Since online casinos are so well-liked, players are looking for novel ways to cash out their gains. How do you go about doing it?
How to Cash Out Online
There are a few various methods you can withdraw your winnings from an online casino provided you are of legal gambling age in India and have played there. The first step is to determine whether the casino provides Indian players with withdrawal options; not all do. After you’ve confirmed that, the following step is to choose a withdrawal mode.
The two most popular options are bank transfers and e-wallets like Neteller or Skrill. The money will typically appear in your account within a few hours if you use an e-wallet to receive your prizes. Bank transfers can take some time, although typically only one or two days.
And that’s it! Withdrawing your winnings from an online casino game real money in India is a relatively simple process, as long as you choose a safe and reputable casino site.
Safe Methods for Withdrawing Money from Indian Online Casinos
The first thing you should do is make sure the casino you’re playing at has a valid license and is under the supervision of a reliable agency. By doing this, you can be confident that your wins are protected and that no one is taking advantage of your efforts to make money.
Finding a method of cashing out that works for you comes next once you’ve located a trustworthy and decent casino. E-wallets are without a doubt the most popular option offered to gamers in India. With e-wallets, you may save your earnings in a virtual account that you can use whenever you want to make purchases or withdrawals. There are several possibilities, however Skrill and Neteller are the two most used e-wallets in India.
Another popular option for cashing out from online betting sites in india is through bank transfers. This is usually the quickest and easiest way to get your hands on your winnings, but it’s worth noting that some banks may charge fees for this service. It’s always good checking with your bank earlier to making a transfer, just to be on the safe side.
Finally, if you’re looking for the absolute safest way to cash out from an online casino in India, you can always opt for a check by courier service. This involves having a physical check posted to your address, which you can then use to withdraw your winnings from the casino. This is usually the most expensive option, but if you’re worried about security or if you don’t want to risk having your winnings lost in transit, it’s definitely worth considering.
Tips and Tricks for Cashing Out Online in India
Cashing out from an online casino instant withdraw can be a bit tricky, but if you follow these tips and tricks, you should be able to do it without any problems.
1. Make sure you have all the essential documents. When you take out money from an online casino, they will usually ask for some form of identification. Id’s like passport or driving licence. So be ready before you try to cash out.
2. Choose the right method. There are some specific ways to cash out from online casino real money. The trending methods are through e-wallets like Skrill and Neteller, or through bank transfers. Select the option that is perfect for your style and that you feel comfortable with.
3. Follow the instructions. Once you’ve chosen your withdrawal method, read the instructions on how to do it correctly. If you’re not certain, contact customer care for help.
4. Be patient. Withdrawals can sometimes take a few days to process, so don’t expect to see the money in your account immediately. Just be patient and it will eventually arrive.
How to Buy Bitcoin in 4 Steps
1. Choose a Crypto Exchange
To buy Bitcoin or any cryptocurrency, you’ll need a crypto exchange where buyers and sellers meet to exchange dollars for coins.
There are hundreds of exchanges out there, but as a beginner, you’ll want to opt for one that balances ease of use with low fees and high security. Be sure to check out our top picks for best crypto exchanges, like Unocoin, WazirX, ZebPay, and CoinDCX if you don’t already have an exchange in mind.
You can transfer your cryptocurrency from one exchange to the other. For example, if you need to move your bitcoin from your WazirX wallet to another crypto exchange, you need to go through the procedure of withdrawing your bitcoins from your WazirX account. Get the deposit address from the crypto exchange you want to transfer your cryptocurrency. Once you have the deposit address ready, you are set to transfer your funds.
2. Decide on a Payment Option
After choosing an exchange, you have to fund your account before you can begin investing in Bitcoin. Depending on the exchange, you can fund your account through bank transfers, net banking, Mobikwik, a cryptocurrency wallet or UPI.
Keep in mind, though, that platforms may charge higher transaction fees for certain funding options. For example, CoinDCX doesn’t charge a fee if you use UPI and bank transfers. However, it charges 0.5% on net banking and 1% charges above INR 2,000 via Mobikwik wallet. On the other hand, WazirX charges INR 23.6 (including all taxes) via net banking or it requires you to top up your Mobikwik wallet using UPI or bank transfer before transferring the funds. Credit cards are not supported for wallet transfer and charges depend on the getaway you use.
Because fees reduce how much money you can invest (and therefore also how much money you have to grow and compound), it tends to make sense to use electronic transfers from a bank account rather than other methods.
3. Place an Order
Once your account is funded, you can place your first order to buy Bitcoin. Depending on the platform you’re using, you may be able to purchase it by tapping a button, or you may have to enter Bitcoin’s ticker symbol (BTC). You’ll then have to input the amount you want to invest.
When the transaction is complete, you will own a portion of a Bitcoin. That’s because it requires a large upfront investment to buy a single Bitcoin now. If Bitcoin’s current price was $38,000, for example, you’d need to invest that much to buy a Bitcoin. If you invested less, say $1,000, you’d get a percentage, in this case 0.026%, of a Bitcoin.
4. Select a Safe Storage Option
The crypto exchange you use probably has an integrated Bitcoin wallet or at least a preferred partner where you can safely hold your Bitcoin. Some people, however, do not feel comfortable leaving their crypto connected to the internet, where it may be more easily stolen by hackers.
Crypto exchanges are storing the majority of customer assets in offline so-called cold storage. If you want ultimate security, you can store your Bitcoin in an online or offline Bitcoin wallet of your own choosing. But keep in mind that if you move crypto off of an exchange, you may have to pay a small withdrawal fee. In addition, if you use a third-party crypto wallet custodian, you may also be permanently unable to access your coins if you lose the private key that serves as your wallet password. This has locked some Bitcoin millionaires out of their fortunes.
Conclusion
When it comes to cashing out from online casino with free bonuses, there are a few safe methods that you can use. We commend using e-wallets like PayPal or Skrill, as they are fast and stress-free to use. You can also use bank transfer, although this may take a little longer for the funds to show up in your account. Whichever mode you pick, make certain that you check with the casino first to see if they support it.
