Canadian dollars are the official currency of Canada. The official abbreviation for the Canadian dollar is CAD. It is the seventh most commonly traded currency in the world and can be used to play at any of the casinos listed on this page.
Overview of Canadian Dollars
Although the vast majority of its use is within Canada, the Canadian dollar is often used for international transactions. This is especially true for online casinos. Since Canadians can play at most online casinos without limitations, casinos implement Canadian dollars in their banking system so players can deposit and withdraw easily.
The “$” Symbol and Canadian Dollars
The “$” (dollar) symbol is sometimes used by itself to describe Canadian dollars. However, in most cases it is used to describe American dollars, and “CAD$” is used for Canadian. If you just see “$” on a casino's banking page without any explanation, contact a support representative before attempting to deposit with Canadian dollars.
Exchanging Canadian Dollars
If you have Canadian dollars but would like to exchange for a more common currency, you can do so at a number of different banks and online exchange services. Many popular e-wallets will also do this instantly. Regardless of which option you choose, you'll need to pay a small fee for the service.
If you want to play at an online casino that accepts Canadian dollars, it will be easier to play in a different currency in most cases, such as the euro or UK pounds. However, some online exchange services do offer Canadian dollars for a fee. Just make sure you have a deposit method available in your country for Canadian dollars before buying them with your local currency.
Banking with Canadian Dollars
If you are a Canadian resident, depositing and withdrawing with Canadian dollars is one of the easiest things in an online casino. You will have a number of different banking options available, including credit cards, e-wallets, and direct bank transfer services. Deposits are almost always instant, and withdrawals can be sent to a number of different e-wallets within 24 hours at the most (1 hour at certain casinos).
However, if you are playing in Canadian dollars outside of Canada, your options may be limited. This is because most deposit and withdrawal options that support CAD are only available in Canada. You will most likely need to have the casino exchange the funds to a different currency in order to process a withdrawal. The casino will likely do this for free, but a fee may be charged by any intermediary banks or processors involved in the transaction.