Best 5 Dollar Deposit Casinos in Canada

Yep, 5 dollar deposit casinos let you play and win real money for the price of a couple of double-doubles from Timmies. So, in this original Casino Cupid guide, we’ll tell you everything you need to know about finding a great $5 deposit casino.

What is a 5 Dollar Deposit Casino?

At first, it seems crazy, eh - after all, why would a casino want players who only deposit $5? Well, it’s hard to attract new players, so some casinos are willing to accept very low deposits to help convince people to sign up. Of course, they hope players will stick around and deposit more over time.

You can try out a casino, play games for real money - and maybe win some too - without risking more than the price of a coffee. Heck, it’s even possible to qualify for a 5 dollar deposit bonus at some casinos.

The Best 5 Dollar Deposit Casinos in Canada

Now, we’re not going to lie - finding a 5 dollar minimum deposit casino isn’t the easiest thing these days. But, here at Casino Cupid, we’ve found a real beauty for you:

To find out more about this excellent 5$ deposit casino, check out the full Casino Cupid review of GGBet.

Payments at 5 Dollar Deposit Casinos

The best 5 dollar deposit casinos in Canada will offer several safe and convenient payment options. Below, we’ll run through some of the most popular.

• Interac - It’s familiar to every Canadian, and you can transfer up to $100 for about $0.50, making it great for even low $5 casino deposits. It’s also supported by pretty much every bank in the country, and widely accepted by casino sites.

• Visa and Mastercard - Considering virtually every Canuck has at least one Visa or Mastercard in their wallets, this is a very convenient way to pay. However, while 5 dollar deposit casinos will most likely accept debit card transactions, they might not allow such small credit card deposits because of the relatively high merchant fees involved. Also, note that credit cards can’t usually be used for withdrawals.

• iDebit - An instant bank transfer service that allows you to send funds directly from your bank account with just a few clicks, iDebit is very convenient and secure. But, it’s not as widely accepted as other methods, and with a typical fee being at least $1.50, it might not be the best for $5 deposits.

• MuchBetter - A very popular digital wallet that’s widely accepted by 5$ deposit casinos in Canada. There’s no fee for paying merchants directly from your account and a very reasonable 2% fee for using your MuchBetter card with a gaming/gambling merchant.

• Skrill - One of the most widely accepted eWallets among online casinos, most Skrill transactions are fee-free, making it great for small deposits.

• PayPal - Although it is widely accepted and is fast and safe, it’s unlikely a casino will accept PayPal for $5 deposits because of relatively high merchant fees.

• Paysafecard - A prepaid digital voucher available in value from $10 to several hundred dollars, transactions are free (unless there’s currency conversion involved), so it's great for small deposits. Using prepaid vouchers also means you don’t have to hand over sensitive financial information and can help prevent overspending.

• Apple Pay - With fee-free payments, this is a top choice for small deposits. However, it’s not accepted by every casino, and you’ll need to own an Apple device like an iPhone or iPad to use it.

• Cryptocurrency - While cryptos like Bitcoin and Ethereum are unsuitable for very small deposits due to their transaction fees, other altcoins are ideal. For example, you can make a deposit using a crypto like Bitcoin Cash, Litecoin, Dogecoin, and Tether for the equivalent of a few pennies.

$5 Dollar Deposit Casino Pros and Cons

There’s no denying that 5 dollar deposit casinos can be fantastic, but they have their drawbacks too. Here are some advantages and disadvantages to consider:

Canadian 5 Dollar Deposit Casinos: Final Thoughts

Five dollar deposit casinos are quite rare but do offer a very accessible, low-risk way to play real money games and generally put a casino through its paces. However, as we’ve explained, depositing just $5 will greatly restrict your options when it comes to bets and games.

And, consider that if you do find a welcome bonus with a $5 minimum deposit, you’re probably still going to want to deposit more to get the better value. In a nutshell, a $5 deposit bonus isn’t going to get you much bang for your buck.

So, in conclusion, we figure 5 dollar minimum deposit casinos are great, and have their place, but you may want to consider stretching to the cost several double-doubles to get more play and more chances to win. Now, we’re off to get donuts.