Canadian Dollars Online Casinos

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Fortune favors the bold. One of the best things about playing in a Canadian dollar casino that accepts Canadian dollars is the value and exchange rate of the currency. The Canadian dollar is only 40 cents shy of the American dollar. This slight difference makes it one of the most valuable currencies in the market.

Best Casinos That Accept Canadian Dollars

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Play in Casinos with Canadian Dollars

You might have a misconception about playing in CAD casinos. Canada is one of the world’s best casino hubs. As such, the best CAD casinos make it easy for you to play and reap big by easing the processes that enable you to cash in and cash out. Using online casino Canadian dollars gives you incredible value for your money. You not only get to enjoy one of the best exchange rates available, but you also enjoy gaming on platforms that are highly rated by the top bodies in gambling.

High fees and commissions during currency conversion are a constant pain in the neck for casino players. You don’t have to worry about incurring such dents in your account either when depositing or withdrawing. Currency conversion doesn’t carry any additional fees and commissions. You maximize the value of your money to get more playing opportunities when you play Canadian dollar casino online.

Most casinos recognize the strength of the Canadian Dollar. That assurance is enough for the top casinos to open their doors to casino players willing to use the currency. You are not limited to a few countries. You can register in any casino online or in apps and gamble. It is also worth noting that these casinos have internationally recognizable payment systems that make money transfer a smooth process.

Payment Methods That Use Canadian Dollars

Like most players, you value your personal and financial security. However, Canadian casinos ensure that your online safety and the safety of your financial details are the least of your worries when selecting payment methods. Most casino sites accepting CAD avail multiple options that allow players to access finances and withdraw money. These options might be direct bank transfers, anonymous transfers, debit cards, and online payment methods ratified by the gambling house and financial oversight bodies.

In countries with limited payment options, players can use e-wallets, prepaid cards, and mobile payment methods to make payments. Some players might even go a step further and automate the payment process.

iDebit

CAD casino sites have developed financial systems that work for Canadians and international gamers who want to play at a Canadian joint. iDebit is a payment method that allows users to pay for services directly from their bank account. It is a safe method with zero sign up fees. The casino systems will give you an automatic confirmation of successful CAD casino deposits. They, however, might take only a few days to reflect on your bank statement.

There are advantages to using iDebit as a payment method in online casinos.

  1. Guaranteed online security

iDebit has a robust encryption system that ensures all your customer and financial information remains safe. You do not have to worry about your information leaking to rogue third parties. Only the bank has access to your information.

  1. Anonymity

iDebit service providers recognize the need for privacy in some transactions. As such, iDebit does not show any casino transactions in your banking statements. While all your deposits and withdrawals will be confirmed by the casino, your statement will not show the history of your gambling transfers.

  1. Cardless transaction

You do not need a credit card to use iDebit. It links directly to the bank and processes the payment in real-time. Depending on the speed of both systems, transactions are complete instantly, ensuring you can start gaming as soon as payment is confirmed.

You can use iDebit as an e-wallet for all your casino transactions. It is accepted in about 30 countries, some of which as casino hubs. For withdrawals, you might need to check with the banking institution to certify that they accept iDebit as an option.

Interac

Interac is one of the oldest payment methods in Canada. It is a trusted payment method that operates through direct linking to the bank. It has been around since 1984. Canadian dollar online casino players can sign up easily and start earning bonuses and playing in online casinos. Your bank must be part of the financial institutions that allow Interac transactions.

Depositing with Interac is a quick process that charges a standard C$1.5 fee. Contrary to other financial institutions, the fee does not change based on the amount you deposit. The fee remains the same whether you deposit a humble sum to start you off or decide to spend big.

Getting started with Interac is easy. Once you log in to the casino, the Cashier section should lead you to add Interac as a deposit method for your bank. You will then be redirected to your online banking page where you will have to go to the Send Money option. Select the appropriate bank option and enter the amount you would like to deposit. The money will be transferred immediately to your online casino, and you will receive a confirmation. Since the process is quite fast, you can start playing as soon as you are certain the money is in your online casino account.

If you play and win in a Canadian dollar online casino, you can make casino deposits with CAD or withdraw money and send it to your Interac account or your bank account. Payments and withdrawals are all made in Canadian dollars.

These are some of the upsides of using Interac.

    1. Security is guaranteed. If your bank offers secure access and encryption, the encryption on Interac’s end makes it twice as secure and safe to transact.
    2. Speedy response time in transactions and customer care.
    3. You can access the Interac payment system through any means as long as you have a stable internet connection.
    4. It is acceptable within most Canadian banks.

You can stop transactions by answering the status message in your internet-enabled device.

InstaDebit

InstaDebit was once only open to Canadian citizens. However, as online gambling grew, it became a safe and secure method of transaction for other players are well. Now, it is easy to deposit and withdraw money when you want to gamble with CAD. It is currently among the top-rated payment methods for a casino accepting CAD deposits.

InstaDebit has a few advantages.

    1. Details of your transactions remain confidential. If you are keen on maintaining your financial privacy, InstaDebit is a perfect option to process all your casino transactions. You do not even have to input any financial details on the casino platform.
    2. You don’t incur any charges when you open an InstaDebit account. However, there are currency conversion fees. Fortunately, they are not exorbitant, and you will still have a big chunk of the initial sum.
    3. Data security is a top priority on InstaDebit. It uses a 128-bit encryption system to ensure any data exchanges are secure. InstaDebit also uses the IdentifyTM system to verify customer bank details.
    4. Transactions are instant. You will get confirmation on the casino end. You can start gaming as soon as your deposits are confirmed.

To make a deposit using InstaDebit, you must register through a quick registration form. The Identify system reads your account number and casino registration details and verifies their authenticity. Once you are set up, you can make your first deposit by going to the casino payment options and selecting InstaDebit.

Withdrawals are as easy as deposits when you use InstaDebit. Choose withdrawal in the cashier section. Select InstaDebit. Enter your identification details and withdraw your money. The transaction should take 3 to 5 business days to reflect on your account.

How to Make Deposits in CAD Casinos

Deposits are an integral part of the Canadian dollar casinos online experience. If you have foreign currency and you would like to play in casinos accepting Canadian dollars, you have to convert the currency you hold to Canadian dollars. Most third parties that handle the financial transactions of online casinos in Canada have friendly exchange rates and zero commissions or fees on conversions.

The first step to making a deposit is to find online casinos that accept CAD. This should be an easy step since most casinos accept the Canadian dollar. You can sieve through the available ones using your preferred advantage. You can check the ones that give the biggest deposit bonuses. You can also use payment methods to filter the casino at which you want to try your luck. Your choice of a casino will set the pace for the experience you get. It is advisable to go for casinos with strongly positive reviews or a bigger online presence. This is because most of them have been verified and have robust systems in place to secure player data and transactions.

You need to pick a payment method that works for you. Instadebit, Interac, Neteller, iDebit, and EcoPayz are some of the most popular payment options. They offer quick and transparent transactions in the online casino Canadian dollar. You can also use cryptocurrency if you’d like to maintain full non-disclosure. Some reputable casinos accept Bitcoin as a deposit option. You would have to convert your Canadian dollars into BTC. If the casino also favors BTC withdrawals, you are in luck.

Payment methods are available in the cashier section of the online casino. You need to select the most suitable option in that section. Enter your details and financial information. Typically, the system will only prompt you for your account number. Input the deposit amount that you would like to put in. Online casinos don’t have a cap on how much you can deposit. If you are a beginner, you can start with as little as C$10. However, it would be less hassle if you deposited a larger amount to make sure you can play any time you want after the first deposit.

CAD Casino Bonuses

Bonuses are the hallmark of many great casinos. You can view bonuses as an extension of good faith between you and a casino. Most Canadian dollars casinos use bonuses to attract players to the platform. There is no standard figure for bonuses. The casino decides the welcome bonus they can award to new entrants. You can use that to evaluate the best CAD casino. You might find the least amount being offered as a welcome bonus is C$ 500. This is a tidy sum for someone who wants to wet their feet in online gambling before diving in and trying their luck at slots or tables.

If the bonus is not enough, free spins are another bonus that online casinos offer. Free spins are an easy way to make some money in the casino to start you off. Some casinos give you as much as 150 free spins to get you going. One of the best ways to use bonuses is to go for the easy games that do not require too much strategy. Most of these games have simple rules. Play them to accumulate more money before you play.

However, you need to check the terms and conditions of the bonuses. If you win, you cannot withdraw the money without meeting a few conditions. To claim the money you win, you must stake a wager. Often the wager is set at a certain percentage. For example, you need to stake 20 times the bonus wagered. If the bonus was C$50, your wager requirement becomes C$1000.

Check the casino’s terms and conditions to know what to do with the bonus so you can get the most value out of it. The details are often in the fine print.

History of Canadian Dollar

In the early 1600s, Canadians traded using beaver pelts, moose skin, and wheat. The French who took over Canada were using playing cards as currency. Due to their influence, it meant that Canadian traders also used playing cards. However, the population did not like this idea since playing cards were open to manipulation. Fast forward to 1722 and the introduction of copper coins made trade a lot more standardized. It wasn’t until 1817 when the Bank of Montreal printed the first banknotes that became Canada’s official paper currency. By 1841, the value of the Canadian currency – then known as a pound – was estimated to be USD $4.

Canadians were demanding a parity system in line with the American currency. The British, however, remained adamant that their territories keep using the pound. In 1853, after a parliamentary discussion, the value of the Canadian dollar was pegged on the Gold Standard, and its value was estimated to be about the same as the American dollar.

Still, Canada was not a united territory. Areas such as Newfoundland, Nova Scotia, and New Brunswick had adapted a different system that valued their currency using the Spanish Dollar. However, in 1867, the territories joined each other to form what came to be known as the Dominion of Canada. In 1871, the Uniform Currency Act replaced all the currencies in the various provinces with the Canadian Dollar, making it the medium of exchange in the new territory.

In the 1930s during the Great Depression, the Federal government of Canada passed the Bank of Canada Act. The back passed notes that varied in value from one dollar to one thousand dollars. It planned to replaced each issue every 10 years to reduce counterfeiting. At this time, Canada was using a fixed system. However, the Bretton Woods System required that all currencies trade at a rate of around 1%. Canada was hit by a wave of unemployment, causing them to go back to a fixed system.

The Nixon Shock came in the 1970s. This canceled currency conversion to gold. Canada now had to adapt to the order, and its value has risen and fell according to the value of the US Dollar since the Nixon Shock.

Presently, you can convert any currency into Canadian Dollar and carry out online casino CAD transactions. You can deposit Canadian dollars, play, win, and withdraw your money safely online.

FAQ

FAQ

🍁 What is the main benefit of using Canadian Dollars in casinos?

The Canadian dollar is a strong currency accepted in most casinos. You can exchange any currency with Canadian dollars and maintain financial anonymity using systems that accept Canadian currency.

🍁 What deposit methods are available in CAD casinos?

CAD casinos offer a range of payment methods that allow you to deposit money and play. Some of the most common and secure methods include InstaDebit, iDebit, Interac, Neteller, and BTC.

🍁 Do I have to pay transaction fees?

Although not all payment platforms deduct fees from your casino transaction, the payment options that deduct fees do it from your account. You will be notified of any transaction fees are incurred.

🍁 Is it legal to play in Canadian Dollar casinos?

Yes, it is legal to play in Canadian Dollar casinos. Canada has laws that govern gambling. It also has globally recognized bodies that issue licenses to online Canadian Dollar casinos.