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Crypto Betting Sites Canada

By Jarin Ahmed | ⏲️ Reading time: 6 minutes

Crypto has proven to be a reliable payment method worldwide. These assets are not only convenient due to their digital nature but they are also a valuable investment. 

The rise of crypto betting bookmakers means that crypto user😼s can now easily use their digital assets to place wagers. From the pioneer crypto Bitcoin (BTC), to other🌱 top assets like Ethereum and USDT, there are many crypto betting sites that welcome this payment method.

List of Bookmakers that Accept Crypto

Rank Bookmaker Rating Bonus Get bonus
1
4.4/5
100% bonus of up to 150 CAD
PlayRead review
2
4.5/5
300% match bonus up to 7,380 CAD!
PlayRead review
3
4.8/5
100% first deposit bonus up to 300 CAD
PlayRead review
4
4.5/5
300% welcome package up to 200 CAD
PlayRead review
5
4.5/5
150% Welcome Bonus up to 600 C$
PlayRead review
6
4.8/5
Welcome Bonus up to 270%
PlayRead review
7
4.8/5
225% welcome bonus on the first three deposits
PlayRead review
8
4.5/5
100% Welcome Bonus up to 145 CAD
PlayRead review
9
4.8/5
100% First Deposit Bonus up to C$150
PlayRead review
10
4.5/5
Rareback Bonus Up To 25%
PlayRead review

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If you want to skip ahead to topics that you are interested in, make sure to click the following sections so yoꩲu can eas🀅ily read the topics you want to know more about.

crypto betting sites

What are Crypto Betting Sites in Canada?

Crypto betting sites are basically any online bookmaker that lets you place bets using cryptocurrencies. With thousands of different cryptocurrencies in the market, and🌠 more getting created each day, it depen𝔍ds on the bookmaker what cryptocurrencies they accept.

Some of the top crypto bookmakers also have exchange services that let you buy or trade crypto assets. Meaning, if you own crypto that’s not accepteꦐd by💦 the bookmaker, you can trade some for the assets that are welcomed by these sites and use it for betting.

Before you place your bets with a Betting Site that offers this paymen♐t method, b🥂e sure you check if it is legal and approved by the Canadian Gaming Association.

Crypto Betting Overview
Faster Transactions✅
Reduced Fees & Charges✅
Confidentiality & Privacy✅
Ease of Use✅
No Geographic Location Restrictions✅

Are Crypto Payment Methods Safe for Betting?

There have been many discussions revolving around crypto betting and its security measures against hackers and people with malicious intentions. This is why there are many initiatives when it comes to safety and security. Some cryptocurrencies have still struggled with being secure but the biggest and most popular crypto in the market can be trusted for betting.

Bitcoin and Ethereum are established enough and other cryptocurrencies utilize the blockchain which has enhanced security features and encrypti🔯on. Crypto wallets will also matte꧙r here because that will be the main storage for your assets.

How to Bet With Crypto

Instead of using the traditional fia🔥t currencies like the US Dollar and credit card options, betting payment options crypto lets you place wagers using digital assets instead. Buy crypto or if you already have this asset, simply use it to fund your bookmaker account. Here are a few tips꧋ on how to bet using crypto:

  • 1

    Check our bookmaker list

    To find the b๊est crypto bookmaker, check out the list above. All of these sites accept crypto so explore each one of them to find which bookmaker is perfect for your betting journey.

  • 2

    Get used to your bookmaker

    Find out more about the site you’ve chosen for crypto betting. Learn its features, particularly how to navigate the site 🎶as a whole. In the process of knowing the platf𝓰orm, you can find out the bonuses and promotions they offer that can help you have a fun betting experience.

  • 3

    Deposit funds

    To deposit using sportsbook payment methods crypto, here are the steps that need to be followed: 

    ➮ Buy you🧜r preferred crypto us🐷ing an exchange and store it in a secure crypto wallet. 

    ➮ Find which betting sites accept crypto, log in to your preferred sportsbook and find th꧟e deposit option. 

    ➮ This is where you connect your crypto wallet and choose which kin💖d of cryptocurrency you🌊 would like to use. 

    ➮ Finalize the transaction and start to bet with crypto

  • 4

    Start Betting

    Once you’ve deposited using the best online payment service for betting crypto, you can start gambling. There✅ are promotions that you can also check to maximize your crypto betting online.

How Deposit and Withdrawal limits work

There will always be deposit and withdrawal limits at online sportsbooks that accept crypto. This is to make sure that each bettor deposits and withdraws funds as smoothly as possible. You’re in control of your betting assets becau🐼se of these limits.

Ways to use cryptocurrency for betting in Canada
BookmakerDeposit timeWithdrawal timeCommission feeMin/max deposit limitMin/max withdrawal limit
StardaInstantInstant0%equivalent of 16 CAD/-equivalent of 16 CAD/-
Sportsbetting.agInstantInstant0%equivalent of 27 CAD/136,000 CAD per weekequivalent of 68 CAD/136,000 CAD per week
BC.GameInstantUp to 2 days0%-/--/-
SlotmanInstantUp to 7 days0%equivalent of 25 CAD/-equivalent of 25 CAD/-

Pros and Cons of Sports Betting with Crypto

Find out what are the factors you have to consider if you want✃ to bet us🐼ing crypto below:

Pros:

✔ Decentralized

✔ Safe, secure and legitimate assets

✔ Fast transaction speeds

Cons:

✖ Volatile in nature

✖ Untraceable since it’s anonymous

How to Withdraw Crypto From a Bookmaker in Canada

Crypto Canada

Crypto withdrawal process is easy and fast. This will involve the same variables from the deposit because you will need a crypto wallet where the coins will be stored. Just make sure that you follow the🍨 steps for you to transfer them ea༒sier. 

Go to your boꦦokmaker account and then click the withdraw button. Enter the amount that you want to withdraw from the winnings you’ve e𒀰arned with your successful gaming.

How to Withdraw Funds

Withdrawing crypto has the same processing as placing deposits to your bookmaker account. Simply look for the withdr﷽aw button, indicate how much of your winnings you want to withdraw, and wait for a few minutes for it to be re𒀰flected to your linked crypto wallet.

Canceling Your Withdrawal Request 

The cancellation pꦗrocess depends on the bookmaker’s terms and conditions. Let the site’s chat support team know right away if you want to cancel your withdrawal request. Most top online bookmakers have a 24/7 system so you can reach them right away.

Don’t Withdraw All Your Funds at Once

As you place crypto bets, make sure that you are not withdrawing them all at once. Itꦺ is important for you to know your limits because it’s better to keep some of your funds in the in-game wallet. 

Author
Jarin Ahmed
Like many aspiring writers, Jarin focuses on bringing life to the text for her readers. She is an avid sports lover, growing up in a family obsessed with bookies. She is an expert in the iGaming niche and has secondary obsessions with Gardening and cooking.
Article rating
5/5
1 vote
FAQ. Frequently Asked Questions

  • Make sure that you are picking t🐽he right sportsbook based on the markets that they provide and the experience that they give to you. Always choose licensed bookmakers.

  • At the moment, Bitcoin and Ethereum are the 🐷top two assets with Tether or USDT at♓ a distant third.

  • Yes, 🌠crypto betting service has drastically improved through the years which has led to more people making bets with crypto.

  • There is no true answer because it’s subjective but the top three are all good choices. Tron (TRX) is also a good ch꧃oice alongside the memecoin turned legit asset, Dogecoin.

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