Online casinos withdrawal methods typically need to match with your deposit option. However, this is not always possible. For example, MasterCard does not serve as a withdrawal option in most countries. If you choose a deposit method that does not function as a withdrawal method, you have to choose an alternative method to receive your winnings. Copy the new address and give it to the online gambling site that you are withdrawing from. Once your Blockchain account has received the cash out, you can hold onto it for a while, deposit it at another site, or send it to Coinbase and move it over to your bank account.
When you sign up at a new casino, you probably have a list of things to look out for right? How can you fund your casino account, what bonuses can you pick up for signing up, what games are on offer etc.
As these are all immediate, and exciting, things it’s only natural that these are the features we pay the most attention to. However, this does mean that players often overlook features that they won’t be using until a later date, predominately, how can you cash out and retrieve your winnings?
Withdrawing at a casino can often be one of the most stressful parts of the whole casino experience as some casinos make it very difficult for players to get their hands on their winnings! However, this shouldn’t be the case and there are plenty of great casinos around which do offer speedy and straight-forward withdrawals.
In this guide, we’ll discuss the following:
- How you can make a withdrawal at an online casino
- All the major payment methods that you can use to do so
- What to do if anything goes wrong
- BONUS: we’ll also be looking at why it’s important to cash out regularly, and how this can impact your gambling success.
How To Make a Casino Withdrawal: A Step by Step Guide
At most reputable casinos, withdrawing is a pretty easy affair. It usually takes a matter of seconds and can be done by simply vising the casino using whichever device you’ve chosen to play on, be that via desktop, tablet or mobile.
However, withdrawals for new players or at a new casino can often feel a little daunting. Luckily, most casinos operate in the same way and so you can simply follow these four steps to get you started:
- Log in to your casino account and visit your ‘casino wallet’ or banking page.
- Select a payment method.
- Click the withdrawal option and input how much money you want to take out of your account.
- Click confirm to make sure the withdrawal request has been made successfully.
That’s it! We told you withdrawing at a casino would be a walk in the park! However, whilst requesting a withdrawal may be easy, there are plenty of other factors you should consider before deciding to cash out.
What Withdrawal Method Should I Use?
When you make a withdrawal at an online casino, you will generally have to make it via the same method you deposited with. This is due to anti-money laundering regulations, although there are some exceptions to this rule e.g. if you originally deposited via a method which doesn’t accept withdrawals.
With that in mind, when you choose a certain depositing method at a casino you should consider how withdrawals are processed via that method too. The popularity of the online gaming industry means that there are now more payment solutions for online casino players than ever before, yet each comes with its own advantages and disadvantages. You should weigh these up to decide which method is best for you.
How Long Do Withdrawals At Online Casinos Take?
As you may have noticed from the table above, it can take a different amount of time to receive your withdraw depending on which withdrawal method you’ve chose. All withdrawal requests are subject to a withdrawal processing time.
This is the time in which it takes for the casino to receive your withdrawal request and accept it. This changes from site to site, but most decent online casinos will process withdrawals within a 24-48 hour period.
After this, withdrawals can be quicker or slower depending on which method you’ve used. Below you can see the average total time a withdrawal will take via some of the most popular methods:
| Neteller | 1 – 2 working days |
| Skrill | 1 – 2 working days |
| PayPal | 1 – 2 working days |
| Credit/Debit Card | 2 – 5 working days |
| Bank Transfer | 2 – 5 working days |
| Cheque | 5 – 10 working days |
Why Can’t I Withdraw?
If you’ve found that you’ve requested a withdrawal but it’s not been accepted, this could be due to a number of factors. Before you go ahead and contact the casino’s customer service department, it’s useful to check whether any of these things could be restricting your ability to cash out:
Wagering Requirements
If you’ve taken advantage of a casino bonus or won casino funds via a promotion, then your withdrawal could be being rejected because you haven’t cleared wagering requirements.
Wagering requirements are generally expressed as a multiple (e.g 20x) and signify the amount of times you need to wager bonus cash before you can withdraw it. These requirements prevent players from simply picking up bonuses and then withdrawing the cash and vary from casino to casino. Check your casino’s terms and conditions for specific details.
Withdrawal Limits
Every casino will impose withdrawal limits on their players. These are the minimum or maximum amounts of cash you can withdraw from your casino account within a selected period.
Therefore, if you’re struggling to withdraw it could be that you’ve reached your limit. Withdrawal limits also vary from casino to casino, and from payment method to payment method so it’s always wise to check your casino’s terms and conditions.
Alternatively, your withdrawal could be rejected if you’ve requested an amount under the minimum withdrawal limit. Casinos often require players to only make withdrawals above a certain amount (usually around £20), so that they don’t have to process hundreds of smaller payments.
Security Checks
All UK companies, including online casinos, must adhere to ‘Know Your Customer’ laws, which were designed to prevent money laundering. This means that a casino may be required to obtain identification from you before you they can process your withdrawal request.
In some circumstances, you may also be asked for proof of address such as a utility bill. In general, you’re more likely to be asked to verify your identity if you’re withdrawing via a different method to the one you deposited with.
You’ve been spinning the slot machines and hitting some big wins. Now you want to receive your profit straight to your bank account. How do you withdraw your money the easiest and fastest way? In this article we will give you a rundown of all the methods you can use to get your money, and everything you need to know about them.
My Coinbase Account
To get started you need to locate the “withdrawal” section of the casino you are playing at. Once you’re there you should see a list of withdrawal alternatives to choose from. Here is a list of all the withdrawal methods and how to use them:
Bank transfers and card withdrawal (1-3 bank days)
Withdraw Cash From Coinbase
The most common withdrawal method is good old fashioned bank transfer. If you choose this option, a web page will open where you insert your bank details such as bank account number, IBAN and BIC/Swift. Which details that are required varies from casino to casino, but generally one or more of these three are sufficient.
Alternatively, at some casinos, you can withdraw straight to the card you used to deposit with. At these casinos, you can often choose your credit card from a list and just insert a couple of details and your money is straight on its way. Note that this option is often only available if you previously deposited with the card, so if you used bank transfer or an e-wallet as your deposit method, credit card withdrawal may not be available for you. This option is only available for VISA cards, not Mastercards.
It is completely safe to withdraw using bank transfer and card transfer, and you can expect the money to land in your bank account within 1 to 3 days. Some casinos even offer instant bank withdrawals through Trustly.
E-wallets (instant)
The other popular withdrawal option are e-wallets such as Neteller and Skrill. If you have an account at an e-wallet site you can get your money straight to it. Once you have chosen your preferred e-wallet on the withdrawal page, you simply enter your e-wallet account’s email address and your money will be transferred directly to it. Note that e-wallet withdrawals are often only available if you have used it for depositing previously.
Once the money has arrived in your e-wallet account, you can easily send it to your bank account, or keep the money there. Both Neteller and Skrill offers the possibility to connect a Mastercard to your account so that you can use it in stores or ATMs (Note that there’s usually a €5 fee for ATM withdrawals)
Tips and things to be aware of
If you are new to online casino gaming, there are some things you should know about to make the withdrawal process faster. Getting your money shouldn’t be a hassle, so this is how to withdraw money from an online casino the fastest and smoothest way.
* Process times:
Before the money are being sent from the casino to your bank account or e-wallet, the casino has to manually process your withdrawal. How long this takes depends on a ton of factors such as the work capacity of the casino, the volume of the withdrawals in their queue, and if your account is verified or not (you can read more about this subject further down). It can take anything between 5 minutes and 48 hours before your withdrawal has been processed, but most professional and big casinos process all withdrawals within a couple of hours at maximum. If you are getting impatient, contacting the casino’s customer support can sometimes speed up the withdrawal time.
* Same withdrawal method as the deposit:
Most casinos have a rule that states that you can only withdraw using the same method as your last deposit was made with. This means that you can’t withdraw to your bank account if your last deposit was made using Skrill. The reason for this is to prevent money laundering and fraud.
* Playing with a bonus:
If you play using a casino bonus, you must complete its wager requirement before withdrawing the bonus money. If you are playing with a bonus that lets you withdraw your real money balance while still having an active bonus, all bonus funds will be forfeited if you choose to do so.
* Account verification:
The online casinos are legally required to check their customer’s details, so you might be requested to send in some documents before they process your withdrawal.
Documents to send in:
- Scanned copy of your passport or ID.
- Utility bill (usually phone bill or electricity bill) that proves you live at the address you registered with.
- Depending on what payment method you used to deposit funds into your casino account you will be asked for either a bank statement, copy of your credit card, or print screen from your E-wallet to prove that the cards/e-wallet belongs to you.
Sending these details to verified casinos is completely safe, and the casinos do not share this information with anyone. You are also allowed to hide certain sensitive information, such as your CVC code on your credit card etc, when sending in your documents to the casino.
As a general rule it’s recommended that you verify your account as soon as you’ve created your casino account, in order to avoid any issues when trying to withdraw your winnings.
* Fees:
Most casinos do not charge a fee on withdrawals but note that your bank might take a small transfer fee, especially when there is a currency exchange involved. Neteller and Skrill also takes a fee when you transfer from your e-wallet account to your bank account and they give you quite a bad currency exchange rate. It’s therefore recommended to always have the same currency on your casino account as you do on your e-wallet and credit card.