Traditionally, if you wanted to win money at a land-based casino, you would either need cash, or either a debit or credit card. This means that there isn’t generally a lot of choice available for banking at most casinos. The online world of casino gaming tends to be different, where players are given a range of different banking method at their disposal.
The various methods offered come with their own, unique pros and cons, but are generally significantly better than what you’d find at your local casino.
Debit And Credit Cards
This is the standard way of moving money to and from an online casino, and the most widely used. The ease of use means that everyone can create an account and start playing without needing anything extra. The downside to using cards is that there are often heavy bank fees, and transaction times can take up to a full business week to complete. For the player who isn’t interested in using online e-wallets or other methods, a credit or debit card is almost always the easiest way to go about it.
E-wallets have become increasingly popular over recent years and are primarily focussed on offering convenience above all else. There are plenty of different e-wallets to choose from, and it’s worth checking out them all before making a decision.
An e-wallet is functionally an online bank account, but with a few extras that make it a great choice for most players. There are two main benefits to using e-wallets. The first is that there are often lower, or no banking fees applied when sending or receiving money. Secondly, transactions tend to complete much faster than debit or credit cards, sometimes taking as little as a single working day.
Some reputable casinos even offer unique bonuses that are applied to players that use specific e-wallets for their transactions, whether it’s for slots of online blackjack real money games.
Prepaid cards provide another way to have a separation between you and your favourite casino. You can buy these cards at most stores and load up a specific amount of cash on them. Once home, you can use the code of the card to send any amount of cash that you wish to your casino. These cards can also often be reloaded with cash the next time that their balance has run out.
Considered something of the new kid on the block, cryptocurrencies are nonetheless a great option for some players. They are becoming more widely adopted by more and more casinos and offer a few advantages that other banking methods can’t match.
Perhaps one of the most appealing aspects of using a cryptocurrency is that the player does not have to reveal any personal information during transactions. When using a debit card, for example, the player will need to add their name and other identifying information. A cryptocurrency, such as Bitcoin, means that you can remain as anonymous as possible – digital privacy is becoming a much more important issue.