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Is Bitcoin Legal At Canadian Online Casinos?

Johnnie Rivera | 20 May 2021

Is Bitcoin Legal At Canadian Online Casinos?Bitcoin has become a preferred payment method for many players at Canadian casinos online. Today, the Bitcoin gambling industry is responsible for millions of dollars in revenue each year, and the movement continues to rise steadily in terms of popularity and wide-spread availability.

A common question often asked by casino online Canada players is whether it is legal to gamble with cryptocurrencies like Bitcoin. Since Canada is a heavily regulated online gambling market, it makes sense for players to be asking this particular question.

The good news is that although still locally in development as far as local operator participation goes, gambling with offshore operators not located within the borders of the country is 100% legal for players situated in Canada. And by the same token, so too is offshore gaming with Bitcoin and other leading cryptocurrencies.

The Rise Of Bitcoin

Bitcoin is often criticized for not being available all that widely yet. Still, an increasing number of online and mobile Canadian casinos online have now started to accept Bitcoin as a form of accepted tender for payments and withdrawals.

No longer is Bitcoin limited to the acquisition of assets and/or goods, but players from Canada can now gamble with a variety of leading cryptocurrencies at most reputable online and mobile casinos.

Cryptocurrencies like Bitcoin are an attractive method of money changing hands. Not only is it 100% private and anonymous, but it also offers new levels of online banking security to casino online Canada enthusiasts.

What Players Should Look For

Players who are eager to start gambling with Bitcoins, should look for a mobile or online casino accepting cryptocurrencies as a payment and withdrawal currency.

Even though gambling with Bitcoin, players should still ensure that the Canadian casinos online they select are regulated and endorsed by at least one of the major world gaming authorities. This will ensure that their Bitcoins, not unlike any other form of currency, are safe and secure, and their personal registration information treated in a confidential manner.

Another deciding factor when choosing a casino online Canada should always be the number and variety of online slots and table games on offer. It would make no sense gambling at a site for the sake of Bitcoin gambling only – a good option will always be the operator offering the most games, the greatest variety, and the best bonuses for maximum player enjoyment.