Whether you are new to real money online casino play or have been online for years now, the truth is that Bitcoin is one of the newest additions to the industry. Bitcoin, which is an online-based currency, affords you the ability to gamble just as you would with other currencies such as the USD or Euro, however the difference lies within how the currency functions and how you make use of it.
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Bitcoin was first introduced to the online casino world in 2012, but it has taken a few years for it to really catch on. Now, you will find that most reputable online casinos are beginning to facilitate both withdrawals and deposits via bitcoins. Now that you know bitcoin deposits and withdrawals are a reality, you might want to know a bit more about how they function, how you can utilize them, and why they are preferred over traditional banking methods.
How to Deposit via Bitcoin
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Before you can ever execute a bitcoin deposit, you must first setup an online bitcoin wallet. If the term “bitcoin wallet” confuses you, all you need to understand is that these wallets exist online in much the same way a bank account or PayPal account does. There are hundreds of different sites where you can acquire a bitcoin wallet and almost all of them are free. What’s more, the most popular wallets are equipped with encryption technology that ensures your personal information and wallet balance are kept private and secure.
Once you have established a bitcoin wallet, the next most logical thing for you to do is to purchase bitcoins. While you can go out on the open market and search for the best deal, the wallet which you are using will more than likely be able to facilitate a purchase of bitcoins. The process of buying bitcoins is similar to buying consumer goods online in that you need to provide some basic financial information such as name, credit card number, and a physical address. To think of it more realistically, however, you are not buying bitcoins as much as you are exchanging US Dollars for another currency, this one being strictly digital.
So now that you have your bitcoin wallet and it is loaded with bitcoins, the next step is to take those bitcoins and load them to your online casino player account. From here on out, the way in which you actually fund your account is a bit different from what you might be accustomed to. As opposed to typing in your credit card information and executing a deposit, you need to provide your bitcoin wallet address, as well as the desired deposit amount, to the casino in question. Once they have your bitcoin address and the amount which you wish to deposit, it will take only a few seconds for the transfer to be executed. After this, you are ready to play your favorite real money games.
Something worth noting is that the value of a single Bitcoin, though variable, is almost always going to be well over $100. For the past few years, in fact, a single bitcoin has been valued at multiple hundreds of US Dollars. If you are a more conservative player and only want to deposit something like $50, you are not out of luck. Fortunately for you, fractions of bitcoins are able to be deposited at a time. Many people see the value of 1 BTC and are scared away because they are not looking to fork over hundreds of dollars at a time. Do not let this be you, because even if you want to purchase and then deposit .1BTC, it is able to be done.
To this end, most reputable online casinos dealing with Bitcoin allow you to play with BTC in terms of USD. So instead of placing .0001BTC bets, you can wager in terms of a currency you understand. Put simply, even though you are technically playing and wagering with bitcoins, the amounts of your wagers and winnings can and will be in US Dollars or whatever currency you are accustomed to using.
Cashing Out with Bitcoins
Now that you have already setup a Bitcoin wallet, the process of cashing out your winnings becomes as streamlined as possible. When it comes time to cash out, all you need to do is select the amount of money you wish to receive and it will be yours in a matter of minutes. Once again, all you have to do is provide the online casino with your bitcoin wallet address, and the transaction will be executed immediately.
Advantages of Using Bitcoins at Online Casinos
One of the biggest advantages to using bitcoins for real money play at online casinos is the amount of fees you will be forced to pay. While other banking methods gouge your wallet or bankroll with fees, most bitcoin transactions do not carry any fee whatsoever. Those that do have a fee often tend to be extremely light and manageable.
What’s more, as opposed to receiving your cash out via mailed check, bitcoin withdrawals happen instantaneously such that your desired bitcoin cash-out will be available and in your bitcoin wallet seconds after the withdrawal was executed. No longer do you have to worry about long processing times and/or the slow postal service.
An oft-unsung advantage of utilizing bitcoins at online casinos is the fact that this method keeps your personal information safe. Instead of directly supplying your credit card info, billing address, and all sorts of other information to an online casino, Bitcoin requires that you do no more than supply the address of your wallet, which is and of itself encrypted for added security. If you are at all concerned about the prospect of your information falling into the wrong hands, Bitcoin is what you should be using for all of your online casino banking transactions.
The world of online casinos has witnessed an upsurge of players who continually embrace the strides in development through which the sector passes through in operation. From the UK to the world over, the sophistication levels of gaming and employment of adverse techniques continue to reshape online casinos; many players have fancied these types of casinos. They still offer an array of games despite having their “no download” policy. Nevertheless, few of the players have also expressed concern over the suitability of gaming software employed in the casinos. Above all these aspects, credible payment remains the utmost concern of every gaming experience.
The payment even becomes more exciting when there are minimal delays in processing it just after winning their stakes. In fact, the modern-day gamers have one underlying clamor for an instant withdrawal system that ensures their ‘won’ money immediately reflects in their various bank accounts upon victory. As of necessity taking heed as the mother of invention, the advancement witnessed in the technological field has since developed a popular instant payment system. Through this system, the players are assured they could get their real money promptly after winning. We have a lot of information about casinos, example you can find out netbet withdrawal time
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Advantages of the Withdrawal System
- The instant casino withdrawal systems present advantages in this mode of payment as being concise and have encouraged a host of players who have thronged notable sites.
- The instant withdrawal casinos provide a faster and a reliable means of withdrawing money, they can guarantee the availability of funds at any time one needs them.
- Instant withdrawal is also the best payment modality that carries minimal risks when it comes to the art of handling money in bulk. It, therefore, means that money remains safe in your care whenever cases such as loss of funds due hacking arise. In cases where the casino shuts down its site, your money remains in your custody. Another risk of using the money again to place higher stakes is also reduced as you can withdraw it early enough.
- The payment system is advantageous since you can withdraw any amount you so wish, only when it remains within the confines of the withdrawable amounts.
- Lastly, instant casino withdrawal sites offer some bonuses when a player signs up and subsequently makes a first free deposit to the site. The player remains better placed in accessing an array of games available in the site and that increase their chances of winning a jackpot brings many prospects in the game.
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Available Withdrawal Methods for Fast Paying Casinos
When you play at any online casino it does not matter if you major on card and table games, slots and sports betting or online bingo and scratch card lotteries. All online gamblers have one thing in common – we want our winnings to be paid out fast and with complete ease. And all this depends on the payment options that are available at the betting site. You should realize that there are some specific withdrawal methods that you must look out for if you expect to receive your earnings as fast as possible. The payment methods that you should be looking for are e-wallets since they have the advantage of speed and convenience. While the processing speeds still vary, the availability of e-wallets at any betting site will never disappoint you. Below are some of the fastest e-wallet withdrawal methods that are within the reach of all online gamblers who want to receive their winnings quickly:
- PayPal: Though not available to all casino players in most of the countries, for those who are able to access it it’s undoubtedly one of the fastest forms of deposits and withdrawals for online gamblers. Withdrawals will be displayed in your PayPal account once processed.
- Skrill: This is a global third-party processor of payments that works in the same realm as PayPal. The deposits and withdrawals show up immediately once they are processed. A good number of the best online casinos accept the Skrill as a payment option.
- Bitcoin: Bitcoin is the latest digital currency taking the online gaming world by storm, and for most of the transactions deposits and withdrawals are quick. It’s a banking option available to all players worldwide provided you have your Bitcoin wallet. However, it is currently not as popular as the e-wallet options at the most popular online gaming sites.
- Neteller: Neteller is apparently the most popular e-wallet in the whole world and has attained a lot of respect not only with gamblers but also people looking for a pre-paid credit card and a virtual card for online transactions. Not only is Neteller fast, time but it’s also believed to have some of the lowest fees in the business.
Of course, the times of withdrawal will differ depending on how long it takes for the betting site to verify your information before you cash-out is processed. So, online bookies that complete the verification process faster tend to pay out your winnings faster. Generally, the above payment methods usually process your payments instantly, within a few minutes, some hours or up to a day depending on the casino. Payouts to credit cards or bank withdrawals, on the other hand, may take up to 5 or 7 business days to be available to you because of some strict banking regulations. The casino may payout within some hours or minutes, but there has to be some extra time taken for the method of banking to fully process the transaction.
Considerations Before and After Withdrawing Funds
Even as it appears that instant withdrawal casino is on the rise, the excitement that they tag along; especially with instant cash withdrawal needs further scrutiny. Suffice to say, the word ‘instant’ holds subject to many variables in the end. It then means that it is one thing for your money to reflect in your account, and it is another thing making a withdrawal. In unearthing this issue further, it is noteworthy that the instant payment may not support all the banking options that are available at the precise time. There exist many cases where one will have to wait for 2-3 business days before the amount is deemed withdrawable or even worst when it requires you to enable an electronic payment system at the online casino. In another perspective, the players may have to deal with the disappointment where said an instant withdrawable system is not compatible with one’s country. The instant withdrawal spree can also be dealt a blow because different countries have different laws pertaining gambling.
Conducting Prior Research before Committing to a Payment System
Notable cases presenting that there are limitations to various systems or even dire instances in which one’s payment must get clearance from a revenue authority before any form of withdrawal is enabled. In all these circumstances, it is just inevitable that players who would wish to enjoy instant withdrawal from online casino must research well. The research, in this case, should therefore not be limited to mere inquiries but in-depth analysis of these online casino payment structures. A scrutiny of the available banking options for each online casino site remains a viable need especially when you are signing up on any of the sites.
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More importantly is the need to look out for more information on the respective sites’ customer care services who are both on phone and online. They remain a reliable source of information that one may find disturbing or even complicated for your understanding. Under the concerns mentioned above, the underlying truth is the fact that knowing how the online casino operates is fundamental before committing to any engagement. The assessment helps especially when subjects such as withdrawal limits and available banking options become a point of concern. In most cases, the applicable terms and conditions remain at the center of all the fears and concerns of a play involving signing up to an online casino site.
Online Assistance through Frequently Asked Questions
Nevertheless, it remains prudent that one checks out the Frequently Asked Question (FAQ) section of each site as they may differ in tastes and preferences. At this section of the site, one is likely to bump into the instant payment withdrawal aspects such as technicalities that user inquires about when making withdrawals through the site.
Some of the questions you are likely to come across include:
- Ways to withdraw my earnings
- The length of transaction takes
- The minimum and the maximum withdrawable amounts in one instance
- Any transaction fees that are charged during a payout
- The available payment modalities that would give me the highest amount during a playout
- The occasional happenings when I win a million-dollar stake
- Whether I Can withdraw all my money once
When you come across these questions, you are likely to find answers to each one of them just below the question. For instance, the section stipulates provisions for withdrawal such as the ability to withdraw your money only once in a day and no extra provisions may be made to this effect. “What happens when I win a million-dollar stake? Can I withdraw it all at once?” The response to such a case is always straight to the point. In most sites, they will allow the winner to withdraw their money in bits according to the stipulations or policies of the online casino.
In other provisions by other online sites, they allow their ‘Ivy league’ gamers to withdraw their money instantly and the amount they would wish to have at the end of the day. In addition, some sites also give guidelines or rather pieces of advice to their millionaire players on prudent ways of conducting themselves in the wake of such achievements. The consideration comes in the wake of the severity of cases of emotional imbalances that come unchecked excitement that can subsequently lead to their mugging or other violent cases. However, the management remains non-liable to any consequence after the instant withdrawal of money by the players.
Tips to Help you Speed up your Withdrawals
At times, the ‘’Know Your Customer’’ (KYC) and verification procedures could lead to a delay in how fast a betting zone will process your payments. This happens especially if there’s something wrong or incorrect about your personal and financial details.
This procedure is typically very strict because casinos must be answerable to their gaming control commissions, oversight bodies as well as the laws of the land. Owing to the compliance with regulatory policies, they have to be very vigilant to prevent any money laundering. To this end, you will most likely have to provide some identification form. The two things you can do to avoid any inconvenience are:
- Start the verification process right after registration. Make sure you have a secure file where you keep your prepared documents of verification ready when needed. Additionally, ensure all bases are covered with your documents since different casinos have got different requirements, some may require your ID card’s photo or passport while others require the scanned copy. Confirm you have both varieties ready not only for your ID but also for your address document.
Make sure you are displaying all the four corners of each document, they should be vivid, and your address document must be from within the last quarter. Also make sure you have your name and address showing on Neteller, PayPal or any other payment option document. Sometimes you might be in need of a screenshot of the payment you made to the specific casino in question. - Withdrawing after taking a casino bonus. On assumption that your account is already verified, when withdrawing after having used a bonus, the casino may take a little longer processing your withdrawals just to confirm you did not disobey any of the rules they outlined in their terms and conditions. This is a practice there to protect the casinos from ‘casino abusers’.
- Always read the TERMS And CONDITIONS. Besides any other thing you do at a casino, you must read the terms and conditions. This applies especially when taking advantage of a casino bonus. You have to know the games you are not to play, what the betting requirements are, what the size of your maximum bet is allowed to be and more.
Apart from the bonus terms, there may still be other terms and conditions applying to you that you really need to be careful of. After becoming a member of any online gaming arena, look for the bonus terms, the general bonus terms, the general terms, the welcome bonus terms plus any other thing that is important. That way, you can be sure that when the time of cashing outcomes, you won’t be met with any nasty surprises that may slow down your fast withdrawals.
Indeed, choosing the best online casino for quick payments is a challenging process involving many different elements, a case in example is the banking provided by the casino. As such, having a quality casino that processes your cash outs in a timely manner is really of great importance. That’s because the choice of a betting site with slow cashouts could easily ruin your betting experience as an online gamer.
Therefore, the next time you go hunting for a gambling site that pays out quickly, ensure that you consider the points that we have discussed here. That way, once you land on a juicy payout, you can enjoy spending it as fast as possible since you’ve made all the right choices from the word go. Feel free to share this fast paying casinos review with your fellow gambling pals online.
Fundamental Requirements for Any Instant Withdrawal
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In the provision of an opportunity for instant online withdrawal, most sites have laid down requirements that the players should meet before they can access for withdrawal. One of the fundamental requirements is the need for the player to identify himself. Self-identification comes as a precautionary measure against ills such as hacking and fraud that comes with cases of impersonation. The online cases mostly require the gamer to provide scanned copies of their identification cards, which is usually done once. The online casinos have an enhanced system that ensures the documents are legit. The software also checks for double registration, which can provide a leeway for violation of the casino’s terms and conditions. Despite these strict regulations, the good news for the gamers is the provision that any other subsequent transaction would therefore never require such verification since all information rests in the database.
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Verifying Age of the Players
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With such requirements in place, there are minimal chances of fraud when the player is identified and confirmed in equal measure. Not worth forgetting is the fact that through the identification documents uploaded to the online site, the online-based casinos can also verify that the players are over 18-years of age. The measure, therefore, comes as an essential requirement for the online casino. In this regard, the provisions of the laws of different countries about the involvement of children in gambling are cushioned against ills of the game. Still on the age issue, once the casino verifies the age of the player, there is certainty that they can still advance their interests in a host state or country. It, therefore, means that setting the minimum age for online gambling as 18 is a legal requirement for the online casino that the management must abide by in operation. Since most sites have been brought down for facilitating misdemeanor, the casinos hold this element in high esteem for ethical reasons other than the legal aspect of it. Even in an analysis of the various provisions that come with money withdrawals, no banks would allow minors to make withdrawals from their accounts in the first place.
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In conclusion, instant casino withdrawal proves advantageous, especially for its convenience and safety. However, it is only prudent that players must take precautions and employ some inquiry even as the excitement that accompanies withdrawal of money settles in. Issues such as withdrawal limits and bank acceptability are issues that need prior research before signing up for an online gaming experience. All these considerations must, therefore, be looked at from both legal and ethical standpoints, bearing in mind that laws governing gambling are diverse.