How to Withdraw and Cash Out from US Poker Sites
So you’ve been playing and all of a sudden you don’t have to deposit anymore. In fact, your bankroll has kept growing and now you need to actually need some withdrawals. Congratulations, you’re now ready to cash out.
This is one of the best problems you can have in poker. Luckily, there are a lot of ways you can withdraw from sites these. You can use everything from cryptocurrencies to old-fashioned checks. The methods really span the entire spectrum of banking. There are caveats to all kinds of withdrawals. For example, they all have different withdrawal times and limits. These also vary site to site. We’re here to break these down for you and we’ll also use Ignition Poker as our main example.
Most Common Ways to Cash Out
- Bank or Wire Transfers
- E-Wallets like Neteller or Paypal
- Money orders with Moneygram or Western Union
- Cryptocurrencies like Bitcoin
- Paper checks
Most online poker sites offer several of these options. Cryptocurrency is the least common, but it’s picking up popularity. While cryptocurrencies are less common, they tend to be some of the fastest ways to withdraw. E-wallets tend to be fast as well and can see funds hit your account that same day. Wire transfers tend to take a few days while checks, on average, take the longest. Sometimes they can take up to two weeks to reach your home. Some payout methods also have a fee, but these are also dependent on each site.
So let’s get into those sites
Fastest Paying U.S. Sites
Currently Ranked Fastest: Betonline.ag – Payouts take approximately 4-6 days if you use money transfers. Checks take slight longer at 6-14 days. Bank wires are taking 7-8 days to reach players while cryptocurrency withdrawals take just 15-40 hours.
Currently Ranked 2nd Fastest: IgnitionPoker.eu – As soon as you request your cash out, it takes Ignition Poker 24-48 hours to process your request. After that, it depends on what withdrawal method you requested. The fastest is Bitcoin, Bitcoin Cash or vouchers. After the processing period, it takes just 15 minutes to process. These are all free to use also. Bitcoin and Bitcoin cash have a $,8500 withdrawal limits while vouchers have a $3,000 limit. Vouchers can be sold to other players and Ignition has a forum where players can exchange vouchers. A check can take up to 15 business days and has a $3,000 limit. Each check also has a $100 fee.
Currently Ranked 3rd Fastest: TruePoker.eu – TruePoker says that every cashout can take anywhere from 24 hours to 15 business days. The fastest way to withdraw is with Bitcoin, which has a maximum payout of $10,000. Players can withdraw once per day, up to five times a week. True Poker also offers E-Wallet options, they have a minimum payout of $50. Checks have a maximum payout of one per week and cost $65 per check. Players can also contact customer service for money transfer for pick-up.
Withdrawals Via Bitcoin
Cryptocurrencies are more popular and available than ever. A ton of different sites now offer Bitcoin and a bunch of other cryptocurrencies as options to fund your account. It’s gotten to the point where we even put together a guide on how to play poker with Bitcoin. There are a ton of benefits to using crypto. Most sites process crypto faster than any other option and usually have no fees.
To get started, you’ll need to make two decisions. (1) BTC deposits are facilitated through digital currency exchanges like Coinbase or Kraken, so pick a BTC exchange. (2) Anyone who uses BTC payouts also need a bitcoin wallet like Coinbase, Mycelium, or Electrum. Choose a BTC wallet and you’ll be cashing out via bitcoin in minutes.
Withdrawals with E-Wallets and Money Transfers
PayPal is one of the most popular e-wallets in the world. It’s easy to use, widely accepted and has been around for years. If you want a more complete guide on using PayPal to fund your online poker account, check out our guide here. If you want something that’s been around een longer, then money transfer services like Western Union could be for you. Western Union and MoneyGram are some of the largest money transfer services. These take a few days to withdraw, but are easily available across the world and easy to sign up for. Again, we’ve put together a guide on how to use MoneyGram and Western Union to fund your poker account.
What about state-regulated sites?
Players in Nevada, New Jersey, Delaware and Pennsylvania have most of the same payout methods and even offer a few more. PokerStars NJ says they process payouts anywhere from 3-10 business days. Then you can cash out using PayPal, Skrill or instant eChecks. For more information on how to withdraw with PokerStars NJ, head on over to their site.WSOP.com also has PayPal, and e-checks, but it has one pretty neat feature. You can also withdraw at casinos around Las Vegas. You can withdraw at:
- Rio All-Suite Hotel & Casino
- Caesars Palace Hotel & Casino
- Planet Hollywood Resort & Casino
- Harrah’s Hotel & Casino
- Paris Hotel & Casino
There’s no shortage of ways to get your money out. So start winning and start cashing out! Good luck out there.