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The innovation of Cryptocurrencies in the iGaming industry paved the way for establishing various Crypto-based casinos in Canada. According to Coinmarketcap, there are over 21,000 Cryptocurrencies in circulation, and it is impossible to expect Canadian Crypto Casinos to accept all the coins in circulation. This is why we have compiled this article to inform you about the major Cryptocurrencies used at the Most popular Canadian Crypto Casinos.
Advantages of Gambling at Canadian Crypto Casinos
Within years of their establishment, Canadian Crypto Casinos have acquired an impressive user base and continue to grow sporadically. Below are some of the advantages of Canadian Crypto that have attracted a remarkable percentage of Canadian gamblers.
Canadian Crypto Casinos are known for offering some of the best bonuses in the iGaming industry. These Bonuses allow new and returning players to claim impressive prizes for their activities at the Casino. These bonuses can include deposit match-up bonuses, loyalty bonuses, free spins, and other enticing perks.
Anonymity and Security
Canadian players who gamble at Crypto Casinos are also guaranteed total anonymity and no gambling cash trail on their transaction records. This is due to Cryptocurrency's independence from financial institutions and the Crypto deposit process at Bitcoin Casinos which players can complete with a wallet address and no personal details. Additionally, since all crypto Casino operations are online, the security and encryption at these Casinos are also extremely remarkable.
Vast Game Collection
The game collection at Canadian Bitcoin Casinos is always remarkable. With some Casinos offering over 5000 games, the entertainment of Canadian players is guaranteed as they have access to various game categories and can effectively switch games if they are tired of the one they are familiar with.
Favourable Banking Conditions
The deposit and withdrawal process at Canadian Crypto Casino is seamless. This is due to the speed of executing these transactions, the fees, and no authentication from any financial institution. Crypto deposits at these Casinos are processed instantly with favourable charges and peak comfortability.
Top 5 Cryptocurrencies at Canadian Crypto Casinos
Below are the top 5 Cryptocurrencies used at Canadian Crypto Casinos.
Litecoin is a decentralized, peer-to-peer, worldwide payment system that addresses bitcoin's drawbacks. Due to the speed and favorable charges, we have discovered that a considerable percentage of Canadian players prefer Litecoin for Crypto Casino transactions. Some of the Canadian Crypto Casinos that currently process Crypto transactions include:
- Stake Casino
- Yoju Casino
Bitcoin was created in 2009, and it succeeded in establishing a laid-down reputation for all cryptocurrencies that came after it. Bitcoin has the largest Crypto network and is the only Cryptocurrency found in all Canadian Crypto Casinos.
Ethereum is regarded as the second-largest Cryptocurrency network in the industry and has advocated incredibly for the iGaming industry due to the introduction of smart contracts. These smart contracts have also birthed a lot of decentralized casinos that operate entirely with the Ethereum network. Due to this Cryptocurrency's complexity, we advise that players familiarize themselves with the network or visit DefiLlama to get more information on some of these smart contracts and how they work. Some Canadian Casinos that process Ethereum transactions are Bets.io, Stake Casino, Fairspin, and many others.
Tron is one of the most easily obtained Cryptocurrencies. Compared to other Cryptocurrencies, Tron is one of the cheapest Cryptocurrencies, and it is also well known for its favourable transaction fees. Canadian Crypto Casinos currently accepting Tron deposits include Yoju, Fairspin, and Bets.io.
Ripple is another well-known and affordable cryptocurrency. It is not surprising that Ripple is one of the top 5 Cryptocurrencies at Canadian Crypto Casinos, given its comparably low transaction fees.
How to Gamble with Cryptocurrency at Canadian Crypto Casinos
Have you selected your preferred Cryptocurrency but have no idea how to start gambling? Follow these simple steps.
- Open a Crypto wallet if you don't have one and fund it with the accepted method.
- Register and verify your account with your chosen Casino
- Visit the deposit or cashier section
- Select your preferred Crypto deposit option, and a wallet address is generated automatically
- Copy the wallet address and open up your Crypto wallet
- Head over to the send Crypto section
- Input the wallet address from the Casino, enter the amount, and click send. Your Crypto will be available in your account in no time, and you can start wagering as soon as possible.
If you're a gamer who wants to stay current with the latest advancements in the gambling industry, you must learn how to play in a Canadian crypto casino. The best thing about crypto casinos is that playing there doesn't require you to be a technology expert, and you can quickly get started at any of the mentioned Canadian Bitcoin Casinos if you follow the tips highlighted in this article.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.