With many countries closing their doors to progressive online gambling as well as enforcing stricter procedures concerning verification, it leaves a lot of players searching for simpler alternatives. This shift has sparked growing interest in unlicensed casinos. This leads to many questions, are casinos without licenses worth trying? Do players truly need to compromise a critical aspect like safe online gambling just to gain the perks that licensed casinos may not offer?
What should you be aware of before signing up with an unregulated casino?
While the appeal of unlicensed casinos may seem tempting, it's crucial to weigh the potential risks against the promised benefits. One of the crucial concerns a player should be aware of before registering is that casinos without licenses don't have any authority behind them which means for any possible disputes or issues there will be no mediator or regulator authority that could hold a middle ground in resolving it.
Take this, you won a massive amount of money on your lucky slot, while it might have you celebrating, the casino might not share your excitement, especially if they view you as no longer profitable. They might look for ways to limit your winnings or withhold payment. Therefore It’s crucial to carefully review their terms and conditions beforehand, as you might discover many catches that could cost you later.
However, what do you do when a casino won't pay you? Well in a case when there is no license behind it to protect you, the answer is very simple-nothing. There is no complaint site, alternative dispute resolution entity, or license authority that could help you out in resolving it, you are left to the mercy of the casino - unless you really take a deeper look at our work on reviewing the newest crypto casinos in the industry with the most transparent approach.
That is not the only worry you should have when engaging with an unlicensed operator. If you are lucky enough to score a good win, you might take into consideration the possibility that most unregulated casinos turn to-rigged and fake games.
Imagine depositing over and over again, being excited about the possibility of a big win, without realizing that the outcome of the game that you are playing does not hold proper certificates and is far from a random outcome. Not only that, even though you think that you are playing Play'n GO´s Book of Dead, you might have been just playing a good dupe of such a game that does not have any connections to the actual provider who released it.
Many unregulated casinos are resorting to fake duplicates of a game since it is a much simpler integration which does not require any licensing and most importantly much cheaper and easier to manipulate for the operator. However, this may not be your biggest issue.
Have you ever wondered what a casino does with the private information of the player?
Don't take this for granted, many licensed casinos have a policy on storing such data according to the gambling authority through a secure and encrypted database. While others resort to cheap, easily hacked options. You may be surprised to hear that many use simple cloud storage such as Google Drive, where numerous people can have access to some of your most private information if not regulated properly. Just think about it, all your financial information and personal identification, easily accessible with just a few clicks of the mouse to a bunch of random people, sounds scary right?
Well if that didn't put a worry on your mind then the possibility of facing legal consequences should definitely make you think twice. Numerous jurisdictions consider playing at unlicensed casinos illegal, so if you’re caught or reported, you could face serious consequences and penalties. It shatters the illusion of a carefree experience, doesn’t it?
What do you gain with unlicensed casinos?
From many of the significant drawbacks, you may wonder what are the actual benefits of playing in unlicensed casinos.
One main reason players choose unregulated casinos is the lack of lengthy verification processes and allow for withdraw without sending any documents and other countless policies, like anti-money laundering which pose significant limitations on what you can do with your deposit. This alone may make your life so much easier compared to the often rigorous KYC processes. However, not only this, you may experience wider access to multiple restricted game providers which you may have not been able to use so far.
Aside from that, have you ever wondered, why are some promotions limited for certain countries and players? The answer is very simple, since most licensed casinos are limited in the market they can work with, depending on the license which they hold they target specific markets, depending on the profitability. However, since unregulated casinos have no market to be limited with, they are free to send campaigns, casino bonuses and different promotions to whichever market they want which is why in most cases they are available for the majority of players.
What do you get when playing with licensed casinos?
Although it may sound tempting, you might wanna give licensed casinos a benefit of a doubt. While you may not be over the moon for the regulations they abide by at the end of the day the protection you get cannot be matched. Let's take the license that most crypto casinos hold and that is Curacao. The leading one for crypto casinos due to its accessibility and favorable stance on cryptocurrency gambling.
But what does it actually offer to you?
Beyond the minimal KYC requirements, which allow for quicker sign-up and withdrawal processes, and the broad range of games their license covers, Curacao most importantly offers players crucial benefits like legitimacy, security, and access to dispute resolution services.
This means that if you encounter any issues like non-payments, unfair terms and conditions, rigged games, or any other irregularities, you have a regulatory authority to escalate your concerns and rely on. While Curacao may not be the most stringent license available, it is one of the most reputable ones that have embraced crypto casinos, which is still gradually gaining wider acceptance in the online gambling world.
Unlicensed vs Licensed casinos, what to opt for?
When it all comes down to it, the benefits that come may just not be worth it. Although there is quite a bit of freedom offered in unlicensed casinos, the safety, and security that come with regulated casinos should always come first over the freedom to play with fewer rules. There’s a huge selection of trusted, safe casinos that can give you the thrill you’re after, without risking it all on an unregulated operator. If you’re unsure where to begin, explore our casino reviews of trusted platforms that have been thoroughly checked by the CryptoGamble team. Join our community to avoid mistakes and steer clear of unreliable casinos that could cost you more than just your winnings.