Table of contents

1. How Do You Pay For Online Gambling
2. How Do You Get Paid From Online Gambling

Paysafecard gives you online payment flexibility by allowing you to pay and receive money using a 16-digit paysafecard PIN number. If you have funds available in a paysafecard account, you can. Unlike a land-based casino where gamblers can go to the ATM and get money with which to gamble, online gamblers need a direct way for them to fund their accounts virtually. That’s why online gambling.

How to withdraw bitcoins from online casinos?

When you set out to gamble, you expect to make wins. It is the essence of it all. It then follows that you need to not only think of how to withdraw the money but also how the online casino you choose to play on facilitates the process.

These considerations apply nowhere else more than to gaming websites that accepts bets and make payouts in bitcoins such as BetChain.com, Bitcasino.io, and BitStarz.com.

We assume that you have already read our the page titled How to deposit bitcoins to an Online Gambling Site, where we explain the steps you need to take to deposit bitcoins into an online casino. If you have not, now is the time to do it.

Any fair gambling website should ideally provide easy and straightforward cash in and out processes. In withdrawals, this is both in making the funds available to you and having a friendly user interface. Indeed, as an online gambler who uses Bitcoin, you should know that picking a casino based on user experience and reputation is a key to seamless withdrawals.

It is not unlikely for you to place a bet and win fairly only to fail to cash out either because the house opts not to facilitate the process or simply disregards your win. And house dishonesty does not happen only with online casinos that do not use the Provably Fair (a technology that empowers the player to proof that the house does or does not manipulate a game). In particular, new and little-known gambling sites are likely to refuse to approve a payout even where the win is indisputable.

Do you really need to withdraw bitcoins?

How Do You Pay For Online Gambling

When it comes to withdrawing bitcoins from an online casino, you also have to make critical decisions on whether you will withdraw, how you will do it and how long it will take (should you wait?)

Whether you need to withdraw the funds at all
depends hugely on your personal preferences.

If you are an avid gambler, you may need always to have funds ready for wagering.

Thus in the case whereby your wins are not substantial, and you want to make higher bets in your next gambling, it would be your choice that you do not to withdraw at all. Indeed, by keeping the bitcoin winnings and bonuses in your casino wallet, you will cut down the cost of gambling (even though they are low with bitcoins).

This is because you will not be re-depositing the same bitcoins you withdrew to continue playing.

However, you shouldn’t rush into withdrawing your bitcoins immediately, especially if you’re planning to convert or exchange them for a fiat currency.

Make sure you have all the information, as it may be worth waiting a little bit – Bitcoin functions just like any other product on the market, so its price may increase and decrease regularly, depending on many variable and the overall situation; the differences in the value can be truly significant and, very often, they can occur in the short periods of time.

So unless you are in a really tight spot, it’s probably better to wait.

The length of the process of withdrawal will also depend on your chosen method. For example, some converters can take days to convert your bitcoins into the desired fiat currency. What’s more, many of them will charge a fee, so before you decide to do anything, make sure you know all the necessary details.

Moreover, leaving your winnings and bonuses lying in your casino account for a future wagering makes convenience sense. Nevertheless, at the end, even when you follow the above strategy, you will have to withdraw your bitcoins winnings. That is unless you lose the whole amount to the house.

To initiate the process of getting some or all the bitcoins that are under your name in the casino, you will go to your account and find a section known as the ‘Cashier’. It is the sections that keeps all the records of your deposits and win balances. Enter the amount you need, or all that you can get, and click on the Withdraw button.

At this juncture, you will need to be ready with the wallet to which you want the bitcoins to go. The wallet could be a cloud Coinbase or Blockchain.info or their app versions. Indeed, you are free to use any bitcoin wallet of your liking. They all perform the same tasks even when their functionalities and level of security differ.

The ‘Cashier’ of the gambling site will prompt you to enter the public address of your wallet either as an alphanumeric character string or scan its QR code. The latter you will do using a device camera. The former is done through the manual cut and paste. After confirming that you want to proceed with the transaction and hitting withdraw, the bitcoins will appear in your wallet in a matter of minutes. Just like with depositing, the cost of withdrawal is negligible. Only a small miners’ fee is deductible.

Spend wins as bitcoins or convert them into your currency

The process is complete and you don’t have to do anything else if you are planning to spend the money as Bitcoin – they simply come back to your wallet, usually within minutes. However, if you want exchange your bitcoins and get your money in Dollar, Euro, Sterling Pound or any other fiat currency, then you need to do more. And you may need to turn your strategic thinking skills on.

Just like you needed to buy bitcoins before you even started playing, you can now sell them in exactly the same way, or rather withdraw and then convert into your chosen fiat currency (the process and possibilities will depend on your chosen Bitcoin casino or convertor, so never neglect reading about the services you choose to use).

But it may be more beneficial to withdraw bitcoins and then exchange them through a cryptocurrency exchange website. As we have already mentioned before, make sure you know the current value of Bitcoin, because it may turn out that you can earn more by simply waiting a little bit.

All you need to do is simply go to a converter or cryptocurrency exchange website (e.g., https://www.xe.com/ or https://cex.io/), set up an account, and start exchanging. Make sure to read all the details concerning the fees and other costs of money transfers.

In most cases, these websites work just like any other currency exchange bureau, only online, so you need to send the bitcoins you want to exchange and provide all the details needed for a successful transfer. Depending on the website, you may have several options to exchange or trade your bitcoins, so be sure to get familiar with all the possibilities in order to choose the best one.

However, converting bitcoins to fiat currency is becoming less necessary each day with more merchants choosing to accept bitcoins.

Online stores such as Overstock and Rakuten are always more than ready to accept your bitcoins for goods they ship. Even Microsoft will let you pay for their digital products with bitcoins. Not to talk of buying an air ticket and booking a hotel room through travel agencies such as Expedia.

Within your neighbourhood, you will have to check sites such as Bitcoin Map to find businesses that accept the cryptocurrency. And if you live in a major town and city, the likelihood that there is a restaurant, bar or grocery store accepting Bitcoin, and other digital currencies are very high now than ever before.

However, if your location and other conditions will not allow you to spend the Bitcoins you have, you still do not have to worry. There are several ways you can convert them into the type of money that is acceptable in the places you shop.

For example, you could sell them to friends and relatives who need them. However, if this does not give, you have Localbitcoins.com, where you find willing buyers within your town or city. In the event that you do not find acceptable deals there too, sign up to a Bitcoin exchange such as Coinbase or Bitstamp. They buy and sell bitcoins and reigning daily rates.

How Do You Get Paid From Online Gambling

Using a Bitcoin exchange might take a day or two to complete the conversion (depending on the exchange and your banker). Nevertheless, in the end the money will show up in your bank account in the fiat currency of your choice. While the above description of withdrawal is for bitcoins, it also applies to any other cryptocurrency that is used for gambling online, commonly referred to as altcoins (alternative cryptocoins).

A question often asked by people new to online gambling is do online casinos pay? The answer, of course, is yes, the online casinos do pay real money, but unfortunately it's not as simple. When it comes to online gambling and particularly online casinos, finding the right one is the real difference between getting paid and not getting your money. Thanks to the Internet and its vastness, it's very easy for criminals to open a fake online casino and use it as a way to steal personal information or simply employ bad practices and don't pay the winnings of their customers. But if you play at the right online casino, you will get paid real money and that is true.

How do we go about finding online casinos that do pay, one may ask. It's rather simple - just visit our guide to the best online casinos and pick any of those listed and you will be able to join one of the most trusted gambling websites, i.e. online casinos that pay real money, pay them on time and without any shenanigans. The reliance on guides like ours has become an essential part of the process of finding good online casino by players new to the whole online gambling thing. Naturally if you will be joining an online casino for the first time you will be quite unaware of which are the good casinos and which are those that must be avoided if you want to get paid your winnings. And over the years our guide to honest online casinos has become one of the most popular destinations for both new and experienced online gamblers. Why would you spend the long days required in order to find an answer to a simple question such as 'which online casinos pay', when we have already done the list for you and maintain it daily? You've got that right!

And, yes, internet casinos do pay real money to the players, again, we are talking about the online casinos listed on our cream-of-the-crop guide. Those are reliable and reputable internet casinos which will send you a real check in the mail if you are one of the thousands of lucky winners from all over the world. In its essence, the internet casinos are no different from the local gambling halls - your winnings will be paid and will be paid in real money. We do understand why people would ask 'do online casinos pay' and if so, do they pay real money. If you've never gambled online before it's only natural to be concerned, especially when you will be the one depositing real money to play some of your favorite casino games. But again, if joining any of the online casinos listed on our website your money will be in safe hands and when you win - the online casino will pay. For more basic information on the online casino gambling, read our articles, some of which are listed below.

Published on 02/10/2010

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