If you’ve ever been to land-based casinos, then you must remember how easy and secure it was to make deposits to play a game. All you had to do was simply exchange cash for chips with dealers at the tables or load cash notes into slot machines.
Cashing out in land-based casinos is almost just as easy. All you ought to do is walk across to a cashier and present your chips, slot payout slip, or loyalty card, and they will redeem your winnings in cash right away.
Online gambling, on the other hand, involves way more patience and procedures than that. Even though this might seem daunting initially, if you carefully read the contents of this post, you can rest assured you’ll learn everything you need to become more confident whenever you’re approaching an online cashier.
Without further ado, let’s jump into this.
Cryptocurrencies are decentralized currencies. This basically implies that financial institutions and governments do not issue them. In addition to that, note that different cryptocurrencies boast different features, but they all share common characteristics, and that is the fact that their value is based off of supply and demand.
If you’ve checked out some of our other guides, such as “is Bitcoin a viable payment option for online casinos” or “will Altcoins replace Bitcoin for casino operators soon?”, then you know that today, gamblers at online casinos have the ability to use virtual currencies to make payments for gambling services. Players can make withdrawals in the form of cryptocurrencies as well.
In regards to safety, note that cryptocurrencies use Blockchain technology. This ensures that all transactions made using these virtual currencies are not only secure, but they are also completely anonymous.
The transactions will only be recorded in a digital ledger, and it’s impossible to decrypt the identity of the person who received the money, who sent the money, or even how much cash was transferred.
Using your bank account to make payments at online casinos is an option as well. Your bank account is your private account, and no one else can access it unless you authorize them to. Your bank account can also be linked to a credit card or debit card, which ensures that the process is secure and fast when you make bank transfers.
I know that you’d also like to ensure that the money you are sending is going to the right place. That’s why most services offer to show you a specific confirmation code once you receive your money.
Another reason bank transfers are one of the most popular payment methods at online casinos is the fact that they are very inexpensive. More often than not, no fees will be charged while making a bank transfer, regardless of the amount you’re transferring.
A player’s e-wallet can be easily used to make payments at online casinos. In regards to security and safety, E-wallets tick both boxes because they not only use encryption, but they are also controlled by financial institutions. As a player, you have the option to encrypt your bank details before sending them to any online casino. This ensures that the only person who’ll have access to the details is you and your bank institution.
With that in mind, some of the most popular E-wallets you can use today include Skrill, Paysafecard, PayPal, Neteller, Gcash, and EcoPayz. Arguably the most common E-wallet from the list above is PayPal, which is a well-known payment method that has been here for quite a while.
With PayPal, you have access to 24/7 customer support service, which is available via website, chat, email, or phone.
Using debit and credit cards is, without a doubt, the most common way to deposit money in online casinos. If you visit the checkout page of any online casino, you’ll find several different payment methods integrated into their systems, but if you want the fastest and easiest way to pay, then picking the card payments option is your best bet.
Note though. If you choose this payment, remember that most casinos charge some fees for using cad deposits. It is not even unusual to see up to 5 percent fees associated with all your deposits.
