A few years ago, many operators could not pay out winnings to users before a few days had passed. The withdrawal was a long and tiring process for the players. Today, due to the development of technology, the process of transporting money online happens much faster. The player can win the jackpot on the slot and immediately have funds available on the payment system account.
But not all options are in the category of the fastest payment methods. Cryptocurrencies with Blockchain technology are provided by fast withdrawal online casinos, which also stand out in terms of security. Using an instant withdrawal casino that offers cryptocurrencies as a payment system frees players from long waits. Within a few minutes, the money will be in the hands of the casino service user.
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Cryptocurrencies at fast withdrawal online casinos
Cryptocurrencies are digital currencies that are quite different from other payment forms. The first cryptocurrency that appeared on the world market in 2009 was Bitcoin. Then came Ethereum, Litecoin,
Dogecoin, and others. All the listed cryptocurrencies have something in common. They enable anonymous transactions on casino platforms. Your private data remains undisclosed and cannot be compromised by unauthorized access. Also, using Bitcoin and other cryptocurrencies, users of gambling services can make quick deposit transactions.
But, this is not so surprising considering that other methods like e-wallets also provide instant deposits. What sets cryptocurrencies apart are certainly the fastest payout online casino transactions that no other payment method can boast of. You may wonder what enables such fast payouts at gambling sites that offer cryptocurrencies?
Blockchain technology is what distinguishes instant withdrawal casinos, which are also safe and reliable. Below you can find out more about Blockchain and check how it affects the acceleration of withdrawal transactions.
Blockchain technology enables safe and fast casino transactions
Blockchain technology stands behind Bitcoin and other popular cryptocurrencies. Its main task is to ensure a high level of data encryption that is exchanged between operators and players. Every transaction that a user of a gambling site requests remains written in a block of code that never changes. The decentralized blockchain network is responsible for verifying the given transactions. In this way, user data remains protected and inaccessible to hackers who want to download or change it.
Also, Blockchain enables funds to be transported directly from one crypto wallet to another, or from a casino to a crypto wallet without the need for an intermediary. The lack of an intermediary or a third party like a bank is what distinguishes the best online casino fast payout platforms. Given that the transfer of digital money is made directly from the server (casino) to the user, the speed of the transaction is achieved.
Withdrawal procedure from the fastest payout online casino
If you have previously deposited using cryptocurrencies, it is logical that you have created a crypto wallet. However, if you used an e-wallet or a credit/debit card to top up your account and now you want to withdraw with Bitcoin or others, you must do the following. Visit a trusted exchange like Binance and create an account. Wait for the verification via email and then buy the desired currency. Advances in technology have led to the development of mobile wallets that can be equipped with 2FA authentication. Your funds remain protected by a fingerprint or a 12–24-digit code that you must enter before each balance check.
In case you already have a crypto wallet, proceed as follows:
· Visit the best online casino instant withdrawal site
· Go to the withdrawal section and then select a cryptocurrency
· Copy the crypto wallet address into the displayed field and enter the amount
· Confirm the whole process
· Wait for funds to be transferred from your fast withdrawal online casino account to the crypto wallet
We emphasize that cryptocurrency transactions are irreversible. So if you requested payment from the instant withdrawal casino, you will not be able to cancel it. Also, you should know that cryptocurrency
payments are not only fast but also free. Your chosen operator will not charge you additional costs for the withdrawal transaction.
Classification of payout transaction speed
Most players do not know that transactions do not happen in seconds, even though they are presented as automatic. Usually, all fast transactions are called instant. But this is not accurate. In the following list, we have presented the exact classification of crypto transactions concerning the speed with which they take place:
· payment processing that lasts within 10 minutes is considered immediate
· the payment, which takes between 10 and a maximum of 30 minutes, is almost instantaneous
· under 1 hour withdrawal casino is called a fast operator for withdrawing winnings
If the withdrawal depended only on blockchain technology, each transaction would be instantaneous. But it happens that some operators delay the payment process, forcing players to wait longer. The reasons for procrastination can be different. Some gambling sites have too many withdrawal requests and cannot process them all in 1 day.
Also, some operators do KIC checks to verify the transaction you requested. So, users must wait for their winnings for up to 24 hours or more. If we look at payments by other methods like credit/debit cards, this is not terrible either. For withdrawal by credit/debit cards, you would have to wait 5 working days. So the crypto gambling site is, even with KIC checks, still the fastest withdrawal online casino and has no competition.