Canadians love betting! Whether you enjoy sports betting, casino games, lottery, bingo, or any other form of gambling, many options are available to you as a Canadian resident. People from Canada can choose to bet on many different websites. Some operate within the country, while many more come from abroad. It is technically not legal to gamble on foreign sites in Canada, but we’ll get to that sticky point later on.
If you’re a novice gambler and you don’t know how and where to start, you should consider learning all about the depositing methods that are available to Canadian gamblers, since depositing is one of the first things you will need to do in order to play. So, without further ado, let’s hop into some of the most popular depositing methods for Canadian betting sites.
Bookmaker | Bonus | Pros | ||
---|---|---|---|---|
22bet | Welcome Bonus up to C$300 for Sports Betting | Friday Reload Sportsbook Bonus Bonus for a Series of Losing Bets Weekly Rebate | Play Now 18+ (Not valid in Ontario) | Play Responsibly | Terms & Conditions apply. | |
20bet | 100% up to C$150 on Free Bets | 100% up to C$150 Min. deposit C$15 95% payout | Play Now 18+ (Not valid in Ontario) | Play Responsibly | Terms & Conditions apply. | |
100% Sports Bonus | 3+1 FreeBet Top Leagues Live Betting | Play Now 18+ (Not valid in Ontario) | Play Responsibly | Terms & Conditions apply. | ||
Sports Interaction | First Deposit Match Bonus up to C$500 | Refer & Start Earning Live Chat Earn up to C$250 Bonus & Spins when your friends join! | Play Now 18+ (Not valid in Ontario) | Play Responsibly | Terms & Conditions apply. | |
Sports Welcome Bonus: 100% up to C$300 + C$30 Free Bet | Daily 4% Winback Rewards Odd Boost: Power up your bets Refer a Friend and get Free Bets | Play Now 18+ (Not valid in Ontario) | Play Responsibly | Terms & Conditions apply. | ||
Zodiac Bet | 100% up to C$100 Sport Welcome Bonus | Get C$50 in FreeBet Tokens every month 50% up to C$50 Sport Reload Bonus C$25 FreeBet | Play Now 18+ (Not valid in Ontario) | Play Responsibly | Terms & Conditions apply. | |
Rabona | C$150 First Deposit Bonus | VIP Free Bet Daily C$1,000 Grand National Racing C$100 100% NHL Stakeback Cover! C$100 | Play Now 18+ (Not valid in Ontario) | Play Responsibly | Terms & Conditions apply. | |
100% Bonus on First Deposit up to C$434 | Bet on NBA Basketball Odds Fast & Easy Withdrawals Android Mobile App | Play Now 18+ (Not valid in Ontario) | Play Responsibly | Terms & Conditions apply. | ||
Betway | Sports New Customer Offer! 100% Deposit Bonus up to $300 | Money Back as a Free Bet Parlay Club: $10 in Free Bets Betway Boosts | Play Now 18+ (Not valid in Ontario) | Play Responsibly | Terms & Conditions apply. | |
BetOnline | 50% up to C$1,000 Sign Up Bonus | 5% Crypto Boost C$25 Risk-Free Player Props Wager C$25 Free Live In-Game Betting | Play Now 18+ (Not valid in Ontario) | Play Responsibly | Terms & Conditions apply. | |
BetSafe | 100% Welcome Bonus up to C$500 + 100 Free Spins | Award-winning Sportsbook Daily Specials Monthly Mania | Play Now 18+ (Not valid in Ontario) | Play Responsibly | Terms & Conditions apply. |
Gambling websites allow players multiple options when it comes to funding their betting accounts. The most popular method involves the use of credit and debit cards. These are the most traditional online payment methods which are proven to work flawlessly. Nevertheless, in the last several years we have seen the rise of many other online-based payment options.
eWallets have become a huge hit among gamblers, as they are very practical and the money transferring process works fast. Paying via cryptocurrencies is also a new trend. The majority of the population isn’t familiar with this payment option, but as people start to recognize the benefits of cryptocurrencies, they will start using them more.
Lastly, you can choose to deposit money directly through your bank or by using a cheque. These are by far the slowest methods for both depositing and withdrawing from a betting site, but you can use them on a lot of Canadian operators as well.
Next, we will further explain how each of these deposit options works and what payment services are the most popular among Canadians.
Now that we’ve explained which payment options you have for depositing funds on Canadian gambling sites, it is the time for you to learn about the actual process of online sports betting depositing.
Before you deposit money and start playing, you need to create an account on a website of your choice. Go to the homepage of a website and click on “Register”, “Join”, or “Create an Account.” Next, you should fill out a registration form where you need to put in some information regarding your identity and banking details. Once you finish your registration, you will get a confirmation email in a couple of minutes which will state that your account is ready to use.
From there you just need to navigate to your account page and find the “Deposit” button. Choose a preferred method and the amount that you wish to deposit. Most deposits go through instantly, but you may need to wait for several minutes for them to show up on your account. Note that some fees might be included while making a deposit; those depend either on the payment method or the gambling website itself.
You should also inform yourself about the minimum and maximum deposit limits. The same website can have different deposit limits for different payment methods. We advise you to search for a website with low minimum limits and high upper limits. All of this information is usually stated on the terms and conditions page of a given betting site.
As you may know, most bookmakers offer some sort of welcome bonus or free promotion to new customers, but it is important to note that they do not generally offer a different bonus or promotion based on deposit method. This means that you can open an account and deposit with whichever payment method is most convenient for you and accepted by the bookmaker without missing out on some sort of special or unusual deal.
Naturally, you might have some trust issues when it comes to online gambling, which is understandable. There are many fake websites out there whose only goal is to steal your money and never give you a chance to win it back. But if you stick to our website’s content and play only on the sites that we list, you shouldn’t worry about getting scammed. The payment methods that we review are all trusted and highly secure. They use the latest encryption systems so your sensitive information is kept safe and private.
Canada has relatively relaxed laws when it comes to online sports gambling. It’s officially legal to bet online in Canada as long as the website that you are betting on is regulated and operated within the country. When it comes to offshore sites, they are technically illegal but no Canadian player has yet been prosecuted, fined, or imprisoned for enjoying betting on a foreign operator.
The laws are simply not regulated enough and that’s why a lot of Canadians gamble on foreign sites. Another reason is that some Canadian sites are strictly regulated. For example, a lot of websites do not offer single bets, while they lack different deposit options. This geographical loophole has allowed many European websites to offer their services to Canadian residents. In fact, Canada is rarely on a restricted list of any top online casino.