Canada is fast becoming one of the best places for online casinos. With more sites and apps opening all the time, the industry has become quite competitive. But if there is any feature of Canadian online casinos that is making waves right now, it’s their instant withdrawals.
Instant withdrawal online casinos are prized by gambling fans for their convenience and their speed, making them an integral part of any successful casino business. This includes online casinos in Canada and those across the globe. Understanding what makes them work so well will make it easier for you to find the best sites and apps for your needs.
What Is An Instant Withdrawal?
As implied by the name, an instant withdrawal is a process that allows online casino users to withdraw their winnings and have them delivered to them online instantly.
With most online casinos in Canada, however, the instant aspect of a payment usually only applies to deposits. Instant deposits are popular because users typically need to authenticate their newly made accounts by depositing some money. As a result, online casinos process deposits in seconds rather than days, otherwise people would move on to somewhere else.
Fast withdrawal casinos in Canada are plentiful, but keep in mind that fast doesn’t always mean instant. Fast can mean anywhere from 24 to 48 hours. Instant withdrawals usually mean seconds – sometimes minutes – but this is considered so fast compared to standard withdrawal times that it is in the same category.
Why Are Instant Withdrawals so Coveted?
Online casinos in general are more popular than their land-based counterparts because they offer wide levels of convenience, particularly the ability to gamble from a smartphone from anywhere. But most online casinos have relatively long payout times, which is arguably the one area where they fall flat compared to a land-based casino.
Instant withdrawals solve that issue easily. When you win big at a land-based casino, you don’t have to wait days to get your money. You can just walk up to the teller and exchange your chips and be on your merry way – it is a seamless and instant process. It allows you to enjoy your winnings while you’re still riding the high of a victory or a mega jackpot.
With most online casinos, you will have to wait a long time to get your money, which can make the victory feel a little less sweet. But thanks to instant withdrawals, you can receive your money as fast as you want, without needing to bother with pending periods.
Do all Online Casinos in Canada offer Instant Withdrawals?
Though instant withdrawals are highly respected and sought after, not all online casinos in Canada or throughout the world offer them. They are becoming more common, but they are not yet something that is taken for granted by the industry. In other words, if you want to use an online casino that has instant withdrawals then you may have to go out of your way to find one that offers that facility.
Players in Canada are in luck, as there are many native Canadian online casinos that not only offer instant payouts but are well respected in general. They are positively reviewed, thanks to their customer service, their game selection and their UI stability. You won’t have to rely on any VPN tactics to bypass region locks to find foreign sites that have what you’re looking for.
In other words, you don’t have to cut any corners or settle for second best to find a high-quality Canadian online casino that also offers instant withdrawals.
How Do You Use Instant Withdrawals?
In most cases, the payout speed of an online casino is determined by the payment method used. Though there are other factors at play, this is by far the most important.
When an online casino offers instant withdrawals, many times it is saying that it offers payment options that also allow instant payout speeds. This means you will likely have to use a particular payment option to take advantage of the instant speed functionality. For some casinos, this means using a common and stable cryptocurrency, such as Bitcoin, Ethereum or Tether. For others, it means an e-wallet of sorts.
Keep in mind that just like with instant deposits, instant withdrawals have a minimum requirement. This means you have to withdraw a certain amount of money for the withdrawal to take place at all. For example, if a minimum withdrawal is $20 and you only want to take out $10, you will not be allowed to. Only amounts that meet or exceed the minimum will be processed.
Is Using an Instant Withdrawal Casino Absolutely Necessary?
Though instant withdrawals are widely considered superior over so-called fast or even medium speed withdrawals, you don’t have to consider them a necessity. If anything, they are commonly treated as more of a luxury than anything else.
Yes, it is great to have your winnings delivered to your e-wallet immediately, but if you have enough patience to wait a couple of days then you don’t need to worry about it. Instant withdrawals are very important, but they aren’t everything.
There’s also the issue of instant withdrawals limiting you to specific payment types. If you are more comfortable using something popular like Visa, Mastercard or PayPal, it may be the case that the convenience of instant withdrawals will be outweighed by the inconvenience of using a new payment method you aren’t familiar with.
So, even though it is ideal to choose an instant withdrawal online casino in Canada, you ultimately have to choose what works best for you. Take the perks of instant banking seriously, but not at the expense of everything else that a fun, licensed online casino has to offer.
