Can You Gamble on Offshore Sites in Canada?
Global gambling is a gigantic industry expected to reach $93 billion by 2023. While operating online casinos in Canada is illegal, residents are free to gamble on sites regulated abroad. Offshore casinos have a lot to offer, and many of them tailor their promotions to the needs of the Canadian audience. On the downside, these sites are not created equal, so follow our tips.
Some of the best casinos in Canada are licensed abroad. Many of them are members of Casino Rewards — an international loyalty network packed with gifts, exclusive bonuses, and exciting promotions. Pay attention to these criteria:
Top-rated offshore sites run on cutting-edge tech solutions. They use legit games from renowned vendors like Evolution Gaming, Microgaming, and NetEnt. A single collection may feature 550+ games! Casino apps are rare, but mobile optimization is a must. This means you can access your favorite games on the go, from a tablet or smartphone.
What's more, offshore sites are known for their versatile bonus systems. Users can take advantage of free spins, no deposit bonuses, match bonuses, loyalty points, and more.
Obviously, virtual casinos are more accessible than their land-based counterparts, but that's not all. Operators invest in smooth navigation and attractive UI with easy access to crucial information. In case of any questions, users may contact multilingual support.
Users of offshore sites do not have to pay tax on their winnings. This is because they are based in a different jurisdiction. These operators do not report to The Canadian Revenue Agency, so players are not obliged to declare their payouts.
As offshore casinos target an international audience, they work with a wide variety of financial channels. You can make deposits using your debit or credit card, through bank transfers, or even prepaid vouchers. As of February 2022, the Bank of Montreal (BMO) and The Canadian Imperial Bank of Commerce (CIBC) allow transfers to and from international gambling sites.
In the past few years, offshore casinos have been exploring and adopting crypto payments. The opportunity to pay in Bitcoin, Ethereum, or other tokens provides an unprecedented level of privacy and security. Blockchains do not identify wallet holders by name.
On the one hand, this means no government entity can trace your transactions. On the other hand, you will have peace of mind as you won't share sensitive data with the gambling operator.
Canadians have a right to choose any offshore platforms for gambling activities, but it is vital to use only regulated sites. Whether you like slots or blackjack, there are a plethora of options. You can play in the 2D format or connect to a live dealer. Make deposits and withdraw your profit through different methods, from Visa to Bitcoin!