Best Canadian Crypto Casinos Accepting SPEI Deposits

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Online crypto casinos are embracing SPEI for its swift interbank transactions, catering to users' needs for speed and ease. This method, akin to bank transfers, is rising in popularity among players for seamless deposits and withdrawals.
Best Canadian Crypto Casinos Accepting SPEI Deposits

The online casino banking department is growing as punters now want more payment options. Convenience and speed are largely demanded, and many banking methods are emerging, but not all could meet these factors.

However, SPEI stands out among the payment options, and it is being adopted by many online casinos.

SPEI speeds up interbank transactions, making it ideal for punters. And since the online banking payment gateway works similarly to bank transfers, users find it easy to use. If you want to learn more about this banking method, read on as we discuss SPEI and its usage in online casinos

Canadian Crypto Casinos Accepting SPEI Deposits

Getting Started with SPEI

SPEI stands for Sistema de pagos electrónicos interbancarios, which translates to Interbank Electronic Payment System. It is a solution devised by the Bank of Mexico to foster a better and faster movement of funds between banks. The method is also very safe, as it enjoys both encryption technology and traditional banking standard security.

SPEI started in 2004, and it has many uses, including bill payment, online shopping, and fund transfer. Meanwhile, the recent technological advancement and demand for more banking options have resulted in its integration into many online gambling platforms.

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Aside from the speed and instant payment processing time, SPEI is easy to use. While it is also safe, it has limited coverage, and the number of currencies is limited. Also, SPEI may not charge you, but the local bank you’re using may charge you for transactions.

Interestingly, SPEI does not take custody of funds, which means you don’t have to open an account or complete KYC. Provided you have a bank account, you can fund your online casino account via SPEI. Meanwhile, ensure your bank supports this online banking gateway.

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How to Deposit with SPEI at Canadian Crypto Casinos

Deposit is inevitable as far as real money online gaming is involved. You will find funding via SPEI easy provided your online casino supports it.

Meanwhile, ensure you have enough money in your bank balance before you initiate a transaction.

ёThe following steps will guide your first deposit with SPEI.

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  • Find a reliable online casino that accepts SPEI and open an account with it.
    Ensure you check the security, licensing, bonuses and other factors that will make the gaming platform enjoyable and safe.
  • Log into your new account using the credentials created while registering.
  • Head to the Banking or Cashier section to access the deposit tab.
  • Click on the deposit tab to reveal the available payment methods.
  • Locate and choose SPEI from the available banking methods.
    This will generate a reference slip, so ensure you keep the information on it safe.
  • Sign in to your online banking account and provide the details on the generated reference slip
  • Populate your deposit amount and provide other required information
  • Confirm the details of the transaction before authorizing the deposit.
    You will see the amount in your casino balance instantly, provided it is successful.

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How to Withdraw with SPEI at Canadian Crypto Casinos

Withdrawal is as vital as deposit in the online gambling industry, and players can cash out via SPEI. Interestingly, the process is easy and can be completed in a few steps.

However, you must have a sufficient withdrawable amount in your casino balance before trying to withdraw. The following steps will aid your withdrawal

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  • Visit the banking section like you did while funding your online gambling account.
  • Pick the withdrawal option to see the available methods
  • Scan through and choose the SPEI banking method
  • Enter the amount you wish to withdraw. Make sure it falls within the limit of the platform.
  • Continue your withdrawal by supplying all required details and following the instructions.
  • Check the details before submitting your withdrawal. You will receive your fund once it is approved.

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SPEI Deposits vs Standard Bank Transfers

While SPEI is not as popular as bank transfer, they both rely upon an existing bank account to operate. However, there are some differences between the two top payment methods. Check them out below

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SPEIBank Transfer
SPEI deposit has a fast processing timeDeposit speed depends on the bank and can be delayed
Keeps user’s information anonymousUser’s information is exposed
You might incur a costBank transfers are primarily free
SPEI Account opening is not neededOpening a bank account is compulsory

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Pros and Cons of Depositing with SPEI

Check out some of the advantages and disadvantages of using SPEI for your online gambling account.

In online casino analysis, considering the pros is crucial. Evaluate payment methods for security, and assess bonuses for their real value to players.
  • Fast and reliable
  • It is safe
  • SPEI is easier to use
  • Requires no account opening
  • Supports only one currency
  • Limited in many countries

SPEI Payment Alternatives

Rapid Transfer by Skrill, a leading choice in Canada, is less known but highly efficient. Our latest post delves into how Rapid Transfer works and guides you on using it for your Canadian casino transactions
CashtoCode, a fintech firm, offers secure voucher payments for Canadian online casinos, avoiding the risks of online bank detail exposure. This review covers its usage, voucher purchase, and transaction process.

Conclusion

SPEI remains one of the top brands when online instant payment is involved. Building its reputation over the years, many online casinos now allow deposits and withdrawals via SPEI.

The banking method is fast, safe, and easy to use, making it ideal for punters.

However, there is a need to spread to many nations as it is only available in Mexico. Also, more currencies are needed and transactions are not free.

You can try funding with Bitcoin or other digital currencies. They are swift, secure, easy to use, and not limited by country or currency.

FAQs

Is Deposit and withdrawal possible with SPEI?

Yes, you can fund and withdraw from your online casino account using SPEI. The processes are easy.

Is using SPEI secure?

SPEI is officially free, but your linked bank may charge you for services rendered.

Do I need to create an SPEI account to start using their services?

No, account creation is not needed to use SPEI. However, you must have a bank account.

Michael Leblanc

Michael Leblanc,
Author of CCB

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