Bitcoins are commonly used at online casinos these days to play slots and live casino. It is one of the deposit options available for punters to fund their casino account to play real money games. Canucks like to use this new payment mode because it’s instant, secure and anonymous. This means you do not have to spend too much time fiddling with your bank accounts, or worrying for safety of your online transactions or for your privacy. It’s simple, quick and reliable.
Not only is Bitcoin legal to own and trade in Canada, the Canadian government and central bank are making significant steps to understand the merits of the blockchain, the technology powering Bitcoin and 800+ other digital currencies.
You can use Bitcoins at live casino to play live dealers but you need to report your winnings to the CRA for tax as tax rules apply to digital currency transactions, including those made with cryptocurrencies. So using digital currency does not exempt consumers from Canadian tax obligations. This means digital currencies are subject to the Income Tax Act.
Where to get Bitcoins from and how to store them?
To play at Bitcoin casinos you obviously need Bitcoins and the easiest way to get them is through a bitcoin exchange.
Create a wallet at the bitcoin exchange: All you need is a verifiable email address to get started. Once you’ve selected and signed up for an exchange, you can begin buying or transferring money to your exchange bank account. Once money is deposited, you can choose to ‘Buy’ or ‘Trade’ the bitcoins,. The pricing will always vary depending on supply and demand. Once the bitcoins are purchased, you can transfer your bitcoins from the bitcoin exchange to your wallets.
There are different methods through which you can purchase bitcoin. Also, there are many currencies you can use to buy bitcoin from different exchanges. After buying bitcoins you will be allowed to use them anywhere you want and enjoy anonymity and safety. Another thing is that you can exchange your bitcoin into fiat currency through any of your selected bitcoin exchanges online.
Also there are Bitcoin ATMs at various places like at Alberta, British Columbia, Manitoba Nova Scotia, Ontario and at other various places.
How to play with Bitcoins at live casinos?
Whether they are slots, table games or live dealer games at Bitcoins casinos, they can be played with Bitcoins without any effort. Like you generally play casino games at Canadian friendly online casinos in same way you play with Bitcoins. All you need to get to Bitcoin casinos or casinos that have BTC as currency of deposit listed in their banking page. When playing at live casino simply choose BTC as your mode of payment at Bitcoin casinos. The Bitcoin casinos will convert your bitcoin into their base currency that is CAD and the exchange rate will be boldly displayed in the bank interface on the site.
Although you can’t use a bank account, credit card or cheque, avoiding the conventional banking system means transactions are faster. Using conventional currency, cashouts can take days, and cheque deposits up to a week. Bitcoin transactions are usually complete within minutes. Bitcoin casinos have no transaction costs. All transfers are peer-to-peer, so there are no middlemen to pay. Multi-currency casinos often make charges to deposit or withdraw using a credit card, and the providers themselves may have fees. The same can be true for e-Wallets and banks.
Five best Bitcoin Live Casinos to play Live Games
Though there are many Bitcoin casinos these days we choose the best five that are Canadian friendly and are legit to play. Remember you needn’t download anything but simply pick up your gaming device be it cell phone, PC or Tablet and get going.
1. Rich Casino
Offers Live Blackjack, Roulette, Baccarat and its various variations. Make a deposit with Bitcoins and get 400% Bonus on your first three deposits.
2. Bitstarz Casino
Bitstarz is another reputed Bitcoin casino that offers numerous Live dealer games to enjoy. There are various kinds of live roulette, blackjack, baccarat along with new live games. As there are lots of games to select to play so are the bonuses. When you make a deposit with Bitcoin you get 100% match bonus of up to 1 BTC on first deposit; then 50% match bonus up to 1 BTC on second deposit; 200% match bonus upto 2 BTC on third deposit and finally on fourth deposit get 100% match bonus of up to 1 BTC.
At Bitcasino.io you have the choice to select the Live casino gaming software to play with the kind of live dealer you want be it Microgaming, Playtech, Ezugi, Evolution and various others. The game variety is just awesome, you will love to play here live games of Blackjack, Baccarat, Roulette, Card games, Money wheel, Craps, Sic Bo and many others. On your first deposit with Bitcoins get 100% up to μɃ 1,000,000 match bonus. For example: when you make a μɃ 200,000 deposit, your balance will be credited with an additional μɃ 200,000 for a total of μɃ 400,000 towards play.
When you make second deposit with Bitcoins you get 50% up to μɃ 1,000,000 for your second deposit bonus! For example; when you make a μɃ 400,000 deposit, our agents will credit your balance with an additional μɃ 200,000 giving you a total of μɃ 600,000 towards play.
This Bitcoin casino offers lots of casino games as well as a live casino to play live Blackjack on their premium gold and platinum tables. Also have fun with the girls on Live American & European Roulette tables, also enjoy Live Baccarat and Super 6 Poker in Live HD which is fully compatible on any cellphone or pc device. When you make a deposit with Bitcoins you get 50% sign up bonus and $750 maximum bonus per deposit.
This bitcoin casino also offers live casino with various live games for Canadian punters. Depositing with Bitcoins get you 50% Crypto Bonus, use promo code CRYPTOBET on your first-ever deposit to earn a special 50% Bonus using either Bitcoin, Bitcoin Cash, Ethereum, DASH or Litecoin. The casino will match your deposit dollar from just $20 all the way up to $500.
Note that the Bitcoin casinos also allow various other cryptocurrencies to use like Litecoin, Ethereum, Bitcoin Cash, Dogecoins and more.
Before signing up at Bitcoin casinos you should check the following:
- Bitcoin casinos should be licensed and regulated by authentic gambling commission.
- The casino should have a provably fair system, and/or uses games from reputable traditional casinos. A provably fair system uses cryptographic techniques to determine the authenticity of a roll and ensure that neither the game, nor the player knows the outcome of a roll prior to the bet.
- Bitcoin casinos should offer great promotional offers and BTC bonuses.
- The game play and interface should be user-friendly and can be played with various devices like mobile and tablet.
Playing at Bitcoin casinos gives much joy as you can make can deposit and withdraw anonymously without the need for any third parties or middle men. Also you can play with high or low credit according to your budget in a fast deposit and withdrawal environment. Moreover, when making cashouts, there is no need for any ID proof and with loads of BTC bonuses at Bitcoin casinos greater chance to make some wins when playing slot games. With 24.7 help support Bitcoin casinos are now much on demand and are appreciated by Canadian players.