms.
Here are six reasons why these modern sites offer a better UX:
Lightning transactions mean you can send and receive money in the blink of an eye
Smaller deposit/withdrawal fees
Attractive BTC use bonuses
Easy to navigate contemporary websites
Better deposit/withdrawal limits for high rollers
A reduced risk of account restrictions for being successful
As a gambler, you won’t regret switching to BTC gambling websites.
The cryptocurrency market does have issues with people hacking and stealing money.
However, it is important to note that such criminality is mainly confined to the exchanges.
Indeed, there are no reports of any major crimes committed against Bitcoin gambling site users.
All Bitcoin transactions are protected by a network that verifies them while also offering encryption security.
Also, the private keys used in transfers are long and exceedingly hard to decode.
Crypto experts often point out that debit and credit cards are more vulnerable than Bitcoin.
Main cryptos overview
These days, there are probably 13,000 crypto assets available, and the number continues to rise.
Even so, don’t expect any gambling site to offer too many options.
Below, we feature four digital currencies commonly used on gambling platforms that authorize crypto transactions.
Created in January 2009 by an individual or group called Satoshi Nakamoto, Bitcoin is the digital currency that started the revolution.
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 gambling platforms allow its use.
However, its enormous value means you’ll have to pay a significant amount of money to buy a decent amount of BTC.
On the plus side, the Bitcoin network is incredibly secure and has never been successfully hacked.
Known as the silver to Bitcoin’s gold, Ethereum remains the #2 most valuable cryptocurrency.
In July 2015, Gavin Wood and Vitalik Buterin developed ETH and have watched its value skyrocket as its plus points became known.
If you want lightning-quick deposits or withdrawals, Ethereum is ideal; its transaction time is 12 seconds!
According to many digital currency experts, it is best to purchase ETH now as its value might eventually exceed Bitcoin’s.
Litecoin is a Bitcoin spinoff created in October 2011 by Charlie Lee.
However, it soon gained a loyal following, which resulted in its value soaring, and it is now comfortably in the top 20 coins in market cap terms.
The benefits of using LTC include tiny transaction fees and rapid deposits and withdrawals.
We recommend reading our reviews to see if the gambling website of your choice accepts it.
Jackson Palmer and Billy Markus created Dogecoin in December 2013 as a joke.
The coin is now synonymous with the image of the Shiba Inu dog breed.
These days, it is considered a serious digital asset, aided by promotion from Elon Musk, the founder of Tesla.
DOGE offers excellent security and fast transactions, so its use on gambling sites is worth considering.
However, there is a danger of inflation since Dogecoin has no supply limit, and not many sites accept it at present.
Is It Legal For Canadians To Use Crypto And Gambling Sites?
Despite the level of hype and advertising, don’t assume that it is legal to gamble on gambling sites accepting Bitcoin using digital currency.
Several countries don’t allow one or the other, and a few outlaw both.
In some cases, you can try to use Bitcoin gambling sites 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, Bitcoin gambling site usage is legal!
Is it legal to use Bitcoin in Canada?
Yes, residents of Canada are legally protected should they choose to make BTC transactions or buy/sell it on exchanges.
Yet you should note that the Canadian government doesn’t see crypto as 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.
Therefore, you must report gains or losses on it when filing your tax returns.
While there is regulation surrounding exchanges, it is not the same situation regarding crypto coins.
Therefore, many businesses remain unwilling to accept them as payment without the protection of a central authority.
Bitcoin gambling sites are willing to make this choice, knowing they could attract a growing number of customers.
Where is the best place to purchase Bitcoin?
Exchanges are probably the best place to buy Bitcoin.
In Canada, there is protection for users as crypto exchanges are regulated as money services operations.
Consequently, to continue operating, these organizations must comply with rules relating to verification, recordkeeping, reporting, and a whole lot more.
Since June 2020, digital assets exchanges must also register with FinTRAC.
This is the agency that deals with financial crimes in Canada.
Overall, purchasing and using Bitcoin in Canada comes with numerous protections.
Can Canadians Gamble online?
As a resident of Canada, you are legally permitted to gamble online.
The lawful age for gambling in the country is 19.
Except in Quebec, Alberta, and Manitoba, all of which allow you to gamble when you’re 18.
Unless the CRA declares you a professional gambler, any money you make from successful gambles remains untaxed.
As far as gambling platforms are concerned, it is illegal to operate on Canadian soil without provincial government licensing or ownership.
Even so, this fact hasn’t prevented over 1,000 unlicensed offshore sites from offering their services to Canadian residents.
Single-game betting is now legal
Canada’s betting rules come from the Criminal Law Amendment Act of 1968-69.
The government then handed control of gambling laws over to the provinces in 1985.
The result was an enormous number of casinos opening throughout the country.
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.
Up until August 2021, it was technically illegal to gamble on a single game.
Ultimately, things changed thanks to C-218, a law passed to end the prohibition of single-game wagers.