A galore of players are gradually getting interested in online casinos as these internet-based casino gaming operators are bestowing them with greater convenience, flexibility, and ease. But, as for playing online, players have to deposit and withdraw money through online means. The safety and comfort in money transaction methods often become a concern in online gamblers.
However, the online financial transaction via multiple payment methods is more than comfortable in online casino platforms since these casinos proffer players with a wide array of safe and fast online payment methods.
Let’s discuss how to process deposits or withdrawals in online casinos with simple steps.
Deposit and Withdrawal Limits
Deposit and withdrawal limits are the highest and lowest amount of money that players can transact with the casino for casino gambling purposes. These limits can be dissimilar in different payment methods. These limits can also vary from casino to casino as all casino operators set their financial transactional limits.
However, most of the top tier online casino providers allow their players to enjoy wide transactional limits. Like in Slots Empire Casino, players can deposit anything between $10 to $2500 through payment methods like Visa and MasterCard, Bitcoin, Neosurf, PayID, and more. The withdrawal limit ranges from $150 to $2,500 at once.
How to Deposit Fund in Your Casino Wallet?
For depositing funds to play gambling games, players have to follow the registration process first. And, players need to select their preferred currency option while doing it. After completing this process, they can deposit the amounts they want by following the below-mentioned steps.
Step 1: Open the casino page by entering your username and password.
Step 2: Go to the cashier page to click the deposit button.
Step 3: A menu containing different payment methods will be visible from where players choose their preferred payment method.
Step 4: Then, they need to insert the amount they want for depositing and insert their banking details afterward (if using credit cards, players may require entering their card number, cardholder name, expiry date, and CVV code). However, these are not needed for using e-wallets or prepaid cards.
Step 5: After authenticating the payment request, the deposited fund will be reflected in their casino wallet balance.
How to Get Withdrawals from Online Casinos?
Getting your winnings out from the casino is as simple as making a deposit. But, this process is not instantaneous as the depositing process. The method of withdrawing amounts from casino wallets is mentioned below.
Step 1: Players have to open their casino account using their casino ID and password.
Step 2: Visit the casino’s cashier page and click on the withdrawal option.
Step 3: The array of payment methods for withdrawals will appear on the screen.
Step 4: Players then have to insert the amount they want to withdraw and enter the banking details.
Some verification can be required when players are requesting withdrawals for the first time. The players need to enter their email addresses in the respective field for completing the request and receive the verification code or link.
Bitcoin is one of the digital currencies available. You can also buy it from a bitcoin market or from another person directly. Bitcoin is not controlled by any one person or bank, so its value is always changing. It also means that it can be used in places where other payment methods aren’t able to be used. One example is online casino games. There are online casinos that accept bitcoins as a deposit but do not give them for withdrawal. There are also bitcoin gambling sites that only deal in bitcoin.
Depositing and Withdrawing
Depositing bitcoin at an online casino is easy. You can have a special bitcoin wallet, such as a USB stick or other external media storage device. These unique USB devices have specific codes that point directly to that location, acting similar to a bank account number. This is how places will be directed to send money and from where they receive it. If you buy bitcoin from an online exchange, be sure to have it sent to your wallet before you send it to the casino! This way they know it came from you. It usually takes only a matter of minutes before the transfer to a casino is completed. Sometimes it happens immediately, sometimes it can take up to ten minutes. But it is usually pretty fast!
Withdrawing can only be done from special bitcoin casinos. It can take up to 15 minutes to withdraw funds. Some online casinos also offer withdrawal in bitcoin, but most just accept deposit. In order to withdraw in bitcoin, you just use your bitcoin wallet address.
Bitcoin casinos are special because they only accept bitcoin for deposit and withdrawal. The legality has not been legislated, so it can be used in situations where credit or bank accounts can’t be. However, gambling laws still apply and so when using bitcoin to gamble, make sure you are of legal age and online gambling is legal in your jurisdiction.
When you create your casino account, a temporary bitcoin wallet is created for you. You use this wallet to deposit and withdraw funds from, as an intermediary to and from the casino. This helps protect your identity and location, and so anonymity is the major draw of bitcoin casinos.
These are the differences of bitcoin casinos from regular online casinos, and the basics of depositing and withdrawing bitcoin. Since it is usually such a quick transaction, playing with bitcoin is relatively simple! It also provides you an opportunity to play at bitcoin only casinos, which gives you more options when it comes to choosing a casino.
The Verification Process
Verification processes of online casinos are quite common for players requesting withdrawals for the first time. It can also be applied in later stages if significant amounts of money are going to be withdrawn.
Verification falls into standard procedures of online casinos as they adhere to their regulatory and security protocols. Hence, this procedure is vital for both casino operators and players. Documents like scanned copies of driving license, passport, utility bills can be required for authenticating players’ identity and address so that the amount doesn’t get into the wrong hands.