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The UK online casino industry is by far the best regulated in the world. Laws here are clear and due to the strict rules, players enjoy maximum security. To add to that, the UKGC, which is the regulator of the industry, is one of the most respected across the globe.
Many of the best gambling sites globally are based in the UK and they provide customers with tons of great services. This article will reflect on secure platforms where you can withdraw as much as £5,000 per day.
The name itself suggests that £5,000 casino sites are UK gambling operators in which the maximum daily cashout limit is £5,000. You can use various payment methods to cash out funds. However, one of the restricted options is credit cards.
After finding out that credit cards may provoke problem gambling, the UK Gambling Commission decided to ban them in 2020. At the time, research showed that around 800,000 players used them for depositing and withdrawing money. The good news is that even though this option is unavailable, there are plenty of alternatives:
Making a withdrawal at £5,000 daily cashout casinos UK is rather simple. There are just a couple of steps that you need to complete after you register an account.
According to the Gambling Act 2005, you can only play at online casinos if you are over 18. Casinos with £5,000 daily withdrawal limits must respect these rules as well. To confirm that you are of legal age, you must verify your account.
In most cases, British gambling sites will ask you to confirm your identity right after you register. You will likely have to send photos of documents such as ID (front and back), utility bill in your name and proof of address. The gambling site will not allow you to cash out any funds until you do this.
It is a well-known fact that UK gambling sites provide players with tons of bonuses and promotions. Each promo has certain terms and conditions that you must meet. These include wagering requirements, validity period, eligible games, etc.
If you happen to win real money with bonus funds, you must meet all specific T&Cs before you can cash out. Make sure you do so within the specified timeframe.
Once you verify your account and meet bonus terms, you can proceed to step number 3. Log in to your account and visit the cashier’s section. There are two menus here – deposit and withdraw. Since you’re looking to cash out funds, you need to click the latter.
As we mentioned earlier, each licenced online in the UK features numerous payment methods. Choose one that meets your personal preference. Remember that many operators’ rules state that you can use one method for both deposits and withdrawals. So, if for example, you chose PayPal for deposits, you can only use that option for withdrawals as well.
Enter the amount that you wish to cash out. Make sure that it is equal to or higher than the minimum allowed limit. Confirm the transaction and wait for the casino to process the request. If you want to cash out more than £5,000, you will have to do it in 2 or more consecutive days.
Every operator that offers its services to British players has certain advantages and disadvantages. The case with £5,000 daily cashout sites is no different. We want to give you both sides of the story. That is how you can determine whether you should register here and play. The pros and cons will allow you to figure out if these types of casinos meet your preferences or not.
Processing Periods and Factors That Influence Speed At £5,000 Daily Withdrawal Casinos
The processing time for withdrawals usually depends on the payment method that you are using. E-wallets are often the most efficient solution as casinos will process and send the funds within 48 hours. Bank transfers are slow as they take up to 7 business days.
Debit card withdrawals take around 3-5 business days and prepaid vouchers are similar to e-wallets. A few extra factors that may influence the processing speed for your withdrawal include:
Allow us to explain the bulleted list. Usually, UK casinos will need a lot more time if you’re withdrawing large amounts of money. Next, VIP players experience several benefits, including faster withdrawal speeds. So, the processing speed will depend on your status at the operator.
When you’re verifying your account, make sure that the information that you supply is correct. Verification teams take around 72 hours to review the files. If some of the data is incorrect, you will have to re-do the whole process and that will slow down the withdrawal time.
Finally, we advise you to use a withdrawal method that is in your name. Most operators will not even allow you to cash out to a method whose holder is not you. Those that support these cashouts usually need more time to process the transaction.
Casinos that hold a valid license from the UK Gambling Commission are safe. You are more than welcome to use their services and cash out as much as £5,000 per day.
Some £5,000 daily withdrawal gambling sites offer instant cashouts, some don’t. It all depends on the policies of the casino and the payment method that you’re using.
UK casinos offer a variety of methods that you can use to withdraw. The list varies from one operator to another. The only method that you cannot use per UK law, is credit cards.
Yes, the stated maximum daily withdrawal limit is pretty high. As a result, these platforms are more than a good pick if you are a high roller.
