CAD – Canadian Dollar at Online Casinos in 2024
Finding the right casino is a matter of diligence and patience. But what sort of diligence do we mean? Well for starters, you should only consider an operator that is licensed and regulated in a reputable jurisdiction. This is, of course, essential when looking for a good online casino.
Other factors that players consider are the language of the website, available payment methods and accepted account currencies. This page brings you a number of suggested casinos that accept Canadian dollars. Playing with your preferred currency bears many advantages, including saving on conversion fees. We invite you to read more about everything there is to know when playing with Canadian Dollar in online casinos.
Online Casinos for players in Canada with Canadian Dollar
We only promote reputable casinos that are licensed, offer fair bonus terms and conditions, and have a good reputation with players. Of course you’ll likely want a casino that accepts CAD currency deposits as well as withdrawals.
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About the Canadian Dollar
The Canadian dollar ↱, or loonie, as it is affectionately known by its 37+ million inhabitants, is often considered a petrocurrency, since the country's number one export is oil. With proven reserves of almost 170 billion barrels, the country ranks third in the world behind only Saudi Arabia and Venezuela. This means that movements in the value of the Canadian dollar in the past has often been correlated to the price of oil.
The Canadian dollar has been a floating currency since 1970, where it was previously pegged for several years to the U.S Dollar. The Canadian dollar has become a reserve currency for many countries looking to diversify their foreign reserves from the U.S dollar. While the size of its utility as a reserve size is tiny relative to bigger players like the EUR or USD, it is still relatively liquid and offers good diversification.
FAQ for Canadian dollar at casinos
Canada is massive land mass consisting of 10 provinces and 3 territories, each one licensing and regulating the grey area that is gambling activity in its respective jurisdiction differently. Generally, gambling within Canadian borders is only legal at licensed and regulated gaming establishments.
Online gambling is not illegal and it legal for Canadian players to gamble at foreign websites. With this in mind, online casinos can be licensed by different countries, some with stricter regulations than others, so it's best to take a look at the operator and not just play at any site that may look appealing on first glance.
Canadians who choose to play at online casinos in other counties which are regulated by entities such as the Malta Gaming Authority (MGA), Kahnawake Gaming Commission, Costa Rica and the UK Gambling Commission are free to do so. As online gambling is considered a legal grey area, gambling in Canada and its future is tough to predict.
Canadian players who register at a casino licensed in the European Union can also enjoy the tougher regulations that the regulating bodies impose on the casinos, for example fair games and player protection guidelines, as these laws are not just valid for European casinos, but apply to the casino operator itself, making it a safe choice for everyone.
While online casinos accepting CAD are quite numerous, you may find that there are a few exceptions. The most obvious workaround would be to exchange your Canadian dollars into an alternative frequently accepted currency like EUR, USD or GBP. Given the proximity to the much larger U.S, many Canadians by default tend to hold Greenbacks in reserve.
Provided that the casino accepts Canadian Dollar C$ as an account currency, you'll be able to deposit and withdraw with CAD. Keep in mind to use a payment method that also supports CAD for the withdrawal, as not every payment method can be used both for the withdrawal and the deposit.
Canadian players are often invited to receive a casino bonus when they make their first deposit at the casino. You can see some of the bonuses on this page. The bonus is also available for CAD deposits. Remember, that bonuses are subject to restrictive terms and wagering requirements, and we recommend reading them before you opt to receive bonus money.
There are a number of online casinos accepting Canadian dollar deposits and a number of payment providers who can facilitate the transfer. Specific to the Canadian market is Interac Online and Interac E-Transfer, which are bank debit systems, and Instadebit, which is a bank transfer method. You can also use iDebit in many casinos. All of are super fast, safe and secure. There are also more general payment solutions available, like bank transfers, Mastercard, Neteller, Skrill, Paysafecard or Visa. For a full list of casino payment methods visit our payments overview.