Who Benefits of Gambling with Canadian Dollar?
The Canadian dollar (CAD) is one of the most traded currencies in the world. CAD also takes 5th place in global currency reserves after the US dollar, the euro, the yen, and the pound sterling. Canadian dollars are called “loonies” due to the image of a loon on the back of a CAD coin.
Casinos in Canada are not prohibited, but all gambling institutions should be licensed or run by the government. Canada is an important player in the global gambling market with numerous land-based and online casinos. It is obvious that Canadian players want to use the Canadian dollar as their main currency. Depositing and withdrawing Canadian dollars in online casinos & betting sites is available not only in Canada. One can use CADs in international betting shops and casinos as well. Due to a great number of Canadian players, there are a lot of high-quantity CAD online casinos.
What are the Gains of Gambling with CAD?
Placing deposits in local currency is beneficial for several reasons. First, depositing in national currency is reasonable because it allows one to avoid conversion losses. The commission for the currency exchange may be considerable. While sending Canadian dollars to the CAD e-wallet will have no commission.
Moreover, online casinos often accept Canadian dollars with good rewards, promotional offers, and no deposit bonuses.
It is hard to get a reward for low house edge games such as dice, roulette, live casino, and table games. Pay attention to the slot games if you want to get a sizable bonus. Notice that all gambling services set their wagering requirements for the rewards. Read bonus policies to know about it. Usually, a player can only gamble or deposit more until the wagering requirements for the bonus are completed. Withdrawals are generally blocked during this time.
No-deposit bonuses are also about harsh wagering requirements. A no-deposit bonus is a credit that a gambling site gives to players, especially new ones. Many casinos offer no deposit free spins to play. To withdraw the funds, one needs to wager the no-deposit bonus about a hundred times.
What Games to Play in CAD Online Casinos?
There is a wide range of different gambling and betting options on the websites that accept Canadian dollars. E.g., live casino and table games, slots, pokies, video poker variations, scratch cards, dice, and bingo. Canadian dollar casinos can contain several hundreds of pokies. There are also extensive roulette, blackjack, and baccarat variations in many CAD gambling services. A lot of online live casinos accept Canadian dollars and provide players with a variety of games that one can play versus professional croupiers.
How to Deposit Canadian Dollars in Online Casinos & Betting Sites?
You should register and fill in your contact data to deposit and then withdraw from a gambling service.
To deposit or pull back the funds, follow the standard steps that are common for all CAD casinos:
* Head to the cashier.
* Select the “deposit” or “withdraw” mode.
* Choose the deposit or withdrawal method.
* Make a transaction.
Deposit Methods in Casinos that Accept Canadian Dollar
CAD online casinos provide their users with all trusted payment methods. Be sure to deposit Canadian dollars at secure gambling sites to avoid your financial data transfer to a third party.
Players widely use Visa and MasterCard for deposits and withdrawals. Some online casinos accept debit and credit cards, and some take only debit ones.
Bitcoins or other cryptocurrencies are accepted in loads of online casinos. There are also gambling and betting services that operate only with cryptocurrencies. This method allows one to disguise because paying with bitcoin and other digital money is possible without revealing personal data. There are plenty of online services where one can buy bitcoins for Canadian dollars.
Neteller is an online wallet that originated in Canada. It features two-step authentication that makes this payment method very safe. Neteller is also a quick deposit method. One can deposit or withdraw CADs instantly.
Instadebit and iDebit are two affiliated Canadian services that meditate Canadian banks and the final recipients, e.g., gambling sites. One can link a debit or credit card to Instadebit/iDebit and deposit in an online casino or betting shop. Financial information will not be revealed to a gambling site. Payments are instant. These services also allow withdrawing the winnings but take a withdrawal fee.
Paysafe Card is a rock-safe method to deposit in online casinos. Paysafe Card represents a prepaid card with a unique 16-digit code. One can buy a card in a physical store. The disadvantage of the Paysafe method is that one cannot withdraw the winnings with it.
Neosurf is also a prepaid cards method. Prepaid vouchers are marked with a 10-digit code. Neosurf has the same disadvantage as Paysafe. One can deposit CAD with this method but cannot withdraw funds with it.
How to Choose the Best and Safest CAD Online Casino?
* Read the reviews. Check the high-quality ratings of trusted Canadian dollar casinos and betting services such as listed on this page.
* Look for the license, software provider, and company information. Find this data at the bottom of the CAD casinos websites. Choose licensed Canadian dollar casinos that use a reliable software provider and reveal information about the owner.
* Get the proof that the casino is fair. If there is nothing to disguise, a provably fair CAD casino publishes the algorithm and the seed data (algorithm contains a server seed, a client seed, and a nonce). Sometimes Canadian dollar casinos care to make plain verification forms for the gamblers to check any bet they have made.
* Check the CAD gambling website support service. The caring live support team instantly answers all of your questions and even offers you special bonuses for your play.