Fast payout casinos are not all about the players getting their payouts quickly. Most players also regard that speed as a sign of reliability and trustworthiness, a crucial characteristic for building player confidence. But when it comes to the overall experience, we consider high RTP games just as important as the processing times at the best paying online casinos.
While speedy transactions bring peace of mind, prioritizing them above all else may come with a few shortcomings. The same also applies when you prioritize high RTP games above all else. What we recommend when picking an online casino Ontario is to pick one that balances both features.
This guide will take you through what to expect at the fastest withdrawal online casinos, like those available at Bonus Legend. It will also review what it means to have high payouts. And, most importantly, we will compare both and help you make the right choice.
Understanding Fast Payouts: Speed vs. Strategy
Today, a typical fast payout online casino Canada is judged by its ability to process withdrawals instantly or within a few hours. Anything above 24 hours is considered slow by today’s standards, where instant payments have become the norm.
One thing to note is that fast payouts depend not just on the casino but also on the available payment options. As such, when considering a fast withdrawal casino Canada, you must consider how long it takes the operator to approve a withdrawal request, in addition to its payment methods.
For the payment methods, the typical options that offer fast payouts include the following:
- Interac
- Cryptocurrency
- PayPal and other e-wallets
Interac has a 90% penetration rate in Canada and is one of the leading online payment options. In 2024, it catered to 37.63% of purchases in the country, more than any other payment option. One reason it is popular among the best payout online casinos Canada is that you’ll get an instant email when the casino approves your withdrawal request. However, the actual time it takes for the money to appear in your account may vary from within an hour to a few hours.
The table below shows the typical payment methods and their processing speeds:
| Payment Method | Withdrawal Time |
| Interac e-Transfer | Within 24 hours |
| Cryptocurrency | Instant |
| PayPal | Within 24 hours |
| Skrill | Within 24 hours |
Why You Shouldn’t Prioritize Withdrawal Speed Alone
Prioritizing speed might mean missing out on other crucial aspects that contribute to the overall gaming experience. One such aspect is game selection.
When it comes to the game selection, we recommend considering both quantity and payout potential. The payout potential is even more crucial, as most fast payout casinos have a limited selection of the highest RTP slots and other high-paying games.
Another aspect is hidden fees, which may apply to faster withdrawals. Some casinos may charge an additional fee to process withdrawals more quickly.
High RTP Explained: Long-term Value for Canadian Players
The RTP (return to player) percentage represents the amount of money you can get back from a casino game over a long period. This period typically covers millions of spins (for slots) or rounds (for other games).
If you are considering the highest payout online casinos, then you’d have to look out for sites with games that offer RTPs of 96% to 99%. Top games that offer high RTPs include the following:
- Blood Suckers slot: 98%
- Single Deck Blackjack: 99.54%
- Baccarat: 98.94%
- Mega Joker slot: 99%
- Jackpot 6000: 98.9%
One thing you should note about the highest payout casino games is their volatility. The volatility could be high, medium, or low.
High volatility means that high-payout wins will be infrequent. On the other hand, low volatility means you’ll get more frequent wins, but they will be low-paying.
One last thing you should note about the games, especially in the highest payout online casino Canada, is the casino’s win rate. This rate simply indicates the casino’s profitability. And you shouldn’t use it when picking games. Instead, focus on the individual game RTP.
Why People Pick Fast Payouts over High RTPs and Vice Versa
RTPs indicate long-term returns. And for people who prefer instant gratification, waiting that long will be a challenge. They’d rather have quick payouts that gratify them instantly. As such, they are likely to focus on faster withdrawal speeds rather than even the casino with the highest payout, RTP-wise.
Those who prefer gaming for a long time would typically pick high RTPs, as it takes a while to get the potential returns from the RTP. However, playing for a long time does have its consequences. One such risk is problem gambling.
While high RTPs signify potentially high returns, we recommend building a healthy gaming habit to prevent problem gambling. A few ways you can do that are as follows:
- Set deposit limits (daily, weekly, and monthly)
- Take regular breaks from gaming (set timeouts)
- Set loss limits to minimize your losses
- Take regular self-assessment tests
Making the Right Choice
The choice of picking the highest paying online casino over one with fast withdrawal speeds and vice versa depends on a few factors. These factors are as follows:
- High-frequency vs. occasional play: If you play regularly, then we recommend focusing on the highest win rate casino sites. These sites have the best potential for returns in the long term. But if you play occasionally, then consider casinos with fast withdrawals.
- Bankroll size: Large bankroll sizes can support long-term gaming. As such, you should pick high RTP games. But if you have a limited bankroll, then pick fast payout casinos.
- Risk tolerance: High RTP games, especially games with high volatility, require high risk tolerance.
Regardless of your choice, look out for these problem gambling signs and take adequate steps to protect yourself:
- Constantly thinking about gaming
- Using gaming as a way to escape negative emotions
- Chasing losses by betting more
- Unable to set limits
Red Flags and Warning Signs: Getting the Best with Bonus Legend
A casino that promises instant payouts in Canada with no verification should be a red flag. A lack of KYC is typically an indication that the casino does not adhere to the regional rules for online gaming.
Another red flag/warning sign is featuring bogus bonuses. If bonuses are crucial to you, then consider reputable platforms like Bonus Legend when picking sites with the best bonuses.
As for gaming responsibly, we recommend using the casino’s responsible gaming tools. You can also contact helplines like GamCare, Gamblers Anonymous, and the Responsible Gambling Council in Canada.
DISCLAIMER: The information on this site is for entertainment purposes only. Online gambling carries risks, so you should only play within your means. If you’re struggling with a gambling addiction, reach out for help from a professional at the National Gambling Helpline through this phone line: 1-626-960-3500. All gambling websites and guides on this website are 19+. Check your local laws to ensure online gambling is legal in your area. Not valid in Ontario.
Check these websites for free gambling addiction resources.
https://www.gamblersanonymous.org/ga
https://www.cprg.ca/
https://www.responsiblegambling.org/