Traditionally, when one wanted to handle money at a land-based casino, they would either need to take cash or a debit/credit card along with them. There hasn’t typically been a lot of variety in this regard, at least with physical casinos. But the online world of gaming has completely altered the paradigm in terms of how we’re able to send and receive money. Modern online casinos, for example, offer a wide range of different banking methods that are suited for all types of players.
It’s important to have a good understanding of the various banking methods that are provided to make the most of the numerous benefits that they come with. This is even better for the bettor that has grown tired of having to use their banking cards, which often come with their own hefty fees. And cash, of course, is not possible to use with an online site.
E-Wallets
One of the fastest-growing forms of online casino banking is the e-wallet. E-wallets are, at their core, nothing more than online accounts, similar in many ways to PayPal. What makes them different, however, is that they come with a number of advantages that make them an appealing choice for the player that doesn’t want to depend on a debit or credit card.
With options such as Neteller and Skrill, it’s now easier than ever before to start a new e-wallet account and begin using it within the same day. When it comes to the benefits of e-wallets, there are plenty. For one, transaction times are greatly reduced when compared to traditional banking methods. In fact, some e-wallets can have a transaction done within a single working day, and sometimes even sooner.
On top of that, fees are extremely low, and depending on the live casino online and the e-wallet in question, sometimes there are no fees at all.
Cryptocurrencies
While relatively new to the world of online casinos, cryptocurrencies are no doubt making something of a big splash among players. A cryptocurrency, like Bitcoin or Monero, is a great choice for the bettor that likes to keep their identity a secret from any online 3rd parties that might be watching, including the casinos themselves.
Cryptocurrencies offer full anonymity, allowing the bettor to make transactions without having to ever divulge any personal or financial information. Keep in mind that crypto adoption is still quite slow, but more and more online sites are starting to accept them as a legitimate means of monetary transaction.
Preloaded Paycards
The next best option to remain anonymous is by making use of a paycard. These are special cards that work similarly to a debit card, except that they have specific amounts of cash that are loaded on to them. It’s possible to use the unique card on the code to make transactions, and it almost never involves having to provide any personal information. It’s also easy to get a hold of paycards, which are commonly sold at local stores.
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