Bitcoin casinos are gambling platforms that offer Canadian players this type of innovative digital currency as a payment method. Below, we shall guide in this industry by providing important information about how to use this transaction option, its mobile availability and aspects you must take under advisement before starting your gaming session. Moreover, we’ve also prepared a list with the best Bitcoin casinos that have made a name in this world and offer a wide range of promotions for any gambler.
First of all, you should know that this is an innovative digital currency that you may use only online to pay for certain products and services. It uses a peer-to-peer type of technology in order to operate with no central authority or banks. All its transactions and the issuing of these coins are carried out collectively by the network.
What makes this transaction unique, it’s that there is a finite number of them at any time. This number will never exceed 21 million and it is estimated that this figure will be reached in 2140, when the last Bitcoin will be mined.
Nowadays, there are various Bitcoin casino Canada that have started to use this as a payment method. It has gained popularity among gamblers quickly due to the fact that it is easy to use and it also allows fast withdrawals.
Pros & Cons of using this payment method
Because we want to be your guide in the gambling world, we shall present you both the advantages and the disadvantages that come with using this type of banking option. As you shall see below, there are various reasons why you should start your gaming sessions at the top Bitcoin casinos. However, it is better to know all the tips before you start.
Secure online transfers: Because the transactions are encrypted and verified constantly in different points on the network, it guarantees the best security. Moreover, because it’s impossible to trace the transfers back to the source, it also improves privacy.
Lack of fees: You have the possibility to send and receive cash without any processing costs. This is something that makes this payment option stand out, as some of the other ones request high fees for any type of transaction.
Fast transactions: Another advantage of this option, it’s that the payments are instantaneous. For other methods, a withdrawal request might even take up to 7 banking days to be completed. As a gambler, it’s a plus that you can receive your winnings in a few minutes, rather than waiting around for several days.
It’s time-saving: With this method, it doesn’t matter where you are or where you want to make a transfer. It can either be international or to your neighbour. Either way, it will be made instantly.
It’s decentralized: Due to the sheer absence of a central regulating authority in the system, no one can take your digital coins from you. Only you can control your transactions.
It’s volatile: Because there is a limited amount of such coins, the price may bounce up and down every day. Thus, we advise you to not keep significant savings with it.
Limited access at online casinos: Even though it has been created back in 2009, it has recently gained popularity among Canadian players. Thus, there is not a wide range of Bitcoin casinos Canada. But, to make things easier for you, we’ve put together a list with new Bitcoin casinos that you’ll surely love.
How to get started?
If you’ve set your mind to begin your gameplay at some of the distinguished Bitcoin casinos Canada, you should first know what you need to do to get set up. Still, there is no need to worry as the entire process is quicker and has fewer steps than other e-wallets.
Follow the below steps and you shall be ready in no time:
Step 1: You must set up a Bitcoin wallet. To do this, you must go to Bitcoin.org and download the free client for storing your digital coins;
Step 2: Check out the list for Bitcoin casinos Canada below and pick the one that meets your preferences. You shall be redirected to that specific gambling platform login page where you have to open an account. Provide the necessary information and after you’ve confirmed them via Email or by SMS, you may access it.
Step 3: In the last step, you must fund your new account using this method. This process is similar to the ones of other online banking options. You must go to Cashier section and select this payment. Afterwards, a pop-up window will appear on the screen with a unique address for your account. Next, you must access the digital currency wallet, pick the tab for sending funds and enter the online casino address. Fill in the amount you want to deposit and confirm the transaction. The funds will be available in the casino balance in a few minutes.
Do Bitcoin casino bonus work on mobile, too?
These days, gamblers have a great advantage: they can gamble on the go. You couldn’t do this in the early days but thanks to evolution of technology, things have changed for the better. Claim lots of offers with mobile Bitcoin casinos directly on your smartphone or tablet! Make a deposit and receive plenty of money and extra spins. Use them to play your favourite games as soon as possible.
Are you on holiday and want to play online? Just pull out your device, connect to the Internet, and benefit from all sorts of promotions. You have various options to choose from Bitcoin casino slots to Bitcoin live casino. Pick the one that you fancy and start filling your pockets with cash!
Is it safe to use it?
Of course, it is! These come with extra layers of security thanks to the fact that all the payments that use cryptocurrency are encrypted multiple times. Besides this, customers remain anonymous, as there’s no need to provide personal details for depositing.
Plus, you may also generate a new wallet address from the account for free. This is a unique feature that allows you to remain anonymous for a longer time, without a worry.
Gaming websites strive to please all their guests. That’s why they offer this banking option which is suitable for every gambler. If you’re ready to sharpen your skills, these bonuses are exactly what you need. Benefit from extra money or additional spins and enjoy any games you want. Align the lucky symbols in slot machines or create a winning hand in card games. Scroll down and discover the promotion you like best. Claim it and start playing high-quality games!
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