The Internet has drastically revolutionized and changed the way people live. With the use of the Internet, people can instantly communicate with one another, regardless of what part of the world they live in, with instant messaging. Through the Internet, people are able to find job opportunities by working for companies remotely. Then, there are the advantages that the Internet has given to the industry of gaming. With the use of the Internet, people can play games such as online casinos.
The number of people immersed in online casinos is continuously growing. According to recent statistics, 96 percent of online gamblers prefer to play at home. Aside from this, it has been projected that the online gambling market value will grow to $100 billion in 2026. In 2020, the online gambling revenue was $66.67 billion. There are several advantages of playing casinos online, including being globally and locally available, the presence of and promotions, being able to minimize pressure while playing, being more convenient since you do not have to travel to the land-based establishment that hosts the casinos, and so much more.
Likewise, there are a lot of things you can use to your advantage when you choose to play casinos online, such as these casino bonuses. Casino bonuses are a bonus amount of money added to your account. This will allow you to play longer, and these casinos bonuses also come with restrictions.
However, before you can continuously play casinos online, you will need to fund your casino account, similar to when playing casinos in land-based establishments. This discussion will discover the best methods to fund your casino account. We will also be answering whether you should use bitcoin to fund your casino account. Let us get to it.
What Are The Best Methods To Fund Your Casino Account?
One of the steps that you have to go through when playing casinos, whether online or offline, is funding your casino account. But for the purpose of our discussion in this article, we will take a look at the methods to fund your casino account, mostly in relation to online casinos.
Once you have joined an online gambling platform, you will need to fund your account if you want to gamble for real money. Funding your casino account or adding funds to your account is referred to as depositing. The process is very simple on most platforms. While these processes vary across different sites, they typically have similar steps in general that are easy to follow. What are the best methods to fund your casino accounts?
1. Credit Cards And Debit Cards
It is very simple to fund your casino account using credit cards and debit cards. They are also considered the most popular method among players. Virtually every gambling platform accepts credit and debit cards, although they do not necessarily accept every single type of card.
Deposits using credit and debit cards are usually processed instantly, so you can expect the funds to be available to use right away. Many sites allow you to withdraw any winnings back to any card used to deposit.
However, be aware that though most gambling platforms accept card deposits, there are card providers that will block transactions.
2. Wire Transfer Or Bank Transfer
Aside from the use of credit cards and debit cards, you may also fund your account via or bank transfer. Most gambling sites allow players to deposit through wire transfer or bank transfer. This is a great option when you want to deposit a large sum of money, if you do not have a credit card, and if you do not feel comfortable submitting bank details online.
Yet, there is a downside to this method. It is not as quick as the others. Withdrawals via wire transfer are possible at most sites, though. Thus, this can be a relatively fast way to obtain your winnings.
You first need to request the relevant bank details to deposit via wire transfer unless the site publishes this information. You will probably be asked to include a particular reference number on your transfer. Once your transfer is received, the funds will be added to your account online. Note though that this does not happen instantly, as there usually is a processing period.
3. E-Wallets
E-wallet is comparable to your online bank account. These e-wallets are generally very easy to set up and fund, and you can use them to spend your money at any online outlet where they are accepted. E-wallets are helpful for gamblers, especially among those who use various sites and are frequently depositing and withdrawing from them.
There are several e-wallet platforms that are popular, including PayPal, Neteller, and Skrill, among many others. Consider using e-wallets for funding your casino account.
4. Prepaid Vouchers And Cards
The other way to fund your casino accounts is with prepaid vouchers and cards. Using prepaid vouchers and virtual credit cards has also become quite popular nowadays. These are preferable options for many who do not have a credit card or e-wallet.
The concept of funding your online casino accounts with prepaid vouchers and cards is simple. You buy a pre-paid voucher or card for a fixed amount and then use that voucher or card to make your deposit. Nonetheless, take note you cannot usually withdraw using this method.
There are various kinds of prepaid vouchers and cards you can use at casino websites. They include Pasteandpay, Ukash, and Paysafecard.
5. Money Transfer Services
If you do not have the resources to fund your casino account with the methods listed above, you may also consider financing it through money transfer services. You can use money transfer services like Western Union to deposit at some sites, although the number of those that offer this method has decreased over the past few years.
Depositing via money transfer services is simple, but the exact process will vary from one site to the next. It is an option for those without a credit card and those in the United States.
6. Checks
Using checks is touted as a very straightforward way to fund your casino accounts. You simply have to post a check, and once it is cleared, the relevant amount will be credited to your online account.
Checks are a secure method since you do not have to share your banking or card information over the Internet.
Beyond these, note that gambling sites also use encryption processes when processing online transactions, making checks a less popular option compared with the other methods.
Should I Use Bitcoin To Fund My Casino Account?
Bitcoins are among the most in-demand currencies nowadays in the online world. Bitcoins are a decentralized digital currency, without a central bank or single administrator, that can be sent from one user to another user on the peer-to-peer bitcoin network without needing intermediaries.
Believe it or not, bitcoins have also dominated the industry of online casinos. This is why there are online casino players who are inquiring whether they can use bitcoins to fund their casino accounts. Welcome to this section of this article, where you will get to know whether you should use bitcoins to fund your casino accounts. Keep on reading.
Gambling with like bitcoins offers players many benefits and opportunities as they play online. You first need to set up your crypto wallet and fund your account to get started. You use your crypto wallet to store, buy, and hold these digital currencies. Think of your crypto wallet as your safety deposit box where you keep your money.
Once your wallet is funded with crypto, you are now ready to top-up your casino account. Log in to your account with your username and password. Navigate to the casino’s “Cashier” or “Banking” section, and choose “Deposit.” Here, you will have to choose your cryptocurrency from the drop-down menu or list of accepted banking methods. You need to provide the email address linked to your crypto wallet. The minimum deposit amount accepted in most websites is 0.0002 BTS or 0.01 ETH. Be sure to meet the limits as the operator may not receive the transaction, and the coins may get lost in the blockchain.
Take note that not all online casinos accept cryptocurrencies. Before you even sign up for your account, make sure to verify that the website supports any of the leading digital coins. Deposits using cryptocurrencies are processed instantly. Thus, you can immediately use it to play and bet online.
Gambling with cryptocurrencies like bitcoins offers a more private and secure way of betting in online casinos and sportsbooks. It offers incredibly fast deposits and withdrawals, and transactions are virtually anonymous. You only need your email for your wallet to start transferring funds. Using cryptocurrency is the best way to bet and have fun with online casino games for players who value privacy. Moreover, in most crypto-focused casinos, you can even find exclusive promotions like free bitcoin as a sign-up bonus. These are only among the reasons why cryptocurrencies like bitcoins are accepted as a viable alternative to most traditional banking options.