Best Bitcoin Crypto Casinos in Canada 2024

A cryptocurrency is a decentralised digital currency/asset used as a peer-to-peer mode of exchange (buying and selling) over a network of computers. Decentralisation means no single organisation, government or institution (e.g., banks) can control and maintain it. All your digital assets, coins, and transactions are stored in a secure cryptographic digital ledger. The first cryptocurrency to be launched was Bitcoin in 2009, but how did we get there? 

David Chaum, an American cryptographer, conceived the idea of cryptocurrencies in 1983 through a paper he published. The report highlighted the concept of creating a decentralised currency that could be sent anonymously without the involvement of intermediaries like banks. Building on his novelty idea, Chaum crafted a proto-cryptocurrency called Digicash in 1989, which required user software and special encrypted keys before withdrawing money from a bank.

In 1998, Nick Szabo designed Bit Gold, an electronic cash system that would later fuse with Chaum’s concept to create a product similar to Bitcoin. Nick’s idea still had flaws since it didn’t conceptualise the decentralisation feature. However, in 2008, Satoshi Nakamoto (an alias/pseudonym. The real identity has never been discovered) addressed the issue in his paper “Bitcoin: A Peer to Peer Electronic Cash System.” The white paper explained Bitcoin’s blockchain network, which uses the cryptographic SHA-256 hash function. 2009 saw the launch of Bitcoin, and it has since been on an upward trajectory.

In 2015, the second most famous cryptocurrency after Bitcoin, Ethereum, was launched, and by 2017, Ethereum had garnered a significant following. ETH introduced the concept of smart contracts and allowed other tokens to launch and function on its blockchain network. Cryptocurrencies are now a mainstay in real money online casinos, and after Bitcoin, there have been more cryptocurrencies released, such as Litecoin, Dogecoin, Cardano, Ripple, Tether, etc.

You now have a knowledge base of what cryptocurrencies are and their history. Below are the noteworthy features of cryptos you should know:

• Cryptocurrencies operate on a decentralised network, meaning no single authority, like the government or banks, can own or control these currencies. Instead, cryptocurrencies function on a series of computer networks.
• Transactions via cryptocurrencies are super-fast since no intermediaries are slowing down the process. It can take about 5 minutes or less for the transaction to be confirmed.
• Cryptocurrencies have no location limitations, unlike fiat options. So, anyone from anywhere in the world can use them.
• Cryptocurrencies don’t require users to share sensitive and private information (though most online users are sceptical about this) to transact. Instead, users only share their wallet address where the funds will be sent to. So, you can essentially hide your real identity.
• Cryptocurrency transactions are irreversible. Therefore, if you enter the wrong wallet address when depositing, even at the biggest crypto casinos, there’s no way you can recover your funds.
• Also, cryptocurrencies rely on Peer-to-Peer (P2P) transactions which are recorded on the digital ledger on the blockchain for transparency. Users can access these records. P2P means users directly transact with each other.
• Finally, cryptocurrencies are very secure due to the cryptographic blockchain encryption technology. Every user with a crypto wallet gets a unique private key inaccessible to unauthorised persons.

You must use a crypto wallet to safely and efficiently store and manage your digital assets. These wallets allow you to access, trade and complete transactions promptly. As such, there are two main categories of crypto wallets, hot and cold. 

Hot wallets require connectivity to the internet to function, while cold wallets don’t. These wallets are further subdivided into mobile, desktop, custodial, non-custodial, and web-based (hot). Cold wallets include paper and hardware wallets. 

When it comes to crypto wallets, you should be careful with the keys you receive after registration. You’ll receive two; public and private keys. Public keys can be given to anyone to receive funds, while private keys cannot be shared since they are proof of ownership of digital assets. Sharing private keys is like giving other users access to your wallet account. Some popular crypto wallets you can consider are Coinbase, Metamask, Exodus, etc.

Most players unfamiliar with cryptocurrencies usually shun away from crypto gambling since they view it as an uncharted niche. However, depositing funds to a Bitcoin online casino is straightforward and not as complicated as you think. Below we’ll showcase a satellite-guided procedure for funding your new crypto casino. Before we get there, as a prerequisite, you must have a crypto wallet account loaded with any of the major cryptocurrencies like BTC, ETH, LTC, etc.; the choice is yours.

1. Therefore, on picking a trustworthy site in which one can wager crypto, one must sign up there to bet real money – this also refers to a mobile casino that operates BTC. In fact, registration is made very simple and has no pitfalls. You’ll only need to enter your email address, password, and username. Also, you may need to verify your email address to activate your new account. 
2. Sign in to your account, go to the cashier/banking segment, and click “Deposit.”
3. Depending on the crypto online casino, you’ll see a list of crypto payment options like LTC, BCH, ETH, XRP, BTC, BNB, USDT, etc. Select your desired deposit choice from the provided alternatives to continue the deposit procedure.
4. A new window will open that displays the wallet address of your ideal crypto casino. There should be an address in text format and an available QR code for scanning. To initiate the deposit via the QR code, ensure the device with your crypto wallet has a camera, click “Send,” and scan the QR code. Your mobile device will automatically capture the casino’s wallet address.
5. Next, you’ll need to enter the amount you wish to deposit and confirm the payment. Optionally, you can copy the casino’s wallet address and paste it in text format in the “Text” field of your crypto wallet payment page to complete the deposit. You should be careful with this second option because the transaction is irreversible if you enter the wrong address.

After completing the above procedure, you should receive your deposit in your casino player account in less than three minutes. Crypto deposits are usually instant, and the most popular crypto casinos will not impose processing fees. Still, you can incur fees from your service provider, but these are generally minimal. You can now start playing your favourite real money Bitcoin casino games.

The best crypto casinos in Canada will always provide an excellent selection of online casino games. So, you can play your favourite titles, and if you win, you can start thinking about cashing out. The cashout procedure is equally simple and will take about two minutes to complete. Here’s a laydown of the complete withdrawal process:

1. Log in to your account.
2. Go to the banking section and click “Withdraw”.
3. You’ll see a list of the available payout options. Choose your desired method.
4. Next, log in to your crypto wallet account, click “Deposit”, and choose the same cryptocurrency you chose on your crypto casino site. Make sure you copy the provided cryptocurrency wallet address.
5. Afterwards, go back to the original withdrawal page on your casino and paste the copied address into the given text field.
6. Type in the amount you wish to cash out and click “Submit.”

Now you should wait for the Bitcoin online casino to process your withdrawal request. Although the processing times vary from one crypto casino to another, the most popular crypto casinos will complete this process within 24 hours. After processing, the funds should take an hour or less to reach you. Once the funds are in your crypto wallet, you can sell your cryptocurrency and convert it into CAD (or any other fiat currency of your choice).

Provably fair is a blockchain-based algorithm used by players to verify the fairness and outcomes of games. This technology is primarily exclusive to crypto casinos and Bitcoin casino games. As such, provably fair games are online casino games that allow players to participate in the verification and authentication process of game results for transparency. So, how does provably fair technology work in crypto casinos? Before a round begins, the algorithm uses the following components to calculate the result:

• Client seed: This constituent is provided by your web browser.
• Server seed: Your crypto casino will generate this variable.
• Cryptographic nonce: This component contains a record of the number of bets in a gambling session.

Prior to making any bets, your crypto casino operator sends a hashed (encrypted) server seed. Since the server seed is hashed, no one, even the casino, can decrypt it. Consequently, a client seed will be generated by your web browser. You can modify the client seed to ensure the casino operator doesn’t learn it. After spinning the reels or playing a hand, these two seeds (client and server) will combine to determine the round’s outcome. You’ll later receive an unhashed client seed as part of the algorithm’s transparency. 

You’ll use the cryptographic nonce to verify a specific game outcome of your choice. Therefore, to prove game fairness, you’ll go to the game’s settings, then the bet history, and click the provably fair icon. Alternatively, copy your game’s hash details, paste it on any free hash generator online and click “Generate”. If you get matching codes, it means the outcome is fair. Notably, BGaming was the first provider to incorporate this technology into its games.

Mobile compatibility is crucial in modern-day online gambling as most Canadian players fancy playing their favourite casino games from anywhere. As such, our recommended top Bitcoin casinos have fully-fledged mobile casino versions that support mobile gaming on devices with iOS and Android operating systems. More importantly, you don’t even need to download additional software since the instant-play mobile casino accessible from your mobile web browser is sufficient. Still, for convenience, you can download an Android mobile app from your respective crypto online casino if it provides one. All essential casino aspects, like mobile-optimised casino games, bonuses, tournaments, payment methods, etc., are easily accessible from your mobile device.

Conventional online gambling is fun, but adding cryptocurrencies takes the overall excitement to a whole new level since cryptos offer exhilarating perks. Therefore, when playing at the best crypto casinos in Canada, you can enjoy zero-to-low transaction fees, lightning-fast withdrawals, instant deposits, lavish bonuses, excellent security, and a wide range of cryptocurrency payment options. In addition, you’ll play your favourite online casino games with crypto through desktop and mobile devices and enjoy reliable customer support services. For increased transparency, you’ll find a selection of bitcoin casino games with the provably fair feature that allows you to verify game results. Moreover, our comprehensive article expertly guides you on where to buy cryptocurrencies and how to deposit and withdraw them. Therefore, you can select any casino from our top list of crypto casinos to enjoy a compelling online gambling adventure.