Understanding Fast Withdrawal Times and How They Affect the Player

Most fans of online casinos consider the withdrawal process speed to be one of the most significant selling points of any casino app or site. This might be of minimal importance to some, but once you understand how a fast withdrawal time affects your playing so much differently than a slow withdrawal time, it will become very clear why this is such a treasured aspect.

Faster withdrawals help you enjoy victory more

Arguably, the best thing about opting for an online casino with fast withdrawal times is that you can receive your money while still feeling the boost of a win or even a jackpot.

One of the downsides of using an online casino over a land-based casino is that you cannot receive your money instantly after you win. When using a physical slot machine or playing at a real poker table, you can receive your quarters or exchange your chips for cash whenever you want. However, when using an online casino, you are always at the mercy of the withdrawal times.

While many online casinos claim to offer fast payouts, delays are still common, especially during peak times or first-time withdrawals. That’s why choosing a platform that guarantees under 1-hour withdrawals can make all the difference. BetKiwi features a selection of expert-reviewed online casinos known for their fast withdrawal processes, ensuring you can enjoy your winnings as quickly as possible, and in some cases, even instantly.

Fast withdrawals enhance your overall experience and help you maintain that winning momentum. They remind you that, just like in a land-based casino, getting paid promptly is an essential part of the thrill without the frustration of waiting.

Do different payment methods have different withdrawal times?

The number of payment methods available largely determines the range of withdrawal times. Each payment method has its withdrawal period, so an online casino’s payout speed is directly tied to the number of payment options.

On average, withdrawal can take three to five business days. The payment options associated with this speed are major credit or debit cards and a few e-wallets, such as American Express, Mastercard and Neosurf.

Faster withdrawal speeds that take one or two business days are often associated with e-wallets such as PayPal, Neteller and Skrill.

The fastest possible withdrawal times are practically instant, if not just a few minutes, and are typically associated with cryptocurrencies. Though not all online casinos offer crypto as a deposit or withdrawal method, the number of casinos accepting it has been increasing lately due to the growing demand. The most common cryptocurrencies you can expect to find at an online casino are Bitcoin, Bitcoin Lite, Ethereum and Tether.

How to spot online casinos with fast withdrawal times

Luckily, it is very easy to find out if online casinos have fast withdrawal times because they will flat out tell you, if you know where to look. Many online casino sites or apps will have a payment options page or a frequently asked questions page that will outline how long you can expect the average transaction to take per payment method.

Another important thing is to always use a properly regulated and licensed online casino. Licensed casinos are the only trustworthy ones that abide by the law, care about security and privacy, and conduct business in good faith.

Licensed casinos also care about verifying your identity so that they feel confident that they are abiding by anti-money laundering regulations. Casinos often require you to confirm that you are who you are. Doing this early in the registration process will help make any future transactions you make faster and smoother.

Though not all online casinos that require no verification are unsafe, the risk is generally considered too high to handle, especially when dealing with large sums of money.

Other factors related to online casino withdrawal times

Though the basics have all been covered, there are a few extra things to remember connected to payout speeds. Anyone who plans on using an online casino for an extended period will eventually encounter these mechanics at some point or another.

With withdrawal times usually come withdrawal limits. Most online casinos have them, and they limit how much money you can withdraw at any given time.

Withdrawal limits most commonly come in daily, weekly or monthly limits. This means you cannot exceed the limit during the designated period. For example, some online casinos will place a daily withdrawal limit at $2,500, a weekly withdrawal limit at $10,000 and a monthly limit at $25,000. If you wanted to take out an extra $25,000 from this casino, you would have to wait until the next month, in addition to any applicable payout speed.

You will also want to select an online casino that only partners with reputable software providers, which are the companies that make the games you play at online casinos. The most trustworthy providers and developers are known for creating games without glitches, including transactional bugs. If you want to earn money from a game and have it withdrawn promptly, you are advised only to play games made by the best-reviewed companies.

Lastly, even though there is no way to speed up the withdrawal process, there are ways to prepare for any unforeseen delays that will add time to the process. If your withdrawal is put on hold, delayed or runs into any issue, you will want to be at an online casino with fast response times regarding customer service.

Getting in touch with someone within minutes or hours is much better for fixing any weird delays than waiting 48 or 72 hours for a response via email. Try to select an online casino with signs of great customer service or support, which can be discovered by looking at user reviews and determining how many channels or contact options they make available. Access to 24/7 email, chat room and social media support is ideal.