Cryptocurrencies are considered a relatively new payment method, and not everyone has adapted to using them yet. Playing in this format is not as complicated as it may seem at first glance. With crypto casino instant withdrawal, you can cash out without risks and additional fees. Today, we will explain this process in more detail.
The main advantage of using cryptocurrencies is their high transaction processing speed. However, when using digital currency to withdraw funds, it is essential to carefully study the exchange rates, as fluctuations can lead to unexpected changes in the value of your winnings.
Withdrawal of winnings step-by-step:
- Open your profile in the casino.
- Go to the section where you can access your wallet.
- Choose the “Withdrawal” section.
- From all available options, select the digital currency you intend to withdraw.
- Specify the amount and wallet address.
- Confirm your account or wallet address if required.
Once the operator confirms the transaction, your winnings will be credited to you. As you can see, withdrawing from an online casino is straightforward.
How long does cryptocurrency withdrawal take?
Online casinos vary in the speed of fund withdrawals. Some sites offer almost instant withdrawals, while others may take several hours. However, using traditional bank transfers, for example, may require waiting for 3-5 business days before the funds are credited. With cryptocurrencies, transactions receive necessary confirmations on the blockchain in just a few minutes.
Different cryptocurrencies also have varying block times and required confirmations, which directly affect the time it takes from the moment the coins leave the casino to the deposit in your wallet. Depending on the chosen cryptocurrency, the processing time can range from a few seconds to 50 minutes.
Unlike deposits, cryptocurrency withdrawals from casinos usually do not incur any fees for the players. However, if developers want to save costs, the platform may apply a minimal charge. In this case, the transaction may have a lower priority, meaning the expected time of receipt will increase. This is especially true for Ethereum, USDT, and sometimes Bitcoin.
Security recommendations and risk reduction:
- Double-check the wallet address to avoid input errors.
- Use reputable exchanges with a good reputation.
- Never share your account’s password and login details with third parties.
- Keep your information in a secure place and use two-factor authentication to protect your profile.
- Before withdrawing funds, check the fees and withdrawal limits on the specific exchange.
- If you have any doubts or questions, contact support.
Why might fund withdrawals be delayed?
Sometimes, even reputable casinos may delay fund withdrawals. The main reasons for this are:
Wagering requirements
If you are playing with a bonus, there is a high chance that you haven’t fulfilled the wagering requirements. Check the “Bonus” tab in your account to see if you have any rewards. For example, you may need to place bets amounting to x40 of your deposit. You can find the wagering requirements in the bonus terms. Many casinos impose wagering requirements on the deposit itself to prevent money laundering. Often, the casino will ask you to wager the deposit several times before making a withdrawal request.
Withdrawal limits
Most casinos apply limits on fund withdrawals. The platform may restrict withdrawals to 200 LTC per week and 500 LTC per month. This is done to protect themselves from insolvency if someone wins a large jackpot. Regular customers are usually offered increased withdrawal limits.
Account verification
Cryptocurrencies provide a high degree of anonymity, and they do not require verification by default. However, crypto casinos must adhere to Anti-Money Laundering (AML) and Know Your Customer (KYC) rules. One of the main advantages of crypto gaming is that payment methods do not need verification. Casinos consider crypto wallets as verified by default, so you only need to submit your passport and a receipt.
