PayPal

PayPal rose to prominence thanks to its close ties with eBay, and now it’s one of the world’s largest Internet payment companies, with almost 200 million users worldwide signed up. With a user-base that astronomical, it’s no surprise PayPal is also one of the most popular payment options used at online casinos and bookmakers. With so many players looking for casinos to deposit via PayPal, we’ve put together this complete guide to online gambling with PayPal!

What to Know About PayPal

The US-based online payments system originated in 1998 as Cofinity before some behind-the-scene shake-ups resulted in a rebrand as PayPal in 2001. The company then went public in 2002 only to be acquired by close partner – and largest adopter of PayPal – eBay for $1.5 billion later that year. In 2015, eBay announced PayPal would be spun-off into a separately traded company.

By 2014, PayPal was moving well over $200 billion annually in over 30 different countries. PayPal’s established a brand presence, extensive security measures and overall accessibility has turned this once eBay feature into one of the most prominent eWallets to ever hit the web. There are few online casinos and bookmakers anywhere in the world that do not accept deposits via PayPal.

Why You Should Gamble Online with PayPal

Privacy seems to be the main draw to PayPal as a primary depositing and withdrawing option at online casinos. When using PayPal, players’ personal bank account and card information are never transmitted across the web or even to the casino site itself. Thanks to the PayPal account all users sign up for, personal banking information is never passed along to a third party.

On top of the added security and safety of PayPal, online casino goers love the speed of PayPal depositing. A player who chooses to deposit via a PayPal account will instantly see their funds added to their casino account; no need to wait for processing or anything time consuming like that. Players are instantly given access to their deposit so they can start playing right away.

Advantages to PayPal Services

The advantages to PayPal as a whole are generally whittled down to two main features: security and speed. But PayPal is comprised of a few different services including PayPal Access Card and PayPal.Me to name a few. These more unique services of PayPal carry their own advantages, which are laid out below:

PayPal eWallet

  • Unite credit cards, debit cards and bank accounts in a single, online space.
  • Pay online with just your username and password.
  • Receive payments from individuals and businesses, which can be used to make purchases or transferred to your cards/bank accounts.

PayPal App

  • Send and receive payments using a mobile number and PIN.
  • Pay in-store at selected outlets.
  • PayPal Access Card
  • A physical MasterCard debit card linked to the PayPal e-wallet.
  • Make payments like a normal debit card.
  • Withdraw PayPal funds from ATMs.
  • Touch payment with PayPass.
  • Business Solutions
  • Receive payments in-store.
  • Receive payments via online stores.
  • PayPal Here card reader accepts card payments anywhere.
  • Receive money transfers.
  • PayPal.Me
  • Peer-to-peer payment available.
  • Permits players to send a request for funds via text, email, or other platforms.
  • Launched in 18+ countries.

Finding the Top Rated PayPal Casinos

eBay is directly linked to PayPal, but thousands of shops, both online and on the high street also accept PayPal. A full list is available on the PayPal website and includes all major online gambling sites. The PayPal Access Mastercard is accepted everywhere that accepts MasterCard, and PayPass can be used for travel on London’s TFL network.

How Do I Sign Up with PayPal?

The online sign-up form is free, quick and easy, you’ll just need to supply you: Name, Email Address, Chosen Password, Physical Address, Bank or Credit/Debit Card Details and Date of Birth. Verification will be necessary for certain services, which means you’ll need to supply PayPal with: Proof of Identity (a scanned copy of your passport or driving licence) and Proof of Address. At the time of writing, the PayPal Access Card is available by invitation only in the UK.

Does PayPal Cost Anything?

Owning an online account, including the e-wallet and PayPal app, and making payments are free. However, some services are charged. These include:

Currency Conversion: Paying in a currency different from that of your PayPal account will incur a conversion charge of between 0.4% and 7.4% of the transaction, depending on the currencies and whether the money comes from a bank account, debit or credit card.

Transferring Money Abroad: A cross-border fee of 0.3% and 7.4% of the total transaction is applied to money being sent abroad, depending on whether you find the transfer with a bank account, credit or debit card, and where the money is sent.

Receiving Payments: Money transfers are free if funded by PayPal balance, bank account or debit cards, but credit card transfers carry a 3.4% + 20p fee, and the sender chooses who pays.

Seller Fees: If you’re selling, whether via eBay, virtual store or real store, fees range from 1.4% + 20p to 5% + 5p per transaction.

The Safety and Security of PayPal

PayPal offers all users Buyer Protection, so if a purchased item fails to arrive, or doesn’t match the seller’s description, PayPal will reimburse you. Transactions never involve sharing personal or banking details, reducing the risk of fraud; and PayPal encrypts and monitors every transaction, 24/7, to prevent against fraud and identity theft. PayPal also has a dedicated Resolution Centre to deal with customer problems and payment disputes.

Sofort

Sofort Überweisung is a real-time online payment service founded in 2005 in Munich, Germany initially under the name Payment Network. In 2012 the service changed its name to Sofort AG and nowadays, besides being the number 1 online payment service in Germany, the company has branches in another 10 countries (Switzerland, Belgium, Austria, the Netherlands, the UK, France, Italy, Poland, Spain and Hungary) of which the residents can use the service. Sofort Überweisung (in English: Sofort Banking) offers a safe and reliable online payment service accepted by more than 25.000 web-shops and online entities (under which many online casinos), carrying out more than 2 million payment transactions per month.

As Sofort is acting as a “middle-man” no personal information of the depositor is revealed to the recipient of a deposit. And according to the payment service provider itself since 2005, there has been no information leakage or cases of identity theft whatsoever as a consequence of their payment services (hence their position as the most popular online banking method in Germany).

This is due to the two-layer security measures the company uses, consisting of the PIN-code (or password/username) of the depositor in combination with a Transaction Authentication Number (TAN-code). The TAN-code can only be used for one specific deposit and after the money is transferred becomes immediately invalid. So even if someone knows the Pin-code of a depositor the transfer is still safe as the TAN-code used by the depositor (only once for a specific transaction) must be known also to make a malevolent action possible.

Paying with Sofort when using an online casino

Sofort Überweisung works with the online banking account of the depositor. Simply opt for the Sofort Überweisung payment method in the online casino of your choice and fill in the desired amount you want to deposit in the dedicated input box on the casino’s payment page. Then choose your online banking system (that’s connected to the Sofort network) after which you will be redirected to the Sofort set up page. Fill in the transfer form of the same, together with your PIN-code and/or Transaction Authentication Number (TAN-code) provided by your bank. Within 30 to 40 seconds the deposit will arrive on your casino account.

For using the Sofort Überweising service to make a deposit in an online casino in most cases no fees are charged. Normally the minimum deposit allowed by Sofort Überweisung is no less than €10. The maximum amount of money that can be deposited using this banking system depends on both the online casino and possible restrictions of the bank of the depositor.

What to do when using Sofort as a method to withdraw your casino winnings

If you want to withdraw using Sofort Überweisung it’s best to contact the customer support of the online casino in question you want to withdraw the funds from. In order to withdraw with Sofort first, a deposit must be made by using the same service.

The withdrawal procedure is normally the same as making a deposit. On the pay-out page of the online casino, you choose for Sofort Überweising as the withdrawal option. As the casino has stored your Sofort Überweisung information from the time you made a deposit this info will be used by Sofort to transfer your casino account funds to your personal online banking account (that’s why in order to withdraw with Sofort first a deposit using the service must be made).

The withdrawal will instantly arrive on your bank account and possible fees or withdrawal limits depend on the online casino.

What are the advantages of using Sofort

There are several advantages when using Sofort Überweisung to make a casino deposit or withdraw funds.

  • First of all, it’s completely secure as, both during a deposit as well as during a withdrawal, no personal financial information is exchanged between the player and the casino. Above that the two-layer security measure that Sofort applies (PIN-code and TAN-code) provides for an extra safety criterion that makes it impossible for third parties to interfere with the transaction.
  • Second, a Sofort Überweisung payment is instantaneous and there is virtually no delay in having your deposit or withdrawal available on either your casino account or your bank account.
  • Third, there’s no need to open an account or register at Sofort and anyone that has an online banking account at a bank connected to Sofort can use the service.

Are there any disadvantages to using Sofort as your casino payment provider?

A disadvantage of Sofort Überweisung is that their service is only available to players from certain countries and who have an account at a bank connected to the Sofort network.

Another disadvantage can be some online casinos will allow players to make a deposit using the Sofort Überweisung but not a withdrawal. Also, some casinos only allow players from Germany to deposit and withdraw with Sofort.

How do I know if I can use Sofort as my type of payment

Sofort Überweisung as a payment method in online casinos is becoming more and more available, especially in internationally operating casinos or online casinos that are directed towards players from countries in which the service is available (starting with casinos focused on players from Germany). Have a look at the sidebar on this page to see which Netent Casinos allow Sofort Überweisung payment

GiroPay

Giropay is a Germany based direct online banking system that was established in 2006 by German savings banks, Postbank and several credit unions. The service works through the online banking accounts at some 1500 German and Austrian banks and serves about 17 million customers. Nowadays more than 1 million payments per month are effectuated by the Giropay service. The latter fact makes Giropay the second most used online payment method in Germany, after Sofort Überweisung that carries out about 2 million transactions per month (but is also active in 10 other European countries).

The procedure to make an online payment by using Giropay is the same as most other direct online banking services.

At a web-shop or other online products selling or services providing enterprise, the customer chooses Giropay as the payment method to use and the bank at with his or her internet banking account is situated. The customer is redirected to the login page of the bank account.

The bank will display all data concerning the transaction and the customer is asked to enter an account number and the associated PIN-code. Subsequently, the bank will send a Transaction Authentication Number (TAN-code) that the customer uses to confirm the transaction. The bank will authorize the transaction and send the payment in real-time to the receiving party, deducting immediately the send amount of the depositor’s account and send a confirmation of the payment to the receiving party. After this, the depositor is redirected back to the receiver’s website with a confirmation the payment has been made.

All the above means the Giropay payments are secure (by means of the customer’s account number in combination with the PIN-code and the TAN-code that’s needed to make the transaction) and instantly (all is done in real-time).

Another pleasant feature of Giropay is that it’s completely anonymous as neither personal nor financial data of the depositor is disclosed to the receiving party.

Up to € 5000 payments are guaranteed, however, deposits made with Giropay can’t be cancelled.

Using Giropay for depositing and withdrawing with your online casino

In an online casino, a player needs to choose Giropay as the payment method on the casino’s deposit page. After this, the same procedure as above described is followed to make the casino account deposit.

The player is redirected to the chosen bank, fills in the bank’s online transaction form, authorizes the payment with the TAN-code and immediately the bank will send the chosen amount to the casino. The deposited funds are instantly available on the casino account.

What is the process of withdrawing my winnings with Giropay?

Also withdrawing funds from the casino account follows the same procedure and normally the requested amount to be paid out is instantly available on the personal bank account of the player.

What are the advantages of working with Giropay?

There are several advantages of using Giropay in online casinos:

  1. It is a completely safe and secure payment method.
  2. The payments are carried out immediately so there’s no delay in the deposited amount becoming available to play with.
  3. There’s no extra registration at a third party required as the player uses his or her regular internet banking account.
  4.  Payments by Giropay are anonymous as no sensitive data about the depositor whatsoever is exchanged with the casino.

What should I be aware of before I use Giropay?

Probably the biggest disadvantage of using Giropay is that for the transactions a fee is charged. These fees differ per bank that is used to make the payment (the online bank account of the player, that is) but normally between 0,9% and 1,2% is charged, plus € 0,08 per transaction.

Another disadvantage is that Giropay is only available for German and Austrian players. However, the German and Austrian banks affiliated to Giropay are striving to expand the possibilities to use the system also for transnational payments.

Where can I use Giropay?

Giropay can be found in most online casinos that accept German and Austrian players to subscribe to their online betting and casino gaming establishment. To find out which Netent Casinos support Giropay deposits and withdrawals have a look at the sidebar on this page where those casinos are listed.Neteller was one of the first payment methods to send and receive money by the internet and was traditionally mainly used in the international online poker world. Nowadays, it is still a highly popular banking method in the online casino gaming community, and the number of casino players who use Neteller is still growing day by day.

For players that prioritise ease of use and speedy transactions, Neteller is definitely the way to go. Safe, secure and widely used, Neteller is an attractive option that will appeal to casino players who want one payment method that can be used for a number of different purposes, including topping up their account.

Neteller is a player’s choice

Some of the advantages you may find when using Neteller include, their security and speed are a high priority, making this e-wallet a natural choice for casino players

  1. Signing up is free and the platform is easy to use
  2. Many casinos offer Neteller as a depositing and withdrawal method
  3. It is accepted in many e-commerce providers, making it a versatile payment method
  4. Using your e-wallet only requires you to remember your account ID – no complicated codes or personal information required!
  5. Transfer your funds to your bank account easily with a bank transfer.

Making your first deposit using Neteller

Using Neteller as the payment method at your casino of choice is very straightforward, whether making deposits or withdrawals.

The most important thing you need to remember when using this e-wallet is your account ID and security code. There is no need to memorise complex strings of code or anything else.

This is enough information to transfer funds into and out of your account. Ease of use is definitely one of the advantages of this e-wallet platform, something that extends beyond casino play and into general use across the web

Some casinos have been known to limit players using specific payment methods from claiming specific bonuses, Neteller included. However, for the most part, online casinos welcome Neteller users, whether or not they choose to activate a bonus there.

A careful verification process is employed. Users will be asked to verify their account by sending copies of their official ID documentation. This process can take some time, but it shows that Neteller is willing to go the extra mile to protect its users.

Transferring funds between Neteller and other payment services can incur a charge. This is calculated as a percentage of the amount being transferred and is a common feature among e-wallets and should be factored into a player’s gaming budget.

Which casinos are the best for Neteller

Determining whether you should or should not play at a particular online casino requires taking a few factors into consideration.

Licensing, games selection and support structure are a few and the range of payment methods available is also worth thinking about.

We have put together a list of casinos that offer Neteller as a payment method. It is rare that casinos only offer one or two methods, so you’re likely to notice a number of other ways to transfer funds at these sites as well.

The more choice players have, the better, and this in itself can be taken as an indicator of a casino’s quality as well.

Skrill

Skrill, known previously as Moneybookers is an e-wallet service based in the United Kingdom and one of the most popular and fastest payment methods by which players can transfer money to and from online casinos. With over 500 participating Skrill casinos (many of which are the best casinos in the industry) and 36 million members worldwide, they have emerged as a leader in the online gambling world and elsewhere. With a variety of funding methods, instant account access, and their global presence, it’s easy to see why. Here is the list of all casinos accepting Skrill at AskGamblers.

What is Skrill actually?

Skrill (Moneybookers) is a type of an e-wallet. To be more precise, it is an e-commerce business that allows payments and money transfers to be made through the Internet. Using Skrill, you are able to load your account with money, send it to various merchants, or withdraw your money back into cold, hard cash. Because of this, you do not have to provide any Skrill casino with your own financial information; it is all kept strictly with Skrill.

How to get a Skrill account?

Another big plus with Skrill is the ability to get your account running in just a few minutes. All you have to do is visit their website (www.skrill.com) and fill out the registration form. Once you have registered, you are free to begin using it. In order to make a casino deposit, you will likely need to verify a few things, however.

Who can use Skrill?

Skrill is home to many global businesses, meaning that people all around the world can create an account and start using it. Although Skrill does accept users from the United States of America, UIGEA regulations prevent them from allowing US players to make deposits to or withdrawals from any online gambling merchant.

How to deposit funds?

To make deposits to your Skrill account, you have a variety of options at your disposal. The single most common method is by using your credit or debit card. Skrill accepts all major credit cards and processes them instantly with only a 1.9% fee. In order to use this method, you’ll just need to verify your credit card through the Skrill website.

If you would like to make deposits without processing fees from Skrill, you may also use the wire transfer method. This cannot be done automatically. If you’re interested in using the wire transfer, you’ll need to start the transaction with your bank account using the details provided by Skrill. The transaction takes between 2 to 5 days.

Many locations also have access to certain local funding options. If you are on the list of supported countries, you will likely be able to send an automated bank transfer or cheque. Other options include third-party online payment services and less common credit cards. Most of these entail some kind of fee, so make sure you fully understand a method before using it.

How to withdraw funds?

When you decide to withdraw your funds from your Skrill account, you can do so via postal cheque or wire transfer internationally. Residents of most major areas also have access to an automated transfer, withdrawal back to a Visa credit card, or courier cheque. Each of these methods comes with a fee, so make sure you weigh the pros and cons of each before deciding which one to go with.

 

Are there any disadvantages to using Skrill?

Out of all the e-wallet solutions that can be used to fund and cash out your transactions, Skrill continues to be one of the most hassle-free. Although you will be faced with limits when you first create your account, they can be raised significantly with minimal effort. Depending on your location, you may be able to verify your identity, credit cards, and bank accounts to raise your limits.

 

Get your Skrill Prepaid MasterCard

If you live in virtually any European country, you can have access to your Skrill funds with a MasterCard directly linked to your balance. Just fill out the application on the website and if you qualify, you will be mailed your own prepaid card valid at any merchant that accepts MasterCard. With a €10 annual fee and only a €1.80 charge for ATM withdrawals anywhere in the world, it’s considered the best way to access your Skrill funds by the majority of Skrill users.

Neteller for online casino payments

For players that prioritise ease of use and speedy transactions, Neteller is definitely the way to go.

Safe, secure and widely used, Neteller is an attractive option that will appeal to casino players who want one payment method that can be used for a number of different purposes, including topping up their account.

Neteller advantages

Some of the advantages of using Neteller for online casino payments include: security and speed are a high priority, making this e-wallet a natural choice for casino players

  1. Signing up is free and the platform is easy to use
  2. Many casinos offer Neteller as a depositing and withdrawal method
  3. It is accepted in many e-commerce providers, making it a versatile payment method
  4. Using your e-wallet only requires you to remember your account ID – no complicated codes or personal information required!
  5. Transfer your funds to your bank account easily with a bank transfer

Depositing with Neteller for the first time

Using Neteller as the payment method at your casino of choice is very straightforward, whether making deposits or withdrawals.

The most important thing you need to remember when using this e-wallet is your account ID and security code. There is no need to memorise complex strings of code or anything else.

This is enough information to transfer funds into and out of your account. Ease of use is definitely one of the advantages of this e-wallet platform, something that extends beyond casino play and into general use across the web.

Some casinos have been known to limit players using specific payment methods from claiming specific bonuses, Neteller included. However, for the most part, online casinos welcome Neteller users, whether or not they choose to activate a bonus there.

A careful verification process is employed. Users will be asked to verify their account by sending copies of their official ID documentation. This process can take some time, but it shows that Neteller is willing to go the extra mile to protect its users.

Transferring funds between Neteller and other payment services can incur a charge. This is calculated as a percentage of the amount being transferred and is a common feature among e-wallets and should be factored into a player’s gaming budget.

What are the best casinos to pay with Neteller?

Determining whether you should or should not play at a particular online casino requires taking a few factors into consideration.

Licensing, games selection and support structure are a few and the range of payment methods available is also worth thinking about.

We have put together a list of casinos that offer Neteller as a payment method. It is rare that casinos only offer one or two methods, so you’re likely to notice a number of other ways to transfer funds at these sites as well.

The more choice players have, the better, and this in itself can be taken as an indicator of a casino’s quality as well.

Paysafecard

If you’re after a way of depositing at an online casino anonymously which doesn’t require dabbling with cryptocurrencies, Paysafecard is a fantastic option.

After being around since the turn of the recent millennium, many gamers have made Paysafecard their deposit method of choice.

What are the main benefits to using Paysafecard?

There are many advantages of using Paysafecard to make deposits at your favourite gambling platforms, and many are unique to this payment method itself. Here are a few examples:

  1. Deposits are fully anonymous
  2. No fees are incurred when using it at online casinos
  3. Your account balance will be immediately topped up
  4. The service is easy and user-friendly
  5. It can be a great way of keeping an eye on your budget
  6. How can you deposit into your bankroll with Paysafecard

So, we’ll briefly go over the process of how to make a deposit using this particular option. The system works by issuing a 16-digit PIN code which you then enter when making a payment online.

To obtain one of these codes, you can either pay over the internet or find a local outlet using their website. Once you’ve done this, you’re ready to start playing at an online casino with Paysafecard.

Simply navigate to your chosen portal’s deposit page, select Paysafecard as the option and enter an amount you’d like to play with. Once this is done, you’ll need to enter the unique 16-digit code before payment is complete

The funds will then be placed into your account within a few seconds, ready for you to use on the very best online casino entertainment.

It doesn’t matter whether you’re intending to use Paysafecard on a desktop or a mobile device as the system will work with both. The key part is the code, which you can easily input using your preference of physical or virtual keyboards.

Please note that you can’t combine codes to create a larger overall deposit at online casinos, while any leftover money will remain on the same card for you to use at a later date.

Also, you, unfortunately, can’t use this same method to withdraw any funds you win, with online casinos requiring you to select an alternative for this matter.

Online casinos trust Paysafecard

Now that you’re aware exactly how to use the Paysafecard online casino, we’ve got a perfect selection of platforms to get you started.

Although the payment method itself is extremely secure and trustworthy, not every gambling platform that accepts it will be. In short, you need to be able to guarantee that a casino is genuine alongside its ability to accept Paysafecard.

 

Sounds like a lot of work comparing, doesn’t it? However, we’ve done the bulk of the job for you, with all the options listed above demonstrating the utmost quality and professionalism.

So, we’ll leave the final part to you – choosing the Paysafecard casino to welcome bonus which best matches your expectations!

Click2Pay Payment Method

Click2Pay is yet another payment option that all those online casino players can use. It is known as one of the most preferred and safe payment methods out there and there are millions of users who are using it. The reason for this is because it has been using one of the best encryption technologies out there taking the privacy and security to a whole new level. After all, this is one of the biggest advantages out there – you do not have to worry about your personal information and this might be the leading point that will make you choose this eWallet rather than any other payment option out there.

How do I open a Click2Pay account?

Another positive thing about Click2Pay is everything is extremely easy. If you want to open an account, then all you have to do is to fill the form by following the instructions. Once you are ready with the registration, you will be able to start making transactions through your account.

When it comes to online casinos, you need to know that there are many options that will let you fund your account. Click 2 Pay accepts funding via MasterCard, Visa and many more popular technologies. There is also a minimum sum that you can deposit – €20. Our advice is to make a bigger deposit because some online casinos give bonuses depending on the deposited sum.

Click2Pay has an online support that works 24/7 and once you make the deposit you will be able to start playing immediately. There are many casinos that accept this kind of payment, so you will have a wide variety to choose from.

Sooner or later, you will want to withdraw your winnings, and this is why it is extremely important to know how the process goes. Needless to say, it is as easy as depositing the funds. The official site of the payment method provides a complete guide on how to do this. So in case, you need such information you can always go there and search for it. There are also 24/7 support phone lines – if you are having any problems with the interface of the website,

There are some additional features as well

While credit card transfers are a subject to a minimum fee of 3%, the eWallet is completely free – this is yet another reason that might help you make your mind choosing Click 2 Pay. If you want to withdraw your winnings, make sure they are above €30. The service can be used worldwide. Click2Pay is one of the most preferred payment methods for online casinos and millions of people are using it. If you are looking for a secure and reliable way of funding your casino account, consider using Click2Pay.

Bank Transfer

Sometimes called ‘wire transfer’, the bank transfer payment method is possibly one of the oldest ways of sending money, even predating the internet by several decades. Despite its venerable age, the bank transfer is still a very popular choice among casino players and many online casinos offer this option.

 

Using your bank – A classic method of payment

Here’s why that is:

  • Bank transfer is available for deposit/withdrawal at the majority of online casinos
  • It does not require the setting up of additional user accounts
  • Banks take security very seriously and protect their customers’ funds well

Using your bank to deposit and withdrawal

At its most basic, playing at an online casino requires only one thing – a bank account with money in it. A number of high-tech, virtual solutions have sprung up over the years, aiming to appeal to an increasingly connected audience. Through it all, players have continued to use bank transfers to top up their casino accounts as well as for other uses. Why has this old-school payment method stuck around?

For one thing, it is, for the most part, already there. It is not unreasonable to assume that anyone old enough to play at an online casino has a bank account. That means that they do not need to sign up to any service or remember any new account details – the hard work has already been done! It helps that banks have also caught on to the power of the web and offer internet banking, putting this payment method into the same realm of convenience as the others.

Players unsure of this method of transferring funds often raise the spectre of security – performing a bank transfer necessitates that the receiving party (i.e. the casino) is aware of your identity. Even in this age of high online security, some players express misgivings about this kind of data travelling over the strands of the web.

The answer to this problem is both simple and effective. A secondary bank account, one independent of your savings, makes it a lot less worrisome to share your banking details. It also makes it a lot easier to keep track of your casino budget, keeping you from spending more than you should and letting you track deposits and withdrawals more accurately.

Bank transfers do tend to take longer than other payment methods, but this too can be viewed as a positive. A longer wait period can help gamblers take control of their activities and keep them from developing unsustainable gaming habits. Overall, bank transfers might be an older way of doing things but there certainly have their advantages, particularly for conscientious casino players.

Topping up your bankroll with a bank transfer

If we’ve helped you settle on bank transfer as your payment method of choice, the next logical step is to point you in the direction of some quality casinos. Most, if not all, casinos allow deposits and withdrawals via bank transfer, so your options are varied in this case.

Check out the following casinos, which will let players deposit and withdraw their cash via bank transfer.

Crypto is a worldwide digital payment system, called the first decentralized digital currency, as the system works without a central repository or single administrator. Take Bitcoin for an example, It was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin

Main advantages of the game with the use of cryptocurrencies

Main advantages of cryptocurrency regardless of what currency the player uses for bets, he has several advantages. We will talk further about the merits of the game so that everyone can appreciate and understand whether it is worth making bets in the cryptocurrencies.

You should pay attention to the fact that all transactions using bitcoin, lightcoin, dogecoin or ethereum have a high level of protection. In this case, you do not need to enter any personal data. You can regularly change the e-wallet address to protect yourself as much as possible.

This high level of security protects you against fraud. You do not have to worry about any security breaches of financial transactions when using this form of online digital payment. The use of special software for making transfers, allows you to encrypt data in such a way that the probability of hacking is reduced to almost zero.

The absence of payment for transactions or minimum commission. Not all payments with the help of cryptocurrencies are taxed, they also go around the standard banking system. Therefore, no casino houses do not incur obligations to take any commission.

The honesty of online casino. The use of cryptographic algorithms allows you to verify how legitimate the outcome of the spin is.

 

Disadvantages of using cryptocurrency for online casino payments

Unfortunately, there are also disadvantages in the best online casinos with deposits in the cryptocurrencies. First, no one can be 100% sure of the reliability of Bitcoin, Litecoin, Dogecoin or Ethereum. This is due to the fact that virtual money is not subject to any controlling authority. Theoretically, it is not possible to influence the course of the cryptocurrencies. However, players still can not rule out the possibility of a fall in the exchange course.

 

It should also be noted that while playing in bitcoin or other online money there is a slight delay. After each bet, it will take at least 15 seconds for the system to form the unit and you can continue the game.

 

How to use the service of cryptocurrency?

If you want to make bets in the cryptocurrency, then you should know a few simple rules. In principle, replenishing a deposit in the form of Bitcoin, Litecoin, Dogecoin or Ethereum practically does not differ from other payment methods. You only need to get an electronic wallet in the chosen cryptocurrencies. Then go to the online casino site in the section with payments and follow all instructions. In most cases, the e-wallet will be generated in а casino houses, to which bitcoin or other cryptocurrency is necessary to add.

 

To conclude

The active growth of the online gambling industry and the high popularity of the cryptocurrencies have become the main incentives for combining these two spheres. Today, many casinos open with deposits in the cryptocurrencies. You can make bets in Bitcoin, Lightcoin, Dogecoin and Ethereum in them. Maybe, soon the traditional methods of payment will go to the background and the leading positions will be taken by transactions in the cryptocurrencies.