Best Ethereum Betting Sites in Canada

In this ultimate resource, you will discover the best Canada Ethereum betting sites in 2021 available in real-time.

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    Depositing on Betting Sites With Ethereum: The Good and Bad Aspects

    There is only one digital asset that has a larger market cap than Ethereum.

    July 2015 is when Gavin Wood and Vitalik Buterin unleashed Ethereum on the world.

    Ethereum proponents claim that it will become the #1 digital asset globally in the long term.

    Please consider the following pros and cons of Ethereum before using it on betting websites.

    Pros of using Ethereum on Betting Sites

    • The transaction fees associated with Ethereum are lower than when using standard money

    • ETH has a relatively fast transaction time compared to many cryptoassets

    • ETH offers a high degree of privacy

    Why you should avoid using Ethereum on Betting Sites

    • ETH has variable transaction fees, which can cause issues if you’re betting on a tight budget

    • Despite its high market cap, relatively few sports betting platforms accept ETH deposits at present

    • You don’t benefit from the same level of protection with ETH as you do when using fiat

    Benefits of Canada Ethereum Betting Sites

    Are you looking to bet with Ethereum but can’t decide if you want to go ahead?

    We’re sharing several reasons why they are worth your attention.

    Fiat is becoming worthless

    Fiat currencies are fast becoming yesterday’s news.

    • 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.

    Fiat currencies are not the future.

    In 2021, Ethereum represents the future.

    Bypass geo-restrictions

    A Ethereum doesn’t need intermediaries to be exchanged.

    Therefore, you don’t have to worry about payment gateways.

    You keep the traditional banking system out of the loop.

    All you need is a reliable VPN to register an account on Canadian betting sites accepting Ethereum.

    You can now start using sites that generally don’t allow users from your country.

    Some end-to-end Canadian ETH betting websites also let you bet despite it being illegal in your location.

    Disclaimer: Please note that we do not recommend or encourage illegal activity in any form. You are placing your investment at risk if you use sports betting sites that forbid users from your country. For instance, you could have your account frozen, which means you can’t access your money.

    Higher privacy

    You might know that banks don’t appreciate online sports betting websites.

    As a matter of fact, there are countless stories about individuals who were denied mortgages because of their use of sports betting sites.

    The fact that they only spent small sums on these betting sites was irrelevant.

    Here’s the thing about Canadian Ethereum 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.

    Let your money work for you

    betting on traditional sports betting sites with fiat currencies means you get stuck with fiat.

    Fiat currencies are outdated and lose their value over time.

    However, if you choose to bet on Ethereum betting websites in Canada, your Ethereum balance is much more likely to go up in value.

    Financial independence

    Have you ever struggled to deposit on betting companies? We have.

    One of our team couldn’t access their bank account for a month.

    Do you know why? He went to a 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 betting websites anymore.

    With ETH, you will not need to beg your banker ever again.

    The new generation of Betting Sites

    You can find standard betting websites that will take Ethereum, but they are behind the times.

    Old-fashioned design, inefficient customer service, slow payouts, and much more.

    The best Canada Ethereum betting sites, on the other hand, are designed for the modern user. Therefore, they adopt better technology and respect their audience.

    The result is a growing number of safer Canada Ethereum sports betting sites that you can trust, which offer better customer support, faster payments, and promotions worth something.

    Fewer limits, faster payouts

    Financial regulations limit standard sports betting sites. This is why they are so slow and inefficient.

    As a consequence, you’ll notice that you’re forced to accept low deposit and withdrawal maximums, not to mention waiting days to complete a transaction.

    The Curaçao Gaming Authority regulates many of the best Ethereum betting sites in Canada; however, this is a less strict form of financial regulation.

    Less financial regulation means fewer limits and faster (sometimes instant) payouts.

    We have found a few top CA Ethereum 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 sports betting site.

    Bear in mind that blockchains take a certain amount of time to process transactions, but it is still a fast process.

    Are Canada Ethereum Betting Sites Legal in Canada?

    The answer is ‘yes,’ but the entire process of betting on Canada Ethereum sports betting site markets in Canada isn’t straightforward.

    For the most part, the rules surrounding ETH are transparent, but this isn’t the case with betting website use.

    However, a recent legislative change means things are about to become a whole lot clearer.

    Is ETH legal in Canada?

    Yes, Canadian residents are free to use Ethereum and the exchanges that allow its sale and purchase.

    Ethereum is not legal tender in Canada, but you can still use it to buy goods and services.

    As the Canada Revenue Agency (CRA) classifies digital currencies as commodities, the profit you make from them is treated the same as if it came from a business.

    It is a situation that has been in play since 2013, and transactions using Ethereum adhere to Canada’s tax laws.

    Furthermore, if a digital currency exchange wants to operate in Canada, it must first register with the agency that fights criminal financial activity, FinTRAC.

    As is the case in the United States, ETH exchanges are classified as money services businesses, which means following anti-money-laundering rules.

    Consequently, such companies have to comply with a wide variety of laws, including maintaining detailed records.

    From a Canadian’s point of view, these regulations keep them somewhat safe if they use reputable exchanges.

    Is Betting Site use legal in Canada?

    These days, Canadian residents are allowed to use a sports betting website.

    However, the legality of betting on sports markets in Canada wasn’t made clear until relatively recently.

    The nation’s laws had an unusual quirk that outlawed gambling on single games.

    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 wager on any single-game market.

    Every Canadian province is invited to utilize C-218 as soon as possible.

    When this happens, you can bet on any sports market you like in Canada.

    Best Ethereum Exchange For Canada Ethereum Betting Sites In 2021

    Most exchanges are against the use of their platform to transfer funds to/from Ethereum betting sites in Canada.

    Some will freeze your funds and close your account if they learn that you’re using their services to deposit on Canada Ethereum betting websites.

    And frankly, these days, it’s easy for them to find out. Surprised? Here’s how.

    Top-rated exchanges can track transactions on the blockchain by using blockchain forensics software.

    And the software is very efficient, to the point that we already received notifications from a few exchanges.

    So, what exchange should you use to deposit on Canada Ethereum betting sites?

    In our view, Binance is the obvious answer.

    It is a vast exchange, the world’s largest. But, more importantly, it doesn’t have any rules against using ETH betting sites in Canada.

    Plus, it is also the best exchange by far for many reasons: top security, currency pairs available, lowest fees, fast withdrawals, and much more.

    By using Binance, you can deposit and bet on your favorite CA ETH betting website almost instantly.

    Canada Ethereum Betting Sites

    Many users of sports markets now register with Canada ETH betting sites and deposit Ethereum.

    They know their activities remain hidden from the bank and everyone else!

    Sports

    Those who register with Canada Ethereum betting websites soon find they have as many sports markets to choose from as with a standard betting company.

    Canada Ethereum sports betting sites not only offer countless daily markets, but they also give you the chance to stake Ethereum on huge events such as the World Cup.

    It is also becoming apparent that the prices offered by Canada Ethereum betting sites are often superior to regular sports betting websites.

    However, Canada ETH betting sites are even more impressive than you think, as users enjoy the following pros:

    • Minimal transaction fees

    • Lightning-quick deposits and withdrawals

    • Better bonuses and promotions

    • A high level of security

    • Easy registration with minimal personal information required

    Those who use Canada Ethereum betting websites tend to agree that they offer a user experience far beyond the traditional sports betting site.

    eSports

    Estimates vary, but eSports now attract over 450 million viewers in what is a worldwide phenomenon.

    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.

    Reputable Canada ETH sports betting sites jumped on the eSports trend and now rival standard sports betting sites regarding available events and markets.

    If you want to learn more about electronic sports, it is best to perform research so you can identify the best individuals and teams.

    The most popular eSports games include Call of Duty, DOTA 2, and Counter-Strike: Global Offensive.

    Canada Ethereum sports betting websites tend to offer markets relating to total maps for certain games, not to mention handicap options.

    There’s no question that eSports are here to stay, and CA Ethereum sports betting sites continue to increase their exposure.

    How to determine the best Canada Ethereum Betting Site?

    Here’s what you should consider when selecting the best Canada ETH sports betting site for your needs.

    Does the Canada Ethereum Betting Site support your country?

    Don’t make the mistake of registering and adding money before finding out that you’re not allowed to do so in your country.

    Legit Canada Ethereum sports betting sites will not allow you to register an account and deposit funds if you’re visiting the website from one of their restricted countries.

    However, some less cautious Canada Ethereum 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 Ethereum betting sites in Canada, the most likely result is that your account gets frozen and your funds confiscated.

    Therefore, it is crucial only to use CA Ethereum sports betting websites that are legal in your country.

    If you want to proceed with a sports betting website that prohibits your country, focus on CA ETH betting sites known for being honest.

    Look for good Canada Ethereum betting sites that return your money even if they find out you’re not allowed to wager.

    Stake is one such site.

    Canada Ethereum Betting Site reputation

    There are several things to note when looking for a high-quality ETH betting site in Canada, including reputation.

    In general, Ethereum transactions are quick, carry low fees, and have no central authority to answer to.

    It is mainly a good thing, but one downside is that your ETH transaction is final.

    Since there’s no central authority involved, don’t expect to get your funds back if you get scammed.

    That’s why reputation and ethics go a long way with Canadian betting sites accepting ETH.

    And that’s also why the reputation of CA betting sites that accept Ethereum holds such a significant role in our ratings and rankings.

    Check out our Canada Ethereum sports betting websites reviews if you’re unsure about the safe Canada Ethereum sports betting websites you can trust.

    Payments

    It is essential to find Canada Ethereum sports betting websites that help you manage your transactions, and we typically take the following factors into account in our ratings.

    Payment methods available

    Not all betting websites provide the same ways of depositing and withdrawing your funds.

    Of course, it’s generally better to have as many deposit methods as possible.

    Does the site offer fast withdrawals?

    The Ethereum space moves fast, and so do Canada betting sites that accept ETH.

    You may need your Ethereum to trade them rapidly or participate in an event on another good Ethereum betting site in CA.

    Some Canadian ETH betting websites will process your withdrawals within a few days, while others will process them instantly.

    In general, when it comes to withdrawal speed on Canadian Ethereum betting websites, faster is better.

    What are the limits on withdrawals?

    You’ll find that standard sports betting websites often heavily limit the amount of money you can withdraw at once.

    Indeed, finding one that enables withdrawals totaling $10,000 a month is tough.

    Fortunately, the top Canada Ethereum sports betting sites don’t hit you with such restrictions.

    Yet, there are Canada Ethereum sports betting sites that only allow you to withdraw small sums.

    This is because they generally don’t have a large amount of money to hand.

    The best Canadian betting sites that accept Ethereum are different. Stake, for instance, has no cap on withdrawals.

    For big-money punters, in particular, the key is to find safe Canada Ethereum sports betting sites with no limits on withdrawals.