What Is A Crypto Casino?
In short, a crypto casino is an online casino where players can use their cryptocurrency to make deposits, place online bets, and withdraw at will.
A crypto casino isn’t much different to a traditional online casino, but more and more sportsbook and casino operators are making crypto deposit and withdrawals easier to make.
Crypto betting is considered to be the quickest, safest and most secure method of enjoying online casino fun. So with all of these advantages of crypto casino betting, let’s delve into exactly why.
How Does A Crypto and Bitcoin Casino in Canada Work?
In Canada, and globally, there are generally two ways in which crypto casinos or bitcoin casinos work. Firstly, there are the exclusive crypto casinos with only crypto accepted as a method of depositing. You’d have to imagine this version of an online casino will become increasingly popular in years to come, but the hybrid casino whereby deposits can be made via credit cards as well as various forms of cryptocurrency is the most regular at this moment in time. Bodog operates in the latter form, although it is clear to understand why crypto casino betting is beginning to make a noise. In our Bitcoin and Crypto casino FAQ page you will find more information in detail.
In order to enjoy some online casino fun at Bodog, or other Canadian casinos, via crypto, there are some very simple steps that bettors need to undertake:
- Purchase chosen cryptocurrency
- Create a crypto wallet to store the cryptocurrency
- Open a Bodog Casino account
- Enter the cryptocurrency address in the digital wallets
- Enjoy an array of titles at Bodog Casino
How to Deposit in a Bitcoin Casino Canada
The above is a general overview of how bitcoin casinos work in Canada, but if you’re wanting to learn more about how to deposit with bitcoin or other cryptocurrencies specifically at Bodog then you’re going to want to keep on reading.
First and foremost, you need to create your free Bodog account, before clicking the icon at the top of the page to choose your deposit method. If you’re wanting to use cryptocurrency, select the coin in question and then you’ll be taken through to the final deposit screen. Bettors can either scan their generated QR code or launch their crypto wallet. One of the main advantages of betting with crypto is the speed in which the funds are available. You can now say goodbye to those long waits with crypto deposit available almost instantly.
Are Crypto Casinos in Canada Legal?
Absolutely yes! Crypto betting is becoming increasingly popular and with that increase in people using crypto coins at online casinos, it is only a matter of time until the form of depositing takes over as the most commonly used.
What Crypto Currency Can I Use?
There are an array of cryptocurrencies currently available to use at Bodog Casino, with each having their own advantages as to why bettors should use them.
Online casino bettors can currently use bitcoin, bitcoin cash, ethereum, litecoin, bitcoin SV and tether.
All of the above mentioned currencies take one hour for withdrawals to be processed, whereas bitcoin can take up to 24 hours.
Bitcoin is the original in the cryptocurrency world, and for that reason, a lot of Bodog bettors will opt to use that particular coin. That is extremely understandable given its popularity. However, let’s take a look at the limits involved with bitcoin compared to other options. Only ethereum’s minimum deposit of $60 is higher than bitcoin’s $15 at Bodog Casino. Bitcoin cash, bitcoin SV and litecoin all have minimum deposit amounts of $10 with all the above mentioned coins having a maximum deposit amount of $5,000.
When it comes to withdrawal limits, all but ethereum ($60) have a withdrawal amount of just $10, with a maximum withdrawal amount of $9,500.
Advantages Of Using Crypto At Bodog
Still not convinced? Believe us, there are a whole host of benefits to using a crypto casino, or indeed using crypto at a hybrid online casino such as Bodog. We have discuss the five main reasons to use bitcoin at Bodog before, but while you’re here, let’s recap.
Control
When betting with crypto, you’re in complete control. Your funds aren’t tied to a central authority or bank, so you have the power to deposit and withdraw as you see fit.
Convenience
You can begin playing at Bodog Casino with your choice of cryptocurrency as soon as you become the owner of a digital wallet. There’s nothing holding you back. In fact, you can make more transactions than ever before when opting to bet with crypto.
Security
All bitcoin transactions are documented on blockchain, meaning that you don’t need to enter any personal information when making a bitcoin transaction. A public key and private key combine to act as your digital signature.
Speed
As discussed under the control section, there are no entities like banks, federal reserves or governments standing in your way when you play with crypto. This means that crypto transactions are almost instant, with both deposits and withdrawals at Bodog Casino usually taking no more than 15 minutes to process. This is somewhat more impressive than the 4-7 business days required to wait when using alternative payment methods.
Price
Fewer intermediaries not only means a quicker transaction process, but it also means that you’ve essentially cut out the middle man so you don’t have to pay any transaction fees. It’s your crypto after all, so you should be able to use it as you see fit at Bodog Casino.