How to do Deposit and Withdrawals in an Arab Online Casino?
- 1 How to do Deposit and Withdrawals in an Arab Online Casino?
- 1.1 Bank transfers
- 1.2 Credit cards
- 1.3 Electronic wallets
- 1.4 Cryptocurrencies
- 1.5 What is the best payment method for a casino in North Africa?
- 1.6 What is the role of currency for online casinos?
- 1.7 Deposit and withdrawal deadlines
- 1.8 KYC and verification of an account at an online casino
- 1.9 FAQs - Paying at Arabian casinos
Do you want to play at an online casino from an Arabic country, but you don't know which payment method to choose? Then this article is made for you.
Arab players are subject to very specific restrictions, so I have selected payment options that meet the particular constraints of this market.
Each means of transaction has its advantages and disadvantages. I will explain all of the ones and give you my opinion about the best ones and why I would choose them.
I will start right away by explaining the different means of payment:
This is the easiest and most common option: a direct transfer from your bank to the casino.
But of course, it is much more difficult in an Arabic casino.
This is the easiest and most common option: a direct transfer from your bank to the casino. But of course, it is much more difficult in an Arabic casino.
Maghreb countries often have strong restrictions on online gambling for cultural and religious reasons and a bank can therefore refuse transactions from a casino, or even block the account. Because of this, it is therefore an option to avoid.
The second most common option is a payment by credit card.
A safe and fast payment method, which is present everywhere in the world. It is commonly used in land-based and online casinos.
A card that allows instant and secure deposits. It is used in the same way as a VISA card.
Card payments are the most common for online casinos, but they are not suitable for Arab players.
Indeed, VISA and Mastercard depend directly on a banking institution and pose the same problems as direct transfer.
To play without problems from the Maghreb, the player must be able to transfer his money discreetly.
For this, electronic wallets or eWallets are a very good solution.
They allow fast and perfectly secure exchanges from your wallet to the casino of your choice.
Its use is very simple - it is filled by a direct transfer from the bank, with the sum of your choice.
Then, once the money is in the Wallet, the bank has no way of knowing what that money is being used for.
Even the casino has only your wallet information and not your banking information. Anonymity is preserved.
There are a large number of electronic wallets and here are the most common ones
Present in more than 200 countries, including several Arab countries, Ecopayz is a Wallet created in 2000 and regulated by the British FSA (Financial Service Authority).
Ecopayz is very popular among Arab online casino players.
Neteller is also present in the Maghreb and on several continents. Created in 2019, it offers a fast and secure means of payment for all banking transactions.
Skrill is used as a payment method in the vast majority of online casinos. All you have to do is confirm an email address to be able to make deposits and withdrawals. Transfers are fast and Skrill also offers a VIP program to retain customers.
Webmoney is less known than previous payment options, but it is slowly gaining traction with its fast and secure transfers. Anonymity is always preserved.
In ten years, cryptocurrency has become essential in the world of online casinos.
It must be said that it has great advantages over other means of payment, including perfect anonymity and ease of use.
Just go to a Crypto exchange site like Binance or eToro to create an account and buy tokens.
Some casinos offer to buy directly on the site.
It is by far the best known cryptocurrency. It is accepted in all online casinos thanks to its many qualities: anonymity, speed, low or no transaction fees. It is also one of the most stable tokens.
After Bitcoin, it is the most used crypto in online casinos and the sixth most important crypto worldwide. Like Bitcoin, LTC allows secure, fast and anonymous transfers.
If Ethereum is one of the three best cryptos, then it is because of its popularity with online casino players. It is also present in the Maghreb countries and allows you to play in complete safety. Ethereum is becoming more and more widespread and it is considered a rather stable Token.
Ripple has a very solid structure, which relies on the US dollar, banks and large companies. It is therefore perfectly reliable and its cost is rather advantageous.
What is the best payment method for a casino in North Africa?
If all these methods exist, it is because they each have advantages and disadvantages.
But for Arab players, the options are more limited:
Bank transfer and credit cards are prohibited for transactions at online casinos. They are therefore automatically excluded.
Electronic wallets are easy to use, and their anonymity is much more important. They are widely used across the world, including in Arab countries. They also offer a wide variety of choices.
But for the best payment method for an Arabic casino, my choice is cryptocurrency.
Indeed, it is the Token that offers the greatest anonymity for transactions. The security is also very high, as much as in the big banks.
Crypto transfers are very fast, almost instantaneous, whereas a standard transfer can take two to five days.
I also advise you to choose a stable Token, such as Bitcoin, LiteCoin or Ethereum, to reduce the risk of crypto volatility.
What is the role of currency for online casinos?
To choose an online payment option, you have to pay attention to certain points.
Does this payment method exist in my country?
Muslim countries are difficult to access for many banking options. The possession and use of tokens is also prohibited in certain Maghreb countries such as Tunisia.
What about currency conversion?
Does the online casino you have chosen accept the currency of your country (Egyptian Pound, Dirhams, Dinars, Rials, etc.)?
Many Arabic currencies are not offered by online casinos, but still accept e-wallet or crypto transactions.
Conversion companies can also change currency, but this will incur additional costs.
Deposit and withdrawal deadlines
Another point to consider is the speed of transactions.
As a general rule, deposits are very fast, lasting a few minutes, but withdrawals can take several days (48 hours on average).
These deadlines correspond to a verification time of the financial organizations, and it therefore varies from one method of payment to another.
The fastest and lowest cost payment methods are electronic wallets and Crypto.
Good online casinos often have a page dedicated to their transactions.
Access is usually found at the bottom of the page under the name “payments”.
You will find a list of means of payment and their description - deadlines and limits for deposits and withdrawals, transfer deadlines and transaction fees.
KYC and verification of an account at an online casino
When a player registers in an online casino, the site often asks for banking information. This is called KYC (Know Your Customer).
KYC was implemented by gaming regulatory commissions to combat money laundering.
The KYC consists of a list of documents to be sent to the online casino
Many crypto casinos allow gambling without KYC.
This is another advantage of crypto.
but if the player has won a large sum of money, the casinos reserve the right to carry out verifications before the transfer.
FAQs - Paying at Arabian casinos
To play in an Arab country, you must favor anonymous and secure payment methods. For me a cryptocurrency like Bitcoin, Litecoin or Ethereum is the best choice.
Yes, because it is the most discreet method. Online gambling is frowned upon in North African countries, and Arab banks may refuse betting winnings. Crypto allows you to play anonymously.
Yes, using e-wallets or cryptocurrency.
it is the best way to pay anonymously
KYC stands for Know Your Customer. It is a verification process that ensures the identity of an online player.
These are documents to be sent to the casino when registering to prove that you are of legal gambling age and that you are the owner of the bank account used.used.