With around 1.6 billion people worldwide indulging in online gambling, online casinos have become a huge hit. Every year, new online casinos keep cropping up, each with more competitive rewards than the others. One thing all these casinos have in common is banking methods and currencies.
When a UK player registers an account on an online casino, one of the requirements is choosing a currency option. Most online casinos offer players multiple options to choose from regardless of where they are betting, If they are from London or other places in the world, The casinos’ objective is to make it easy for the players to set up, fund, and use their gaming account. This involves providing them with various currency options they are likely to choose and use.
Top 5 Currencies at Online Casinos
The euro is among the most popular currencies in the world, and it’s the primary currency used throughout Europe. More online casinos worldwide accept the euro than any other currency as it’s widely used, even outside Europe. It is mostly accepted in casinos where players gamble for real money. Also, online casinos that accept euros cater for their European players, who they offer promotions and bonuses in the same currency.
The US dollar is another widely accepted currency in most online casinos. You will find it offered as a deposit and withdrawal currency not only in American online casinos but worldwide. One reason it is prevalent is its strength in forex trading. For that, online casinos targeting players in other countries include the USD in their list of accepted currencies.
Since online gambling sites are prohibited to operate within the US soil, it’s only paramount that offshore websites accept the USD if American bettors are among its target market. Also, any other person trading in the same currency within the country where online betting sites are allowed will benefit greatly.
The British Pound
The United Kingdom’s government supports online betting, and it’s a legal activity for all citizens. Since many of the most popular online casinos operate in the UK; it’s only prudent to expect the British pound listed among the accepted currencies.
Most online casinos avail the currency for players from all over the world who wish to transact with it. For European players, choosing to use the pound means that they don’t incur additional transaction costs. Failing to include the British pound in the list of currencies means locking out thousands of European bettors. These European players gambling from other countries prefer using the GBP to deposit or withdraw their funds rather than paying fees to transfer their money into a different currency.
The New Zealand Dollar
The online betting industry in New Zealand has gained momentum as Kiwis are becoming more attracted to betting with each passing day. Although New Zealand isn’t a big country, the whole Oceania uses its currency. The New Zealand Dollars are used exclusively within the country and its six territories. Also, a considerable number of offshore online betting websites now allow the NZD as one of their currencies. Kiwis are always on the look for an NZD online casino as it means that they can use their currency without paying additional fees to transact.
Australians are not prohibited from betting at online casinos within the country. Most online casinos in the country offer them instant play and downloadable software to players and accept deposits and withdrawals in the AUD currency too.
Also, there are many online casinos located outside the country that accept the AUD as a way to attract Aussie players to their websites. With betting being a common pastime among Aussies, the currency is bound to remain among the most common ones in the online casinos worldwide.
These are just five of the most common currencies at online casinos. As these websites are available worldwide, you’ll find other currencies in those countries catering to both the local and overseas players. Always remember to ensure that an online casino accepts your preferred currency before registering an account with them. That way, you won’t incur extra transaction charges while withdrawing your winnings.