January 13, 2021

Different Online Payment Methods

With today’s technology, there are a lot of payment methods available. You just need to choose the one you are comfortable with. One of the advantages of using online payment or cryptocurrency is that you do not have to visit the nearest bank to deposit funds.

Even though there are millions of bettors around the world, there are still questions about how it works. Thanks to technology, everything seems possible. Here are the most common payment methods:

E-Wallet

You will never go wrong with using an e-wallet. In fact, it became more popular these past few years. This is because you can easily send, receive, and make purchases with just a simple click. However, its services are usually expensive and prone to attacks. At Bitcasino, some of the accepted e-wallet services are ecoPayz, Trust Wallet, STICPAY, Jeton, AstroPay, and many more.

Credit Card

There is no doubt that a credit card is a shopper’s best friend. All you need to do is to pay your monthly dues and use it every time you shop. However, the only downside is that you are not using your own money. Using a credit card simply means that you are taking out a loan. But if you know how to use a credit card correctly, you will definitely have a fun time using it to add funds to your gaming account.

Debit Card

It is closely similar to a credit card. You just need to provide your banking details to add funds to your account. Since it is under a financial institution, multiple transactions might get your account flagged.

Cryptocurrency

Although the use of crypto is relatively new in the market, it is one of the most-used payment methods of most bettors. This is because of its low transaction fees and decentralized blockchain. This simply means that the government or banking institutions cannot control any of your transactions.

You also do not need to pay expensive transaction fees because the money is directly sent to the receiver and does not involve any third-party. The best thing about using crypto is its fast transaction services.

Although your transaction is recorded on its public ledger called blockchain, your information is hidden. What’s interesting is that some crypto transactions are almost untraceable. The accepted cryptocurrencies at Bitcasino are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Tether (USDT), and Tron (TRX).

Compared to using traditional currencies, online transactions are much easier and convenient. You can also immediately track your transactions without having to request a statement of account over-the-counter. Nevertheless, choosing the payment method depends on your gaming strategy. No matter how fun it is, responsible gambling should still be observed.

PayPal

PayPal is one of the most used payment methods around the world. It is also the most preferred method by several online vendors and buyers. It acts like an e-wallet which you can use as a third-party payment service.

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