Cloudbet vs MyStake: Which Wins for Canadian Players?
Cloudbet vs MyStake for Canadians is a comparison of two very different offers, and the answer changes depending on your province, your bank and whether you bet on sport. Every figure below was checked against each casino's own terms and live sources on July 30, 2026.
By Brandon Scotch, founder of OhCryptoBullmarket
Verdict
Cloudbet wins this one for Canadian players, 8 to 7.3 on our weighted method, because it scores higher across our weighted dimensions overall. MyStake still has the edge on a CAD cashier and French language support, so it is the better pick if that is what you came for.
Winner of this comparison
Cloudbet 8/10
- Accepts players from every province, Ontario included
- Payouts: Typically fast/instant for verified; occasional up to 24h batching or network delays
- Crypto-native: BTC, BCH, ETH, USDT, USDC, USDP, PAXG, DAI, DOGE, LTC, DASH, LINK, DOT, ADA, SOL, ALGO, AVAX, POL, SHIB, BNB, XLM, XRP, stETH, TRON, ZEC, TON, USDe, sUSDe, HBAR and others
19+ (18+ in AB, MB, QC). Offshore casinos carry no provincial consumer protection. Play responsibly.
Cloudbet vs MyStake at a glance
| Cloudbet | MyStake | |
|---|---|---|
| Editor's score | 8/10 | 7.3/10 |
| Ontario | Accepted | Accepted in practice |
| CAD cashier | No | Yes |
| Welcome offer | Welcome Package up to $2,500 in cash rewards (10% rakeback on every bet, daily cash drops, Cash Vault) | 300% welcome package up to €/$1,500 across first three deposits (150% up to €/$750 first, 100% up to €/$500 second, 50% up to €/$250 third); 170% Crypto Deposit Bonus up to €1,000; 120% Sports up to €600 |
| Payout speed | Typically fast/instant for verified; occasional up to 24h batching or network delays | Not disclosed |
| Sportsbook | Yes | Yes |
| Licence | Curacao OGL/2024/328/0599, Halcyon Super Holdings B.V. | Curacao OGL/2024/1798/1048, Santeda International B.V. |
| Claim $2,500 Package → |
Bonus and limit figures come from each casino's own published terms. Payout speeds are player reports from Reddit and forums, never our own staff tests. Terms move, so treat these as current rather than permanent.
The eight sections below are the full comparison, in the order that decides things for a Canadian: where you can legally play, how your money moves, when you get asked for ID, what the bonus is really worth, whether you get paid, what you can play, who you are trusting, and what the CRA wants afterwards.
1. Provincial legality and access
Cloudbet takes Ontario players and MyStake does not. That single row decides this comparison for anyone in Ontario, because the province's regulated market forbids cryptocurrency and neither casino holds an AGCO registration to work around it.
| Factor | Cloudbet | MyStake |
|---|---|---|
| Ontario players accepted | Accepted | Accepted in practice |
| Geo-blocks Ontario IPs | Not reported | Not reported |
| Canada in restricted-countries list | Not disclosed | Not disclosed |
| Canada-specific clause | You agree that at all times when using the Website, including making requests for withdrawal or transfers of funds, you are not physically located in any of the following countries: Australia; Austria; Belgium; China, Macau, Hong Kong SAR; Curaçao; Cuba; France; Germany; Iran; Lithuania; Malta; Myanmar; Netherlands; North Korea; Singapore; Syria; Spain; the United States of America and its territories; United Kingdom; The following regions in Ukraine; Crimea; Donetsk; Luhansk; | We do not offer our services to residents of certain jurisdictions. At MyStake Casino, we are legally prohibited from accepting players from the following locations: Aruba, Bonaire, Curaçao, Lithuania, the Netherlands, Georgia, Saba, Sint Maarten, the United States of America and its dependencies, as well as all FATF blacklisted countries. Additionally, accounts registered in the Russian Federation and Belarus are closed in accordance with applicable sanctions. |
| Other provinces (BC, AB, QC, Atlantic, Prairies, Territories) | Accessible in most Canadian provinces; check local legislation | Canada not listed in restricted jurisdictions; accepts CAD and players from Canada per site terms and review sites |
| Stated minimum age | 18 or local legal age (whichever greater) | 18 |
| AGCO / iGaming Ontario registered | No | No |
| Provincial consumer protection | None | None |
19+
Canadian gambling law is provincial, not federal, for players. You must be 19 or older in most provinces and 18 in Alberta, Manitoba and Quebec. Both casinos here are offshore: no provincial regulator will step into a dispute, and neither is covered by Ontario's BetGuard self-exclusion program. Ontario's regulated market, run by AGCO and iGaming Ontario, does not license pure crypto operators at all, because its standards state that cryptocurrency is not legal tender and shall not be accepted.
2. Banking and crypto practicality for Canadians
MyStake is the easier money path from a Canadian bank because its cashier is denominated in Canadian dollars, so deposits and withdrawals read in the currency your account is in. Cloudbet runs crypto-native balances, which means converting in your head at every step.
| Factor | Cloudbet | MyStake |
|---|---|---|
| Coins supported | BTC, BCH, ETH, USDT, USDC, USDP, PAXG, DAI, DOGE, LTC, DASH, LINK, DOT, ADA, SOL, ALGO, AVAX, POL, SHIB, BNB, XLM, XRP, stETH, TRON, ZEC, TON, USDe, sUSDe, HBAR and others | BTC, ETH, LTC, XRP, BCH, USDT, XMR, DASH and others |
| Networks worth knowing | TRC20, ERC20, Lightning, LTC, SOL, BNB, etc. (varies by coin) | not explicitly detailed; standard crypto networks implied |
| CAD on-ramp path | Visa, Mastercard, Apple Pay, Google Pay for crypto purchase (third-party) | supports CAD deposits; no specific Interac/Newton/Bitbuy details found |
| Native CAD cashier | No | Yes |
| Cards and e-wallets | Not disclosed | Visa, Mastercard, Neteller, Skrill, Paysafecard, AstroPay, PayOp, cryptocurrencies |
| Minimum deposit | Varies by coin; most under $1 USD equivalent (typically $0.10–$0.50) | €20 or equivalent (CAD supported) |
| Minimum withdrawal | Varies by coin (e.g. BTC 0.0001) | Not disclosed |
| Fees | Network fees only (flat fee paid by user for withdrawals); no casino markup disclosed | network-only vs casino markup not specified |
| Conversion spread disclosed | Not disclosed | Not disclosed |
| Canadian bank friction | Identical at both. The Big Five banned credit-card crypto purchases in 2018, and TD approves Interac transfers to exchanges case by case. A debit-funded e-Transfer to a registered Canadian exchange is the route that reliably works. | |
The full walkthrough, including which coin to buy for speed against fees and the network-mismatch trap that swallows transfers, is in the Interac to crypto casino guide.
3. KYC and verification experience
Neither of these is a genuinely anonymous casino, whatever the marketing suggests. Both reserve the right to ask for identification, and both can hold a withdrawal while they do. What differs is the trigger point and how much warning you get before the request arrives.
| Factor | Cloudbet | MyStake |
|---|---|---|
| Reported soft-KYC threshold | $2,200 lifetime deposits / $2,200 per day withdrawals for unverified/Level 1 | Not disclosed |
| Documents requested | Photo ID (passport/licence), proof of address, face verification, mobile number | government-issued photo identification, proof of address, and proof of payment method |
| Typical verification time | Not specified; required to lift limits | Not disclosed |
| Blocks withdrawals while checking | Yes | Yes |
| True no-KYC or wallet connect | Soft-KYC: unverified accounts limited to $2,200/day withdrawals; full verification for unlimited | Not disclosed |
Where each casino in our set actually draws its verification line, and what "no KYC" really buys you, is mapped in the no-KYC crypto casinos guide.
4. Bonus value, not just headline size
Both run welcome offers, so the comparison moves to the fine print rather than the headline. Read the multiplier, whether it applies to the bonus alone or to your deposit as well, the max bet allowed while clearing, and the expiry window. Those four lines decide what an offer is worth.
| Factor | Cloudbet | MyStake |
|---|---|---|
| Headline offer | Welcome Package up to $2,500 in cash rewards (10% rakeback on every bet, daily cash drops, Cash Vault) | 300% welcome package up to €/$1,500 across first three deposits (150% up to €/$750 first, 100% up to €/$500 second, 50% up to €/$250 third); 170% Crypto Deposit Bonus up to €1,000; 120% Sports up to €600 |
| Wagering multiplier | No wagering/rollover requirements | 30x on combined deposit + bonus (casino); 10x for sports |
| Applies to | N/A (cash rewards) | deposit+bonus |
| Max bet while wagering | Not disclosed | €/$5 per spin |
| Game contribution | Not disclosed | welcome casino bonuses valid on casino slots only |
| Expiry window | 30 days from first deposit or until $2,500 cap | 30 days |
| Cashback or rakeback | 10% rakeback on every bet (win or lose), paid in cash with no wagering | 10% Crypto Cashback; weekly cashback 5-13% VIP levels, wager-free from Level 7 |
| VIP programme | VIP Club with exclusive rewards and experiences | Galaxy VIP Loyalty System (10 levels Pluto to Sun); earn STARS on wagers |
| Open to Canadian players | Yes | Yes |
We work through what each multiplier costs in real wagered volume, across every casino in the ranking, in the crypto casino bonuses guide.
5. Payout reliability and limits
Payout speed is the number most sites advertise and the one worth trusting least, so the figures below are user reports from Reddit and player forums rather than marketing claims or our own staff tests. Limits matter just as much: a fast casino with a low weekly ceiling still pays a big win slowly.
| Factor | Cloudbet | MyStake |
|---|---|---|
| Speed, user-reported | Typically fast/instant for verified; occasional up to 24h batching or network delays | Not disclosed |
| Speed, official claim | Most crypto withdrawals processed instantly; some up to 24 hours. 90% under 2 minutes claimed | Cryptocurrency and e-wallet withdrawals typically processed faster than bank transfers (bank transfers within 3 banking days) |
| Daily limit | Level 1: $2,200/day; Level 2 (verified): unlimited | Not disclosed |
| Weekly limit | Not disclosed | €7,500 per week (or equivalent) |
| Monthly limit | Not disclosed | €15,000 per month (or equivalent); wins >€15,000 in monthly instalments |
| Canadian pain points | KYC triggers on larger withdrawals; network selection errors possible | Not disclosed |
| Track record with Canadians | Positive accessibility noted; limited specific Canadian complaints found | Not disclosed |
Community payout threads for the whole set, plus what to do when a withdrawal sits pending, are in the instant withdrawal guide.
6. Games, sportsbook and features Canadians care about
Both pair a casino with a sportsbook, so the question becomes depth rather than presence: how well each covers NHL and the Canadian markets you actually want, and whether the casino side carries the providers and provably fair originals you would play between games.
| Factor | Cloudbet | MyStake |
|---|---|---|
| Providers | Not detailed in sources | Not disclosed |
| Game count | 2,800+ (one review) | Not disclosed |
| Provably fair titles | Yes | Not offered |
| Sportsbook | Yes | Yes |
| NHL and Canadian markets | NHL, CFL mentioned in context; broad international including 2026 World Cup | Not disclosed |
| Mobile | Responsive mobile; no dedicated app issues noted | Not disclosed |
| French language support | Not offered | Yes |
| CAD display | No | Yes |
French support is worth weighing if you play from Quebec, since most of the set does not offer it. Sports bettors should also compare Cloudbet, which scored highest in our set for NHL depth alongside CAD account support.
7. Trust, support and player protection
Trust here is not a feeling, it is a paper trail: who holds the licence, how long the site has run, and what happened the last time a player disputed a payout. Neither casino answers to a Canadian regulator, so track record does the work that regulation would normally do.
| Factor | Cloudbet | MyStake |
|---|---|---|
| Licence | Curacao OGL/2024/328/0599, Halcyon Super Holdings B.V. | Curacao OGL/2024/1798/1048, Santeda International B.V. |
| What that means in a dispute | Offshore licences of this class direct you to arbitration in the licensing jurisdiction, not to a Canadian regulator. Practical recourse for a Canadian player is limited at both, which is the core cost of playing offshore. | |
| Ownership transparency | Halcyon Super Holdings B.V., Curaçao company number 148526; founded 2013 | GTW B.V. (Curaçao); previously Santeda International B.V. |
| Operating since | 2013 | 2020 |
| Complaint history | Isolated older KYC/withdrawal disputes on forums; generally positive recent reviews for payouts | Not disclosed |
| Live chat | Available via site | 24/7 live chat available |
| Support languages | EN (primary); others not confirmed | EN, FR and multiple others |
| Responsible gambling tools | Deposit limits, self-exclusion, timeouts available | deposit limits, session time reminders, self-exclusion, reality checks |
| Canadian help resources | Free and confidential, wherever you play: ConnexOntario 1-866-531-2600, PlaySmart, or your provincial helpline. | |
8. Tax and real-world Canadian considerations
Tax treatment is identical at both, and it is not the win that catches Canadians out. The winnings are a tax-free windfall, but the crypto you hold afterwards is property: the moment you sell, swap or spend it, any gain since the win becomes a taxable capital gain.
| Factor | Cloudbet | MyStake |
|---|---|---|
| CRA on your winnings | Recreational gambling wins are a tax-free windfall in Canada under CRA folio S3-F9-C1 | |
| CRA on the crypto itself | Selling, swapping or spending won crypto is a disposition, and any appreciation since the win is a capital gain at 50% inclusion. Canadian exchanges began collecting CARF data in 2026, so the cash-out leg is visible to the CRA. | |
| Practical funding path | Convert at each step through an exchange | CAD figures end to end |
| Account currency options | Cryptocurrencies primarily; fiat deposits depending on jurisdiction | EUR, USD, GBP, AUD, CAD, BRL, cryptocurrencies |
| VPN policy | Must not be located in restricted jurisdictions; use from Canada OK per terms | Not disclosed |
| Ages of majority | 19+ in most provinces, 18+ in Alberta, Manitoba and Quebec, whatever age the site itself states. | |
This is general information rather than tax advice. The worked example, including what a 0.1 BTC win looks like months later, is in the crypto gambling tax guide.
What the tables mean for your bankroll
The data above answers what each casino does. This part answers the question you arrived with: which one should you actually open, and when does the other make more sense?
Can you even open both from your province?
Both casinos accept Canadian players across the provinces, Ontario included, which is less common in this market than you would think. It does not make either one regulated here. Neither holds an AGCO registration, so if a dispute escalates you are relying on the operator's own process and an offshore licensing body, not on a Canadian authority. That is worth knowing before you decide how much to keep on balance rather than in your own wallet.
Which one is easier to fund from a Canadian bank?
MyStake, and the reason is unglamorous rather than technical. Both need the same Interac hop through a Canadian exchange, but only MyStake thinks in your currency once the money lands, so you are not converting against a coin balance every time you top up. Its minimum deposit reads as €20 or equivalent (CAD supported), which is a number you can check against your bank statement without a calculator. Cloudbet suits players who already hold crypto and think in it. If you are funding weekly from a chequing account, the CAD cashier wins on friction alone.
Who makes you show ID first?
Both reserve the right to ask, and both can hold a withdrawal while they check, so neither is the anonymous option some reviews imply. Plan for verification rather than hoping to dodge it: have a government ID and a recent utility bill ready before you deposit, keep the name on your exchange account matching the name on your casino account, and avoid the two habits that turn a routine check into a frozen balance, which are location masking and bonus terms broken by accident.
Is Cloudbet's bonus worth more than MyStake's?
Compare the multipliers rather than the headlines. Cloudbet advertises Welcome Package up to $2,500 in cash rewards at No wagering/rollover requirements, while MyStake offers 300% welcome package up to €/$1,500 across first three deposits at 30x on combined deposit + bonus. A multiplier applied to your deposit as well as the bonus is roughly twice the work of one applied to the bonus alone, and a low max-bet cap turns a large package into a long grind whatever the percentage says. For a first deposit in the C$100 to C$300 range, the offer with the cleaner basis and the longer expiry window is almost always worth more than the bigger number.
What about games, and the sportsbook question?
Both cover sport, so look at depth rather than presence. NHL markets are the baseline test for a Canadian book, and coverage of CFL and niche domestic markets is where offshore sites usually thin out. On the casino side, compare provider lists rather than raw counts: a library of several thousand titles from studios you recognise beats a bigger number padded with filler from studios you do not.
Which one do you trust with a real bankroll?
Longevity is the most useful trust signal in a market with no Canadian oversight, and Cloudbet has more of it, running since 2013 against 2020. Years alone do not make a casino honest, but they do produce something you can read: a complaint history long enough to show a pattern. Both hold offshore licences that point disputes to arbitration rather than to a regulator here, so neither deserves a balance you would be unable to walk away from.
What happens if you actually win big?
The two fail in opposite directions on a big win, and it is worth knowing which failure you would rather own. MyStake publishes a ceiling of €7,500 per week (or equivalent) a week and €15,000 per month (or equivalent); wins >€15,000 in monthly instalments a month, so a win past that leaves in instalments no matter how fast the site normally pays. Cloudbet publishes no such ceiling, which sounds better until a large withdrawal triggers a verification review and the money sits pending while documents are read. Predictable and slow, or uncapped and conditional.
Cloudbet vs MyStake: the verdict for Canada
Cloudbet wins this one for Canadian players, 8 to 7.3 on our weighted method, because it scores higher across our weighted dimensions overall. MyStake still has the edge on a CAD cashier and French language support, so it is the better pick if that is what you came for.
Read the detail before you deposit anywhere: the Cloudbet review and our notes on MyStake go further than any comparison can, and both sites sit in our best crypto casino ranking for Canada.
Cloudbet vs MyStake: questions Canadians ask
Is Cloudbet or MyStake better for Canadian players?
Cloudbet scores higher under our Canada-weighted method, 8 against 7.3. It wins because it scores higher across our weighted dimensions overall. MyStake is the better choice if you specifically want a CAD cashier or French language support.
Can Ontario players use Cloudbet or MyStake?
Cloudbet: yes, its terms do not restrict Canadian or Ontario players. MyStake: not clearly stated in its terms. Ontario's regulated market does not license crypto casinos, and neither site holds an AGCO registration. Using a VPN to get around a block breaches the terms at both.
Which pays out faster, Cloudbet or MyStake?
Cloudbet is reported at Typically fast/instant for verified; occasional up to 24h batching or network delays, and MyStake at no consistent user-reported figure we could verify. These are player reports from forums and review platforms rather than our own tests. Withdrawal ceilings matter as much as speed: Cloudbet publishes no weekly cap, while MyStake caps at €7,500 per week (or equivalent).
Do I pay tax on winnings from Cloudbet or MyStake in Canada?
Recreational gambling winnings are a tax-free windfall in Canada under CRA folio S3-F9-C1, at both sites. The catch is the crypto: selling, swapping or spending what you won is a disposition, and any gain since the win is a taxable capital gain at 50% inclusion. Canadian exchanges began reporting under CARF in 2026, so the cash-out leg is visible.
Are Cloudbet and MyStake legal in Canada?
Playing at either is not a criminal offence for a Canadian: the Criminal Code aims its gambling provisions at operators, not players. Neither is licensed or registered in Canada, so both are offshore sites without provincial consumer protection. That is the trade you accept, and it is the same trade at every crypto casino in our ranking.
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