Best Crypto Casinos Canada

In simple words, cryptocurrency is a decentralized means of transactions. “Decentralized” means there is no central authority to regulate the price and circulation of the currency. Centralized authority in this case would be a bank. Or, the government. All of the traditional money we have are circulated through banks and regulated by the government.

Crypto, on the other hand, is completely controlled by the users. It’s achieved with “blockchain” technology. Think of it as a private network on the internet where nodes (users) transfer cryptos between them, on a peer-to-peer (P2P) basis.

Every single transaction is recorded on the blockchain and is accessible by all users. For this very reason, cryptocurrencies have become extremely popular in a very short time as a mode of payment. Because there are no chances for delays, double charging, or fraudulent transactions.

Now that you have somewhat an idea of what cryptocurrency or “crypto” is, it should be easy to wrap your head around crypto casinos. These are online casinos that accept crypto as payments. And you can withdraw your funds with them as well.

At least for some time, payment was the only paradigm online operators explored. But now, we’re beyond that. We now live in the era of “provably fair” algorithm and most modern crypto casinos are embracing it.

The term “provably fair” is somewhat self-explanatory, don’t you think? It’s fairness you can prove! Before it was a thing, the only aspect of online casino fairness was tied to the RNG (Random Number Generator). Licensing authorities, as well as 3rd party auditors, check the fairness of RNG to ensure that the games are safe.

Although it has been a long-standing practice, the user, as in you, never had any say in the fairness check. But with the introduction of provably fair casinos, you do.

In this algorithm, there are 2 seeds. 1 comes from the casino and the other 1 comes from the user. Instead of an RNG, these 2 seeds are hashed to create random results for any game.

Now that you know both paradigms, let’s get back to our original discussion where we plan to spend time at casinos that use crypto as a payment method.

The prerequisite to playing at the best crypto casinos is that you need a crypto wallet. If you’re familiar with e-wallets for fiat currency, crypto wallets work in a similar way. They store crypto safely encoded by your unique wallet address.

So, if you don’t have a wallet in the first place, that’s where you need to start. There are 2 main types of crypto wallets.

Most commonly used method to store and send/receive crypto. Similar to e-wallets, you visit the website for your preferred crypto wallet and open an account. Every time you need to use the wallet, you need to sign in to your account.

The safest kind of crypto wallet in our time. Although it’s unlikely for you to invest in a hardware wallet just for the sake of crypto casinos, we believe you should know about these. Basically, it’s an electronic device to store your crypto, disconnected from the internet.

Once you have your wallet ready, you’ll need some crypto at your disposal to deposit into the best crypto casinos. As Bitcoin casinos and Ethereum casinos are the most common, you can start right there.

The easiest way to get your hands on crypto is by buying them from an exchange. You can use regular fiat currency methods like credit/debit cards or PayPal to buy Bitcoin and Ethereum. Then, you can start playing at your favorite casino right away.

Depositing at crypto online casinos is a fairly straightforward process if you’ve adhered to the previous steps correctly. By previous steps, we mean getting your crypto wallet ready and having accepted cryptocurrencies in that.

Here’s what the deposit process generally looks like.

1. Log in to the online casinos that accept crypto. Visit the deposit page.
2. Locate the crypto you want to use. Click on it.
   
3. You should get a QR code or a unique address. The QR code also refers to the same address. It’s the crypto casino’s address where you need to send the money.
   
4. Open your wallet and scan the QR code. If it’s an address, type it in the sender’s field. Double-check the number before you authenticate the deposit.
   
5. If everything goes well, you should instantly find your crypto in the account.
   

Just like the deposit, you can withdraw crypto using your wallet address. The process is very much streamlined now as lots of crypto online casinos have popped up all over Canada.

A great benefit, in this case, is that most crypto wallets are pre-approved at online casinos. It means you can instantly expect the withdrawal. Unlike fiat currency casinos, you don’t have to wait for days to get your funds!

1. Log into your account and navigate to the withdrawal page.
2. Select the crypto you want to use for the withdrawal. If you’ve already deposited using it once, it should be automatically selected.
   
3. This time, you’ll need to provide your wallet address to the casino. It’s simply the opposite process of entering the casino’s address in your wallet. If you’re not sure where to find your address, just go into your wallet app and look around a bit.
   
4. Request the withdrawal. Check your wallet balance after 5 minutes. It should be already there!
   

All casinos must go through an evaluation process:

• Crypto casinos are online casinos that use cryptocurrencies as a means of deposit and withdrawal.
• Crypto casinos are often anonymous, meaning that players do not need to provide any personal information to open an account.
  
• Crypto casinos offer a higher level of security than traditional online casinos, as they are not subject to the same regulations.
  
• Crypto casinos are often located in countries with lax gambling laws, such as Costa Rica.
  
• Crypto casinos offer a wide variety of games, including slots, table games, and sports betting.
  
• Crypto casinos often have lower fees than traditional online casinos, as they are not subject to the same taxes.
  
• Crypto casinos offer a higher level of anonymity than traditional online casinos, as players do not need to provide any personal information to open an account.
  
• Crypto casinos are often located in countries with lax gambling laws, such as Costa Rica.