This article gives you an overview of the best Canada Bitcoin betting sites in 2021.
If you want to deposit, withdraw, or bet using BTC, all of these highly regarded sites can help you.
Our guide offers the following information on Canadian Bitcoin sports betting companies:
The advantages of choosing them
How to find the best ones around
The top-rated exchange to use on CA Bitcoin sports betting sites in 2021
Are you ready?
A mysterious collective who called themselves Satoshi Nakamoto launched Bitcoin in January 2009.
It is still the #1 digital asset by market cap, which was over $1 trillion at its peak.
The hype surrounding BTC is immense and has caused its value to skyrocket at different points.
A significant number of sports betting companies are happy to accept Bitcoin due to its popularity.
Punters may find the following benefits and drawbacks in using BTC on these online sports betting platforms:
BTC’s popularity means a significant number of betting sites give bonuses for using it as a payment method
The capacity for BTC to increase in value means even a tiny win now could yield a massive reward later
Punters enjoy anonymity, so no one will know you’re betting on these betting sites
The heavy transaction fees associated with Bitcoin eat into your money before you begin betting
The downside of decentralization is that you have no chance to appeal if a dodgy sports betting platform robs you
Bitcoin can fall even faster than it rises, so the value of a big win could drop disappointingly
Curious about Canada BTC betting sites, but still looking for reasons to take action?
There are many reasons to get started; here are some.
Fiat currencies are boring.
Inflation makes their value go down continually.
As long as governments stay in control of fiat currencies, they retain their hold on the financial world and keep their power.
As for banks, they have complete control over the who, what, where, when, and why of fiat currency use.
The time of fiat currencies has passed.
Bitcoin is the new money in 2021.
There is no middleman involved in BTC exchange.
Therefore, you don’t have to worry about payment gateways.
You keep the traditional banking system out of the loop.
Once you use a convenient VPN, registering an account with a Canada Bitcoin sports betting site becomes easy.
This action means you’re now free to bet even if the site normally wouldn’t accept users from your country.
Some end-to-end Canada Bitcoin betting sites also let you bet despite it being illegal in your location.
Disclaimer: We do not encourage any activity that is against the law. Using sports betting websites that don’t allow people from your country involves risks. One of them is the possibility of losing your entire stake after having your account suspended.
You might know that banks don’t appreciate online sports betting companies.
We have heard and read many stories where people couldn’t get a mortgage due to their use of betting sites.
The fact that they only spent small sums on these sports betting companies was irrelevant.
Here’s the thing about Canadian Bitcoin sports betting companies, you can use them without your bank ever finding out. Therefore, your activity remains a secret.
Indeed, you can enjoy complete privacy unless you feel like talking about your hobby.
wagering on traditional sports betting sites with fiat currencies means you get stuck with fiat.
With fiat currencies, you lose purchasing power every minute.
However, if you choose to bet on Canadian BTC betting websites, your Bitcoin balance is much more likely to go up in value.
Do you find it hard to deposit money on betting sites? We do.
The bank froze the account of a team member for a month.
Do you know why? He went to a sports betting site and used his credit card to make a deposit.
What he didn’t know was that the UK applied a new regulation in April 2020.
He even received a warning from the bank and had to promise not to deposit on sports betting websites anymore.
With BTC, you will not need to beg your banker ever again.
Many online sports betting platforms accept BTC. The trouble is, most of them offer fairly poor services.
These sites seem locked in a time warp with payouts taking days, poor customer service, and many other issues.
In contrast, the best Canada Bitcoin betting websites are designed for a modern audience with up-to-date technology.
The result is a growing number of safer Canada Bitcoin betting sites that you can trust, which offer better customer support, faster payments, and promotions worth something.
Traditional sports betting sites have to deal with payment gateways, bank account management, and a ton of financial regulations.
That’s why, on these sports betting sites, your deposit and withdrawal amounts are very limited, with slow transactions.
The best Canada BTC betting sites are mainly regulated by the Curacao Gaming Authority, which means a lower level of financial regulation.
This means you could receive immediate payments and limits you can live with.
We have found a few top Canada Bitcoin sports betting sites that have NO limits on deposits and withdrawals, and you get your money almost instantly. You never get this kind of service from a traditional betting website.
Bear in mind that blockchains take a certain amount of time to process transactions, but it is still a fast process.
Although the short answer is ‘yes,’ there are a few things to consider when looking to use Canadian betting sites that accept Bitcoin.
The main obstacles relate to depositing money on sports betting sites rather than the BTC market.
However, a recent legislative change means things are about to become a whole lot clearer.
Yes, Canadian residents are free to use Bitcoin and the exchanges that allow its sale and purchase.
Like virtually every other country, Canada doesn’t recognize Bitcoin as legal tender, yet you can use it like fiat to make online purchases.
The Canada Revenue Agency (CRA) views digital currencies as a commodity, which means any income generated is classified as business income.
The CRA has taxed Bitcoin as such since 2013, and Canadian tax laws apply to digital currency transactions.
Also, exchanges that trade BTC must register with FinTRAC, the government agency in Canada that handles financial crimes.
As is the case in the United States, BTC exchanges are classified as money services businesses, which means following anti-money-laundering rules.
Bitcoin exchanges operating in Canada must keep certain records, report suspicious transactions, and remain compliant with other laws.
This is possibly beneficial for Canadians looking to invest in BTC on registered exchanges.
In general, Canadians are permitted to register with a sports betting website and deposit money.
However, the legality of wagering on sports markets in Canada wasn’t made clear until relatively recently.
It all boiled down to an odd rule that prevented people from single-game staking.
According to this bizarre rule, Canadian residents could not use any single market within an individual game, although parlays were legal.
The Canadian government moved to change the situation, and in June 2021, it passed C-218.
Thanks to this law, you can freely bet on any single-game market.
Every Canadian province is invited to utilize C-218 as soon as possible.
When this happens, you can wager on any sports market you like in Canada.
Not all exchanges allow their clients to transfer funds to/from Canada Bitcoin sports betting companies.
You may find your account frozen and your funds confiscated if you’re caught using their website to fund your Canada BTC betting site account.
And trust us, they can find out if they want to. But how?
The most serious exchanges use blockchain forensics software to track transactions on the blockchain.
We quickly found out the quality of the software when we received notifications from some of these exchanges.
So, what is the top-rated exchange if you want to get involved with Canada Bitcoin sports betting sites?
In our view, Binance is the obvious answer.
Not only is it the biggest exchange in the world; it has never had any policy against Canadian Bitcoin betting sites, ever.
As well as being the biggest, it is also the best exchange: it offers low fees, rapid withdrawals, excellent security, more currency pairs than other exchanges, and much more.
Set up an account on Binance, and you’ll discover that depositing funds and betting on any reputable Canada Bitcoin betting site is effortless.
Many users of sports markets now register with Canada Bitcoin betting sites and deposit Bitcoin.
They know their activities remain hidden from the bank and everyone else!
Canada BTC betting sites provide as many sports markets as traditional betting platforms.
Apart from everyday events, you can view special markets for major events like the World Cup, the Olympic Games, and the Super Bowl.
You’ll also find that Canadian Bitcoin sports betting sites provide better odds for various markets than a standard sports betting website.
There are also plenty of other advantages, including:
Low transaction fees
Almost instant deposits and withdrawals
A wide range of Bitcoin specific bonuses
An excellent level of security
Fast registration revealing little personal data
Those who use Canada Bitcoin betting sites tend to agree that they offer a user experience far beyond the traditional betting site.
The rise of the electronic sports sector is nothing short of extraordinary, and it now enjoys an audience of approximately 450 million people.
eSports involve video games, and the most skilled individuals compete against one another on a global stage in tournaments.
Although eSports will not feature prominently in the 2024 Olympic Games, many experts believe it is a matter of time before they get Olympic recognition.
While traditional betting companies earned money from eSports, it hasn’t taken long for Canadian BTC betting sites to follow suit.
Perhaps you can gain an edge if you look into the top performing eSports stars before risking any cash.
The most popular eSports games include Call of Duty, DOTA 2, and Counter-Strike: Global Offensive.
eSports markets are often very similar to other sports and may include tournament winner, over/under, and half markets.
Regardless of what you think of eSports, they aren’t going away, so it is best to embrace their presence on Canada Bitcoin betting websites.
When choosing the best Canada BTC betting site, here are some things to take into account.
There are several things to note when looking for a high-quality BTC betting site in Canada, including reputation.
BTC transactions are fast, cheap (most of the time), and there’s no central authority behind them.
It is mainly a good thing, but one downside is that your BTC transaction is final.
With no central authority, you’re unlikely to get your money back if you get ripped off.
That’s why reputation and ethics go a long way with Canada Bitcoin betting sites.
Our assessment of the best CA BTC betting sites therefore includes a particular focus on their reputation.
To save yourself some time, have a look at our Canada Bitcoin betting sites reviews to make sure you only bet on safe Canada Bitcoin betting sites.
Don’t make the mistake of registering and adding money before finding out that you’re not allowed to do so in your country.
This isn’t an issue if you use legit Canada Bitcoin sports betting sites because most of them won’t permit you to register, let alone add funds if you come from a country where its service is prohibited.
However, some less cautious Canada BTC sports betting sites will let you register your account and deposit funds until you win big (or consistently) and attempt a withdrawal.
At this point, your account is flagged for verification. For some shameless Bitcoin betting sites in Canada, the most likely result is that your account gets frozen and your funds confiscated.
This is why you must stick with Canada Bitcoin betting sites that allow people from your country.
If you decide otherwise at your own risk, make sure you bet on trustworthy and legit Canada Bitcoin sports betting sites that allow for more anonymity.
Look for good Canada BTC betting sites that return your money even if they find out you’re not allowed to bet.
Stake is one such site.