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What is a Crypto Casino? Complete 2024 Guide for Canada
If you’re wondering, “What is a crypto casino?” you’ve landed on the right page. Cryptocurrency casinos allow players to enjoy online casino games while using cryptos like Bitcoin, Litecoin, Ethereum, and other popular blockchain payment options.
Read our complete guide to find out how crypto casinos work, the benefits and downfalls of these sites, and details on how to find the best and safest crypto casinos.
What Is a Crypto Casino?
A crypto casino is an online gambling platform allowing players to play games like slots, table games, and live dealer games using cryptocurrencies as a deposit and withdrawal option. Like real money casinos, you can choose from hundreds of games supplied by dozens of trusted software providers, decide how much to bet, and get in on the chance to win. The difference is that you play with cryptos rather than cash.
Why Are Crypto Casinos Popular?
Other than allowing players to use cryptocurrencies to make secure payments, crypto casinos have plenty of benefits. These include greater privacy compared to real-money casinos, faster transactions, and regular promotions. Additionally, there is a wider range of crypto casinos to choose from, meaning more players find an option that suits them.
How Do Crypto Casinos Work?
Cryptocurrency casinos make gambling on casino games like slots and table games easy. If you’ve played at real money online casinos, you’ll be familiar with how crypto casinos work, as these sites are built to operate very similarly to real money platforms. Here are some key pointers for more guidance on playing at crypto casinos.
How to Use Crypto Casinos
If you want to use a crypto casino, you’ll first need to register with one of these sites. You can do this by providing information like your name and email and creating a password for your new account. Unlike regular online casinos, crypto casinos won’t ask for personal details like the last four digits of your Social Security Number.
How to Pay Online Casinos with Crypto
Cryptocurrencies will support more casino deposit methods?than just cryptocurrencies, such as credit/debit cards and e-wallets. Still, many players will be signing up with these sites to use crypto options.
Go to the cashier section and choose to deposit. Select a payment option, choosing the cryptocurrency that suits you best. Enter the required details to link your crypto wallet to your account and decide how much you want to deposit. You should receive your deposit instantly once you have confirmed your details and deposit amount.
Advantages of Crypto Casinos
Canadian players want to register with crypto casinos and play games using blockchain payment methods for many reasons. Here are some of the critical benefits of playing with cryptocurrency casinos.
Payments with cryptocurrencies: The main benefit of crypto casinos is in the name - you get to make payments using cryptocurrencies. There are plenty of positives to crypto transactions, but importantly, it also gives players the choice to use their preferred payment method, be it Bitcoin, Ethereum, Litecoin, Tether, Dogecoin, or another virtual coin.
Greater privacy: Many crypto gambling sites are anonymous crypto casinos?that allow you to register without providing much personal information. Additionally, cryptocurrency payments don’t require you to enter any bank information, enabling you to protect your personal information.
More options: More cryptocurrency casinos accept Canadian players than regular real money online casinos. Therefore, players have a greater range of options and can find a site that suits them.
Instant withdrawals: When you make withdrawal requests with cryptocurrencies, you will receive your funds instantly at most online casinos.
Why Choose a Crypto Casino?
There are plenty of reasons to play at crypto casinos compared to other gambling methods. Below, we’ve compared cryptocurrency casinos to other gambling verticals to see which one suits you best.
| Casino Feature | Crypto Casinos Online | Regular Online Casinos | Land-Based Casinos |
|---|---|---|---|
| Fast withdrawals | Cryptocurrencies offer some of the fastest withdrawal times of any online payment method. Some crypto casinos provide instant withdrawals with cryptos. | Online casinos provide a range of payment methods, but the fastest withdrawal options usually take a few hours to process your transaction request. | Land-based casinos allow fast withdrawals, allowing you to trade chips for money in minutes. |
| Anonymity | You don’t need to provide much personal information when playing at cryptocurrency casinos. Cryptos let you make anonymous deposits, and many sites don’t require much personal information. | Online casinos support payment methods that require you to enter payment details such as your name and bank number to make transactions. Additionally, online casinos will request your personal information, including the last four digits of your Social Security Number, when registering to protect you from fraud and underage gambling. | You can pay at land-based casinos in cash, along with various other payment options. The casino will check your ID to ensure you meet the legal gambling age where you are playing before you enter the premises. |
| Player bonuses | Cryptocurrency casinos provide welcome bonuses to new players and regular bonuses to existing players, including VIP programs and weekly offers. | Online casinos also provide generous welcome bonuses and promos for existing players through various methods. | While land-based casinos may run occasional promotions, these are much less frequent and rewarding than online ones. |
| Ease of access | You can use your cryptocurrency casino anywhere you have a connection at any time. | If you are playing in a state with legal online casino gambling, you can access your online casino anywhere within state lines if you choose a locally licensed platform. Online casinos operate 24/7. | You must visit a land-based casino to play games. Not only may a land-based casino be located far away, but these operations may not be open 24/7. |
What are the Disadvantages of Crypto Casinos?
While there are plenty of advantages to playing at crypto casinos, there are downsides that players should consider before registering. Here are some key disadvantages of cryptocurrencies you should know before signing up.
No local licensing: While many internationally licensed crypto casinos accept Canadian players, you may not get the same customer protection guarantees you get when playing with an online casino. When choosing an offshore site, we advise you only play at well-reviewed, licensed crypto gambling sites with a good track record.
Few Canada-specific promos: As crypto casinos are internationally licensed, these platforms don’t always cater promos to Canadian audiences. Therefore, you may not get as many relevant rewards as you would if you played at a real-money online casino.
Fluctuating value of winnings: As there is plenty of volatility in the value of cryptocurrencies, the value of your winnings from cryptocurrency gaming can change while you play.
Are Crypto Casinos Safe?
Cryptocurrency casinos use a variety of modern safety features, such as SSL encryption, firewalls, and privacy policies, to keep your personal and financial information safe. Additionally, many crypto sites seek third-party approval from international regulators and safety bodies to prove to customers a high safety standard.
Legality of Crypto Casinos in Canada
Most provinces don't regulate online casinos, except Ontario, where online gambling sites are licensed by the Alcohol and Gaming Commission of Ontario (AGCO).
However, plenty of internationally licensed cryptocurrency casinos accept US players and will enable them to claim a welcome bonus and play casino games using cryptos.
International regulators like the MGA, UKGC and Curacao eGaming check these sites to ensure high safety and security standards while you play.
What Should I Look for in a Crypto Casino?
Several factors go into a top-quality cryptocurrency casino, but knowing what to look for can be quite challenging. As new crypto casinos?are launching all the time, it’s important to be able to identify the best option. Below, we’ve highlighted some of the most important factors to consider when selecting a crypto casino.
A Reputable License
Playing with a licensed crypto casino will ensure you play with a platform that has passed a recognized gambling authority’s regulatory requirements, including licensing, safety measures and fairness tests. We recommend playing with crypto casinos licensed by the Malta Gaming Authority (MGA), Curacao, or other reputable regulators.
Popular Cryptocurrencies
Every crypto casino will support different cryptocurrencies. Check out what payment methods are available, looking for crypto sites that work with popular cryptocurrencies and your preferred blockchain payment option.
Variety of Crypto Games
The best cryptocurrency casinos will let you play a wide range of games using cryptos, including slots, table games, and even live dealer games. Most sites will let you browse the game lobby before you register.
Easy Withdrawal Methods
Cryptocurrencies make withdrawing from online casinos straightforward, but you want to ensure your chosen casino processes these transactions quickly and safely. You can find more information about withdrawal speeds in the customer support section of your crypto casino.
Access to Customer Support
While things don’t go wrong often with top crypto casinos, you want to know help is on hand when you need answers to specific questions. That’s why we recommend looking for crypto sites that provide 24/7 customer support through email and live chat.
Join Our #1 Crypto Casino Today
And that’s it – you’re now fully up to speed on the crypto casino basics. Nice work!
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