Crypto Casinos Canada 2022

A relatively new addition to the online gaming world is crypto casinos. However, because these are new, it can be hard to find a site that's worth your time and effort. So, to that end, we have spent time researching all the available Canadian casinos with cryptocurrencies so that you can find all you need to know right here.

Our expert reviewers take the time to look at a range of different criteria including the bonuses, games available, security, and more. On top of that, the reviews are updated regularly, so you know that you're getting all the latest information.

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How we choose the best crypto casinos

In order to provide the very best crypto casino options, we analyze and review all the casinos based on a specific set of factors.

Security and safety

As a starting point, crypto casinos are known for their high levels of safety, but not all are safe. To ensure the casino is secure, we check that it is licensed. There are a number of licenses out there including the UKGC, the MGA, and Curaçao. Having these licenses means that a casino has to abide by stringent rules and regulations regarding its safety and security.

These licenses mean that fair gaming audits are in place. They also mean that player data is protected by SSL encryption technology and that there are responsible gambling protocols in place to further protect players.

Accepted cryptocurrencies

Despite appearing obvious, any crypto casinos on our list must accept more than one cryptocurrency. Not all players use the same options so, rather than being limited, we choose casinos that offer a wide array of options. In order to be added to our list, the casino must accept at least three different cryptocurrencies.

Bonuses offered

Bonuses are one of the best things about signing up for an online casino. In fact, about 60% of players acknowledge that the bonus is one of the first things they look at when choosing a casino site.

This is because bonuses are a great way to kick-start any online play. We make sure that any crypto casino we recommend has a number of different bonuses available. On top of that, we make sure that these bonuses are not just exclusively for new players, but that the site caters to long-term players as well.

What is crypto?

Crypto Casino Bonus

Cryptocurrencies are growing in popularity in this online world. Many of you will have heard of Bitcoin, which was one of the first cryptocurrencies out there, but there are more. However, this doesn't explain what it is. In short, cryptocurrency is a virtual currency that uses digital files in place of money. It is created using similar methods to cryptography, which means hiding the information. Furthermore, it is decentralized, which means it's not controlled by any one entity.

Being created in this way means that cryptocurrencies are almost impossible to double-spend or counterfeit. Through the use of a blockchain, it's also harder to trace, making this one of the more anonymous payment options out there.

Advantages to crypto gambling

While many people still do not really use this as a form of payment, there are actually a number of advantages to using this method. There are also advantages for casinos in that the high regulation of payment methods is somewhat bypassed by cryptocurrencies. This is because crypto doesn't have quite the same restrictions as fiat currencies do. But there are other advantages too:

Decentralization

One of the biggest advantages, and one that entices the most people in to use this option, is that cryptocurrencies are decentralized. This means that they are not connected or beholden to any government or bank. This means players have complete control over their funds. On top of that, a crypto account can't be blocked or frozen. Additionally, you can also transfer any crypto funds without anyone being able to see the transaction.

Transaction Fees

Most online e-wallets and other payment options of this type are out to make money. One way they do this is by charging transaction fees. However, while there are still fees in place for crypto, these are much lower. This means that when a player gets a win, they can keep more of the win than they would with a standard payment method.

Verification

Crypto is also very transparent. There is a public ledger for crypto, and it's here that all transactions are recorded. In this way, it's possible to prove that a payment was made and also to verify any withdrawals from the casino.

Global accessibility

One of the aims of crypto was to offer a global payment solution that wasn't governed by a particular bank or government. This means that crypto works the same for any casino site regardless of the country it is in.

Anonymity

Cryptocurrencies also hide the player data during any transaction. While it is possible to see that a transaction has occurred, the only detail provided is the amount. All the personal details are kept hidden. In some casinos, it's possible to have an account without providing any personal details at all. And, don't forget, no crypto transactions are recorded on credit or bank statements.

Disadvantages to crypto gambling

There are, of course, some disadvantages to crypto as well. Some people are put off by this even though there are many plus points. With that in mind though, here are some of the main disadvantages to using crypto as a payment method:

No recourse

The main problem here is that no one owns the blockchain that enables cryptocurrencies to function. This means that if there is a problem with a transaction, it can be a big problem to resolve. There is often some customer support available from the wallet provider or the crypto casino, but after that, you're on your own.

Funds in a crypto wallet can also be stolen and, because they are untraceable, once lost they're essentially gone forever.

No chargebacks/reversals

It's also not possible to reverse a transaction. Once the funds have left the crypto wallet, that's it. If there's a problem with the casino, you can't reverse the transaction. This is why it's important to choose a reliable crypto casino.

Volatility

Finally, cryptocurrencies are very volatile. This means the value of your currency can fluctuate dramatically. Sometimes this can be an advantage, but it can go the other way too. This will affect you when you change crypto into fiat currency as you might lose value in these conversions. But, you can gain value too.

Top tips on choosing a crypto casino

Bitcoin Online Casino

While we make every effort to provide you with the best crypto casinos, you can also go and look for yourself. In our reviews, we cover each of the following points to make it easier for you to find the right casino:

  • Check that the particular cryptocurrency you like to use is available at the crypto casino you plan to sign up with.
  • Check out the full catalog of games and make sure that they offer games you want to play.
  • Check all the bonuses that are available. These can come in a wide variety of different forms, but make sure you look at all the terms and conditions too so that you don't get caught out.
  • Check to make sure that you're not trying to access a casino from a restricted country.

Staying safe with crypto casinos in Canada

One of the main things about playing at any online casino is the need to stay safe. This covers everything from personal to banking details. It also means playing at a secure casino, even if it is one that accepts crypto. For players choosing to use crypto, they are already at an advantage as crypto is one of the safest ways to bet online.

However, there are a number of other steps players can take to remain safe and secure when gaming at crypto casinos in Canada.

Choosing reputable sites

As we mentioned before, the first thing to do is choose a licensed site. Players should always choose a site that's got a good reputation. Players can check this by looking at reviews from other players and at review sites. These reviews will give players a good idea about the way the casino treats its players. Of course, this doesn't mean they won't do something in the future, but at least it shows that in the past they took the right steps. We only list casinos that have a good reputation and are fully licensed.

Passwords

Players can help themselves a little too. When signing up to a casino, players will always be asked to create a password. Players should consider creating a unique password that contains letters and numbers when creating their accounts. It is important as players will be providing their bank details when joining.

It's a good idea to mix upper and lower case letters and use special characters as well. Some casinos don't even give players a choice. Instead, they will automatically create a unique password when the player signs up.

Be that as it may, it's still a good idea to change this password regularly and of course, never to share it.

Phishing

Another aspect of online gaming to be aware of is phishing. Phishing scams are there to steal personal information from players. Often this is in the form of an email asking players to respond with their account details. These types of messages should be ignored and deleted.

Legitimate e-commerce providers will not ask players to provide sensitive account data in an email. If you are uncertain whether the message is from your cryptocurrency wallet or a crypto casino you're a member of, you should always just get in touch with the support team and check. In this way, you will keep your funds safe.

Trusted exchange

When using crypto, players will have to make exchanges when purchasing these coins. With this in mind, players need to select the exchange they use carefully. That's because not all crypto exchanges are as reputable as others. When choosing a crypto exchange, there are a number of top options such as Coinbase, Binance or Bitfinex that players can choose from. It's highly recommended not to buy coins from someone in a forum as you won't know who you are interacting with, and they may be a fraudster.

Safe storage

Following on from this, it's important to have an online wallet or app for cryptocurrency. This method is the most user-friendly method of making regular transactions. However, hardwired wallets or cold storage are the most secure storage methods, but they're not quite as user-friendly for the average user. The best way to store crypto is to have an online wallet for the daily balance and store the rest in cold storage.

Crypto casino bonus

Similar to regular casinos, crypto casinos will offer a range of different bonuses to players. It is important to remember though, that these bonuses will always come with terms and conditions that must be checked before players accept them. Some main crypto casino bonuses are:

Popular cryptocurrencies

Without a doubt, the most commonly known cryptocurrency is Bitcoin. Some casinos still only accept Bitcoin and no other cryptocurrencies. However, there are a growing number of cryptocurrencies out there and more and more casinos are accepting this wider range of options.

Here are some of the most commonly accepted cryptocurrencies at the moment:

Bitcoin (BTC)

Despite being the original crypto, this isn't actually the fastest method out there. However, this is counter-balanced by the fact that it is the most secure. Its self-governing network is something that, to this day, stands in its favour and is the reason most players use this option. It's also decentralized, which means that players around the world can use it without their governments intervening.

Although there are newer cryptocurrencies on the scene, Bitcoin looks likely to remain the favourite for a long time to come.

Ethereum (ETH)

A close runner-up to Bitcoin is Ethereum. Some casinos will only accept this option in fact. One of the standout features of this cryptocurrency is that it's got one of the fastest transaction times out there. On top of that, it's got very low transaction fees, and these are even smaller than those in place for Bitcoin. Another plus for Ethereum.

However, the major downside to this cryptocurrency is that it's not as secure as Bitcoin. Nevertheless, it's still safer than some standard payment options, which makes this definitely one of the ones to consider when making the move to crypto.

Bitcoin Cash

This is actually an offshoot from Bitcoin itself. As such, it runs on many of the same basic ideas as the original. However, Bitcoin Cash was actually created to combat some shortcomings found in Bitcoin. Essentially, a group of developers worked on the code that operates Bitcoin and added in some advanced technology to combat those slow transaction times. As such, this newer option is popular with both casinos and players alike as it offers a high level of user-friendliness as well as speed.

Litecoin (LTC)

This is another long-lasting cryptocurrency and has been around since 2011. It's also known as Altcoin and works along very similar lines to Bitcoin. However, it does have its own standout features namely that it is cheaper and faster. When choosing to use Litecoin, players can be sure that they have the highest level of security as well as complete anonymity in their transactions. It's also used across the world with more and more casinos accepting it.

Crypto Wallets

Due to the way cryptocurrencies work, it can be very beneficial for players to use a crypto wallet to manage their transactions. However, it's very important that players choose a secure, reliable wallet. The first thing that players should check when selecting a wallet is whether it has two-factor authentication. This makes it a lot harder for hackers to access that account. A lot of players still don't use this feature though, so they are still the focus of most hackers.

The second thing to staying secure with crypto is to make sure all the keys are stored safely. If these are lost, then the player will have no way of accessing their crypto wallet and all the funds stored within will be lost. This means it's important for players not to share their keys. The only information that should be shared about a wallet is the address as this is the way the funds can be deposited into the player's account.

These are some of the top wallets out there:

Electrum

This is a very user-friendly crypto wallet. It also offers excellent safety and security features that include two-factor authentication as well as a validation system. This gives the user full control over any fees that come in and ensures that the currency is kept secure. It's one of the older wallets around, and also one of the most popular. However, it's not quite as versatile as other options when it comes to storage. But it does offer a mid-level option for regular players.

Coinbase

This is another very popular option due to its reliability. In fact, it is actually one of the better options for use as a crypto wallet. It's incredibly convenient and allows players to buy and store their coins all in one place. Coinbase also ranks very highly in terms of security and thanks to its ease of use, is one of the best wallets for first-time users.

For added ease, there's a top-notch mobile app in place that has all the same features as the desktop site. The only downside is that the verification process does take some time, so it's best to sign up earlier rather than later, especially for those players who know they plan on making trades very soon.

Edge

This last wallet is perfect for users who like to do everything via their mobile devices. In fact, for iOS users, Edge is easily the best option out there. Not only is it secure, but it's user-friendly too. It's a multi-purpose wallet as well, so players can store a number of different cryptocurrencies all in one app. This is incredibly useful for both new and old cryptocurrency users.

Mobile crypto casinos

These days, you can find almost anything in a mobile version, and the same is true of crypto casinos. Many casinos have developed apps that players can download to their mobile devices. And those that haven't need to ensure that they offer a mobile browser-friendly version for easy gaming.

Mobile crypto casinos give players the same features and functions as the desktop version. Players will need to download their crypto wallet to their device or know their key in order to make a deposit though. But otherwise, the process will work just the same.

FAQ

Can I play anonymously at a crypto casino? Yes, you can. This is because cryptocurrencies are decentralized, which means they are not governed by a bank or government. No one can see any transactions you make with a crypto account.

What games can I play at a crypto casino? You can play the full range of games from slots to table games at a crypto casino. The full library will depend on the individual casino and what they have to offer.

Are crypto casinos safe and secure? Yes, as long as you make sure that you sign up to a licensed crypto casino.

How do I make a deposit using crypto? Depositing using a cryptocurrency is very straightforward. All you need to do is select the cryptocurrency you want to use, input your key in your casino account and specify the amount you would like to deposit.

Is it easy to create an account with a crypto casino? Yes, the sign-up process is the same as signing up to any other online casino. You need to make sure you are giving the correct information though and that your account is verified.

Sources:

https://bitcoin.org/en/

https://europeangaming.eu/portal/latest-news/2019/01/21/36712/6-most-popular-games-to-play-in-crypto-casinos-part-1/

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