Why it is Best to Play with Canadian Dollars

Canadian PenniesBecause the Loonie is the best money nickname, ever.

Before we discuss online gambling with Canadian dollars, let’s take shopping as an example. If you have used your credit card overseas, you probably are aware of that sick-to-your stomach feeling once you have returned home to Canada, read your credit card statement, and discover that you have been charged ridiculous extra service and exchange rate charges by your credit card company. Wouldn’t things be easier if you could just use your native currency? Well, don’t let that happen to you at an online casino as there are many that offer you the chance to play in Canadian dollars.

Depositing at an online casino isn’t always easy. After all, many online casinos – especially the renowned ones – are located offshore, which means their banking systems work somewhat differently than what you are used to. So, when you deposit to an online casino, there’s a high probability that your credit card may be rejected. However, when you gamble on CAD casinos, you can rest assured knowing that the site you are playing at has a proper system in place to quickly and securely load your funds. That said, let’s delve further into this topic, shall we?

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Direct Deposits in CAD

More and more online casinos are trying to cater to the specific needs of players, and hence they now allow Canadian players to deposit directly in their native currency. The first question on your mind would probably be this: Is there a benefit of gambling online with Canadian dollars, instead of US dollars?

You gamble online not only for fun, but also to make money - isn’t that right? So, why hand over your hard-earned money even before you drop your chips on the felt?  Online casinos in Canada that don’t accept Canadian dollars will charge you US dollars or Euros by default. Many sites will hit you with a conversion charge, and some even charge a conversion fee on each deposit and withdrawal. In addition, this is on top of the currency conversion fee your credit card company or bank will charge you!

By gambling at CAD casinos, you won’t have to worry about any of that. Withdrawing your winnings becomes considerably easier, and you can keep better track of your winnings/losses. While changing CAD to USD isn’t difficult, you will be able to save substantial amounts in conversion charges by gambling in your native currency. In addition, you won’t have to calculate every time you place your bets either.

Deposits with Conversions

Granted, depositing with conversions is usually a straightforward process, but that’s not what the problem is. First, as mentioned earlier, playing in a non-native, foreign currency accompanies significant conversion charges which means you have to spend more money. Second, the conversion charges can get you confused - you may end up depositing more or less than you wanted or lose money when withdrawing. By playing at CAD casinos, however, all this can be avoided and you can enjoy a safe, smooth and enjoyable online casino experience.

Preferred CA Deposit Methods

So, are you considering online gambling with Canadian dollars? The good news is that you have various options available when it comes to playing at online casinos that accept loonies. Regardless of where you are living in Canada, moving depositing money into and withdrawing money from your online casino account is straightforward if you use the following methods:

 

  • Interac Online and e-Transfer - Nothing is more Canadian for payment than Interac e-Transfer and Interac Online.
  • UseMyBank - Don’t have a credit card? It shouldn’t be much of a problem as this Canada-specific UseMyBank solution allows players to use their bank to deposit into their online casino account. You are not required to set up a third party account, and your money is instantly debited and deposited to your CAD online casino account in real time. 
  • Third Party Accounts – Payment methods like EcoPayz, InstaDebit and iDebit are all great options if you are looking to gamble online with Canadian dollars. Not only are they easy to set up, but also quite simple to use. It is, however, important to keep in mind that the availability of these options will vary between CAD online casinos. 
  • Credit Card – All the renowned Canadian-friendly online casino sites accept credit cards such as MasterCard and Visa. In addition, if the online casino is popular for offering online gambling with Canadian dollars, you can rest assured that your credit card will not be rejected, and go through instantly.

CA Casinos & Safety

Looking to gamble online? Playing at CA casinos is your best bet as they accept Canadian dollars and have measures in place to make sure your banking transactions are as safe and secure as possible. When you play at these well-established  and reputable online casinos, you can be sure there will be no issues arising.

However, that doesn’t necessarily mean you should go ahead and deposit at any CAD online casino site you come across. Yes, some sites are better than others are in terms of game quality, customer service, security as well as safety. So, make sure you research your options well enough, before you choose to deposit at a particular CA casino.

Deposit in CAD or Other Currency?

Online gamblers in Canada should always look to deposit in their native currency because of three good reasons. First, there are many online casino sites out there that now accept deposits and withdrawals in NZD and CAD, so why not? You won’t be missing anything! Second, you won’t need to make calculations as you play your favourite casino games, and this makes playing a lot easier and more enjoyable. Last, but not the least, you save a considerable amount of money in conversion fees as well as other related expenses.

Final Word

And that’s about it! As you can see, playing at CAD online casinos has its own distinct advantages if you are a Canadian player.  Playing in your native currency not only makes your life a lot easier, but also allows you to save a decent amount of money in the long run.

Last Updated: May 21, 2019