New Casino Banking Methods That Are Growing All Over the Planet

The number of different options that we have for funding online casino accounts and taking out winnings has increased recently, so what are some of the new methods that more people are becoming aware of and how do they work?

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Cryptocurrencies Keep Growing Worldwide

The spectacular growth of digital currencies like Bitcoin has been one of the biggest success stories of the last decade. In some ways, these tokens appear ideal for use in casinos, as they provide a high degree of security and privacy. Deposits are made directly from your secure wallet to the casino’s wallet and withdrawals go in the opposite direction. They’re also fast and the transaction fees tend to be low.

It isn’t just Bitcoin that can be used in this way, as many casinos accept the likes of Litecoin, Ether, and other tokens. Some casinos even have their own currency that players move their funds into to start playing. Among the negatives of playing casino games with cryptocurrencies is the volatility of these tokens, which means that the value you play with can vary even before wins or losses are taken into account.

Gigadat Added in Canada

Gigadat is a payment option for Canadians that involves Interac as their partner. Canadians who want to gamble online more securely can look at this site, which has recommended a few Gigadat casinos such as Guts, LeoVegas and Pink Casino. It points out that to get started you need an Interac account before being able to make a deposit or withdrawal in this way. It’s regarded as a highly trustworthy and user-friendly way of moving funds.

Deposits are typically made by going to the casino’s cashier tab and choosing Interac as the method. After choosing the amount of the deposit and confirming the transaction, you’re taken to the Interac platform to confirm the bank and select between Interac and Inter e-transfer. A Gigadat transfer will only work if you have enough funds in your bank account.

Source: Pixabay

New Land-Based Options?

One of the interesting aspects of the recent move towards regulated gambling in the US is that their new online casinos often have to work with land-based partners. What this means is that their online players can use a local casino to deposit or withdraw at the cashier’s cage. This gives an interesting option as it’s usually fast and free, although in some cases users are asked to confirm their withdrawals in advance.

Could this method catch on elsewhere? It could certainly be used by those casinos that have both online and offline games, although it seems that few, if any, currently have systems that link these different parts of their operations. It could be a slightly easier option for players if adopted, but given the range of easy banking options right now it’s probably not a priority.

We’re likely to see more new payment and withdrawal methods added in the future, but for the moment the three we’ve looked at are making it easier for people to move their money in and out of their casino accounts without any fuss or delays.