The Best Way To Deposit And Withdraw From Online Casinos In Canada

Joseph Kata, Last Updated: July 22nd, 2019 Best Real Money Online Casinos In Canada
The Best Way To Deposit And Withdraw From Online Casinos In Canada

Recently, we have discussed the legality of online casinos in Canada and seen the comparison between online gambling in Canada and the United States. But how do you actually get started with an online casino in Canada? It all begins with your very first deposit and we will discuss how to go about making that investment in the best and safest way possible.

How Do You Deposit Money Into A Canadian Online Casino?

The very first step is to sign up for the site or sites you've chosen to play on. The standard picking of a username and password will be there, but you'll also have to usually confirm your identity and your location, depending on the rules of the site.

While there are many different websites to choose from, the ways to deposit into them are pretty much the same. You'll usually have at least a few of the following options to put money into your casino account:

  • Debit or credit cards
  • eWallets like Neteller or Skrill
  • ACH or Wire Bank Transfers
  • PayPal
  • eChecks
  • Prepaid Cards and Instant Payment Services
  • Cryptocurrencies like Bitcoin

Depending on the bank, you may not be able to directly insert money from your bank account into a casino account, so you have many other options to use to circumnavigate that possible roadblock. Also, note that some deposit methods like banks or credit cards might charge you a transaction fee. You could be dinged for a wire transfer fee or a foreign transaction fee, depending on where the site is located.

How Quickly Will The Money Show Up In My Account?

Most of these deposit options give you your funds instantly into your account. However, some like wire transfers or eChecks may take a couple of days. Be sure to read over the site's FAQs about adding money into you account to see what they set as the standard wait time for each deposit method.

What Are The Minimum Amounts I Need To Deposit?

Usually, the minimum to make a deposit into an online gambling site is anywhere between $5 and $20, depending on the site. To take advantage of promotions like first-deposit bonuses, it's usually a minimum of $10 or $20 to receive the bonus.

Taking Advantage Of Sign-Up Bonuses

Many online casinos offer some extravagant deposit bonuses that you can use to your benefit on your first investment. Look out for promotional codes that will sometimes give you up to 100 percent of your first deposit, usually up to a certain level. While these usually have playthrough requirements before withdrawing your winnings such as betting the amount of the bonus 20 times over, it's an easy way to get free money and be able to use that to earn more than your original investment. Be sure to check out the requirements for withdrawal, as some games like slots count more toward the playthrough than table games like roulette and blackjack.

Some sites will even offer a no-deposit bonus to sign up for their site. While you may not get as much bonus money as you would with some of the first-deposit bonuses, it's a great way to learn about the ins and outs of the site and possibly build on your free money as well. And who dislikes free money anyway?

Making A Withdrawal From An Online Canadian Casino

Usually, most sites allow you to make a withdrawal the same way you deposited into your account. So if you add money via ACH, the only option open to you would be an ACH withdrawal. Same as a wire transfer, eWallet, Cryptocurrency, etc.

Many sites have withdrawal minimums, and only allow it after your bonus money is exhausted if you were able to receive any. Minimums can be as small as $5 but are usually within the $5-$20 range. Most sites also have a maximum daily withdrawal amount as well, of a few thousand dollars. Although that limit can be waived if you're considered a VIP player at the site, or if you contact support to ask for an exemption.

Is Online Gambling In Canada Safe To Play?

The question of safety often comes up as a concern whenever money exchanges hands online, especially in the realm of gambling. Most of that stems from its questionable legality back in the day and the idea that it's a reckless pursuit. Many steps are taken nowadays to confirm not only that your money is safe as you add money and withdraw into these sites, but that the games are on the "up-and-up" as you're playing them.

Back in the 1990s, the Kahnawake Gaming Commission in Quebec began to oversee online casinos in the province to protect their players. Most sites used in Canada are from overseas though, so be sure to find reviews for the site you'd like to sign up for and check that they're licensed in the country of their operation. Some even have a free-to-play section so you can get acclimated with their site and the games they offer before making your first deposit.

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About Joseph Kata

Joseph is an Assistant Content Manager at BonusSeeker. He's previously worked as a Senior Site Manager for MLB and NHL.com. Over the last 15 years, he's written in sports, sports betting, real estate and dating sites. He enjoys participating in his two greatest passions: loving his family and informative writing.

MLB.com, MiLB.com, NHL.com, PWTorch.com

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