Bitcoin Casino – What Is It?
Bitcoin is a new kind of digital currency that has taken over the transactional network by storm. Its imprint has not excluded the gambling world either. As days go by, more and more online bitcoin gambling sites are emerging.
There is no central authority that manages bitcoin transactions. It is open-sourced and is transferred in the network through different users. Processing fees associated with bitcoin are low, and the transactions are instant and secure at the same time.
Many people may wonder whether bitcoin casinos are legal. Let us tell you the truth. It is not legal or prohibited, and there is nobody controlling it. However, this method of payment has become super popular in modern online casinos and bookmakers due to its flexible and versatile features.
Bitcoin betting sites can bypass the issues of long time intervals, banking fees, and other formalities that other online and offline payment methods have to endure. In fact, it can be said that bitcoin is the best payment method of our time, not just in the gambling industry but also everywhere else.
Best Bitcoin Casinos in Canada
Crypto casinos are spread all over the world, and it is hard to find a bunch of them in a place like Canada. However, online casinos and bookmakers have the flexibility to register with gambling authorities of other countries to bypass homeland restrictions.
For this reason, you may notice a list of amazing online bitcoin casinos that are offering incredible games and bonuses to fellow Canadian gamblers. Let’s have a look at them here!
Hell Spin Casino
The Hell Spin casino is an online bitcoin casino that offers incredible promotions and tournaments. It can be considered one of the best crypto casinos in Canada. Managed by the TechOptions Group V. B., the casino is licensed by the Curacao gaming authority.
You can win up to CAD $300 free chip and 100 free spins on your welcome bonus, and it gets better every time you log in. The second time around, when you wager with a game in the casino, you can win a 50% match bonus that sums up to a freaking CAD $900!
Kosmonaut is also a trusted bitcoin casino favoured by many Canadian gamblers. Once you become part of this casino, you get rewards every single day!
Available in 17 languages, Canadians of multiple ethnicities will find it easy to navigate the website. In addition, the promotions are purposefully made rewarding to attract more Canadians to participate in crypto gambling.
Casino Days is a popular top bitcoin casino that provides over 3000 games to its beloved players. Among those are live casino games, slots, jackpots, and table games.
Although the rewards are not as generous as Kosmonaut’s, they are still worth giving a shot! However, they promise a weekly cashback of 20% and an unforgettable personal treatment.
Yoju casino is also a bitcoin-friendly casino where you can play table games, live games, slots, and tournaments. Its welcome package promises new players cash worth CAD $3000 or 5 bitcoins, plus 100 mega free spins!
New Bitcoin Casinos
It is easier to play at online casinos with bitcoins than with other forms of currencies. With that being said, let’s demonstrate some new casinos where you can gamble with bitcoins!
Among all the bitcoin online casinos out there, Cosmic casino has made its mark with the unique range of games it has to offer. Not only are the best casino games of all time showcased on the site, but they also have a list of new and exciting games!
Its welcome bonus is as high as CAD $1500, and you also receive 200 free spins along with it! You can also win 50 free spins for a minimum deposit of CAD $40 on Wednesdays! What’s more, the weekend bonus includes 50 free spins and CAD $150!
Compared to other online bitcoin casinos in Canada, the BOHO casino offers the highest welcome bonus worth CAD $900 going head to head with the Hell Spin casino. On top of that, players have a chance to earn more on their 2nd deposit, 3rd deposit, and weekly deposits (on Mondays and Wednesdays)!
One of the most trusted casinos is Club Riches. Operated by Media 21 B.V. and licensed under the laws of Curacao, this bitcoin online casino has a lot to offer in terms of games and bonuses! Also, when it comes to several payment methods, this casino has better possibilities than other Canadian casinos.
Casino Bitcoin Bonuses
Here is a short summary of the type of bonuses you can win from casinos that accept bitcoins.
Bitcoin Casino No Deposit Bonus
The best bitcoin casino will offer its players no deposit bonuses. As the name suggests, there is no deposit required to enjoy the benefits of these bonuses. However, during withdrawals, you may have to make some deposits as stated by the casino.
Bitcoin Casinos Deposit Bonus
Casinos that accept bitcoin may also offer deposit bonuses to their players. These types of bonuses require the player to wager a certain amount against a game in order to claim the bonus. Some deposit bonuses are 100% match bonus, reload bonus, and weekly bonus.
Best Bitcoin Casinos With a Sign-Up Bonus
The sign-up or welcome bonus is supplied by most online crypto casinos in the market. To name a few, you can look at Cosmic casino, Casino Days, Kosmonaut casino, and Hell Spin casino. You just have to register with the casino to obtain this bonus.
Bitcoin Casino Free Spins
Free spins are provided with every bonus, whether that reloads, weekly, monthly, or welcome bonus. The best casinos may even entangle cash bonuses with free spins to entice gamblers.
Bitcoin Casino Deposit
Once you have found the right bitcoin casino, read through its terms and conditions regarding bonuses, wagering requirements, deposits, and withdrawals. Make sure you are over 18 years of age to open an account with the casino.
To make a bitcoin deposit in online casinos, players must meet the deposit required to play the game of their choice. The requirements are usually stated at the beginning of the game. In other cases, the game clearly displays the deposit requirements on the screen for a player to reach certain levels.
When you are ready to make a deposit, go to the casino cashier page, and select the deposit. Select bitcoin as your payment method, and enter the amount you want to deposit. You may be asked to fill out your credentials and follow a set of instructions on the screen.
Thereafter, you will be notified about your translation being processed. The fund will be received by the casino within a few minutes!
On the downside, finding popular bitcoin casino sites is not easy as you may assume. A lot of casinos are still not accepting this modern payment method. Also, any transactions made are irreversible.
Bitcoin Casino Withdrawal
Bitcoin casino withdrawals are the same as deposits. You should go through the terms and conditions of the casino beforehand so that you are aware of the system. Then, proceed to the casino cashier, login, select withdrawal, and choose bitcoin as your payment method.
Enter the amount you want to receive, and confirm the transaction. Within a few minutes or an hour, you will receive the fund.
Just remember that if you don’t meet the wagering requirements of the online casino, you won’t be able to withdraw anything. In a worst-case scenario, your account may even lose the money that you earned if you fail to fulfil the casino wagering requirements!
Along with that, it is important that you check with the casino about whether you can withdraw money through bitcoins. Some casinos may let you deposit via bitcoin but not let you withdraw!
Despite all the amazing benefits of using bitcoin to gamble online, certain risks exist. For example, you may lose your virtual wallet due to cyber attacks or economic crises. Additionally, you should only exchange funds with casinos that are licensed and legal for safety.
Advantages and Disadvantages
- More Convenient: Bitcoin has no borders. You can gamble with bitcoin from the comfort of your own home or even on the go.
- Much Cheaper: There are no transaction fees when you gamble with bitcoin, and there is no need to convert your currency into another currency.
- Much Faster: Bitcoin transactions are confirmed within minutes, and you can start gambling almost immediately.
- More Anonymous: When you gamble with bitcoin, your personal information is not shared with the casino or any other third party.
- More Secure: Bitcoin gaming websites use state-of-the-art security features to protect your data and your money.
- No Exchange Fees: No fees are charged for currency exchange, and gamblers really appreciate it.
- Still Not Widely Accepted: Bitcoins are still not widely accepted by online casinos and gambling sites. This means that players may have difficulty finding a site that allows them to gamble with bitcoin.
- Risks: Gambling with Bitcoin is still relatively new, and there is not a lot of regulatory oversight. This could change in the future, but it means that players may be at risk of being scammed or taken advantage of by unscrupulous operators.
- Higher Fees: The gambling sites offering the Bitcoin option typically have higher fees than traditional online casinos. This is because they need to cover the costs of processing bitcoin transactions.
Not Reliable Payment Method: Bitcoin is highly volatile, and its value can change within a day. Thus, your winnings can be lost forever due to corruption of the wallet file from a hard drive failure or virus attack.