Best Methods for Withdrawing Money from Online Casinos

Making a deposit at an online casino is no problem: you can deposit money at almost any casino in seconds with different methods. But when it comes to withdrawing money, if you want the process to be this fast and practical, you need to choose a method that is both good and safe. Moreover, choosing the wrong payment method can even put your personal information at risk.

Best Methods for Withdrawing Money from Online Casinos

You should aim to strike a balance between ease of use, security and speed: Your preferred deposit method should be practical and easy, but also extremely secure. So, which payment methods allow you to get them all? We will answer this question by listing below the best methods for withdrawing money from online casinos.

bank transfers

No matter what kind of service or product you are purchasing, wire transfers are probably one of the safest methods you can use. Recipient and sender information can be seen clearly and every stage of the transfer can be followed. Moreover, if you run into a problem, you have written evidence proving the whole process. However, bank transfers are somewhat impractical: they are often slow and expensive. A transfer can take more than a week to complete if both parties are in different countries. What’s more, transaction fees for an international transfer can be very high.

In the case of Turkey, wire transfers have another problem: As per local laws and regulations, transfers that are thought to be related to gambling are confiscated. If you are withdrawing money regularly and all of these transfers come from abroad, you will inevitably have some problems in the long run. In order to solve this problem, some alternatives that still use the banking infrastructure have been tried to be created. These include options such as:

• QR Code (withdrawal from ATM)
• Instant Transfer
• Quick Transfer
• CepBank

These options fall under online banking and can be useful for small amounts. However, it cannot be said that they are useful for shooting high numbers. Wire transfers would be a worthwhile method for Turkey only when large numbers are to be withdrawn. For small numbers, turning to these alternatives will allow you to get a smoother experience.

cryptocurrencies

Transfers using blockchain and digital currencies are unrivaled in terms of security and privacy. Since the recipient and sender information is encrypted, transfers cannot be tracked by anyone. Transaction fees are very low and transaction time is almost instantaneous. No one can tell or track how much you transfer on the blockchain as the banking infrastructure is not used.

In general, cryptocurrencies are safe and fast. 7 slots casino, is among the sites that support such digital currencies and allows you to use altcoins in addition to Bitcoin. However, how practical this option will be depends on your technical knowledge. So, if you are not familiar with blockchain technology, this method will not be so easy to use. However, we recommend that you start using cryptocurrencies as soon as possible. Digital currencies are becoming more and more popular and are supported by more and more online casinos. In Turkey, we can easily say that they are an ideal option as they will not have a problem such as “confiscation of the transfer”. Learning how they work is not that difficult, and opening an account on exchanges and using a digital wallet is enough to complete any transfer, no matter the amount. In this option, instead of multi-valued currencies such as Bitcoin and Etherum, we recommend choosing:

• Litecoin
• dogecoin
• DASH
• Tether

These are currencies with much lower transaction costs and for the same reason it is much easier to transfer small figures.

credit cards

Credit cards may be the easiest payment method to use. In just a few seconds, you can send money and buy an online service anywhere in the world. Likewise, a payment made to you will be transferred to your card in a very short time. Processing time is almost instantaneous and transfer fees are very low. In fact, you usually don’t even realize there is a transfer fee.

However, credit cards do come with some security risks when it comes to being secure. If you share your card information directly with the site, you are also assuming some security risks: The security of your information depends on how much that site cares about its own security. Credit cards should ideally be used securely with a system such as MasterPass, without sharing them with the website where the payment will be made, or with an option such as 3D Secure. In addition, they have the same problem as bank transfers in Turkey: Payments related to gambling can be added to. Choose this option to transfer only small numbers and do not regularly shoot to the same card.

E-Wallets

E-wallets can be a perfect example of the balance between security and ease of use. They are very practical to use and just as easy as credit cards: You can complete all your payments in seconds and you don’t have to compromise on security to do so. You do not need to share your credit card information or IBAN number to make transactions. All you need is an email address and password. Moreover, since the payments will be completed through the e-wallet site, the online casino will not even be able to see this information. E-wallet services such as PayPal, Skrill and Neteller do not work in Turkey, but you can still use alternatives such as ecoPayz, Web Money, Jeton and Papara.

To summarize, if you are not familiar with cryptocurrencies, e-wallets are the best, most practical and safest payment method you can use at online casinos. However, if you are familiar with how blockchain technology works, cryptocurrencies can also be a very good option, as they provide unrivaled privacy in addition to security. You should decide which one will be the better choice for you, based on your personal expectations.