If you have been searching for a safe and convenient way to fund your casino wallet, then this article is for you.
To enjoy your game time at any Philippine casino site, it is essential to have a reliable deposit method in place. Make sure to keep an eye out for any incentives or bonuses that may be accessible before submitting. If you need to, make sure to apply the relevant promotional code before finalizing your deposit. On the site’s bonus page, you can discover promotional codes. Some bonuses don’t necessitate a code.
There are particular regulations about gambling in the Philippines that impact the financial industry, causing limitations on the types of deposit methods that can be utilized. Nonetheless, there are a lot of options and alternatives at your disposal which I’ll be sharing with you in this blog post.
Ways of depositing among Filipino gamblers
- Cryptocurrencies such as Bitcoins and Ethereum, as well as alternative coins such as Bitcoin Cash, Litecoin, Cardano, and Ethereum, have become increasingly popular.
- Cards for making payments and purchases on a credit and debit basis.
- Electronic wallets (e-wallets)
- Cards that are loaded with funds in advance are commonly called prepaid cards.
- Rewards in the form of prepaid vouchers.
- A method of transferring funds electronically from one bank account to another is referred to as a wire transfer.
- Money orders are a financial instrument that can be used to send and receive money, similar to a check but with guaranteed funds.
Cryptocurrencies are gaining increasing popularity among the online gambling community. Digital currencies, commonly known as alternative currencies, are currency forms that are not centralized and designed for online transactions only. Alternative currencies are available for purchase through online exchange services or from direct sellers.
There are numerous benefits of using cryptocurrencies such as no extra charges for deposits, lightning-fast processing times comparable to debit/credit cards, and augmented reward schemes for online gambling.
Compared to traditional banking methods, crypto transactions offer a higher level of anonymity, requiring only the digital wallet address and the desired amount of Bitcoin, Litecoin, Ethereum, or other cryptocurrencies to be entered on the gambling site. What you intend to transmit. There is no need to disclose any personal details such as a billing address.
Most Commonly used digital currencies for Phillippines online gambling:
- Bitcoin (BTC):
One of the most popular cryptocurrencies available in the market today is Bitcoin (BTC). The coin set the precedent for all others and is still the most preferred option among online gamblers everywhere, including in the Philippines. It is PHP-compatible and can be used for gambling transactions. You can finance this digital currency using a digital wallet. Even though fraud detection may not be robust, transactions remain secure. You can deposit any amount between 1036.20PHP and 129529.00PHP. No extra charges apply.
- The digital cryptocurrency Ethereum (ETH):
While Ethereum is a relatively new digital currency, its operational mechanics differ from those of Bitcoin. You don’t have to pay any extra charges and it is widely used in the Philippines for both transactions and online betting platforms. The amount required for both the lowest and highest deposits is identical.
- Litecoin (LTC):
Litecoin presents Filipino casino players with a possible alternative form of digital currency. Litecoin’s popularity is surging quickly, and the online betting sector has shown strong support for it.
- Cardano, also known as (ADA):
The most reputable online gambling sites in the Philippines have now adopted Cardano, the latest cryptocurrency. Cardano has established itself as the third most popular cryptocurrency, placing it in direct competition with Ethereum. It distinguishes itself by featuring some of the lowest fees and quickest transaction processing times in the cryptocurrency market. Extra charges are not applicable.
- Ripple, symbolized as ( XRP):
Due to its faster transaction times, Ripple is emerging as a top contender among various cryptocurrency choices. The reason for their quick pace is their blockchain’s ability to handle greater amounts of data at a faster rate.
These are not all. There are other alternative digital currencies other than Bitcoin. They are referred to as other Altcoins. Furthermore, numerous online gambling platforms that cater to PH users also facilitate various other forms of digital currency. You have the option to utilize various prominent and beneficial cryptocurrencies for depositing and receiving payouts, depending on the particular website.
- Bitcoin Cash (BCH) is a highly promising cryptocurrency
- Stellar (XLM) stands out in the digital currency market.
- DOGE, a cryptocurrency that features the image of a Shiba Inu dog as its mascot.
- Chainlink, represented by the symbol LINK, is a digital currency with a smart contract platform, offering a decentralized oracle that allows smart contracts to access off-chain data securely.
This is a cryptocurrency that is denominated in US dollars and Tether (USDT) The minimum and maximum deposit amounts for altcoins are identical to those of the cryptocurrencies mentioned before. The payout limits and fee arrangements are also the same. No additional charges will be incurred. Before deciding on which crypto coin to use for your online gaming pursuits, it’s important to conduct some research, as each comes with its advantages and disadvantages when compared to the others. Undoubtedly, there is no wrong decision.
It’s important to note that USDC and USDT are stablecoins, which indicates they have a fixed value of 1 USD. While they may not be ideal for overall cryptocurrency investments, they prove highly useful in monitoring the balance of online betting funds without requiring any currency conversions.
- Cards for payments using credit or debit methods.
Because of their ease of use and availability, a large number of gamers prefer to use credit and debit cards as their primary payment method. The credit and debit cards generally have lower deposit thresholds. Nevertheless, it is at the discretion of the operator to waive initial and possible subsequent deposit requirements for brands that hold a higher status. The funds that have been deposited will become accessible shortly after the deposit process has been completed.
You may need to provide supplementary documents such as your ID or credit card statement to be eligible to utilize your card. This is a preventative measure to confirm your identity and safeguard your personal and financial data.
- Visa and MasterCard: It facilitates transactions within the Philippines, is acknowledged by internet gambling platforms, and aids in detecting fraudulent activities. You can deposit anywhere from 1295.88PHP as a minimum to 25917.50 PHP being the maximum. The extra charges differ in amount and type.
- Card services such as Visa Electron and Maestro: These prepaid cards are comparable to conventional debit cards issued by Visa and MasterCard. They welcome financial transactions from the Philippines and are recognized as valid payment methods for online gambling platforms. It aids in the monitoring of fraudulent activities. Both Visa and MasterCard share identical deposit limits, with the minimum being 1295.88PHP and the maximum being 25917.50PHP.
- The E-wallet
The wallet is an innovative way of depositing funds utilizing advanced technology. Their digital wallet service operates on a peer-to-peer system, easily accessible via computer or mobile gadget. While paying with a credit or debit card is the common way to deposit funds into an online casino account, the use of e-Wallets is increasingly becoming the preferred and rapidly growing option for financial transactions in online gambling.
An e-wallet is essentially a digital wallet that enables users to store money electronically and make purchases online from various websites. One of the widely used electronic wallets by online casinos is PayPal, which originated from eBay’s popular auction site and has expanded into a multi-billion dollar industry.
However, there exist several trustworthy and expanding e-wallet alternatives. You have the convenience of sending and receiving money in various currencies, including the Filipino peso. One positive aspect is that by using digital wallets, players can participate in online gambling anonymously without having to disclose any personal information. If you desire to remain anonymous, it is no hassle as the wallets make doing so possible. Here are Some e-wallets you can consider :
- Neteller: Neteller is an e-wallet service that enables users to make online
transactions, including deposits and withdrawals, securely and conveniently. Neteller is capable of processing transactions originating from the Philippines and is also a popular payment method on online gambling websites. Nonetheless, you must employ your credit/debit card, bank account, or prepaid card to finance the wallet. This is also an effective approach for monitoring fraud.
An additional noteworthy aspect of this platform is the capability to deposit as little as 518PHP and as much as 129587.50 PHP, presenting a wide range of options for investors. In my opinion, it is an excellent choice. Furthermore, there are no supplementary charges, unlike the use of credit card methods.
- Skrill: Skrill, a digital platform that allows Philippine transactions, is not widely
used for gambling purposes similar to Neteller. You have the option to utilize your credit/debit cards, bank account, or prepaid card as a means to finance it. There are no extra charges, and you have the option to deposit a minimum amount of 518PHP and a maximum of 129587.50PHP.
- Electronic fund transfers via wire. Although wire transfers are not as popular as
they used to be, there are still a few people who rely on them. Numerous online gambling websites facilitate wire transfers as a viable payment method, and the majority of the locations featured on this list fall into that category. When it comes to depositing, wire transfers are not as anonymous as other methods and they also have longer processing times. Usually, these also have exorbitant transfer fees and minimums, which means that they are most suitable for affluent and privileged individuals.
- Prepaid cards: Prepaid cards are beneficial for limiting the risk of developing a
gambling addiction or overspending because the amount of money available on the card is restricted, and one can only play with the funds loaded onto the card.
There are prepaid cards obtainable in various currencies, which also include Philippine pesos. Certain instances refer to “prepaid cards” as worldwide gift cards, including MST Gift Cards, which can be used globally.
- Gift cards are offered by MST.
The MST gift cards can be utilized in PHP currency and can be used for betting purposes on various gambling websites. Your gift cards can be located alongside your bank account and credit/debit card. The disparity lies in the fluctuation of fraudulent protection. You have the opportunity to add 1036.70PHP to your account, with the highest deposit limit of 25917.50PHP. There are no extra charges.
This is an additional choice that offers a prepaid option. Unfortunately, transactions in PHP are not accepted by EntroPay. The only currencies that are accepted for transactions are USD, GBP, and EUR. However, services for converting currencies are still accessible. It is also recognized and approved for use in online betting platforms. One benefit of this is that it is quite effective in detecting fraudulent activity. When using Entropay, the process of funding is carried out through credit/debit cards, which may include additional charges for transactions.
- Money orders
Money orders are a payment method that involves purchasing a paper document that holds a specific amount of money and can be used as a form of payment.
Money orders can be obtained from nearby vendors and then delivered via post to the physical banking location of your online gaming destination. The assistance rendered by customer support can aid you in finding the precise location to send your remittance via money order.
If you are using a website from a distant location, the process of sending money may take quite some time. Numerous contemporary gamblers opt for electronic modes of payments, nonetheless, the existence of money orders signifies the continued utilization of conventional methods.