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One of the most exhilarating things about online casinos, aside from the actual feeling you get when you hit the big win, is the thrill that comes with cashing out your huge fortune and then the anticipation that builds when waiting for your winnings to arrive in your bank, crypto, or e-wallet account.
Online casino deposits today are typically instant at https://norskenettcasino.biz/. However, when it comes to withdrawal of online casino winnings, it's never instant, something which frustrates some players.
If you're extremely lucky, you can find some online casinos that provide withdrawals within a time frame of a few hours, but in most cases, it can take up to 48 hours or more to process, so you need to be patient and wait.
The amount of time it will take to get your winnings will also differ based on which online casino you have registered with, which withdrawal method you have utilized to pull out your winnings, and a host of other factors. Let's get right to it to determine how players can shorten the average withdrawal times.
Did you know that there are several things you can do to minimize the withdrawal duration at an online casino? Getting the account verification done is one of the easiest and most efficient ways you can utilize in order to decrease the duration of time it takes for you to get your well-deserved winnings.
It is also known as the KYC process (or Know Your Customer), and it must be completed by all players who sign up with online casinos to play games in the real money mode.
Players can also use some payment methods to minimize withdrawal times, such as e-wallets (or digital wallets) or cryptocurrencies. Both of these methods are renowned for having quick withdrawal transaction processing times.
The good news is that it is not difficult to find casinos reviewed for fast payouts and other essential withdrawal information. Review sites have updated information on trustworthy online casinos, fast payouts, and other withdrawal details.
There are some online casinos that are well known for their fast withdrawals, and there are also some that are well known for their slow withdrawals. You should also be aware that it takes longer when you attempt to withdraw a large win.
What you can do is take a few minutes to review the casino's policy to search for their maximum withdrawals.
You may find that some online casinos restrict your monthly withdrawal amounts to $50,000 or $100,000. Therefore, if you win $1,000,000 (or the equivalent amount in your chosen currency), you will need to wait a little longer to receive the complete prize.
This is standard practice at just about every online casino out there. Larger withdrawals generally take slightly longer than smaller withdrawals, as more checks have to be performed. So, keeping within established withdrawal limits can avoid additional checks and waiting times.
Due to legislation and laws, and in order to prevent money laundering and other fraudulent and illegal activity, intermediary banks can also slow down your transaction, adding even more time to receiving your winnings.
Furthermore, if you are attempting to withdraw from an offshore online casino, currency exchange can also slow the process down.
If you have not completed the KYC process, you are not eligible for withdrawal, so to ensure that you do not have to wait longer than you have to, ensure that you complete the KYC process as soon as possible, preferably from the moment you register to the casino.
To complete the KYC process, you will be required to provide scanned colour copies of your identity and address proof.
For example, you may utilize a valid passport, driver's license, or other internationally accepted form of identification to help confirm that you are indeed the person you present yourself to be. Your proof of identity must be valid/not expired. The address proof may be a gas bill or electricity bill, a yearly mortgage statement, or a recent bank statement.
It must be less than twelve weeks old and reflect your current address clearly (the one you gave to the casino during registration). Make sure also that documents are not blurred or out of focus as they will not be accepted, which will further delay the KYC process.
Some online casinos have different processing times, depending on what kind of withdrawal review process they have in place, and some online casinos deal with higher volumes of withdrawals than others. These factors can all affect how long it takes to receive your winnings.
The other thing that can delay withdrawals from being processed is attempting to process more than one concurrent withdrawal. Simply wait for one withdrawal to be processed first, and then, if you have additional winnings that you wish to withdraw, you can initiate another withdrawal once the prior one has been processed.
As you can see, there are several factors that can affect the average withdrawal time at online casinos, but the good news is you can do several simple things to speed up the process.
Therefore, it's important that you know why some withdrawals are slower than others.
As a player, be patient when you land a big win and attempt to cash out from the online casino of your choice. Always bear in mind to prioritize safety and security over speed.
