There have never been so many options for online gaming as there are today. With the huge expansion of the market, especially in times of corona, there are plenty of opportunities to explore sports betting or casino games / casino online and live.
In order to keep pace with market demand and give the public the best experience, betting sites like KTO have begun to offer different ways to deposit and withdraw money from games or sports games. Check out the most important ones below!
Payment methods on online gaming platforms and casinos
In order to bet on their team or play the fun slot machine, players must deposit money. Many games only allow you to relax with free demo versions, but some people love to invest money and get the chance to explore profitability. Since transactions are part of every player’s routine, it’s important to understand what the most important accepted payment systems are and which is the most recommended to use.
PIX
We start our selection of the best payment methods for betting by talking about the market’s new darling: PIX. The immediate payment method, which was launched in 2020, has won the public interest and has significantly reduced the number of banking transactions. Thanks to this popularity, it is no wonder that online casinos “compete against the clock” to implement it. On such platforms, PIX is used to deposit / withdraw money directly. And best of all: without paying any fees. The most important advantages are speed, safety and economy. In addition, it is of course a reliable payment system that is authorized and regulated by the central bank.
However, it is necessary to spend this money in cash, without the possibility of partial payment. However, it is important to remember that not all sites still allow you to make deposits / withdrawals in real time, much less to use PIX. Check if the bookmaker you choose is already using this innovative payment method before you even think about using it.
Electronic wallets
Although the use of virtual wallets or e-wallets is still a whole new universe for many users, e-wallets can provide several benefits. The first of these is that payments are processed quickly, as you do not have to wait for hours or days to get the money cleared. Money is sent and received within a few moments, so that the customer is available to play.
The second factor is security, as well-known e-wallets promote secure payments surrounded by encrypted processes. Examples of reliable and widespread electronic systems in casinos and sports books are the following: Skrill, Neteller, Pay4Fun and EcoPayz. As a negative point, the fees must be taken into account. Although the site almost never charges fees for making deposits / withdrawals with e-wallets, you pay percentages for making transactions with the wallet itself. So this is a point that you should include in your analysis!
Credit card
Some people are still the biggest supporters of using credit cards to pay for their online transactions – mainly for convenience. Another great advantage is without a doubt the ability to deposit money directly, without stopping playing or betting. Although credit cards are a very common means of payment, there may be unreasonable fees when you use them on some online gaming sites.
Cryptocurrency
Although crypto-activity is receiving increasing attention, it can not yet be said that it is already useful and that the public trusts it. Despite this, there are already some players who are skilled at using funds such as Bitcoin, Litecoin, Ethereum and Ripple. Cryptocurrencies were included in this selection because they provide many benefits. Among the most relevant are the following points: the speed of transactions, the security of the encryption system offered by the network, anonymity (no need to disclose bank and personal data) and savings on fees.
