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Popular Banking Options Used For Online Gambling

Credit Cards IconWhen you sign up at online USA casinos, sportsbooks, or poker rooms, you can enjoy safe, legal real-money betting from the comfort of your own home. However, that only works if you can get money into and out of your account reliably, easily, and quickly. Fortunately, the best sites in the business all offer several US-friendly online gambling banking options.

The first step is to ensure the site you choose offers financial options that work for your needs. Then, it’s just a matter of funding your account, placing your bets, and withdrawing your winnings. Banking methods run the gamut, from traditional checks and bank wires to credit/debit and cutting-edge cryptocurrencies. But no matter how you manage your bankroll, we show you how to do it safely and efficiently.

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    US Betting Sites With The Best Online Gambling Banking Suites For June, 2024

    Top Rated Sites TrophyWe have reviewed the leading online gambling sites with the best banking methods. Some gambling sites offer a huge variety of U.S. friendly banking options to choose from which makes funding your accounts much easier since you have more options to choose from.

    One thing we feel is important to mention is that the vast majority of online betting sites charge huge fees when you use your credit card. So we always encourage players to use Crypto if at all possible since there are no additional fees.

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    Reviewing The Fastest And Most Secure Ways For USA Players To Fund Their Online Gambling Accounts

    Banking methods graphicAfter you choose a top offshore online casino that caters to US players, the next step is to check our online gambling reviews page to see what funding options are available. Fortunately, all the operators we recommend are low deposit gambling sites, which means it doesn’t take more than about $20 dollars to get started.

    Because membership is free and such a minor investment is required to start winning real money, you can join several sites without spending an arm and a leg, allowing you to see which selection of casino games, sports betting options, and online poker action suits you best.

    Cryptocurrency Gambling Deposits

    Crypto deposits are our favorite and most recommended method of moving funds into and out of your real money gambling sites. All of the best online casinos, top online sportsbooks, and highest-volume online poker sites accept Bitcoin, Bitcoin Cash, Litecoin, and Ethereum as a matter of course. Many sites support additional altcoins, as well. The most common crypto gambling options are:

    • Bitcoin (BTC)
    • Bitcoin Cash (BCH)
    • Bitcoin SV (BSV)
    • Litecoin (LTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Solana (SOL)
    • Ripple (XRP)
    • Stellar (XLM)
    • Dogecoin (DOGE)
    • Chainlink (LINK)
    • USD Coin (USDC)
    • Tether (USDT)
    • Shiba Inu (SHIB)
    • Polygon (MATIC)
    • Avalanche (AVAX)
    • ApeCoin (APE)
    • Binance Coin (BNB)

    There are numerous advantages to using cryptocurrencies for all your USA online gambling needs, and these are discussed in the Bitcoin section below. Each crypto coin works the same general way at sites that support them, though every different crypto has its own built-in blockchain fees and standard transfer times.

    • Fees: No added fees
    • Deposit limits: $10,000-$100,000
    • Transfer times: 10-90 minutes

    Credit/Debit Gambling Deposits

    You can use credit cards and debit cards to make deposits at any reputable betting site operating outside of US jurisdiction. However, these transfers might be slowed by the UIGEA law, making them less than ideal despite their immediate transaction times. The main cards accepted are:

    • Visa
    • Mastercard
    • American Express
    • Discover

    While you're unlikely to experience a hold or rejection very often, US gambling sites that accept Visa – and, to a lesser degree, Mastercard gambling sites and gambling sites that accept American Express/Discover – are susceptible to transaction interference about 5-10% of the time. As long as your transfer isn’t blocked or suspended, these options are fast and convenient.

    • Fees: 3-9%
    • Deposit limits: Up to $3000
    • Transfer times: Instant

    Prepaid Gambling Deposits

    You can use prepaid cards (i.e. secured credit cards and gift cards) to deposit into overseas casinos and other betting sites, and these are much more liable to fully bypass the UIGEA because the money is already credited to your card of choice. The top prepaid options supported by the best Internet gambling venues include:

    • Prepaid Visa
    • Prepaid Mastercard
    • Prepaid American Express
    • Prepaid International Gift Cards

    America-facing gambling sites that accept Visa gift cards are the most common, as Visa tends to dominate the prepaid market. When using a prepaid Visa for online gambling (or a virtual visa card for gambling), you need to make certain that it – or any brand of gift card – is suitable for international purchases. Many gift cards are limited to US-based transactions, which won’t work to move money into your online betting wallet.

    • Fees: 3-9%
    • Deposit limits: Set by bank/available funds
    • Transfer times: Instant

    Traditional Bank Gambling Deposits

    Traditional banking options include all the "old school" ways to move money to and fro. The most common of these are cashier's checks and eChecks, though high rollers often prefer to use bank wires.

    • Bank Wires
    • eChecks
    • Cashier’s Checks

    While these kinds of transfers can also be impeded by the UIGEA banking regulation, they are less prone to interference than credit/debit gambling deposits. However, they have much longer wait times before your account is credited. They also have higher fees than other options.

    • Fees: Flat fee or percentage, varies
    • Deposit limits: $500 to unlimited
    • Transfer times: 3-10 days

    Money Order/Retail Money Transfer Gambling Deposits

    These days, money orders and retail money transfers are less commonly used than other banking methods, but they allow US players to send moderate quantities of money to their overseas gambling sites of choice. These options come with reasonably high fees, but they also have fairly robust deposit limits to mitigate that.

    • Fees: Varies by service provider
    • Deposit limits: Up to $9000
    • Transfer times: 2-3 days

    Person-To-Person Gambling Deposits

    Person-to-Person deposits, or P2P deposits, are third-party money transfer services. While no US-friendly online gambling site can accept P2P app payments or e-Wallet P2P payments directly, some reputable operators have workarounds. Sites that support online gambling vouchers, player transfers, and/or the MatchPay service let members buy and sell account balances among one another using the following platforms:

    • PayPal
    • Venmo
    • Cash App
    • Zelle
    • Square
    • Apple Pay
    • Google Pay
    • Samsung Pay

    While such deposits can sometimes be credited to your account immediately, they are dependent on member demand. To make a deposit in a given amount using P2P, a fellow site member must be looking to withdraw the same amount using P2P at the same time. You can successfully make same-day deposits with these P2P methods 70-90% of the time.

    • Fees: No added fees
    • Deposit limits: Up to $15,000
    • Transfer times: 1-3 days

    Collecting Winnings: Reviewing The Fastest Payout Methods For Online Gambling

    Casino Payouts IconWhichever method of payout you select from your site’s cashier, you'll be faced with a gambling withdrawal timeline that varies from option to option. For avid bettors and gambling enthusiasts, this is one of the chief considerations when collecting winnings. After all, most players want their money ASAP, though there are some players who don’t mind waiting.

    Fortunately, at the best US online gambling sites, there are options for everyone. And if you have any gambling withdrawal problems at all, customer service is there to answer your questions and make you whole, 24/7. The following list includes the most popular ways to claim your online gambling payouts.

    Cryptocurrency Gambling Payouts

    As with deposits, Bitcoin and other crypto currency options are our preferred payout methods. You can actually withdraw in crypto regardless of the method used to make your associated deposit. Each crypto has different native blockchain fees and processing times, but these are not controlled by any US online gambling vendor.

    • Fees: No added fees
    • Withdrawal limits: $100,000+
    • Transfer times: Same day (2-4 hours)

    Bank Wire Gambling Payouts

    Bank wire payouts are the preferred choice for high rollers that don't roll with crypto. Bank wire transfers come with hefty fees when requesting payouts, of course, but they usually pale in comparison to the amounts actually being withdrawn. In other words, if you tend to use bank wires for online gambling, fees aren't going to be a consideration.

    • Fees: Flat fee or percentage, varies
    • Withdrawal limits: $20,000+
    • Transfer times: 5-10 days

    Courier Check Gambling Payouts

    Courier checks are one of the most common ways to withdraw, and for those using any deposit method other than crypto, these are the gold standard. Most top betting sites allow customers one free check payout per 90 days or so, so be sure to take advantage of this to avoid any fees.

    • Fees: Up to $100 per check
    • Withdrawal limits: Up to $3000
    • Transfer times: 2-5 days

    Person-To-Person Gambling Payouts

    Person-to-person services can be used to handle payouts from international gaming operators, but these must be done in a roundabout way as with P2P betting deposits. Additionally, as with P2P deposits, P2P withdrawals only work at sites that support online betting vouchers, player transfers, and/or the third-party MatchPay service. If your site supports these, you can claim your winnings via PayPal, Venmo, Cash App, etc. Payout times vary based on member demand.

    • Fees: Varies by service provider
    • Withdrawal limits: Up to $500
    • Transfer times: 1-3 days

    Online Gambling Payment Methods For International Players

    Online gambling payment processing tends to be easier for international players compared to USA gamblers. This is true for both deposits and withdrawals, as there are no equivalent laws to America’s meddlesome UIGEA in most countries.

    In addition to all the options listed above (with the exception of Venmo and Zelle, which are US only), you’ll have access to the following banking services:

    • PayPal
    • Cash App (US + UK only)
    • Neteller
    • Skrill
    • Interac (Canada only)
    • Paysafecard
    • Credit/debit chargebacks
    • ACH transfers

    Deposits for international gamblers take about as long to process as they do for US players. PayPal, Cash App, Neteller, Skrill, and Interac payments all transfer immediately, but otherwise, wait times will be in the several-day range.

    Betting withdrawal times are similarly lengthy for anything but Bitcoin/crypto payouts. If you claim your winnings via PayPal, Cash App, Neteller, or Skrill, you can expect a 2-3 day wait. Card chargebacks take a similar amount of time, and ACH transfers can take up to a week or more.

    Crypto Gambling In The United States

    Bitcoin gambling chipsFor legitimate USA gambling sites, instant withdrawal has often been a challenge. In the early days of the industry, pesky mandates like the UIGEA law made it difficult for players to receive their winnings in a timely manner.

    However, with the advent of Bitcoin (BTC) and other crypto currencies, the UIGEA regulation has effectively been obviated. Naturally, not everyone uses crypto, but Bitcoin gambling sites – that is, sites that support Bitcoin and other cryptocurrency banking options – are now the norm.

    If you’re just getting started with online gambling, crypto is the financial option we recommend above all others.

    Benefits of Bitcoin + Crypto

    • Immediate deposits with 100% success rate
    • Biggest casino and sportsbook bonuses
    • Low minimum and high maximum transfer limits
    • No added transfer fees for deposits or withdrawals
    • Secure blockchain technology is quantum-hacking resistant
    • Increased user anonymity and privacy
    • Only same-day payout method at all US online gambling sites

    In addition to Bitcoin, most online US legal sportsbooks, casinos, and poker rooms also accept other cryptocurrencies (aka altcoins). These come with the same perks as BTC, but some users prefer altcoins due to their differing associated costs, transfer times, and investment potentials.

    So, if you’re looking for Litecoin gambling sites, Ethereum gambling sites, Ripple gambling sites, Bitcoin Cash gambling sites, and so on, you’ll find them on this page. And remember: To get the above benefits of crypto – including same-day withdrawals with no added fees – you are no longer required to first deposit in crypto! This is especially useful if you're a Bitcoin or Ethereum user and want to try out a new crypto coin (i.e. Cardano, Solana, etc.) without going through the big exchanges.

    How Does Zelle Work For Online Gambling?

    Bitcoin gambling casinos, sportsbooks, and poker rooms are the best in the industry. However, you can’t enjoy the benefits of crypto if you don’t have any to spend, and buying BTC/altcoins can be a major hassle at the most prominent exchanges. For example, at Coinbase Pro, Binance US, and other exchanges, crypto often takes up to 10 days to be credited to your account and/or be eligible for off-platform sending.

    While US casino players may not mind the wait, if you’re looking to bet on tonight’s game or join this weekend’s six-figure online poker tournament, that's a non-starter. Fortunately, you can use Zelle to purchase Bitcoin in just minutes instead of days. If you have a US bank account, chances are you already have access to Zelle, as this instant-pay product is supported by most American financial institutions.

    Using Zelle, you can send money straight from your bank account to a private BTC seller, and you’ll have your Bitcoin in about half an hour. Then, you can deposit at your legal online casinos, sportsbooks, or poker rooms of choice using BTC, taking advantage of all the perks that the best Bitcoin gambling sites have to offer. Just remember that Zelle only works with Bitcoin, as you can't yet use Zelle to buy other cryptos.

    Note: If you don't wish to use the Zelle-to-BTC option, there are now other quick ways to buy crypto that don't leave you waiting for days before you can gamble online. You can buy Bitcoin with Cash App and make immediately online betting deposits, you can purchase a selection of crypto coins using the Coinify service, and you can even buy all popular gambling crypto coins via the Atomic Wallet app's built-in store.

    Claiming Deposit Bonuses For Online Gambling

    Bonus Bags IconThe best gambling sign-up bonuses are available when you use Bitcoin or any other accepted cryptocurrency, but no matter how you choose to deposit into your betting account, you can get valuable bankroll boosts.

    These are often market specific, however, so the bonus you choose should be aligned with the kind of gaming in which you plan to most frequently participate. You may prefer a sportsbook bonus, a casino gambling promotion, or an online poker bonus. These each have different terms and conditions, which are very basically outlined below.

    In most cases, you won’t even need to enter online gambling promo codes, as these perks are offered as soon as you deposit. Accepting a bonus is totally optional, and it’s as easy as clicking or tapping on the offer you like. And remember, depositing with Bitcoin or altcoins will always give you higher bonus limits.

    • Online Casino Bonus – Online casino promotions are deposit match bonuses that boost your account by a given percentage of your deposit. These can be welcome bonuses or reload bonuses, and they can add several thousand dollars to your betting balance. Casino bonuses come with playthrough requirements of 20-50X, so please check your site’s terms and conditions. Some sites offer free online gambling bonus options, though these are usually seasonal and come with higher rollover limits than typical casino bonuses.
    • Online Sportsbook Bonus – Online sports betting bonuses work the same way as online casino bonuses, but they only apply to sports wagering. In other words, you can’t meet the terms of a sportsbook promo by playing in your site’s casino section (and vice versa). Sports betting rollover is lower than casino playthrough, as well. Usually, the best online sportsbook bonuses have 5-15X rollover requirements and are perfect for even the most casual bettors.
    • Online Poker Bonus – Online poker promos are the best online gambling bonus offers going. This is because they have no rollover or playthrough requirements of any kind! Instead, you usually have a time limit of 30 days or so, during which you can unlock the bonus in small increments as you play poker hands and enter various online poker tournaments. Most poker bonus cash is disbursed in increments of $5 to $10.
    • Online Racebook Bonus – Some sites allow sportsbook bonuses to apply to horse racing betting, while others do not. However, all legal US online racebooks have horse racing rebates that refund 3-9% of all your horse bets, whether you win or lose. Different races have different refunds attached, so please check the terms and conditions of each event.

    FAQ's Related To Funding Your Online Gambling Account

    Yes! In fact, this is what the UIGEA law purports to do, though it does so on an unreliable, automated basis. If you use credit or debit cards to deposit into your betting account, the transfer might be flagged by the UIGEA’s systems in about 5-10 percent of cases.

    If this happens, don’t worry – your card has not been cancelled or suspended. You can wait a few minutes and try again, choose a different card, or try a different payment option.

    Bitcoin (and other cryptocurrency) is ideal because no online gambling payment processors – i.e. banks – are involved in the private transaction, giving it a 100% success rate.

    Yes. When you use a regulated form of currency to deposit into your online gambling account or make withdrawals via the same, these will show up on your bank statement.

    Online casinos, sportsbooks, and US legal online poker sites may not explicitly include “gambling” or “betting” on these statements, but they will have some identifying characteristics for those who know what to look for.

    If you wish to avoid this, cryptocurrencies like Bitcoin, Ethereum, Litecoin, Cardano, Solana, etc. should be used for all online gambling transactions.

    Yes, you can. To do this, you will have to contact your card issuer and instruct them on which service providers to blacklist. However, it is much, much easier to simply block access to these sites on your phone, tablet, or computer.

    That said, for those suffering from gambling addiction, having your credit/debit card company block casinos, sportsbooks, and poker rooms is the way to go. Most sites also offer self-exclusion services, which you can initiate by contacting your gambling venue's customer support team.

    Yes, you can. That said, you must first meet the terms of your bonus before you’ll be eligible to receive any payouts. Bonus playthrough/rollover is easy to understand, and as long as you do, you should have no problems whatsoever.

    Free bets are different than bonuses. Online gambling sites with no-deposit bonuses give players “free chips” with which to try out their games, usually worth between $25-$50. However, these come with much higher rollover requirements (100X or so), and you must meet all playthrough terms to withdraw any associated winnings.

    These days, online casino no-deposit bonuses and online sportsbook no-deposit bonuses are difficult to find, as the most reputable sites have all generally moved to more player-friendly betting promos.

    There really isn’t one. Most reputable BTC wallets and crypto wallets – like Atomic, Electrum, Guarda, Exodus, Bread Wallet, SoFi, and so on – are software based, allowing you to transfer Bitcoin and other crypto coins quickly. Hardware wallets (such as Trezor and Ledger devices) are more secure, but they are more difficult to use for immediate transactions, as they require extra steps.

    While most crypto wallets support numerous different cryptocurrencies, some crypto coins need their own dedicated wallets.

    All of the sites featured on this page make withdrawing your winnings from your online gambling fund quick and easy. Crypto is the best, fastest method, and every reputable operator supports several excellent options.

    However, even transactions that take longer – like courier checks and money orders – are just as simple to initiate.

    Long ago, online gamblers would use gambling payout calculators and betting bankroll calculators to see how much money they could withdraw and how much cash they stood to win on any given wager.

    Today, the top sites all have these functions built into their portals, so you don’t need any separate standalone apps or programs to assist you. Just check your bankroll and betting slips, and all this information is at your fingertips.

    Gambling withdrawal is a serious condition that can plague users who are suffering from gambling addiction. Withdrawal makes betting a hard habit to kick, and if you feel like gambling is no longer entertaining and is an actual compulsion, you should seek immediate help from the National Council on Problem Gambling or an advocacy group like 1-800-GAMBLER.