The deposit and withdrawal methods available at online casinos have come a long way since these sites first rose to popularity in the 1980s.Reputable casinos now offer a variety of options to suit the needs of any player, anywhere in the world.Here’s an overview of how online casino deposits have changed over the years and what you can expect from quality internet casinos like JackpotCity – which offers over 40 different payment and withdrawal channels – these days.Payment via cheque was one of the first methods utilised by Internet sites like casinos.Just like land-based stores, however, few online casinos still accept cheques as forms of payment today – the risk of fraud is simply too great.Luckily, if you do like to keep it old school, JackpotCity is one of the few sites that continues to accept cheques.By contrast, credit and debit cards continue to be staples for online transactions.While using your Visa, MasterCard or Maestro card may be convenient; there are risks involved if you do not play at a reputable casino.

Also, many casinos only accept credit cards, which not everyone has.With the advent of online banking over the past decade or so, electronic funds transfers (EFTs) directly from players’ bank accounts to the casino have become an immensely popular option.This is a really effortless process and many companies now exist that provide one-time-password-based software to enable more secure and instant transfers.More recently, companies like PayPal and Neteller have begun offering e-wallet services by which players deposit money into an e-wallet, out of which funds are then transferred to the casino.This is an especially safe method as it creates a buffer between payer and payee.It also eliminates the need for a credit card.Pre-paid cards like Paysafecard operate on a similar principle, except that deposits are made at land-based kiosks and a password is generated for each transaction.This is an even more private option as hardly any personal details and no banking information need be disclosed.

Players on mobile devices such as smartphones or tablets now even have the convenient option of making their deposits via mobile.By this method, invoices are billed to players’ telephone accounts.Cryptocurrency is essentially digital money that uses computer cryptography to secure transactions.bitcoin horror storiesBitcoin is the most popular of these as it is freeware so players don’t have to pay a percentage to a service provider for processing transactions.alexandria bitcoinFor those with an ear to the ground in the tech world, the word "Bitcoin" will be one that rings a familiar bell.ethereum pool softwareFirst created in 2009, Bitcoin is an online currency that's created, valued and spent in the virtual world.Although it's possible to pay for physical goods using the cryptocurrency, Bitcoin doesn't have a physical form like a pound coin or dollar bill.bitcoin pending confirmations

Through a complex process of mathematical problem solving and virtual verification methods, Bitcoin has been hailed as the "future" of global currency and iGaming is now part of this revolution.Although Bitcoin betting sites have been popping up in online casino markets around the world recently, NetBet is the first operator with a UK license to offer a cryptocurrency service.bitcoin de0Announced in mid-October, NetBet's new payment option will allow customers to fund their accounts using Bitcoin with the help of Bitpay.Naturally, when you make a historic move and become the first ever UK-licensed online casino to offer a Bitcoin payment option, the question on most people's lips will be: is it safe?ethereum real world applicationsSceptical souls are often quick to question the validity of a payment option, but Bitcoin has one thing on its side: blockchain technology.In a nutshell, the blockchain is an ever-growing database of information that's secured from revisions or tampering.bitcoin donation club

When a Bitcoin is created, it's added to the blockchain and through a process of timestamping and linking back to the previous blocks, each Bitcoin is kept secure.Indeed, every time someone sends a Bitcoin to someone else, a network of computers will verify and log it in the blockchain.This basically means that everything is traceable and, therefore, secure.In fact, such is the power of the blockchain that major banks are now starting to utilise the technology to make their own processes more secure.bitcoin arrest australiaSo, if blockchain is good enough for the likes of Barclays, then it's good enough for NetBet Casino.In an announcement on its website, NetBet announced that its Bitcoin deposit option will be available to all real money customers and offer a new level of security:"In addition to the transaction speed, using Bitcoin will reduce the risk of fraudulent activity and players will be able to preserve their anonymity, considering just an email address is required to process a Bitcoin payment."NetBet'sbitcoin mining rig kaufen

decision to include Bitcoin payment options comes just two months after the UK Gambling Commission (UKGC) gave its seal of approval to the digital currency.Updating Licence condition 5.1.1, the UKGC added digital currencies, such as Bitcoin, to its list of cash equivalents, which currently includes banker's draft, cheques and debit/credit cards.Although Bitcoin now has the backing of multiple organisations, non-tech savvy players may still have some reservations when it comes to testing out the latest deposit option.To those players, NetBet spokesman Alexandre Mangaud has explained that this is something the site has taken extremely seriously in a bid to ensure a safe, secure and efficient system:"We have been looking at digital currencies for some time now.Since Bitcoin is new to the regulated gambling industry in Europe, we've worked closely with our payment processing partners to ensure that the addition of this new payment method meets the UK Gambling Commission regulatory requirements."UK