How To Deposit And Withdraw From Canadian Online Sportsbooks
Before you can start betting on sports in Canada, you need to find the best ways to fund your sportsbook account. This page will guide players through the variety of Canada sportsbook deposit methods and payout options, along with limits and processing fees.
Bodog is the best Canadian online sportsbook that accepts Bitcoin and will payout your winnings in cryptocurrency. Their combination of reliability, fast deposits and payouts, and variety of banking methods make them our top choice for sports betting in Canada.
CFL Betting Sites In Canada
| Sportsbook | Bonus Amount | Review | Join Now |
|---|---|---|---|
 |
100% match up to $400 + 50 Casino Free Spins | 4.8/5 | Visit Bodog |
 |
50% match up to $250 + 100 Casino Free Spins | 4.6/5 | Visit BetOnline |
 |
100% match up to $1,000 | 4.1/5 | Visit MyBookie |
#1
Bonus 100% Up To $1,000
Min Deposit$10
BankingCrypto / Card
Bodog Sportsbook Review
Bitcoin and other cryptocurrencies like Litecoin and Ethereum are the most popular banking methods at Bodog Sportsbook. They also accept credit and debit cards from VISA, MasterCard, Discover, and American Express.
New players at Bodog can score a 100% match up to $400 on their first sports deposit, plus 40 free spins on the Gods of Luxor slot. These bonus funds can be used to bet on NHL, CFL, UFC, MLB, NFL, and all of the other top sports leagues for Canadian players outside of Quebec and Nova Scotia.
Bonus 100% Up To $1,000
Min Deposit$10
BankingCrypto / Card
BetOnline Sportsbook Review
The Canadian online sportsbook that accepts the most cryptocurrencies is BetOnline. They take 17 different cryptos including Bitcoin, Ethereum, Tether, and even altcoins like Shiba Inu and Dogecoin.
Players can smoothly deposit and withdrawal with crypto at BetOnline, which comes with the fastest processing times and the lowest fees. They also accept credit and debit cards, while offering sportsbook payouts via check, wire transfer, money order, and a person-to-person funds transfer.
Bonus 150% Up To $750
Min Deposit$20
BankingCrypto / Card
MyBookie Sportsbook Review
MyBookie shares many of the same crypto banking methods as BetOnline and Bodog, including cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, and seven more altcoins. Canadian players can also deposit at MyBookie with MasterCard or VISA debit/credit cards.
While their Canada sportsbook payouts are limited to Bitcoin and bank wire, MyBookie accepts 13 unique deposit methods for funding an account. Credit/debit card deposits at MyBookie have a $45 minimum deposit, but all crypto deposits have just a $20 minimum.
Canada Sportsbook Deposit Methods
| Deposit Method | Bodog | BetOnline | MyBookie | Sports Interaction |
|---|---|---|---|---|
| MasterCard | ||||
| Visa | ||||
| Discover | ||||
| American Express | ||||
| Bitcoin | ||||
| Altcoins | ||||
| Interac e-Transfer | ||||
| PayPal | Ontario Only | |||
| Apple Pay | ||||
| Google Pay | ||||
| MatchPay | ||||
| Instadebit | ||||
| Paysafecard | ||||
| EcoPayz | ||||
| MuchBetter | ||||
| Neosurf |
How To Deposit With Crypto At Canadian Online Sportsbooks
Depositing with Bitcoin and other cryptocurrencies is the best way to fund your Canadian online sportsbook account since its fast and comes with the best Canadian sportsbook bonuses. The first step for those that are new to crypto is to sign up at a crypto exchange like Coinbase for free.
Players that are already signed up with Cash App, Venmo, PayPal, or other exchanges can fund their sportsbook account within minutes. Below is a step-by-step guide how to deposit with Bitcoin and altcoins at the best online sportsbooks in Canada.
- Create an account at a Canadian online sportsbook that accepts crypto
- Select your desired crypto in the sportsbook’s cashier/banking section
- Copy the receiving address from the sportsbook or scan the QR code
- Head to your crypto exchange and choose the option to send crypto
- Enter your desired deposit amount and past the sportsbook’s receiving address
- Finalize the authentication and your crypto deposit is successful
Crypto Deposit Limits At Canadian Online Sportsbooks
Most Canada sportsbook deposit methods come with fees, but cryptocurrencies have the most variance across different options. Here are all of the different fees for depositing with crypto at a Canadian online sportsbook.
| Cryptocurrency | Bodog Limits | BetOnline Limits | MyBookie Limits |
|---|---|---|---|
| Bitcoin | $10 min / $5,000 max | $10 min / $1,000,000 max | $10 min / no max |
| Ethereum | $50 min / $5,000 max | $20 min / $1,000,000 max | $20 min / none |
| Tether | $5 min / $5,000 max | $20 min / $1,000,000 max | $20 min / none |
| Litecoin | $10 min / $5,000 max | $10 min / $1,000,000 max | $20 min / none |
| Bitcoin Cash | $10 min / $5,000 max | $20 min / $1,000,000 max | $20 min / none |
| Bitcoin SV | $10 min / $5,000 max | N/A | N/A |
| Avalanche | N/A | $20 min / $1,000,000 max | N/A |
| Binance | N/A | $20 min / $1,000,000 max | $20 min / none |
| Cardano | N/A | $20 min / $1,000,000 max | $20 min / none |
| Dogecoin | N/A | $20 min / $1,000,000 max | $20 min / none |
| Polygon | N/A | $20 min / $1,000,000 max | N/A |
| Ripple | N/A | $20 min / $1,000,000 max | N/A |
| Shiba Inu | N/A | $20 min / $1,000,000 max | $20 min / none |
| Solana | N/A | $20 min / $1,000,000 max | $20 min / none |
| Stellar | N/A | $20 min / $1,000,000 max | N/A |
| Tron | N/A | $20 min / $1,000,000 max | N/A |
| USD Coin | N/A | $20 min / $1,000,000 max | N/A |
| TRUMP | N/A | $20 min / $1,000,000 max | N/A |
How To Make A Canadian Online Sportsbook Deposit With Credit Card
After crypto, credit cards are the most popular way to deposit at a Canadian online sportsbook. Funding your account with a credit card is quick and easy, but keep in mind that not every credit card is accepted at these options.
Here is a simple breakdown on how to fund your sports betting account with a credit card in Canada.
- Create an account at the Canadian online sportsbook that accepts your credit card
- Select the “deposit” button and choose credit card as your desired deposit method
- Choose a deposit bonus
- Enter your credit card details and deposit amount
- Finalize the deposit
- Your funds should appear within minutes
Credit Card Deposit Limits For Canadian Sportsbooks
| Deposit Method | Bodog Limits | BetOnline Limits | MyBookie Limits | Sports Interaction Limits |
|---|---|---|---|---|
| VISA | $20 min / $1,500 max | $25 min / $2,500 max | $45 min / $2,500 max | $20 min / Not Specified |
| MasterCard | $20 min / $1,500 max | $25 min / $2,500 max | $45 min / $2,500 max | $20 min / Not Specified |
| American Express | $20 min / $1,500 max | $25 min / $2,500 max | N/A | N/A |
| Discover | $20 min / $1,500 max | $25 min / $2,500 max | N/A | N/A |
Methods For Withdrawing Canadian Online Sportsbook Winnings
Each Canadian online sportsbook offers different ways to receive your winnings. The fastest and easiest payout method is crypto like Bitcoin, but this is only available at internationally-regulated online sportsbooks like Bodog, BetOnline, and MyBookie.
The other most widely offered Canada sportsbook payout method is bank wire. Bank wire withdrawals are mostly processed in under a week, but could take up to 15 business days depending on a player’s bank.
Other sportsbook withdrawal methods include Interac e-transfer, check by courier, money order, debit card (Canadian-regulated only), and more. A complete list of payout options are found below for the top four online sportsbooks in Canada.
Canada Online Sportsbook Payout Methods
| Payment Method | Bodog | BetOnline | MyBookie | Sports Interaction |
|---|---|---|---|---|
| Bitcoin | ||||
| Altcoins | ||||
| Wire Transfer | ||||
| Interac e-transfer | ||||
| Bank Wire Transfer | ||||
| Check By Courier | ||||
| Person-To-Person Transfer | ||||
| Money Order | ||||
| Instadebit (Interac only) | ||||
| MasterCard | ||||
| VISA |
How To Withdraw Sportsbook Winnings With Crypto
Withdrawing sportsbook winnings with crypto is simply the inverse of depositing. We’ll break down the process step-by-step to guarantee you get your money with ease.
- Log into your Canadian online sportsbook account
- Go to the Cashier and select “Withdrawal”
- Enter your desired withdrawal amount and choose your preferred cryptocurrency
- Head to your crypto wallet and choose “Receive” crypto
- Copy the provided address and head back to the sportsbook cashier screen
- Paste the address and ensure the details and amount is correct, then submit the request
- Your funds are guaranteed to hit your crypto wallet within 24 hours
While BetOnline charges between $2 and $20 on crypto withdrawals depending on the amount, all crypto payouts at Bodog and MyBookie are free. They don’t charge any processing fees for cryptocurrency withdrawals.