Canadians interested in modern gambling can now play games on the crypto gambling sites as they offer the latest features. This fantastic technology has been a significant reason why many punters in Canada consider the customary gambling platforms outdated.
Unfortunately, some gamblers still doubt the hype and popularity of CryptoGambling sites in Canada. Therefore, they do not see why they should switch from regular gambling sites to crypto casinos. Thus, careful consideration of this article will help you understand the startling causes of crypto casinos’ popularity in Canada. We will also provide a brief overview of the prominent cryptocurrencies in the country.
Cryptocurrencies Available in Canada
There is always a new cryptocurrency that joins the league of existing ones with every passing day. However, gamblers should not expect to find these new cryptos in every digital currency casino. Canadian crypto gambling platforms ensure they select the most popular cryptos in the country for gambling activities. Here are a few of these digital currencies:
Bitcoin
The most prominent digit currency in the world is Bitcoin. Undisclosed personnel known as ‘Satoshi Nakamoto’ released Bitcoin to the public in January 2009. Soon after its creation, it gained massive prominence in most commercial countries, including Canada.
Over the past few years, BTC has attained a market value of over $1 trillion, with many prospects of more considerable worth. Therefore, most crypto sites consider the option of Bitcoin on their platform as very important as it is a trademark of reliable cryptocurrencies. But unfortunately, some gamblers can not afford to use BTC for their operations because of its high value.
Ethereum
Ethereum comes immediately after Bitcoin in the digital market in order of prominence. However, it has many similarities with its predecessor, which accelerated its acceptance since its birth by Vitalik and Gavin in July 2015.
One of its notable characteristics is the 12 seconds transaction time which many believed to be better than Bitcoin’s. The fast operation is what Canadian punters who love to stake in-play games require, so Ethereum is the right pick. Additionally, some experts have made speculations about a time when ethereum would rule the digital currency world.
Litecoin
After observing the success of Bitcoin, Charlie Lee made Litecoin in October 2012 with its characteristics very similar to the BTC features. Unfortunately, although Litecoin has identical properties to Bitcoin, it has not matched its prominence and market Value. Fortunately, it has a solid reputation that has made many crypto gambling sites to consider it one of the best currency options on their platforms.
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Dogecoin
The Dogecoin is another coin you can expect to use in a Canadian crypto betting site. Unfortunately, after its creation by Markus and Jackson Palmer in December 2013, many gamblers thought the coin was more of a joke.
However, its market value skyrocketed when billionaires like Elon musk felt it was a good idea to invest in Dogecoin. It has a symbol of a dog with many properties similar to the Ethereum. Sadly, some Canadian crypto-betting sites do not see the need to offer this coin. Therefore, verify your casino offers Dogecoin before you wager on them.
6 Startling Causes of Crypto Casinos’ Popularity in Canada
It is normal to wonder why crypto casinos are top-rated in Canada today, especially if you are a huge fan of conventional gambling sites. However, this article will give you six solid proofs of why crypto gambling sites are worth the hype.
1. They Keep You Anonymous
Some Canadians still feel gambling is a ridiculous act despite the prominence of casinos. Therefore, punters sometimes face stigma and partial neglect from their loved ones. The most significant stigmatization comes from financial organizations. These banks will do everything they can to protect the fiat currency. However, gamblers who use fiat currency may be labeled wasteful individuals by financial institutions.
Most banks have rules that restrict gamblers from qualifying for bonuses and loans. Picking out the gamblers was easy for them as many used fiat currencies to gamble. However, the case is different from cryptocurrency gambling. Transactions of the crypto casinos do not involve any fiat financial industry, and they keep you completely anonymous.
2. Fantastic Expectations
Fiat currency is outdated, and it does not have much to offer in the world anymore. The Uncontrolled printing of fiat currency is a solid reason why its purchasing power decreases from one year to another. For instance, $500 fiat today will not have the same value in the next 2-3 years.
Crypto offers reasonable expectations, and its purchasing power increases with time. For instance, Bitcoin was about $7000 in 2020, but two years later, in 2022, it is now around $47,743.
3. Exceptional User Experience
Crypto gambling websites have great interfaces with special categories and other entertaining features. Unlike the outdated pages of the conventional gambling platforms, crypto casinos make sure their pages are exciting and easy to use.
4. Lower Transaction Fees
Canadian punters have frequently complained about the excessive charges of the fiat casinos. Sadly, these charges have moved many to stop gambling entirely or stop playing casino games. However, Crypto gambling sites ensure their requirements are not always too demanding for their customers.
5. Bonuses & Other Benefits
Habitually, all gambling platforms provide their customers with whooping bonuses and rewards. However, crypto gambling sites endeavor to provide all the custom privileges with special promotions like BTC Bonuses or LTC Rewards. However, before expecting any bonus packages or promotions, ensure you have correctly read the contents of the terms and conditions.
6. Canadians Love a Reliable Customer Support System
The last reason for the popularity of crypto casinos in this article is the customer support center. Gamblers in Canada are now enjoying a support facility with respectable professionals. Responses to complaints and inquiries are speedy, and they are sure of solutions.
Conclusion
Reading this article will ease the curiosity of any Canadian gambler who does not fully understand the reason for the crypto casinos’ hype. This report has provided six startling causes why the crypto gambling sites are far superior to the conventional gambling platforms.
