How Long Do Crypto Withdrawals in Online Casinos Take?
Rumor has it that crypto withdrawals in online casinos are instant. Blockchain technology has taken the world of online gambling by storm. If you have ever researched bitcoin casinos before, you would probably find a bunch of affirmative articles stating benefits of using crypto operator’s services are immense.
Bitcoin casinos are trendy now. But it wasn’t always like that. Back in the day, when landline telephones were a thing, there was a lot of stigma around crypto. Though the mystery behind Satoshi Nakamoto was exciting for some, others raised their eyebrows at the very mention of bitcoin or blockchain.
Despite the attempts to smirch its reputation, blockchain technology (and its derivatives) found its way into various industries. When it became clear blockchain is our future, the online casino industry embraced digital coins and everything that comes with it. Today, you can find dozens or even hundreds of bitcoin virtual casinos.
Blockchain technology caused tectonic shifts in the online gambling sector. Even the most reputable casino industry’s watchdog portals changed course and started paying more attention to crypto venues. As a result, you can find numerous bitcoin casinos listed on websites like onlinecasinocrawler.com. In this article, we’ll focus on crypto cashouts and their benefits.
What is a Bitcoin Casino?
Online casinos that accept bitcoin are no different than traditional virtual venues. Still, some players are unfamiliar with the whole concept. As a result, you’ll often encounter questions like:
- How can I deposit at bitcoin casinos?
- Do bitcoin casinos have wagering requirements?
- Do crypto casinos offer bonuses?
- How long do crypto withdrawals in online casinos take?
Let’s start by saying these questions are perfectly normal. Popular as they are, crypto casinos are still unknown to the majority of players. This is why we’re here to remove all your doubts and answer the most critical questions concerning bitcoin casinos.
Deposits in Crypto Casinos
Most players have already gotten used to the same routine when depositing money into their accounts. Most commonly, the deposit comes right after registration. The sign-up process is straightforward in most online casinos nowadays. The same goes for funding your gambling accounts.
Most venues tend to display their Deposit buttons clearly. If you intend to put some cash into your account, all you’re required to do is click the Deposit and choose your desired payment method. Then, you’re supposed to share your card details and confirm the transaction. Typically, it takes around a couple of hours for the money to reflect on your account.
Bitcoin casinos provide you with an entirely different experience. Instead of sharing banking information, players need to put in their crypto wallet address or scan QR code to deposit with bitcoin operators. After you enter all the necessary details, choose the amount you wish to deposit, and you’re ready to play.
Wagering Requirements in Bitcoin Casinos
Like with regular casinos, before you attempt to make any crypto withdrawals in online casinos, you must meet all conditions. Wagering requirements represent the number of times one must play through their bonus credit or free spins before heading out to the cashier. These conditions are a standard way of casinos protecting themselves from players looking to exploit reward systems.
Are There Bonuses in Bitcoin Casinos
As we mentioned earlier, crypto casinos behave the same as their regular counterparts. The only difference is the accepted currencies. Like all standard venues, crypto casinos rely on the same marketing model to attract new players. Thus, you’ll find many similarities between these casinos’ bonus models. As a result, you can expect to receive:
- Welcome bonuses
- Free spins
- No deposit bonuses
- Cashbacks and more.
Also, crypto casinos are relatively new. Bitcoin venues are still fighting their way to the top. Consequently, don’t be surprised if you find more quality bonuses in virtual bitcoin operators.
How to Withdraw Cash From Bitcoin Casinos
Gambling platforms differ between operators in terms of interface, user experience, and design. Still, when it comes to withdrawals, all follow the same procedure. Assuming you’ve fulfilled all playthrough conditions, you can collect your winnings in a few simple steps:
- Log in to your gambling account
- Locate and click on the Cashier button
- Select option Withdrawal
- Choose your withdrawal method from the list
- Type in the desired amount
- Verify your account
- Transfer winnings to your e-wallet
The procedure of taking your money back to your wallet is straightforward and takes no less than a few minutes, regardless of the casino.
How Long Do Crypto Withdrawals in Online Casinos Take?
When speaking about cashing out, most advocates of crypto casinos will point out the withdrawal speed as the main benefit of such venues. When using standard banking methods like credit or debit cards, pending times can vary between operators. Most commonly, you’ll have to wait for between 3-5 business days until your money is reflected in your bank account.
In some casinos, on the other hand, this procedure can be much longer. Especially if you’re using a bank wire transfer. Transferring funds from your gambling account directly to your bank can take more than a week. This is the biggest downside of gambling at regular virtual casino venues.
The withdrawal processes in crypto casinos are more straightforward. The cashout time can vary between the chosen currency. However, it’ll take no more than a couple of minutes. In some casinos, you can take your winnings instantly. Here are expected arrival times depending on the currency:
- Bitcoin: 10-20 minutes
- Ethereum: 2 minutes
- Litecoin: 10 minutes
- Tether: 2 minutes
- Dogecoin: 6-50 minutes
- XRP: 3 minutes
Note that these processing times are only estimates of how long crypto withdrawals in online casinos could take. Once again, withdrawal times may differ between casinos. Moreover, there are several other factors that can affect withdrawal speed, like block times and the number of required confirmations. Also, as opposed to regular venues, crypto operators require no fees and/or additional operational costs, which is yet another benefit of playing at bitcoin casinos.
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