Coindraw crypto withdrawal option for online casino players

Coindraw withdrawal option, crypto withdrawal system Coindraw

Coindraw Crypto Withdrawal Introduction

A few days ago, Coindraw came to our attention. It turns out to be a way to withdraw Crypto Currency. More specifically, it would be very suitable for online gamblers. For us, it was, even after all these years, unknown territory.

We always make it a point to inform visitors to our site up-to-date and as well as possible. This is the reason for writing this article.

So, what is Coindraw exactly, how does it work, and how can this revolutionary Bitcoin withdrawal method benefit the player? Let us explain.

Our investigation into Coindraw

When we prepare a new article to correctly inform online casino players, we start with an extensive investigation. We use Google, Bing, Ask, LCB, and even ChatGPT nowadays.

In all, we surfed for about 3 hours for useful information. Much to our surprise, we found absolutely nothing useful for our article. That was a strange signal for us.

Even with Google Images, the logo above could not be found. Finally, we found it with the help of the review of a respective online casino. So far our rocky start. What follows is a brief account of what we finally discovered about Coindraw Crypto Withdrawal.

What exactly is Coindraw?

The coindraw wallet withdrawal option is an ´in-house payment system´. And as always if players want to withdraw their winnings, they will need to meet the withdrawal requirements to be eligible for this crypto payment method. So far, so good.

This in-house crypto payment system can be used at many casino brands. It can speed up your withdrawals when cashing out your winnings.

What does it mean ´in-house payment system´

An online casino can use an ´in-house payment system´ to handle transactions and manage payments within their platform. Many online casinos prefer to have their own payment systems to have more control over the payment process and offer a seamless experience to their online players.

Online casinos can integrate such a system directly into their website or application, allowing players to deposit funds, make bets, and withdraw winnings without relying on external payment processors. This gives the casino more control over the payment flow, including transaction fees, payment methods, and security measures.

Having an in-house payment system also allows online casinos to have better visibility and control over the financial aspects of their operations. They can track and analyze payment data, manage player balances, and ensure compliance with relevant regulations and anti-money laundering measures.

Developing and maintaining an in-house payment system for an online casino involves significant effort and expertise. It goes without saying that the system must be secure, reliable, and compliant with legal and industry standards to protect players´ data and financial transactions.

How does Coindraw work?

When requesting your withdrawal in the Cashier menu, the Coindraw crypto withdrawal option will appear as a payment method along with the regular Bitcoin payment method. As noted before this option can only be used if you meet the requirements.

Simply select the Coindraw option provided, insert your withdrawal amount, and provide your wallet receiving address. You must have an active Bitcoin Wallet if you want to cash out using the Coindraw Bitcoin or other crypto payment methods.

About the ´active BTC wallet,´ most of the online casinos work with Coindraw withdrawals, refer to Coinbase. They don´t mention other options, which we find strange since there are several options to open a BTC wallet. But this is only a consideration on our part. For more information, read Online Gambling With Bitcoins.

Withdrawals with Coindraw

As already explained, we cannot provide much information. Here´s a brief attempt.

• The withdrawal method is used under the name ´Coindraw BTC´. 
• The minimum withdrawal = $50 and max $1500.
• Currency = BTC
• ID verification is needed
• Account verification is also needed
• The first withdrawal time is 24 hrs after your account verification is completed
• The average withdrawal time would be under 30 minutes

An example of a Coindraw participation online casino is Dreams casino

On their website, we found this information.

Click ´Withdraw to Wallet´ to put your winnings in your pocket within 24 hours. You can only make 3 Coindraw withdrawals per week. The maximum withdrawal limit is $1500 at a time. But with withdrawal times as fast as these, you´ll have ALL your winnings in no time.

A few more online casinos with Coindraw available are Club Player Casino, Punt Casino, Punt Crypto Casino and Sunrise Slots (not on our website). We assume there are more.

Conclusion about Coindraw Crypto Withdrawal

At the end of our investigation, we discovered that the Coindraw Crypto Withdrawal method exists for about one year approximately, if this information is correct. The company behind it would (mind you!) be based in the US.

We also found a Youtube channel, but in our opinion, this had nothing to do with our article.

We encountered complaints from players on a few well–informed platforms. Their main complaint was unpaid winnings to online players. Honesty obliges us to also emphasize here that most complaints have now been resolved. That is good news. Coindraw even admits in their answers that they have had issues with their payout system.

This brings us to our final conclusion: based on the mere fact that there is so little information available about Coindraw, we cannot recommend it. Our advice is therefore to use your regular BTC wallet and not to take unnecessary risks. There is plenty of choice!