Custodial or self-custody
| Custodial (exchange account) | Self-custody (your wallet) | |
|---|---|---|
| Who holds the keys | the company | you |
| Recovery | company account recovery | your recovery phrase |
| Gambling transfers | may be restricted or questioned | your choice |
| Best for | buying and selling | moving coins to and from casinos |
The usual setup: buy on a Canadian exchange, send to your own wallet, deposit from there. Withdrawals come back to the same wallet. See the Interac route.
Mobile or hardware
Mobile wallets are apps on your phone that support many networks and make deposits quick. Hardware wallets, such as Ledger or Trezor devices, keep keys offline and suit coins you are not using. Many players use both: hardware for savings, mobile for a small casino balance.
Networks to support
Check that your wallet handles the networks you will use: Bitcoin, Litecoin, Tron (for USDT), Ethereum, and Solana if you use it. Sending on the wrong network is the most expensive mistake in crypto gambling; our USDT casinos page shows how to avoid it.
Already holding crypto from a Canadian exchange? Open our partner casino and deposit it.
Address formats by network
| Network | Address usually starts with | Extra field |
|---|---|---|
| Bitcoin | bc1, 1 or 3 | none |
| Litecoin | ltc1, L or M | none |
| Ethereum and ERC-20 tokens | 0x | none |
| Tron and TRC-20 USDT | T | none |
| Solana | letters and digits, no fixed prefix | none |
| XRP | r | destination tag |
If the address in the casino cashier does not match the network you selected in your wallet, stop. A transfer on the wrong network is the most common way crypto is lost on the way to a casino.
Your wallet and a Canadian exchange
The usual route runs from a Canadian exchange to your own wallet and on to the casino. Canadian exchanges may ask where a withdrawal is going, and some ask you to confirm that you own the destination wallet. Sending to your own wallet first, rather than straight from the exchange to a casino, keeps that answer simple and gives you a record of every transfer.
Security habits
- Write the recovery phrase on paper, never in a photo or cloud note.
- Never share it, with anyone, ever.
- Copy deposit addresses from the casino cashier each time; check the first and last characters.
- Keep only what you plan to play with in your casino wallet.
Questions and answers
Do I need a wallet to play at a crypto casino?
Not strictly, but it is strongly recommended. Some exchanges restrict transfers to gambling sites, and a wallet gives you control of withdrawals.
What is a custodial wallet?
A wallet where a company holds the keys, such as an exchange account. Convenient, but the company controls the coins.
What is a self-custody wallet?
A wallet where you hold the keys, backed up by a recovery phrase. You control the coins and carry the responsibility.
Mobile or hardware wallet?
A mobile wallet is convenient for regular casino deposits. A hardware wallet is safer for larger amounts you are not using.
Which networks should my wallet support?
The ones you plan to use: Bitcoin, Litecoin, Tron for USDT, Ethereum, and Solana if you use it.
What is a recovery phrase?
Twelve or twenty-four words that restore your wallet. Anyone with them controls your coins. Write them on paper and keep them offline.
Will a casino ever ask for my recovery phrase?
No legitimate casino, exchange or support agent will ever ask for it. Anyone who does is attempting theft.
Can I use one wallet for everything?
You can, but a separate wallet for casino funds makes your gambling spending easy to track.
What is address poisoning?
A scam that sends tiny transfers from look-alike addresses, hoping you copy the wrong one. Always copy from the casino cashier, not from your history.
How do I protect a mobile wallet?
Use a strong device PIN, keep the app updated, and enable the wallet's own lock.