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Cryptocurrency and betting have become two industries that are incredibly intertwined with each other in recent years, which is why the experts at The Rockies Casino have decided to create this dedicated category page.
More and more crypto casinos are continually popping up and becoming available to gamblers who have decided to move away from the traditional fiat finances such as traditional currencies and have since decided to adopt virtual tokens such as Bitcoin, Ethereum, Litecoin, Dogecoin and many other cryptos that are currently being circulated.
If you want to learn more about what a crypto casino is and the advantages that a bitcoin casino in Canada can provide bettors, then we would highly recommend reading the remainder of this very short article as it will provide you with all the information that you need to know and will be able to understand without trouble.
What is a Bitcoin Casino?
So, the obvious first question that many may have when they think of crypto gambling is “what is a Bitcoin Casino?”
Indeed, it is a fair question, although the answer is as simplistic as some may have expected it to be. A Bitcoin Casino is an online gambling platform that allows individuals to place wagers on their favourite games, such as slots and classic table games, by using Bitcoin as their means of payment.
There are numerous different crypto casinos continuing to emerge, with many of them accepting the various digital tokens that are currently in circulation. That is why there has been a lot of news about these Bitcoin Casinos Canada has been experiencing over the years recently.
What are the advantages of using a Bitcoin Casino in Canada?
In order to perhaps be able to appreciate the benefits that a Bitcoin Casino can provide Canadian bettors, it would be wise to understand what using cryptocurrency as a whole can help individuals who hold the various tokens are already benefitting from.
For instance, one of the biggest advantages that can be experienced when using crypto is that the level of security provided when making a financial transaction is as high as possible. Fewer details are required in order for the transaction to be made, thus making holders less exposed to any potential hack or scam, whilst each transaction that they make will be fully transparent on the blockchain technology.
Other benefits include high levels of anonymity, faster transaction fees and the fact that crypto is decentralised; which is perhaps the biggest advantage for bettors who decide to use a Bitcoin Casino.
Those that do will be able to do as they wish as the digital token is not recognised or regulated by an external governing body, therefore bettors will be able to wager freely with it, whilst they will also be able to take any winnings made with the currency without having to pay any tax contributions on it. We must stress that it is important to check on the latest regulations, though, as these can change.
Bitcoin Casino Welcome Bonuses
As you can see from the table above, we have a number of online casinos that accept bitcoin as a payment in Canada. These casinos are very easy to access as you just have to click on the ‘Join Now’ button or to find out more about each casino you can click on the ‘Read Review’ button.
Wild Tornado even has a welcome offer that includes bitcoin, as when you sign up you can claim up to C$1000/0.04 BTC as well as 100 free spins! Other online casinos such as bet O bet and Cobra Casino accept cryptocurrency, when you deposit funds into your account you can choose to convert it.
Bitcoin Casinos in Canada are a major breakthrough as they can give players more confidence that their funds will be safe. The cryptocurrency in your account can also fluctuate in value according to changes in value so the money you have in your account could potentially go up in value by just leaving it over time.
Summary of Bitcoin Casinos in Canada
This Bitcoin Casino page will hopefully have provided readers with an insight into what crypto is currently doing to the gambling scene and why so many have already decided to use virtual currency as a means of payment when depositing funds to their accounts.
With more and more of these Bitcoin Casinos appearing in Canada, it is worth checking out this section regularly as we will continue to provide you with the latest and best TheRockiesCasino.ca betting promotions we possibly can!