The Chinese yuan is a unit of renminbi, the official currency of China. The official international abbreviation for yuans of renminbi is CNY. Since China is one of the fastest-growing economies in the world, Chinese yuans are seeing a great surge in use internationally, especially in online gaming. Refer to the list on this page if you would like to play at an online casino that uses Chinese yuans.
Overview of Chinese Yuans
Although the proper term for China’s currency is “renminbi”, “Chinese yuan” is often used instead. Modern yuans have been a part of China’s economy since the early 20th century and have rapidly grown into one of the most important international currencies. Yuans have even become unofficial currency in some parts of Mongolia and Burma. To accommodate this growing market, several online casinos now offer CNY banking options.
Exchanging Chinese Yuans
If you want to play at a Chinese yuan online casino but do not use yuans as your primary currency, you may be able to purchase them from an exchange service. However, you should first check to see if the online casino offers games in your local currency. If not, double-check to make sure the casino accepts players from your country. Then ask if they can automatically convert your currency to yuans, or for recommendations for an e-wallet or payment service that will.
If you live in China and have found a casino that does not accept Chinese yuans, you will likely find that the casino does not allow registrations from China. However, if they do, you may be able to use an e-wallet, online exchange service, or local bank to convert your yuans into a currency accepted by the casino. It is usually a good idea to start by asking casino support.
Banking with Chinese Yuans
Depositing with Chinese yuans can be done through a number of methods. These will vary by casino, but most sites will allow you to deposit with credit cards, bank transfer services, or a number of third-party e-wallets. Before choosing a method, make sure you understand the fees associated with it and whether or not deposits will clear instantly.
Chinese yuans can be withdrawn through bank transfers and e-wallets listed in your casino’s cashier. Not all options in the cashier support yuans, so it’s important to make sure that the method you choose supports the currency. Also make sure you understand any fees that will apply, along with the timeframe in which you can expect to see your money.
To prevent unnecessary delays, you should inquire with casino support if you have any questions before making your first deposit. While seeking assistance, make sure to specify whether or not you live within China, as this will affect the methods that are available to you.