How do Bitcoin casinos work in Canada?

On the global market, Bitcoins have taken hold along side traditional currencies. We are seeing more acceptance on various online retailers and even at some restaurants. A relatively new category where we’ve found Bitcoin flourishing is in the casino world where the cryptocurrency is gaining popularity. It makes sense as gamblers over the recent year+ since traditional in-person casinos have mostly been shuttered during the pandemic. Even as things begin to ease up not all of us are confident heading to Vegas anytime soon.

Photo by André François McKenzie on Unsplash

Bitcoin popularity in Canada is gaining speed. But what are Bitcoins? Think of it as digital currency in marketplace. While the value fluctuates like any other currency, it does not identify with any specific country like the US dollar in terms of paper or coins.

Bitcoin casinos use Blockchain technology that is a secured system that offers a virtually impossible way to track or hack. So, it’s a safe way to have a bit of fun in hopes of hitting the jackpot!

What are some of the advantages? 

-Players can remain anonymous.

-Minimum personal information required to play.

-Players can play from anywhere in the world at anytime.

-Ongoing laws with online gaming can easily be adapted by the host casinos in accordance to authorities.

-Because the bitcoin casinos are software generated there is no need for human interaction.

-Many Bitcoin casinos don’t take a transaction fee unlike other online gaming casinos that have set limits and transaction fees.

Players need to register for a wallet from the bitcoin casino in order to play. At the end of your gaming you winnings or unplayed Bitcoins will be transferred to the wallet. Players can opt to transfer the funds to their own private wallet.

What are some of the most popular bitcoin casino games? Online Slots, Roulette, Blackjack, and Baccarat are real draws. But you can also find Bitcoin casinos that offer sport-based betting as well. By the way, similar to traditional casinos, players are often rewarded with extras. You’ll also want to watch out for perks like bonuses and promotions like free spins and giveaways.

New to Bitcoin casinos? No worries, since the online world has no start or end time, there will always be customer support provided on the most reputable sites even for the newest players to scene. While the Bitcoin casino space is global and doesn’t adhere to one jurisdiction, the consensus amongst online gamblers is to comply with gaming laws within your own home country or province — that includes legal age to play.

Even though Bitcoins may feel like play money, just remember that it is a currency and just like real casinos it’s a form of entertainment where you can win but you can also lose.

 

 

About Sonya Davidson 866 Articles
Covering events, openings and all the deliciousness in Toronto. Staff reporter for the Toronto International Film Festival. Follow @theculturepearl on Instagram and Twitter. Reach her at sonya@torontoguardian.com