Online Casino Banking Frequently Asked Questions

14 September 2021 4 minutes to read
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Online casino banking plays a huge role in the online casino gaming experience. If you want to play casino games with real money. You must deposit and play at the safest online casinos. Make sure you pick a banking method that allows you to withdraw your money with the same deposit option.

There are quite a few on offer and we provide you with all the tips and tricks. Next time you play slots for real money, at the top online casinos in the USA. You’ll know exactly which banking method to pick.


1. What Is Online Casino Banking?

Online casino banking pertains to real money casino deposits and online casino withdrawals. That means real money transactions into the casino and out of it. If you want to play casino games for real money. You can use one banking method that’s your favorite for both deposits and withdrawals.


2. Which Online Casino Banking Methods Can You Use for Deposits?

For deposits, you can choose from debit cards, credit cards, bank wires, e-wallets (Skrill, Neteller, and PayPal), and cryptocurrency options. Those include Bitcoin, but some USA online casinos also accept Litecoin, Ethereum, etc. Note that you can switch between deposit methods as you want. You don’t have to stick with just one throughout your online casino gaming career!


3. Which Online Casino Banking Methods Can You Use for Withdrawals?

For online casino payouts, you can use the same methods as for deposits, with some minor differences. Some USA online casinos find it hard to send money to debit and credit cards. Bank wires and cheques are the alternative options. Though they come with a few strings attached. Mostly high fees and high min amounts.

We recommend you use cryptocurrency withdrawals whenever possible. That’s because they are quick and cheap at most internet gambling sites!


4. Are There Any Fees for Online Casino Banking?

In general, online casino deposits are free. There can be fees for payouts. Even big ones because some online casinos charge you up to $100 for a bank wire or a cheque. Online casinos will give you one free withdrawal per month. Bitcoin payouts are then fee-less at most USA online casinos. There’s sometimes a limit on how many you can request in a month, but that’s about it.


5. How Good Are Cryptocurrencies?

Cryptocurrencies like Bitcoin are anonymous, offer fee-less banking and more. Also, many USA online casinos have special casino bonuses and casino promotions waiting for players that use Bitcoin to deposit.


6. What Are the Disadvantages of Cryptocurrencies?

Bitcoin can take some time to set up if you haven’t used it before. There’s some learning curve, which isn’t ideal. Many casinos online have Bitcoin walkthroughs on offer. That means it’s quite easy to get into Bitcoin payments.

The other disadvantage is that Bitcoin deposits can take a while if the network is slow. Even hours in the worst case, though this doesn’t happen often at all. The typical wait is about 10 to 20 minutes for small to medium deposits. Not bad at all, then.


7. How Long Do Deposits Take?

Online casino deposits are mostly instantaneous. That means you’ll be able to play in seconds or minutes and most. Bank wires can sometimes take days, though. Also, cryptocurrency deposits can take a while if the network is slow. That’s something USA online casinos have no control over.


8. How Long Do Withdrawals Take?

With online casino withdrawals, it all depends on the online casino and your withdrawal method. Bank wires take several business days, even up to a full week. E-wallet and Bitcoin payouts are the quickest, on the other hand. Some of our best USA online casinos can get you your money in hours!


9. Will You Need to Send Any Documents to USA Online Casinos?

Yes, you’ll need to send in your personal documents when you first request a withdrawal at a USA online casino. That’s part of the KYC (know-your-customer) process to confirm your identity. It’s not hard to get through this bit. You don’t even have to scan your documents anymore. You can just take pictures with your mobile phone in a minute or two!


10. Are There Any Limits to Online Casino Banking?

Yes, most USA online casinos have limits for payouts per day, week, or month. You can sometimes increase them if you become a VIP player. You might have to split your payout over several requests for a big sum, though. That might happen if you get lucky to land a progressive jackpot, for example!


11. Is Online Casino Banking Safe with USA Online Casinos?

Yes, you’ll be in the clear if you play at our safe legal USA online casinos. Most of them have licenses in offshore regions such as Curacao and a good reputation. They don’t force players to jump through any hoops and payout quickly.

If you aren’t sure about a USA online casino, check out our online casino reviews. In other words, which methods are available, what are the limits, fees, and so forth? If you want to open a new casino account, make sure to read our online casino reviews first!


12. When Can You Withdraw Your Bonus Cash?

You can withdraw your bonus cash only once you clear the bonus wagering requirements. In other words, only after you place enough real money bets in online casino games. You have to check the specific terms and conditions for the casino bonuses you take on. In general, they will have you bet around 20x-40x your bonus amount in total. That’s before you can request a withdrawal from the USA online casino.

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