Liberty Reserve is an e-wallet that specializes in transferring money through third parties. Unlike the vast majority of e-wallets, Liberty Reserve does not process deposits and withdrawals directly, making their system more secure. If you're interested in using Liberty Reserve to deposit into an online casino, check out any of the Liberty Reserve casinos listed on this page.
Starting out with Liberty Reserve
Before you can use Liberty Reserve to deposit into an online casino, you need to set up your own Liberty Reserve account. Liberty Reserve has one of the most straightforward sign-up processes of all e-wallets. You don't need to undergo any long verification to confirm your identity. Just visit their website, fill out the registration form, choose your password and other security codes, and log in to get started.
To add funds to your Liberty Reserve account, you will need to find a third party exchange or an individual with Liberty Reserve willing to trade. The Liberty Reserve website lists a number of different services, including rendations for the most reputable exchangers. Due to the risk of fraud, most exchangers do not accept credit cards or major e-wallet services. Popular payment methods for obtaining Liberty Reserve include bank wire, Bitcoin, Pecunix, Western Union, and MoneyGram. Make sure you choose a reputable exchanger as Liberty Reserve cannot protect you from scams.
Depositing with Liberty Reserve
Once you have some money in your Liberty Reserve account, you can use it to deposit at an online casino. Check your casino's cashier or website for information about their Liberty Reserve account. The casino should provide you with instructions on how to send these funds. Once you'veleted the transaction, make note of your transaction ID and other important information requested by the casino, and provide the information as necessary. Although Liberty Reserve transfers are instant, the casino will need some time to manually credit your casino balance. Generally, funds will be available for play within the day.
Advantages of Liberty Reserve
Liberty Reserve is easily one of the most secure e-wallet services around. Since all funds are conducted through independent third-party services, you do not have to disclose your credit card or banking information to any party at any time during a Liberty Reserve deposit. If you're concerned about identity theft, Liberty Reserve can be a good choice.
If you deposit with Liberty Reserve, you will likely be able to request a withdrawal through Liberty Reserve as well. This is generally one of the fastest withdrawal methods available in a casino cashier.
Disadvantages of Liberty Reserve
Unfortunately, Liberty Reserve has much looser regulations than most e-wallet services. In the event that you send Liberty Reserve to the wrong address, it can be virtually impossible to get a refund. For this reason, it is important that you follow the steps your casino provides you for a Liberty Reserve deposit exactly.
Finding a third-party exchanger to buy Liberty Reserve from may also be difficult, depending on your jurisdiction and your budget. Due to the flat fees charged by banks and money transfer services often used by exchangers, players who are not high rollers may find that the costs of buying Liberty Reserve outweigh the benefits.