Saturday, 27 November 2021
What are the best payment methods when gambling online in Japan? Photo by Pickawood on Unsplash

What are the best payment methods when gambling online in Japan?

Written by  The Dubrovnik Times Oct 27, 2021

Even if online gambling has become quite popular over the years, it’s still illegal in some countries. For example, the gambling sector in Japan is unique because the authorities prohibit a great number of gambling activities. The Japanese gambling law bans most casino games but allows residents to gamble on sports like motorsports or horse racing. 

But even if land-based casinos are prohibited, online gambling is quite popular among Japanese citizens. Even if they cannot play casino games in brick-and-mortar venues, they can access online gambling resources. They register with casinos regulated by foreign operators that guarantee that no third party can track their online activities. Aside from offering Japanese residents the chance to play casino games, online casinos also cater the payment methods to meet their special needs. 

If you want to engage in casino games in Japan, here are the best payment methods you can choose from when you register with an online operator. 

Cryptocurrencies

Cryptocurrencies are the most attractive choice for Japanese gamblers who want to ensure their money’s security. With the rapid growth in the popularity of cryptocurrencies in recent times, it’s understandable why online gambling platforms allow their clients to use some of them. However, not all operators accept cryptocurrencies, and it’s important to check their list of permitted payment methods before registering with them. Cryptocurrencies are virtual or digital currencies based on blockchain technology that makes it hard to counterfeit or hack them. No one can track cryptocurrency transactions meaning that all activities are secret and anonymous. 

However, before using cryptocurrencies for gambling activities, remember that constant instability surrounds them and your winning depends on the casino stakes and crypto market fluctuations. The most popular cryptocurrencies used for online gambling are Bitcoin, Litecoin, and Monero. Bitcoin is the most popular virtual currency, but it’s not as fast as Litecoin. A Bitcoin transaction takes 10 minutes to complete, while a Litecoin one only 2.5. However, Monero is the most secure virtual currency as it has a hidden identity feature that boosts your privacy. 

Credit and debit cards

Credit and debit cards look the same because they have the 16-digit card number, EMV chips, and expiration date. You can use both of them to pay for your online activities, but there’s a difference between them. When you use a debit card, you spend money from your savings account, and when you use a credit card, you borrow money with a credit limit. Both are reliable payment methods because they’re directly connected to your bank accounts. They’re also the most popular payment methods because the casinos direct the payout directly to your account. If you don’t have a credit or debit card, click here to check recommended withdrawal methods because it’s important to ensure you get in possession of the funds securely. 

Before using your debit card for funding your gambling activities, check what fees are associated with it because some debit cards attract quite high fees for both the player and casino. However, even if you pick another payment method for online gambling, you should also have a debit card because some online websites don’t allow other transaction tools. 

PayPal

With over 200 million users, PayPal is the largest web wallet worldwide. It’s a very popular payment method for online gambling, and almost all online casinos in Japan use it. Usually, the casinos that use PayPal have the largest customer base. Even if not all online gambling platforms accept PayPal, it’s an essential payment method as many players prefer it because it pays special attention to security by encrypting the user’s details and making them anonymous when they perform transactions. It’s one of the best payment methods for Japanese players who want to prevent the authorities from tracking their online activities. 

Neteller or Skrill

In the beginning, Neteller and Skrill were developed as alternatives to PayPal, but meanwhile, they have grown into capable web wallets. The same company owns and operates the payment methods, and they offer similar services. Many gamblers have leaned toward one of these two options since users have grown steadily over the last years. Neteller is the ideal tool if you have difficulties sharing bank info online because it acts like a wallet that stores your money until you need to make a deposit. Skrill also offers little details about your payment activities and works as a digital wallet you can use for any betting deposit payment. 

From the above paragraphs, you can deduce that there are many reliable payment methods you can use when you gamble online. It’s up to you to pick the best one. 

The Voice of Dubrovnik

THE VOICE OF DUBROVNIK


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