Sam is a casino fanatic with nearly a decade of experience working in the iGaming industry. Sam started as a sports betting analyst who now covers the ins and outs of online casinos, sportsbooks and more for esteemed publications like Sports Casting.
Get to know Sam Wilffred betterDavid has over 25 years of experience as both a writer and editor within the betting/newspaper industries, working with major publications such as The Guardian, Racing Post and Sky Sports Racing. With a diploma in sub-editing and law, and the author of four books, David now shares his knowledge with SportsCasting as a successful sports editor, writer and tipster.
All posts by David MyersLooking for the best crypto and Bitcoin sports betting sites in Canada? Whether it’s Bitcoin, Ethereum, Litecoin, or another type of cryptocurrency to bet on sports online, our sports experts review all the top crypto betting sites in Canada.
So, stay tuned and discover more about the best Canadian betting sites and the features they have to offer, including special sportsbook promotions specifically for those planning to participate in sports betting with crypto.
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List of the Best Online Crypto Sports Betting Sites in Canada
- CoinPoker – The No.1 Best Crypto Site for Anonymous Sports Betting in Canada
- Betpanda – Best Bitcoin Sportsbook for Live Betting in Canada
- TG.Casino – Largest Crypto Sports Betting Site on Telegram For Canadians
- BC.Game – Canada’s Leading Sports Betting Site for Experienced Crypto Users
- Cryptorino – Crypto Sportsbook with the Largest Variety of Markets in Canada
- Betplay – User-Friendly Crypto Sportsbook With Competitive Odds for Canadians
- Wild.io – A Crypto Sports Betting Site with the Best Browser-Based Interface
- Instant Casino – Canada’s Best Crypto Sportsbook for Soccer Fans
- Lucky Block – Widest Range of Promotions for Canadians
- Mega Dice – The Premier Crypto Sportsbook for Impressive Welcome Bonuses
Top 5 Bitcoin & Crypto Sportsbooks for Canadian Players Reviewed
Each of the crypto betting sites we’ve listed for you above meets our strict approval standards and is a great option for sports bettors in Canada. Check out the five best crypto sports betting sites for Canadian bettors below so you can make an informed decision.
1. CoinPoker – The No.1 Best Crypto Site for Anonymous Sports Betting in Canada
Established 2017 License Curaçao eGaming Authority Headquarters Spain Number of Sports 25+ Payment Methods Cryptocurrency List of Cryptos USDT, CHP, ETH, BTC, POL, BNB Customer Support Live chat: 24/7
Email: [email protected]Mobile App Available Yes, iOS & Android + site is mobile browser-optimized Verdict 9.8/10 CoinPoker is a mobile-only sportsbook that protects betting fans via the inherent anonymity of its blockchain-based platform. Bettors enjoy secure instant transactions with no KYC procedure to complete. Unlike most online betting sites, CoinPoker’s sportsbook is only available through its dedicated Android & iOS apps.
The sportsbook offers a wide range of sports and betting options, including moneyline, futures, props, and spreads. CoinPoker also offers surprisingly favorable odds on the US major leagues like the NBA, MLB, NHL, and NFL.
Great news for Canadians! The sportsbook pays particular attention to ice hockey and not only covers the NHL, but also the KHL, SHL, AHL, and most other top leagues across the globe. It delivers real-time odds on most live events, with a full range of early cash-out options released mid-game. Detailed statistics are available pre-game to analyze the latest player, team news and updates.
It’s important to note that CoinPoker does not offer live streaming options but allows VPN connections. CoinPoker offers a variety of generous ongoing bonuses, like Copa America, the Irish Poker Festival, regular boosters, Monster Stack Madness, and a daily prize pool.
CoinPoker sports bonus:
Bonus name Bonus amount Promo code Rollover Minimum deposit Cryptocurrency accepted? Casino Welcome Offer 150% up to $2,000 N/A 2x $10 ✅ What CoinPoker does well
- RNG blockchain integration ensures fairness
- Anonymous registration
- Community-focused, player input welcomed
What CoinPoker could do better
- CHP token fluctuation affects in-game purchasing
- Limited number of promotions
2. Betpanda – Best Bitcoin Sportsbook for Live Betting in Canada
Established 2023 License Costa Rica Headquarters Costa Rica Number of Sports 45+ Payment Methods Cryptocurrency List of Cryptos BTC, ETH, LTE, BNC, USDT, +8 others Customer Support Live chat 24/7
Email: [email protected]Mobile App Available Yes, iOS & Android + site is mobile browser-optimized Verdict 9.7/10 We rate Betpanda as an excellent choice for Canadian sports betting enthusiasts. Its crypto-only platform ensures secure and anonymous transactions without the need for KYC procedures. The sportsbook covers a wide range of sports, from major leagues like the NBA, NFL, and MLB to niche markets such as Aussie rules, darts, and Gaelic hurling with competitive odds, especially for US major leagues. Your betting options include the standard money lines, futures, props, spreads, and a wide variety of specialties.
Betpanda pays particular attention to major international sports events, offering real-time odds updates for live events and early cash-out options during most major events. Canadian hockey fans are spoilt with extensive coverage of the NHL, KHL, Liiga, Extraliga, SHL, DEL, VHL, and 1.Liga. Essentially, you can bet on all major hockey games throughout each season across the globe. Detailed pre-game stats allow sharp bettors to make well-informed decisions.
Betpanda offers simulated live streaming for major events and allows VPN connections, enhancing accessibility for users worldwide. The platform offers no less than seven generous ongoing promotions to keep bettors engaged.
Betpanda sports bonus:
Bonus name Bonus amount Promo code Rollover Minimum deposit Cryptocurrency accepted? Casino Welcome Offer 100% up to 1 BTC + 10% weekly cashback N\A 2 X 40x No minimum deposit required ✅ What Betpanda does well
- VPN & Crypto friendly for anonymity
- Fast payouts & no fees
- Huge range of sports
What Betpanda could do better
- High minimum bet limits on some markets
- Limited withdrawal options
3. TG.Casino – The Best Online Crypto Sports Betting Site Overall
Established 2023 License Curaçao eGaming Headquarters Curaçao Number of Sports 30+ Payment Methods Cryptocurrency List of Cryptos TGC, BTC, ETH, USDT, + 5 others Customer Support Live chat 24/7
Email: [email protected]Mobile App Available No, site is mobile browser-optimized Verdict 9.5/10 Under normal circumstances, Canadian betting sites would force you to prove your identity before you can create an account. Not TG.Casino. This is one of the few Telegram-based crypto sportsbooks, and it’ll allow you to place sports bets anonymously. In fact, you won’t even need to set up an account.
That is far from the only reason you should consider TG.Casino, though. It’ll also provide you with access to betting options for over 30 sports, including domestic and international sports. It even has an online casino for crypto users chock-full of hundreds of games, such as online slots, blackjack, and roulette.
But the best part about TG.Casino is all the different forms of cryptocurrency it accepts. It’s one of the best crypto betting websites in Canada because it allows sports bettors to make lightning-fast deposits and withdrawals with Bitcoin, Ethereum, Litecoin, Tether, and even the TGC token, which is native to this particular sportsbook.
If there’s one snag about TG.Casino, it’s that the site doesn’t extend a welcome bonus specifically for sports bettors. You can earn a 200% match up to 10 ETH on your first deposit, but it’ll only apply to those playing online casino games.
TG.Casino sports bonus:
Bonus name Bonus amount Promo code Rollover Minimum deposit Cryptocurrency accepted? Casino Welcome Offer 200% match up to 10 ETH N/A 10% of bonus released per 6x wagered $25 ✅ What TG.Casino does well
- Offers anonymity to those using crypto to bet on sports
- Provides a huge selection of sports betting options
- Accepts a variety of different types of cryptocurrency
What TG.Casino could do better
- A welcome bonus exclusive to sports bettors
- Produce more resources to explain the proprietary TGC token
4. BC.Game – The Leading Sports Betting Site for Experienced Crypto Users
Established 2017 License Curaçao eGaming Headquarters Curaçao Number of Sports 40+ Payment Methods Cryptocurrency, Credit Cards, Bank Transfer, e-Wallets List of Cryptos BTC, ETH, DOGE, XRP, ADA, + 13 others Customer Support Live chat 24/7
Email: [email protected]Mobile App Available Yes, iOS & Android + site is mobile browser-optimized Verdict 9.4/10 BC.Game is an excellent choice for Canadians who want the anonymity afforded by crypto sports betting sites without cumbersome KYC procedures. The sportsbook features an impressive range of sports, ranging from Canada’s beloved CHL and CFL to the NHL, NBA, NFL, MLB, and many more. Hockey fans can dive into a deep pool of alternate leagues like the Liiga and KHL, ensuring you can bet on every puck drop and power play. Let’s not forget the holy grail, the Stanley Cup, where all betting options are always front and center, reflecting the national passion for the game.
For Basketball fans, action-packed Toronto Raptors games are a bet a minute, and football fans can wager on the Toronto Argonauts and other CFL teams. Don’t forget niche markets like Gaelic hurling and darts, with competitive odds that will keep you on the edge of your seat. Betting options include money lines, futures, props, spreads, and more. Real-time odds updates for live events and early cash-out options during major matches make it easy for bettors to stay agile.
To keep the excitement flowing, BC.Game features over fifteen promotions offering generous bonuses to ensure you always have something to look forward to. A veritable smorgasbord of banking methods, together with a VPN-friendly platform, means BC.Game is a welcoming hand for Canadian bettors.
BC.Game sports bonus:
Bonus name Bonus amount Promo code Rollover Minimum deposit Cryptocurrency accepted? Deposit Bonus 4 deposits 180% – 360% up to $220,000 BCD N/A 40x $10, $50, $100, $200 ✅ What BC.Game does well
- Accepts almost 20 forms of cryptocurrency
- Provides a big list of sports betting markets
- Offers a unique four-part welcome bonus
What BC.Game could do better
- Begin providing 24/7 customer support
- Post more resources to break down the proprietary BCD token
5. Cryptorino – Crypto Sportsbook With the Largest Variety of Markets in Canada
Established 2024 License Costa Rica Headquarters Costa Rica Number of Sports 45+ Payment Methods Cryptocurrency List of Cryptos BTC, ETH, LTE, BNC, USDT, + 8 others Customer Support Live chat 24/7
Email: [email protected]Mobile App Available No, site is mobile browser-optimized Verdict 9.2/10 Cryptorino is one of the best sportsbooks and crypto casinos in Canada that ensures ultra-secure and private transactions, eliminating the need for cumbersome KYC procedures. The sportsbook boasts an extensive selection of sports, ranging from betting on popular leagues like the NHL, MLB, CFL, NFL, and NBA to more niche markets such as rugby, lacrosse, and cricket, all with competitive odds, particularly for North American leagues. Your betting options include the usual money lines, futures, props, spreads, and a variety of specialties to keep things interesting.
Cryptorino excels with its coverage of major international sporting events, offering real-time odds updates and early cash-out options for most marquee events. Hockey fans, get excited! The platform offers unparalleled coverage of all hockey leagues across the globe, allowing you to bet on every major game throughout the season. Detailed pre-game stats encourage well-informed decisions, perfect for wiley bettors.
For those who love live action, Cryptorino offers simulated live streaming for major events and supports VPN connections. Attractive ongoing promotions include cash drops, weekly free bet, games of the week, and weekend spins to keep you engaged. Whether you’re betting on the Toronto Maple Leafs at the Scotiabank Arena or keeping an eye on the Stanley Cup odds, Cryptorino has you covered.
Cryptorino sports bonus:
Bonus name Bonus amount Promo code Rollover Minimum deposit Cryptocurrency accepted? Casino Welcome Offer 100% up to 1 BTC + 10% weekly cashback N/A 2 X 40x No minimum deposit required ✅ What Cryptorino does well
- Anonymity & no KYC procedure to complete
- Instant fee-free crypto transactions
- Live-streamed match simulation
What Cryptorino could do better
- Limited time to meet high bonus rollover
- Occasional technical issues
Comparing the Top-Rated Online Crypto & Bitcoin Sportsbooks in Canada
Having a hard time keeping up with what each of our favorite Bitcoin sports gambling sites in Canada brings to the table? Check out our easy-to-scan chart below to make sense of all the different Bitcoin sports betting sites, including those rounding out the top 10 that we didn’t delve into above.
Sportsbook Sign-Up Bonus No. of Sports To Bet On Live Sports Betting Cryptos Accepted Betting App Best for CoinPoker 150% up to $2,000 25+ ✅ USDT, CHP, ETH, BTC, POL, BNB ✅ Bettors wishing to maintain anonymity Betpanda.io 100% up to 1 BTC + 10% weekly cashback 45+ ✅ BTC, ETH, LTE, BNC, USDT, +8 others ✅ Ongoing promotions TG.Casino 200% up to 10 ETH (casino only) 30+ ✅ TGC, BTC, ETH, USDT, + 5 others ❌ Telegram users BC.Game 180% to 360% up to 220,000 BCD 40+ ✅ BTC, ETH, DOGE, XRP, ADA, + 13 others ✅ Obscure crypto token holders Cryptorino 100% up to 1 BTC + 10% weekly cashback 45+ ✅ BTC, ETH, LTE, BNC, USDT, + 8 others ❌ User-friendly betting tools Betplay 100% up to 50,000 micro-bitcoins 15+ ✅ BTC, LTE, XRP, ETH, USDT, + 6 others ❌ Soccer & US major leagues betting Wild.io Up to a 350% + 200 Free Spins 40+ ✅ BTC, BCH, ETH, LTC, XRP, TRX, ADA ✅ Desktop sports bettors Instant Casino 10% weekly cashback 45+ ✅ BTC, LTE, DOGE, XRP, ETH, + 7 others ❌ Juventus supporters Lucky Block 200% up to $25,000 + 50 Free Spins 35+ ✅ BTC, ETH, DOGE, + 7 others ❌ Live sports betting enthusiasts Mega Dice 200% up to 1 BTC + 50 Free Spins + Free Sports Bet 35+ ✅ BTC, BCH, LTC, DOGE, ETH, USDTE, + 13 others ❌ Largest welcome bonus How We Select the Best Sports Betting Sites in Canada That Accept Bitcoin
When it comes to how we rank gambling sites, we do more than just pull our picks out of thin air. Instead, we carefully considered many key factors, such as which sportsbooks accept Bitcoin, Ethereum, Litecoin, and other types of crypto. Take a look at what went into choosing the top crypto sportsbooks below.
- Range of Cryptocurrencies: Crypto wagering sites can’t accept every currency, but we’ve tried to include only sites that offer various options to those taking part in sports betting with crypto. Unless you invest only in the most obscure or up-and-coming digital currencies, you’re sure to find a reputable Bitcoin betting site.
- Payout Times: You don’t want to have to wait days or even weeks for payouts from crypto betting websites, right? For this reason, each of the betting sites in Canada listed here offers fast payout times, often within a matter of just hours.
- Licensing: The crypto gaming sites in Canada that appear here haven’t been licensed by Canadian provinces, but that doesn’t mean they aren’t licensed at all. They’ve secured licenses in places like Curaçao to ensure they’re legit.
- Bonuses and Promotions: Almost all crypto sports betting sites available to Canadian sports bettors offer bonuses, but these aren’t all created equal. Make sure you select a Bitcoin sportsbook that’ll extend a generous welcome without too many wagering requirements.
- Customer Service: If you ever have a question for one of the sports betting sites that accept Bitcoin, Ethereum, Litecoin, etc., you shouldn’t have any trouble touching base with its customer service department. All our recommended sportsbooks have top-tier customer support departments.
- Depth of Markets: The more betting markets a crypto online sportsbook can provide, the more fun you’ll have while placing sports wagers. We’ve only listed crypto sports betting sites that have plenty of markets to choose from.
- Mobile Interface: Unfortunately, most crypto and Bitcoin sports betting sites in Canada don’t have dedicated apps. But the ones we’ve handpicked have mobile-optimized platforms that’ll make you feel like you’re using apps when placing sports bets.
- Range of Sports: Most crypto sports betting sites can offer competitive odds on major sports, such as hockey, basketball, and baseball. But how many of them can you use to bet on sports like water polo? They’re the sportsbooks we sought out for this list.
- Safety: Above all else, we want you to feel safe and secure when logged into crypto sports betting sites in Canada. We’ve chosen sportsbooks that encrypt transactions and take other important steps to keep your personal information under lock and key.
Bonuses & Promos Available at the Best Cryptocurrency & Bitcoin Sportsbooks
One of the biggest benefits of joining one of our top crypto betting sites in Canada is that they won’t usually subject you to the same fees as fiat users must pay. They also go the extra mile by extending bonuses created specifically for those who use Bitcoin, Ethereum, Litecoin, and other types of crypto.
Here are several types of bonuses you can collect at a top betting sites that accept crypto:
- Welcome bonuses: When you first sign up for an account with one of the best Bitcoin betting sites in Canada, they’ll give you a welcome bonus. It’s often the most lucrative bonus you’ll receive from a crypto online sportsbook since it’s designed to draw new players in and make them want to register. Take full advantage, as many will provide you with match bonuses worth 100% of your initial deposit or more.
- Reload bonuses: While welcome bonuses are reserved for new crypto sportsbook members, reload bonuses are set aside for more experienced sharp bettors. They’re not always as lucrative as welcome bonuses, but many will still give you access to large match bonuses.
- No-deposit bonuses: You’ll need to deposit money into an account on a Bitcoin betting site in Canada to get a bonus in most cases. The rare exception is when you receive no-deposit bonuses from sportsbooks that don’t require adding money to an account. While these are often small by comparison, it’s worth taking advantage of them when available.
- Free bets: The crypto betting sites in Canada that are truly the best of the best will provide sports bettors with free bets every so often. They might drop these free bets into your account after you suffer a bad beat or when you haven’t placed any bets in a few days.
- Casino-only bonuses: Some Bitcoin betting sites that offer sports betting in Canada come with online casinos. They also offer casino-only bonuses in certain cases. You can use these bonuses to play slots, table games, and more at sportsbooks in between sports bets.
Many crypto betting sites automatically credit your account with bonuses when you qualify. However, you might also need to enter promo codes before making deposits in some instances. Check to see whether you need promo codes in advance to avoid missing out on bonuses.
Comparing Sign-Up Bonuses at the Top Canadian Crypto Sportsbooks
An easy way to decide which of the best crypto wagering sites in Canada you should patronize is by comparing the sign-up bonuses they all offer. Choose one that can extend a generous offer without including too many wagering requirements. Browse the bonuses offered by the best crypto sports betting sites in the chart below.
Sportsbook Sign-up bonus Promo code Rollover Minimum deposit Expiry date CoinPoker 150% up to $2,000 N/A 2x $10 N/A Betpanda 100% up to 1 BTC + 10% weekly cashback N\A 40x No minimum deposit required 7 days TG.Casino 200% match up to 10 ETH (casino only) N/A 10% released per 6x wagered $25 14 days BC.Game 180% to 360% up to 220,000 BCD N/A 40x $10 30 days Cryptorino 100% up to 1 BTC + 10% weekly cashback N/A 40x No minimum deposit required 7 days Betplay 100% up to $1,000 N/A 80x $1 30 days Wild.io Up to a 350% match + 200 free spins N/A 40x $20 7 days Instant Casino 10% weekly cashback N/A No rollover $35 N/A Lucky Block 200% up to $25,000 + 50 free spins N/A 60x $20 14 days match bonus & 7 days free spins Mega Dice 200% up to 1 BTC + 50 free spins + free sports bet N/A 60x $20 14 days Online Sports Betting With Bitcoin & Crypto: What To Know
At this point, you know which crypto betting websites in Canada you can count on to provide the best sign-up bonuses. You also know which ones can deliver a whole host of sports betting options and which ones take which types of cryptocurrency. But there is still so much to learn about betting on sports online.
So next, we’re going to talk about some important things you need to know about online sports betting with crypto.
Features of Betting With Cryptocurrency
Many offshore sportsbooks that accept cryptocurrency will also allow you to deposit money using credit cards, bank transfers, e-wallets, and other payment methods. So, why should you choose to bet on sports with Bitcoin and more types of cryptocurrency instead? Consider the great features that’ll come along with doing it here:
Anonymity & Privacy: It’s impossible to remain anonymous at an online betting site when you make deposits with a credit card or bank account that has your name on it. Cryptocurrency, on the other hand, is 100% anonymous, so you can make transactions on a crypto betting site without having to compromise your anonymity. This ensures you maintain your privacy when betting on sports online through crypto sportsbooks.
Low Fees: Even the best fiat betting sites in the world will usually charge fees on certain types of transactions. If, for example, you deposit money into a sports betting site in Canada with a credit card, you might end up paying a transaction fee of up to 10%. Crypto betting sites, meanwhile, charge little to no fees on transactions involving Bitcoin, Ethereum, Litecoin, and other types of crypto. The only fee you might have to pay will come from a blockchain provider.
Security & Decentralization: Fortunately, almost all betting sites in Canada take security seriously and make it difficult for anyone to gain access to your account information due to the anonymous nature of crypto. They’ll also elevate their security by working multi-factor authentication into the mix.
Easily Accessible: There aren’t many restrictions on the cryptocurrency betting sites we’ve discussed here. No matter which part of Canada you live in at this time, you can create an account on any of these sportsbooks without worrying about legal consequences.
Better Bonuses: Regardless of how you choose to make deposits on sports betting sites, you’ll receive bonuses. However, the crypto-related bonuses these sites give out are often larger than their regular bonuses. Between this and the lack of fees on crypto deposits, you can begin betting on sports with way more money than you would have otherwise.
Downsides of Gambling With Crypto
If all crypto betting sites in Canada were top-notch, you wouldn’t need to look at our list of the best sportsbooks. But Bitcoin betting sites aren’t always perfect, and it could expose you to some of the potential downfalls of gambling with crypto online if you’re not careful.
Non-Regulated: While the sports betting sites that accept cryptocurrency are licensed in Panama or other places, they aren’t often regulated by government agencies. This allows you to gamble on them anywhere in the world. However, if you ever want to file an official complaint against one of these sites, you’ll be on your own since no agencies are set up to look into them.
No Chargebacks: If you ever get the sense a sports betting site has tried to pull a fast one and overcharge you when you make a deposit, you can arrange to have a chargeback performed to get your money back. This isn’t an option with crypto betting websites in Canada since crypto-related deposits made on them are permanent.
Higher Knowledge Needed: It isn’t that challenging to figure out how to complete transactions with cryptocurrency on crypto gaming sites, but you may need to make a few transactions before you get the hang of it. There is a learning curve with crypto that doesn’t exist when you use credit cards, bank transfers, etc., to deposit or withdraw money on a crypto sportsbook.
Volatility of Cryptos: Bitcoin has increased in value substantially since it was first introduced in 2009, but even Bitcoin has endured its fair share of crashes since then. If you win money gambling but the price of Bitcoin drops dramatically, you might get left with less money than you started with at a crypto sportsbook. Your best bet is to find types of crypto that don’t fluctuate in value too much each day and use them.
Despite the possible downsides of using cryptocurrency to bet on sports at the best online sportsbooks, this is certainly a situation where the pros outweigh the cons. The anonymity that crypto can provide, along with the low fees and big bonuses, makes it worth using crypto and living with the downsides that may come your way.
How To Bet On Sports Online With Bitcoin and Cryptocurrency
Are you new to using cryptocurrency? If so, you might get confused when you first try using Bitcoin for sports betting. But it shouldn’t take too long to familiarize yourself with using crypto to fund a betting site account.
Follow these steps to begin taking part in sports betting with crypto:
- Find a cryptocurrency exchange in Canada: You must choose which cryptocurrency exchange you want to use to make crypto transactions through a sports betting site. Coinbase, Kraken, KuCoin, Bitfinex, and Gemini are just a few of the top options available in Canada.
- Add cryptocurrency to a crypto wallet: Once you sign up for a cryptocurrency exchange, you gain access to a crypto wallet. You’ll use this wallet to buy, hold, and sell crypto. You can invest in your preferred form of crypto through a crypto exchange and have it sent to your wallet for safekeeping.
- Select a crypto sports betting platform and register: After you have a crypto wallet with Bitcoin or another form of crypto, you can sign up for a TG.Casino, Lucky Block, or WSM Casino account. Just make sure you pick one of the crypto betting sites in Canada that accepts your preferred type of crypto.
- Use cryptocurrency to deposit money into your account: When you’re all signed up for a crypto betting site account, you’re free to deposit money into your account using crypto. Click on “Cashier” and then “Deposit” before choosing cryptocurrency as your payment method. Follow the instructions to send crypto from your wallet to fund your new sportsbook account. Claim any welcome bonuses available to you.
- Begin placing bets on a crypto betting site: As long as you successfully send money from your crypto wallet to your betting site account, you can start placing bets on sports. Find the sport you would like to bet on and begin adding wagers to your bet slip before deciding how much you’d like to wager and confirming your bets.
- Withdraw gambling winnings from your account: If you’re lucky enough to win money while gambling on sports through one of the top crypto betting sites in Canada, perform your first withdrawal. Go back to the “Cashier” and click on “Withdraw” before choosing cryptocurrency as your payment method and following the instructions again to send funds back to your crypto wallet.
Take your time when making deposits and withdrawals through crypto gambling sites in Canada. If you transfer money to the wrong crypto wallet, it can result in you losing funds for good. Ask the sportsbook’s customer service department for help, if necessary.
How To Find a Cryptocurrency Exchange for Crypto Sportsbooks
Canada is home to more than 500 cryptocurrency exchanges. You can use a large percentage of them to make transactions at crypto betting sites in Canada.
But before you simply select the first crypto exchange you can find and start using it at a crypto sportsbook, walk through these steps to guarantee you end up with the right one. You’ll use this crypto exchange to buy and sell crypto, so you must locate the best one of the bunch to ensure your satisfaction.
- Search for cryptocurrency exchanges that cater to sports bettors: Some cryptocurrency exchanges in Canada don’t care for sports bettors and will freeze their accounts if they’re caught gambling on sports online. Steer clear of signing up for an account with just any old crypto exchange and choose one that has earned a reputation for doing right by online sports bettors.
- Tinker with a cryptocurrency exchange to make sure you like it: Once you find a crypto exchange you like, experiment with it to ensure it’s easy to use. Ideally, it should have a “beginner” mode that makes it as simple as possible to poke around and find what you need.
- See how large a cryptocurrency exchange’s user base is: If you go with a crypto exchange that has a small user base, you might struggle to sell large amounts of crypto at times. Find one that has a large user base, so it has enough liquidity to go around.
- Check to see which types of cryptocurrency you can buy and sell through a crypto exchange: If you plan to use Bitcoin at crypto betting sites in Canada, most crypto exchanges can accommodate this request. If, however, you wish to use a more obscure kind of crypto, you may not find it at every crypto exchange. Track down one that has the crypto you want to utilize while gambling online.
- Read up on the security measures a cryptocurrency exchange takes: The crypto you use at Bitcoin sportsbooks will spend a lot of time sitting in your crypto wallet. You need to work with a crypto exchange that will protect it at all costs by relying on everything from encryption to multi-factor authentication.
Not sure which crypto exchanges you should use on crypto betting sites? Here are five fantastic options to get you started:
- Coinbase
- Kraken
- KuCoin
- Bitfinex
- Gemini
Is Online Betting With Bitcoin & Cryptocurrency Legal in Canada?
Yes, online betting with Bitcoin and cryptocurrency is legal in Canada. But it isn’t necessarily because Canadian lawmakers have created laws that allow sports bettors to use cryptocurrency at crypto betting sites.
Rather, lawmakers haven’t developed any laws prohibiting sports betting with Bitcoin, Ethereum, Litecoin, or other types of crypto. This is what technically makes it legal to do. The online gambling industry in most parts of Canada outside Ontario is still a gray market that enables sports bettors to gamble online through offshore crypto betting sites without penalties.
Changes to the Canadian laws that govern this industry are constantly introduced, and if any of them ever become official, it could change the legality of gambling online with crypto in the country. But for now, you won’t break any laws by wagering on sports through the best crypto betting sites.
Buying and selling crypto in Canada is also legal, though note crypto isn’t considered legal tender in Canada. Therefore, you can’t utilize it to pay taxes, and it doesn’t come with the same protections as legal tender.
How Are Crypto Betting Winnings Taxed?
Some countries, like the U.S., impose heavy taxes on crypto betting winnings and all gambling winnings, for that matter. The Internal Revenue Service charges a flat 24% tax on any money Americans win while wagering on sports or playing online casino games.
Canadians won’t have to worry about facing taxes on their crypto betting winnings. Canada doesn’t tax gambling winnings unless they’re used to earn income or purchase stocks, mutual funds, and other investment products.
You may, however, face taxes on any crypto betting winnings that become worth more because of a crypto price spike once you cash them out. As always, it’s best to speak with an accountant about your tax responsibilities when paying taxes to the Canada Revenue Agency.
Popular Sports To Bet On at the Best Bitcoin Betting Sites in Canada
From the moment you begin betting on sports through one of the top crypto betting sites in Canada, see to it that whatever sportsbook you end up going with has more than enough sports betting opportunities to keep you entertained. If it doesn’t, you might find yourself wanting to switch to a different crypto sportsbook before long. Read through some of the most popular sports to bet on at our favorite crypto gaming sites below.
NHL Betting
Sadly, the Edmonton Oilers couldn’t finish off their massive comeback from down 0-3 in their Stanley Cup Finals series against the Florida Panthers to become the first Canadian team to take home the Cup in over 30 years. But they put up a great fight and showcased why Canadians love the Oilers and hockey in general so much.
Hockey remains the most popular sport in Canada. It has also become one of the top sports for Canadians participating in NHL betting at sites that accept crypto like Bitcoin, Ethereum, Litecoin, and more.
Soccer Betting
Thanks to the success the Canadian men’s national soccer team has enjoyed in 2024 during the Copa America tournament, the popularity of soccer is on the rise throughout the country. Soccer might not ever surpass hockey in the popularity rankings, but it’s much more popular than it used to be.
With many big-time soccer matches coming up for the Canadian team soon, it seems like it could get even more popular in a short amount of time. Many crypto betting sites in Canada are taking advantage of this and offering extensive soccer betting options within the country.
NBA Basketball Betting
At the start of the 2023-24 NBA season, a record-setting 27 Canadian players were on NBA rosters. This included NBA stars like:
- Shai Gilgeous-Alexander
- Jamal Murray
- Andrew Wiggins
- RJ Barrett
- Dillon Brooks
There are also NBA stars in the making who hail from Canada, such as Bennedict Mathurin and Shaedon Sharpe. All of this has made NBA betting a more attractive option than it once was among Canadian sports bettors.
MLB Baseball Betting
The NBA isn’t the only American sports league filled with Canadian players. Major League Baseball also has more than a dozen Canadians on its rosters, including:
- Vladimir Guerrero Jr.
- Tyler Black
- Matt Brash
- Josh Naylor
- Tyler O’Neill
Although MLB isn’t quite as popular as the NBA in Canada, MLB betting has become a nice option for certain Canadian sports bettors. Betting on the Toronto Blue Jays, in particular, might appeal to those with crypto betting site accounts.
What Types of Bets Can You Make on Crypto Sports Betting Sites?
Like other online sportsbooks, crypto betting websites allow you to place many different types of bets once you’ve successfully funded an account. Moneyline bets are the simplest wagers to understand, but they’re not the only bet options you’ll have. Here are several other kinds of crypto bets:
- Point spread bets: Just about every sporting event will feature a favorite who will “give” points to a lesser team and an underdog who will “get” points from them. You can decide which one to bet on when you place point spread bets.
- Total bets: You can bet on whether two teams will go “over” or “under” a set number of points, goals, runs, etc., when you put in total bets.
- Prop bets: You can wager on whether a particular player will go “over” or “under” a set number in a specific statistical category, such as points, passing yards, fouls, assists, etc., with prop bets.
- Parlay bets: You can package two or more individual bets together to create a parlay bet. You’ll need all these bets to come through to win a parlay bet, which typically pays significantly more than individual bets would on their own.
- Live bets: These days, you can bet on many games in real time. Live betting has become immensely popular at crypto betting sites in Canada and throughout the world.
Responsible Gambling
Placing wagers on sporting events through the leading crypto betting sites in Canada is a lot of fun, but it can also present problems for some people. Studies show hundreds of thousands of Canadians may run the risk of developing gambling problems in the near future.
To prevent a gambling problem, try using these tips:
- Come up with a bankroll for betting on sports and stick to it while wagering.
- Create time limits for sports betting and step away from Bitcoin sportsbooks once you’ve gone over them.
- Avoid betting on sports when angry, depressed, anxious, etc., as this could lead to irrational decisions or impulse gambling.
- Don’t gamble on sports while under the influence of alcohol and/or drugs.
- Search for responsible gambling resources through Canadian betting sites.
Organizations like the Responsible Gambling Council can set you up with the necessary tools. The best betting sites in Canada, like TG.Casino, also responsible gambling resources available.
Conclusion on Best Bitcoin Betting Sites in Canada
If we had to pick just one, we would go with TG.Casino. It has tons of sports betting options, an over-the-top welcome bonus, and even an online casino you can use when you’re not busy wagering on sports.
Plus, TG.Casino is accessible through the Telegram app, which will help you protect your anonymity and provide an extra secure environment for sports betting.
Top Pros Works through the Telegram app to ensure anonymity
Provides safety and security for Canadian sports bettors
Offers an exceptional welcome bonus to new players
Delivers a fun and exciting online casino experience
Extends a long list of responsible gambling resourcesBitcoin Sports Betting in Canada FAQs
Is Betting With Cryptocurrencies Legal in Canada?
Yes, betting with cryptocurrencies in Canada is legal. Canadian lawmakers haven’t created any laws forbidding people from wagering online with them.
What Are the Best Crypto Sports Betting Sites for Canadians?
The best crypto sports betting sites for Canadians are TG.Casino, Lucky Block, WSM Casino, Mega Dice, and BC.Game. Other great options include Wild.io, Betpanda, Futureplay, Metaspins, and Sportsbet.io.
How Do I Exchange Cryptocurrency Winnings for Canadian Dollars?
You can exchange cryptocurrency winnings for Canadian dollars by sending them to a crypto wallet secured through a crypto exchange. You can turn these crypto winnings into Canadian dollars by selling them through your crypto exchange.
Are Crypto Gambling Winnings Subject to Taxation in Canada?
No, crypto gambling winnings aren’t subject to taxation in Canada. Canada considers gambling winnings “windfalls” and doesn’t tax them.
What Is the Best Bitcoin Sportsbook for Canadian Bettors?
The best Bitcoin sportsbook for Canadian bettors is TG.Casino. It’s easily accessible through the Telegram app, offers generous bonuses and promotions, and provides tons of sports betting options and an online casino.
Is Sports Betting With Crypto Safe in Canada?
Yes, sports betting with crypto is safe in Canada as long as you use one of the best crypto betting sites in the country. Each of the betting sites in Canada featured here is a great choice for those who value safety and security.
Sam is a casino fanatic with nearly a decade of experience working in the iGaming industry. Sam started as a sports betting analyst who now covers the ins and outs of online casinos, sportsbooks and more for esteemed publications like Sports Casting.
Get to know Sam Wilffred betterSam is a casino fanatic with nearly a decade of experience working in the iGaming industry. Sam started as a sports betting analyst who now covers the ins and outs of online casinos, sportsbooks and more for esteemed publications like Sports Casting.
All posts by Sam WilffredBetting Guides
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