Crypto Casinos in Canada – All You Need to Know

Crypto casinos are the latest hype in the iGaming industry, and Canadian players are ready to enjoy them at their best. Indeed, the country has robust regulations for the online gambling market, allowing both traditional and crypto casinos to thrive. The same regulations also ensure players’ rights and protections, creating a safer environment for everyone. 

It all goes to say that crypto casinos and traditional online casinos are equal under Canadian laws. Why choose crypto, then? Keep reading and find out.  

Ahead of the Game

The first crypto casinos opened in 2012 but weren’t an immediate success. Nevertheless, they were revolutionary. The pioneer, SatoshiDice, introduced several innovations that players had long craved. Apart from giving cryptocurrencies a new purpose, this platform is believed to have paved the way for provably fair bitcoin slots and other casino games.  

Arguably, most users also feel attracted by the extra layers of anonymity provided by crypto payments and blockchain-based operations. After all, traditional banks and financial institutions can get tricky when it comes to processing gambling-related operations. Crypto operations cut the middle man out, as no banks are involved. Better still, crypto casinos don’t request any banking or personal information. 

Blockchain technology further ensures the safety and transparency of such gambling platforms. Blockchain-based casinos are protected by heavy encryption. Blockchains also work as immutable ledgers that everyone can verify. However, privacy and safety aren’t the only perks here, as cryptocurrencies and blockchain have opened new and exciting avenues for this industry. 

Exclusive Games and NFTs

Crypto casinos offer a wide range of exclusive games and betting options. For instance, the now famous crash games were born in the crypto gambling ecosystem. NFTs are also gaining space in the online gambling market, where they can be traded with other collectors and monetized. Indeed, NFTs aren’t only a payment method and can unlock unique features, promotions, and betting opportunities.    

The Best and the Rest

Despite many innovations, players must still take some old precautions with crypto casinos. Unfortunately, high-end technology isn’t enough to guarantee players’ safety, as far too many scammers are around. Here are the defining features of a safe crypto casino.

Licensing

Crypto casinos are by no means above the law. Like any other gambling platform, they also need a valid operating license. Typically, this information can be found right on the homepage and must be easily verifiable. Players should take this first step before signing up for a new platform. 

Provably Fair Games

Provably Fair games provide a headache-free gaming experience. After all, PF certificates guarantee the randomness of results and that such results can’t be altered or influenced in any way. This technology is available for RTP games like poker, baccarat, roulette, and slots. 

Transparency

Platforms must be clear about Terms and Conditions, promotions, fees, and timeframes. Additionally, it must guarantee players’ privacy and data protection. Crypto casinos that fail to provide this information don’t deserve attention and should be avoided. 

Live Support

The lack of live support is usually a bad sign for players. It means it could be difficult for them to find help if necessary. Worse still, it hints that the platform isn’t committed to resolving any issues that may arise. High-quality gambling sites provide live support 24/7 to ensure a smooth and hassle-free gaming experience for everyone.

How to Buy Cryptos for Gambling

Buying cryptos is no longer a mystery. Exchange companies like Coinbase and Kraken have made it very easy: it’s possible to buy and trade them straight from a smartphone. Beginners are advised to opt for custodial wallets, like Revolut or PayPal, as other options might be too complicated. 

However, doing some research before delving into this world is advisable. There are over 20,000 cryptocurrencies out there, though most of them are nearly worthless. In fact, the market is dominated by the top 20 most popular ones, such as Bitcoin, Ethereum, Litecoin, Tether, Ripple, and others. According to recent estimates, over 42% of Canadians own cryptocurrencies. 

Additionally, it’s vital to understand that volatility in cryptocurrencies is legendary. Those who are buying cryptos only for gaming should go slow. Bitcoins are awfully expensive, while small cryptocurrencies can disappear overnight; it’s a risky business. Buying small and cheap (but reliable) cryptos like Dogecoin or stablecoins like USDT is the best way to navigate this landscape safely and still have fun. 

Canadians’ Top Favorites  

Canadians love gambling, or at least 20 million of them do. Tastes and preferences may vary widely in this population, but there’s always a new release coming up, catering to this massive audience. Still, most of them go for the same types of games when it’s time to have fun. Here are the games Canadians love the most. 

Slots

It’s tough to beat slots in popularity, leading over other games by a mile. It’s not difficult to understand why, though. Slots don’t require knowledge or experience; they offer a wide range of themes and gameplay. The minimum RTP for Canadian slots is also pretty high (98%), which makes them even more attractive to players. 

Roulette

Roulette requires a little more experience than slots, but it isn’t rocket science either. Here, players can choose the level of risk they want to take, as different betting options have different odds. For instance, chances are nearly 50/50 for bets on Red or Black numbers. There are mainly three types of roulette (American, European, and French), and Canadians love them all. 

Blackjack

Blackjack is the top card game in the country, probably because of its blend of simple rules and sophisticated thinking. Experienced players have considerable chances against the dealer. There’s a virtually endless variety of blackjack, but Canadians prefer to stick to the classic 1-deck version. 

Baccarat

Baccarat and blackjack are almost cousins. So, it’s not surprising that Canadians love both. Indeed, the rules are very similar, involving “predicting” the outcome of a round. It’s a straightforward game where luck and mathematical thinking go hand in hand. No Commission Baccarat, Squeeze, and Speed Baccarat are some of the favorite modalities here.