The primary aim of this guide is to provide Canadian gamblers with the excellent prospects associated with crypto gambling platforms over the regular fiat casinos. It is essential to let these punters know how cryptocurrency gambling has developed in the past few years.
This education has brought about many changes in the gambling industry. Many crypto gambling platforms have had to review their processes, procedures, and terms to allow cryptocurrency to fit in. This article will also discuss the top cryptocurrencies available in Canada.
Top Canadian Cryptocurrencies
There are loads of crypto available in Canada. Barely a day goes by without a new digital currency coming up as modern technology is now closer than ever.
It is also important to note that Canadian digital currency gambling platforms will not make all cryptocurrencies available on their platform. Instead, these crypto gambling platforms in Canada selectively choose and operate with those they deem fit.
Take a chill pill as this article discusses the top Canadian Cryptocurrencies available on every gambling platform.
- Bitcoin (BTC)
Bitcoin is the first digital currency asset created in 2008/2009 by an individual named Satoshi Nakamoto. It has developed over the years, and several people and countries have adopted its use. In addition, organizations have recently paid their workers with Bitcoin, and the value this digital currency carries can not be overemphasized.
However, Bitcoin is not stable; its stability is not encouraging. Its fall and rise happen unexpectedly, which is often highly discouraging. These days, it may cost a fortune to successfully own one Bitcoin as its value has risen beyond poor people’s reach.
On the other hand, Bitcoin is the first digital currency to surpass a one trillion dollar market. Factually speaking, its growth has, over time, shown no sign of stopping. Bitcoin is widely known all over Canada. It’s worth making digital currency gambling sites welcome its use with open hands. Moreover, Bitcoin is highly secured, having no history of hacking since its inception.
- Ethereum (ETH)
This coin is number 2 on the digital chart. It is the second most valued digital currency in the world. It is known as the silverware currency, as Bitcoin is the gold. Gavin Wood and Vitalik Buterin co-founded it in 2015. So far, so good; the value of Ethereum has vastly increased as the plus points became known to people.
Ethereum is very fast to use and has no time-wasting like the fiat. Transactions are within the time frame of 12 seconds. Moreover, It is undoubtedly one of the best options for deposit and withdrawal transactions.
However, Ethereum will undoubtedly take over the number 1 spot from Bitcoin one of these days. Therefore, the decision to buy Ethereum now is a good one, and It is highly recommended.
- Litecoin (LTC)
Charlie Lee, a computer scientist, was the founder of Litecoin in the year 2011. Its technicality is almost identical to Bitcoin (BTC) and has similar design details. Therefore, its function is identical to that of Bitcoin.
However, it has widely gained its reputation as one of the essential digital currencies through a surge in its market cap. Therefore, Litecoin is highly beneficial because of its small amount of transaction fees and fast deposit and withdrawal transactions.
Last but not least in our guide is Dogecoin. Billy Markus and Jackson Palmer pranked about it in 2013. However, recently, people have considered digital currency an asset. Moreso, Elon Musk, the owner of Tesla, has looked after the growth and promotion of the coin.
It is, however, essential to note that not all Canadian Cryptocurrency gambling platforms accept Dogecoin. Another likely issue with it is that; its supply is not limited, which may sprout to inflation.
The Excellent Prospects Associated With Crypto Gambling in Canada
There are pretty several digital currency advertisements going around now. Television screens, newspapers, radios, and all other means dispense the prominence of crypto from time to time. You are probably wondering if it is worth it.
We are glad to tell you that digital currency gambling is better than conventional gambling. Therefore, digital currency gambling is probably the future of gambling in general. As a Canadian, you need to read this article to discover a few of their prospects.
- Complete Privacy Protection
Canadians using gambling companies still, one way or the other, have to tread carefully even though the gambling industry is vastly growing.
However, with crypto, anonymity is assured. There is no need for Canadian gamblers to look over their shoulders. Digital currency gambling will bring the anonymity Canadians to crave to reality. All in and out transactions mainly occur outside the prying eyes of the banking system.
In addition to this, Canadians can anonymously register, deposit, withdraw and do everything their preferred gambling site has to offer safely without the external or internal influence of financial institutions.
- Crypto Will Eradicate Internet Theft
In Canada, using fiat currency for gambling is risky as they are prone to theft and computer hacking. Contrary to this, gambling sites with high reputations accept digital currency, which is relatively safer.
However, this is so because digital currency transactions are encrypted and the keys used are entirely private and extremely hard to break down. According to tech experts, credit and debit cards are more liable to decode than crypto assets.
- Consistent Creation of Website With Exceptional User Experience
Research carried out by experts in Canada over time has made it clear that people who use crypto gambling websites find them more entertaining than conventional gambling websites.
Additionally, Canadians who love to gamble are encouraged to embrace cryptocurrency casinos and leave conventional sites in the past where they belong.