Bitcoin Casinos 2021

Vienne-GarciaVienne Garcia
3 min read
Bitcoin Facts
bitcoin-payment
Company: Richmond Internet Ventures Corporation Inc.
Founded in:2014
Headquarters:Richmond, Canada
CEO: Rupert Hackett
Website:bitcoin.ca
Available in:200+ countries
Available in Canada: since 2014
E-Mail:privacy@bitcoin.ca
Best Bitcoin Casino:Spin Away
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Cryptocurrencies are all the rage. Bitcoin, which is probably the hottest of them all, is now being accepted by more and more online casinos as a payment method.

If you happen to have any of this digital gold, then you’re at the right place. Because this is where we’ll talk about the various casinos where you can bank with crypto. For those who are still new to this cryptocurrency thing, we’ll also give you a quick primer on what it’s all about.

While Bitcoin has been around for more than 10 years, it is only recently that it really took off. It used to be associated with geeks only, until major investment banks and even some governments started purchasing Bitcoin a few years ago.

This was when Bitcoin’s value shot up and those who held any of it became instant millionaires. It also opened the door for other cryptocurrencies like Ethereum towards social acceptability.

Bitcoin & Online Gambling

As more people now hold Bitcoin and other cryptocurrencies, more and more establishments have started accepting them for payments.

However, be very careful about which casino you choose if you want to play with Bitcoin. Because Bitcoin isn’t a proper currency like the Canadian dollar, the US dollar or the Euro, it isn’t subject to the same regulations. That means there are quite a few Bitcoin casino scams out there. If you do want to use your crypto at a casino, don’t let the fly by nights take your money.

Make sure you choose a reputable Bitcoin Casino. We’ve listed some of the best Bitcoin casinos below to help you get started. Beyond banking with crypto, these casinos offer the full gamut of first class service and games that players expect.

Best Bitcoin Casinos for Canadians January 2021

eCOGRAGLIiTech LabsMalta Gaming AuthoritySSL Secured
1.
spinaway-logo93% Outstanding$1,500+ 100 Free Spinsvisit Spin AwayRead Review
2.
woocasino-logo92% Outstanding$300+ 200 Free Spinsvisit Woo CasinoRead Review
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We’ve tested these casinos and found they perform excellently across all parameters. In addition to BTC, they also accept payment in Canadian dollars so you can switch between crypto and regular cash payments for banking as needed.

How to Use Bitcoin at a Casino

Generally speaking, there are two ways to bank with Bitcoin or other popular crypto currencies like LiteCoin and Ethereum at online casinos. Some casinos will have a workaround with an e-wallet, like Skrill or Neteller, through which you will make your payments in crypto instead of the usual Canadian dollar.

Bitcoin acceptedMeanwhile there are other casinos and gaming sites that let you bank directly through your crypto-wallet like Coinbase. The casino’s cashier will provide you with the address where you can send your money. Afterwards, some casinos may convert your crypto to dollars, while others will keep it as a Bitcoin balance in your account.

To withdraw your winnings, go to your blockchain wallet and request a payment. This will generate a new address that you can give the casino to which they can send you your funds. It is recommended to generate a new address each time to ensure maximum security.

idea iconDo note that some casinos will payout in dollars instead of the cryptocurrency you deposited with.

What are the pros and cons to Bitcoin Casinos?

While Bitcoin – and cryptocurrencies in general – are famous for the anonymity they provide, you won’t necessarily benefit from that fully at an online casino. At least if you do the smart thing and stick with a licensed casino. Licensed casinos are legally required to verify your identity to prevent money laundering and fraud, so it’s for everyone’s good.

So, other than the sexiness of it all, why else would you want to use your Bitcoin at an online casino? Well, for one it’s fast, as with any e-wallet. Since it’s not a bank transfer, there is no extra processing time or bank fees.

Hits:Misses:
  • Very fast transactions
  • No banks involved
  • Independent currencies
  • Low to no fees
  • Payouts usually only possible in Dollar
  • High fluctuation in the exchange rate
  • Few pure Bitcoin Casinos available

bitcoin-3242250_640Payments with cryptocurrencies like Bitcoin are fast and anonymous.MoreLess

Bitcoin Casino FAQ

  1. Is Bitcoin Real Money?
  2. Do Casinos Accept Bitcoin Transactions?
  3. Is Bitcoin Gambling Legal in Canada?
  4. Are there fees involved with Bitcoin Casinos?
  5. Is there a Bitcoin Bonus at Online Casinos?
  6. Are Bitcoin Casinos Safe?

1.) Is Bitcoin Real Money?

bitcoin iconTo be clear, although Bitcoin has entered the mainstream, it’s fundamentally not like the Canadian dollar, the US dollar or other currencies issued by the government. It’s more like an asset, whose value can go up and down depending on how much it’s being traded for on the markets. However, for the purposes of gambling at online casinos and for many other transactions, it is treated like real money.

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2.) Do Casinos Accept Bitcoin Transactions?

Yes, although the exact method may vary. Some casinos accept Bitcoin through Skrill or Neteller, while others will let you conduct the transactions directly through your crypto wallet, like Coinbase.

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3.) Is Bitcoin Gambling Legal in Canada?

sicher-64x64.pngYes, however you do need to make sure you choose a licensed online casino if you want to gamble with Bitcoin or any other cryptocurrency. The casinos listed on this page, and in fact all the casinos throughout the Casino.Guide site, have gambling licences. Canadian players can gamble legally at all of these sites.

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4.) Are there fees involved with Bitcoin Casinos?

Casinos do not charge extra fees for using Bitcoin – in fact, most of the casinos listed on our site do not charge fees for deposits and withdrawals. However, your payment method or cryptowallet may charge a fee, especially if it is converting your crypto to the dollar.

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5.) Is there a Bitcoin Bonus at Online Casinos?

money bagYou can claim all the usual welcome bonuses and promotions when using Bitcoin to make deposits at online casinos as long as you meet the requirements, like the minimum deposit amounts.

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6.) Are Bitcoin Casinos Safe?

You really do have to be careful when it comes to choosing a Bitcoin casino. Because Bitcoin and other cryptocurrencies don’t have the same legal status as money, some Bitcoin Casinos have opened without gaming licences. That means they are not subject to the same strict standards for fairness, and players aren’t protected by law.

info iconIt is absolutely critical that you choose a licensed Bitcoin casino. As a general rule of thumb, our recommendation is to go with a regular casino that has already established a good reputation among players and now accepts Bitcoin. These tend to be safer than going with a specialised Bitcoin gaming site.

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Author: Vienne Garcia
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