The Best Bitcoin Casinos In Canada
Over the years the Canadian online casino has expanded its payment methods to allow gamers to make their deposits and withdraw their earnings in a convenient manner that meets each gambler’s personal needs and expectations. There are numerous payment options at the Canadian casino including ewallet and evoucher cards, credit and debit cards and digital banks that facilitate transfers of funds to and from your personal bank account.
Today, there’s a new payment method that doesn’t rely on your country’s currency. The bitcoin casino of Canada allows you to conduct online casino payments for Canadian players in an internationally-accepted currency which can them be used at your leisure at any bitcoin-supported vendors.
Playing at the bitcoin online casino offers many bitcoin users the freedom to use digital technology as a monetary system for all of your banking needs.
WHAT IS BITCOIN?
Bitcoins are cybercurrencies – a form of digital currency which uses cryptography to create methods of payment. Many users prefer to conduct their financial transactions via these cybercurrencies because they offer enhanced security and cannot be counterfitted. Using various digital communication techniques, the cybercurrencies send information about financial transactions. Bitcoin transactions are secured, providing both the user and the casino with a safe form of casino transactions.
One of the most significant attractions of the bitcoin online casino is that it is not associated with any particular country and, as a result, the value of the transactions is not controlled by a centralized banking system. When you use bitcoin at Canadian online casino, the value of the transaction is dependent on a consensus of users which determines the value. This consensus is arrived at by analyzing market supply and demand.
USING CYBERCURRENCIES TO PLAY AT THE ONLINE CASINO IN CANADA
If you want to use a cybercurrency to play at the online casino in Canada, you should be aware that there are numerous cybercurrencies in the market including Dogecoin, Mastercoin, NXT, Globe and others. The bitcoin casino Canada is the most popular and is accepted as a payment method at many online and offline vendors such as at eBay, PayPal, Amazon, Apple’s App Store, Dell, Kmart and Home Depot. This gives you the option of using bitcoin to withdraw money and make further purchases at your leisure.
The bitcoin technology provides a safe and secure alternative for online gamers who want to conduct their casino transactions without any connection to their personal Canadian banking account. Payment provider intervention is not needed when you gamble using bitcoins.
BITCOIN TAX PAYMENT IN CANADA
The Canadian government taxes all casino income, including income that is achieved using bitcoins. The Canadian Revenue Agency applies barter transactions rules for bitcoin tax payment in Canada. The CRA considers that the value of your casino earnings are equal to the value of the bitcoin at the time that you played at the casino. You are obligated to document your casino earnings as a taxable gain.
PLAYING WITH BITCOINS
Many of the top-ranked Canadian casinos accept payments in bitcoins. To find out if your preferred casino supports bitcoins, open your casino’s website and click on the “Banking” page. You’ll find a listing of all casino-supported payment methods so if the casino accepts bitcoins, it will be noted on this page.
If you decide to play in bitcoins at a bitcoin casino Canada venue, click on the “Bitcoin” icon to indicate to the casino that you’ll be placing your deposits and withdrawing your winnings in bitcoins. You can continue to gamble in this way for as long as you want – if you wish to move to another ebanking method, just notify the casino of the change via the casino’s support line.
BITCOIN ONLINE CASINO OPTIONS
The Bitcoin online casino offers bitcoin gaming for all of the casino games. Regardless of whether you prefer to play slot machines, table games, card games or online lotteries you’ll be able to enjoy your casino event using your preferred Canadian casino method of payment.
You can play for free at the bitcoin casino at your leisure. The casino offers two gaming modes, a Real Mode and a Free Mode. To play for free, click on the “Free Mode” button and start playing for free at your leisure. You can play any of your preferred games for free in the free mode to review your techniques and check out each game’s rules with no deposit obligations. When you’re ready to play for real with bitcoins, click on the “Real Mode” button and then make your deposit after you’ve linked bitcoins to your casino account.
MOBILE GAMING WITH BITCOINS
You can play any of your favourite casino games on your smartphone or tablet device using bitcoins. The casino connects to your mobile via WiFi or cellular connection, allowing you to sign in at your leisure and play with bitcoins at any time and from any location. Regardless of whether you’re watching the kids at the park, riding on the train, taking a break at work or waiting for an appointment, you’ll be able to gamble with bitcoins at your leisure.
If you have any questions about bitcoin gambling or any other aspects of the casino, contact the casino support line via chat, email or freephone to get more information.