Gambling Deposits at online Casinos, Sportsbooks and more

What deposit options are available at the best Gambling Sites?

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Anyone who wants to gamble online wants one thing above all: to win money! Everyone knows that in the long run you will always lose out and, for example, every casino has a small advantage. But the one or other time you will certainly also bring in a big profit. And you have to be sure that you can not only deposit comfortably, but also withdraw relaxed.

And both is not as easy as you think. The options are numerous: credit cards, bank transfers, eWallets, cryptocurrencies, prepaid cards, etc. but what do you choose? And why? In which currency do you deposit and then play? If a currency needs to be exchanged from EUR to USD, for example, will there be any fees? Why can I pay with one payment method in a certain country and not in another?

As you can see, the issue can get complex very quickly. Of course, you can make yourself comfortable and say that all this is not so important. The main thing is to be able to gamble. But the problem is that firstly it doesn’t always work, secondly the fees might be too high and thirdly you might have problems when you want to cash out.

It is very easy to take a Paysafecard at the checkout in the supermarket and deposit with it in an online casino. But it becomes a problem when you want to withdraw again. This is one of many examples of problems casino newcomers can have.

What role do currencies play?

The U.S. dollar is the main currency, so to speak, which is also accepted in virtually every online casino. Even if only a few online casinos still accept players from the USA. Other players who prefer currencies such as Euro, CHF, SEK, CAD, etc., always face the problem of finding a provider that also supports this currency. Or if not, the amount always has to be exchanged into USD first and then back again when withdrawing. So it happens quickly that you simply pay 2.5% for an exchange. And that twice. And then you play in the casino with USD and not in a currency with which you pay your food. Many lose the reference to the actual value. So basically casinos should be preferred that support your own currency. And then you should have a credit card, eWallet, etc. with just this currency.

Which countries are supported?

The global online gambling market is very complex. In many countries online gambling is simply tolerated. There is neither a clear ban, nor regulation. Some markets, on the other hand, are clearly regulated and anyone who does not comply with the regulation is playing illegally. Other markets such as the USA, for example, are only sluggishly regulated. Here, since 2006, there has been quite a large black market, i.e. actually illegal online casinos whose players, however, do not face any consequences (so far). Regulation takes place by state and some of them are already fully regulated. The downside is that there are 50 states in the US and when everyone is cooking their own soup, it becomes hard to keep track.

You can make it short: Not every online casino is allowed to accept players from certain countries just like that. Some reputable casinos are licensed in a certain market, but not in another. For example, due to extremely high requirements, more and more casinos are saying goodbye to the UK.

What payment methods are available?

Now we come to the most important point. Because it offers itself to first ask the question with which payment method you want to deposit and withdraw. You should first decide and be sure to have money available in that account before you choose an online casino. Because the other way around is much more difficult. Setting up a payment method or changing funds is usually much more complicated.

On iGamingDeposit you can find a complete list of all available payment methods such as Neteller, Skrill, Paypal, Visa, Mastercard, Trustly, MuchBetter, etc. – all payment methods accepted by online casinos anywhere in the world.

What cryptocurrencies are there for gambling deposits?

When it comes to cryptocurrencies, there is of course a clear winner: Bitcoin. However, Bitcoin is not the optimal payment method for online casinos and gambling sites. There are several reasons for this but the most important one is the relatively high fees. These are usually not available with other cryptocurrencies. Fortunately, it is very easy to exchange one’s Bitcoins into e.g. Litecoin, Monero, Ethereum, etc.

What is not so easy anymore is to find a casino that actually accepts these cryptocurrencies. Often, a casino simply does a conversion to Bitcoin or mBits (a fraction).

Since there are more and more online casinos on the market that accept cryptocurrencies and they are actually very good, we definitely recommend using cryptocurrencies for online casino deposits and withdrawals. It is cheaper, anonymous, faster and also a withdrawal is not a problem at all.