How Bitcoin is changing the way we pay and play in Canada

On the global market, Bitcoins have taken hold along side traditional currencies. We’ve seen it accepted at various online retailers and even some restaurants are accepting them. The question often asked, “is it safe?”

Since it uses Blockchain technology it is proven to be secured as it’s encrypted from end-to-end making it virtually impossible to hack into or even track. So, using bitcoins in Canada are pretty secure.

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What are Bitcoins? Think of it as digital, or crypto, currency that operates in a peer-to-peer marketplace. While the value fluctuates like any other currency, it’s all digital unlike the physical traditional paper or coins we’re accustomed to using.

Where do you start? First you need to set up a private Bitcoin wallet. That’s where all your secured transactions take place.

A relatively new category is the casino world where Bitcoins have been gaining popularity with gamblers over the past few years and it makes sense since traditional in-person casinos have mostly been shuttered recently during the pandemic. Even as things begin to ease up not all of us are confident in heading to Vegas anytime soon.

What are some of the advantages of using Bitcoins? 

-Players can remain anonymous.

-Minimum personal information required to play.

-Players can play from anywhere in the world at anytime.

-Ongoing laws with online gaming can easily be adapted by the host casinos in accordance with authorities.

-Because the bitcoin casinos are software generated there is no need for human interaction.

-Many bitcoin casinos don’t take a transaction fee unlike other online gaming casinos that have set limits and transaction fees.

Players need to register for a wallet from the bitcoin casino in order to play. At the end of your gaming you winnings or unplayed bitcoins will be transferred to the wallet. Players can opt to transfer the funds to their own private wallet.

What are some of the most popular bitcoin casino games? Online Slots, Roulette, Blackjack, and Baccarat are real draws. But you can also find Bitcoin casinos that offer sport-based betting as well. You’ll also want to watch out for perks like bonuses and promotions like free spins and giveaways.

Players also have access to online customer support 24/7 provided on the most reputable sites so even if you’re new to the Bitcoin world, there’s help. However, it’s worth noting that Bitcoins are not governed by any one particular country so the rule of thumb amongst online gamblers is to comply with gaming laws within your own home country or province.

Even though Bitcoins may feel like play money, just remember that it is recognized as currency and it’s treated as such wherever you choose to use it.