Gambling is one of the most popular pastimes amongst American adults. In fact, a recent study revealed that around half of US residents who could legally gamble did so at least once during a twelve-month period.
One of the biggest contributors to the ever-expanding popularity of casino gaming is the advent of online casinos. These sites not only bring the glitz and glamour of traditional casinos to the players’ home, but also come with a whole cohort of additional benefits for users.
This being said, there is one particularly frustrating thing about playing at online casinos, and this is the large transaction fees players often face when trying to withdraw their winnings. In this guide, we’ll explore the main ways you can avoid, or at least significantly lower, these fees.
Using Crypto Casinos
Cryptocurrency and gambling go hand in hand for countless reasons. Not only do these sites allow players to make an additional bet on the volatility of crypto itself, but they also come with a myriad of additional security and financial benefits.
One of these benefits comes from the instant transaction speeds that these sites often have, and the significantly reduced fees that are demanded of players in order to make these transactions. This is clearest when we look at the most popular form of cryptocurrency, Bitcoin. Any decent list of BTC casino sites will proudly advertise the quick transaction speeds and the low fees that the incorporation of crypto enables them to offer, alongside numerous bonuses and benefits for both new and seasoned players.
Using Cash to Code Casinos
A highly effective way to completely avoid any transaction fees when depositing money into an online casino is by focusing on cash-to-code establishments. To engage with these casinos, you must first purchase a voucher using cash. This voucher will then give you a code which you can put into an online casino website for the value that you bought the voucher This completely avoids you needing to pay any transaction fees when depositing at online casinos.
Withdraw All in One Go
One of the most effective ways to avoid unnecessary transaction fees in online casinos actually comes down to the player. Gamblers can often be tempted to withdraw their winnings all in one go when they receive them, but this isn’t always the smartest thing to do, especially if they want to avoid paying unnecessary fees.
Instead, it is a much better idea to consolidate your winnings and only withdraw when you have earned a substantial enough amount to make it worthwhile. This will greatly reduce the amount of money you have to part with when faced with transaction fees. You just need to make sure that you know the casino’s withdrawal limit, and perhaps search for a casino with a higher limit than its contemporaries.
Keep an Eye Out For Free Withdrawals
On the other hand, some casinos will allow you to withdraw winnings for free as long as they are under a certain amount. Some also offer free withdrawals as a form of promotion for new gamblers. In order to reduce your fees, make sure to keep an eye out for these deals and utilize them when they come up, as doing so can save you a decent amount of money over time.
Stick to Casinos in Your Own Currency
If you are not using crypto, then it’s a good idea to only use online casinos that operate using your own currency. Even if other offshore casinos offer free deposits, you’ll be expected to pay a conversion fee if you wager with funds that do not match what the casino accepts.
Conclusion
Online casino transaction fees can be a major source of frustration for gamblers, but there are ways to navigate them and greatly reduce the amount you’ll be expected to pay. Using a universal payment method like cryptocurrency can almost eliminate transaction fees altogether while also ensuring that you get paid fast and can continue gaming without interruption. On the other hand, cash-to-code casinos are a very effective way of avoiding deposit fees, and it’s always a good idea to look at the specific incentives an online casino offers in case these involve reduced fees.
