This article aims to ensure that you, the reader, understand all the benefits of using crypto to bet in Canada. After all, being knowledgeable about these offers determines how far you will go in the betting world.
There are many online gamblers in Canada; some of these gamblers are not fully aware of the many advantages of Crypto Betting Sites in Canada. Therefore, they are stuck with using fiat currency for their transactions.
That’s why we will now enlighten them through this guide about what crypto betting will offer them.
What is Cryptocurrency and How Can You Get It in Canada?
Before we dive in on the benefits of crypto betting sites, let’s talk about the currency itself first. Cryptocurrencies are digital currencies that People can only use online. The first of them, therefore, is Bitcoin. It came into the limelight in 2009 and has been a top coin globally.
As of October 2021, one Bitcoin is worth 79,426.24 Canadian dollars. However, it would be best to have a crypto wallet to store the currency. There are many crypto wallets available for gamblers in Canada. The notable ones are listed below;
* Trevor model T express
* Coinomi wallet
The legality of Cryptocurrency in Canada
Many gamblers in Canada are always concerned about the legality of their chosen currency. Frequently, they ask if crypto transactions are legal in Canada. Unfortunately, specific cryptocurrencies like Bitcoin or any other coin are not legal tender in Canada. However, it will interest you to know that it is also not illegal.
Although the Canadian government only considers banknotes by the Canadian head bank and coins by the Royal Canadian mint act as the only legal tender. It will also interest you to know that using cryptocurrency for transactions is not prohibited in the country.
Features of Crypto Betting in Canada
One standard payment method of Canadian online betting sites is crypto. The fantastic features of these currencies put them on the top spot in the betting world. Moreover, you can not get these fantastic offers if you still use physical betting sites. Therefore, let’s see some of these offers below:
Blockchain transactions are swift. Moreover, many gamblers are constantly seeking the quickest deposit and withdrawal methods. Gamblers who love to bet on games while they are ongoing are not always comfortable using fiat currency. This affection is because its transactions are very slow, and its market may be closed before the money reflects.
Additionally, Canadians in need of urgent assets to cater for their needs also love using cryptocurrencies. Fast withdrawals ensure that you get your money right when you need it.
* Zero Transactions Fees
One of the significant advantages of betting with crypto is that you do not have to pay a ridiculous amount for a successful transaction.
Most banking and financial platforms linked with online betting sites and using fiat currency always require a charge that is not palatable before bankers can carry out your transactions. However, cryptocurrency transactions are entirely free from such payments.
* Anonymous Betting
If you are looking for a means of payment that offers complete privacy, you can turn to crypto betting sites. Its decentralised form ensures your full privatisation from banking authorities.
Nevertheless, to remain completely anonymous of the crypto betting sites, you can make transactions using different e-wallets. Some of the best e-wallets available in Canada are Apple Pay, Fitbit pay, Garmin pay and many more.
The vital information for any transaction is your crypto address. Moreover, you do not need to fill in your personal information like name and contact when betting on crypto betting sites.
* Transparency of Operations and Safety
Another significant benefit of crypto in betting is keeping up with your transactions. The crypto blocks allow the opportunity to monitor the steps involved in the transactions processes.
Moreover, transactions using crypto wallets are very safe as these applications do not give opportunities to internet fraudsters.
* Crypto Betting Sites Wide Variety of Games
Cryptocurrency betting sites also offer players a wide range of game options from slot games to table games and, finally, sports betting options. Therefore, outside the fantastic transaction operations, Crypto betting sites are the best place to turn to if you seek a wide range of game options.
The slot games available on the betting sites have links with the best software providers in Canada. An example of the game is mega moolah. These games give you the best slot betting experience.
Crypto betting sites are also always at the very top when it comes to sports betting. Moreover, they offer gamblers the most exciting sports games available globally. Some of these games are soccer, American football, tennis, rugby, cricket, horse racing, car racing and many more
Additionally, these sports games have the best and latest selection available.
The table games offered by crypto betting sites are also fascinating. A few of these table games are blackjack, crap and roulette. Moreover, if you are a video poker lover, you will be delighted to know that new crypto betting sites give you the best poker experience there is.
* Crypto Betting Site Bonuses
The fact that you are using crypto for your transactions triggers some betting sites to provide you with the best bonuses in their bag. There are many reasons why betting sites reward players more for using crypto in their transactions. For instance, some betting sites view it as publishing that particular payment method, thereby increasing their popularity.
Some of the bonuses offered by crypto betting sites are deposit bonuses, free spins, cashback bonuses, VIP promotions, and many more. Additionally, crypto betting sites have special perks only available for their customers.
Crypto betting is a massive leap for online gamblers. Moreover, their betting sites offer players many advantages over physical betting sites.
The notable benefit of betting with crypto is privacy, safety, security, whooping bonuses and many more, as mentioned in the article. Therefore, go ahead and choose any legit crypto betting site to enjoy a fantastic betting life.
Ray Schuetz received a Masters Degree in computer science from The University of Texas (Austin). Ray has been working as a full-time blockchain consultant for the past 3 years. In his spare time, Ray enjoys writing for EthereumCryptocurrency.com and other crypto news publications.