What’s So Special About Solana Casinos?
By now, you’ve probably heard a lot of hype about casino websites that accept SOL and want to know if it is justified.
We’re here to tell you that they’re superior to their traditional counterparts in many ways.
Keep reading to discover why you should choose them.
Crypto is better than 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.
As a result, the fiat stored in your account will inevitably reduce in value over time.
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 Solana on a casino, the value of your earnings could continue to grow.
Ultimately, while fiat’s time is up, the time is now for crypto.
Protect your privacy
Even though casino usage is popular, society still looks down upon this pastime.
Banks, in particular, are against the idea of wagering on one of these sites.
When you use fiat currency to pursue your hobby, the banks can easily find out.
Banks will even tear up your loan application if you’re caught using a casino.
If you want your pastime to remain hidden from the bank, use Solana, not fiat.
This is because the banking system is not involved in these transactions.
As a result, you can register, deposit, and enjoy everything a casino has to offer in complete privacy.
Opponents of crypto point out that hacks and thefts are relatively common in the market.
Yet, most lawbreaking occurs on the digital asset exchanges.
In contrast, reputable Canada Solana casinos are relatively ‘safe.’
Solana transactions are encrypted and verified multiple times on the network.
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 Solana.
Exceptional user experience
Overall, the many benefits offered by casinos with SOL result in a better user experience than with standard casinos.
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 Solana use bonuses
Easy to navigate contemporary websites
Better deposit/withdrawal limits for high rollers
A reduced risk of account restrictions for being successful
If you’re a serious bettor, there’s no reason to delay registering with casinos with SOL.
Four digital currencies to consider
Estimates of the number of cryptocurrencies in existence vary, although there are probably close to 13,000 coins available.
However, most casino websites that allow digital currency use only accept a handful.
Keep reading to learn more about four of the most popular digital assets accepted on casinos that use crypto.
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.
The popularity and worth of Bitcoin mean that crypto casinos welcome its use.
However, its enormous value means you’ll have to pay a significant amount of money to buy a decent amount of BTC.
A major upside is the security of the Bitcoin network; even the world’s best hackers have failed to penetrate it.
Jackson Palmer and Billy Markus created Dogecoin in December 2013 as a joke.
It is known for the image of the Shiba Inu dog that features on its logo.
Despite its origins, this particular cryptocurrency is now taken seriously, with Elon Musk, the founder of Tesla, often tweeting about it.
DOGE offers excellent security and fast transactions, so its use on casino websites is worth considering.
Yet, only a handful of sites accept it, and the limitless theoretical supply could result in unwanted inflation.
Only Bitcoin has a greater market cap than Ethereum, which is far above every other coin.
In July 2015, Gavin Wood and Vitalik Buterin developed ETH and have watched its value skyrocket as its plus points became known.
One of Ethereum’s main features is its fantastic transaction time of just 12 seconds.
Even though ETH is already costly, some believe it will overtake Bitcoin one day, so the time might be right to invest in it.
Solana is a cryptocurrency and blockchain platform, hosting decentralized and flexible apps.
It was created in 2017 as an open-source system by the Swiss company, Solana Foundation.
SOL is the native cryptocurrency taking the 5th position, with an approximate market cap of $66 billion.
Solana is recognized for lower transaction costs on casino websites and better processing time than Ethereum.
Apart from using proof-of-stake blockchain, Solana also utilizes proof of history technology.
Is It Legal For Canadians To Use Crypto And Casinos?
There is no guarantee that you can play on any casino that accepts Solana using crypto assets as it depends on your country’s rules.
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 Solana casinos even if it is against the law, but it is a huge risk.
The site is free to freeze your account and keep your funds if you use it from a banned nation.
Fortunately, Canadian residents are free to use SOL casinos!
Is it legal to use SOL in Canada?
Yes, residents of Canada are legally protected should they choose to make Solana transactions or buy/sell it on exchanges.
However, it is not classified as legal tender.
As a result, the Canadian Revenue Agency (CRA) won’t let you use it to pay your taxes.
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.
Digital assets are not regulated in Canada, even though the exchanges that sell them are.
Hence, we have a situation where most companies won’t accept them due to the perceived risks.
While Solana casino websites acknowledge the danger, they see it as a trade-off for healthier profits and greater visibility.
Where is the best place to purchase SOL?
Most people get their SOL from specific exchanges.
In terms of regulation, digital currency exchanges are treated as money services businesses.
This means they obey a detailed set of rules, including strict laws surrounding due diligence, reporting, and more.
Since June 2020, digital assets exchanges must also register with FinTRAC.
This is the agency that deals with financial crimes in Canada.
Strong regulation in Canada and a high level of SOL security means buyers and users are well protected.
Is Wagering online legal in Canada?
As a resident of Canada, you are legally permitted to wager online.
However, you must be at least 19 years of age.
Except in Quebec, Alberta, and Manitoba, all of which allow you to play when you’re 18.
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.
Nevertheless, approximately 1,000 unlicensed offshore sites currently exist and offer games to Canadians.
An important new gaming law
Originally, Canadian betting laws came from the 1968-69 Criminal Law Amendment Act.
The government then handed control of gambling laws over to the provinces in 1985.
This piece of legislation led to a massive increase in the number of casinos throughout Canada.
These laws are still in operation today and regulate online gambling in Canada’s provinces.
An odd quirk in the law limiting betting activity was only recently changed.
Up until August 2021, it was technically illegal to play on a single game.
Yet, the Canadian government passed C-218, a law that finally allows the practice of single-game betting.
What do Solana Casinos Offer?
If you’re a novice when it comes to casino websites that accept Solana, there’s an element of mystery involved when you register.
Soon though, you’ll realize that they’re not so different from standard casinos.
It won’t take long for you to determine that the main contrast lies in the use of SOL on casinos.
You’ll discover the casino games you love on crypto-accepting casinos and some fun new options.
Even so, the majority of people want to play the casino games they know about.
To help you in your search, we outline five of the most popular on Solana casinos below.
You should find blackjack on virtually every online casino website.
Legend has it that the game was developed in France in the 18th century, and it is among the best-known casino games.
You win in blackjack if your hand has a higher score than the dealer, and you don’t exceed 21.
While it is better to win after two cards, you can also succeed once you draw a third card.
Initially, the dealer gives you two cards face up, but you can only see one of their two cards.
Once you check your initial score and that of the dealer, you must take one of the following actions:
Hit: You receive an additional card
Stand: You decide not to accept another card
If you or the dealer scores 22+, the hand is declared ‘bust,’ and the opponent wins unless they also go bust.
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?
Overall, you will double your play if you win, although you might lose up to 5% of your profits via a casino website’s commission.
A score of 21 on most SOL casinos typically results in 50% extra added to your winnings.
Other blackjack rules
If you’re in a weak position, surrendering or taking insurance decreases your potential loss.
Riskier wagers include splitting or doubling down when you have a strong hand.
Check the SOL casino website’s terms and conditions to see if the dealer has to stand or hit on ‘soft’ 17.
Any hand that contains an Ace is considered soft because it is the only card in the deck with two possible values.
Developed in France in the 1700s, roulette is as popular as ever.
With one zero and 37 numbers overall, the European wheel reduces your disadvantage.
The casino enjoys a bigger edge with the American wheel, as it has two zeroes and 38 numbers in total.
Before the croupier drops the ball into the spinning wheel, you have to decide where you think the ball will stop.
Look for the Solana casino in Canada’s betting table when you want to place a wager.
Check out the following plays you can make in roulette:
The straight-up play at 35/1 is the ‘go-to’ for people who are feeling lucky.
Yet the odd/even or red/black options are better if you want your bankroll to last a little longer.
Additional interesting roulette wagers include double street at 5/1 or the split at 17/1.
Also, roulette strategies like Martingale only increase your risk of ruin; they are not a surefire way to win.
The house has a built-in edge, so it is unwise to consider roulette as a method of earning a long-term income.
Consequently, you must view this game as a fun activity and make responsible plays.
One could argue that the Sittman and Pitt machine of the early 1890s was the first slot.
Nonetheless, Charles Fey stole the limelight with his Liberty Bell machine developed at around the same time.
Even today, the games offered by Canada Solana casinos are based on Fey’s invention.
Indeed, the 3-reel slot machine remains popular even though casinos now offer 5-reel versions.
Regardless of which one you choose, you complete a spin in seconds, and there is no learning curve.
It’s possible to make several hundred plays in one hour; this is one of the big attractions of slots.
For those hoping to strike it lucky, Solana casinos offer progressive jackpots which sometimes pay out six or even seven figures.
It takes good luck to win on slots because the house edge is often substantial.
Although there is stiff competition, Jacks or Better is the #1 choice on Solana casino companies.
Nonetheless, there are games such as Pick’em Poker, Bonus Poker, and Deuces Wild if you want something else.
The simplicity of Jacks or Better is a major draw; all you need is a pair of Jacks from five cards to win.
There are bigger prizes on offer for getting hands such as a straight flush, flush, or three of a kind.
Depending on the Solana casino website, you might have the chance to double, quadruple, etc., your winnings via a high/low card game.
Usually, this bonus game gives you five cards; one is face-up, and the rest are face down.
You have to pick one of the four cards with a higher value than the face-up card.
Ultimately, bettors love Jacks or Better because it has one of the lowest house edges of any Solana casino website game.
While most casino games are based on luck, there is skill and a steep learning curve in mastering video poker.
Baccarat is a game with a reputation for sophistication.
Yet this 200+-year-old French card game is simple to understand.
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.
Both player and banker receive two cards, and the one with the highest score wins, to a maximum of 9.
A total of 10+ means the second digit becomes the hand’s value.
Suppose the player gets a 5 and a 9; their total is 14, but their baccarat score is 4.
You get one point for each Ace, no points for tens, Jacks, Queens, or Kings, and the value of cards worth 2-9 remains the same.
If the player or banker scores 8 or 9 from the first two cards, it is considered a ‘natural,’ and that person wins the hand.
If there is no natural score, either party could receive a third card based on the initial totals.
According to the rules, a player must accept the third card on a score of 5 or less but stands on 6 or 7.
How much can you win in Baccarat?
In general, a win in baccarat is worth double your money minus the casino website’s commission of up to 5%.
You can try to win more SOL with a tie at up to 9/1 odds, but it is the best option for the casino.
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
This is France’s preferred version of baccarat and means ‘railway’ in the French language.
While there is only one dealer in Punto Banco, everyone gets a turn to deal in this version.
The role of the dealer shifts anti-clockwise.
Another interesting rule change in Chemin de Fer is that a player may stand on 5.
Punto Banco is different as players and bankers can only stand on scores of 6 and above.
While not as popular as Chemin de Fer, Baccarat Banque remains in-demand in France and other European nations.
You take the role of the banker only if you accept the highest level of risk.
You must deal at least one hand as the banker; then, you can decide if you want to continue in the position.
Overall, you can become the banker no more than three times during the game.
While the banker rule is different, Baccarat Banque has many similarities with Chemin de Fer.
How To Find The Best Solana Casinos In 2022
There are a potentially overwhelming number of Solana casinos in Canada to choose from in Canada.
Yet, it is essential to take your time and choose carefully.
Selecting the wrong one for your needs could impact your user experience.
This is why we’ve written comprehensive notes on the most important aspects of a site.
Few things matter in your search more than locating casinos accepting Solana with positive reputations.
Sadly, if a shady SOL casino website hangs on to your Solanas, there’s no action you can take to get it back.
With no higher authority to complain to, scam sites can easily steal a customer’s money since crypto transactions are non-reversible.
We advise you to look through our reviews to discover the legitimacy of casinos that accept Solana.
You must find out whether the Solana casino:
Has a clean reputation
Allows easy deposits and withdrawals
Respects its customer base
Deposits & withdrawals
The rapid nature of Solana transactions is one of its biggest plus points.
However, not every casino with Solana excels in this department and may also have some limitations.
Before you choose any SOL casino, here are three things to consider relating to its transactions:
Does the site have lightning-quick deposits & withdrawals?
What cryptocurrencies does it accept? (Options include LTC, BTC, DOGE, and ETH)
What are the limits on withdrawals and deposits?
You also want a site that solves customer complaints quickly and effectively.
By themselves, good features and easy deposits aren’t guaranteed to offer a good user experience.
Solana casinos that fail to help out when you’re in need are worthless.
If you use a casino with rude or unresponsive customer support, it is easy to get annoyed.
In contrast, rapidly getting to the root of any problems you have is a sign of a legit Solana casino company.
Such organizations specialize in effective response to customer issues, ensuring players happily return to the site.
Assortment of games and markets
When you’re using a casino website, variety matters.
Casino that accept SOL can have a ton of worthwhile qualities, but without plenty of variation, you’ll quickly leave.
Look for sites with enough games, markets, and other options to keep you entertained in the long run.
Additionally, take into account the general quality of the site.
Playing outdated games or using standard sports markets can get boring after a while, no matter the quantity.
Moreover, sites that offer progressive jackpots and long odds could help you get the most out of your SOL.
It is standard for casino companies to provide bonuses to ‘reward’ users.
The types of rewards on offer include, but aren’t limited to:
Bonuses for using Solana
No deposit bonuses
Please ensure you read the terms and conditions attached to each bonus.
While you might think they provide a reasonable benefit, you can expect the site to add restrictive terms.
A case in point is that you have to play through up to 60 times your first deposit to benefit from the bonus.
The best Solana Casinos are in our guide
Finding details about online SOL casinos is easy.
Unfortunately, you can’t trust a LOT of it!
One of the main reasons is that these sites don’t bother performing detailed analysis.
We like to do things right, which is why we thoroughly examine casinos.
It takes many hours of play to ensure we get enough information.
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 website reviews by our team, we’re only getting started!