Even though online gambling has grown in popularity over the years, it is still illegal in some countries. For example, the gambling industry in Japan is unique because authorities prohibit a large number of gambling activities. The Japanese Gambling Law prohibits most casino games but allows residents to play sports such as motorsports or horse racing.
But even though land-based casinos are banned, online gambling is very popular among Japanese citizens. Even though they cannot play casino games in physical locations, they can access online gambling resources. They register with casinos regulated by foreign operators who guarantee that no third party can track their online activities. In addition to offering Japanese residents the ability to play casino games, online casinos also offer payment methods to suit their particular needs.
If you want to get started with casino games in Japan, here is the best payment methods you can choose when registering with an online operator.
Cryptocurrencies are the most attractive choice for Japanese players who want to keep their money safe. With the rapid growth in popularity of cryptocurrencies in recent times, it’s understandable that online gaming platforms allow their customers to use some of them. However, not all operators accept cryptocurrencies and it is important to check their list of authorized payment methods before registering with them. Cryptocurrencies are virtual or digital currencies based on blockchain technology that makes it difficult to counterfeit or hack. No one can track cryptocurrency transactions, which means all activity is secret and anonymous.
However, before using cryptocurrencies for gambling activities, remember that there is constant instability around them and your winning depends on the casino’s stakes and fluctuations in the crypto market. 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, while a Litecoin takes only 2.5. However, Monero is the most secure virtual currency because it has a hidden identity feature which strengthens your privacy.
Credit and debit cards
Credit and debit cards look the same as they have the 16 digit card number, EMV chips, and expiration date. You can use both to pay for your online activities, but there is 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 are directly connected to your bank accounts. These are also the most popular payment methods as casinos direct payment directly to your account. If you don’t have a credit or debit card, click here to check recommended withdrawal methods because it is important to make sure that you get the funds securely.
Before using your debit card to fund your gambling activities, check the fees associated with it, as some debit cards have quite high fees for the player and the casino. However, even if you choose another payment method for online gambling, you should also have a debit card as some online websites do not allow other transaction tools.
With over 200 million users, PayPal is the world’s largest web wallet. It is 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 though not all online gaming platforms accept PayPal, it is an essential payment method as many gamers prefer it because it pays special attention to security by encrypting user details and making them anonymous when performing transactions. It is one of the best payment methods for Japanese gamers who want to prevent authorities from tracking their online activities.
Neteller or Skrill
At first Neteller and Skrill were developed as alternatives to PayPal, but in the meantime they have grown into successful web wallets. The same company owns and operates the payment methods and offers similar services. Many gamers have looked into one of these two options, as users have grown steadily over the past few years. Neteller is the perfect tool if you have difficulty sharing banking information online as it acts as a wallet that stores your money until you need to make a deposit. Skrill also offers few details about your payout activities and functions as a digital wallet that you can use for any bet deposit payout.
From the paragraphs above, you can deduce that there are many reliable payment methods that you can use when playing online. It’s up to you to choose the best.