Crypto Casino Sites in Canada
Are you looking for the best crypto gambling sites that accept players from Canada? Do you want to find the best free spins offers, deposit bonus promotions and no-deposit bonuses available at Bitcoin casinos? Then you’re in the right place!
On this page, we will be looking at the best crypto casinos that allow players from Canada to play. We’re also going to be looking at what cryptocurrencies are and how you can buy, sell, and gamble with them yourself.
First, let’s kick things off with a look at the best Bitcoin casinos:
See Related: Understanding Casino Banking
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What Is A Bitcoin Casino?
A Bitcoin casino (or a crypto gambling site) is an online casino that allows you to make deposits and withdrawals and play using various cryptocurrencies.
You’ll find yourself able to play a wide variety of casino table games, video slots, live dealer games and progressive jackpot games from leading software providers at any Bitcoin gambling site. Their popularity is on the rise as the growth of crypto continues.
The purpose of this post is to give you an in-depth look at what to expect when joining a Bitcoin gambling site. We’re also going to be showing you exactly how to get started with crypto gambling, even if you’ve never owned a Bitcoin before or don’t know what cryptocurrency is!
From Our Forum: Confused in Canada
Different Types of Cryptocurrencies
Today, there are hundreds of digital currencies that you can use to play at crypto gambling websites. All of these digital tokens have their own unique advantages and disadvantages.
Below, we’re going to be taking a look at some of the main cryptocurrencies you can use at leading crypto gambling sites, why each of these cryptocurrencies is popular, and what you can expect when using them for yourself.
Since its inception as a digital currency, Bitcoin has grown into one of the world’s most widely accepted payment methods. Unless you’ve been living in a cave for the past five years, you’ve almost certainly heard about it in the media.
People worldwide may now send money to one another without going to the bank or waiting long. Most transactions are completed in 15 minutes or less using Bitcoin today.
Let’s take a look at the basics of Bitcoin. In 2009, at the depths of the financial crisis, Bitcoin was initially invented. According to Bitcoin’s creator, it was designed as a method for “ordinary Joe” to regain control of their money after years of oppression at the hands of large banks.
Known as “centralized currencies,” fiat currencies include the British pound, the euro, and the US dollar. Although it’s classed as a cryptocurrency, Bitcoin is really a decentralized currency. While banks and financial institutions have power over the former, a worldwide network of users has control over the latter, and these users control and verify each transaction.
A bank or financial organization doesn’t have authority over your money, which is what makes Bitcoin so revolutionary. Also notable is that everything is entirely community-based, so any changes need to be approved by a majority of users, not just a small group of wealthy investors.
Bitcoin is available at every crypto gambling site on the planet, both for deposits and withdrawals and for use on casino table games. In fact, crypto gambling all started with Bitcoin, and it’s undoubtedly the most commonly-used crypto of them all.
Buying and selling Bitcoin is insanely easy. It’s available on every crypto exchange, and there are thousands of websites where you can purchase it using your debit and credit cards. We think it’s fair to say that beginning your world into the crypto gambling world has never been easier!
In today’s world, Ethereum is one of the most widely used cryptocurrencies, and like Bitcoin, it’s a blockchain-based, decentralized platform supported by millions of machines directly. These machines work together to create a blockchain of transactions that is encrypted, secure, and impenetrable.
A public log of all transactions has been created on Ethereum’s blockchain, much like Bitcoin’s. The cryptocurrency is named Ether, although most people just call it Ethereum.
When it launched in 2015, Ethereum made a big splash and quickly rose to prominence in the crypto community. It’s intended solely for use in online transactions and follows the peer-to-peer model common with most cryptocurrencies. While Bitcoin and Ethereum share many characteristics, there are significant distinctions as well. The most crucial of them is the speed at which transactions are processed.
Transactions now take up to 20-30 minutes to complete on the Bitcoin network, which is far slower than it used to be. This has led some to question the long-term viability of Bitcoin as a payment option. ETH transactions are generally processed in approximately 15 seconds, thanks to Ethereum’s mission to make this a reality.
It has also seen network congestion problems of its own, but Ethereum is still seen as a much faster, more secure, and less expensive alternative to Bitcoin. Ethereum’s market cap isn’t as large as Bitcoin’s. However, it’s still worth hundreds of billions of dollars and is pretty much the second most popular cryptocurrency today in the global market.
Fortunately, buying Ethereum is a piece of cake, as it’s available on all major exchanges. Almost all Bitcoin casinos accept it, and Ethereum-focused casinos are springing up all over the place, demonstrating the currency’s growing popularity!
Ethereum is becoming increasingly popular as more people move away from Bitcoin as a payment method. Visit any of the finest Bitcoin casino sites listed on this page. You will almost definitely be able to make deposits and withdrawals and play your favourite casino games with Ethereum.
When it comes to the major cryptocurrency players, Litecoin is one of the giants, and many experts consider Litecoin to be the biggest true competitor for Bitcoin. While they differ significantly in terms of market capitalization and coin value, Litecoin continues to impress both users and investors, and it’s actually preferable to Bitcoin in many ways.
Created back in 2011, Litecoin is a fork of the original Bitcoin client; it was developed by a Google employee named Charlie Lee. The open-source code was initially published on GitHub. Like Bitcoin, Litecoin processes transactions on a Blockchain network, but there are some pretty significant differences between the two cryptocurrencies.
Firstly, Litecoin transactions are much faster when compared to Bitcoin. A user sending a Litecoin transaction can typically expect the funds to ‘settle’ within just a few minutes; with Bitcoin these days, it can take up to an hour.
Another major difference between the two digital currencies is that Litecoin uses a proof-of-work algorithm built around a memory-hard function. This means that those who want to mine Litecoin have to spend more money on building their rigs — it’s also more time-consuming.
While this may sound like a negative, it’s helped Litecoin grow at an adaptable speed, unlike Bitcoin, which, for some time, collapsed under the insane growth it experienced.
Today, Litecoin is available to buy and sell at all major crypto exchange platforms.
Bitcoin Cash, as the name implies, is a cryptocurrency that’s very closely related to Bitcoin. That’s because Bitcoin Cash is actually a fork of Bitcoin. If you’re wondering what a fork is, that’s just what we’re going to explain.
A fork, in the realm of computer science, happens when developers use an existing piece of code and then start developing the existing code in a different direction to the one that it was originally intended to be used for. All of the code that exists before the fork is still valid (and in use), but any code built after the fork is unique to that coin only.
In July 2017, a large disagreement started in the Bitcoin community; transactions took far too long to complete, and transaction fees rose, so everyone was unhappy. With more transactions than ever — after all, Bitcoin had grown far beyond what anyone could reasonably have predicted — the blockchain was getting congested, and this never-ending series of ledgers was starting to seriously slow things down.
This wasn’t a problem in the early days of Bitcoin; there simply weren’t enough transactions to create any notable issues. However, once the transaction speeds started to see significant delays, members of the Bitcoin community started proposing the idea to increase fees even more to speed up transactions. Others, however, weren’t happy with this and wanted to keep the fees the same and made modifications to the Bitcoin protocol itself.
This disagreement led to those in favour of redeveloping the Bitcoin protocol to go and do what’s known as a hard fork; this meant that everyone who currently owned Bitcoin would also automatically hold the same amount of Bitcoin Cash.
While this caused a lot of concern in the early days, market volatility soon slowed, and today, Bitcoin Cash is a regular cryptocurrency like all others. It’s widely traded and is one of the most popular digital tokens available.
It’s also frequently offered at crypto gambling sites, both for deposits and withdrawals and for playing casino games. It’s very easy to buy and sell, too, making it ideal crypto for those who’re new to the world of crypto gambling.
Dash is a cryptocurrency that’s an altcoin; this means that it’s developed on the same technology as Bitcoin, and Dash is directly forked from the Bitcoin protocol. It’s an open-source cryptocurrency and a decentralized autonomous organization run by a subset of its users, known as master nodes.
Dash was originally created back in 2014 by a man called Evan Duffield. Back then, it was called Xcoin. In its early days, Dash gained quite a lot of negative publicity; for example, it was frequently used in pump and dump schemes, and this caused the creator to rebrand the coin and call it Darkcoin.
Unfortunately, that had an even more negative impact. Media organizations picked up on the name change and speculated that the coin was being used on dark net markets, where users were purchasing drugs and weapons.
After another rebrand into Dash, the coin managed to distance itself from its chequered past. Wikipedia notes that as of 2016, Dash is no longer affiliated with any notable darknet marketplaces.
The original motivation behind Dash was two-fold; the creator wanted users to benefit from faster transactions than Bitcoin could provide, and he also wanted a swift governance structure in place to overcome many of the issues Bitcoin was currently facing.
“What makes Dash different from Bitcoin is that it splits its rewards into three categories: 45% goes to miners, 45% goes to master nodes (these are computers that additional services in the network and have a significant investment in Dash tokens), and 10% goes towards its decentralized governance budget.”
This design is coupled with a proof-of-work algorithm that uses a hash function called X11. Dash isn’t the most popular cryptocurrency in the world — it’s currently ranked around 12th in popularity — but it still is one of the bigger names in the crypto gambling niche, and you’ll find it offered at many of the casinos we’ve listed here on this page.
Thankfully, Dash is also pretty easy to buy and sell these days, with many of the world’s major crypto exchanges offering buy and sell options for Dash. It can also be traded widely at P2P exchanges so that you won’t have any problems getting hold of the coin yourself.
If we were having a conversation ten years ago, it would be almost unfathomable to explain to any sane person what Dogecoin is or how it would end up becoming one of the world’s leading cryptocurrencies! But here we are, and it is, today, just that. Take a look at what Wikipedia has to say about this unique digital token:
“Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. Despite its satirical nature, some consider it a legitimate investment prospect.
Dogecoin features the face of the Shiba Inu dog from the “Doge” meme as its logo and namesake. It was introduced on December 6, 2013, and quickly developed its own online community, reaching a market capitalization of over $85 billion on May 5, 2021.
Dogecoin.com promotes the currency as the “fun and friendly internet currency,” referencing its origins as a joke.
Elon Musk frequently mentions or talks about Dogecoin on his Twitter account, boosting its popularity a significant amount in recent years.”
With the success that Dogecoin saw at the beginning of 2021 and the influx of people that started to trade Dogecoin for themselves, it was only a matter of time before the crypto gambling industry took notice. Just a couple of months after, many of the world’s leading Bitcoin gambling site platforms started allowing Dogecoin to be used for deposits and withdrawals at their site.
While it’s not as accessible as Bitcoin or Ethereum, Dogecoin is available at many leading sites today. While it doesn’t possess any real value — other than being, essentially, a meme coin — it’s holding its value reasonably steadily, with quick transactions, so it’s actually quite well-suited for many gamblers.
Ripple isn’t actually the name of a cryptocurrency, although it’s often used as slang for the actual coin called XRP. Instead, Ripple is an entire cryptocurrency exchange and remittance network, and it allows users to send funds and receive them in real-time. It also allows businesses to accept payments through the blockchain — an industry first.
Ripple was first developed back in 2012, so it’s been around for almost a decade. It was developed by a company called Ripple Labs Inc, and the entire platform is built around an open-source format. In addition to cryptocurrency, it’s also capable of supporting numerous fiat currencies, commodities and digital tokens – and users can even trade things like mobile phone minutes and frequent flyer miles.
While the Ripple platform itself is pretty complex, we’re just going to focus on their crypto token (XRP), which you’ll be using to play with at crypto casino sites, should you wish to.
XRP works in a pretty similar way to most other cryptocurrencies, although rather than using a conventional blockchain, it instead relies on what’s known as a common shared ledger. This is basically a massive database that stores information across all of the Ripple accounts. It uses real-time analysis to compare account balances to detect whenever a transaction is made.
Using this instant-validating technique, Ripple is able to offer instant payments and transactions are completed within a few seconds; this makes XRP quicker than virtually all other cryptocurrencies available on the market today.
While not all crypto casino sites offer XRP as a payment method yet, it’s growing in popularity as the crypto world continues to gain traction, and we’re expecting to see more online gambling sites beginning to accept the cryptocurrency in the coming years.
Monero, the last cryptocurrency we’re talking about today, is one of the newer coins and is still relatively small in the crypto world. It was first developed back in 2014, and it was designed to be an open-source cryptocurrency platform with a strong emphasis on decentralization, privacy, and ease of use. High levels of security went hand in hand and this, unfortunately, led Monero to be used by some criminals on the dark web, giving it somewhat of a bad name.
How Monero is designed is actually quite fascinating. It’s built around a proof of work mechanism, and the way this has been designed essentially means that each time a new transaction is broadcast on the network, the more secure the entire system becomes. This unique process incentivizes the miners to validate transactions quickly, and every time a new coin is mined and released, the network’s security increases even further.
One of the reasons why Monero is popular is because all payments and transactions made on it — including the wallet addresses of both sender and receiver — are hidden from the blockchain, as is the transaction amount.
This isn’t the case with most cryptocurrencies, and it allows Monero users to be a lot more anonymous when it comes to making payments online. While some would construe this as being simply a tool for criminals to hide behind, everyone has the right to privacy — and Monero allows users to enjoy that privacy.
Are Crypto Casinos Legal in Canada?
Although Bitcoin’s popularity stems primarily from its potential to rapidly appreciate (or decrease) value, the digital currency has practical uses.
You may use it for various things, including online shopping, paying college tuition, and making a deposit at an online casino. All of this is legal in Canada, even though the country’s rules on Bitcoin and iGaming remain hazy.
The federal government does not regulate online casinos in Canada. Online gambling is completely legal in the country. Offshore casinos grew as a result of the legal ambiguity created by this situation. Many attorneys believe that Canadians are not breaking any laws when they gamble in overseas casinos.
As a result, individuals are free to play at any international casino of their choosing and spend their winnings as they see appropriate. Because of this, Canadians are exempt from paying taxes on their online casino winnings. They keep all of their winnings, regardless of how small or large they are.
As a result, Canadian provinces are free to set their own gaming regulations. The rules governing internet gambling and websites where you can buy lottery tickets or play slots and card games vary greatly from one province to another: Quebec, Alberta, and BC all permit slot machines and poker. However, only lottery games are allowed in Saskatchewan and the Maritime Provinces.
What to Look for When Choosing a Crypto Casino
It can be tempting to rush into choosing the first crypto casino that you like the look of when you have that itch to gamble. However, as you’ll see below, it’s well worth a little extra time to thoroughly investigate the site you’re thinking of joining, making sure it offers what you actually want.
Below, we’re going to walk you through some of the key considerations to take into account when choosing whether join a crypto casino or not.
Bonuses and Promotions
Almost all online casinos provide new players with a welcome bonus. This is the primary consideration for many players when looking for a new online casino.
While evaluating whether or not to include a casino in our list of the best-rated, we start with this criteria. So, what exactly is a sign-up bonus?
For the most part, it’s a technique to get new customers to try out a casino. Welcome bonuses come in various shapes and sizes, but many online casinos will give new customers what’s known as a matching deposit bonus.
Online casinos may provide deposit bonuses that match 100 per cent of the money you put into your account on your initial deposit up to a maximum of 500 dollars.
With Bitcoin casinos, we look at how generous they are, and what casino games they allow you to use the cash on and how much wagering is required.
In addition to the 35X wagering requirement, which is common in the industry, certain bonuses demand a minimum deposit of $20. In addition, there may be maximum deposit regulations that apply, and we take a look at all of these things.
Today, there are more game developers (the people who build and develop the games you play at Bitcoin casinos) than ever before. Just a few of these include the likes of 1×2 Gaming, Amatic, Belatra Games, Betsoft, BGAMING, Booming Games, EGT, Elk Studios, Endorphina, Evolution Gaming, Ezugi, GameART, Habanero, iSoftbet, MrSlotty, NetEnt, Nolimit City, Platipus, Pragmatic Play, Quickfire, Quickspin, Spinomenal, TrueLab Games, Wazdan, and many more.
It’s important to make sure that the crypto casino you’re looking to join offers the kinds of games you’re looking to play. After all, there’s no point joining one of the best Bitcoin casino sites only to find that your favourite casino games aren’t available!
Generally speaking, the more casino games online casinos offer, the better. One of the major advantages of crypto casino sites is that they tend to partner up with a lot of different game developers.
Whether you’re looking to enjoy video slots, live dealer games or casino table games, you shouldn’t have any issues finding the titles you’re looking for. You’ll notice that all of the casinos on this page offer a vast array of casino games for you to choose from.
One of the greatest benefits of playing at Bitcoin casinos is that deposits and withdrawals are, very often, instant. Some Bitcoin casinos have gone as far as to automate their withdrawal process entirely; provided your withdrawal is under a certain threshold, it’ll be processed automatically!
This allows you to see the funds back in your wallet within just a couple of minutes — that’s something you wouldn’t find at older online casinos.
However, not all crypto casino sites are created equal, and it’s always important to have an idea about how fast (or slow) their withdrawal time-frames are if they’re not instant.
All of the best Bitcoin casino sites offer instant cashouts, including many of the Bitcoin casinos you’ll see listed here on this page.
Today, all of the finest casino sites include cutting-edge customer service, guaranteeing that gamers can contact someone should they have any issues while playing.
We take customer service very seriously, and we believe it is critical in today’s online gaming market. Thankfully, most of the finest online casino site platforms now provide customer service 24 hours a day, seven days a week, so that you may contact a member of the team at any time of day or night.
So, why do we place such a high value on customer support services? You’d be amazed how many gamers join one of the many Bitcoin online casinos available, make a deposit, and start playing, only to run into issues.
Then, when it comes to calling the casino, they hit a brick wall, discovering that reaching the customer service personnel is rather difficult.
As a general rule, we expect the top casino sites to have various ways to contact their support staff. Most sites, for example, provide live chat help (which is virtually universal), while others additionally offer phone assistance.
Customer service is available through email at all Bitcoin casinos we’ve come across. However, response times are generally significantly longer.
If you need to contact a Bitcoin casino’s customer support team, we highly advise you to use the live chat feature to ensure seamless, quick, and efficient service.
Reputation and History
While many Bitcoin casino sites are relatively new in the grand scheme of things, that doesn’t mean that you should ignore their background and history. Looking at the site’s reputation, including details of who the owners are, is a critically important factor to take into account, especially if you’re planning on playing with large sums of money.
When we write our Bitcoin casino reviews here at Casinomeister, we always look at several factors. For example, we look at the company behind the Bitcoin casino. Do they have a good track record here in the forums? What are other players saying about them? Have they been fined or sanctioned in the past?
It’s essential to understand the people behind a Bitcoin casino as it’s one of the first ways you’ll be able to tell whether or not a site is legit. For example, some shady casino owners get their sites shut down only to reemerge a few years later under the guise of a brand new brand.
We use our extensive contacts in the online gambling industry to make sure we know who owns a casino and who’s behind it — if a site has a poor track record, a fancy, modern-looking relaunch isn’t going to change our opinion.
Licensing and Security
Every Bitcoin casino (with a few rare exceptions of complete scam artists) will hold some form of an online gambling license. This online gambling license allows them to offer casino games to players from around the world. A government-appointed body usually issues an online gambling license, and it’s a way to ensure that Bitcoin casinos are treating players fairly and operating within the realms of the law.
In most jurisdictions, an online casino must hold a valid online gambling license to operate. In the UK, for example, all online casinos that want to accept UK-based players must hold a valid online gambling license from the UK’s Gambling Commission. Other notable online gambling regulators include the Malta Gaming Authority, Curacao, and the Alderney Gambling Control Commission.
Online gambling regulators are there when things go wrong. For example, if you don’t get paid your winnings or have a complaint that the online casino isn’t resolving, you can then take your issue to the regulator, and they can then make a binding decision that the casino must follow.
However, when it comes to Bitcoin casino sites, there’s a little bit of ambiguity surrounding licensing. That’s because many Bitcoin casino sites are licensed in Curacao, a notoriously weak regulator who often fails to take action when their licensees are clearly in breach of their license terms.
This is why it’s so important to only play at a Bitcoin casino you trust. With many Curacao-licensed clip-shot joints accepting players today, you could easily find yourself playing at a poorly-ran online casino that will refuse to pay your winnings. If this happens at a Curacao-licensed casino, you have little chance of ever seeing your cash.
Thankfully, here at Casinomeister, all of the best Bitcoin casinos you’ll see listed on our website have proven themselves to operate fairly. Our team of online gambling experts have meticulously tested their site out, and, in many cases, we’re even in regular touch with the operators of the online casino. Some of the best Bitcoin casinos around even have active reps here in the forum!
VIP programs are a major benefit of any Bitcoin casino. Some players will join the best Bitcoin gambling sites based almost entirely on the VIP/Loyalty program offered to players.
As the name suggests, a VIP program is a service designed to reward regular, loyal players. The rewards can be surprisingly impressive, with special deposit bonus offers, free spins and cash prizes given away to players.
While each Bitcoin casino operates a slightly different VIP program, there are, generally, three different types of programs:
- Invitation: invitation-only VIP programmes are the most common types of entry into a VIP scheme. This format means that you’ll only be eligible to join the VIP scheme once a member from the VIP team or casino management team invites you to join.
- Merit of play: this format is slightly more challenging to reach in many cases, and it requires you to be a very loyal player at an online casino. To access a VIP programme in this way, you’ll need to frequently make deposits, play at high levels, and be considered one of the site’s top-staking players.
- Tier-based programs: the final way you’ll see used at certain online casinos is the tiered-based system. These are probably the second most common type of VIP entry system, and a casino will have several tiers in place; the more you play, the more points you earn, and you gradually work your way through these tiers.
All of the best Bitcoin casino sites will enroll you into one of their loyalty programs right away, and this means that you’ll be able to begin earning comp points from the moment you start playing your favourite casino games!
If you have questions about the VIP program offered at an online casino you’re thinking of joining, reach out to the customer support team, and they’ll be happy to help you out.
All of the top Bitcoin casino sites will have a mobile-optimized version of their website, and it’s something that, in our opinion, truly distinguishes the good from the bad.
But what constitutes a decent mobile Bitcoin casino, and how do we assess them before deciding whether or not to suggest them on our site? First and foremost, we check to see if the site has a specific mobile-optimized version or if it’s just mobile-friendly in general.
If a casino doesn’t have a separate mobile-optimized version of their website, it’s almost usually a sign that it’ll be a bad place to play. It’s so easy to create a mobile-friendly online casino site in today’s world — neglecting to do so, in our opinion, just looks lazy.
If we come across an online casino site that offers a mobile-optimized version of its platform, one of the first things we’ll do is evaluate the speed and performance.
We’ll see how simple it is to register, how fast the games load, if depositing and withdrawing money is simple or not, how the customer service staff can get in touch with mobile devices, and a lot more.
A specialized mobile app is available at several Bitcoin casinos in Canada. This feature is often available to iOS and Android users and provides for significantly quicker loading times.
Bitcoin (And Other Crypto) Wallets Explained
If you plan on buying, sending, or receiving Bitcoin, you need a wallet. It’s the only way you’ll be able to use Bitcoin!
The best way to think of a Bitcoin wallet is to look at it as a bank account. Sure, you can have money without a bank account, but you’ll find it a lot harder to make a payment or receive money and pretty much the only way to do things is using cash.
Now, Bitcoin wallets are made from private keys — secure cryptographic codes that allow you to spend your Bitcoin securely. It’s this code that allows you to spend Bitcoin.
A Bitcoin wallet is more the graphical user interface; the codes are what allow you to spend money.
In this comprehensive section of our guide, we’re going to look at what Bitcoin wallets are, which are the best, and how you can begin using them.
Types of Bitcoin Wallet
There’s a few different types of Bitcoin wallet. We’ll look at them and their benefits and disadvantages below. We’ll also show you which wallets are recommended for each of the wallet types.
Cold Wallets (Hardware Wallets)
A hardware wallet is a physical, electronic device manufactured for the sole aim of actually storing bitcoins.
The reason why hardware wallets are so popular is that they must be connected to your computer, phone, or tablet before you’re able to spend the bitcoins held on it — this means there’s no risk of being hacked.
What’s better, the keys to the bitcoins stored on the device are stored separately in a non-digital document. This means that even if you were to plug the device into a computer infected with malware and viruses, your bitcoins would still be safe.
Best Hardware Wallets
- Ledger Nano S – One of the leading hardware wallets, the Nano S comes complete with a screen, giving you total control over your bitcoins. It’s backed by Ledger – one of the biggest and most well-trusted Bitcoin-tech companies on the planet.
- Trezor – Perhaps the most well-known wallet, Trezor was first launched in 2014, and it’s become known as the “industry standard” for affordable, secure storage of bitcoins.
- KeepKey – One of the more modern hardware wallets, KeepKey grew to fame as they were only the second company to produce a hardware wallet with a built-in LCD screen; this is combined alongside other security measures to keep your coins as safe as possible.
Hot Wallets (Online Wallets)
Hot wallets are the most popular type of Bitcoin wallet, and these run on internet-connected devices like computers, laptops, or mobile devices.
In the same way that a hardware wallet does, hot wallets also generate a secure key. However, it’s worth noting that it’s not actually considered a secure key, as it’s generated online, so you never know who has access.
Hot wallets are cryptocurrency wallets that operate on internet connections and may be used on devices like desktop computers and laptops, as well as smartphones and tablets.
As a result, these wallets are significantly more vulnerable to assaults and hacks, as the private keys (essentially the encryption technology that secures your money) are also stored online.
That means that if a hacker gained access to the exchange where your wallet was housed, they could potentially steal your money.
However, if you choose a trustworthy firm, you shouldn’t have to worry about anything; their security is genuinely cutting-edge.
Furthermore, hot wallets are far handier than cold wallets. They enable you to swiftly and conveniently access your money and conduct transactions. You simply log in, and you can buy, sell or trade your crypto immediately.
If you’re only looking for the top Bitcoin casino, don’t intend on keeping your tokens for long, and only want to use them to bet online, you don’t need to worry very much about having cold wallets.
However, if you’re already experienced with cryptocurrency and would like to start investing (and developing a portfolio), it’s worth looking into cold wallet solutions. They’re a lot safer than so-called hot wallets.
Below, we’re going to show you how to actually begin buying cryptocurrency.
How to Buy Cryptocurrency
There are many different ways to purchase cryptocurrency to use at the Bitcoin casino you’d like to join. Below, we’re going to look at the different methods available.
An exchange platform is the easiest and most “automatic” way of converting your cash into crypto.
They buy your Bitcoin for you, acting as an intermediary for the renowned decentralized commodity. We suggest using a company like Binance since it is one of the most reputable and well-established platforms.
If you want, you may also choose from various providers, including major global ones like Coinbase and Kraken.
Registering for a Binance account is simple, but there are a few hurdles to go through.
Depending upon which jurisdiction you’re in, you’ll be required to obey various “know your customer” policies, which involve providing the company with certain ID documents. It might take a couple of days for your documents to be checked and verified.
Once your account is set up, connect your checking account so that you may receive cash out as quickly as possible once you’ve completed your sale. You can also link your debit and credit cards if you’d like to purchase using your card.
Once you have an account, it’s a case of purchasing your crypto, and the funds will then be held in your online wallet, just as we saw a moment ago. Generally, exchanges like Binance and Coinbase are the best options, especially if you’re new to Bitcoin gambling sites.
They’re easy-to-use, easy-to-navigate and user-friendly, and the process of sending funds from your exchange wallet to the crypto casino you want to play at is hassle-free and straightforward.
Whenever you make a payment in life, you (usually) have a choice of how you pay. However, in the crypto world, this choice is often taken away from you. All too often, you’re required to use bank transfer or debit and credit cards to purchase your cryptocurrency.
Most exchanges like Coinbase and Kraken allow users to use just a few payment methods to purchase their crypto. That’s one of the reasons why many turn to peer-to-peer platforms to purchase their crypto instead.
Leading P2P sites like Localbitcoins, LocalCrypto and LocalCoinSwap allow you to use hundreds of payment options. Plus, as there’s an escrow system in place, you’re able to benefit from the additional flexibility without having to sacrifice security or safety.
When you use a P2P platform, you’re essentially buying coins off an individual trader. You’ll see hundreds of listings showing the payment method you can use and the price of the coin, and you connect with the seller. They may ask you to upload a few identity documents, and once the trade has started, the crypto is placed into escrow. You then make the payment, and once it’s been received, the seller releases it — simple.
While P2P platforms aren’t quite as straightforward as the bigger, more reputable exchanges, they do allow you to get slightly better prices, and for those with more experience, they’re generally preferred.
Some of the bigger Bitcoin casino sites now allow you to purchase cryptocurrency directly through the casino platform. While this technology isn’t available at all Bitcoin gambling sites, it is getting more common, and with good reason.
One such service is called MoonPay. You simply choose how much of a particular crypto you want to deposit at a Bitcoin casino, enter your email and address, and verify your phone number, and the software’s state-of-the-art verification software automatically verifies you. So there are no waiting times at all!
Naturally, this middleman does charge a small fee for the service. Still, it means you don’t have to worry about using exchanges or P2P platforms, and your deposit will be available in the crypto casino almost immediately!
We’re seeing all of the best Bitcoin gambling sites implementing technology like MoonPay’s, and it’s making it much easier for players like you to purchase crypto when playing at a crypto online casino.
It is also possible to acquire Bitcoin and other cryptocurrencies in person. However, this carries considerable risk, particularly if you don’t know the person you’re buying from and want to purchase large amounts of coins.
It works like this: you locate someone online (maybe on Facebook, Gumtree, or Craigslist) and then meet them in person. You pass them the cash, and they immediately deposit the money in your wallet.
For a variety of reasons, this isn’t a recommended technique. It’s not only risky, but it’s also far more difficult to discover someone selling coins in person. This service is usually only available in larger cities.
Furthermore, with crypto exchanges more widely available than ever before, there’s no actual need to buy cryptocurrencies in person; it’s an extra bother that, to be honest, isn’t necessary.
How to Sell Cryptocurrency
If you’re looking to play at a Bitcoin casino, you need to know how to buy Bitcoin and other cryptos. However, unless you plan on ‘holding’ your coins until the day you die, you also need to know how to sell them. Like purchasing, there are many different ways you can sell your cryptocurrency. We’re going to give you a step-by-step walkthrough below.
Step 1: Open an Exchange Account (If You Haven’t Already)
If, for some reason, you don’t already have an exchange account, go and sign-up to one; again, we recommend using one of the market leaders like Coinbase, Binance, Kraken or Bitstamp.
Step 2: Send Your Crypto to Your Exchange Wallet
Once you’re ready to send your coins from the Bitcoin casino to the exchange, simply head to your exchange wallet, carefully copy the wallet address you’re given and then head back to the crypto casino.
You’ll then want to go to the cashier and make a withdrawal. Select the cryptocurrency you’d like to withdraw in, input the amount and paste the wallet address you got from the exchange.
Once the Bitcoin casino has processed your withdrawal, the funds will appear in your exchange wallet within around 10-15 minutes.
Step 3: Sell Your Coins
Once the coins have reached your exchange wallet (and the transaction has been confirmed a certain number of times), you’ll then be able to place what’s known as a sell order. Thankfully, the latest versions of the industry-leading platforms like Binance and Coinbase make this incredibly easy. You simply need to hit the ‘sell’ button, choose the cryptocurrency you have, and choose the currency you’d like to sell it for.
In just a couple of seconds, the sale will be complete, and you’ll then be left with fiat funds in your account. You can then withdraw this to your bank account or purchase another cryptocurrency.
Please note that there might be a short delay between making the sale and receiving the fiat funds in your account in certain situations. That is due to what is known as holding periods. However, they don’t usually take long.
Alternative Methods to Sell Your Crypto
Direct transactions (also known as peer-to-peer trades) are an option if you’d like to be more proactive and involved in the actual selling process.
You’ll need to sign up, which may include verifying your identity in certain circumstances. Therefore, like any selling option, we suggest having your account set up way ahead of when you intend to sell. However, after you’ve set everything up, you’ll be able to sell your cryptocurrencies in a far more straightforward method.
When you sell your crypto through a peer-to-peer marketplace, the transaction occurs directly between the seller and the buyer. You create an order to sell for a specific price, and the site notifies you when someone expresses interest in purchasing at that price.
The sale may then be completed. All sides agree on the conditions. The seller gets money from the buyer and then distributes the crypto to the purchaser.
Each trading platform allows you to manage payment in a somewhat different manner. Some sites require you to do everything online, meaning you’ll have to sell your coins for a bank transfer payment that’s processed through the P2P exchange.
However, other companies, like LocalBitcoin and Paxful, provide a wide range of choices, including Moneygram, gift vouchers, and PayPal — you can even meet people in person to sell for cash.
However, we’d generally recommend against selling in person. It can be risky (especially as money is concerned), and as you don’t know who you’re meeting, we’d suggest sticking to keeping everything online where possible.
How to Buy and Sell Crypto
Purchasing cryptocurrency may seem like a daunting task at first, but it becomes much easier when you know how to do it and where to get it. That’s why we’ve decided to include a mini-guide on this page showing you exactly how to buy, sell and trade crypto — and where to do it.
Step One: Choose a Bitcoin Exchange
The first step in your journey to owning cryptocurrency is to find a reputable exchange. An exchange will allow you to buy, sell, trade and hold Bitcoin and various other cryptocurrencies. Generally speaking, you should try to choose an exchange that will enable you to withdraw your crypto to your own personal wallet; if the site doesn’t offer this feature, you won’t be able to spend any crypto to the casino.
This is also relevant in cases where you want to store your cryptocurrency away from an exchange; in your own downloadable wallet, for example. Today, there are more cryptocurrency exchanges than ever before. However, the process of purchasing them isn’t quite as easy as it used to be a few years ago, especially if you want to use debit and credit cards or PayPal.
Some exchanges do allow you to buy and sell Bitcoin while remaining anonymous, but, especially if you’re in the UK, you’re likely going to need to complete a KYC check to verify your identity. If you do find a decentralized exchange that allows you to trade anonymously, be careful, as there’s usually no middle man; you’ll be dealing straight with the seller.
While there are many exchanges operating today, a few stand out more than the rest. For example, Coinbase, Localbitcoins, Kraken, Binance and Gemini are generally regarded as market leaders — they’re all financially regulated too, which means your funds enjoy a certain level of protection.
Except for Localbitcoins, all of these exchanges allow you to purchase cryptocurrency using debit and credit cards, so it can often take just a couple of minutes (after completing the KYC check) before you can begin buying.
Step 2: Create Your Exchange Account
Once you’ve settled on an exchange (and we strongly recommend choosing one of the sites we mentioned above), it’s time to create an account. Usually, you’ll need to enter some personal information, connect your phone number, email address, and enter your date of birth and address.
While not mandatory at all exchanges, many will require you to set up two-factor authentication, which is a way to ensure that your funds are safe should anyone steal your password. You essentially need to manually confirm each time you want to withdraw coins from your wallet via text message or app.
Step 3: Connect a Payment Option + Submit KYC Documents
In most cases, you’re going to be required to upload proof of your identity when joining a reputable exchange. This means that you’ll need to upload a few personal documents when opening your account. Depending on which exchange you join, this can include a driver’s license, passport, and, in some cases, proof of where your funds are coming from.
It may seem like a lengthy and personal process, but, as financial institutions, these exchanges are subject to the same laws as any other financial company. It’s pretty similar to opening a bank account; you need to prove your name and address.
Once the exchange has verified your identity (this can take anywhere from a few minutes to a few days), you’ll then be able to add your preferred payment method. At the vast majority of exchanges, you’ll be able to connect your bank account directly to the exchange. That means that you can make deposits and withdrawals using faster payments, so it’s all pretty much instant.
You can also use debit and credit cards to purchase Bitcoin and cryptocurrency. If you choose to do so, you’ll typically need to undergo additional verification checks. What’s more, the fees for buying crypto using your card can add up pretty quickly; exchanges charge a premium for transactions made using debit and credit cards for several reasons.
One thing you should be aware of is that some banks will block payments to some of the major exchanges, particularly when you’re making payments using debit and credit cards. This is because banks aren’t particularly fond of crypto and view it as a high-risk environment, which is something to be aware of.
Step 4: Purchase Your Crypto
Once your account is up and running and you’ve selected which payment method you’d like to use, it’s time to place your order! If you want to buy your coins using bank transfer, you first need to deposit funds to your account in GBP; once done, you simply purchase your crypto using the GBP funds within your exchange account.
If you want to purchase your crypto using debit and credit cards, then you’ll simply need to make an order and select debit and credit cards when checking out; you may then need to undergo additional verification.
Once your purchase is complete, you’ll immediately find your Bitcoin or other cryptocurrencies available in your exchange wallet. You are then free to either hold, sell, trade, or withdraw these coins.
Step 5: Deposit to the Casino
Making a deposit using crypto from your wallet is relatively straightforward, and all you need to do is head to the Bitcoin casino you’re a member of, navigate your way to the cashier and copy the wallet address down.
Once you’ve done this (be sure to check it a few times to make sure you haven’t missed any numbers or characters), simply head back to your exchange wallet, open it up and click ‘send.’ You will then need to enter your Bitcoin casino wallet address, choose the amount of money you want to send, and confirm the transaction.
As soon as you’ve done this, the exchange will broadcast your transaction onto the Blockchain network. From there, it can take anywhere from a few minutes to an hour or so for the funds to appear in your online casino account.
That’s pretty much all there is to it. Of course, Bitcoin exchanges aren’t the only way of getting Bitcoin. We’ll be looking at a couple of other methods below. First, however, we will expand slightly on the topic of a Bitcoin wallet and look at the two main types of wallets available.
The Best Games to Play at Crypto Casinos
Head to any Bitcoin casino, and you’ll find yourself faced with hundreds of games. Below, we’re going to talk about some of the best casino games to play when you join new Bitcoin casino sites!
Video slots are, by far, the most common game played at both Bitcoin casinos and regulated online gambling websites, and these hugely popular casino games attract hundreds of thousands of players every day.
Today, there are more video slots than ever before — some sites have counted well over 10,000 — and thanks to the fact that Bitcoin casinos tend to have reasonably low overheads, they’re generally able to partner up with a large number of game developers.
This means you’ll often find a whopping selection of video slots to enjoy at the best Bitcoin gambling sites. While the volatility of video slots can be pretty high, they’re an excellent option for those wanting to stake low while still being in with the chance of winning big!
Live Casino Games
Live dealer games have become increasingly popular over the last five years, and almost all casinos now offer live dealer games in one form or another.
Thanks to advances in technology, live dealer games are now more widespread than ever before. In this section of our Bitcoin casino guide, we’re going to look at what live casino games are, why they’re so popular, and some of the different types of games.
In a live casino game, a human dealer runs the actual game from something which is known as a casino gaming table. The dealer and the game are transmitted to the player’s device through a live streaming video link, and players can play from the comfort of their home or wherever else they are in the world.
Depending on the type of game, players can make betting decisions from their device, and most live dealer games also allow communication between players and dealers, either through text chat, voice chat, or both.
Once a player places their bets, the game begins, and the game’s outcome (i.e. what number the Roulette wheel lands on) is translated into data that a complex piece of software can then read. This is called an OCR (optical character recognition), which means the game’s result is automatically displayed on the player’s screen.
For the most part, Live dealer games run in the same way that virtual casino games do. The main difference is that players can see the game playing out with their own eyes, which helps to add to the gambling experience while also allowing the player to know that it’s operating fairly.
One of the big advantages of playing live dealer games at Bitcoin casinos is that you’ll typically find more software providers being offered. For example, along with Evolution Gaming and NetEnt, you may find other names like Ezugi, Playtech and more.
Provably Fair Games
Provably fair games, often known as provably fair casino games, are specialized casino games created specifically for Bitcoin casino platforms and other crypto-focused web-based gambling sites.
In layman’s words, provably fair games are a kind of casino game that operates totally different from traditional casino games seen in regular casinos.
That is because the game is played on the blockchain. The blockchain itself, as well as smart contracts and smart contract platforms, cannot be deceived.
When there is no human contact with the results and complete transparency, you end up with a game that can be proven to be fair.
However, others may argue that a lottery draw should be made public. To demonstrate impartiality, some broadcast or make these facts public through other ways.
Games developed on a blockchain can be considered provably fair since they can be shown to be fair. Because the blockchain is transparent, they have been constructed on an underlying degree of justice.
Organizers can make the blockchain source code accessible and give verification tools for lottery drawings.
Provably fair games are now available at nearly all Bitcoin casinos. While they are not supplied by all big software companies, there are some fairly decent titles available. It’s easy to see why provably fair games have grown so popular among players.
Progressive jackpot games are some of the most popular at online casinos, and thousands of players play these games every day in the hopes of winning life-changing sums of money.
Not only do many progressive jackpots have million-dollar prizes, but they’re also a lot of fun to play. This section will look at what progressive jackpots are, how they operate, and why they’re a great choice to play at crypto sites.
A progressive jackpot becomes larger each time a game is played, even if just by a tiny sum. As a general rule (with certain exceptions), when a player bets on a progressive jackpot game, a tiny portion of the stake goes towards the progressive jackpot.
The jackpot rises until a lucky player satisfies the conditions to win it, at which time the jackpot resets, and the process begins again.
All of the best Bitcoin casinos have a fantastic range of progressive jackpot games, including video slots, casino table games and video poker machines for you to enjoy. There’s even a variety of crypto-only progressive jackpot games that are now available!
What are Bitcoins?
Fiat currencies such as the British Pound, Euro, and US Dollar are examples of centralized currencies.
Bitcoin, on the other hand, is classed as a decentralized currency. Unlike the former, which banks and financial organizations manage, Bitcoin is controlled by a global network of users, who control and verify all transactions.
This basically means that your funds (in the form of Bitcoin) are not under the jurisdiction of a bank or financial organization. It’s effectively a digital currency that you can send to whoever you want whenever you want — without any middleman involved.
Can you gamble safely online with Bitcoins?
Yes, provided you choose to play at a Bitcoin casino that’s licensed and regulated. While crypto did have somewhat of a bad name for itself initially, it’s become a lot more mainstream today. Long gone are the days when it was being used solely by criminals.
To gamble safely at a Bitcoin casino, you need to make sure you choose a reputable site, always take care of your cryptocurrency (using security practices like two-factor authentication), and make sure to check the Casinomeister forums if you have any questions.
How do you buy Bitcoins?
You can buy cryptocurrency using several methods; for instance, some gambling sites will let you buy Bitcoin straight through their website. This will require the use of a third-party payment provider and the usage of debit and credit cards.
The most common method of acquiring cryptocurrency is through a third-party exchange platform or service; noteworthy examples include Binance, Kraken, and Coinbase.
We’ve compiled a list of several methods for purchasing bitcoin, which you can read about higher up on this page.
How fast are Bitcoin withdrawals?
One of the most significant advantages of utilizing cryptocurrency to play at online casinos is that withdrawals are nearly instantaneous once authorized by the casinos. For example, while gambling at fiat-based casino sites, it may take several days for your winnings to be credited to your checking account.
However, with crypto, it is nearly always done within an hour or two — even with crypto like Bitcoin, which runs on a rather crowded network. Smaller coins may be processed in much less time, with transactions typically taking 5-15 minutes.
Of course, the pace at which you receive your withdrawals is still determined by how quickly the casino’s finance staff processes withdrawals, but many crypto sites process rapid withdrawals anyhow, which is why so many players are gravitating toward crypto sites these days.
What other cryptocurrencies can I play with?
While most crypto casinos may advertise themselves as being a ‘Bitcoin Casino,’ most of them actually accept a wide variety of different cryptocurrencies. You can expect to be able to make deposits and withdrawals using other popular crypto coins, including Litecoin, Dogecoin, Bitcoin Cash and Ethereum.
Do I pay a transaction fee when depositing/withdrawing with Bitcoin?
Yes, but not in the way you may think. When you make deposits and withdrawals using conventional payment methods like debit and credit cards and e-wallets, the payment provider — VISA or MasterCard, for example — takes a small percentage of each transaction.
This isn’t the case with cryptocurrency, and there’s no middleman, so you don’t pay this percentage fee. However, you do pay a small fee each time you broadcast a transaction onto the blockchain. However, this is usually just a few cents, and it’s very rarely anything you’ll notice.
You don’t have to worry about this unless the blockchain is very congested. In this scenario, you can manually increase the fee to get your transaction processed faster, but this will never be an issue for the vast majority of those playing at crypto casinos.
Why does the price of crypto change so much?
Unlike fiat currencies — the US dollar and the British pound are examples of fiat currencies — cryptocurrencies can experience much greater price fluctuations, so much so that, sometimes, the value of a specific crypto coin can vary by as much as 30-40% per day!
Unless you’re an expert crypto trader or have a lot of experience in the markets, we strongly recommend holding onto your coins for as little time as possible. Don’t leave them in your wallet for too long, as the crypto markets are very volatile and tremendous change can be seen on a minute-by-minute basis.
Is Bitcoin gambling legal in Canada?
Regardless of whether you’re looking to join a brand-new Bitcoin casino or are considering one of the ‘old-timers,’ it’s vital that you make sure the casino you’re thinking of joining holds a valid online gambling license. While the specific rules and regulations vary between regulators, most impose strict conditions on their licensees. If you choose to play at a casino that doesn’t hold a valid online gambling license, not only may you not receive your winnings, you may be playing fake games, too.
When it comes to legality, it’s perfectly legal for players from Canada to join a Bitcoin casino and play. You’re free to use whatever cryptocurrency you want and play whichever casino games you feel like — there’s no law preventing you from doing so.
However, as we just said, make sure you’re playing at a licensed, regulated site. If you want to join the best Bitcoin casino sites, make sure you check out the list of casinos at the top of this page, all of which hold valid online gambling licenses.
Where can I find the best Bitcoin casinos?
If you’re looking to play at a Bitcoin casino that’s fully licensed, has a strong track record and has passed the rigorous tests we set out here at Casinomeister, then make sure you choose one of the Bitcoin gambling sites from the list at the top of this page.
All of these crypto casinos have been hand-picked by our team of online gambling experts, and they’ve all passed a rigorous number of checks and tests. What’s more, when you join a crypto casino on this page, you’ll be able to claim a generous welcome bonus, which could include a deposit bonus, free spins and more!
What are provably fair games?
Provably fair games are a relatively new concept, and they’re certain casino games that you can only play at crypto casinos. Unlike conventional casino games, provably fair casino games run on the blockchain, which means you can personally verify the randomness of every spin.
As the blockchain cannot be manipulated or fooled in any way, and provably fair games have their code ‘open-source,’ so to speak. Anyone can simply look at where the provably fair games pull their random number generator from and verify that the result is actually random! Most Bitcoin gambling sites offer some variety of provably fair games, although you won’t find any from mainstream game developers — yet.
Can I get free spins at crypto sites?
Yes! Almost all Bitcoin casinos offer free spins promotions, whether in the form of no deposit free spins or other types of free spins promotions. What’s more, from our experience, many crypto sites tend to offer wager-free free spins, so you can enjoy your winnings without having to worry about wagering requirements!
Of course, this isn’t always the case. If you choose to claim no deposit free spins, for example, you will have wagering requirements attached. However, generally speaking, when compared against conventional casinos, Bitcoin gambling sites tend to offer better free spins promotions!
Do I need to upload documents at crypto casinos?
Whether you need to upload know-your-customer (KYC) documents at the crypto casino you choose to join depends on several factors. For example, it can depend quite heavily on where in the world the casino is regulated. Some online gambling regulators are much stricter than others and require their licensees to carry our know-your-customer (KYC) checks immediately, while others allow sites to do them at a later date.
It also depends largely on the amount of money that you’ll be playing with. For example, if you’re depositing $50 and withdrawing a couple of hundred dollars, there’s a pretty good chance you won’t be asked to upload know-your-customer (KYC) documents right away.
However, if you’re depositing thousands of dollars — and more importantly withdrawing thousands — you’ll probably be asked to verify your identity. As a general rule of thumb, we’d always recommend verifying your account before you begin playing. This will save time later down the line and ensure you’re able to get your winnings as quickly as possible.