Online Casino With Withdrawal

Posted By admin On 13.06.20
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Whether you are new to real money online casino play or have been online for years now, the truth is that Bitcoin is one of the newest additions to the industry. Bitcoin, which is an online-based currency, affords you the ability to gamble just as you would with other currencies such as the USD or Euro, however the difference lies within how the currency functions and how you make use of it.

Bitcoin was first introduced to the online casino world in 2012, but it has taken a few years for it to really catch on. Now, you will find that most reputable online casinos are beginning to facilitate both withdrawals and deposits via bitcoins. Now that you know bitcoin deposits and withdrawals are a reality, you might want to know a bit more about how they function, how you can utilize them, and why they are preferred over traditional banking methods.

How to Deposit via Bitcoin

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Withdrawal

Before you can ever execute a bitcoin deposit, you must first setup an online bitcoin wallet. If the term “bitcoin wallet” confuses you, all you need to understand is that these wallets exist online in much the same way a bank account or PayPal account does. There are hundreds of different sites where you can acquire a bitcoin wallet and almost all of them are free. What’s more, the most popular wallets are equipped with encryption technology that ensures your personal information and wallet balance are kept private and secure.

Once you have established a bitcoin wallet, the next most logical thing for you to do is to purchase bitcoins. While you can go out on the open market and search for the best deal, the wallet which you are using will more than likely be able to facilitate a purchase of bitcoins. The process of buying bitcoins is similar to buying consumer goods online in that you need to provide some basic financial information such as name, credit card number, and a physical address. To think of it more realistically, however, you are not buying bitcoins as much as you are exchanging US Dollars for another currency, this one being strictly digital.

So now that you have your bitcoin wallet and it is loaded with bitcoins, the next step is to take those bitcoins and load them to your online casino player account. From here on out, the way in which you actually fund your account is a bit different from what you might be accustomed to. As opposed to typing in your credit card information and executing a deposit, you need to provide your bitcoin wallet address, as well as the desired deposit amount, to the casino in question. Once they have your bitcoin address and the amount which you wish to deposit, it will take only a few seconds for the transfer to be executed. After this, you are ready to play your favorite real money games.

Something worth noting is that the value of a single Bitcoin, though variable, is almost always going to be well over $100. For the past few years, in fact, a single bitcoin has been valued at multiple hundreds of US Dollars. If you are a more conservative player and only want to deposit something like $50, you are not out of luck. Fortunately for you, fractions of bitcoins are able to be deposited at a time. Many people see the value of 1 BTC and are scared away because they are not looking to fork over hundreds of dollars at a time. Do not let this be you, because even if you want to purchase and then deposit .1BTC, it is able to be done.

To this end, most reputable online casinos dealing with Bitcoin allow you to play with BTC in terms of USD. So instead of placing .0001BTC bets, you can wager in terms of a currency you understand. Put simply, even though you are technically playing and wagering with bitcoins, the amounts of your wagers and winnings can and will be in US Dollars or whatever currency you are accustomed to using.

Cashing Out with Bitcoins

Now that you have already setup a Bitcoin wallet, the process of cashing out your winnings becomes as streamlined as possible. When it comes time to cash out, all you need to do is select the amount of money you wish to receive and it will be yours in a matter of minutes. Once again, all you have to do is provide the online casino with your bitcoin wallet address, and the transaction will be executed immediately.

Advantages of Using Bitcoins at Online Casinos

One of the biggest advantages to using bitcoins for real money play at online casinos is the amount of fees you will be forced to pay. While other banking methods gouge your wallet or bankroll with fees, most bitcoin transactions do not carry any fee whatsoever. Those that do have a fee often tend to be extremely light and manageable.

Age of gods slot. What’s more, as opposed to receiving your cash out via mailed check, bitcoin withdrawals happen instantaneously such that your desired bitcoin cash-out will be available and in your bitcoin wallet seconds after the withdrawal was executed. No longer do you have to worry about long processing times and/or the slow postal service.

An oft-unsung advantage of utilizing bitcoins at online casinos is the fact that this method keeps your personal information safe. Instead of directly supplying your credit card info, billing address, and all sorts of other information to an online casino, Bitcoin requires that you do no more than supply the address of your wallet, which is and of itself encrypted for added security. If you are at all concerned about the prospect of your information falling into the wrong hands, Bitcoin is what you should be using for all of your online casino banking transactions.

As part of our commitment to provide truly superior service, Caesars Interactive Entertainment New Jersey LLC (the “Company or “we”) will make every effort necessary to ensure that withdrawal requests are processed quickly and efficiently. We utilize industry leading security and encryption technologies available to ensure that transactions and financial information are kept secure.

Withdrawal Process

The withdrawal policy dictates that a player is required to verify his payment method before a withdrawal can be made from his account. This validation process prevents potential online fraud and ensures that funds are returned to the player’s personal account.

Upon entering the withdrawal amount in the cashier, the player will be required to authenticate his user name and verify that he is the account holder. This requires the entry of the player’s user name, password, and unique token number that was sent to the player’s email address. When this process is successfully completed, a confirmation message with a withdrawal reference number will be sent.

At HarrahsCasino.com, the method(s) by which a player may withdraw funds is dependent upon the deposit payment method(s) used by the player in the past, and the amount of those deposit(s). Withdrawal requests will be automatically paid directly to the verified payment method(s) by which a player submitted his original deposit(s) to his HarrahsCasino.com account, up to the “player transaction balance” (defined as “any total sum a player has deposited to his HarrahsCasino.com account , less previous withdrawals and/or refunds to this same payment method”).

However, in instances where a player has used a credit card, debit card or Mazooma to submit his original deposit(s) to his HarrahsCasino.com account, we will be unable to send withdrawals back to those payment methods. We will be able to send the requested withdrawn funds to another payment method of the player’s choosing, which has been previously verified in accordance with this Withdrawal Policy.*

Thereafter, a player may choose the payment method(s) by which he receives his remaining withdrawal balance (subject to verification of such payment method), if available:

  • Bank transfer (ACH);
  • In-person withdrawal at the Caesars Atlantic City cashier’s cage;
  • PayPal;
  • Neteller;or
  • Any other method approved by the Company, subject to NJ gaming regulations.

An example of how this may work in practice is as follows. Assume deposits are made in the following manner:

  1. $100 using a bank transfer from bank account X
  2. $50 using a bank transfer from bank account Y
  3. $200 using a bank transfer from bank account Z

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After engaging in game play, the player then requests a withdrawal of $600 using a bank transfer. The funds will be paid out in the following manner:

  1. $100 to bank account X
  2. $50 to bank account Y
  3. $200 to bank account Z
  4. Remaining funds ($250) to the bank account the player specifies, which has been previously verified in accordance with this Withdrawal Policy

Please note the following important withdrawal information:

  • Multiple withdrawals requested within 24-48 hours via the same payment method may be combined as one payment.
  • Withdrawals will be posted as separate transactions and will not cancel charges resulting from a player’s previous deposit(s) to a HarrahsCasino.com account.
  • If a player has not actively used the chosen withdrawal method to deposit to his account for more than 12 months, that specific withdrawal option may no longer be available.
  • If a withdrawal request is for less than the minimum allowable amount, as per below, the funds will be returned to the player’s bankroll:
    • The minimum bank transfer (ACH) withdrawal amount is $10.
    • The minimum withdrawal via Neteller is $20.
    • There is no minimum withdrawal amount at the Caesars Atlantic City cashier’s cage.
  • We reserve the right to enforce a 24-hour waiting period between cage withdrawal requests, subject to applicable laws and gaming regulations.
  • Player authorization and/or some documentation will be required to process withdrawal requests, and we may ask that the player sign a list of all previous deposits to his HarrahsCasino.com account.
  • Withdrawal method verification must be completed within 14 days or the withdrawal will be reversed and the funds returned to the player’s bankroll.
  • We reserve the right to delay and/or discontinue the processing of a player’s withdrawal requests until final verification has been received for any outstanding deposits which such player has made.
  • A player may withdraw bonus funds or winnings from such funds, only after all applicable bonus and promotion policy requirements have been met.
  • We do not charge a fee for any withdrawal method; however, the player’s bank or payment processor may levy a fee to process the withdrawal, for which the player is responsible.
  • If a player used a credit or debit card to deposit, any remaining balance in the account up to the amount of the deposit will be refunded to the card used, provided that the card issuer permits the return of withdrawn funds from HarrahsCasino.com to the card.
  • We reserve the right to delay or cease the processing of a player’s withdrawal request, until final approval has been received for any outstanding deposit transactions.

* Due to regulations imposed on, or policies adopted by Mazooma and some issuers of credit cards and debit cards, the Company does not pay withdrawals to credit cards, debit cards and Mazooma accounts.

Verification Documents

In some cases, depending on the deposit method used to fund the account, the player may be asked for one or more of the below documents, or additional documents not included in the list below, in order to process the withdrawal. We reserve the right to request that all documents be certified and/or notarized should it be deemed necessary to prove the legitimacy of the submitted documents.

  • Credit/debit cards: A copy of the front and back of the credit/debit card(s) used to fund the account. Ensure that all details are clearly legible to enable prompt and accurate verification. For security purposes, block out the middle eight numbers on the front of the card copy and the three-digit security code on the back of the card copy.

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  • Proof of bank account number (ACH): A copy of a bank statement or voided check with name and account number clearly visible.
  • Neteller: An Account Reference Letter which the player can download in pdf form directly from Neteller.com (USA only).
  • Proof of address: A recent document showing the player’s full name and address as registered on his HarrahsCasino.com account. This may be submitted in the form of a utility bill or a credit card statement. If the document provided is a credit card statement, please block out the eight middle numbers of the credit card.
  • Photo ID: A copy of a valid government issued passport, driver’s license, or state non-driver ID card. Ensure that the name, photograph, and signature are clearly visible on the document.

Processing and Reversing Withdrawals

A withdrawal request may be reversed by a player within up to 2 business days following such request. Thereafter, the withdrawal will be processed by us and may no longer be reversed. The timeframe for such withdrawn funds to be received by the player will be dependent on the withdrawal method selected.

Where account verification is required for completing a player’s withdrawal request, we will return any pending withdrawals to such player’s bankroll until we have completed the verification of the players account. If the player’s withdrawal remains in a pending status and is not returned to the players bankroll immediately, the player will have 7 days to complete the account verification before the player’s withdrawal is reversed and returned to his bankroll.

Online Casino Withdrawal Policy

To reverse a requested withdrawal, a player must: (i) login to his HarrahsCasino.com account using his username and password; (ii) go to the Cashier and select “Withdrawal”, where a list of pending withdrawal requests will appear in the “Awaiting Process” box; and (iii) select any unprocessed withdrawal request by clicking on it, and then selecting “Reverse Withdrawal”. The withdrawal request will be reversed and the funds promptly returned to the player’s HarrahsCasino.com bankroll.

In the event that a player cancels a withdrawal request, such player will bear full responsibility for any subsequent wager of such sum. We shall have no obligation to refund a player any amounts which have been cancelled by him/her and subsequently wagered.

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NOTE: Withdrawals requested and subsequently reversed will not qualify as deposits for the purposes of promotions or bonuses that require a player deposit.

For assistance withdrawing funds please click here to contact us.

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Last updated on November 07, 2017