Crypto casinos exist in a regulatory grey area in Canada. While federal law does not explicitly prohibit cryptocurrency gambling, each province has its own regulations. Many offshore crypto casinos accept Canadian players, but you should research the legal status in your specific province.

Most crypto casinos accepting Canadian players support Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Litecoin (LTC). Some platforms also accept altcoins like Dogecoin, Bitcoin Cash, and Solana. Check each casino for their specific crypto support.

Many crypto casinos offer no-KYC or minimal KYC requirements, especially for crypto-only transactions. However, some may require identity verification for larger withdrawals or if you use fiat payment methods. Each platform has different policies.

Crypto withdrawals are typically processed within minutes to a few hours, much faster than traditional banking methods. Bitcoin withdrawals may take 10-60 minutes for network confirmation, while other cryptocurrencies like Litecoin or Solana can be even faster.

Gambling winnings in Canada are generally not taxable for recreational players. However, if gambling is your primary source of income, it may be considered taxable. Consult with a Canadian tax professional for advice specific to your situation.