Most online poker players focus so much on trying to get funds onto a poker site that they overlook withdrawal procedures. Some poker sites have unnecessarily long wait times and procedures for cashing out your earnings. In fact, players have reported waiting as long as 3 – 4 weeks for payments.

Our goal with this page is to provide you with a list of the top poker sites with the fastest cashouts.

Fortunately, some really good online poker sites offer fast withdrawals and easy cash-out procedures. We’ve outlined the list below as well as provide a full comparison chart for you to be able to see what options are available to you and at what cost. Our list of the fastest paying poker rooms offer you the following:

  • Fast processing times and quick delivery of funds
  • 24/7 customer support, including the ability to live chat with an agent
  • Ability to deposit using Bitcoin or other cryptocurrencies
Australian money in a jean pocket

Ignition Poker - Fastest & Cheapest Option is Bitcoin

Ignition Poker is another poker room that has grown in popularity over the last few years because of their willingness to serve Australia, the United States and other areas where it is hard to find legitimate online poker sites.

Due to regulations in Australia, options for cashing out are also limited at Ignition. The only options for cashing out are via Bitcoin or a check by courier. If you choose to have a check delivered by courier, Ignition will send a check to your home by courier service, and you must be home to sign for the check when it arrives. It may take up to 10 business days to receive a check by courier.

Your other option will be to have your funds sent to you by Bitcoin. Just enter your Bitcoin wallet receive address, and you will have your funds shortly after the processing period.

Note that all withdrawals have a 24-48 hour processing time, but there do not appear to be any restrictions on weekend deposits. Also, you may only request one withdrawal every 90 days using Check by Courier. Additional requests will be honoured but at a fee of $100 per withdrawal.

Using Bitcoin and Cryptocurrencies to Play Online Poker

You’ve noticed that the only payment option common among Australian sites is Bitcoin. Bitcoin is the premier cryptocurrency, which is a currency that operates and transmits via a blockchain. The currency’s value fluctuates based on current trading at exchanges around the world.

The reason behind the popularity of Bitcoin as a deposit option at online casinos and poker rooms is that there are few regulations behind the use and transmission of cryptocurrencies. Also, the transfers of cryptocurrencies are lightning-fast, often completed and verified in a few minutes. If you do not already own Bitcoin, you can look up online how to acquire Bitcoin and a Bitcoin wallet.

To make a deposit, send the amount of Bitcoin you wish to gamble with to the Bitcoin wallet address provided by the casino. Once the transaction has gone through a set number of confirmations, the deposit is available to use. This confirmation process often takes a few minutes to complete.

When you’re ready to cash out using Bitcoin, go to the Cashier section, select to cash out using Bitcoin and enter the recipient address of your Bitcoin wallet. Unless your casino has a processing period, your payment will fully hit your account within a few minutes.

Some sites may accept other forms of cryptocurrencies such as Litecoin or Ethereum. The process for depositing is similar to the exception you will have to download and use a wallet made for that currency.

laptop with bitcoin falling out of it

What is KYC Compliant and Why is it Important?

Back in 2007, the government passed a law to combat money laundering that requires online gambling sites to collect KYC or Know Your Customer, data from anyone gambling online. This law requires that sites verify personal information to prevent criminals from sending money through gambling sites to finance criminal activities.

Also, this Australian Gambling law helps to provide an additional level of security to help provide identity theft and fraud at casinos. Sites that do not require customer verification are often unlicensed and unregulated sites where customers risk losing their money at any point the casino decides to close and run off with player funds.

So what does this mean for players? This means that your data will need to be verified with an online poker site before you’re able to cash out from that site, even for Bitcoin transactions. You will have to provide proof of your name, date of birth and your residential address.

To prove your name and date of birth, you can use any of the following:

  • Australian driver’s license
  • Australian passport
  • Australian proof of age card
  • Birth certificate
  • Australian citizenship certificate

For proof of your residential address, you will need one of the following:

  • Australian driver’s license
  • Utility bill issued within the last three months
  • Notice of council rates issued within the previous 3 months
  • Notice of tax assessment from Australian Taxation Office issued in the previous year

The information on these documents must match what you provide the online poker site, or you will not be verified. We recommend that you begin the verification process with your online poker site right after you deposit so that you won’t experience delays in processing any future withdrawals.

Frequently Asked Questions about Cashouts

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