Ico Involve – DIgitized Betting and Gaming Future

April 6, 2024

The Legal Landscape of Crypto Gambling: What You Need to Know

Eija Järvinen

Cryptocurrency, gambling

As the popularity of crypto gambling continues to rise, questions about its legality and regulatory framework have become increasingly important for players and operators alike. While the decentralized nature of cryptocurrencies offers benefits such as anonymity and security, it also raises concerns about compliance with existing gambling laws and regulations. To navigate the legal landscape of crypto gambling effectively, it’s essential to understand the regulatory challenges faced by even the best crypto casinos in different jurisdictions and how players can ensure they are participating in legal and compliant activities.

Regulatory Challenges

One of the primary challenges facing crypto casinos is the lack of clear and consistent regulations governing their operations. While some jurisdictions have embraced cryptocurrencies and blockchain technology, others have imposed strict regulations or outright bans on crypto gambling activities.

In some countries, crypto gambling falls into a legal gray area, with existing gambling laws not specifically addressing or regulating activities involving cryptocurrencies.
Regulatory bodies are still grappling with how to classify and regulate crypto gambling, leading to uncertainty and ambiguity for both players and operators.

Legality of Crypto Gambling

The legality of crypto gambling varies from one jurisdiction to another and depends on factors such as local laws, regulations, and enforcement practices. While some countries have embraced cryptocurrencies and legalized crypto gambling, others have imposed strict regulations or outright bans on such activities.

Players should research and understand the legal status of crypto gambling in their respective jurisdictions to ensure compliance with local laws and regulations.
It’s essential to be aware of potential legal risks and consequences associated with participating in crypto gambling activities in jurisdictions where it may be prohibited or restricted.

Compliance Measures

To operate legally and responsibly, crypto casinos must adhere to applicable laws and regulations governing gambling activities, including Know Your Customer (KYC) and anti-money laundering (AML) requirements. These compliance measures help to prevent fraud, money laundering, and other illicit activities while protecting the integrity of the gambling industry.

Crypto casinos may require players to undergo identity verification and provide documentation to comply with KYC and AML regulations.
By implementing robust compliance measures, crypto casinos can demonstrate their commitment to operating transparently and ethically within the bounds of the law.

Ensuring Legal and Compliant Activities

To ensure they are participating in legal and compliant crypto gambling activities, players should take proactive measures to educate themselves about relevant laws and regulations, conduct due diligence on crypto casinos, and exercise caution when engaging in gambling activities involving cryptocurrencies.

Players should research the legal status of crypto gambling in their jurisdiction and consult legal experts if necessary to ensure compliance with local laws and regulations.
It’s essential to choose reputable crypto casinos that are licensed and regulated by reputable gaming authorities and adhere to industry best practices for security, fairness, and responsible gambling.

Conclusion

In conclusion, navigating the legal landscape of crypto gambling requires a thorough understanding of relevant laws, regulations, and compliance measures. While the decentralized nature of cryptocurrencies offers benefits such as anonymity and security, it also presents challenges in terms of regulatory compliance and legal uncertainty. By staying informed, conducting due diligence, and exercising caution, players can ensure they are participating in legal and compliant crypto gambling activities.

Tags: Crypto gambling, Legal landscape, Regulatory challenges, Compliance measures, Know Your Customer (KYC), Anti-money laundering (AML)

March 29, 2024

Illegal Betting Sites In Turkey Remain Popular Despite Government Ban

Ari-Pekka Sundqvist

Crypto & Hazard, gambling

No Comments

Turkish Gambling Laws clearly state that gambling in any form, including online gambling is prohibited, albeit illegal betting sites (kaçak bahis) continue to operate. Apparently, online gamblers in the country rely on curation websites in looking for and finding the best online betting sites accessible to Turkish punters.

Although the Turkish government implemented measures that bar offshore online gambling websites from offering their betting products and options within the country, modern day technology makes it possible for such operators to accept gamblers from any country.

Easy Account Opening Method and Popular Deposit-Withdrawal Options

As a matter of fact, the so-called illegal betting sites are making it easy for Turks to register as members so they can open a gambling account. Anyone who wants to register can do so without the need to upload identification documents as proof of identity. Registrants need only to provide an email address and mobile phone number.

Once an account has been opened, the new member can deposit money to be used for gambling at the site. The good news is that the so-called illegal sites process deposits and withdrawal via different options popular in Turkey: such as Papara, Cepbank, money transfers and credit cards.

Papara is highly recommended because it is capable of processing fund transfers to e-wallets or banks in over 70 countries: including the US, the UK, Canada and European Union member countries. ,
Actually, many Turkey-facing online gambling sites are recommended by review websites that also curate and select based on offers of high betting odds and the most lucrative bonus offers.

Cryptocurrency as Gambling Money in Offshore Betting Sites

Cryptocurrency was initially banned as a payment method by the Turkish government during a 2021 announcement. Yet there seems to be a complete turn around because the most recent announcement is that the government plans to regulate and impose taxes on crypto money. starting 2024.

This denotes that if you are looking for a betting site that accepts a player willing to use his crupto money for betting, continue looking for crypto gambling sites as you’ll likely find one. Bear in mind that when using crypto money, the converted deposit value of the digital money will be based on an established price index.
That same price index will also prevail as the conversion rate in computing the equivalent Turkish Lira value of a withawn amount.

The reason why Türkey shifted its position toward regulating and imposing taxes on cryptocurrencies is based on statistical reports that the country currently ranks fourth in terms of cryptocurrency transactions. That being the case, it does not come as a surprise if online betting sites are among those that accept crypto money as deposit.

After all, the confidentiality attribute of blockchain transactions is quite useful when needing to enhance one’s anonymity when betting in gambling sites.

May 27, 2023

The Collision of Crypto and Hazard

Klimor Napos

Crypto & Hazard

No Comments

One of the notable platforms that has emerged in the world of cryptocurrencies is SLOT88. The game leverages the power of blockchain technology to offer a secure and transparent environment for online gambling and betting enthusiasts. By integrating cryptocurrencies as a means of transaction, it ensures quick and efficient cross-border payments, eliminating the need for intermediaries and reducing associated fees.

Cryptocurrency does, however, come with its own share of risks and hazards, which users and investors should be aware of as with any revolutionary invention.

Riding the Digital Assets Rollercoaster

Cryptocurrencies are notoriously volatile. Bitcoin, Ethereum, and other digital assets can fluctuate quickly. This volatility gives traders and investors great opportunities but also substantial risks. Market manipulation and price drops can cause major financial losses. Entering the crypto market requires care and research.

Protecting your Online Assets

Cryptocurrencies’ decentralization provides anonymity and security. However, internet threats and hacking remain. Users must be proactive to protect digital wallets and private keys. Malware, ransomware, and phishing can cost money. Hardware wallets, two-factor authentication, and being vigilant can reduce these risks.

Getting Through the Legal Maze

Cryptocurrency laws are continually evolving. Governments disagree on digital asset legitimacy and regulation. Investors and users must grasp these criteria for compliance and protection. Lack of regulatory clarity can lead to ambiguity and legal implications, therefore it’s important to know your jurisdiction’s laws.

Recognizing Red Flags

Unfortunately, cryptocurrency fraud is rampant. Pyramid, Ponzi, and ICO scams have duped investors. To avoid such scams, be wary of red flags including excessive profit claims, a lack of transparency, and pressure to spend soon. Due diligence and trustworthy suggestions help reduce these hazards.

The Negative Aspects of Crypto Trading

Low liquidity and lack of regulation make cryptocurrency markets susceptible to market manipulation. Spoofing, wash trading, and pump-and-dump methods are used by crooks to manipulate prices. Traders and investors need reliable information to make smart choices. One must understand market dynamics and recognize suspicious trading patterns to survive this risky climate.

As crypto and danger become increasingly apparent, anyone entering the digital frontier must be prepared. Identifying and mitigating cryptocurrency risks can help investors and users maximize this groundbreaking technology. Understanding the crypto environment, using robust security measures, and keeping up with regulatory changes can make crypto travel safer and more rewarding.

April 14, 2023

The Benefits Of Crypto Online Slot Gambling

Kethas Palkar

Crypto & Hazard

No Comments

Crypto gambling offers many advantages over traditional gambling. With crypto gambling, players can enjoy a secure and anonymous gaming experience. They can also have access to faster payments and more convenient withdrawal options. Moreover, crypto gambling sites such as online slots (https://www.gambling360.com/online-slots/) offer a wide variety of games and bonuses that can attract new players and retain existing ones.

Crypto gambling sites generally offer better odds and more attractive payouts. Some crypto gambling sites offer daily prize pools that are much bigger than the average, meaning players have more opportunities for winnings. With so many benefits, it is no wonder that crypto casinos were some of the earliest platforms to offer cryptocurrency as a form of payment. These games are great for people who would like to try their hand at betting but do not want to leave their crypto at risk by using fiat currency.

What is crypto gambling and how does it work?

Crypto gambling has become popular in recent years due to its convenience, anonymity, and security. It works in a similar way to traditional online gambling, but with the added benefit of using cryptocurrencies instead of fiat money.

Crypto gambling is a revolutionary new way to gamble online. It utilizes blockchain technology to provide an anonymous and secure platform for users to deposit, bet, and withdraw funds in the form of cryptocurrency. Unlike traditional methods, users are able to play without having to disclose their identity or personal information. Crypto gambling provides numerous advantages such as faster transactions, more transparency in the process, and greater security for all players. Gambling with crypto is a new way to experience the thrill of winning and the joy of losing.

What are the risks involved with crypto gambling?

There are some risks involved with crypto gambling, such as the risk of losing your funds due to hacker attacks or scams. Additionally, crypto gambling sites may not be regulated or licensed in the same way as traditional online casinos, which can put your funds at risk. It is also important to be aware of the volatility of cryptocurrencies. This can cause significant losses if you are not careful. Therefore, it is essential for crypto gamblers to be aware of these risks and take steps to protect themselves before engaging in any type of crypto gambling activity.

June 15, 2021

What to Know before Investing in Crypto?

Klimor Napos

Crypto & Hazard, Cryptocurrency

No Comments

Between cameos of Dogecoin on US TV as well as the ever-growing popularity and acceptance of Bitcoin on Wall Street, cryptocurrency is starting to reach a broader audience than before. Prices are skyrocketing and definitely temps newcomers to invest without actually thinking it through. Just a little thought, investing in Bitcoin or cryptocurrency, in general, is synonymous with gambling like in Mega888.

It is imperative to know what you are doing, understand the concept of the game, or in this case, the investment you are about to make, and learn how to control your emotions. Of course, on top of that, you need to have discipline in everything you do.

A General Consensus in Cryptocurrency

Whether you are a newbie or pro, you definitely know someone who is curious enough about cryptocurrency after reading it online or hearing it on TV. If you or you know someone who is interested, let them know about the following first.

Only Invest the Money You Comfortable to Lose

Cryptocurrency is just riskier compared to other forms of investment. There’s no guarantee into it aside from its volatility. In addition to that, it is unregulated. The prices of every coin wildly swing every minute. While the market basks in bull runs, it endured protracted and even painful corrections.

Perform thorough Research

Before investing a large sum of money in crypto, you’ve got to spend hours after hours of research. This is the only way that you can better understand the risks and value proposition. Read everything that you could about this topic. After all, there are lots of sources that you can use such as the “Learn Section” from CoinDesk.

If needed be, check out developer mailing lists and community forums. Subscribe to podcasts, scan the internet, and everything you can do to expand your knowledge in cryptocurrency.

Resist the Fear of Missing Out

If the sole reason why you are investing in something is just to avoid the feeling of missing out, then it is best to pause and take a break. Fear of missing out or FOMO as what others call it is a surefire way of destroying whatever wealth you might have accumulated throughout the years. In cryptocurrency, you need to know what you are buying.

Investing in cryptocurrency is a combination of the tips mentioned in this article. You don’t have to rush as there are many opportunities that you can take. Once again, this would be possible if you have done in-depth research.

May 1, 2021

How Cryptocurrency Affects the Online Gambling Industry

Åke Inberg

Cryptocurrency

No Comments

Blockchain technology has been integrated into several industrial businesses, along the internet gaming industry is the most recent to have been eased by this technology.

In reality, cryptocurrency is turning the gaming industry upside down. Bitcoin is increasingly used to create both withdrawals and deposits from online casinos, both directly, or via providers such as Skrill and Neteller.

There are a lot of explanations for why those cryptocurrency casinos are popular. Here we’ll outline just a number of them.

The Advantages of Cryptocurrency Casinos for Gamers

Among the principal advantages of deciding on a cryptocurrency is this form of gaming offers total privacy. Players participate anonymously, permitting them to concentrate only on the manner their sport progresses instead of what players can or can not view of their advancement.

What is more, blockchain tech ensures the safety of internet casinos. As anybody acquainted with blockchain technology will probably understand, all transactions completed during the match are going to be listed and subsequently delegated their very codes.

If you are fortunate enough to win? Afterward, your funds could be moved into your very own digital wallet and used for additional cryptocurrency trades, or converted to money without being bound into some bank or bank.

This reduces any trade fees being implemented to your own earnings. Bitcoin gets the advantage over other cryptocurrencies within this arena since it’s readily divided into smaller bits; little bets are a breeze to put on specific games, like low-stakes poker, making this especially attractive.

Baring all this in mind, it’s simple to see why cryptocurrencies are popular for their players that frequently enjoy online casino gambling.

ALSO READ: Crypto Casinos Are Trending Due To COVID-19

Can Be Cryptocurrencies and Online Matches that the Great Match?

Most commentators perceive cryptocurrencies and internet casinos as quite a match made in paradise. Due to mobile technologies making the internet casino industry a great deal more mobile, online casinos have just become ever-popular, together with fans around to participate whenever and where they want.

Cryptocurrencies have provided an exceptional selling point for several internet casinos, bringing a new client base and several casinos provide special advantages and provide that other kinds of classic currency simply can not compete with.

Another intriguing component of the game between cryptocurrencies and internet casinos is a number of countries don’t recognize several cryptocurrencies as a legitimate type of money; this usually means that for several online casino lovers, they’re not really gambling with real money but finally could convert and create profits in actual money should they win.

In addition, this is helpful to the casino, like a casino just offers cryptocurrency gambling, they’re not regarded to be gambling in money and so traditional gaming regulations do not apply. It is an interesting strategy and one which may interest many.

Cryptocurrency casinos are a part of this electronic era, and they’ve won the hearts of an assortment of internet casino lovers.

The simple fact is there is not any space for coin and paper commodities within this electronic era, so we’re certain to view cryptocurrency and casinos like https://www.starshelper.net/ are still working together in synergy.

October 17, 2020

Land Based Casinos Facing Slow Developments, More Restrictions On Online Casinos

Eija Järvinen

gambling

No Comments

The casino hotel Encore on the Strip in Las Vegas is responding to lower visitor numbers with changed opening times. This was announced by operator Wynn Resorts on Tuesday. Recently, hotel guests can only check-in for a long weekend. The casino is also temporarily closed.

According to management, the hotel and play areas of the Encore are to remain closed to the public from Monday lunchtime to Thursday afternoon until further notice. The Wynn Poker Room, which was only reopened on September 30 and is also located in the Encore complex, is meanwhile moving to the neighboring sister resort of Wynn Las Vegas. Here the operator is sticking to its 24/7 offer.

The reason for the decision to adjust the opening times of the Encore is the lower number of overnight stays in the gaming city. In particular, the trade fairs and major events that were canceled due to the COVID-19 pandemic seem to have a major impact.

Restrictions in other casinos too?

David Schwartz, a gambling researcher at the University of Las Vegas, believes that other resorts in Las Vegas could follow the Encore’s lead. In particular, operators who have several locations should try to reduce their operating costs through restricted opening times.

Nevertheless, Schwartz told local media, the temporary decision by the Wynn management did not mean undue cause for panic: Las Vegas, according to the researcher, is a place of longing for many people. Even if the time cannot yet be foreseen, he has no doubt that the glittering metropolis will find its way back to its old form.

Shift to Online Casinos

With the land-based casinos facing strict regulations and slow progress due to the (still ongoing) fight against corona, people are shifting to online casinos like xe88. But more regulations are being introduced to further protect the people from too much gambling.

UK Wagering Limits

An example would be the Wagering Limits imposed by many governments on Online Casinos. The UK Gambling Commission (UKGC), the UK’s gambling supervisor, could introduce fixed betting limits of GBP 2 (approx. EUR 2.4) for online gambling from August 2020.UKGC boss Neil McArthur announced this in a speech to the Gambling-Related Harm All-Party Parliamentary Group (APPG).

The APPG had already requested in November 2019 to introduce a stake limit for online gambling, which should be based on the stake maximum of the land-based fixed-odds betting terminals. Since April 2019, a maximum of GBP 2 per game round can be used on the devices.

Why Online Casinos Are Becoming More Popular Than Land Casinos

October 9, 2020

Cryptocurrencies Are Changing The Online Gambling World

Eija Järvinen

Cryptocurrency, gambling

No Comments

Cryptocurrencies such as Bitcoin are increasingly finding their way into online gambling – the first online casino with its own cryptocurrency has now opened. Slowly, we will be seeing how cryptocurrencies will change the online gambling world. Cryptocurrencies are only one of the possible uses of the so-called blockchain technology.

The technology

Blockchain makes it possible to decentralize transactions between individual transaction participants via a global network using complicated mathematical computing protocols. This means that intermediaries such as banks are no longer required and the whole thing remains secure and anonymous thanks to the transparency of the logs.

The advantages of currencies

For many, high bank fees, especially for international transfers, are a thorn in the side. In many parts of the world, people do not even have access to a bank account. The expansion of the Internet and the spread of smartphones are advancing even into the most remote corners of the planet. Therefore, the popularity of crypto and digital currencies is very high.

Cryptocurrency in Online-Casinos

https://www.youtube.com/watch?v=wVMOikoSCVY

In the world of online betting and online casinos, too, money from numerical codes has already found its way into the world. Several online casinos recognize Bitcoin as a means of payment.

The advantages of crypto technology for online gambling are obvious. As a player, you save transaction fees. Bitcoin deposits stay private. This enables players to stay discreet. Small deposits can also be made. Minimum deposit amounts help limit the fees that can grow immeasurably.

In addition to anonymity for the player, the use of blockchain technology for deposits and withdrawals also means certain security for the player. Due to the technology of many transaction protocols, there is transparency with which it can be traced at any time whether and in what amount transactions have been made. In case of doubt, an online casino provider could, for example, be held responsible or would be immediately exposed if he did not make a payment correctly.

Established online casinos like kiss918 have adapted the use of cryptocurrencies as one of their payment options. This step helps cater to various online casino enthusiasts and gives peace of mind when it comes to the security of players.

First online casino with its own cryptocurrency

Now the first online casino has opened in Costa Rica, in which in-house cryptocurrency is played. The Alive Casino issues coins or tokens for the currency Alive Token, AL for short. In the casino, where you can play completely in 360 degrees with VR glasses, only this currency is used.

These tokens can be purchased with another cryptocurrency, Ethereum, or ETH for short. Ethereum is the second most powerful and second best-known cryptocurrency. Many Bitcoin critics claim that ETH also has better technology.

The phase the casino is currently in is called “ICO” in the crypto world. An ICO – Initial Coin Offering – is a method of corporate financing, similar to crowdfunding, or the initial issue of securities by a company on the stock exchange. Investors buy tokens from a start-up and hope that their value will increase through the success of the company or even the currency as such.

At the moment, the exchange rate of AL is 0.0015 US dollars, the course price of ETH is 225.25 US dollars. The casino advertises on its website with cheap, fast, and, above all, transparent transactions. Whoever buys enough tokens will receive 360-degree VR glasses for free.

Security and trading in cryptocurrencies

However, the AL currency is not found on this. This is a known problem with many cryptocurrencies. They are springing up like mushrooms and often there is not the necessary technology behind them.

However, the AL token is secure as it is based on ERC20 technology. This is the same technology as that of the renowned ETH currency. The reason why it is not yet traded on the major crypto exchanges, also known as exchanges, is because the company and the currency are still in the ICO phase, i.e. the money collection phase, and listing on the exchanges is planned for early 2019 is.

But Alive Casino is not the only one of the opinion that crypto technology is the next big thing in online gambling.

Because the overall market for online gambling is large – around 60 billion a year – and these are just the official figures. Forbes estimates that 99 percent of all bets are illegal and not listed.

A total of 120 ICOs have existed in the past 2 years to raise money for online betting providers. The Alive Token will be followed by other crypto casinos and casino cryptocurrencies.

October 4, 2020

Legality of Crypto Casinos Around The World

Åke Inberg

Cryptocurrency

No Comments

Online gaming is increasing. The quantity of wagers globally is predicted to spike. Jumping from US$550 billion in 2016 to almost US$950 billion by 2021, according to a report by Juniper Research.

The expansion includes the increase in internet gaming sites offering clients the use of bitcoin, along with other cryptocurrencies.

There are lots of reasons why cryptocurrencies are a great fit for internet gaming. Beginning with all the (quasi-)ideology of trades when using the media of trade. This includes user-friendliness and simplicity of use during trades that are fast and easy compared to existing procedures.

Regulation-wide, bitcoin online gaming stands at a gray area in several authorities. Online gaming itself is controlled differently across the globe. Some nations don’t have any limitations whatsoever. Other countries have opted to get the right ban, whereas some are asking particular conditions from operators.

Virtually every game could be played online now. From popular Roulette, Online-Poker or even Blackjack, to all sorts of unique slots games like Monopoly or even Game of Thrones.

The United Kingdom Gaming Commission (UKGC) was one of the firsts to elevate the issue of whether bitcoin betting requires particular rulings.

Back in August, the UKGC gave the green light to UK-accredited online casinos to take bitcoin for a deposit and withdrawal strategy. But farther said it had reservations on it in terms of suitable regulation, noting that these programs can be used to make cash.

At present, jurisdictions that are providing certification for bitcoin casinos comprise Gibraltar, Costa Rica, that hosts several well known internet casinos.

ALSO READ: Cryptocurrency and Asia-Pacific’s Online Gambling Growth

The US is a gray area on bitcoin casino legality. What’s sure, yet, is that bitcoin and cryptocurrencies are not considered a legal money. There’s no regulation forbidding US citizens from wagering in bitcoin casinos.

The Unlawful Internet Gaming Enforcement Act (UIGEA), “prohibits gaming businesses from accepting obligations in relation to the involvement of someone else at a wager or bet that requires the usage of the net and that’s illegal under any state or federal legislation.” This makes monetary transactions from banks to internet gaming sites prohibited. Also, it prohibits credit card suppliers from enabling transactions to Internet gaming websites.

The situation is comparable in Malaysia. Authorities also prohibited gaming operators despite the fact that online sites are accessible to Malaysians. People who know Mega888 download their app to play online casion games.

Russia and China strictly prohibit all their citizens from engaging in Internet gaming. China also prohibits taxpayers to sponsor bitcoin casinos. Regardless of the rulings, both Russia and China have big populations of internet poker players.

Turkey also has banned running bitcoin gaming sites and wagering for many citizens.

India does not have any regulation bitcoin gaming out the state of Maharashtra. This usually means it is legal to function and bet on bitcoin casinos in anyplace of Maharashtra.

It’ll be intriguing to determine if Bitcoin is going to be allowed for gaming and as a valid currency.

https://www.youtube.com/watch?v=d00FJGac-3U&ab_channel=BoomingLife

June 16, 2020

Using Bitcoins to Place Bets on Sports

Klimor Napos

Uncategorized

No Comments

Would you like to know the secrets of betting in your favorite sports or perhaps, in online casino such as Mega888 download using Bitcoin? As we carry on this article, we will be focusing on quick guidelines to bet with your cryptocurrency and on how you could withdraw your prize?

As a matter of fact, there are various bookmakers that are accepting Bitcoin and even offer array of betting markets. Truth is, doing a quick Google search provides you with hundreds or even thousands of relevant search results.

https://www.youtube.com/watch?v=WJZQSYkd1Ss

Components to Learn for a Positive Betting Experience

Basically, there are couple of vital components that should be learnt in order to understand Bitcoin betting exchange before placing your bets. First and foremost, you’ve got to understand Bitcoin and second, you have to understand what exactly Betting Exchanges are.

Bitcoin Betting Exchanges

To make it simpler, Bitcoin betting exchanges work just like other betting exchanges. Well, this is except for the fact that rather than using real money, you’re using Bitcoins to make bets. But how is it different from the conventional bookmakers?

On betting exchanges, the users or punters are capable of backing both odds that are offered by other users or offer the odds for other users to back. This is otherwise called as “laying odds” and empower te bettor of exchange to act as a bookmaker. It may seem confusing at first but as you get along in sports betting, you’ll get the hang of it.

The primal difference between standard betting exchange to Bitcoin betting exchange is the currency that is used in placing bets.

How an Exchange makes Money through Bitcoin?

For sure, you are puzzled on how the betting exchanges are generating profits. Fact is, this depends on the betting exchange. But in essence, you’ll be paying commissions towards your betting activities. This commission is essential for it helps the betting exchanges to make money and it will differ depending on the exchange that you are on.

Now that you have an idea towards Bitcoin betting exchanges and have Bitcoins to place your bets, now is the high time to search for a reliable and dependable bookmaker and start placing bets. Luckily, there are so many options you can find. Though, you have to be meticulous and vigilant for not all are safe to bet with.

At the end of the day, it will depend on how you do background research on your prospective exchanges.

May 13, 2020

How to Invest in Cryptocurrency Today

Shene Rahnaz

Cryptocurrency

No Comments

Imagine how convenient the world when people use cryptocurrency. Basically, it is the new birth of fast and frictionless money transaction.

When you shop online, pay something online, or send money effortlessly, you will no longer go an over the counter bank to deposit and send money. You can now definitely do that with the use of cryptocurrencies.

No matter where you are in the world, whether you are travelling, or just at the comfort of your home, or at work, you can definitely transact anything in just one click.

Why Should You Invest?

Every single day, a lot of cryptocurrencies are emerging in the industry. Slowly, blockchain technology or crypto is slowly changing people’s lives for the better.

Here are a few reasons why you need to invest in cryptocurrencies today.

It gives returns you could never have imagined. It’s online money or a digital wallet. Investing in this type of currencies lets you have x4 bigger cash backs by the end of the year, and million in the next 5 years.

The crypto world is really huge. it has been intimidating a lot of people to invest because with them you are guaranteed that you can have huge growth potential. Though it can a tough road to take, in the end it will all be worth it.

If you are not a fan of banks, national and government monopolistic corporation, then cryptos are right for you. What you have in your digital wallet is all yours. No sharing for these authorities.

April 14, 2020

The Best Things About Playing Online Gambling

Shene Rahnaz

gambling

No Comments

Oftentimes, you would hear people say “ let’s go gambling” or “let’s go to LA to drink and gamble” but today, you probably heard them “go online and let’s gamble”.

Online gambling now has been making rounds all over the internet world, and there’s no denying how much people are in awe in playing it. Most likely because it is played more differently than how it is actually played in a live poker house.

1 Online poker means easy access

Online poker is extremely easy to access that it makes it easier for you to play at home, at work, at the cafe shop, at the park— everywhere. Basically, playing online does not require you to get out and travel far. As long as you have your computer or gaming mobile and an internet connection, then you are definitely good to go.

2 It requires no extra effort

One effort you always do when playing in a live poker is to travel downtown just to play. Or wait for a few hours until an open table is available for a play. Online poker never lets you have that. In as quickly as 1 minute or seconds, you will immediately be redirected to a game with opponents. Basically, this convenience extends beyond its game proximity.

November 30, 2023

Navigating Risks in the Crypto Terrain

Klimor Napos

Crypto & Hazard, Cryptocurrency

No Comments

In recent years, the emergence of cryptocurrencies has altered the financial landscape on a global scale. These digital assets, that can be used on various situs togel terpercaya, have revolutionized the way people think about and utilize money. Unlike traditional currencies, cryptocurrencies are decentralized and operate on a peer-to-peer network, enabling secure and transparent transactions.

Cryptocurrencies have opened up new investment and trading opportunities, allowing borderless transactions without intermediaries. They are now a significant force in finance, shaping the future of money.

The Rise of Cryptocurrencies

Due to the emergence of cryptocurrencies, Bitcoin and Ethereum have gained immense popularity in the past ten years. They provide a decentralized and borderless financial solution, which has attracted the attention of both beginners and seasoned investors. It is crucial to understand the fundamentals of cryptocurrencies, as they are becoming more prevalent in today’s financial landscape.

Educating Yourself on Crypto Basics

Having a solid grasp of the basics is essential when it comes to navigating cryptocurrency effectively. This includes understanding the underlying blockchain technology and managing your digital wallet to ensure a secure experience.

Fortunately, many educational resources are available, including online courses and community forums, that can provide valuable insights and help you expand your knowledge. Use these resources to become a confident crypto participant.

Risks and Hazards in the Crypto World

It’s crucial to recognize the dangers of the crypto industry despite its potential benefits. Individuals must take measures to safeguard their investments against both market fluctuations and cyber-attacks.

Scams and Frauds

As cryptocurrencies have become more popular, fraudulent activities and scams have also increased. As a result, investors must exercise caution and be alert to phishing schemes, Ponzi schemes, and other deceptive practices that could jeopardize their assets.

Cryptocurrencies are subject to an ever-changing regulatory landscape. It is imperative to stay up-to-date on the legalities of crypto transactions to remain compliant and mitigate legal liabilities.

Securing Your Investments

In the world of cryptocurrency, ensuring security is crucial. Strengthening the safety of your investments can be achieved by selecting trustworthy wallets and incorporating two-factor authentication. By adopting these best practices, you can enhance the security of your crypto assets.

Investigating the crypto industry can lead to numerous possibilities for those open to exploring it. By fusing a determination to learn with an understanding of potential risks, traders can confidently navigate this thrilling field. Being up-to-date and adopting optimal approaches are imperative to a prosperous and safeguarded crypto experience.

July 11, 2023

Risk Control in the Digital Currency World

Klimor Napos

Crypto & Hazard, Cryptocurrency

No Comments

As the world continues to embrace the digital revolution of finance, it is essential to stay informed about the latest developments and insights from reputable sources like Southerntimesafrica. By staying updated on the evolving landscape of cryptocurrencies, individuals and businesses can navigate this new financial frontier with greater confidence and mitigate potential risks.

The Volatility’s Roller Coaster Ride

Cryptocurrencies’ price volatility is well-known. Investors are exposed to large risks due to the minute-to-minute sharp value variations that can occur. This instability is a result of the lack of a centralized governing body or regulatory framework. To reduce potential losses, investors must use prudence, do extensive research, and use risk management techniques.

Monitoring for Cyber Threats

Security becomes a top priority as cryptocurrencies are held digitally. To get unauthorized access to digital wallets and exchanges, cybercriminals use a variety of strategies, including phishing, hacking, and malware attacks. People must prioritize security precautions like using hardware wallets, turning on two-factor authentication, and carefully choosing trustworthy exchanges with strong security protocols if they want to secure their money.

A Guide to Legal Frameworks

The legal environment governing cryptocurrency is continually developing. Different nations have taken positions that range from outright prohibitions to support for digital currency. Users and investors may face difficulties as a result of this regulatory uncertainty, which also has an impact on market liquidity, taxation, and legality. These complications can be managed by remaining knowledgeable about the legal systems in one’s country and getting advice from specialists.

Scams and Dishonest Plans

The decentralized structure of cryptocurrencies gives con artists a chance to take advantage of gullible people. There are many Ponzi schemes, fraudulent investment platforms, and phony initial coin offers (ICOs). Extreme caution, research, and skepticism should be used by investors when dealing with unrealistic promises of huge profits.

Scams can be avoided by working on well-established initiatives and asking for recommendations from reliable sources.

Assessing the Risk-Reward Ratio in the Absence of Investor Protection

Most cryptocurrencies lack investor protections. Despite certain governments’ investor protection laws, cryptocurrency’ decentralized structure limits protection. Investment risk-reward ratios must be assessed and decisions must be owned.

Cryptocurrencies provide promising economic and technological growth. However, this burgeoning sector poses problems that must be addressed. Understanding volatility, preserving digital assets, understanding legislation, avoiding frauds, and efficiently analyzing risk can help users and investors navigate the crypto environment. Knowledge, diligence, and proactive risk management will lead to cryptocurrency risk success.

January 17, 2023

Gambling With Crypto: Where Are They Allowed

Kethas Palkar

Crypto & Hazard

No Comments

Bets with cryptocurrencies are normally sports bets. They are chiefly present in online betting houses.

How are the bets with cryptocurrencies?

Bets with cryptocurrencies do not differ from bets paid with other payment methods except for the payment method itself. It is a difference in the choice of payment method and not about the betting model that is the same. Instead of making bets with fiat currency in an online casino address (온라인카지노주소), you will make them with cryptocurrencies.

How cryptocurrency payments are made for bets

Although eventually, each bookmaker can modify the deposit method, payments with cryptocurrencies to place bets go through depositing the cryptocurrency in the account of the platform where the bet is to be placed.

For this, there are probably different methods offered, but they all must follow more or less the following steps:

Select add a payment method and choose cryptocurrency.

Select the amount of the deposit.

Option 1: an address is obtained that, from the digital wallet, is used to send cryptocurrency.
Option 2: a provided QR code is used that is scanned from the exchange platform itself where the cryptocurrencies are traded.

Confirm the operation.

Although in some cases the steps may be different, they are all oriented toward the same function. It is to make a previous deposit in the bookmaker’s account before starting to operate. If, for example, you make a deposit in Bitcoin, the exchange rate in force at the time of the transaction will be applied, and the currency chosen as usual by the bookmaker.

Where can you make sports bets with cryptocurrencies?

To find out if a bookmaker accepts cryptocurrencies as a payment method, you must go to the information area of their web platform and consult the payment methods. In some cases, only Bitcoin will be accepted as the only cryptocurrency, in other cases, there are platforms that accept more than twenty cryptocurrencies to make deposits and operate sports betting.

Why bets with cryptocurrencies are chosen

Cryptocurrencies are becoming more openly accepted as a method of payment. In this context, it is logical that they have also reached sports betting.

It is a flexible, fast payment method with fewer average commissions than other types of payment. In addition, cryptocurrencies offer a higher level of privacy than other methods.

On the other side of the scale, the fluctuations and vulnerability of cryptocurrencies make their full implementation difficult. This privacy can also become a disadvantage since bookmakers need to control the personal data of those who bet within their platforms.

December 31, 2022

Why a Reliable Online Gambling Community is Important in SoKor

Ari-Pekka Sundqvist

gambling

No Comments

Gambling entertainment for South Korean locals is quite precarious. SoKor gambling laws restrict casino gaming among its citizens only in Kangwon Land Casino. However, due to its remote location in Sabuk-eup, Jeongseon Gun, as part of a complex resort facility situated 883 above sea level, majority of SoKor’s gambling citizens prefer to stay at home and gamble online. Nowadays it’s more practical and convenient to gamble in online casinos by becoming a member of a 카지노커뮤니티, or a casino community.

Importance of Joining an Online Gambling Community in SoKor’s Gambling Arena

Due to the prevalence of unscrupulous operators of online casinos, responsible operators of eat and run verification companies have strategized by establishing a strong online community. Through a major and rich casino website that is full of reliable and trustworthy information, local SoKor gamblers can have access to safe casino platforms. Vetted and certified as safe playgrounds for online gambling entertainment, recommendations as a good casino, denotes not only safety. They also ensure worthwhile and worry-free online gambling engagements.

Aside from having protection against the hazards of gambling online, becoming a member of a reputable casino gaming community is valuable because members are directed to sites that have a lot to offer as gambling entertainment. Moreover, another important amenity of becoming a member of an online gambling community is the availability of customer services that can be accessed by way of an easy-to-navigate website.

A community of online casinos offer useful information about rich casino websites. An important trait we noticed about these online gaming sites is that they are first and foremost, aesthetically pleasing. The features are quite attractive, such as the live casino games streamed exclusively by Evolution Gaming to VIP members connected via a Virtual Private Networls (VPN).

Generally, vetted casino sites compete in vying for attention from local Korean customers. Many offering as much as 30,000 Korean Won as a Welcome Bonus. Some others give cashbacks to players who placed bets that did not yield wins.

Basically, a cashback is one way of convincing customers that the chances of recouping losses at their site are not lost. Since they are entitled to receive a percentage of their cumulative losses by way of cashbacks, they can still try their luck.

Lastly, a strong community of gambling websites can also provide information about online casino platforms that accept popular cryptocurrencies as deposit for wagers. Although customers should take note that crypto gambling works by establishing a specific price index as value of a customer’s gambling account.

Crypto gambling provides additional protection because customers using this betting method can make sure that under uncertain cirsumtance, they remain incognito from local Korean authorities.

December 28, 2022

Exploring the Gambling World with Crypto

Klimor Napos

Cryptocurrency, gambling

No Comments

The world of gambling and cryptocurrency have long been intertwined, with cryptocurrency providing a secure, anonymous way to place bets without the need for a bank account or payment processor. But what if you could explore the gambling world with crypto? Is it possible to use cryptocurrency as a legitimate method of betting and gaming?

The Current State of Crypto Gambling

It’s clear that crypto gambling has exploded in popularity over the last couple of years, and it’s likely that this trend will continue for some time. This trend has actually created more doors and truly help diversify the gambling industry.

Now, there are more and more casinos, sportsbooks, poker sites, and other gambling sites are accepting cryptocurrency. There are a number of reasons behind the rise in popularity of crypto gambling, and these are as follows:

Anonymity and security of cryptocurrency
Availability of gambling sites that accept cryptocurrency
Ease of use and accessibility of crypto gambling sites
Ability to bet using a variety of different currencies
Lack of restrictions on cryptocurrency gambling sites

Crypto gambling has also received a significant amount of attention as a result of the rise in popularity of eSports. As more and more people have turned towards eSports and the various gaming competitions that are taking place, there has been a rise in the number of people who want to bet on the results of these matches and events. With the ability to use crypto to gamble, it can be done in a convenient and secure way, and it’s likely that this trend will continue.

Advantages of Crypto Gambling

There are a number of advantages to crypto gambling over the old-fashioned way of placing a bet. These advantages include:

Newer and more modern technology: Due to the fact that cryptocurrencies are based on modern technology, they offer a more streamlined and user-friendly experience than the old-fashioned methods of placing a bet.

No payment restrictions: There are no restrictions on who can use crypto for gambling, and it can be done from anywhere in the world. This means there’s a larger player base for gambling sites.

Instant payouts: Paying out winnings is a simple and easy process on many crypto gambling sites, and there are no delays.

Reduced costs: The cost of running a crypto gambling site is significantly lower than that of an older gambling business, and this is because there are no payment processing fees. The only costs are server maintenance fees and staff salaries.

December 26, 2022

Online Casinos and How Cryptocurrencies Impact Them

Shene Rahnaz

Cryptocurrency

No Comments

It is no secret that payment methods at the best Dutch e-casino have long been a challenge for Dutch e-players. This is due to a ban on Dutch banks that was introduced by the Dutch authorities in 2010. The ban addresses the fact that Dutch e-banks cannot carry out transactions directly to Dutch e-online casinos.

Fortunately, several options have emerged in recent years, and cryptocurrency is one of them. We will therefore take a closer look at the positive effects that cryptocurrency has brought to Dutch users of online casino games.

Why choose cryptocurrency at online casinos in the Netherlands?

In order to be able to play at online casinos such as suhubet, it is important to have reliable methods for depositing and withdrawing money. There was a long question here about what methods the dutch could use, but cryptocurrency has quickly given the answer to this. As a decentralized system, cryptocurrency is beyond the reach of Dutch e-authorities, which means that Dutch e-players can transfer money to and from their player account smoothly.

This has also led to many of the best online casinos accepting cryptocurrency as payment, which you can read more about on this page. Here you will find more information about online casino games and which online casinos in the Netherlands offer cryptocurrency as a payment option for their players.

Why do Dutch e-players prefer cryptocurrency?

Previously, Dutch e-players used e-wallets and VISA/Mastercard for deposits at online casinos, but that came to an abrupt end in 2010. This is, as we mentioned earlier, due to a ban imposed by dutch banks by regulatory authorities in the Netherlands. Experienced players have participated in this game before, as they had to quickly find reliable alternatives.

This has led to the use of prepaid cards, VISA, Mastercard, PaySafe, Neteller, Skrill, and a number of different payment methods. However, these are all subject to regulatory approval as centralized payment methods. In short, this means that they use crowns, euros, or dollars to move values from A to B.

However, the use of such funds means that companies are vulnerable to losing their license as an approved payment method. Most solutions have therefore lived on borrowed time, something we have unfortunately confirmed time and time again. Fortunately, the use of cryptocurrency has turned this image on its head in favor of the players. We will therefore take a closer look at some of the reasons why Dutch players are now using more and more cryptocurrency for online games.

Easy switching

An undisputed advantage of cryptocurrency is that it can be exchanged for virtually all centralized values in the world. You can easily create a crypto wallet and exchange Dutch crowns for Bitcoin, Litecoin, Ripple, Ethereum, and other currencies.

Fast transfer

Since cryptocurrency is a decentralized system, you can complete year-round transactions around the clock. This is also one of the biggest advantages of cryptocurrency. This advantage has also ensured that cryptocurrency has become one of the most efficient means of payment for those who carry out international transactions.

Protection of personal data

Last but not least, cryptocurrency is an effective way to secure your personal information online. Cryptocurrency is traded through encrypted networks that only make the transaction itself visible to the rest of the blockchain. This has allowed you to transfer money to another wallet without having to provide sensitive information about credit cards, names, and the like online. We, therefore, have the feeling that this is a technology that will largely become commonplace for online payments in the future.

ALSO READ: How to Invest in Cryptocurrency Today

How do you get started with cryptocurrencies?

One reason many people haven’t researched cryptocurrency is that they think it’s complicated. Fortunately, it’s much easier than many people think, and we want to show you that. We are therefore going to take a closer look at how you can get started with cryptocurrency for online payments, or deposits at your favorite online casino.

Create a crypto wallet

The first thing you need is to create a crypto wallet for storing your digital assets. There are a number of different players in the Dutch e-market, but eToro and Firi are the most popular. Both are free to use and with both, you get started quickly. However, we recommend that you familiarize yourself well with the different options before making a decision.

Find cryptocurrency

There are over 3,000 different cryptocurrencies on the market, but there is a small selection that is often preferred as a means of payment. This is because many of the small currencies are very volatile, making them unsuitable as a means of payment. Therefore, check out the most popular ones that are currently Ripple, Ethereum, Bitcoin, and Litecoin. These are also the ones that are largely used in online casinos.

Before we go any further, it is good to note the following; it is up to every online casino what currency they accept as a deposit. You must therefore ensure that the cryptocurrency in which you invest – can actually be used for deposits to which you want to transfer your money.

Transferring Cryptocurrency to Online Casino

Once you’ve figured out which cryptocurrencies you want to use, it’s time to buy them. The transaction itself is relatively simple, so we won’t spend too much time on this. You can choose to transfer NOK via bank transfer or bank card, before then purchasing the relevant cryptocurrency for your account.

Then it’s time to send your cryptocurrencies to the online casino. This is done by entering an address for their crypto wallet. In practice, this address works as an account number as you enter it into your online bank.

Summary

Cryptocurrency has quickly become a preferred payment method for Dutch e-players at online casinos, and that is not without reason. This decentralized system has opened up the ability to transfer values to and from a player account securely, quickly, and easily.

An opportunity that many Dutch players have missed for years. In this article, we have therefore taken a closer look at some of the positive effects of cryptocurrency for the iGaming industry, but also how you can quickly get started with using cryptocurrency as a means of payment.

December 20, 2022

Cryptocurrency Boom In Online Gambling

Kethas Palkar

Crypto & Hazard

No Comments

Online casinos and the gambling industry alone have been experiencing a boom for years. Hundreds of billions are turned over worldwide in the gambling industry. Cryptocurrencies account for an ever-increasing share of this.

Why are cryptocurrencies so popular with casino goers?

Everyone will probably have heard of Bitcoin or Litecoin by now. In 2009 Bitcoin saw the light of day and could be purchased for a few dollars. A new technology was born that wants to be seen as an alternative to regular currencies under state control.

The blockchain is the basis of digital currencies. This enables particularly fast transactions that work across countries, without exchange rates and similar obstacles. All transactions are linked together like in a chain. A transaction that has been carried out can no longer be manipulated afterward. An absolutely safe system so far.

Another point that benefits many casino visitors is the enormous security of personal data. If you play with cryptocurrencies in an online major playground (메이저놀이터) casino, you only have to enter your crypto wallet email address and possibly your personal pin to authorize transactions. Account details and other sensitive information are no longer necessary.

How are providers reacting to this trend?

The casino industry has become a highly competitive market. Every year, if not monthly, new digital game portals open their doors. In order to stand out from the crowd and stay in the players’ field of vision, the providers must always be up to date in terms of software and payment methods. The IT and software industry is evolving at a breakneck pace.

An example of this is the cryptocurrencies that seem to finally conquer the casino market. More and more consumers are familiar with digital coins and many use them to trade, but also to buy online services.

Cryptocurrency as a secure payment method

Bitcoin, as the mother of all digital currencies, naturally still has the largest trading volume on the market and is therefore particularly popular as a payment option in online casinos. However, there are also strong coins such as Litecoin, Ethereum, or Dogecoin, which many platforms offer as an alternative to Bitcoin.

September 10, 2022

How to Benefit from Crypto and Avoid Scam Hazards?

Klimor Napos

Crypto & Hazard, Cryptocurrency

No Comments

Welcome to the world of crypto! With the sudden surge in popularity and visibility of cryptocurrencies, there has been a flood of information on how to invest in them. Whether you’ve just read about this emerging new asset class or you are actively researching how to get involved, you may be feeling overwhelmed by all the information out there.

If you want to play in 토토사이트 using crypto but aren’t sure which players you should trust, keep reading about how to avoid being haggardly scammed when venturing into the world of crypto investing.

Don’t Trust Everything You Read Online

While it’s great to be enthusiastic about jumping into the crypto space. On the other hand, let us not forget the importance of being cautious. With this said, make sure to approach this new frontier with a healthy dose of skepticism. One of the main ways to protect yourself from being scammed is to be aware that many of the claims you see online may be misleading or even false.

Research the Team Behind the Coin

Before you decide to invest in a particular cryptocurrency, it is imperative that you have done your homework first. Of course, to thoroughly research the team behind it. This is the team that has created the token and the technology that the token runs on.

As a potential investor, you want to make sure that the team behind the coin is trustworthy and that they have the know-how necessary to continue building and improving the technology. You should be able to find information about the team’s background and previous experience online.

Research the Company or Group Backing the Coin

In addition to researching the team behind the coin, you should also do research into the company or group that created the token. Remember, in the case of utility tokens, the token itself is what powers the product or service being offered.

Check Out the Competition

Before deciding whether or not to invest in a particular token, you should make sure that you’ve done your research on the competition. It’s a good idea to look at how other tokens are doing.

This will give you an idea of how the token landscape is changing and where you should be putting your money. By researching the competition, you will also get a better idea of what features and functions are important to token holders.

August 28, 2022

Studying Digital Currency Regulations In Vietnam

Åke Inberg

Cryptocurrency

No Comments

Responding to a question before the National Assembly on the afternoon of June 8, State Bank Governor Nguyen Thi Hong said the authorities are studying and will add regulations on some new currencies.

SBV Governor Nguyen Thi Hong said that in the face of public attention, it is necessary to clarify the concepts of cryptocurrencies, digital currencies, virtual currencies, and virtual assets.

First, cryptocurrencies are the expression of fiat currencies issued by central banks. However, instead of circulating in the form of banknotes, or coins, and cryptocurrencies are stored on electronic devices such as mobile phones or computer networks. That is why crypto has been popular on online platforms such as betting online like when you dang nhap Kubet (log in to Kubet).

In addition, cryptocurrencies must have a 1:1 ratio to fiat money, and payments are allowed. In the coming time, the SBV will continue to clarify this concept in the Decree amending Decree 101 on non-cash payments.

For virtual currencies and virtual assets, Governor Nguyen Thi Hong took the example of Bitcoin. Currently, each country has a different way of managing. Some countries consider virtual currencies, and virtual assets as an asset or securities to impose taxes and license transactions.

This is not a fiat currency issued by central banks of countries, but by private sector organizations based on computer networks. Therefore, this currency is only recognized in certain communities,” he stressed.

ALSO READ: How Crypto Changed The Sports Betting Industry

For Vietnam, the Government has assigned ministries and branches to research and build legal corridors. In particular, the SBV has a coordinating role with the authorities.

Finally, technical money is fiat money issued by the central bank but in electronic form instead of banknotes and coins. Currently, some countries around the world are starting the process of researching and testing technical money.

She said the Government also assigned the SBV to set up a research department on digital currencies to study and refer to the experiences of countries around the world. In addition, one of the issues of concern to members of the National Assembly is the deployment of Mobile Money mobile payment service.

Accordingly, the SBV has approved 3 telecommunications enterprises including Viettel, VinaPhone, and MobiFone to deploy Mobile Money. After nearly 5 months, by the end of March, the country had about 1.1 million accounts opened at pilot enterprises. The number of transactions reached 8.5 million units with a total value of more than VND 370 billion.

Especially in rural, remote, and island areas, the number of accounts is up to 660,000 units, accounting for more than 60% of the total number of accounts.

Besides, there have been more than 3,000 business points set up in which rural, remote, and island areas accounted for 900 points, equivalent to 30%. The total number of units accepting service payments exceeds 12,800 units.

Although it is still in the pilot phase, the Governor of the SBV evaluated the above results showing that the Mobile Money mobile payment service has entered people’s lives. In the coming time, the SBV together with ministries, departments and agencies will continue to evaluate, and monitor, thereby summarizing the pilot to advise on proposals on legal corridors as well as how to organize them in the future.

July 9, 2022

7 Smart Tips For Playing Online Slots (Judi Slots)

Eija Järvinen

Uncategorized

No Comments

Playing slots online (judi slot) can be a lot of fun. However, there are some smart tips that can help you to increase your chances of winning and make the game more enjoyable. Before opening your account, determine how much time you can afford to spend playing and what type of slots game you would like to play. Slots games carry different bets, so if you’re not sure what kind of slot game is best for you and your style, take some time to look into each type before settling on one.

1. Take advantage of no deposit bonuses (no deposit bonus)

Bonus tips are always important. Do you want a bonus, but not directly deposit the money yourself? Then the casino no deposit bonus is a solution. Immediately after creating an account, you will receive bonus credit. If you can get a €10 no deposit bonus after signing up then take advantage of it as it allows you to play free online slot games. And with a bit of luck, you can also win real money.

If you have won with your bonus money and you want to cash out you must first make a deposit in order to have your winnings paid out. This is stated in the bonus conditions and you should always read them carefully before you start playing. In connection with anti-money laundering measures, it is only possible to withdraw money using methods known to the casino. A reliable method for Dutch players is to make a deposit with iDeal.

2. Check the competition

“Tips for a novice gambler!” The competition between online casinos for the purpose of attracting new players is enormous. Whether it’s free spins or the casino bonus, in an industry where many casinos have similar game offerings, it’s a frugal way to set yourself apart from the competition.

What distinguishes a standard casino bonus from a great bonus? First and foremost, you should look at the wagering requirements. This is the number of times you have to wager the bonus before your bonus and the winnings you have made with it can be paid out as cash.

3. Check the game developer

If you want a realistic chance of winning, only play slots from a game developer that is respected and reliable. Just as there is a difference between Puma and Nike shoes, slots can vary greatly in quality.

Some providers are known for making slot games that are popular because they bring huge winnings.

Choose a slot from a reputable developer and you will see the difference. It is always important to check whether the software developer has a very good reputation.

4. Which online slots bring a lot of profit?

If you have not yet made any winnings after hours of playing on an online slot, then it is probably wise to look further because it mainly provides a house edge for the casino.

The house edge represents how much profit the online casino makes based on the number of rounds on a game. A high payout percentage (RTP) often means a smaller house edge for the casino. But even when playing a high RTP slot, you’re still not guaranteed to win. It is therefore important for a casino player to know how the random number generator of a slot works. This generator simply ensures that all wins fall 100% randomly.

Putting a lot of money in a slot is therefore no guarantee of winning. Because as soon as you press the spin button, the outcome is already determined by the random number generator and that ensures that you have the same chance of winning on every spin.

5. Local vs Progressive Jackpots

There are two types of jackpots: a local jackpot and a Progressive (network) jackpot. A local jackpot is a jackpot that is managed by one online casino. The number of money increases by the bet of players who play a specific slot game in the same casino. In fact, the jackpot size for the same game can vary from casino to casino.

A network or progressive jackpot pools players’ money from different participating online casinos. Usually, it is focused on one game. Due to the fact that several online casinos participate in the jackpot, the jackpot will be a lot bigger and increase faster. Players can win a million-dollar jackpot this way.

Since not all online slots are created equal, and some slots payout at different rates, our recommendation is to play a local jackpot. Although the jackpot is smaller, you are more likely to win a jackpot than when you compete with a large group of players.

6. Free spins

Since the online casino industry is very competitive, they are always looking for ways to attract new players to their website. To attract new players or to get old players back to the casino, many online casinos offer free spins on specific slots.

Be sure to take advantage of this opportunity to play for free. Free spins are a great way to get introduced to a new slot game and you may be able to win money without spending a dime.

7. Maximum bets or not?

Many websites advise to always ‘bet max’ on slots. By this, we mean that you let all pay lines play during your spin. It is often thought that this way you can increase your chances of a payout.

At the same time, it is also important to remember that with the random number generator your chances of winning at online slots are the same whether you bet on all pay lines or just one. You have just as much chance of winning on a slot with a minimum bet as you play with the maximum bet. Our tip? Always play within your budget and make sure you gamble responsibly.

June 30, 2022

Online Gambling With Bitcoin Payment

Eija Järvinen

Crypto & Hazard

No Comments

Online casinos have been outdoing each other through innovation for years. The invention that is currently causing a lot of noise in the market is bitcoin casinos. In these casinos, the player can pay digitally with cryptocurrencies such as Bitcoin, Ethereum and others.

How do crypto gambling providers actually differ from conventional casinos?

Online casinos that advertise the option to wager bitcoin have been around for a number of years. Even in the early days of Bitcoin, they use the currency to make gambling even easier and more user-friendly. Thus, players could send a specific amount to an address and receive a prize if the transaction ID had one or more specific final digits. In the meantime, however, gambling with cryptocurrencies such as Bitcoin is much more professional and, above all, more diverse.

Online casinos where players deposit and withdraw bitcoins are visually indistinguishable from real money casinos. They usually offer a large selection of games that are similar to the classic representatives in their variety. Of course, classics like the slot games on Big Bass Bonanza Slot not on gamstop are also represented in most Bitcoin casinos. Of course, the companies work with the same game providers as other providers. For the players, the experience in the individual games is therefore not different.

Advantages of bitcoin casinos exist at first glance

Some of the advantages of Crypto casinos are obvious. Players can use their Bitcoins to take a seat at the digital poker tables or spin the reels on the slot machines. So you do not need to enter a credit card or bank account. An aspect that has a positive effect on the number of members. Creating account and customer data is the biggest hurdle in customer acquisition. By eliminating this obligation, players also prevent the money earmarked for gambling from mixing with the normal budget in the bank account. So it becomes much easier to keep the money clearly separate.

However, users should not be fooled. While cryptocurrency gambling may look anonymous and straightforward, the reality is, as always, a little more nuanced. Unfortunately, it’s not quite as simple as it first sounds. The online casinos still need a license to be able to gamble. They are therefore forced to comply with the guidelines of the respective licensor and do not receive any special permits. As part of the fight against money laundering, providers, therefore, undertake that, in case of doubt, it must be possible to identify the individual players. Although a supposedly anonymous cryptocurrency is played in a corresponding casino, anonymity cannot be maintained.