Category: Withdrawals and Deposits

Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. Cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. The most popular cryptocurrencies are Bitcoin and Ethereum. Examples of cryptocurrencies that may be used include Bitcoin Cash, Litecoin, and Monero. The rise in cryptocurrencies, like Bitcoin, is attributed to the growing demand of investors of cryptocurrencies because of their potential to enhance the way people conduct businesses, fund creative endeavours, give greater protections to consumers, and charge lower fees and commissions to merchants.

We are at the peak of a cryptocurrency boom since the Asian financial crisis in 2019. The Wall Street Journal predicts that more than $200 billion will be invested in cryptocurrencies in the coming years.
According to the financial website Business Insider, the valuation of digital currencies has increased exponentially in the last year. As the demand for cryptocurrencies increases, so also have their prices. The price of Bitcoin has increased 8,729% since the beginning of 2019. The most popular cryptocurrencies, Ethereum and Litecoin, together have increased 500%.

Although the volatility is at an all-time low, it continues to rise because of the short-sightedness experienced by investors of cryptocurrencies. The results would be the destruction of millions of jobs, which is why it is more important than ever to understand how cryptocurrencies work and who stands to profit from them. The tools that cryptocurrencies use are called wallets. A wallet is a platform on the internet where a wallet holding digital currency can store, send, receive, and send funds. A wallet can be compared to an envelope that holds a letter, a file, or money. A wallet encryption key is used to decrypt or unlock the private key that controls the funds within the wallet. This process is called a ‘signing and verification’ (S & V) process.

What benefits does cryptocurrency offer to online gamblers?

Cryptocurrency offers an alternative to traditional payment methods. It’s fast, secure and safe, giving you the peace of mind that your financial information is protected. Cryptocurrency also gives you the freedom to gamble without having to deal with financial institutions like banks or credit card companies; they can get in the way of your fun. The more you gamble, the more you earn, and long-term it gets you into a higher class altogether. But if you want to safe keep the vast majority of your gains, you will have to spread them out over a longer period of time. To help you do so, I’ll tell you what you can and can’t do with cryptocurrency in the next ten years. Before we get into that, though, here is a quick primer on cryptocurrency. It is a decentralized payment system, available on your phone, that allows users to send and receive digital money. Instead of using a bank’s loans/charges, you can let your digital wallet hold crypto and pay for your purchases or subscription with no dependency on any third-party payment provider.

How can you use cryptocurrency for online gaming?

A cryptocurrency is a great option for online gaming because it allows you to access your money instantly and enjoy increased performance thanks to the decentralized nature of the asset. You no longer need to rely on traditional banking institutions for deposits and withdrawals and instead can enjoy faster and more convenient access to your funds through a cryptocurrency wallet. With more and more people shifting towards digital services, several advantages of cryptocurrency have been revealed over the years, and some of them even surpass traditional banking.

The following advantages have influenced the AVR technology tasked with powering our favourite online games:
Currencies, like bitcoin, are used online to purchase retail goods (games and applications) and services from online marketplaces. Bitcoin acts as a global currency and its supply is limited. For instance, in order to purchase a game like Fortnite, players need to pay a fee in digital currency which is then transferred from the player’s digital wallet to the marketplace’s wallet together with the payment details. The process is completed in a matter of seconds.

Bitcoin is a kind of store of value that is used mainly as a medium of exchange and investment. A typical bitcoin transaction can have a daily market value between $500, $1,000 or more, whereas an average transaction on an e-payments market, such as Shopify, supports a maximum value of $2. So, the basic advantage of cryptocurrencies is not only instantaneous and low-cost transactions but also a way to offer customers united prices and a more reliable and constant product and service quality.
The second benefit to be mentioned in this context is that since cryptocurrencies are totally decentralized systems, they decentralize access to power. As a result, owners of cryptocurrencies gain majority control and are not bound by any kind of third-party influence (which could include banks, governments, legal entities, etc). Investors can benefit because they can use cryptocurrencies as a medium of exchange or store of value. This versatility makes cryptocurrencies a great option for online gaming because it allows users to play with financial freedom.

Conclusion:

In this article, you’ve found out that cryptocurrencies are a great way of making payments for gambling. You’ve learned all about Bitcoins, the most popular cryptocurrency, and how it can be used to pay for your gambling needs. You know how to make a wallet and how to deposit your Bitcoins into an online casino. If you do a lot of your gaming from home, put a VPN in front of any privacy concerns by using an in-game cryptocurrency deposit. Only you can control the amount you deposit, but the more you deposit, the more money you win! All you need to do is make sure you follow the above steps and select the right currency. Choose Bitcoin, Litecoin, Ethereum, or Monero. If you’re looking for a safe and convenient way to make cryptocurrencies, grab your private key from the wallet and send it directly to the casino of your choice, you’ll have a real gain.

In New Zealand, the casino is located in Auckland and is operated by SkyCity Entertainment Group. In this article, we are going to look at the online version, SkyCity Online Casino which was launched in August 2019. It is the first Online Casino based on and owned by a New Zealand casino group. With strict gambling laws in New Zealand, the licence had to be got elsewhere for it to be run in New Zealand itself.

1. What games does SkyCity offer?

SkyCity offers numerous games to its players, of which include:
– Bingo
– Scratch Cards
– Keno
– Blackjack
– Slots
– Roulette
– Poker
– Poker tables
– Craps
– Roulette tables
– Checkers
– Blackjack tables
– Craps
You can pretty much play almost any gambling game you want on this online casino, as there’s no government oversight to prevent any illegal gambling going on in this country. Obviously, even though this city is a virtual location, you can play on almost any screen to get a feel for this casino. This includes Windows, Android, and iOS versions of the casino, allowing you to enjoy Casino Royale in the comfort of your own home. This makes SkyCity pretty convenient for when you’ve got extended gaming hours and need a place to go for a little relaxation. Of course, this doesn’t mean that SkyCity doesn’t offer something else for players to do, such as competitive tournaments for cash prizes.

2. Is it safe to play at SkyCity?

In short, yes it is safe to play at SkyCity Online Casino. They have secured a licence from the most renowned regulatory commission in the online gambling space, the Malta Gaming Authority. This means all games are monitored and all transactions are accounted for making SkyCity Online Casino very safe to play at.

3. How are the casino bonuses and promotions?

The welcome bonus at SkyCity online casino is one of the most generous offers. Gamblers can get 10 free spins a day for the first 7 days, plus 30 free spins if they deposit between $30 and $100. There are conditions associated with this bonus so make sure you read the terms and conditions carefully before you claim your bonus. To receive the bonus, you must make a deposit of at least $20. Once you have met that minimum requirement, you’ll be awarded 40 free spins to play on any slot game. The amount you can bet in those free spins is limited to $5. There are no Wagering Requirements associated with these free spins. Whatever money you win during the free spins is yours to keep. SkyCity Casino offers a number of promotions throughout the year and at the time of writing, it is offering a great tournament with cash prizes worth over NZ$90,000. Players can participate in the Pragmatic Play, Spin and Win the tournament to increase their chances of winning real cash prizes.

4. Which payment methods does it accept?

SkyCity Online Casino has a variety of online payment methods for both the deposits and withdrawals of playable funds. Once you have an account created with them, you can deposit with well-known wallet providers such as Neteller, EcoPayz or Skrill. They also access credit and debit cards in the form of Mastercard or Visa. A newer form of payment that has become popular is to use a Paysafecard that can be bought at many local shops and used to top up your account. Paysafecard has quickly become a very popular method for depositing at online casinos and if you are interested in doing this, you should check out a list of Paysafecard casinos in New Zealand. This keeps the transactions from showing up on online bank statements. With all of these options and more available at withdrawal as well, it makes managing your money with SkyCity Online Casino easy for all.

It can be difficult to find online casinos that are known for paying out fast in New Zealand. However, if you really dig dip then you will have no problem find that most of them are pretty fast.

With payouts being an important part of the gambling experience, they also need to be dependable throughout the entire withdrawal process. Knowing this, we’ve listed some of the popular online casinos in New Zealand that have fast withdrawals.

The Jackpot City Online Casino

On top of the generous bonus the Jackpot City online casino offers, they also provide same-day payouts to all players. This allows them to be one of the most popular online casinos to offer fast payout in New Zealand. The Jackpot City casino currently has 300+ games available from the major game suppliers and developers such as Microgaming.

The Spin Palace Online Casino

The Spin Palace online casino issues requested payouts within 24 hours for all New Zealanders who love to receive their winnings without having to wait. The Spin Palace has been able to supply fast payouts since 2001 and provides players with 650+ online games. Besides offering fast payouts they also make instant deposits so players can quickly begin to win.

The Royal Vegas Online Casino

The withdrawal time for the Royal Vegas online casino can be at least 24 Hours for all New Zealanders. This may not seem like a fast time period but it depends on the withdrawal method used that will determine the time period after 24 hours has lapsed.

The Casimba Online Casino

Payouts at the Casimba online casino are instant and considered as one of the fastest to get funds to their players shortly after being requested. The casino boasts 600+ games along with the many features included. Not only that, but along with the high amount of games, they also provide New Zealanders with an ample amount of jackpots.

The Dreamz Online Casino

Being able to make fast withdrawals within a day has always been possible at Dreamz online casino. They are even offering unlimited withdrawals now. The Dreamz online casino games are fair and present an easy to use layout and straightforward design.

The SkyCity Online Casino

Payouts through the Sky City online casino makes it possible to obtain player winnings in less than two hours. This is great to hear since it is also a new casino that made its presence known during 2020. As far as design is concerned, it is considered to be advanced since NetEnt provides the necessary software. Because of the casino focusing on players from New Zealand, players can take advantage of this speedy payout whenever they need the cash. To read about SkyCity deposit options we published a previous article. 

The Dunder Online Casino

With 800+ casino games, players from New Zealand will enjoy everything that Dunder has to offer to their online players. Players will enjoy knowing that withdrawal times are shorter than most other online casinos that iGaming provides. Not only that, but did we mention that New Zealanders enjoy lightning speed payouts?

Fast Payout Attributes

It’s nice to see that many New Zealand casinos online are offering faster withdrawals and payouts. You don’t have to worry about being restricted and having to wait for your money. This is great to hear when the majority of regular casinos cannot do the same. So what attributes do these online casinos include that make them the best?

1. Clear Details

Online casinos in New Zealand have sections that are detailed concerning their withdrawal guidelines. When an online casino provides a rapid payout they help save their players valuable time without having to wait for their money. Plus, if any player has a question, then they can refer to the FAQ section.

2. Gambling terms are trustworthy and fair

You will never have a bad experience with payouts when you make a request. This is a good thing about online casinos that offer quick payouts. Along with clear rules, they can set acceptable conditions for their wagerings.

3. Reviews are made from actual players and their own personal experiences while gambling. Having reviews and opinions collected in an unbiased way shows that the casino takes into the heart of what players think about them. This way they can take what is said and build upon it so that they can make any improvements to the customer experience.

Payout Methods Available Through Online Casinos

With payouts, there are several methods available for players from New Zealand. So after you request a withdrawal your funds will be transferred to your preferred choice from your gaming account. You need to keep in mind that there are both advantages and disadvantages to each of the payout methods. It is for this reason that players need to be certain about the method that they use so that they can obtain the best payout experience possible.

Digital e-Wallets

If you are looking for fast turnarounds for your payouts, then you will love the convenience of a digital e-wallet. With these, you get a method that has changed how online spending allows players to conduct transactions easily and efficiently. Although many digital e-Wallets exist for New Zealand players to use, there are three that get used the most. These are:

• PayPal

PayPal continues to be the leading e-Wallet among them all as well as the “go-to” choice for New Zealand players. You need to be aware that along with the high amount of popularity it still has certain limits. Along with instant deposits, all withdrawals are also immediate. Plus, players normally do not have to pay a fee to make a transfer. PayPal may deduct a fee upon receiving funds, but that is based on the sender’s preferences.

• Skrill

As a Paysafe member, Skrill has quickly become a preferred option among players. A big benefit for New Zealand players is that they are not charged fees for using the Skrill service to make transfers. Skrill also provides a high amount of customer safety and privacy. With quick withdrawals, all transfers can be available within a few hours depending on your bank.

• Neteller

Another Paysafe member is Neteller. With this e-Wallet, you also get rapid withdrawals and zero charges that make it highly desirable in New Zealand. Also, you will not have to worry about your funds being traced to gambling due to their third party association. This goes in line with their ability to provide customer privacy and overall account security.

Cryptocurrency

It is always great to know when a cryptocurrency is accepted as a transaction option. Besides being able to shield the identity of an owner, it is also able to conduct all transfers for free. Withdrawals for Bitcoin are also less than a few minutes. It is for this fast transaction process that makes it a great option among New Zealand players.

Major Credit Cards

Understandably, you may feel uncomfortable using a credit card as an option to receive payouts. But like all other options, there will be some level of risk involved. However, when a major credit card is utilized, the same level of security is used as seen among the other options. Knowing this can put your mind at ease that you will receive the payout that you requested.

The first thing I want to explore is Bitcoin. Although, many argue that it does meet the criteria for an exchange, it does fall short in other areas. Number one, there is no value to it. Now, some might say there is no value on cryptocurrency whatsoever(and, to a certain extent, they would be right). Number two, it fails concerning any unit of currency. That means there is no way a coin store can create a long term inventory for it. The main reason for that it is too volatile. The other issue is that it is not considered “real money”. That means there are mo restrictions guarding it. The normal rules for money do not apply here because it is not real money. No regulations means that you stand a greater chance of not recouping the losses if you have any. That being said, many have found there are some benefits to using cryptocurrency(like Bitcoin). We will discuss a few of the benefits below.

The best online casinos in New Zealand do not yet accept cryptocurrency. We hope this changes in the future but at this time, it is not common to find legitimate online casinos that accept crypto as a deposit or withdrawal mechanism.

1)Makes Gambling Easier

You can play from the comfort of your home without worrying about theft. Cryptocurrency is not regulated the way traditional money is. That means you can use it to make deposits(even withdraws wherever possible), and not worry about giving out personal information. This option does require any information through the e-wallet channel. You only have to give out the information required and that is it.

2)Casinos Using Cryptocurrency

Every casino offers will crypto will have categories for each selection. Some of the casinos offering the crypt platform include Bistler Casino, Bitkong Casino, mBit Casino, and Crypto Wild. Now you might not want to use those casinos, but this gives you an idea. Some like to use Ethereum(which is like Bitcoin) for their deposits. This option also allows for withdraws. Those who want to use Ethereum will have luck using casinos like BC. Game, Cloudbet Casino, Crypto.Games Casino, and Duckdice Casino. Since cryptocurrency allows for an easier transaction process, you will not have to worry about slow payouts rates.

3)Sports Options

Cryptocurrency is becoming more popular for those who like sports betting. There are five main components to sports betting. They are Money Line, Point Spread, Parlays, Futures, and Props(which is more of a long-term thing). You should have no trouble finding a crypto-friendly sports betting site for your enjoyment. Choose a site that is both crypto-friendly and e-sports betting friendly. You can also use Altcoin on some of the sites. Altcoin is similar to Bitcoin and Ethereum in many ways.

4)Free Money

Let me explain this one. What I mean by “free money” is that you do not have to pa taxes on it. I think I might have covered this in the last article, but let me refers your memory. What is working in your favor is that cryptocurrency is not regulated(right now). You know how you pay taxes on your hard-earned money every year? Well, you do not have to do that with crypto. Although, as I had stated before, that could change. The government is very much aware of what cryptocurrency is. Some of your senate members have used it themselves. They just will not tell you about it. They are looking to try to regulate it in the future. Right now, they have hit a roadblock regarding those talks. That is why you should take advantage of this for as long as you can(but do not abuse the privilege). Unregulated currencies fly under the radar.

5)You Get Money Back

This kind of goes along with the tax-free idea. Since you are not paying taxes on Bitcoin and other cryptocurrencies, you can save money. You can use that saved money for other bills or to play more. The choices is yours. Either way, take advantage while you can. Some of you might have already read my statements on this, but it does bear repeating.

Priority Mail: Destination Anonymity

The other great thing is you are not tied to the same notices that others are. Many online players want to have more anonymity than they currently do. That is why this could be a viable option for many of you. No one will know who you are and when you play(which could be a benefit for many players). The one downside is that a high level of anonymity means that your risk of losing money becomes greater. Someone could come in and steal your money(if they are lucky to get inside the system), and there is nothing anyone can do. The reason for that is the non-regulation component. Non-regulations means that there is nothing to tie it to. You have to take the good with the bad.

What Does The Future Hold?

Only time will tell. Right now it is very popular among online players for deposits and withdrawals. That could change. There is no way to predict what will happen. Stay tuned.

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.

Currency Options

Canadian Dollar

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.

American Dollar

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.

Australian Dollar

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.