It seems like every online casino we look at these days is advertising fast withdrawals. What everyone needs to keep in mind when reading such information and reviews is: it’s marketing. The question we should and will be asking is, what is fast? We know that online casino players often look for fast and hassle-free casino withdrawals. But what we also know is that fast can depend on a lot of different factors, like the payment method. Is it a debit/credit card (Visa, Mastercard), an E-Wallet (Skrill, Neteller, Payz, …), or cryptocurrencies(BTC, ETH, LTC, …)? That’s why we decided to do a little research for everyone reading this, to try and get the full picture of the landscape and give you some clear and sound advice.
In this post, we will be looking at the different payment methods available and comparing both speed as well as reliability. Then, we plan on taking it a step further, examining KYC requirements and some casino terms to see what the real definition of fast is in the online gaming world.
Industry Averages by Payment Methods
We all know that different payment methods have different standard timelines for transactions. While deposits are almost instant, as they should be, withdrawals at online casinos can go from a couple of hours to, in some cases, days. Let’s look at a few.
Credit & Debit Cards (VISA, Mastercard)
Average time communicated: Up to 2 days
Realistic time: Between 3–5 business (!) days
By using a traditional payment method, business transactions are often longer due to the simple fact that banks are involved. There are numerous verification steps that happen in the background for the casino as well as the banks to verify the legitimacy of the transaction. Additional security checks also take place to ensure everything is as it should be. While this is amazing to have in case you ever fall victim to online fraud, it can be a real pain when you are waiting for your winnings to reach your account. Another thing that slows down the entire process is the day of the week you request your withdrawal. If it is a Saturday, Sunday, or even a bank holiday, expect to wait longer.
Read our guide on how to safely use VISA for online gambling.
E-Wallets (Skrill, Neteller, PayPal, etc.)
Average time communicated: Up to 24 hours
Realistic time: Up to 48 hours
E-Wallets have become more and more popular in recent years, not just with online casinos but also as a replacement for your bank account and physical card (like Revolut, for example). Their popularity is also noticeable in the iGaming industry. I mean, why wouldn’t they be? E-Wallets are fast, secure, and reliable. The thing is, in order for them to match the criteria we just mentioned, you first need to take the time to set them up, link your bank account or card, add funds… It’s a lot. And if you play regularly, it can be annoying to keep having to add funds twice. On the positive side, they are one of the best options to receive your winnings from an online casino. Once the casino processes your withdrawal request, the funds are automatically added to your E-Wallet and ready for you to do with them as you please. While testing several online casinos, we noticed that while the withdrawal time is much closer to what is being advertised, on some platforms, it is still a bit longer.
If you are considering using an E-Wallet for online casinos, we recommend our How-To Guide.
Cryptocurrency (Bitcoin, Ethereum, Litecoin, …)
Average time communicated: Instant
Realistic time: Instant to 24 hours
Crypto has always been associated with two things: fast transactions and anonymity. While the first might still stand to some degree, the second is slowly fading out with more and more online casinos requiring a full KYC, even for crypto players. When testing crypto payments on a selected number of casinos, we found that many withdrawals happened in a matter of hours (on some even less). This is really a fantastic sight to see after experiencing bank transfer or credit card withdrawals. Once the online casino approves the withdrawal, all that needs to happen is for it to pass the blockchain network, and you are good to go. Even Bitcoin, which has a slightly slower block time of about 10–60 minutes for network confirmations, is lightning speed compared to traditional payment methods. Overall, in terms of time and the definition of “fast,” cryptocurrency withdrawals take the lead.
Want to learn how to buy crypto?
Payment Method Comparison
| Payment Method | Advertised Time | Realistic Time |
|---|---|---|
| Credit Card | Up to 2 days | Between 3–5 business days |
| E-Wallet | Up to 24 hours | Up to 48 hours |
| Cryptocurrency | Instant | Up to 24 hours |
To sum up, a player cashing out via an E-Wallet might see their winnings later the same day, whereas the player using a credit or debit card could not see their winnings until later in the week. Meanwhile, the player using crypto would most likely see their winnings in their wallet within an hour. The difference is quite clear, where newer technologies are all about speed and traditional banking options put more emphasis on safety rather than efficiency.
What determines the withdrawal speed?
It’s not just about what payment method you use to withdraw your winnings. It’s also about the processes that take place beforehand for that transaction to be approved in the first place. In order to help you understand everything, we compiled a list of potential factors that may affect how fast is fast.
KYC (Know-Your-Customer) Verification
The first and foremost factor that needs to be mentioned is the KYC process. In this step, the online casino will be required, usually by their gaming regulator, to perform a KYC verification on active players in order to ensure no money laundering or fraud is taking place. Typically, this involves collecting a copy of the player’s ID, proof of address, and proof of payment. Until this step has taken place and your account is verified, all withdrawal requests will be pending until completed. Completing your KYC early, ideally right after you make your first deposit, would significantly speed up your withdrawals. Some casinos, such as JeetCity, introduce an optional KYC when creating your account. Verifying early helps you avoid any last-minute delays and the potential stress of waiting for your funds to arrive due to bureaucracy.
Casino Processing Policies
Each online casino has its own internal guidelines on how withdrawals should be processed and what actions need to take place. While bigger online casinos such as Stake, BC.Game, or BitStarz automate their withdrawal requests, most online casinos have a dedicated team that checks to make sure everything is okay and manually approves your withdrawal.
| Casino | Processing Time |
|---|---|
| JeetCity | 48 hours |
| Art Casino | 24 hours |
| Wolfy Casino | 24 hours |
| Thor Casino | 24 hours |
| BC.Game | Instant |
| Stake | Instant |
| BitStarz | Instant |
| allStarz | 48 hours |
| 7Bit | Instant |
| BitKingz | 48 hours |
Bank and Payment Processor Delays
Even after the online casino approves your withdrawal request, you’re not out of the woods just yet. Since payment processor operations are heavily linked to the bank’s schedule, an additional delay can occur if they miss the transaction and delay it to the weekend or a bank holiday.
Other Factors to Consider:
- Your location and regulations: Your country’s banking regulations can affect speed.
- Withdrawal limits: If you win big, you might not be able to get all of your winnings out in one go due to daily/weekly/monthly limits.
- Wrong details: Any errors with your account details can trigger delays.
Our Recommendations for Fast & Smooth Withdrawals
In summary, what is fast, and can it truly be achieved? Yes, it can. If you choose the right casino, select the proper payment and withdrawal method, and the stars align, you will be privy to a fast withdrawal. However, even if you do end up waiting a few extra hours or a couple of days, remember—you won. You are a winner, and your reward will come. Just be sure to play on a fully licensed and safe casino, just in case.
Finally, we would like to point out that fast and safe withdrawals are also one of the key factors we at CasinoDotReview consider when writing a review, so if you are interested in finding casinos with fast and secure withdrawal processes, feel free to check out our latest review page.
Frequently Asked Questions (FAQ)
How long does a casino withdrawal take?
Withdrawal times vary by payment method. Cryptocurrency withdrawals are usually the fastest, often processed within minutes to a few hours. E-wallets like PayPal, Skrill, and Neteller typically take under 24 hours, while credit and debit card withdrawals can take 3 to 5 business days. Bank transfers are the slowest, sometimes taking up to a week.
Why do casino withdrawals take so long?
Delays often occur due to the casino’s internal processing time, KYC verification requirements, and bank or payment provider processing delays. Some casinos have mandatory pending periods of 24 to 72 hours before releasing funds. Choosing a fast withdrawal method like crypto or e-wallets and completing KYC verification early can speed up the process.
Does completing KYC verification speed up withdrawals?
Yes, completing KYC verification early can significantly reduce withdrawal times. Casinos require identity verification before processing withdrawals, and if you haven’t submitted your documents in advance, your cashout request may be delayed. Verifying your identity with your first deposit can help avoid last-minute processing delays.
Does CasinoDotReview prioritize fast and secure withdrawals in its reviews?
Yes, fast and secure withdrawals are key factors in CasinoDotReview’s ratings. We assess not only the speed of payouts but also the reliability and transparency of a casino’s payment process. Casinos that process withdrawals quickly, offer secure payment methods, and have a strong record of paying players on time receive higher trust scores in our reviews.
