Depositing funds and withdrawing winnings from an online casino account is a breeze. Deposits and withdrawals can be made through several channels. All the casinos […]Read more
The Currency Options When Making Casino Deposits
Online casino gaming continues to witness outstanding popularity all around the world. Other than diversifying the gaming libraries, more casino sites continue to expand on currency acceptance. It is a way of alluring more players to their sites.
Economizing is a great deal, especially for online gaming. Therefore, most players enjoy a diversity of paying options from their preferable casino sites. More so, free spins and remarkable welcome bonuses are increasing the popularity of iGaming.
There is a wide range of currencies across the world, so it is crucial to understand what is more convenient for you, both in terms of ease and financial security. Furthermore, some casinos accept bitcoins as a form of currency. Such deposits are a significant safeguard to your financials since you do not have to fill in the details of the bank.
How to Select Your Gaming Currency
After you sign up for a casino, it is a requirement that you select a currency and a payment method. Since it is a default option for that particular site, you must choose the currency you have easier access to.
If you are always on the move, especially between countries, always ensure that the casino will allow you to change a default currency once you finish with the registration. Such options will not require you to convert money beforehand. Instead, you can simply bank the currency of your current country.
However, some casinos do not have faster ways of changing money or require a fixed currency. Such casinos will cost you extra money in the long-run through currency conversion charges.
Shop around for money converting services such as TransferWise, or use e-wallets like Neteller, Skrill, and PayPal. Even though they will charge such transactions, they offer cheaper rates than the casinos.
Cryptocurrencies are increasingly becoming popular amongst players, given that they do not require conversation.
Before you sign up at any online casino gaming platform, you must look into the currency options that they offer. There are two major types of casinos when it comes to this, Single Currency Casinos and Multi-Currency Casinos.
Single Currency casinos, a large number of the clients are from the country so that they will offer just one currency option. For instance, the pound sterling is the only way to deposit or withdraw funds at most of the British casinos.
Even though such casinos will cater to players from other countries, it is not preferable. It is an ineffective gambling option since there are extra currency conversion rates. Shop around for casinos that will allow you to deposit in your preferred currency.
Many players are embracing multi-currency casinos since they allow for deposits in a second currency.
For players who are constantly on the move or individuals who deal with different kinds of cash, this feature allows them to place bets in several currencies.
Such a feature has several means of working. The most common method involves splitting a players’ e-wallet to hold the two currencies separately. A player can switch between the two when they play.
Alternatively, the casino can blend the two currencies by applying conversion fees. It is an automatic feature that prompts the user for approval. Before signing up, make sure to check how the multi-currency feature works at the casino.
Your native currency may seem like a natural option, but given the drastic exchange rates, it will be better to convert your money before playing. Be keen on the exchanges to determine whether it will be worth converting your money. At the moment, most casinos are accepting GBP and CAD.
Players who prefer their betting funds in Canadian dollars will prefer to play at Canadian casinos. However, most casinos accept this currency option. For those that don’t, the casino will automatically convert the money into a currency that it offers.
Currency exchange may prove to be complex, confusing, and, more often than not, expensive. Most Canadian gamers will prefer either Canadian casinos or multi-currency casinos with CAD option.
Great British Pound
The GBP is amongst the top currencies that most casinos use. Great Britain Pound is an international option since Brits are all over the world. Therefore, for British residents, they do not have to hassle with currency conversions every time they want to play. The universality of the Great British Pound eliminates the unnecessary loss of money that occurs during currency exchange.
Over the years, the popularity and the strength of the US Dollar have been declining, having been surpassed by the Euro. Nonetheless, a lot of casinos all around the world still offer the US dollar as a currency option. Such a possibility is alluring to thousands of Americans living outside the country.
As online gambling continues to spread throughout Australia, casinos are beginning to embrace the Australian Dollar in their currency options. As such, Australian residents can easily gamble in casinos in other continents without much struggle.
South African Rand
Recently, the South African Rand has been experiencing a steady upsurge on the online casino gaming platform. Many European casinos are warming up to the rand.
New Zealand Dollar
New Zealand online gaming has grown significantly over the years, making up a substantial part of the gambling market. Since New Zealanders are no longer a minority in this field, the New Zealand Dollar is available at almost all online casinos across the world. The residents are heavily invested in gambling, and they input a lot of time online. A player at a non-NZD casino may suffer immense losses just from conversion charges.
Many online gaming casino platforms across the world offer international payment options to accommodate as many players as possible. Most popular and easily accessible payment options include:
Visa– other than being universally available, is a convenient paying option for depositing and withdrawing cash at casinos.
Neteller– it is one of the most popular e-wallets with players. It offers fast and secure transactions.
Skrill– this service has well over 10.8 million users. Any player with an email can send and receive money in real-time.
PayPal– with over three decades in the industry, PayPal is the most preferred online payment system. People with personal accounts can receive up to $100 per month at zero charges.
Bitcoin– over the years, crypto-currency has steadily grown into the best money alternate option, and many casinos are embracing it. Bitcoin is the most popular variation, being the first decentralized e-currency. Unlike most of the other payment options, there are no intermediary steps between transactions.
Eco card– this instant deposit method supports both withdrawal and deposit options. Even though you can make an online transaction, you can use the pre-paid card to make purchases offline.
The Paysafe card is a deposit only e-wallet that allows you to make online payments in pre-paid mode.
Ukash– this is a deposit only e-wallet that requires a specific code to spend cash online. This feature makes Ukash safer than most payment options. For a player to make an instant deposit, a voucher is mandatory.
Entropay– this service offers virtual visa cards to the users. This payment option holds no debt risk since it is a pre-paid service. Furthermore, any player is free to use Entropay regardless of their credit history.