When trying to find a cryptocurrency to use across Canadian casinos, you should definitely consider Solana, a new player on the scene, but one absolutely worth giving a go. This is a digital currency that has been launched a few years ago but is already offering what other cryptos are missing. With improved speed and enhanced security, as well as many other perks, this is the up-and-coming crypto you should take into account to use across Canadian online casinos. What is Solana and why use it as your online casino payment method?
Top Solana Casinos
Launched in 2020, Solana is one of the newest cryptocurrencies you’ll come across Canadian online casinos. Thanks to the improved speed and enhanced security, in addition to many other functionalities, it is definitely the rising star on the scene, launched as a direct competitor to Ethereum. In fact, it was built on a platform that is similar to Ethereum’s but offers so much more that crypto fans would fall for. It is a growing platform that includes Web3, NFTs and DeFi, therefore, it is particularly useful for developers and crypto project users.
It is an amazingly inexpensive, energy-efficient and super-fast decentralized crypto, designed for mainstream use. In fact, it is one of the 12 most eco-friendly and greener alternatives to Bitcoin, consuming a considerably lower processing power the leading currencies, Bitcoin and Ethereum.
Since one of its co-founders and builders, Anatoly Yakavenko, was into building mobile phone networks, the solution is focused on efficiency, and scalability but most of all, on experimenting with technology and blockchain, in order to be as easy and effortless for people to use and its native token SOL.
The things that make Solana stand out from the rest of the cryptos on the scene, and what makes it capable to outperform competitors, are definitely speed and cost-efficiency. Thanks to Ethereum’s tried and tested proof-of-stake and its own special innovation called proof-of-history, the solution is able to validate transactions swiftly and only for a fraction of a cent. Its price, therefore, is pretty affordable and anyone can actually use it to experiment with it. On that note, the solution is also unbelievably user-friendly, so anyone can get started with it easily and use it for whichever transactions they want.
Having all of these perks in mind, you should not be surprised to learn that Solana is quickly getting accepted across so many online casino sites. While still a rising star in the online gambling industry, it is definitely getting closer to the spotlight. That’s why you should expect to find it across the best Canadian casinos. Continue reading to find out how to start using it.
Getting Started with the Solution
The process of getting started with Solana will be no different than with any other crypto. There’s an added perk, the fact that the solution is amazingly easy to get started with, so even if you’ve never used cryptocurrencies before.
So, you’d first need to go over the many types of crypto wallets available out there and choose a nice one to create an account with, as that’s where you’ll store your coins. There are plenty of apps you could explore and download on your smartphone. But, there’s also an alternative option; you can simply create an account with any exchange platform that trades SOLs and keep the coins you’ve purchased there, all in one move.
Any of the top trading platforms would work, such as Binance, Coinbase or Kraken, as they all offer the crypto. Sign up for an account, enter your personal details, and then decide on the payment method you’ll connect. Most exchange platforms, and crypto wallets for that matter, offer standard, worldwide-used and popular payment solutions, so choose one that you’re already using. You’ll get all kinds of eWallets, and credit and debit cards to choose from, not to mention other cryptocurrencies if you have any. Using any of these methods, you’ll be able to purchase SOLs with fiat currencies, as soon as you create your account. Contrary to most other cryptocurrencies, you won’t need to mine for your coins but purchase them directly from the exchange platform.
As long as you’ve created your account and obtained your coins, you should know that you’re ready to start using your coins. We should mention here that you’d need to remember, save on your device or write down on a piece of paper that you’ll keep in a safe place, the public and private wallet addresses, as these are incredibly valuable. These are your pathways, passwords, IDs when receiving and sending coins, therefore, make sure you’re keeping them safe at all times.
Depositing and Withdrawing
Even though a pretty new player on the crypto scene, as said, Solana is a rising star. While it is not accepted across too many casinos, like Bitcoin is, for instance, you will still find a decent number of casinos that offer it. Some of the top Canadian sites that accept it and are reviewed here are JackBit Casino, Fuzebet Casino, and Chipstars Casino. Decide on the site to go with and create an account with it.
From there, to make a deposit with Solana, do the following:
- Head over to the online casino’s Deposits page.
- From the list of offered cryptos, look for Solana’s logo.
- Press the logo and a pop-up will appear. Copy the casino’s address here.
- Use your credentials to enter your crypto wallet and paste the casino’s address where required.
- Specify how much you’d want to deposit and confirm the transaction.
- As expected, your coins will arrive on your balance instantaneously!
Don’t worry, as you’ll also be able to make withdrawals with Solana. The procedure will be quite similar, and you’d still need to look for its logo, but this time on the Withdrawals page. In the pop-up, you’d need to enter your wallet address and then you’d need to specify how many coins you’d want to cash out. The casino will take its time to review your request, so don’t expect the withdrawal to arrive instantaneously. But, as soon as it approves it, the coins will arrive on your crypto wallet right away.
We should mention here that, although much more improved and cooler crypto, transactions with Solana are still irreversible like with other digital currencies. That’s why you’d need to double-check every little detail on your deposit/withdrawal request, to ensure all the right details are provided. Triple-check the addresses unless you wish to lose your coins and never get them back.
We mentioned that Solana is one of the most inexpensive cryptos to use, with remarkably small fees that cost nothing but a fraction of a cent. You will barely notice them on any transaction you make.
And while casinos rarely charge fees for crypto deposits and withdrawals, you should keep in mind that exchange platforms always charge extra when purchasing coins. Therefore, before you decide on the platform to go with upon purchase, make sure you check how big the fees they charge for purchasing crypto.
Canadian dollars are on the list of accepted currencies across most popular crypto exchanges, therefore, rest assured that you’d be able to buy SOLs using your native currency.
The top exchange platforms offer other popular fiat currencies such as euros, Australian dollars, British pounds, and US dollars, to mention a few. Of course, you can trade other cryptos for some SOLs, via direct crypto-to-crypto exchange using Bitcoin, Litecoin, Bitcoin Cash, Ethereum and Dogecoin, to name a few. Therefore, in addition to the Canadian dollar, you can use any of the digital currencies to purchase your coins.
Solana is, of course, a digital currency accepted all across the globe. You will be able to transact with it as a Canadian player, of course, but players from many other countries can enjoy it, as well, especially from countries that are encouraging the use of crypto.
Such countries are Finland and Malta, for instance, even though there are many others. Of course, there are also countries where crypto transactions are banned and digital currencies forbidden, like Turkey and Russia, so players from these countries won’t be able to use this one or any other cryptocurrency for that matter.
There is an official website you could explore to find out all about the solution. Of course, this is a website that gives general information but offers no Customer Support service. You must have expected that since we’re talking about a cryptocurrency. There will be no one to get in touch with for any problems you might be experiencing.
However, if you’re ever in the need of someone to talk to, you can get in touch with your chosen casino’s representatives for Customer Support service. They’ll be more than happy to assist you with anything, especially when it comes to deposits and withdrawals, as basically, that’s their job.
As a Canadian player looking for a new crypto to try, make sure you consider Solana as a candidate. This is an exceptional crypto that works in a pretty similar way to Ethereum but with much-enhanced processing times and lesser expenses. It is more user-friendly and easier to use, so anyone can get started with it and use it effortlessly. Instant deposits are the biggest perk, but so are the fast withdrawals. You can purchase SOLs using Canadian dollars and many other fiat and digital currencies, and you can use them guilt-free since cryptos are welcome in your country. Since you have no legit reason not to give it a try, go for it as soon as possible!
On its part, no, absolutely not. Since this is a crypto, no limits to transactions are implemented whatsoever. But, you should take into account the fact that there will surely be limits imposed by the online casino you join. Most casinos impose limits, due to safer gambling rules, on all methods, even though the limits for transactions with cryptocurrencies are the most reasonable ones.
Sure. Considering this is a global cryptocurrency, its official website is available in plenty of worldwide-used languages. So, in addition to English, you have Arabic, Spanish, Turkish, Italian, Dutch, and Suomi, among others. Unfortunately for you, French is not an option.
No, not really. SOL is offered across most leading crypto casinos that run entirely on blockchain tech, but it is also offered across regular casinos. Even though crypto casinos might be more convenient to join, you can rest assured that you’d get an equally pleasant experience at any regular casino that accepts the cryptocurrency.
We cannot say for sure, since the number of casinos that accept it grows by the minute. However, we mentioned three excellent Canadian casinos you could visit, reviewed on our site, so you have at least three options.
Sure thing! Since exchange platforms can be joined via any desktop and mobile device, and so do casinos, there’s no obstacle for you to use this crypto cross-device.