Everyone's a priority while gambling is to make cool money, but the fact is you will always want to cash out your money whenever you make good wins. How do you go about that? It's simple and this article will walk you through the process.
Online casino withdrawal is as straightforward as making real money deposits. However, it can be a little bit tricky for gamblers who are new to the online gambling realm. So, for such a reason, we've prepared this complete cash-out guide to teach gamblers how to easily make real money withdrawals of your online casino winnings without any hassle.
As stated earlier, online casino withdrawals are as straightforward as making real money deposits, and the guide below explains the process of executing the operation.
It's as simple as that. You don't need any technical knowledge when withdrawing money online from casinos.
Truth be told, the time taken for withdrawal to be processed at online casinos is not specific as it usually varies depending on the payment method you're using. Although withdrawal via crypto is instant, not all online casinos support cryptocurrency. So, if you're using a payment method that's not crypto-related, you might have to wait 2-3 days or above.
You might ask ‘Why does it take so much time to make a Withdrawal at online casinos? Well, this is because online casinos will have to process not just your request, but lots of other withdrawal requests from various people using the same payment method as you. Also, the transaction processing time varies from one payment method to another, and that's why withdrawal via some payment methods takes longer than others.
The table below explains more about how long it might take to process Withdrawal at online casinos depending on whether you're using your bank account, credit/debit card, or eWallet.
|Withdrawal Method||Withdrawal processing time|
|Bank Transfers||3 – 7 business working days|
|Credit/Debit cards||3-5 business working days|
|E-wallets||1-3 business working days|
All online casinos always have restrictions to regulate how players cash out their wins, and this varies from casino to casino. It's always advisable to read these restrictions on the terms & conditions page of the online casino site you're looking to use before you start gambling there.
That being said, below is a heads up on common withdrawal restrictions at online casino websites.
All online casinos always have wagering requirements attached to bonus offers on their website. Although this usually varies depending on the online casino you use, most online casino wagering requirements are usually 30x. For example, if you get a 100% welcome bonus free spins of up to $100 and you receive the bonus money, you must wager a total of $3,000 (30 x 100) to be able to withdraw the bonus fund from the casino website. However, if you're playing through deposits, the wagering requirement will increase to $6000 which is (100 + 100) x 30.
Online casinos always have a withdrawal limit on how a gambler can cash out from their wins within a given period – this usually varies depending on whether you're a VIP member of the casino website or not. The VIP members stand the chance to enjoy increased withdrawal limits.
Just as online casinos have a withdrawal limit, they also fix time limits on how much a gambler can cash out within a given period. It could be daily, weekly, or monthly.
There are also limits on the amount gamblers can withdraw in a single transaction when playing at online casino websites. While some online casinos would allow players to cash out huge amounts after hitting a big jackpot, others don't. Plus, there are certain limits to how much the payment methods supported on the casino website would be able to receive – you can read about this in the payment method section of the online casino website you're using.
Reputable online casinos always make the safety of their gamblers a priority, and they do this by executing thorough security checks on both new and existing gamblers. Online casinos make sure they verify users' details including age, address, etc. Plus, they make sure the payment methods provided by players are owned by them.
You'll be asked for different credentials like proof of your identity (ID card, Drivers license, or passport), proof of address (utility bill), and payment method information. You'll be asked to snap the front and back of your credit/debit card if that's the payment method you intend to use.
Note: The information you provide at online casinos is always protected by the latest encryption and will not be shared with any third-party website, so you can always rest assured that your information is 100% safe and secured. All you just need to do is to make sure the Canadian online casino you're looking to play at is not only reputable in the online gambling industry, but also licensed by a reliable gambling commission. You can check out the top online casinos mentioned on this page to start your online gambling journey.