Online gambling has enjoyed a huge surge in popularity over the past few years, with operators benefiting hugely from advancements in technology.
There are a vast array of casino games available, with the experience often mirroring what can be found in the video game industry.
There are also numerous payment methods available, with dozens of different options ensuring every player can securely fund their account.
Debit/credit cards have been the most popular payment method in recent times, with Visa and Mastercard the two most well-known providers.
Debit cards deduct funds directly from a payee’s bank account, while credit cards allow users to make a purchase ‘on credit’. The service provider pays the merchant and payment is made by the card holder at a later date.
Most credit cards charge fees and interest for their use and this can be an expensive way to gamble.
Read on for our top two alternative ways to fund your online casino account.
Bitcoin first came to prominence back in 2009. It uses decentralised technology for storing money and secure online payments that doesn’t require banks or people’s names.
Use of Bitcoin at online casino sites has grown massively in recent times, with many online gambling operators now accepting this payment method.
The system operates on a public ledger called blockchain which holds a record of all transactions that is accessible by all users of the network.
Users generate blocks on the network to create bitcoins which are created cryptographically by harnessing users’ computer power. These are then added to the blockchain, letting users earn by keeping the network running.
Established exchange services like Bitstamp or Kraken allow you to purchase bitcoins, charging a commission that is much smaller than those applied to e-Wallets.
Depositing money into your casino account requires the transaction to be confirmed by the blockchain, but this usually takes less than an hour.
An e-Wallet is an electronic purse which allows you to make online payments by using an email attached to your account without divulging your personal details.
Neteller and Skrill are amongst the most popular options, and many of the leading gambling operators encourage players to use this method to fund their casino accounts because it is fast, secure and easy to use.
An e-Wallet acts as a buffer between your bank and your casino account, giving players an additional level of security.
Money is sent from your bank account to your e-Wallet, and can then be used to fund your online purchases.
Using an e-Wallet can also help people manage their finances better, as they give players the option to set aside a specific bankroll for their gambling activities.