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Will Cryptocurrency Slow Down iGaming Growth in Canada?

Written by: Coinpedia

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Coinpedia

Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

    Nov 22, 2021

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    The iGaming industry in Canada has experienced remarkable growth in recent times. The evolution of the internet contributed to the major break that the iGaming industry has suddenly experienced throughout the world. Before the internet era, players placed their bets at physical buildings. Also, lovers of horse racing placed their stakes on the best horse on the field. 

    However, the internet made it easy to place your bet as a Canadian player from anywhere. You can now make deposits and withdrawals using safe and secured payment methods. One of the payment options you can use is cryptocurrency. This article will explain all you need to know about how cryptocurrency has affected the growth of iGaming in Canada. 

    The Growth of the iGaming Industry in Canada

    In the early days of gambling, the Canadian authorities didn’t allow gambling in any region of the country. For most people that gambled, they had to do it at underground casinos. However, the laws have been relaxed to some extent to allow online casinos to operate freely in Canada. Players are now choosing to play casino games online because of the convenience that it offers. 

    To play online, all you need to do is to register and verify your account. Then, you can proceed to select any payment option you want to use. 

    For most players that are used to the old ways, embracing cryptocurrencies as a payment method can be hard. But, choosing Cryptocurrency as a payment option is simple. All you need to do is to make sure the casino accepts cryptocurrency for payment. Then, you have to choose the cryptocurrency wallet you want to use to make deposits or withdrawals.

    As a new Canadian player, you can check the online casino site for the steps to make payments using cryptocurrency.  

    How Has Cryptocurrency Affected the iGaming Growth in Canada?

    Truthfully, Cryptocurrency has helped the growth of the iGaming industry in Canada and other parts of the world. The major reason why most players choose to use cryptocurrency is that no one can trace your transaction with it. Additionally, Cryptocurrency allows players to maintain a higher level of anonymity than any other payment option.

    Top Canadian real money casinos accept cryptocurrencies as well as other safe and reliable payment methods. These cryptocurrencies include Bitcoin, Ethereum, Litecoin, Dogecoin, and Bitcoin Cash. 

    Conclusion

    Overall, we have been able to explain how cryptocurrency has affected the growth of the iGaming industry in Canada. Players can now place a bet at top online casinos in Canada using cryptocurrencies. Some of them include Bitcoin, Ethereum, and Litecoin. The good thing about signing up at crypto casinos is that you are not at risk of losing your personal information to hackers. 

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    Coinpedia

    Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

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