Many online gamblers are looking to Jeton to deposit and withdraw to and from their casino accounts these day. This is our guide to Jeton Casinos and what you can expect from this more recent addition to online casino payment solutions.
We will take a look at exactly what Jeton is, who they are, how the process works, and the pros and cons of using Jeton as your chosen payment method when online casinos accept Jeton.
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Are you looking for an e-wallet solution to use when you’re gambling online for real money? Many players today are using Jeton casinos. Let’s take a closer look at what this payment solution is, how it works, and why people might want to consider it for their online gambling transactions.
What is Jeton?
Jeton is an e-wallet, sometimes called a digital wallet. Ultimately, you can think of an e-wallet as a debit card. It’s a way to securely make a payment online through a Jeton account. You can also receive money in your online account. The account can be linked to your bank account or a Visa card. Jeton can be used on a computer or on a mobile device.
Jeton was founded in the United Kingdom as a privately held financial company in 2016. They work with merchants and consumers to use their e-wallet product for transactions. They’re particularly popular with online retail sites and Jeton casinos, where consumers want a safe and secure method for their transactions.
How Does Jeton Work?
Customers sign up for a free account on the Jeton website. They can then use the Jeton app on their mobile device or login on their browser to use their account. You will need to fund your Jeton account in order to use it to make payments.
When on an online casino website, gamblers select Jeton from the payment options. They can then login to their digital wallet account and confirm they want to perform the transaction.
You can think of this account functionally as a debit card that you use online. It can be funded using your online bank account, cryptocurrencies, or a visa card. You can withdraw money from your Jeton wallet account using an online bank account in select countries or using one the approved cryptocurrencies.
Using Jeton To Fund Casino Accounts in Different Countries
Jeton is currently available for customers in over 75 countries, including the United Kingdom and countries across Europe, Africa, Asia, South America, and the Middle East. Their website operates with over 50 currencies.
Globally, customers can open Jeton accounts. Visa cards or cryptocurrency can be used to make deposits into a Jeton account to fund an online casino account. Currently, Jeton works with the following cryptocurrencies: Ripple, Ethereum, Bitcoin, Tether, Litecoin, Bitcoin Cash, and Dogecoin.
Jeton accounts are mainly used by customers within the 75 countries where users can make deposits and withdrawals to their Jeton accounts using their online bank accounts.
Benefits of Using Jeton for Online Casino Transactions
Why do people choose Jeton casinos? Those who are familiar with the payment methods at online casinos know there are many options available. You can simply use your Visa card or perform a direct wire transfer. Why are there so many options now?
One main reason people like to choose different options is for online security. They like to use the method that keeps their data safest. Some gamblers are also looking for payment methods that work best in their home country with their bank accounts.
In the case of Jeton, there are a few main pros and cons for online casino transactions. Let’s take a closer look at how this option stacks up for bettors.
The Advantages of Using Jeton For Online Casino Transactions
Another layer of protection for your online transaction
While you always want to use online casinos that you trust, using a Jeton account is another layer of protection for your online banking information. Instead of giving your credit card or bank information to every online casino you play at, you only give it to the e-wallet site. The online casino only sees your Jeton account. This helps keep your private financial information more secure.
Multiple currencies are used within your Jeton account
If you’re playing at an online casino in a currency different from your own, you can exchange your currency within your Jeton account before transferring it to your bank. You can exchange cryptocurrency within your Jeton account as well.
Multiple payment methods in one account
To be clear, Jeton can only be connected to online bank accounts in certain countries, a Visa card, and cryptocurrency accounts. That’s not many options for some people. However, it still means you can fund your digital wallet from any of those payment methods and then use that money to fund your online casino account. You can also withdraw money from your casino account to your Jeton wallet and then split your winnings to multiple bank accounts connected to your Jeton account or to your cryptocurrency accounts.
You can use this as an e-wallet for your cryptocurrencies
If you are using online casinos that don’t accept crypto payments, you can use your Jeton wallet to gamble with money from your cryptocurrency accounts. The company only recently began using cryptocurrency payments. You can exchange cryptocurrency within your Jeton account to other currencies. The digital wallet currently works with Tether, Litecoin, Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, and Ripple.
You can use Jeton for deposits or withdrawals from an online casino
When performing a withdrawal, this will bring the money into your Jeton account. If you want it into a connected bank account, you’ll have to do that in a second step.
It’s free to send and receive money into the account
There are no fees from Jeton for using your account at online casinos. You’ll need to check that the casino itself doesn’t charge a fee, though most don’t.
You can give yourself an allowance
If you’re looking for an easy way to track and manage how much money you’re using at online casinos, Jeton may be a helpful way to do this. You’ll only ever spend as much money as is in your e-wallet balance.
The company is secure and regulated in the United Kingdom
The Financial Conduct Authority (FCA) in the UK is regulating Jeton, so there’s more security when trusting this online payment solution.
They have live chat support
Their customer support is available 24/7 for users.
The Disadvantages of Using Jeton For Online Casino Transactions
There are not a lot of Jeton casinos presently online
While this will likely grow in the future, there just aren’t a lot of sites where you can currently use this payment method. If it’s important to you to use this e-wallet solution, you will want to specifically look for sites that accept it for deposits and withdrawals before deciding where to gamble.
The verification process takes a little time
When you sign up for a new account, you’ll need to go through a verification process before you can payout money from your Jeton account. This verification process is a compliance measure they’ve taken to follow the laws of the United Kingdom to prevent money laundering and counter-terrorism financing. The verification process typically takes around twelve hours if everything goes smoothly.
To become verified, you’ll need to submit identification, proof of your address, and your telephone number and residential address, which will need to match the address on your proof of address documentation.
Jeton does not have many different methods for loading money into your account
You can connect your Jeton account to a bank account in select countries. You can also connect your Jeton account to a Visa credit or debit card. Recently, the company has made it so you can now connect Jeton to your cryptocurrency accounts, which has widened their options up.
Signing Up for a Jeton Account
In order to use Jeton, you’ll need to sign up for an online account. You’ll then be able to use the service as an app on your mobile device or by logging into the website on your computer’s browser.
When you visit the Jeton website, you’ll see a sign-up button in the upper right corner. They will ask you to submit some of your information on an online form, like your phone number, email, name, and birthday. This will create an online account for you, but to use Jeton with your bank account and be able to withdraw money into your bank account, you will need to have your account verified. This process will include submitting documentation to prove your identity and proof of address.
In order to fund your Jeton wallet, customers globally can use a Visa card. Customers in select countries can connect their accounts to a bank account, which they can use for deposits and withdrawals into their Jeton wallets.
You can also use cryptocurrency to deposit money into your Jeton wallet. Currently, you can use Ripple, Ethereum, Bitcoin, Tether, Litecoin, Bitcoin Cash, or Dogecoin as crypto options for Jeton.
Depositing and Withdrawing Casino Funds with Jeton
Yes, you can deposit and withdraw funds at approved online casinos using Jeton. The withdrawal speed will depend on the casino but is often instantly transferred between the online casino and your e-wallet. Therefore, sites with Jeton as an option will be fast withdrawal casino sites, so long as you deposit and withdraw via the e-wallet. Withdrawing the funds from your e-wallet to your online bank account may take up to 24 hours.
You can check your online casino websites payment page to verify how long the casino typically takes to withdraw funds to a Jeton account.
Are there any fees using Jeton?
It is free to sign up for an account and use it to deposit and withdraw funds to your accounts at Jeton casinos. You will want to check with the casino itself to be sure they aren’t charging any fees.
Transferring funds to your bank account is also free using Jeton.
When you use your e-wallet account to withdraw funds to a cryptocurrency account, there is a 1% fee charged on Jeton. Depositing money into your Jeton account using cryptocurrency is still free.
Is Jeton Safe, Secure?
Yes, this is a safe and secure e-wallet solution. This is one of the reasons many people choose to use this service. It is regulated in the United Kingdom by the FCA which has strict laws to prevent fraud. They are following protocols for verification that help secure this.
When gamblers use this payment method at Jeton casinos, they’re able to avoid giving the website their personal banking information. In this way, Jeton provides another layer of security for the online transaction.
Conclusion – Best Jeton Casinos
Many digital wallet sites are tailored to meet the needs of a specific region or country. Jeton is an e-wallet being used with online bank accounts in over 75 countries, and with cryptocurrency and Visa cards globally.
It’s a secure banking method for online casino transactions, where consumers can avoid giving their personal financial information to the casino site. This is one more way gamblers are protecting themselves from fraud online.
With Jeton now using cryptocurrency options, it’s likely going to become a more popular e-wallet solution, though at this point there aren’t many casino sites using it. For those who like this digital wallet for protecting their information, exchanging currencies, and using one account to save all their different payment methods, Jeton has proven to be a popular choice.