Best Bitcoin Casino Canada Review 2021
January 2009 marked the month that the first-ever Bitcoin Block Zero was mined. It was also the month that the world saw a decentralized digital currency that allowed super-private and peer-to-peer transfers via blockchain technology to actualize.
Fast-forward to today, Bitcoin’s long arm has permeated our everyday lives, with some online casinos accepting it as a method to make deposits and withdraw winnings. If you’re looking for a casino that accepts bitcoin in Canada, you’ve come to the best place. Our team of experienced researchers and reviewers has curated an in-depth guide on how and where to begin your online Bitcoin gambling adventure.
What is Bitcoin Casino?
Unlike fiat currencies that are created by governments, Bitcoin is a decentralized digital currency that has no governing authority that oversees it, which allows you to make deposits or withdraw your winnings in a faster, safe, secure, and anonymous fashion. But that’s not the best part; unless you buy Bitcoin or receive them as a gift, the only other way to get it is through mining.
Basically, mining means solving complex mathematical problems using computers to generate a small piece of a Bitcoin. And given the complexity of these mathematical problems, Bitcoin miners can only mine a limited number of Bitcoin pieces. Along with that, all transactions are recorded publicly, plus the sheer amount of computing power needed to mine Bitcoin makes it almost impossible to manipulate and counterfeit.
The Legality of Online Bitcoin Gambling in Canada
Online Bitcoin casinos in Canada operate under a very interesting terrain. For starters, the Federal Government in Canada doesn’t license or regulate online casinos. In fact, there aren’t any laws that expressly allow or prohibit online gambling. As a result of this legal grey area, offshore casinos have flocked the Canadian market much to the appreciation of Canadian punters.
With that in mind, however, online gambling in Canada is regulated in the regional provinces. For online casinos to operate in these local jurisdictions, they need to be licensed accordingly. As of 2020, many provinces have laws governing online gambling, as well as websites through which Canucks can play slots, card games, or buy lotto tickets. Alberta, Quebec, and British Columbia slots and card games, with Maritime and Saskatchewan only permitting lottery games.
When it comes to Bitcoin most people treat it as a currency. For the Canadian Revenue Agency (CRA), however, things are a bit different as it is treated as a commodity for tax purposes. Depending on how you look at it, this is a blessing in disguise as it means that the government recognizes crypto, as opposed to banning it altogether. Still, categorizing Bitcoin as a commodity allows Canadians to buy and sell it without breaking any local laws. After all, there are countries where Bitcoin is outright illegal because governments consider it a threat to the official fiat currencies.
Bitcoin Casino Games
Just like the huge number of online casinos using Bitcoins, the number of titles you can try is equally huge. And they include;
Without a doubt, slots are the most common titles in online gaming. With Bitcoin casinos, Canucks can enjoy an almost endless list of slots onlineranging from classic slots, video slots, jackpot slots, and much more.
For card and table game enthusiasts, Bitcoin casinos also offer a huge variety of online roulette, poker, blackjack, and baccarat. Better yet, all these titles are vetted by third parties and run through an RNG to ensure fair play.
If you want to experience the authentic live casino experience, Bitcoin casinos also allow you to play against live dealers. The games are streamed from a live studio, and you can enjoy different baccarat, blackjack, and roulette variations.
Common BTC Casino Bonuses and Promotions
Online gambling is easily one of the most competitive industries. Casinos are constantly looking for creative ways to attract new customers, as well as retain the existing ones. In line with this, they are constantly extending generous bonuses and promotions.
Whether you’re a beginner or an experienced punter, here are some of the bonuses and promotions you’ll encounter in your Bitcoin gambling adventure. Here are some of them;
Bitcoin Casino Welcome Bonuses
This welcome bonus is offered by Bitcoin casinos to new players upon creating an account with them. It may come as a no-strings-attached bonus or in the form of credits upon making a predetermined deposit. Used wisely, welcome bonuses can help grow your bankroll, as well as test the gaming experience of a particular casino.
Free Bitcoin Casino No-Deposit Bonus
These types of bonuses are offered to players by simply signing up with a casino. The only difference between a welcome bonus and the no-deposit bonus is the fact that the latter doesn’t require you to make any deposit, although it is relatively smaller. As such, you get to play without investing or risking even a single dime.
Bitcoin Casino Free Spins
This particular bonus is popular among slot and roulette enthusiasts. Here, Bitcoin casinos offer new and loyal punters free spins, giving them extra gameplay with zero risks.
Bitcoin Casino Cashback
As the name suggests, cashback bonuses entail casinos reimbursing players a percentage of the money they have wagered and lost at a specified date or game.
Needless to say, no matter the casino you choose, it’s always important to read the terms and conditions connected to any bonus or promotion before opting in. Along with that, Bitcoin casinos come with wagering requirements, limitations, and validity periods, which are things you need to know before opting or claiming the offer.
Free Bitcoin Casino No Deposit Bonus
Bitcoin and online gambling are a match made in heaven. Along with offering an unparalleled level of anonymity, bitcoin gambling allows you to enjoy the convenience that comes with gambling from the comfort of your couch. But perhaps the reason why many players flock to the bitcoin gambling sites is the prospect of winning real money without taking any risk. Online casinos are constantly looking for creative ways to attract new customers, with the no deposit bonus being the most prominent one.
As the name suggests, the no deposit bonus allows you to enjoy the best online casino games real money, all without risking your bankroll. Depending on your casino of choice, the no deposit bonus is eligible for some or all the best online casino slots, with some casinos letting you enjoy all the games on their site.
Types of Bitcoin No Deposit Bonuses
The no deposit bonus can be classified into two primary categories: the no deposit cash and the no deposit free spins. Let’s briefly discuss them.
No deposit cash: Here, the casino awards new players with a free balance to play all or select slot games.
No deposit free spins: Free spins are exactly what they sound like - they allow you to play on select slot machines without risking your own bankroll. In other words, they're 100% free, although you need to meet some wagering requirements to cash out your winnings.
The number of free spins varies from one operator to the other, although they range from 20 to 200. Here at King Billy, we offer both free cash and free spin no deposit bonuses, letting you enjoy the best slots online.
Best Online Slots To Play Using No Deposit Bonus
With so many online games out there, it can take a while to figure out the best online casino games to win money. In this section, we are going to look at slot machines with the best chances of winning in an online casino setting. They include:
|Himalayas: Roof of the World||97.75|
|Pyramid Quest For Immortality||96.4|
Deposits and Withdrawals
Making deposits using Bitcoin into a crypto gaming account is a simple and straightforward process. Depending on the casino you choose, you can directly transfer bitcoin into your gambling accounts from the e-wallet, and the funds will reflect in seconds. But if the gambling site only accepts indirect bitcoin deposits, you can fund your gambling account using their bitcoin address, virtual keys, or a QR code. Better yet, most bitcoin casinos will remember your user’s wallet details after making the initial deposit, making deposits and withdrawals instantly.
And just like depositing, cashing out your winnings from a crypto casino is instant and hassle-free. But if your online casino doesn’t allow withdrawals via bitcoin, it should be able to offer you an equivalent amount in your local currency.
Converting your bitcoin into real money is also a piece of cake. You can sell it on one of the many cryptocurrency exchange sites, although you’ll need to provide verification documents or endure withdrawal limits when using some currencies. Another great option to convert your bitcoin is via the bitcoin ATMs, although the number of established ATMs worldwide is limited.
Pros and Cons of Bitcoin Gambling
Bitcoin gambling, just like any other form of gambling, has its merits and demerits. Let’s first take a look at the benefits.
- Bitcoin payments are super-fast and almost instantaneous.
- Many BTC online casinos offer generous bonuses and promotions, meaning you’ll receive many free goodies.
- Each bitcoin transaction comes with a unique code, keeping hackers and identity thieves at bay.
- Bitcoin transactions happen anonymously, meaning your personal details and financial information isn’t used.
- Canadian players don’t pay transaction fees when making Bitcoin deposits or withdrawals.
- Bitcoin deposits are uncapped and the withdrawal limits are high.
- The price of Bitcoin tends to fluctuate, meaning your money can lose value.
- Not all Canadian online casinos accept Bitcoin deposits and withdrawals.
- Some online casinos require players to reveal their identity, negating the element of anonymity.
Factors To Consider Before Playing in a BTC Video Casino
This article would be incomplete if we didn’t tell you the things you need to consider before registering at a bitcoin casino. So, let’s quickly take a look at some of them.
The volatility of bitcoin: As earlier indicated, bitcoin is a digital currency. And just like the fiat currencies, its price keeps on fluctuating depending on the market demand and supply. As such, you need to look for a good rate before making a huge bitcoin bankroll.
The finality of bitcoin transactions: As a player, it is also important to remember that all bitcoin transactions are final. This digital currency is pegged on blockchain technology, whereby all the executed transactions are stored in a public ledger. And since it’s impossible to alter or delete the blocks, the executed transactions are final and irreversible.
Security settings: Basically, bitcoin is decentralized and unregulated. As such, if your wallet was hacked or the money stolen, there isn’t a financial institution to help in recovering them. To avoid this, ensure that your bitcoin wallet is secured with two-factor authentication.
Wagering requirements and betting limits: Most BTC casinos have wagering requirements attached to their bonuses, as well as minimum betting limits to the wagers. As a player, it is important to check whether the wagering requirements are reasonable or whether the bets are affordable.
The house edge: Although the house edge inherently favors the casinos, some providers occasionally float casino games with zero house edge, rake, and betting margin. As a player, taking advantage of all these free perks can help you significantly help grow your bankroll.
Bitcoin casinos have earned a reputation within the realm of online gambling, thanks to their generous bonuses, faster payouts, anonymity, and improved security. And although many players find the concept of using cryptocurrency as a banking method confusing, the mainstreaming of bitcoin has made everything much easier.
It shouldn’t come as a surprise that online casinos are increasingly targeting cryptocurrency users, inundating them with countless bitcoin casino products. This compounded with the competitive nature of online gambling means Canadian players will always have something to enjoy. And with the expert guidance from our teams, you shouldn’t have a problem knowing how BTC casinos work before investing your time and money into it.
What is a Bitcoin casino?
A bitcoin casino is an online gambling platform that allows bitcoin deposits and well withdrawals. Thanks to the absolute control and anonymity that bitcoin casinos give players, bitcoin gambling is now considered the safest form for online gambling. King Billy is a hybrid casino, meaning we accept both crypto and fiat currency.
Is online Bitcoin casino legal in Canada?
Yes! Canadian players can play at offshore online casinos. With that said, however, online casinos looking to physically operate within Canada need to be licensed by authorities within the local provinces.
How to play bitcoin casino online
Playing at a bitcoin casino is pretty simple and straightforward. Simply look for your favorite casino, create a gambling account, fund your account via the bitcoin wallet, redeem your bonus, and start playing.
How to choose casino that accepts bitcoin?
There are multiple factors to consider when choosing an online bitcoin casino including;
Where can I play bitcoin video casino?
With the increasing popularity of Bitcoin and cryptocurrencies, more and more online casinos are now accepting Bitcoin transactions. A simple google search will reveal plenty of online bitcoin casinos to choose from.
What is the best bitcoin casino in Canada?
Although there are hundreds of bitcoin casinos in Canada, we recommend sticking with King Billy Casino Canada. We offer a healthy mix of online casino games, generous bonuses, and accept bitcoin and fiat currency transactions.