If we are to ask the question why do you gamble to a dozen, hundred or even a thousand casino players, odds are, there is one common answer we will receive. What’s this answer? Well, it has to do with winning money. Most players are attracted to gambling by the sheer prospect of winning some life-changing wins. Fortunately or unfortunately, to gamble for real and stand a chance of winning real money payouts, players have to deposit funds first. It’s on this front that casino wallets come into the equation as they are one of the most trusted banking methods amongst Malaysian casino players.
So, why are casino wallets popular amongst Malaysian casino players? Well, several reasons explain this. However, before we get into this and before we share with you how you can use a casino wallet at an online casino, the first thing we need is to get on the same page as to the meaning of what a casino wallet is. Perhaps, some of us don’t know what a casino wallet is.
What is a Casino Wallet
To help players understand clearly what a casino wallet is, we are going to give a practical example. Suppose you go to work and at the end of the month you receive your salary in cash, you will need something where you can keep your cash safely. Most commonly, the thing you will look for is a physical wallet you can put in your trousers or a purse to hold on your hands when you move around. The physical wallet or purse can only hold hard cash. If you are one of those that receive their salary in electronic form, then you need a different wallet. You need a wallet that can hold electronic money. Such wallets exist (in abundance if we can add) and they are broadly named electronic wallets.
An electronic wallet is a virtual wallet to which you can transfer funds for safekeeping. You can further use it to make payments utilising pre-loaded funds that are held in safekeeping. Electronic wallets can further be classified as per their intended use. In the gambling context, an electronic wallet which is loaded with funds exclusively meant for gambling purposes is dubbed a casino wallet.
Some common examples of electronic (casino) wallets that Malaysian players can use include:
- PayPal
- Touch n’ GO
- GrabPay
- Boost
- BigPay
- DuitNow
How to Use a Casino Wallet at Online Casinos
Now that we all know what a casino wallet is, let’s get to see how you can start using it at Malaysia online casino. Note that this section comes in two parts. First, we outline how you can get a casino wallet and afterwards, we outline steps on how you link it to your casino account so that you start using your casino wallet funds for wagering purposes.
How to Get a Casino Wallet
- Step number one is to choose the casino wallet that works best for you or simply the one that you prefer. You may do your research or make use of online articles that explain and explore the pros and cons of each casino wallet
- Once you find the casino wallet you desire, proceed to set up your account. Often, this takes just a few minutes of your time
- When your account is all setup, the next step is to load some funds. Note that on this front, there are two options available and the one you go for depends on the casino wallet you opened. The first option is to transfer your funds from one source presumably a bank to your casino wallet. Alternatively, some casino wallets simply require you to link your funding source (e.g. bank account or credit/debit card) with your casino wallet. In this instance, you don’t transfer funds. Rather, the funds in the funding source are used as is albeit under the cover of the casino wallet
- After you transfer funds/link the funding source with your casino wallet, all that’s left is to head over to your favourite online casino.
How to Use a Casino Wallet to Fund Your Casino Account
- Step number one is to access your casino account portal. You do this by undertaking the login process or if you haven’t set up an account yet, undertake the account registration process
- From your account portal, head over to the banking section. On most online gambling platforms, you reach the banking page by accessing the menu bar and proceed to scroll and click the ‘Banking’ or ‘Cashier’ section. If you can’t locate it, then you need to use the search filter or check the FAQ section on how to make a deposit
- Once on the banking page, opt to use electronic wallets/e-walle/casino wallet depending on the name used
- Afterwards, follow the prompts provided by your online casino to complete linking your casino wallet with your casino account
- Once you have successfully linked the casino account with the casino wallet, you can now seamlessly transfer funds from the casino wallet to your casino account and hence get funds to start wagering with.
Why It’s Recommended to Use Casino Wallets at Malaysia Online Casinos
The thing is, there are a variety of banking methods that you can use in loading funds to your casino account. In such a sea of options, you may probably wonder then you should go for casino wallets. Below we give you the reasons why.
Extremely Secure
Arguably the most important reason why you should go for casino wallets is that they are extremely secure. When using a bank account or credit/debit cards for making deposits at online casinos, you are bound to share some of your financial details that is your bank/card account number. Providing such sensitive data may prove costly if the casino you are using doesn’t have up-to-date and secure security protocols and servers. Casino wallets are different on this front. When using them, you just disclose your name/username something you would have provided before to the casino hence your financial security is guaranteed. Even if there are security breaches, you need not worry as the only thing snoopers will access is your name.
Use Multiple Funding Sources
If you have multiple sources of income and each has its own receiving banking method, it becomes a daunting task to link all your banking methods to just one casino account. However, if you have a casino wallet, you can link multiple funding sources. This, therefore, means when you want to deposit funds at the casino, you just use the casino wallet regardless of the funding source which loaded funds into the casino wallet.
Fast Deposits & Withdrawals
When you check out the deposit and withdrawal info at most casinos, you will realise that bank transfers and debit/credit card payments take the longest time to process. Nothing stresses you more than having your money stuck somewhere in the virtual world when you desperately need to use it. To circumvent this, you can simply link your bank account/debit/credit card to your casino wallet and benefit from ultra-fast deposits and withdrawals.
Round Up
To conclude, we can say that casino wallets rank among the most popular banking methods used by Malaysian players in depositing funds. Their popularity largely stems from their flexibility and ease of use. Moreover, they guarantee player anonymity online as they don’t divulge sensitive financial details.
