One of the hallmarks of all top internet casinos that wish to cater to a global audience is the ability to offer gameplay in a variety of currencies. Ultimately, you won’t find every currency at all internet casinos. However, for players in major countries, such as Canada, it shouldn’t be too difficult to find the Canadian dollar accepted. What benefits are there to playing using your local currency and how likely are you to be able to play with Canadian dollars at internet betting sites? It is time we took the plunge and revealed everything you need to know about the Canadian dollar at top online casinos.
Playing at Canadian Online Casinos Using CAD
Of course, there are several advantages to using Canadian dollars to play at internet casinos. First and foremost, if a casino accepts the Canadian dollar, and your payment method happens to be in that currency, too, you won’t face any exchange fees.
At the same time, being able to wager using Canadian dollars has another perk. You are unlikely to wager too much. As you live in Canada and are a regular user of the currency, you will have an excellent idea of its value. Wagering in foreign currencies can often see players not fully understand the value of those currencies, and end up betting far more than they can afford. This is not going to be an issue when betting in your home currency.
Do All Canadian Casinos Accept Canadian Dollars?
Oddly enough, no. Not every online casino which accepts players from Canada will allow you to deposit, wager or withdraw using the Canadian dollar. This is because while they accept players from your country, they don’t necessarily cater directly towards them. Fortunately, there are plenty of top casinos which thrive on the support of Canadians, and all these will willingly offer the Canadian dollar as a currency. In the event that you can’t use the CAD currency option, US dollars, euros and British pounds sterling make for suitable alternatives as the difference in value with the Canadian dollar is not so great. Alternatively, you can opt for cryptocurrencies at some top online casinos in Canada.
Fees and Exchange Rates
If an online casino accepts the Canadian dollar, and that happens to be the currency of your payment method, then you are in luck. However, if a casino doesn’t accept the CAD currency, or your payment method requires the use of another, you could end up facing exchange rates. Casinos may charge a fee for converting your currency into one they can accept, and they will often provide you with their own exchange rate. That exchange rate could be based on anything, so it is always worth checking the terms and conditions at a casino before you decide to do this.
You should also note that some payment methods don’t accept Canadian dollars, even if the casino does. Again, this could lead to conversion fees and/or exchange rates. Always check out the cashier page before signing up at a casino to be doubly sure of what you are getting yourself into.
Games Which Accept Canadian Dollars
If an online casino accepts Canadian dollars, then it is highly likely that you are going to be able to use this currency to wager on games. However, casinos which accept CAD deposits but convert them into other FIAT currencies are likely to require you to bet in other currencies. You could end up spinning the mighty reels of slots or playing blackjack with US dollars, instead of Canadian dollars. Again, this is something worth checking before you decide to sign up and play at online casinos.
Depositing with Canadian Dollars
An online casino may be perfectly open to accepting Canadian dollars, but you may find that only a handful of banking options actually allow them to be used. Sometimes, payment methods solely accept Canadian dollars, and some don’t at all. The best way to discover what the situation is at your online casino is to head to the cashier/banking page and examine the accepted currencies of each deposit method.
Canadian Dollar Withdrawals
The same may also be true when it comes to withdrawing your winnings. You may find that some online casinos will only permit you to cash out your winnings using Canadian dollars when you select a specific banking option. Good banking options to use at Canadian casinos include Interac, iDebit and Instadebit. These are all primed for Canadian players and are guaranteed to permit you to deposit and withdraw using the Canadian dollar. Credit cards and debit cards, as well as oe-wallets, are also usually very open to accepting bank transactions made using Canadian dollars.
Canadian Dollar Casino Bonuses
There is more to using Canadian dollars at top casinos than deposit, wagering and withdrawing. Have you ever given a thought to online casino bonuses? Most of the biggest and the best online casinos which accept the CAD currency option will also allow you to claim bonuses and promotions using this currency. However, a few far-flung offshore casinos may require you to claim bonuses using US dollars.
Naturally, there is likely to be a difference in the amount you can claim (for a bonus), as well as minimum and maximum limits when using Canadian dollars compared to other FIAT currencies. This can be discovered by checking the terms and conditions. If the bonuses and promotions feature the “C$” or “CAD” signs, then you can claim them in your home currency.
Play at Top Canadian Casinos with CAD today
As you can see, there are ample reasons why it is important to be able to use Canadian dollars when betting online. You might think that all Canadian casinos would accept the CAD currency, but this is not always the case, as shown above. We will always recommend you to play at a casino which does accept the Canadian dollar. To help you get started finding a reputable and top casino which fits the bill, we recommend checking out our top Canadian online casino reviews today.