There are a number of online casinos in Canada that now list Bitcoin as one of their payment methods. This is a virtual currency that has grown in popularity over the last few years and you can now use it for real money gambling. It’s not cash and you do have to create an account by visiting a site like bitcoin.org. You will have to provide basic information and choose the type of wallet you want. After this you have to buy Bitcoins from an exchange site and there are several of these to choose from. After that you’re good to go. Select one of our online casinos for Canada and get ready to play great slots and table games.
Bitcoin Advantages and Disadvantages for Players in Canada
Advantages to using this digital currency include:
- No third-party transfer fees
- Easy to use e-wallet
- Excellent security and customer service
- Complete anonymity, Your details are never passed to the online casino
- Account set up is quick and easy
- Available worldwide including Canada
- Not all casinos accept bitcoin
- If you select this payment option you have to stay using it
- Value can fluctuate over a short period of time
How To Use Bitcoin for Casino Deposits
Select an online gambling site that accept Bitcoin. You can use the casinobillions.com Canada website to help you find a reputable operator. Log into your casino account and go to the payments or cashier page. From the list of payment methods choose bitcoin. Deposits are made using a Bitcoin address. You will be given the casinos address and then you must add this into your bitcoin wallet along with the amount you want to deposit. Click send money and your deposit will be automatically added to your bankroll. Everything is done over secure serves with all your information encrypted. If you have any problems customer service is available 24/7.
How to Make A Withdrawal
Everyone loves to win when playing online casino games, but not everyone wants to stress over getting their hands on the cash. Below are the steps you need to take to withdraw your winnings.
Step 1: Go to the cashier page of your casino.
Step 2: Choose withdrawal and add your bitcoin address and the amount you want to cash out.
Step 3: Hit submit and wait for the money to land in your Bitcoin account.
Step 4: Exchange your bitcoins for cash and transfer to your bank account.
Withdrawal times vary but they are some of the quickest available in Canada with some transfers taking less than 10 minutes. Some online gambling sites have pending withdrawal periods of up to 48 hours before they process the withdrawal so be sure to check on this as well as the terms & conditions and the withdrawal limits. If you have claimed a bonus you will need to meet the wagering requirements to request a cash out too.