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Online Sportbook Sites In Canada That Accept Cryptocurrencies

When it comes to using cryptocurrencies in Canada, the law is in two minds. On the one hand, there are consumer bodies whose duty is to protect customers. On the other hand, cryptos are not recognised as legal tender. But if you're a sports bettor, then you'll find that the vast majority of online sportsbooks in Canada will e happy to let you both deposit and withdraw in cryptocurrencies. Just be sure of the sportsbook's reputation. So you don't lose your cryptocurrency funds,

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Betting With Crypto At Online Sportbook Sites In Canada

Over the last couple of years, we’ve seen more and more online sportbook sites in Canada. Many are willing to accept cryptocurrencies as a legit form of payment. Though the trend started with the daddy of all cryptos, Bitcoin. Yet you can now pay with any number of tokens. These include Ethereum, Litecoin, Doge and Bitcoin Cash, amongst many others. Nevertheless, keep in mind that this is a very new and somewhat technical payment option. So it’s essential that you do your homework before you dive in. After all, the last thing you want is to pick a payment option which leads to problems and issues further down the road.

The Reputation Of Online Sportbook Sites In Canada

In this day and age of social media reviews, it’s essential for a business to maintain and grow a great reputation. So, if for example, an online sportbook site in Canada that accepts cryptocurrencies for gambling has refused to pay out winnings, then this would show in its online reviews. You have to keep in mind that one of the blessings and problems of cryptos is that there is no central authority. No government body to oversee and regulate them. This means that if any online sportbook sites in Canada decide to hang on to your cryptocurrency and not let you cash out, technically there’s nothing you can do about it. So always take your time to check unaffiliated review sites.

Payments Offered By Online Sportbook Sites In Canada

If you’re going to be making crypto transactions on any online sportbook sites in Canada, then there are a few questions you should always ask yourself beforehand. The first is how long it takes to make both deposits and withdrawals. Secondly, you need to know that it accepts all the most popular cryptocurrencies. And finally, you need to look at both the deposit and withdrawal limits.

Variety And Quality Of The Website

Before you dive in and send some credit from your wallet into your online sportbook account, have a look and see that the website offers you enough sporting options to keep you entertained. After all, there’s no point in finding a website that allows you to bet on the football jackpot, only to discover that the types of sports betting on offer are very limited. In cases such as these, you may get bored very quickly. So don’t be afraid to take a deeper and more thorough dive and investigate the site’s attributes, including quality, betting odds, game quantity, and if there are any special features or jackpot games. It’s also worth taking a look at the overall quality of the site in question. If you can’t find what you’re looking for, then don’t hesitate to contact customer support.

Bonuses And Other Benefits

You’ll find many online sportsbook bonuses in Canada. These act as both rewards and incentives for new and existing players. Many sportbook sites in Canada will also give special treatment to those customers who pay with cryptocurrencies. This is because using crypto has much fewer fees and costs associated with it when compared to using more traditional banking methods. Thus the online Canadian sportbook is able to pass on more benefits to those who are utilizing cryptocurrencies to fund their online accounts. For example, 22Bet Sportsbook will give all new players a generous welcome bonus of 100% up to C$300!

Here at Jackpotfinder.com, we consider it an essential element, that before you join any new sportbook website, you thoroughly read through the bonus terms and conditions. This is where you’ll discover if there are any strings attached to the bonuses. Believe us when we tell you that there will be plenty of restrictions in place as a default setting. Online sportbooks don’t have the habit of simply giving away something without demanding something else in return from the player. Things to watch out for include wagering requirements and time limits within which the bonus must be played through.

Customer Support At Online Sportbook Sites In Canada

All the top and most reputable Canadian sportsbooks will offer top-notch customer support. When you first see the home page of an online sportsbook, you’ll see that it looks very inviting and flashy. This is all well and good, but it’s just the design. What matters more, especially with a public-facing business, is how they treat their customers when they have a problem or issue that needs solving. We suggest that you only ever utilise an online sportsbook that offers you a high-quality customer support service. To discover the quality of customer service, simply give them a ring. Hopefully, you are met with a professional and helpful operator. One who speaks your language and understands your problems. If so, then you’re good to go.

Canada’s Take On Cryptocurrencies And Gambling Websites: Are They Legal?

If you happen to be a Canadian resident, then it’s perfectly legal to use any online sportbook sites in Canada online that accept cryptocurrencies. In fact, going further than many other countries, Canada offers you legal protection if you make payments using crypto. Having said that, the Canadian government does not consider them legal tender. One of the results of this is that you cannot use cryptocurrencies to pay the Canadian revenue agency any taxes you might win from betting. It’s a strange situation. Because if you make profits from utilizing digital currency. because the currency itself is not recognized, then you still must pay taxes on your winnings. During the tax year, you will have to fulfil your profit and loss accounts.

Right now, there’s a raft of legislation when it comes to exchanges. Meaning it’s more of a headache when dealing with crypto tokens or coins. Unfortunately, this means that many merchants will not accept payments with crypto. We guess that for sportbook sites in Canada, like 22Bet Sportsbook, crypto is just another convenient method to help them boost their profits. Even though crypto use is minuscule when compared with other funding methods like e-wallets and credit cards. keep in mind that how you pay, whether with credit card or crypto will not have any effect on your jackpot winning chances.

Where To Purchase Crypto For Sportbook Sites In Canada?

The best place to buy cryptocurrencies is on exchanges. And all of these exchanges which offer business services in Canada will fall under governmental regulation. This means that in order to process funds, exchanges need to comply with rules and laws within the Canadian jurisdiction. In June 2020, a new law came into being that mandated cryptocurrency exchanges to register with FinTrac. This is the Canadian equivalent of the SEC. They’re responsible for looking into any forms of financial misconduct. Of course, many fans of crypto will decry any form of regulation. But we feel that having a high level of security is much better for all customers. After all, you’re betting in the hope to win the jackpot online, not worrying about the reputation of the Canadian sportbook site you’re using.