Bitcoin Gambling for Beginners: A Quick Guide

Bitcoin is the cornerstone of cryptocurrencies, but you probably already know it. What you may not know is that it has also changed the online Bitcoin gambling Canada scene forever.

Crypto-based casinos are on the rise, and more and more Canadians choose them over all other gambling platforms. Thus, finding a safe Bitcoin casino is imperative for legal betting. This is where we come into play: we do the work for you and review Bitcoin casinos.

1. No deposit bonus. Usually, this is a deal for new players who just created an account. You don’t need to deposit any Bitcoin to get some money to spend on Bitcoin gambling games. Withdrawing your winnings is also quite easy. But the amount you can win is often limited, and there are wagering requirements to fulfil.
2.  Welcome bonus and deposit bonuses. These are usually some of the most lucrative bonuses. You make a deposit and get up to 100% on top of it. Just make sure to check if there are bonus codes that you need to enter prior to depositing.
3.  Cashback bonuses. Some casinos return a percentage of the money you spend on games. Some Bitcoin gambling sites do this once a week; others have monthly cashback. You can withdraw your cashback or spend it on casino games. The best thing about cashback is that its wagering requirements are often low.
4.  Free spins. Some casinos give free spins for signing up, others have them as separate bonuses or as part of other deals. If you are into slot machines, you should probably look out for these deals. With free spins, you will have access to playing slots for free but still win real money.
5.  High roller bonuses. If you plan to deposit lots of coins, you can get even more money with these deals. They are the highest value for high rollers, as they usually double or triple your deposit. But to get them, your deposit amount should also be significant.

Online Casinos Reviews

While the mainstream media was only beginning to pay attention to Bitcoin, some Bitcoin gambling sites were hard at work. They were trying to figure out the best method to use their benefits. In fact, a large number of well-known casinos that attempted to go public using coins are still in business today.

The rise in the value of Bitcoin was, of course, a major factor in the surge in interest in virtual currencies. Let’s look at the most important aspects of Bitcoin crypto casinos in Canada and what you need to know about all BTC casinos.

1.  Reputation. Before we recommend anything, we check the casino’s reputation. We perform our own research but also read what fellow Canadian gamblers have to say. We also check if a casino is licensed and owned by a trusted organization.
2.  Payment methods. Another major thing is how quickly you can deposit Bitcoin and withdraw your winnings. It’s also an advantage if a casino accepts other crypto. Finally, a casino should be able to process your withdrawals quickly or even instantly.
3. User interface. We don’t trust casinos with terrible designs, glitches, and lags. We search for the best Bitcoin gambling sites that are easy to navigate and user-friendly. It should also be clear that you can deposit and withdraw Bitcoin. We check if a casino has an app or if you can open it in your mobile browser.

The Most Popular Games Are Available At Bitcoin Casinos

Online casino games powered by cryptocurrency have the same level of playability as their counterparts powered by traditional fiat currencies. It goes without saying that not all casinos provide the same selection of games. You should use your crypto to play the most popular casino games now available.

Before signing up for an account at any casino, you should check whether it has the games you like. If you’re searching for something different, have a look at our Bitcoin gambling, poker, and lottery sites.

Even though every player has their own preferences, there are casino staples that every online Bitcoin gambling Canada venue in our list has. These are:

• Slots and jackpots. Slots rule the Bitcoin cash gambling industry, with a new slot being released almost daily. Most casinos have them anyway, so what we look for is jackpots. With this simple mechanic, you have a chance to win a lot while spending very little. Progressive jackpots are particularly lucrative.
• Table games. It’s hard to beat the excitement of having fun with Bitcoin gambling roulette, blackjack, or poker, so we always check if a casino has a nice selection of these games.
• Baccarat, bingo, keno, and other casino games. Although they are not as popular as the first two categories, many Canadian gamblers still play them regularly. Baccarat, in particular, is a blast for those who love games of chance, so a good casino should have at least a few baccarat tables.
• Craps. Some gamblers are into dice games, so we check if a casino has craps or something similar.
• Live casino games in Bitcoin gambling site libraries. Many Canadians who bet with Bitcoin prefer to play live dealer games. They are streamed to your device in real time, recreating an atmosphere of a real casino.

Bitcoin-Friendly Gaming Providers

Bitcoin casinos rarely develop games themselves. They usually partner with software developers to feature their games on a casino website. Thus, a casino library’s quality depends on its developers.

If you’re a newcomer, a list of unknown software providers at Bitcoin gambling websites can be daunting. That’s where we step in! We’ve sifted through the industry to bring you a list of trusted and innovative software developers. Here’s who you should look out for.

Top 5 Software Providers for Bitcoin Casinos in Canada:

• NetEnt: Known for their cutting-edge slots and live casino games.
• Microgaming: A pioneer in the industry, offering everything from slots to poker.
• Evolution Gaming: The go-to for live dealer games, bringing the casino experience right to your screen.
• Play’n GO: Offers a wide range of slots and table games, with a focus on mobile compatibility.
• BetSoft: Renowned for their 3D slots and RNG games, providing a truly immersive experience.

Why is this list important? The best Bitcoin casinos Canada can boast have a mix of established and new software developers. This ensures you get a well-rounded gaming experience, from classic titles to the latest innovations. Besides, it usually results in a better choice of game types. Some software developers only produce slots, while others have a great selection of roulette or blackjack games, and so on.

How to Convert Bitcoin to Fiat

There are a number of methods to convert bitcoins to fiat currency. The following are some of the more common methods to employ:

1. Exchanges. A cryptocurrency exchange is the most popular method for exchanging Bitcoin for fiat money. It’s akin to the need for a money exchange facility when moving to another country. Local currencies, including rupees, dollars, and euros, may be exchanged for bitcoins on digital currency exchanges.
2. With a Bitcoin debit card and a crypto wallet. It’s the fastest way to exchange bitcoin for cash or fiat money. When a user deposits Bitcoins on a website, they are converted into fiat money using the website’s interface.

   There is one difference between using a Bitcoin debit card and a traditional debit card: the funds are transmitted from a crypto wallet, not a bank account. Each transaction is charged with a fee, and the number of transactions on a debit card is limited, which is the main drawback. Before getting a Bitcoin debit card, one must go to a bank and go through the KYC process.

3.  Peer-2-peer exchanges. This is a type of exchange platform where you access buyers and sellers of Bitcoin from across the world. Besides, they offer anonymity and safety of transactions.

If you want to send your Bitcoin to your bank account or online wallet, you’ll usually have to exchange it for fiat and then send fiat funds to your bank account. The upside is that these transfers usually take seconds.