Today, the Canadian casino gambling industry is split into crypto gambling sites and traditional currency casinos. Therefore, it is now up to these platforms to employ different tactics to attract new customers and keep their old ones. However, the massive surge of crypto gambling sites has caught many traditional bookies off-guard.
Undoubtedly, these sites are now faced with an uphill task to try and prove their importance to Canadian bettors. Lately, the tides have been swerving in the direction of crypto gambling sites, increasing the number of bettors joining these platforms. Furthermore, gamblers’ preferred choice of the forum depends on what these sites offer.
Nevertheless, with the world witnessing various changes, these bookies’ ability to adapt is crucial. For example, fiat currency worth is based on how prosperous a Country’s economy is, and this is out of the control of these gambling establishments.
When most Canadian bettors are faced with the option of choosing their most preferred platform, many go for crypto gambling sites. Therefore, this article’s primary purpose is to address the speculations regarding Bitcoin gambling sites’ superiority over conventional casinos.
Do I have to Gamble with any of the Popular Cryptocurrencies?
The crypto gambling industry is ruled by four major cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Tether. If you visit any Bitcoin casino in Canada, the abovementioned coins are always available for bettors to use. Also, there have been many new up-and-coming coins like Solana, and BNB, which bettors can use for casino gambling. Therefore, using any coins rests solely on the bettor’s preference.
Currently, crypto is everywhere, and bettors can see the adverts for its usage on various financial payment platforms. They can also see it online as it is one of the most discussed subjects on social media. Therefore, many gamblers have noticed the popularity of these coins and the many perks of betting on a Bitcoin gambling site.
Furthermore, gambling with these currencies provides an added benefit of a potential increase in value. These digital currencies are live, meaning they are traded consistently. This system offers a high tendency for their value to increase and decrease.
Do Conventional Casinos still have a future in the Gambling Industry?
Despite Bitcoin gambling sites taking all the attention so far in the Canadian gambling industry, we can’t yet write off conventional casinos. Most bettors who believe crypto gambling platforms are challenging to operate still use traditional fiat currency casinos. In addition, as long as fiat currency is still being produced and running, conventional casinos still have a future.
Also, many traditional casinos now allow cryptocurrency use on their platforms. The willingness of these bookies to incorporate these changes into their sites will go a long way in ensuring their longevity.
Why A Vast Majority Of Canadian Punters Prefer Crypto Gambling Sites To Conventional Casinos
The essential criteria in selecting a casino are based on what they can offer you. Most bettors are usually intrigued by what these bookies can give to them. Furthermore, gamblers are also interested in how these sites can provide a more enjoyable and profitable gambling experience. Therefore, we’ve discussed below some possible reasons why most Canadian punters prefer Crypto gambling sites.
● The Laws surrounding Crypto Gambling Sites are More Relaxed.
In Canada today, gambling with cryptocurrency is allowed in all its provinces, with a minimum age requirement of 18. Gambling laws surrounding Bitcoin gambling sites are pretty relaxed because it is a worldwide currency.
Furthermore, since gambling with digital money is anonymous, the government has no way of monitoring its operations. In addition, when traditional online casinos first started in Canada, the laws were so stringent. However, as of now, each province is now in charge of making and regulating its gambling laws.
● They Incorporate new Technology into their Platforms.
There is a massive gap in the operations of Bitcoin gambling sites and conventional casinos. Many of these new cryptocurrency-operated casinos adopt a futuristic design that is always enticing to bettors. Furthermore, most gamblers judge many gambling sites by their appearance or interface.
Therefore, if they feel the invention is not up to industry standard, there is a tendency they won’t register. Because of these approaches taken by crypto gambling sites, conventional casinos are now losing customers.
● Gambling on the Go is Possible.
The ability of a gambling platform to be able to operate on various electronic devices is essential. Nowadays, many gamblers prefer to gamble on their mobile phones or handheld devices because it is always on their person. Therefore, Bitcoin gambling sites are optimized for mobile, irrespective of their operating system, whether Android or IOS.
In addition, some top bookies in the industry also provide a mobile app option for their customers. Furthermore, these apps offer the same features as the mobile site and are usually easy to navigate.
● Availability of Pocket-Friendly Games like Slots.
Slots on Bitcoin gambling sites are usually the most fun gambling event in Casinos. Bettors are in charge of the amount they wish to bet. Many could start spins with low amounts, and as they progress, they increase their stake.
Therefore, Canadian bettors who do not believe in heavy staking or taking risks can benefit from these slot options. In addition, the top crypto gambling sites in Canada offer different categories of slot games that may suit their customers’ needs. Some of these crypto casinos have over 500 slots, which are readily available for their customers.
● Crypto Gambling Sites are Regulated and Licensed.
There is a certain relaxation attached to betting on a licensed bookie. The thought of knowing that you are safe promotes a more enjoyable gambling experience. Moreover, gambling in an unlicensed casino could be hazardous in many ways.
The presence of a gaming license shows that these sites are reputable and legal in the eyes of the law. Furthermore, they also regulate the casino’s operations to ensure that they benefit bettors. Some gaming licenses these Bitcoin gambling sites may operate are Curacao eGaming license and the United Kingdom gambling authority License.