With the rise of cryptocurrency, more gamblers are getting comfortable with creating online wallets called e-wallets to manage their money at online casinos. Using an e-wallet can be a struggle for people unfamiliar with cryptocurrency or online banking apps like Venmo, but their convenience outweighs the learning curve for most online gamblers.
What is an E-Wallet?
If the term is what’s confusing you, just picture an online bank that helps you move money quickly and anonymously. E-wallets are a third party option for managing money that is better for online gambling than your bank.
Best E-Wallets for Online Casinos
Let’s do a quick run through of some e-wallets that gamblers are using now, and the benefits of each individual e-wallet.
Paypal E-Wallet
You probably already have a Paypal account, which makes this one easy to use. Paypall has your information setup, Paypall has no monthly fee, and in comparison to many other online casino e-wallets, they are faster and have lower fees. Currently, there are only 8 US casinos accepting Paypal e-wallets, compared to the over 100 with Skrill.
WebMoney E-Wallet
This is one of the best choices if you’re an international traveler. E-wallets have different deposits and use restrictions depending on where you’re at on Earth, but the WebMoney system makes international deposits easy. If you’re looking at using a VPN to gamble online, and you’d like a confidential e-wallet that protects your identity and location while accepting international deposits, this is the right choice.
Skill E-Wallet
Though there is a bit of a learning curve with Skrill, it’s my favorite. It’s very secure, but also has fraud protection alerts that make it act more like a credit card than the average e-wallet. Skrill has options for crypto and fiat currency, and makes switching and trading between them easy. They have pro accounts, which will add other services like increased identity protection. One of the more expensive options, but easily the superior choice to WebMoney.
Speedy transactions straight from your iPhone 📱 ⚡
Add your Virtual or Physical Skrill Prepaid Mastercard® to your Apple wallet to make contactless transactions around the world.
Tap the link to add your card to Apple Pay® today 👉 https://t.co/q5SJYq2RAP pic.twitter.com/DnZmWWHnu6
— Skrill (@skrill) September 17, 2022
Other E-Wallets
Online gambling with e-wallets has dozens if not hundreds of options popping up. Start with one of these basic e-wallets to get a feel for how they work, then go scrolling for the next best thing.
Benefits of Using E-Wallets at Online Casinos
Why not just use your current banking app to make deposits to online casinos? If you’re using cash you’re missing out on some interesting advantages using an e-wallet.
E-Wallets Offer Online Gambling Cryptocurrency-like Advantages
Hard Wallets for crypto make deposits fast and cheap. E-wallets can now do the same for fiat currency. If you’re using an approved e-wallet, your favorite online gambling site may make deposits cheaper and withdrawals faster. As e-wallets become more advanced, fiat money will look more like crypto at an online casino.
E-Wallets Can Be Anonymous
You don’t want people knowing how much you’re spending, how much you’re winning, or really anything about your identity at online gambling sites. E-wallets are a way to protect your identity for online predators, as well as protecting your bankroll.
E-Wallets Can Trade Between Crypto and Cash Easily
If you’re not into crypto, we completely understand. However, what if you had an option to trade your cash for crypto with ease, and then gain the crypto depositing bonuses at online websites? Skrill and other online gambling e-wallets have that advantage.
You’ll be able to make quick trades specifically for the purposes of gambling deposits, and then take your winnings in crypto to the wallet to trade back to cash.
All faster than traditional banking online gambling deposits take to hit your account.
Getting Started with E-Wallets and Online Casinos
First, sign up for an e-wallet you’re interested in to make a deposit. It will be nearly instantaneous and often comes with a signup bonus. You’ll follow that by clicking the link to one of your local online casinos below. You’ll use your new e-wallet information to create an account at the online casino. Then enjoy instant transfers and even payout bonuses. It’s simple, and the only thing in the way is the barrier of signing up.
