Critical Warnings
These are not theoretical risks. Players lose funds daily to wrong network selection, exchange blocks, and volatility. Read these warnings before making your first crypto deposit to avoid costly mistakes that cannot be reversed.
Volatility Risk: Deposit C$1,000 in Bitcoin today, might be C$900 or C$1,100 tomorrow. You withdraw the current value, not original amount.
Solution: Use stablecoins (USDT, USDC) that maintain 1:1 with USD.
Wrong Network: Sending USDT on TRC-20 to ERC-20 address = permanent loss. Casinos cannot recover.
Solution: Triple-check network matches before confirming.
Exchange Blocks: Coinbase, Binance, and Kraken may block or close accounts for gambling transactions.
Solution: Use self-custody wallets (MetaMask, Trust Wallet, Ledger).
Network Fees
You always pay blockchain fees to miners/validators:
- Bitcoin: C$1-C$30+
- Ethereum: C$0.50-C$50+
- Litecoin: C$0.05-C$2
- USDT (TRC-20): C$1-C$3
Solution: Check current fees before sending. Choose Litecoin or USDT TRC-20 for lowest costs.
Not Actually Instant: Bitcoin takes a minimum of 30 minutes for confirmation. Ethereum takes 3-7 minutes.
Reality: Faster than bank transfers (3-10 days) but not instant like Interac.
KYC Required: Anonymous crypto doesn't mean anonymous gambling. Expect ID verification before withdrawal.