What are the best payment methods when gambling online in Japan?
The Japanese gambling law bans most casino games but allows residents to gamble on sports like motorsports or horse racing. Online gambling is popular among Japanese citizens. They register with casinos regulated by foreign operators. Cryptocurrencies are the most attractive choice for Japanese gamblers. Monero is the least secure virtual currency. It takes 10 minutes to complete a Bitcoin transaction, while a Litecoin one only 2.5. It's important to check the list of permitted payment methods before registering with an online operator.
Credit and debit cards are reliable payment methods because they are directly connected to your bank accounts. Debit cards attract high fees for both the player and the casino. Some websites don't allow other transaction tools. If you don’t have a credit or debit card, it's important to ensure you get in possession of the funds securely.
Almost all online casinos in Japan use PayPal as a payment method. It's the most secure method as it encrypts the details and makes the transactions anonymous.
Neteller and Skrill were developed as alternatives to PayPal. They offer similar payment methods and are popular with gamblers. Neteller is the ideal tool if you have difficulties sharing bank info online. Skrrill offers little details about your payment activities and works as a digital wallet for betting deposit payments.