The Canadian Dollar (CAD) is the official currency of Canada and and often referred to as the C$ or Can$ to distinguish it from the American Dollar. Another nickname for the canadian dollar often used by foreign exchange traders and analysts is Loonie. The currency is structured in 5 different bills ranging between 5-100 Can$. The CAD is popular as a foreign reserve currency since Canada is believed to have a relatively sound economy and strong legal and political system. Canadian Dollars is a well respected currency and could be used for online gambling.
Many casinos are operating on the internet today. Some of them have been around almost since the beginning, and others have established themselves more recently. Online gambling began in 1994 when the Free Trade and Processing Act was passed in Antigua and Barbuda. Microgaming was one of the first companies operating an online casino.
Online gambling has many benefits. Players can play from the convenience of their own home, any time of day or night. Most online casinos offer free games, with no financial obligation, and offer generous welcome bonuses to draw players in. Players can accumulate points very quickly, and use them as free spins or extra games.
When gambling online, it is of great importance to find a safe online casino, that is licensed and trustworthy. Licensing information is usually displayed at the bottom of the casino's homepage. Safe casinos offer secure payment options and fair payouts. They use effective encryption technology and are regulated by an independent Gaming Authority with a good reputation.
It is undoubtedly essential to remember that gambling is a leisure activity, not a means to make money. Never bet or play with more money than you can easily afford to lose. It is a good idea to set a limit, and stick to it. Don't be tempted to try and win back your losses.