Tag: Bitcoin
Which $/€1 Bitcoin Casino Should Get Your Deposit?
Over the past few years, the online gambling industry has embraced alternative payment methods like e-Wallets and a variety of Cryptocurrencies, but most specifically, Bitcoin. More and more players from across the world are seeing the benefits of Bitcoin as it offers convenience, security, anonymity and simplicity. First launched in January 2009, Bitcoin is a digital currency that comes with cryptographic techniques for security and many benefits for online gamblers.
With Bitcoin, you can fund your casino account quickly and easily while remaining completely anonymous. Bitcoin offers super fast withdrawals, and winnings can be accessed almost immediately. Unlike other currencies, Bitcoin has no central bank and functions wholly as a peer-to-peer marketplace. You won’t need to share any of your bank account information with the casino which means you can remain anonymous.
To use Bitcoin at online casinos, players will need to select a compatible e-Wallet. Some of the most popular wallets you can find on the internet includes Bitcoin Core and BitGo, but there are much more available online. For more help on how to set up a Bitcoin wallet, use the live chat service to chat to a customer service person. They will help you set up Bitcoin, one of the most popular payment methods available at online casinos.
Bitcoin Casinos – Slots and Table Games
Whether it’s the slots or classic Roulette, Blackjack or Poker, online players will have a great time using Bitcoin to play slots and table games. Poker is a game of skill that many players around the world enjoy immensely and aside from online casinos that offer computer-generated Poker games, Bitcoin Poker rooms for Poker fans provide that extra special touch.
Bitcoin Dice is becoming more popular as the game allows small bets that can bring huge rewards. Bitcoin dice games are entertaining and also provably fair, which means that the results can be checked for transparency and fairness. Bitcoin Bingo is a great option for niche bettors and while it’s still rare to find Bitcoin bingo games online, many casinos offer that gaming option.
BitStaz Casino
Bitstarz Casino is an online casino where players around the world can enjoy slots, table games, live casino games, Bitcoin games and much more. Casino transactions can be with both crypto and real money banking and BitStarz Casino has made sure that you will find plenty of options. BitStarz is home to multiple leading software developers such as NetEnt, Microgaming, Evolution Gaming and Habanero. At this vibrant and dynamic online casino, as a new player, you can claim a 20 No Deposit Free Spins Bonus and thereafter, with a real money deposit from $/€20, as a Welcome Bonus the casino will offer you a 100% Match Bonus and 180 free spins.
The Welcome Bonus package is a delight for Bitcoin players that enjoy generous rewards for crypto transactions. After you have played your 20 No Deposit Free Spins Bonus, make a minimum deposit from $/€20 or 0.006 BTC and the casino will match it with a 100% bonus up to $/€100 or 1 BTC. To keep the ball rolling, the casino will also reward you with 20 free spins every day for 8 days.
When you deposit for a second time, up to a maximum of $/€100 or 1 BTC, the casino will match your deposit with a 50% Match Bonus. On your third deposit, you can play with a 50% Match Bonus up to $/€200 or 2 BTC and for your fourth deposit, you will get another 100% Match Bonus up to $/€100 or 1 BTC.
Read through the Terms and Conditions so that you are completely familiar with the Wagering Requirements and other important information. The Wagering Requirement for your bonus and free spins wins is 40 times the bonus and you have seven days to fulfil the wagering. A T&C worth noting is that if you should win more than 20 Bitcoins or $/€15,000, BitStarz reserves the right to divide the payout at 20 BTC or $/€15,000 per month until the full amount is paid out.
There are many banking providers that you can use to make your first real money minimum deposit from $/€20 or 1 BTC. Fund your account with Visa and Mastercard, eWallets Skrill, Neteller and ecoPayz, PaySafeCard, Interac Online, Instadebit, Bank Transfer, Bitcoin, Much Better and Infinity. You can use the same payment providers to make your withdrawals, except for PaySafeCard, Skrill and Neteller, as they can only be used to make deposits.
King Billy Casino
Step inside the mystical medieval world of Casinia where kings and queens rule and enjoy some time spent with exceptional online gambling. King Billy Casino was launched in 2017 as a hybrid casino supporting both traditional currencies and cryptocurrency. The casino has over 2000 casino games on offer made up of slots of every type, table and card games including the classic favourites like Blackjack, Poker and Roulette, jackpot games, video poker games and live casino games. Partnered with some of the most prestigious software developers in the industry, the likes of Microgaming and NetEnt, the games on offer are world-class.
At King Billy Casino, everything is super-sized, including the Welcome Bonus package for new players. Start your King Billy experience by a minimum deposit of $/€10 and you will be rewarded with a Welcome Bonus package across 4 deposits valued at $/€1000 in bonus cash and 200 free spins.
On your first deposit, you will get a 100% Match Bonus up to $/€200 or 1 BTC and 200 free spins that you can play on Starburst or Fruit Zen. For your second deposit, use the Bonus Code WELCOME2 and this will earn you a 50% Match Bonus. For your third and fourth deposits up to $/€300 or 1.5 BTC, you can claim a 25% Match Bonus with the Bonus Codes WELCOME3 and WELCOME4. The Wagering Requirement for your deposit, bonus and free spins wins is 40 times and you have 7 days to wager your wins.
Playamo Casino
A very well designed and popular online casino, Playamo Casino stocks more than 600 games and is available in multiple languages including English, German, Russian, and Swedish. To make your deposits, the casino has made available a multitude of casino banking methods that includes Visa and Mastercard, e-Wallets Neteller and Skrill, PaySafeCard and a huge range of cryptocurrency including Bitcoin.
To maximize your deposit, start playing at Playamo Casino with a Welcome Bonus and a set of free spins. Register a new player account and make your deposit of $/€10 or more and you can play with a 100% match bonus up to $/€100 or 1 BTC. Use the Bonus Code FIRSTDEP when making your deposit and get your bonus. 24 hours later, you will also get 20 free spins for the Lucky Lady’s Clover slot game and then 20 more free spins every day for 5. Make a second deposit with the Bonus Code SECONDDEP and you will get a 50% Match Bonus up to $/€200 or 1 BTC and 50 more free spins.
Benefits of Playing at Bitcoin Casinos
One of the most appealing advantages of playing at Bitcoin casinos is that most Bitcoin Casinos charge zero fees. Compared to some of the other traditional ways to fund your casino account, Bitcoin is one of the most economical.
Deposits are instantly processed and withdrawals are processed instantly which means you no longer have to worry about long processing times. Bitcoin is a very secure way to transfer money online and as you won’t have to enter any personal or financial information, your identity can be kept secure at all times.
To try out new Bitcoin Casinos, look through our Bitcoin Casino listings and be assured that our recommended casinos are always licensed and highly secured.
How To Deposit With Bitcoin
- Before you can deposit money at an online casino, you will need to set up your online Bitcoin wallet. This process is very simple to complete. You will find many Bitcoin wallets online that can be downloaded, and almost all of them are free.
- Once your Bitcoin wallet has been downloaded, you’ll need to purchase Bitcoin. Whilst Bitcoin is freely available on the open market, your wallet will more than likely be able to help you with the Bitcoin purchase. Don’t be daunted by playing at Bitcoin Casinos, purchasing Bitcoin online is very similar to shopping online. You will need to input some basic personal and financial information and a physical address. For players that are nervous about using Bitcoin, think of it this way, purchasing Bitcoin is much like exchanging your own currency for another currency, for example, from traditional currency to digital Bitcoin currency.
- As soon as you have registered your wallet and have purchased Bitcoin, you are ready to play slots and table games. Browse through our reviewed and recommended Bitcoin Casinos for some of the most successful online casinos available today. Load your Bitcoin, collect your Welcome Bonus and enjoy great online gaming.
- When you make a Bitcoin deposit at an online casino, you will not need to enter any credit card numbers or banking information as the casino will only require your Bitcoin wallet address and the amount you wish to deposit.
Are you ready to start your Bitcoin Casino adventure? Have a look through our featured Bitcoin Casinos and find out why more and more players are turning their attention to Bitcoin. Play all your favourite games securely and anonymously, enjoy instant deposits and when it’s time to cash in, your money will be back in your wallet in minutes.
Tips for Picking the Best Payment Method to Play in INR
Online casinos that accept Indian Rupees are still not in the majority but there are more and more casinos that are making INR available for their clients. A great casino experience depends heavily on the games, the software that powers them and the quality of the available payment methods. Low waiting times, no transaction fees and total security are important considerations when depositing into your casino account.
If you’re looking to play online games and have a great casino experience, make sure to deposit with a trustworthy and convenient online payment method that suits your gambling style and budget.
Payment Methods Indian Casinos
Which is the best payment method to play with INR? For Indian gamers, there are a few payment providers that will process your INR so that you can play slots and table games online. Visa, Mastercard and e-Wallets are popular with Indian casino players and cryptocurrency is fast catching on in popularity. Many Indian players now transact with Bitcoin as it offers complete security, anonymity and lightning-fast deposits and withdrawals. Keep reading and find out more about the most commonly used payment providers for Indian players.
Debit or Credit Cards
Debit and credit cards have replaced our visits to a bank with the convenience of bringing the bank with us wherever we go. Visa, Visa Electron, Maestro and Mastercard are the most popular ways that players across the world use to fund their casino accounts. Debit and credit cards are available at nearly all casinos for Indian players. They allow for instant deposits without additional charges or commissions, and more importantly, all casino bonuses can be funded with Visa, Maestro and Mastercard.
When it comes to withdrawals, after the casino has processed your withdrawal request, your funds will be back in your account in 3 working days. The most commonly used cards at Indian Casinos are MasterCard, American Express and Visa.
e-Wallets
Also ranking among the preferred and most commonly used payment providers are eWallets. Holders of an eWallet account like PayPal or Skrill can enable all kinds of bill payments including depositing and withdrawing at an online casino. As eWallets are private and offer a secure and anonymous transaction process, eWallets for players at Indian Casinos have gained a lot of popularity over the last few years. With an additional layer of protection that makes cybercrimes impossible, eWallets have become a common mode of payment in India today.
- PayPal is an eWallet that needs no introduction as it’s used by millions of people across the globe. There are many PayPal Casinos available for Indian players.
- Also an eWallet, Neteller Casinos allow for quick and easy transactions for its users and the chance to deposit money in a range of currencies, including INR.
- Skrill is yet another popular eWallet used by players at Indian Casinos. Skrill Casinos offer a very secure and fast way to make your deposits and withdrawals, and adopts the highest possible standards for security. Skrill is linked to the Payment Card Industry Data Security Standard as it processes well over 6 million transactions annually.
- PayTM is an eWallet that has enjoyed enormous success in India. With 100 million active users, PayTM is one of the most popular casino payment providers on the Indian subcontinent. PayTM was sued by PayPal a few years ago, and when PayPal sues you, you know that you’re becoming successful! In 2016 PayPal claimed that PayTM was using a colour very similar to the PayPal logo and while the court case still hasn’t been settled, the very fact that it happened attests to how popular PayTM has become.
Bank Transfer
Bank Transfer is also a commonly used way for casino players to fund their accounts. By using Bank Transfer, the player’s funds can be directly transferred from their bank account to their casino account. Bank Transfers take many days for your funds to reach your account, sometimes up to 7 working days.
Cryptocurrency
Cryptocurrency has the potential to become the most popular way to fund casino accounts, and at Indian Casinos, the trend to play with cryptocurrency is increasing. Bitcoin and Ethereum are the usual crypto options available at online casinos as they offer speedy payments, increased security, fast payouts and little or no fees. Find your perfect Crypto Casino by looking at the list on our Bitcoin Casinos.
Safety and Security
When it comes to choosing casinos and assessing the available payment methods, safety and security is one of the primary concerns by online gamers. All leading casinos are fully encrypted with industry-standard 128-bit SSL encryption and playing at a casino that holds a license issued by the Payment Card Industry Data Security Standard, it means your card transactions are secure every step of the way. More importantly, the casino’s customer support team should be available 24/7 as you never know when issues will crop up.
Payment Providers for Withdrawals
As a matter of practice, most casinos will process your withdrawal request with the same payment method used to transfer the deposit. This means that if you made your deposit by using Neteller, then your withdrawal request will be facilitated with Neteller. Most Indian Casinos have many payment methods available for deposits and withdrawals, and this means that you will easily find the payment method most suited to your lifestyle. Indian casinos will usually list all their payment methods with specific processing times, fees, and limits, and this will make it easier for you to choose the right payment provider.
Using your debit and credit card such as Mastercard and Visa at an Indian Casino is great for depositing, but at some casinos, you can’t withdraw with your debit or credit cards. For withdrawing money, e-Wallets always offer a safe alternative. However, when using one payment provider for your deposits and another for your withdrawals, you will need to get in touch with the customer service team. When withdrawing money to a different payment method than your deposit, you will need to verify both payment methods at the casino. This verification process might involve sending copies of your banking information and identity document. Casinos are obligated by law to complete a KYC (Know Your Customer) which can take some time to complete.
When making your deposit, you will be required to meet certain criteria. The first is a minimum deposit at the casino, which is the lowest amount you can deposit at the casino and the second, is the allowable country or territory. You won’t be able to use all the payment providers at the online casino as some are country-specific.
When withdrawing, you must consider the minimum and maximum amounts allowed, pending time, and the processing time. The pending time is how long a casino will take to process your withdrawal request, while the processing times will vary depending on the casino payment methods. For example, when paying with an e-Wallet, after the casino has processed your withdrawal, e-Wallets will let you have your money in between 24 to 48 hours.
Is It Better To Play At Ethereum Casinos Or Bitcoin Casinos?
Cryptocurrency is growing rapidly as an alternative way to fund casino accounts, but for people who are new to playing in crypto, new to online casinos, or both of these, the prospect of starting out may be daunting. We took a closer look at Ethereum casinos and Bitcoin Casinos to find out which option carries better benefits. Often, the same casino will offer both currencies, so we compared the advantages of each currency.
Some of the factors we considered were: how to set up your wallet, how transactions between your wallet and the casino work, and whether you can get welcome bonuses when you deposit using the cryptocurrency you chose. The most important safety check before you even consider which cryptocurrency to use is to make sure that your online casino is licensed because it is extremely difficult to get funds back from a bad casino. We have done the safety checks for you and suggested the best minimum deposit casinos for you to try.
What is the difference between Ethereum and Bitcoin for casino players?
The main difference between Bitcoin and Ethereum is that Bitcoin was created as an alternative currency to traditional centralised (fiat) currencies. Ethereum is a smart contract platform that uses blockchain technology to create digital ledgers. Unlike Bitcoin, Ethereum is more than just a cryptocurrency. Its aim is to run digital applications too.
Without going into detailed, high-level specifics, the differences between the two that may have an impact on casino players are the following:
- Ethereum has a quicker process time than Bitcoin due to a block time of around 13 seconds. Bitcoin has a block time of around 10 minutes.
- While Bitcoin is a cryptocurrency, a way of exchanging value online, Ethereum is a platform that allows you to do much more, as well as using it to fund your casino account.
- Bitcoin has the highest share of the cryptocurrency market and is more widely available at online casinos than Ethereum.
When considering all these factors, Bitcoin has the advantage of being more widely available, but on the whole, a good Ethereum casino may just be the better choice. Both Bitcoin and Ethereum transactions are easy, secure and provide a level of anonymity that makes them attractive to casino players. Both offer fast withdrawals, but Ethereum is quicker than Bitcoin. Most of the advantages of playing with Bitcoin are present for Ethereum players too, but Ethereum does have a few extra benefits.
Benefits Of Playing At An Ethereum Casino
There are some serious benefits to choosing an Ethereum casino. Most of the good ones can offer you a higher RTP than the average online casino, which means that you could win more if you hit a jackpot. Ethereum casinos run code in real-time, so your games are constantly audited for fair play and functionality. You also have access to fast withdrawals, thanks to the digital technology behind the blockchain.
Recommended Ethereum Casino: Fairspin Casino
New players at Fairspin Casino get a 100% deposit match welcome bonus as well as 30 free spins when they make their first deposit. You can get a 75% bonus and another 30 free spins on your second and third deposits, and a massive 200% bonus match and 50 free spins when you make your fourth deposit. The casino offers a rich selection of slot games, as well as roulette, card games, video poker, lottery and Live casino games. If you would like to find out more about this exceptional Ethereum casino, have a look at our FairSpin review.
At Fairspin casino, the percentage that you would be paid out in the event of a win is guaranteed by the smart contract technology that is characteristic of the Ethereum platform. Fairspin makes all the game statistics available to you, so you have complete transparency from the casino. Your payouts are instant, whether you play in Ethereum or choose to switch to a fiat currency. In the interests of transparency, Fairspin’s balance can be seen in the blockchain whenever you like, so you know for certain that the casino will always have enough funds to pay out your winnings.
Recommended Bitcoin Casino: True Flip Casino
If you are looking for an online casino where you can play with Bitcoin, True Flip casino is an excellent choice. The casino offers its new players 4 deposit-based bonuses worth up to a total of $/€1000 or 1 BTC, as well as 150 free spins. Your first deposit will be matched 150% up to $/€300 or 0.04 BTC, and you will get 50 free spins on Book of Dead. Your second deposit unlocks a 50% bonus up to $/€400 or 0.5 BTC and your third-get a 75% bonus match up to $/€300 or 0.5 BTC. Your fourth deposit will unlock 100 free spins. Have a look at our True Flip review for all the details.
The casino offers you over 1000 hand-picked casino games, including a selection of in-house games. You can enjoy slots, table games, Live casino games, jackpot games and more.
How to Choose the Right Casino for your Casino Payment Method
The massive growth of online casinos during the 20th century has created today’s perfect scenario for online gamers throughout the world. These days casino players can enjoy their favourite casino games while on the go, or from the comfort of their homes. Playing casino games from desktop, tablet and iOS and Android operating systems means that online gambling offers the ultimate entertainment from all browsers.
At the best online casinos, including minimum deposit casinos, players can enjoy every type and variety of casino games. From classic slots and fruit machines, multi-reel video slots, progressive jackpot slots and video Poker, slots enthusiasts will never run out of fun and interesting games to play. Online casino gamers can also enjoy table games like Blackjack, Poker, Baccarat and Roulette, bingo, keno, scratchcard games, arcade games, live casino games and even place their sports bets online at casino sportsbooks.
Casino Payment Methods
Fund your casino account with Visa and Mastercard, eWallets like Skrill, Neteller, PayPal and ecoPayz or use Bank Transfer, prepaid cards and crypto. To choose the perfect payment options most suitable to your gaming style, you will need to know what the deposit and withdrawal limits are, how long your withdrawal will take and if there are any fees associated with the payment provider. Casinos will always list the available payment providers and all their limits. You will find this information at the cashier or you can also contact the customer service team via the live chatbox.
What To Look Out For To Find The Best Payment Option For You
To play top quality slots and table games online, you will need to deposit some money into a casino account, and this can easily be done by transacting with one of the many payment providers. If you’re playing at a top-quality casino, you will have at your disposal a variety of payment providers that you can use to deposit and withdraw. But how to choose the right casino for your casino payment options? Let’s have a look at what’s available.
Credit/Debit Cards
Just about every online casino will offer their players the option of using Visa and Mastercard. Visa and MasterCard have an embedded microchip which makes every transaction completely secure and fraud-proof. Withdrawals take about 3 days to be in your account.
- Pros:
- Debit and credit cards are very simple to use and as most of us already own either Visa or Mastercard, this payment processor is very convenient
- Visa and Mastercard apply high-security standards which makes them safe to use
- Visa and MasterCard are accepted at most online casinos
- Cons:
- Although casinos don’t charge any fees for transactions, there could be a small fee charged by your debit or credit card provider
- There is a lack of anonymity as players will have to share their credit card information and billing address
Electronic Wallets
If you are looking for fast deposits and withdrawals, eWallets offers the fastest deposits and withdrawal method. Electronic Wallets also allow for smaller deposits like a $1 minimum deposit. One of the main reasons casinos take a long time to process withdrawal requests is because of a process called Know Your Customer or KYC. Casinos are legally obliged to ensure that their clients are over 18 and are legally allowed to play at online casinos. The player’s identity has to be verified with proof of identity documentation such as utility bills and an identity document. This process can take a few days to be complete, so it’s in your best interests to send the casino a copy of your documents as soon as possible. When withdrawing with your credit and debit cards, after your withdrawal request has been approved, you will still need to wait a few days to get your funds, but eWallets are much faster.
Skrill, Neteller, ecoPayz and PayPal are among the most used eWallet payment providers at online casinos. They offer instant deposits and withdrawals that can take between 24 to 48 hours to be in your account. Other eWallets include iDeal, WebMoney, Instadebit and Yandex Money. Using an eWallet to withdraw your funds offers the fastest way to get your money back, second only to cryptocurrencies like Bitcoin.
- Pros:
- Deposits and withdrawals are easy as eWallets only need an email address and a password
- Electronic wallets offer speedy transactions, withdrawals take no more than 1-2 days
- When depositing and withdrawing with eWallets, no sensitive information needs to be shared with the casino operator
- Electronic Wallets are protected by encryption technology, anti-money laundering protocols, and two-step authentication
- Cons:
- Players need to register with an eWallet before they can deposit and withdraw at a casino
- There are bonus restrictions as more and more gaming sites make their Welcome Bonus unavailable to players depositing with Skrill or Neteller
Prepaid Cards
For players that don’t have a credit card or a bank account, prepaid cards are the ideal alternative. Players can also transact with prepaid cards to limit their online spending. Some prepaid cards, such as PaySafeCard, Neosurf and AstroPay are loaded with a fixed amount, which when used up, needs to be reloaded.
- Pros:
- Very convenient as there is no need for a credit card or bank account
- Prepaid cards offer anonymity. There’s no record of money being spent on gambling
- A very secure payment method with top of the range encryption
- A great way to control your spending is when the money is spent, a new card must be purchased or re-loaded
- Cons:
- Most prepaid cards can’t be used for withdrawals
- Most online casinos attach low limits to prepaid card deposits
Instant Bank Transfer
Often enough, casino accounts can be funded via one of several Instant Bank Transfer options such as Trustly, iDebit, Sofort, Euteller, Giropay and Nordea. Each of these payment providers acts as an intermediary between the online casino and your bank, allowing you to pay through your online banking system while at the same time benefiting from bank-level security.
- Pros:
- Bank Transfer is convenient as you only need to have an online banking account
- No sensitive financial details are shared with the casino
- Cons:
- Withdrawals with instant bank transfer can take a few days to be in your account, for traditional bank transfers, your funds will only reach you in up to 10 working days maximum.
Benefits of Fast Payouts
Withdrawing your funds at fast payout casinos is essential for players that don’t want to wait for days or even weeks to get their money back in their account. Withdrawal delays can be caused by the payment provider we use, withdrawing huge amounts, using a withdrawal method that’s different to how your deposit was made, and holidays seasons like Christmas and New Years.
Fast Withdrawals
We list and recommend fast payout casinos where you can make a minimum deposit and start playing with a Welcome Bonus and a Free Spins Bonus. When it’s time to withdraw your funds, the casino will process your request immediately and depending on which payment processor you use, your wins can be back in your account in between 24 to 48 hours.
Payment Methods That Allow You To Play In NZD
Are you looking for safe casino sites for players from New Zealand? Our pages are filled with top quality casinos that are fully licensed and have been vetted by our team as being trustworthy and completely safe to play at. All the casinos you will find on our pages offer exclusive sign up offers and all your favourite pokies and table games are powered by top software companies like Microgaming, Yggdrasil and NetEnt. Browse through our pages and start playing at a new online casino today. Register a new player account and make your minimum deposit in NZD by using one of the many payment options available.
Choosing the Best New Zealand Casinos
The huge growth of online casinos during the 20th century has created massive opportunities for players around the world to enjoy safe, real-money online gambling. Available across all platforms, including desktop, tablets and mobile devices like iOS and Android, the thrills that players experienced at traditional brick-and-mortar casinos are replicated online with none of the perks left out. Players looking to spin the reels of popular pokies or a quick hand of Blackjack can do so without leaving their homes.
The very best New Zealand casinos offer casino games of every type and variety. Pokie enthusiasts can play classic pokies or try a modern multi-reel video pokie game while table fans can play classic favourites like Blackjack, Poker, Baccarat and Roulette. Players that enjoy sports betting can also do so online while Scratchcard games, Progressive Jackpot games, Bingo, Keno and Live Dealer Casino games continue to be very popular for players to enjoy maximum entertainment online. The next big deciding factor when selecting a casino site to play at is the Welcome Bonus package and promotions on offer. A Welcome Bonus will essentially double the player’s bankroll and as an extra, a set of free spins escalates the excitement. Casino bonuses and promotions extend gaming time and afford players the chance to get more wins.
NZ Casino Best Payment Options
If you’re an online casino player in New Zealand, consider yourself one of the fortunate ones. Online casinos that cater to Kiwi players are many. Not only is there a large number of great online casinos especially for players from New Zealand, but most of the casinos accept a wide range of NZD banking options. This means that when you make your real money deposits or withdraw your funds, convenience is the main factor no matter if you prefer to use a credit card, eWallet, bank transfer, or another banking option.
Debit And Credit Cards
Used around the world in most countries and also at casinos that focus on players from New Zealand, debit and credit cards are the most popular and widely used ways to deposit and withdraw. Credit cards include Mastercard, Visa and Maestro while players that use their debit cards can transact with Mastercard and Visa Electron. Deposits are instantly processed and for withdrawals, count on between 3 to 5 days for your withdrawal to reach your account.
Electronic Wallets
As can be expected at online casinos, digital banking methods are very popular and used by many players as their preferred way to deposit and withdraw. The eWallets accepted at almost all the best gambling sites include Neteller, Skrill, PayPal and ecoPayz. When depositing with an eWallet, your deposit is instantly available and withdrawals are also very quickly processed and take between 24 to 48 hours to reach your bank account.
Prepaid Cards
Thanks to their added security and anonymity, prepaid cards are an extremely popular deposit method for casino players. Most top-quality casinos accept the most popular prepaid card, PaySafeCard but for New Zealand players, UKash is also accepted at many casinos. PaySafeCard works with a 16-digit PIN code number while UKash has a 19 digit PIN. Players enter their unique PIN code at the cashier and then enter their deposit amount. Many casinos don’t allow players to withdraw with their prepaid cards, so always check with the customer service team if PaySafeCard and UKash can be used for withdrawals.
Bank Transfer
The most reliable way to send money online, direct bank transfer has always been a widely used deposit method for many online players. Deposits are instant but withdrawals take a little longer. At some casinos, Bank Transfer takes up to 7 working days but players that use this payment provider don’t mind too much as the security and convenience factor, outweighs the waiting time.
Bitcoin
Bitcoin is a type of cryptocurrency, it’s a digital payment method used to transact online. Although it has taken some years for players to get used to Bitcoin, these days more and more players are taking advantage of its many benefits. It is a payment provider that’s completely free of fees, it offers stellar privacy and security benefits and players can transact and play casino games anonymously. Deposits are instant and withdrawals only take a few hours to be back in your account.
POLi
POLi is a popular payment that originated in Australia and is today a leading real-time online debit payment method. For New Zealanders that wish to fund their casino account with POLi, they can do so without having to use their credit card or share any personal information. Kiwi players love this payment processor as it is super private and transactions are quickly processed. Deposits are instantaneous and withdrawals take up to 3 days to be back in your bank account.
Withdrawing Funds at NZ Casinos
A few years ago, withdrawing your funds from an online casino was tedious and complicated but today, withdrawals are a breeze. Typically players can deposit with one of many available payment processors including Visa, Mastercard, Skrill, Neteller and PaySafeCard. For withdrawals, most casinos prefer their players to use the same banking method they used to make their deposit with. This means if a player deposited with Visa, then they will receive their withdrawals with Visa and while most debit and credit cards can be used for deposits and withdrawals there are some exceptions. Mastercard for example is one of the most common depositing methods but typically does not offer a withdrawal option.
When it comes to fees, although most online casinos don’t charge their players any fees to deposit, some casinos will charge you a small fee to use payment methods like PayPal. It is always worth checking with your payment provider to see what fees will be charged.
For withdrawal times, there are no hard and fast rules for processing times but it’s safe to say on average that most withdrawals through popular payment methods will take between 3-5 days. Fast payout casinos process your withdrawals instantly and you can get your money back in your account in less than 2 days, but other casinos may need up to 7 days to process your withdrawal request.
Players will also need to consider withdrawal limits as sometimes players are limited to certain withdrawal limits per day of between $1000 to $3000. It is always worth contacting the customer service team via the live chat box to confirm what the withdrawal limits are.
Why do Minimum Deposits Vary with Deposit Method?
To get started playing at an online casino, you will first need to make a real money deposit. There are various deposit methods you can use, such as Visa, Visa Electron and Mastercard, eWallets like Skrill and Neteller, bank transfers, cryptocurrencies like Bitcoin and many more.
We have prepared a handy guide for you to understand the main payment options, why minimum deposits vary depending on the deposit method and other interesting information such as how to maximize your deposit. Remember that some transactions are free of fees and others aren’t, so always check the casino’s banking page to confirm what fees you will be charged.
The most useful suggestion we have for you is to check the gambling site carefully before you make a deposit. Read our detailed casino reviews and ensure that the casino you choose to play at utilizes the latest security software and safety features like SSL encryption to keep your personal and financial information safe. Our listed casinos have been carefully vetted for top quality online gaming and offer you all the best and most popular slots and table games, they are all licensed and regulated by a respected Authority so that you can safely deposit and play casino games.
How to Maximize Your Deposit
One of the best ways to maximize your deposit is to be sure to claim the Welcome Bonus and Free Spins offers. New players will always be offered a lucrative bonus and a set of free spins to welcome them to the casino. Playing with a bonus means that you can start playing with double your bankroll and the free spins will give you more bang for your buck. Armed with a Welcome Bonus and a free spins bonus will extend your gambling time so that you can play for longer and get more opportunities to hit the big wins.
Types of Deposits You Can Make At Online Casinos
There are various types of bonuses on offer for both new and existing players and these bonuses and promotions are nearly always associated with a real money deposit.
First Deposit Bonuses
Have a browse through our listed casinos and when you find one that gets your attention, head over there, register and make your first real money deposit to trigger the Welcome Bonus package. Every online casino will offer you some sort of first deposit bonus and whether you will need a Bonus Code to activate it or if you have to opt-in to claim it, a deposit will nearly always be the trigger to receiving the bonus and free spins. Every online casino is different and as such will offer a different type of Deposit Bonus. Typically, you will receive a 100% match on your deposit and free spins that can be used to play popular slots. Many casinos also offer Loyalty Points for the VIP/Loyalty Programme so that you get started with a rich reward. At minimum deposit casinos, you can deposit small amounts like $/€1, $/€5, $/€10 and $/€20, while at other casinos your deposit can range from $/€20 up to $/€50 or more. Always read the casino’s Terms and Conditions so you can find out exactly what your bonus and free spins entails, how long you have to fulfil the Wagering Requirements and other important rules relating to your bonus.
Reload Bonuses
Reload bonuses are offered to casino players that have already deposited at an online casino. It’s an incentive for the player to make regular deposits and claim something back for it. Reload Bonuses are triggered by a deposit and in most cases, the player can enjoy a free bonus and several free spins for popular video slot games. Every Reload Bonus comes with certain specifications so always check the unique details of the bonus before claiming it. You will find all the relevant information in the Terms and Conditions or contact the customer service team via the live chatbox.
Free Spins Bonuses
Very often online casinos offer Free Spin Bonuses where you can play some new slot games on the house. No Deposit Free Spins Bonuses are very procured online as they allow players to register a new player account and immediately receive a set of free spins at no charge. The casino could offer 10 or 20 or more free spins that can be played on a top slot game and the winnings can be withdrawn after the Wagering Requirements have been met. As soon as your free spins bonus has been played, you will need to deposit to continue playing casino games online.
Online Casino Deposit Methods
The good news is that making your first real money deposit is easy to do. It isn’t any different than buying something online. You can add funds to your casino account via a trustworthy banking provider and once your payment is made, your deposit is instantly available. For withdrawals, select the same banking method you used to make your deposit and your money will reach you in a few hours up to a few days. But what payment providers can you expect to find at an online casino?
Credit Cards and Debit Cards
You can fund your casino account by using debit and credit cards Visa and Mastercard. At online casinos, Visa and Mastercard have become the most popular way to fund a casino account, and while some sites accept American Express and Maestro, they are less common. Online casinos are all different and operate according to a different set of policies. When transacting with Visa and Mastercard, many casinos will impose a minimum deposit limit of between $/€5 and $/€10 because of the fees that come along with using your credit or debit card.
Electronic Wallets
Another popular way to fund your casino account is with the use of eWallets. An eWallet is a storage banking method that is used to store your funds, which can then be spent online or transferred to your bank account. Making your deposit with an eWallet provider is a very handy way to transact at online casinos. It’s an easy and convenient way to make your deposits without constantly having to withdraw from your bank account. The most popular eWallet is PayPal, but it isn’t the leader when it comes to online casino gaming as its services are only allowed at casinos in regulated jurisdictions. However, there are other eWallets available that offer similar options for a much wider variety of gaming sites. Neteller, Skrill and ecoPayz are three of the most popular eWallets that offer low or no fees, complete security and anonymity. Minimum deposit casinos always offer a selection of eWallets as they allow players to make small deposits, even as small as $/€1. Withdrawals are processed very quickly and players can get their money back in 1 to 2 days. Be aware that at some online casinos eWallets cannot be used to trigger a Welcome Bonus.
Online Banking
It is also possible to fund your casino account by using your bank account. This can be done with a wire transfer or a bank transfer or even with an eCheck. Online banking is normally regionally designated, in other words, players from New Zealand and Australia can use PoliPay, while Portuguese players can use Multibanco. Using your bank account to transact online is quick and convenient and offers complete security as the payment is made directly by your bank. Deposits are instant but withdrawals take a little longer to reach your account, count on between 3 to 7 days.
Prepaid Cards
For players that want to avoid sharing their financial information, exposing their credit cards online or making their deposits with their bank accounts, prepaid cards offer a good alternative. Players can purchase cards like PaySafeCard that are already pre-loaded with different amounts, and after depositing whatever is left on the card can be used the next time you log into a casino. The best examples are PaySafeCard, that uses a secure 16 digit code and Ukash, a voucher system that uses a 19 digit code. PaySafeCard can be used at minimum deposit casinos as players will be able to make small deposits and still claim a Welcome Bonus and free spins.
How to Make a Casino Deposit
Before you can deposit, you will need to set up a casino account. The online casino will ask you for your personal and financial information, the currency you wish to play with and your preferred banking method. The casino will also ask you to confirm that you have read the Terms and Conditions. Once your new player account is verified you can deposit at the cashier. To deposit for the first time, the casino will ask you for additional information such as a copy of your identity document, but this is a once-off thing. For withdrawals, select your banking provider from the dropdown list at the cashier and enter the amount you wish to withdraw. If the casino processes all withdrawals instantly, expect to get your money back within a couple of hours for eWallets and with debit and credit cards, your money will reach you in a few days, up to 7 days for Bank Transfers. The fastest way to deposit and withdraw is via cryptocurrency. Using Bitcoin or another crypto means getting your money back within minutes.
How Low Can You Go with These No Minimum Deposit Casinos?
Freedom of choice is a wonderful thing and being forced to deposit more than you want to because a casino has minimum deposit limits as high as $/€20 can be off-putting. If you were planning on making an upper-range deposit, then limits may not bother you, but if you prefer to have complete control over how much or how little you deposit, a casino that has more flexibility in its deposit limits may suit you better. We’ve heard of $/€1 minimum deposit casinos, but if you really want to deposit less, how low can you go? We’ve compared several minimum deposit casinos to find out.
Advantages Of No Minimum Deposit Casinos
There are several advantages to choosing a casino that has very low, or no minimum deposit restrictions.
- Casinos that have no minimum deposit limits tend to have a wide variety of payment methods. It is very rare to find a casino that supports Visa and Mastercard only, that also allows a $/€1 minimum deposit. Flexibility is a philosophy, and it tends to make itself obvious in the range of choices a casino offers.
- You have full control of your deposit amount. You do not have to deposit more than you had planned simply because the casino will not accept a low deposit. A low minimum deposit casino takes the whiff of elitism out of online gaming. Anyone over 18 can play, at any price range.
- Making a very low deposit is an excellent way to test the functionality, games and support system that an online casino offers, without making a big financial commitment. If you are wary of trying a new casino, or if you are a new player and not sure how an online casino functions, making a low deposit and testing the platform is the best way to start, with the lowest possible risk.
- If you can find a casino that offers bonuses on small deposits, you can double your deposit (depending on the welcome offer) and extend your playtime. If you are playing games with low stakes, you could build up a reasonable balance from just a small deposit, if luck is on your side.
Some Of Our No Minimum Deposit Casinos
Our website specialises in finding casinos in various different minimum deposit categories. We have found several highly rated casinos that will allow you to make the smallest possible deposits to give you access to a wide selection of quality casino games. In some cases, the lowest minimum deposits will be linked to a particular payment method, while in others you have a range of payment options. Generally, a low minimum deposit will not earn a welcome bonus, but you can find some casinos that will give you a boost on your deposit. Here are some of the best low deposit casinos we have found for you.
22Bet Casino – Get a Bonus with a $/€1 Deposit
22Bet is a vast gaming platform that provides you with a full sportsbook to bet on a wide range of markets, and an impressive casino where you can play a huge selection of slots, table games and Live Casino games. In line with this concept of abundance, 22Bet gives you a long list of payment options that you can use to fund your account… and most of these options allow minimum deposits of $/€1.
Aside from its impressive game list and sportsbook, what makes 22Bet outstanding is the fact that the casino will give you a 100% bonus on your first deposit, even if you deposit $/€1. There is no lower limit to the bonus eligibility. You can choose to claim the 100% welcome bonus for sports betting, which will give you up to $/€122, depending on your deposit amount, or you can claim the casino welcome offer, which will give you up to $/€300 on your first deposit.
If you play casino games or follow sports on your mobile, 22Bet has an excellent mobile app to make your gaming more convenient. The website will adjust to functioning as a mobile casino in your browser if you prefer.
Gaming Club – No Lower Limits with Paysafecard
Gaming Club is a classic Microgaming casino, so you can expect an excellent collection of slot games with the software provider’s trademark bonus features and range of themes, from vampires to blockbuster movies. You can play a variety of poker, blackjack and roulette games in the online casino format, or you can enjoy a touch of real-world authenticity and play with a real dealer in the Live Dealer section. The casino offers a welcome package that could get you up to $/€350 over your first two deposits, but you need to deposit at least $/€10 to qualify for the 100% deposit match bonuses.
The minimum you can deposit at Gaming Club depends on the payment method you choose. If you use Visa, Mastercard or Maestro, for example, you need to deposit at least $/€10. If you prefer Skrill, Neteller or Echeck, you can deposit $/€5. If you use Paysafecard to fund your account, there is no minimum. You can deposit as little as you want.
Casino Z – Deposit $/€1 with Most Payment Methods
If deposit flexibility if what you are looking for, then Casino Z is an excellent choice. It has multiple payment options, from Visa and Mastercard to cryptocurrency. You can fund your account with a variety of web wallets, bank transfer methods, pre-paid cards, or even self-service terminals, depending on your location. The minimum deposit for most of these payment methods (including debit or credit cards) is $/€1.
Casino Z is a user-friendly gaming platform with an intuitive layout and simple navigation. Don’t let the simplicity deceive you, though – there are well over 5000 casino games in its impressive collection. The casino offers a range of slot and table games, including progressive jackpots, dice, lottery, cards and 3D games. There’s a full Live Casino that offers casino classics like blackjack and baccarat with a real dealer. You can also play in tournaments of you enjoy competing against other players.
Casino Z has a very generous welcome package. You could get up to $/€1500 and 150 free spins over your first four deposits. To trigger the first bonus, you need to make a minimum deposit of $/€10. This qualifying amount increases to $/€15 to access the rest of the welcome bonus package.
Best payment methods for no minimum deposit casinos
Although some of the low deposit casinos we found can accept $/€1 payment from Visa and Mastercard, using your credit or debit card might not be the best way to fund your casino account. When you wish to make a withdrawal, the processing times can vary from a few minutes to an entire week. Other payment methods tend to take around 15 minutes to complete your transaction. Some banks may block any transactions from a casino, so to avoid frustration and long waiting times, it’s a good idea to think about alternative payment methods.
Paysafecard
Paysafecard is a pre-paid card that works like a voucher system. You can buy a card at any land-based or online outlet in various denominations. You will receive a 16-digit pin code that you use in place of credit card details. It is one of the safest methods to perform a financial transaction online as you are not sharing any banking details with the casino. You can create a Paysafecard account for extra convenience.
Paysafecard is widely available as a payment method at online casinos. The only negative point about Paysafecard is that you can’t use it to make a withdrawal from most casino accounts. Because many casinos insist that you use the same method to process a withdrawal as you used to make a deposit, you might need to transfer more funds to your account with a different payment method if you want to withdraw your funds. However, if you are testing a casino and are unsure about its privacy or security policies, Paysafecard is one of the best methods to use.
Bitcoin and other cryptocurrencies
A few years ago, playing casino games with cryptocurrency was not possible, but as digital currency exploded in popularity, the online casino industry took note. Due to the nature of the transactions, playing in cryptocurrency is one of the best ways to preserve your online privacy, and it offers much more flexibility than conventional payment methods. As more casinos adopt this payment type, you will be able to enjoy lower minimum deposits and almost unlimited withdrawals at more online casinos. At the moment, there are numerous casinos that specialise in cryptocurrency payment methods, particularly Bitcoin. This number will grow as more casinos and players begin to understand the value of using this funding option.
EcoPayz
If cryptocurrency or pre-paid vouchers don’t appeal to you, a different payment system may be a better method for you to make the lowest possible deposits. Although EcoPayz is supported by a number of online casinos, not all of them allow you to make a small deposit with this method – but it is possible. You can deposit as little as $/€1 with EcoPayz at Casino Z. Deposit transactions will reflect instantly, and there are no service charges.
EcoPayz is a payment solution that allows for the safe and convenient transfer of funds worldwide. You can make ATM withdrawals and spend your funds abroad if you wish. Based on a contactless card system, you simply apply for your EcoPayz card when you set up your account, transfer funds to your account, then use your card to make deposits and withdrawals from your casino account. You will never need to share your personal banking details with the casino. This payment system is available in 8 currencies and is highly rated for both ease of use and security.
New Legislation for GBP casinos in UK
A group of influential British politicians have proposed the most radical change of gambling laws at GBP Casinos in 15 years. One of their recommendations is that an all-party group study the harms of gambling and reduce the maximum slot stake to £2. They also focused on payment methods to fund accounts and withdraw winnings, and have proposed restricting the use of credit cards to fund casino accounts. No mention was made on other payment methods such as:
Published recently in a leading newspaper, the Guardian, the government announced that the all-party parliamentary group (APPG) suggested making core changes to the online gambling market. In an area that’s already shrouded with rules and regulation, the subject of problem gambling was put under the spotlight. A report that took six months to compile outlined the dangers of online gambling and gambling in general. The report was backed up with evidence gathered from online operators and personal interviews with problem gamblers.
The strongest protesters were Ian Duncan Smith, a popular legislator in the UK and Carolyn Harris, Home Office Minister at Labour’s Shadow. They reminded parliament that similar changes had been made last year with the lowering of the maximum stakes allowed at fixed-odds betting terminals from £100 to £2, despite warnings from the betting industry that many outlets would close and jobs would be lost.
Changes in Casino Payment Methods
The report in The Guardian went on to say that the parliamentarians also proposed putting an end to the use of credit cards to fund online gambling. The other area under the spotlight is VIP accounts at online casinos and the article confirmed that tighter restrictions would be imposed on casino VIP accounts. The report revealed that high roller players could potentially accumulate huge debt because of enticing offers like tickets for exclusive events and free bonuses. The Guardian suggested that before online gamblers would be allowed to play their favourite online casino games, they’d have to undergo obligatory checks for affordability. In a recent interview, Harris added that reducing prize limits and stakes is the first step forwards. She also expressed her confusion about the lack of interest from the Gambling Commission and condemned the regulatory body as being irresponsible.
The British online gambling market is massive and with these new reforms, there’s a lot at stake. It’s a fine balancing act finding the most effective ways to regulate the market, protect the more vulnerable while at the same time not scaring off investors, casino, and sportsbook operators. Online gambling remains one of the main areas not perfectly regulated, but as the eyes of the world turn back on this form of entertainment, things are soon bound to change.
Up until now, online casinos have 72 hours to carry out age verification checks before players can withdraw their winnings, but the new rules propose that before clients can fund their account and gamble online, either with real money games or free-play, their ages must be verified.
In a recent press release, Neil McArthur the Gambling Commission CEO confirmed that the drastic changes were being made to protect children and the vulnerable from gambling-related damage and reduce the risk of gambling related crimes.
Online Casino Payment Methods
Moving money securely and speedily is a key factor to the enjoyment of online casino gaming. You’ll want to fund your casino account easily and transfer your winnings quickly. The payment provider you choose depends on a variety of priorities, but with the recent suggestion by British Parliament to not allow credit cards to be used to fund accounts, players have to re-think which method to use. Popular providers such as PaySafeCard,Skrill, Paypal and Bitcoin used at GBP Casinos have many advantages associated to them. In our article we’ll look at what they are.
Skrill used to be known as Moneybookers and both back then and now is still one of the fastest, secure and most affordable way to fund your casino account. Available in over 200 countries and in over 40 currencies, Skrill is being used the world over to fund online shopping and online gambling. It falls under the group of electronic wallets or eWallets, as they are referred to. This is because Skrill can digitally house multiple payment methods including credit cards, debit cards and cash in multiple currencies. One of the greatest benefits is how easy it is to get started with Skrill! By completing an account registration process at the Skrill website is the first step to funding this popular eWallet system. You’ll be asked for your personal information to verify your identity and you’ll also be asked to choose a password and enter a few additional security questions. The final step is to link your Skrill account with your bank account, debit or credit cards for easy deposits free from costly fees.
Skrill offers complete protection as it’s said to be one of the most secure eWallet available today. When using Skrill to make your deposits at online casinos, there’s no need to expose any of your bank account or credit or debit card information. Transactions are anonymous.
Skrill is also associated with very low fees and in fact most online casinos now process Skrill deposits fee from any fees. Once your Skrill account is up and running your deposits will be instant.
PaySafeCard
PaySafeCard isn’t exactly a card in the way we’ve become accustomed to using payment cards, it’s more a convenient e-voucher system that can be topped up to fund your casino account. PaySafeCard is a prepaid system based on vouchers and loading the card doesn’t need bank account information nor any credit card information.
When you use PaySafeCard to fund your casino account, you can rest assured that the voucher company uses the highest SSL Socket security standards to protect your information. Many players enjoy minimum deposit casinos and Skrill is perfect to fund even the lowest deposits. Casinos use sophisticated 128-bit Secure Socket Layer connections to keep your money details secure but using PaySafeCard as your funding choice keeps things even more secure.
PaySafeCard makes use of a multi-layered security PIN codes. Every PIN-code is generated by the system and is completely unique meaning that you can only use the voucher once. This offers a perfect way to ensure that no one can steal your PaySafeCard information.
Another very useful benefit about using PaySafeCard is that the mobile application allows you to keep on eye on how much is left on your voucher, and you’ll never have to worry about going over budget or overspending.
Bitcoin
Bitcoin casinos are becoming the new preferred way of funding online casino accounts. The term Bitcoin casino refers to any online casino that accepts Bitcoin, a form of electronic cash or cryptocurrency. Bitcoin is digital currency that works from a central bank and can be sent from user to user on a peer-to-peer Bitcoin network. In recent years, several Bitcoin casinos have surfaced offering players tailor made casino games and other services like funding their account in Bitcoin as opposed to fiat currency such as the UK Pound.
The greatest advantage of using Bitcoin is that no third party is ever given access to your personal and financial information. Many countries are yet to fully regulate online gambling and as a result players need alternative payment methods free from complications. Bitcoin is by far the best option. Transactions are not processed via a bank and with Bitcoin, players don’t even need to link their debit and credit cards to fund their casino account.
Bitcoin deposits and withdrawals are instant and not subject to taxes and bank transaction fees. This makes it the number one choice for players that want to get funding their account over with quickly, and get down to the business of playing casino games.
Minimum Deposit Casinos
As online casino gaming has continued steadily growing, gaming operators have had to come up with new and exciting ways to attract players to make real money deposit at their casinos. Until recently the lowest minimum deposit of £20 and more but many low stake players didn’t want to participate as they felt the deposit was too high. At some online casinos today you can make the lowest deposit possible of £1 and still qualify for a Welcome Bonus!
If you enjoy playing casino games on the go from your iPhone, Android or tablet or from your desktop but don’t want to invest too much of your money, then we have good news for you! We list a large selection of minimum deposit casinos! Follow our links for the best £1 deposit amounts, £5 deposit amounts, £10 deposit amounts and £20 deposit amounts. Head off to our UK home page and you’ll find some other great articles and reviews, have a read and get caught up with news, reviews and the best online gaming on the internet.
Betting Shares Fall After MP’s Call For Online Gambling Limits
A group of influential Ministers of Parliament recently proposed radical changes that could affect gambling as we know it. To combat what they called “a public health crisis” of gambling addiction, they called for a reduction of the maximum slot stake to $/€2. This has not been taken well by the industry. Following their decision to re-structure online gambling, shares in Britain’s biggest betting companies such as:
- Ladbrokes
- Paddy Power
- William Hill
- 888 Casinos
Their most urgent recommendation was to bring the maximum slot machine stakes down to the same level of fixed odds betting terminals. According to the Gambling Related Harm All Party Parliamentary group, slot machines are the crack cocaine of gambling and making them less lucrative could help players curb their addiction. In a recent press release they stated that there is no justification for players to stake anything over $/€2 for slots. They further advised that the way slots are right now, players can easily stake thousands of Pounds in a matter of minutes and not even realise it’s happening.
Labour MP for Swansea East and APPG chair, Carolyn Harris, called the gambling industry an unregulated wild west. She stated their intention to target slots and make radical changes as they did earlier this year. In April 2019, the maximum stake for fixed odds betting terminals were slashed from a maximum stake size of 100 to just $/€2. Since then, betting companies have sought growth in online revenues and in the three months following their drastic stake cuts on FOBTs, same-store revenues for UK retail business betting group GVC fell. GVC owns prominent sportsbook and casinos such as Ladbrokes, whose shares fell 18%. William Hill and Paddy Power shares fell 12.5% and 888 Casino Holdings saw a drop of 13.9%.
Members of Parliament re-iterated that reducing the maximum online gambling stakes to $/€2 would force gaming enthusiasts to spend less and stop them chasing their losses by doubling up significant sums with each successive bet.
With smartphones these days being the most popular way to play online casino games, the amount of money earned from online gaming increased from $/€1.2bn in 2007 to $/€5.6bn in 2018. This is unacceptable for MP’s who also criticized the Gambling Commission for not having looked into maximum betting stakes online. The Gambling Commission answered back by expressing their dissatisfaction at not having had the opportunity to give evidence to the APPG before the report was published.
Kenny Alexander, chief executive of GVC, said in a statement that over regulation does more harm than good. She further explained that these measures could lead to an increase in problem gambling as clients will be forced to move away from responsible, regulated casinos and play their favourite casino games through the black market. William Hill confirmed that a flat $/€2 stake is more likely to push players into unregulated sites.
Changes in Casino Payment Methods
A recent report in The Guardian informed that parliamentarians also proposed putting an end to the use of credit cards to fund online gambling. Moving money securely and speedily to play online casino games is one of the key factors to enjoyable online casino gaming. Players like to know they can fund their casino accounts easily with a variety of casino payment methods and transfer their winnings quickly back to their accounts. With recent suggestions made by British Parliament to not allow credit cards to be used to fund accounts, players will have to re-think which banking methods to use. Popular providers such as:
have many advantages associated to them and although credit cards might soon be removed from the available payment methods list, there are plenty more on offer!
Changes to VIP Perks
The other area under the spotlight is VIP accounts at online casinos. The article went on to say that MP’s will be targeting tighter restrictions for VIP accounts. Their attempts at reducing gambling addiction focused on the fact that high rollers can potentially accumulate huge debt because of the enticing offers casinos make to their VIP players. Exclusive tickets to concerts and sports events, free bonuses, regular offers for Free Spins and other cash bonuses are seen as ways to pull the gambler in and make them an offer they can’t refuse. According to the Guardian, suggestions have been made for VIP gamblers to have regular checks made on them such as obligatory checks for affordability, but it remains to be seen whether this will be instituted or not.
Volatility of Bitcoin: How your Winnings could double in value in a short space of time
When it comes to finding the best payment methods to use on online casinos and other betting sites, there is a huge array of choices. From credit and debit cards to e-wallets, there are plenty of options, and you can choose the best fit for your needs and lifestyle. There is one method in particular, however, which has been growing in popularity recently: cryptocurrency, and especially Bitcoin.
Bitcoin is a type of currency which is digital and totally virtual. Itis essentially a version of cash which is entirely online, and can be used to purchase products or sign up to services – including online casinos.
Bitcoin may seem complicated, but it is actually a pretty straightforward concept, and you will find plenty of guidance on any Bitcoin payment method page. Every Bitcoin works in a similar way to a computer file, and are all stored in a digital wallet, which may live on your computer or smartphone. Consumers are able to send Bitcoin, or parts, to the wallet, and they can be traded between users. Each transaction is recorded on the ‘blockchain’ – a public list that allows you to trace the entire history of Bitcoins. This prevents people from making illegal copies, undoing transactions or spending coins they do not have.
There are three main methods for getting your hands on Bitcoins; they can be purchased using real money, accepted as payment for goods or services, or created using a computer.
There is a huge range of benefits to choosing Bitcoin, and the primary one is security. The blockchain means that every single Bitcoin is a public record; there is no way you can be a victim of fraud, or spend any currency you do not possess. Making transactions via Bitcoin is also anonymous, and a perfect solution for anyone looking for a more discrete method of making transactions.
While every Bitcoin interaction is a matter of public record, this list does not include any identities, such as names, addresses or other financial records.
Bitcoin-friendly Casinos with amazing bonuses
It can still be difficult to find a casino that will accept transactions via Bitcoin; it is still fairly niche, though the popularity is increasing every day. There are two main casinos that are often name-dropped with regards to cryptocurrency; Playamo and Bitstarz; both popular sites with plenty of the top games and titles to choose from.
- Bitstarz Casino
Bitstarz is a site which really embraces Bitcoin, and includes this in their welcome offer; any Bitstarz Review will include it! The first deposit you make will see you grab a 100% match bonus up to 5BTC, as well as a whopping 180 free spins to spend on Wolf Gold, Boomanji or Fruit Zen. The first 20 spins will be added to your account 23 hours after you make your initial deposit and another 20-24 hours later. This continues for 9 days until you reach the grand total of 180.
The second deposit you make sees you grab a 50% bonus up to 5BTC and this is instantly credited to your account. This is a great way to really boost your initial deposit, helping it to go as far as possible and giving you the chance to totally explore the casino in all its glory before you decide whether to commit.
- Playamo Casino
Playamo is another big name in the world of the Bitcoin Casino, and any Playamo Casino Reviews will be sure to hype up this important aspect of the site. New players can enjoy a $/€100 welcome bonus, with a 100% match bonus up to $/€100, plus 100 free spins. While this deal may not be as Bitcoin focuses as Bitstarz, but they nonetheless accept this cryptocurrency as payment and remain one of the few sites to do so.
Verdict
Bitcoin may not be the most popular payment method, but it is certainly something that is worth examining and exploring if you are looking for an alternative to typical credit and debit cards or eWallets. This is a way to enjoy a secure and anonymous payment system that takes care of transactions without requiring extensive financial information and details.
The number of casinos that are starting to accept and embrace Bitcoin is on the rise, and you only have to Google the term to embrace a ‘how to deposit $1 in Bitcoin article.’ They are super popular for low deposit casinos and can be a great way to add a little spice to your casino experience, offering all the perks that cryptocurrency can bring.