Tag Archive: cryptocurrency

Over the last few years, the use of Bitcoin, along with other cryptocurrencies has increased dramatically. Online casinos have been quick to jump on the cryptocurrency bandwagon. You can find many top online sites that are happy to accept, not just Bitcoin, but any number of other alt-coins as well. What's great about using online casinos that accept crypto is that they offer some of the best bonuses and incentives for players who make their online casino deposits with cryptocurrencies.

If you've spent time playing online casino games, you would have noticed that these casinos make depositing your funds easy. There are a huge number of depositing options. Yet when it comes to making a withdrawal, things become more complicated. For a start, there are fewer withdrawal options. Then there are all sorts of hoops you'll need to jump through. One of the most serious of these is the wagering requirements. These are designed to ensure you have to spend more inorder to get your funds.

On the whole, the Canadian government takes a very hands-off approach toward all gambling activities. To that end, much of the legislation with regards to both casinos and sportsbooks is overseen by individual provences. Traditionally some were more strict than others, meaning there were no casinos allowed. Furthermore, utilizing offshore casinos was a big no-no. Today things have become much more relaxed. There is a growing land-based casino industry, plus access to foreign online casinos.

If you're a gambler who's still on the fence about whether to start using cryptocurrencies to gamble with, then we're here to help. Probably the biggest advantage, apart from anonyminity, is the fact that the blockchain means that all transactions are totally transparent. Neither you nor the online casino can hide any money or funds from each other. That's because the blockchain is a public ledger that will list every single transaction from all parties. This adds an extra layer of security.

Since its inception in 2008, Bitcoin has seen a dramatic rise in both acceptance and value. Now there are more than 70 million Bitcoin wallets around the globe. And its value has increased from virtually nothing to over $60,000 per Bitcoin. The fact that it's decentralised and anonymous to a certain degree has helped its popularity. As you can well imagine, the minute that casinos saw the currency becoming more accepted, they jumped in feet first. Now all online casinos will accept Bitcoin.