Virtual Casino: How to Use Cryptocurrencies and Alternative Deposit Methods

Mar 03, 2021 1
Virtual Casino: How to Use Cryptocurrencies and Alternative Deposit Methods

Sometimes making online casino deposits is not an easy task, depending on the country in which you are living, you can find it really tricky. Some countries don't allow online casino deposits from a bank account or another funding source, because of its gambling laws, so players have to look out for other options.

Let's take a look at the different deposit methods available at some online casinos.

Prepaid cards

One of the most popular options for depositing at online casinos is the Vanilla Visa prepaid card. In countries like the US, where the gambling laws disallow banks from doing transactions with online gambling sites; that is why prepaid cards are among the most used methods of transferring funds to a gambling account.

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There are plenty of casinos that accept visa prepaid cards, although not all of them do. The majority of gambling sites that accept credit payments usually also take prepaid cards.

However, you can find this information available on the internet, and learn which casinos accept prepaid visa cards, which are the casinos that accept Mastercard prepaid cards (or even other brands).

Prepaid cards are a secure and safe way to fund your account. Some gambling sites offer great promotions to entice players to use them. Many players prefer them since they offer anonymity and fast transactions.

These cards offer many benefits. One of them is that they grant privacy since they don´t contain your personal information; the vanilla visa gift card online gambling method is anonymous and does not have to be associated with any bank account or credit card.

Another benefit is that they are widely accepted, almost any online casino that accepts visa credit payments, will probably accept visa gift cards.

The prepaid visa card online casino method is easy to buy. Players can purchase the card at e-commerce sites, retail stores or even at pharmacy store chains.

Cryptocurrency

Because of the boom in cryptocurrencies, there are many online casinos that accept these digital currencies as payment method. They are known as "Bitcoin casinos" or "cryptocurrency casinos". Such an option is interesting not only for those who have invested in cryptocurrencies but for players in general.

One of the most famous and known cryptocurrency is “Bitcoin”; however, there are many others on the market (more than 1000). So it is important to clarify that bitcoin is not the only cryptocurrency most casinos accept. Most casinos also offer great bonuses for using cryptocurrencies.

This method grants total anonymity as prepaid cards, and it has no direct connection to a bank account or credit card. Cryptocurrencies are really safe and fast, you can make fast deposits and fast withdrawals casino transactions, which will be available almost immediately.

Bitcoin is known as one of the best ways to pay online because it is the fastest, it is cheap, and it keeps your privacy since you don't have to share your personal and financial information in order to use it.

The transaction fees are also lower regarding cryptocurrency; that way you get to keep more of the money you won, unlike what happens when using standard payment methods.

Conventional methods have usually higher fees at online casinos, as they do anywhere else. However, cryptocurrencies fees are lower, allowing players to collect more money from their winnings. Some cryptocurrency casinos don't even charge fees for withdrawals.

For example, ignition casino withdrawal bitcoin transactions are free of fees, but all deposits must be wagered completely before requiring withdrawals. If players don't meet this requirement, the withdrawal is subject to a 10% deduction.

It is important to keep in mind that not every online casino (e.g., sa gaming) has the same policies regarding withdrawals, therefore it is essential to read all the necessary information available on the site before gambling. Especially when talking about the time you will have to wait for your withdrawal to be credited.

Each casino has its own time scales, which also depends on the withdrawal method. However, the majority of the bitcoin casinos offer instant payouts; at the moment you request a withdrawal, the process is almost instantaneous. This means you practically won't have to wait, and you will get your money right the way.

The opinions and assessments expressed in the text are the views of the author of the article and may not represent the position of Cryptogeek. Do not forget that investing in cryptocurrencies and trading on the exchange is associated with risk. Before making decisions, be sure to do your own research on the market and the products you are interested in.


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