Overview of the Canadian Dollar
Although the currency is most commonly used within Canada, the Canadian dollar is more often than not used for international transactions as well. This applies especially to online casinos. Knowing that Canadians can visit the majority of the online casinos around the world without limitations, casinos commonly include Canadian dollars in money handling systems so that Canadian players can deposit and withdraw their money easily without having to exchange their national currency.
The Canadian Dollar Symbol
Canadian dollars are usually marked with their corresponding currency code followed by the dollar sign ($). If you do not notice CAD$ sign clearly displayed on an online casino’s website and are unsure whether a casino accepts Canadian dollars, you can always contact the support staff or look for accepted currencies in the casino’s General Terms and Conditions.
Exchanging Canadian Dollars
The Canadian dollar can be exchanged for another currency at most banks and online exchange services, while many popular e-wallets can do this instantly. Bear in mind that exchange services include fees and, unless you are not allowed to play in Canadian dollars, you should stick to your national currency.
Usually, there is no need to exchange Canadian dollars for another currency when playing at online casinos. Unless using the Canadian dollar limits your betting or bonus options, you can always play in this currency and avoid paying exchange fees.
Banking with Canadian Dollars
There are several options to deposit or withdraw your money in Canadian dollars. Credit cards, e-wallets or direct bank transfer services, to mention a few, are all available to punters from Canada who wish to play in their national currency. Most of the top-rated online casinos accept deposits and make payouts in Canadian dollars, so there is no need to worry about withdrawing your money in the currency of your choice.