How To Deposit and Withdraw Money at Online Casinos

16 January 2021 6 minutes to read
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Online casinos can bring you a lot of fun 24/7. If you want to win real money, you must risk your own money in return. How do you get your money into an online casino? First, you must search for a trustworthy USA casino online. Then you must make a deposit, not so? We tell you how to deposit at casinos online. In the same vein how to withdraw your money too.

 

Open an Online Casino Account

Before you can even consider making a deposit. You need to open an online casino account. Once you choose the casino you’d like to play at, press the Sign Up button. Then, you’ll have to fill in your details. The registration process won’t take you more than a few minutes. Moreover, check that all the info about you is correct. If you don’t provide the proper info. It will lead to problems especially when you request a payout.

 

Check Out The Bonuses and Promotions

Many US casinos will ask you to deposit straight up after you’ve opened a new account. That might be a good idea, but you should take some time out. Do a bit of research about the casino’s bonuses, its comp scheme, cashback on losses, and how it retains its loyal players.

The thing is, you’ll want to get a deposit bonus on your first deposit. Take a closer look at the casino’s bonus terms and conditions. There are three things that you need to pay attention to.

The first is how much bonus money you’ll get and what the deposit limits are. The second is the qualifying deposit. Most casinos require a small deposit of $25 up to $100 to qualify for the bonus. In certain cases, deposits made via certain banking methods qualify for a bonus. Also, casinos offer high roller bonuses where players must deposit $500 or more to qualify for it.

The third is the wagering requirements. If you won’t be able to fulfill the WR, then it’s best to avoid the bonus. Look for different promotions or even swap online casinos, if need be. Playing without a signup bonus is a mistake you should never make. Because a bonus boosts your bankroll with hundreds to thousands of dollars.

At this point, you should have a fresh online casino account and a solid grasp of the match bonus.

 

Make a Deposit

Now is the right time to actually make a deposit. Go to the Deposit section of the casino and see which deposit methods it offers. You already know if there are deposit methods that won’t work for your sign up bonus, so avoid those.

Most USA online casinos offer a number of ways for you to deposit. The most common are debit cards, e-wallets, credit cards, and bank wires. Some casino sites online accept e-wallets like PayPal, American Express, Western Union, or Skrill.

If you are into cryptocurrencies, you can deposit with Bitcoin, Litecoin, Ethereum, Bitcoin Cash, or XRP. Due to the gambling restrictions of the United States. Most American-friendly casinos online now accept cryptos as deposit and cash out options. Furthermore, Bitcoin Casinos clear withdrawals within a few minutes up to a few hours.

You can choose your preferred deposit method by simply clicking on it. Then, you’ll enter how much you want to deposit and confirm the action. Follow the instructions as displayed by the online casino.

 

Wait for the Money to Arrive

Once you submit your deposit, wait a bit. It can take a few seconds for the money to show in your account. It all depends on which banking method you provided when you signed up.

Deposits made by credit cards, debit cards, and e-wallets like PayPal are usually instantaneous. That means that your money will be in your online casino account in a matter of seconds or minutes.

If you use a bank wire to deposit. It takes a few business days up to a week before the casino receives it. Which makes bank wire one of the worst deposit methods at online casinos.

Deposits with cryptocurrencies are instant. Note, this depends on the speed of the cryptocurrency network and the transaction fee. If you don’t want to waste time, pay one of the lower fees. You can always track the process and see how many confirmations your transfer already has. Luckily, you’ll never have to wait more than 3 days before your money hits your account.

 

Choose A Casino Game and Play

By now, you should have your deposit and bonus money at your disposal. That means that you can finally start playing. Visit the Games section of the casino and pick the casino games with the lowest house edge you want to play.

The only tip that we can give you; pay attention to the wagering requirements of the bonus. You’ll need to clear it within a certain time frame. Given that, it’s a good idea to focus on games that contribute to those requirements the most.

Online slots typically contribute the most, while certain casino games sometimes don’t contribute at all. Keep that in mind – you don’t want to forget about the wagering requirements. If that happens, you might lose a chunk of your bonus money or even all of it!

 

How to Make a Withdrawal at an Online Casino

Online casino withdrawals are a big topic that all casino fans need to know about. Our guide explains the entire withdrawal process in easy steps. It might even give you some helpful info if you are a casino veteran!

 

Choose a Withdrawal Method

Before you request a withdrawal, you have to choose your preferred banking method. If you don’t know which are on offer, go to the Withdrawal or Payout section of your online casino. There, you should see icons of all available banking methods. USA online casinos offer fewer options than European casinos.

The basic withdrawal methods include credit cards, debit cards, and bank wires. You can use those if your deposit went through those methods and they are easy to use. You only need to make sure that the cards you used to deposit are still active. As for bank wires, bank account numbers don’t change on their own, so you’ll always be fine.

Alternatively, you can get a withdrawal through an e-wallet or services like American Express or Western Union. Cryptocurrency withdrawals are available at all online casinos too.

Check what the minimum amount for a withdrawal is and if there are any fees. Bank wires tend to come with high fees. Some casinos give their players one free withdrawal per month without charging fees.

 

Cashing Out Your Money

Once you choose your preferred banking method; it’s time to cash out. Select the right method by clicking on it and enter all the required details. You’ll also have to determine how much you want to withdraw.

You can withdraw as much as you want unless you have an active bonus. If you do have an active bonus. The online casino won’t allow you to withdraw it before you cleared the WR.

 

KYC (Know Your Customer) Process

After you submit your first withdrawal request, the online casino might force you to go through its KYC process. That’s short for “Know Your Customer” and it’s a process that online casinos use to identify their customers.

The process is relatively simple. Soon after you request a withdrawal. The casino notifies you that you need to provide certain documents. The specific requirements vary. Email the casino a copy of your bank statement, a copy of your credit card, and your ID.

You can send your documents as scanned PDF files, which is the traditional way. Online casinos also accept photos taken by a mobile phone. That’s more convenient for most players because it’s faster. Make sure that the quality of the photo is good.

Most online casinos process the documents in less than 24 hours. Once the KYC process is over, the casino will clear your money.

 

Waiting for the Money to Arrive

Once the online casino processes your withdrawal request, you’ll have to wait for the money. The casino will usually notify you, which is when the waiting period begins.

For most fiat currency withdrawal methods, you’ll have to wait several business days. Withdrawals to credit cards and debit cards take between 3 and 5 days. Meanwhile, bank wire can take as much as 7 business days.

Withdrawals to e-wallets like PayPal take a few hours. Unfortunately, due to America’s gambling laws, online casinos in the US don’t accept e-wallets.

Withdrawals through cryptocurrencies like Bitcoin are therefore the fastest at the top casinos for American players. The casino clear BTC payments within minutes up to 12 hours, tops. After that point, it will be all down to the cryptocurrency network.

 

Final Word

Making a deposit at an online casino isn’t particularly hard. It won’t take you more than a few seconds if you use Visa or MasterCard. Opening a new online casino account is fast too.

Once you get through your first deposit, you’ll have no problems depositing again. In fact, you won’t have to set up a new account for your next deposit. Casinos love returning players because they offer them free spins and loyalty bonuses. Not to mention their VIP schemes and comp rewards.

Online casino withdrawals don’t have to be a nightmare. If you pay attention to everything we’ve mentioned above. You won’t have problems when you request a withdrawal.

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