Fast cashouts? That's a joke to me, mine took 12 hours.
This has been the topic title since 2012. I am not sure if you play on any fiat poker site, but 12 hours is incredible fast compared to them.
Since the up-rise of off-chain dice sites and other bitcoin gambling sites (after 2012) "instant withdrawals" seems normal though at many bitcoin gambling sites.
Seals chooses security (manually checking withdrawals) over these fast withdrawals though. Generally my withdrawals are faster than 12h though btw.
Yeah. Compared to fiat poker sites 12 hours is instant.
As a US player on fiat poker sites you might get one free check withdrawal per month. After that you have to pay, around $50+.
In order to get a withdrawal you will have to give them copies of your ID, credit card, and bank statement.
Then you have to wait for the check in the mail, somewhere between days and weeks.
Then you have to deposit your foreign check inside the bank, and hope that the teller doesn't send it to collections... meaning weeks more waiting and another fee.
Even if the teller accepts the check and credits your account you have to hope the processor's account isn't frozen and your check doesn't end up bouncing.
And that all assumes the site actually has your money and is processing withdrawals... see Lock Poker
So... unlimited, anonymous, free, irreversible withdrawals delivered in under 12 hours is amazing for the poker world.
I can understand 12 hours seems slow to people used to bitcoin gambling.
Maybe the new bitcoin poker sites will make instant withdrawals work... but Seals has a proven record. They've been around for years and haven't had funds stolen.
I'll gladly take up to 12 hours to have withdrawals manually processed than to get Goxxed and have a site say "whoops, we lost your money".