Bitcoin is quickly becoming the currency of choice for gambling online. From faster speeds to greater reliability, there are numerous advantages to gambling with Bitcoin over traditional currencies. Ready to get started?
In our guide to online gambling with Bitcoin, we’ll cover:
If you want to gamble online using Bitcoin, you’ll want a safe, secure site that processes Bitcoin deposits and withdrawals quickly. Here are our favorite online casinos that accept Bitcoin:
While Visa (and credit cards in general) tend to be the default method for most Canadian-facing online casinos given their popularity and high acceptance rates, it’s worth noting that each online casino has different minimum deposit and withdrawal requirements for each payment method, so as always, we’d recommend reading the fine print.
Select your Bitcoin casino and sign up for an account.
Select and set up a Bitcoin wallet, which is how you will manage and send your Bitcoin.
Select an exchange and purchase Bitcoin using your credit card or bank transfer.
One of the many pros to using Bitcoin at online casinos is the level of anonymity you have. There isn’t really any billing that comes with using Bitcoin at online gambling sites as it isn’t connected to your bank account or credit card. Don’t put any personal details in your Bitcoin wallet and these transactions won’t be traced back to you.
Here are the typical steps you can expect to encounter when withdrawing from an online casino using a Bitcoin card:
Head to the casino’s withdrawal page, choose your amount, and select Bitcoin as your intended method.
Check your Bitcoin wallet address, confirm and it and send the address to the online gambling site.
Finish the transaction and receive your bitcoins almost immediately. It’s that simple!
Bitcoin is highly lauded for its security features. The encryption that comes with Bitcoin transaction is top of the line, and these transactions are largely unable to be traced to back to you, which is great. Meanwhile, you receive larger bonuses for making deposits with Bitcoin, so it works out for everyone.
You also have to check on the online casino’s end to make sure they’re doing all they can to keep your transactions secure. Make sure you can see the padlock icon right by the website address to confirm that it is safe.
If you’ve decided that Bitcoin isn’t for you, here are some of our other favorite deposit methods:
