Overview of the UK Pound
UK pounds are widely used throughout the British Commonwealth, while a number of other countries peg their national currencies to the pound sterling. Although the pound is officially recognised by a select few countries and territories, many online casinos throughout the world offer UK pounds as a playable currency and they can be easily exchanged for local currencies in virtually any country.
Exchanging the UK Pound
If you intend to play in UK pounds and do not have them, you might do so directly through the casino by asking a support representative if this is possible. If so, you will be able to make your deposit with the casino using a method that is supported for your country. The casino will then convert the currency of your initial deposit into UK pounds at current exchange rates, usually without charging a fee for the service.
Another option is to turn to an independent service to buy UK pounds with your local currency. Such services include banks, some e-wallets and online exchange services. Typically, when using these services, you will be charged a certain fee, so make sure you check which services offer the best exchange rate for the lowest possible fee. This will allow you to deposit the money directly with the casino using a deposit method of your choice.
Banking with the UK Pound
Online casinos that do accept the pound may have certain restrictions in place in order to avoid losses. Since the UK pound is one of the most stable currencies in the world, online casinos may apply specific terms and conditions to prevent players from depositing in one currency and withdrawing their winnings in UK pounds. Some casinos may take another precautionary step and permit only residents of the United Kingdom to deposit money using pounds. Special casino deals such as bonuses may also have different rules for deposits made in UK pounds, so keep that in mind when poring over terms and conditions.
On the other hand, if the casino of your choice accepts UK pounds from players in your jurisdiction, you will likely find a number of different banking options available. UK players, in particular, have the most flexible and diverse set of deposit and withdrawal options around, ranging from numerous e-wallets to a host bank transfer services. Players from outside the UK have fewer options, but popular e-wallets will still be at their disposal.
Always make sure you understand the availability and fees of different cash-in/cash-out options listed at the cashier. If unsure, you can at any time contact the casino’s customer support team and seek more information.