- High Speeds
- No Fees
- On the rise in sports betting
Bitcoin Canada Betting Sites
Looking for Bitcoin betting sites? Here’s a complete list of all of the Canadian sites that accept Bitcoin as a payment method. Canada has some of the most bettor-friendly gambling laws in the world, which opens the doors to lots of opportunities to find great sites like these. Which one will you make your go-to?
Let’s take a look at one of the more polarizing ways to find your online betting action. Some swear by it, and other write it off as “not real” and pure hogwash. Where should you fall in that debate? Well, first of all, The biggest plus to using Bitcoin is the ultra-fast transaction times associated.
Because it’s not governed by anyone, deposit times at Bitcoin sportsbooks are done in a matter of minutes, and withdrawals are processed in an hour or two. You can quickly top up your account and/or get paid for your winnings. That’s really all a lot of bettors need to hear.
Also, the lack of bodies regulating Bitcoin means transaction fees are next to nil when depositing or withdrawing. There are no third-party regulators taking their cut of your money, which saves you money and speeds up the whole process.
Online Betting With Bitcoin
Above we listed some of the advantages that people enjoy. It’s ironic that these are some of the reasons that some bettors refuse to use it.
Because it’s virtual money and unregulated, many people can’t get on board. You can tell them it’s the future all you want. They’re steadfast that this could be a fad and the plug could be pulled any day now.
There are people on both sides of the betting fence who feel that way. Bettors are hesitant to waste their time using something this new and unpredictable. And many sports betting sites don’t accept it, spooked by the concept of virtual currency, and wanting more tangible funds to back your bets.
It’s already exceeded the success that most people would have predicted. In February 2015, the number of merchants accepting bitcoin for products and services passed 100,000, that’s certainly not nothing. But there are definitely more predictable and accepted ways to use Canada’s sportsbook websites.
It may not be for you. And that’s OK. Canada has some of the most bettor-friendly laws in the world, so it won’t take you long to find the perfect payment service or e-wallet for all your online betting needs.