Canadian Dollar Casinos
The Canadian dollar (sometimes shown as CAD, CA$, C$ or just $ if you are based in Canada) is one of the leading dollar-based currencies in the world. Once the plaything of only Canadians, Canadian dollars have since become one of the internet gambling world’s most widely offered, used and trusted currencies.
Canadian dollars make up 2% of the world’s reserves and regularly dukes it out with the Australian dollar to be the fifth reserve currency. The Canadian government’s stability and the economy makes the Canadian dollar a stable, trusted, and much-loved currency for investors and bettors alike.
Produced by the Bank of Canada, the currency first emerged in the 1850s, when Canadians debated whether to maintain a sterling-based system or to opt for the decimalised system used in the neighbouring USA. Because they opted for the latter, Canadian dollars are closely aligned with the US dollar. Today, CAD $1 is worth approximately USD $0.80 at any given time.
Casino List with CAD Currency
About the Canadian Dollar in Gambling
Officially, only Canada uses the Canadian dollar. However, Saint Pierre and Miquelon is often credited as being an unofficial region that supports the dollar. Moreover, as we enter the digital age, virtually anyone based anywhere in the world can choose to use CAD when wagering online. The Canadian dollar is akin to the US dollar in many ways. While it may not quite have the global reach that its famous southern neighbour does, you must not underestimate just how many international online casinos accept Canadian dollars as a valid option.
Almost all Curacao licensed casinos accept CAD deposits and withdrawals, and many will also offer an array of Canadian-friendly payment methods to support those transactions. On top of that, many of our recommended casinos also have promotions and bonuses that can be claimed using Canadian dollars. Most casino software (games and live dealer titles) can also be played using CAD bets and stakes.
Online Gambling in Canada
Online gambling falls into a grey zone in Canada. There are laws in place that specifically state that each region, territory, and province can only offer online gambling options to those registered or present inside the state. Therefore, a Canadian online casino in Ontario would not be permitted to provide gambling options to British Columbia players. However, these laws only apply to Canadian enterprises. They do not apply to offshore venues.
Because of this, there is no real law that prohibits Canadians from joining online casinos based internationally. This is where most CAD online casinos operate. Make no mistake about it; they still cater to players in Canada (legally) and are genuine Canadian dollar casinos in that they offer bonuses and promotions, not to mention payment methods in the CAD currency.
Advantages and Benefits of Using CAD in Online Casinos
Canadian dollars are naturally convenient for any gamblers based in Canada to use. You will already have a banking option that accepts the currency and, therefore, will not face any added conversion or exchange fees. On top of that, you will feel perfectly at home when betting online.
Moreover, most major payment providers online (and we will come to those in a moment) also accept Canadian dollars. In short, it is an easy currency to obtain and use when gambling online.
How to Choose the Best CAD Casinos
We take into consideration many things when choosing our top Canadian dollar online casinos. These include:
- Any top CAD online casino must accept Canadian dollars and have an array of payment methods that use them and provide you with an option to bet using this currency.
- All our recommended Canadian dollar casinos will feature promotions and bonuses that can be claimed using Canadian dollars.
- We only seek out online casinos that do not apply charges and fees when depositing or withdrawing using the CAD. Moreover, we also double-check to ensure that timely transactions are offered.
- Naturally, any online casino we recommend playing at must be licensed, regulated, and certified. Most Canadian dollar casinos are licensed out of Curacao, but they should also come supporting responsible gambling tools and policies and have an excellent track record for safety and security.
- Canadian dollar casinos can typically offer a wealth of games from two-dozen providers. We ensure that any casinos we choose do just that.
Popular Banking Methods with Canadian dollars
Canadian dollars are accepted by most leading payment providers and online casinos alike. While conventional e-wallets such as Skrill, Neteller and PayPal are not widely available to Canadian-based players, they do still permit CAD deposits and withdrawals if you are based outside of the country.
For Canadians living inside their homeland, there are other options available. Here are the best Canadian-friendly payment methods that you can use to deposit and withdraw with Canadian dollars at internet betting sites:
- Instant Banking (Interac, iDebit, Instadebit)
- E-Wallets (such as EcoPayz)
- Prepaid Vouchers (like Paysafecard and Neosurf)
- Cryptocurrencies (notable ones include Bitcoin, Litecoin and Ripple)
- Bank Transfers (via VISA and MasterCard)
The most popular Canadian dollar payment methods to use at CAD casinos are Interac, iDebit and Instadebit. These are custom designed for Canadians and are affiliated with Canadian banks. You must have a verified account at a participating Canadian bank to use them.
