We all like to play at our favourite online casinos but, sometimes, it’s highly preferable to get something back too, isn’t it? Well, that’s where online casino coins are available. Some casinos have them, some don’t have it. But in case you discover an online casino that does, in a nutshell, it’s a way of earning rewards whenever you play with your hard earned coins. Today we are going to discuss exactly how they work and we may additionally have a few tips on how casino coins secrets up our sleeves too!
There is one big trouble we face as matched bettors is the time when we are transferring the amount in our betting accounts. If you are using a debit card, deposits are generally instant however withdrawals can take up to 5 business days which is not ideal if you are operating with an exceptionally small bankroll and wish to take part in multiple offers. There is a better alternative in a few instances is to use e-wallets for betting transactions as withdrawals through this method will commonly take 24 hours and in your account. allowing you to transport price range around a lot quicker, take part in more than multiple offers that will ultimately give you a more profit. However, we are going to introduce you with a better option via ‘CasinoCoin’ (CSC) which will result in near instant transactions between operators and additional benefits. If you need to know more about CoinCasino visit us at: https://casino-korea.com/
What is CasinoCoin?
CasinoCoin is actually a digital type of currency much like Bitcoin which is designed especially for the online gaming industry. It allows the players to make deposits, withdrawals and transfer of money among your betting accounts within seconds with almost zero transaction charges. CasinoCoin is built using Ripple’s blockchain technology which is designed for immediate and cost-powerful global charge transactions.
How CasinoCoin Works
Any participant who wants to use CasinoCoin then he should download the CasinoCoin Wallet which is to be downloaded for Windows, Linux and Mac devices. From within your wallet, you are capable of sending, saving and receiving CasinoCoin in addition to viewing transactions and other data.
One of the massive aspects of CasinoCoin is the Bankroll Manager. This is what makes it different from the other cryptocurrencies which could be used for transactions. The Bankroll Manager is specially designed for the online gaming industry and solves a range of issues for both players and operators.
The Bankroll Manager App makes you able to transfer CasinoCoin among the operator and the player or between the operator and any other operator, allowing you to unlimited transactions in seconds. Another advantage is that the Bankroll Manager permits you for the completion of KYC checks.
In May 2019, rules and regulations come that have a great impact. According to the new guidelines now operators were required to approve all the accounts to make a deposit. This can sometimes be done through a ‘gentle check’ ; the use of a debit card however often requires the player to send ID documentation including copies of passports, driving licences, utility bills and financial institution statements. The CasinoCoin Bankroll Manager solves this problem for each party. It’s able to do that as CasinoCoin has partnered with Jumio who are liable for the verification of the ID for Coinbase users.
When you are using the CasinoCoin Bankroll Manager for the first time, players will upload their ID. Once it is verified by Jumio, the player is then capable of playing at any online casino or betting site after registering with the Bankroll Manager. Documentation is most essentially required that one time, for saving the participant time for a variety of attempts and making the job of the operator easier as they have successfully outsourced their regulatory verification checks.
Once it is verified, players can deposit, withdraw and transfer funds between operators with each other seconds. The CasinoCoin Bankroll Manager also includes functions for anti-money laundering measures and responsible gambling options. Again, making it simpler and more accountable for each player and the operator.
Who is behind CasinoCoin?
It’s no surprise that we are seeing trends of CasinoCoin in the online gaming industry related to cryptocurrency as players have been capable of using Bitcoin at a pick wide variety of operators for a few time, albeit without the advanced functions that CasinoCoin offers. However, the group behind CasinoCoin is what is maximum dazzling because the board is made by many skilled and influential people from the industry.
John Cadwell – Director of Advocacy – “Previously Editor in Chief for Pokernews.Com and had a senior marketing function for PokerStars”
Ashish Tawakley – Chief Commercial Officer – “Previously held a role at Betfair”
Duncan Cameron – Technical Director – “Managed the build & release of the PokerStars App which resulted inside the PokerStars receiving the ‘Mobile Operator of the Year’ award from eGaming.”
Lydia Barbera – Advisory Board Member – “Voted in the pinnacle ten most influential women within the online gaming industry. Until April became the ‘Head of Innovation’ at Microgaming.”
Jeffery Haas – Advisory Board Member – “Chief International Officer for Draft Kings”
Britt Boeskov – Advisory Board Member – “Chief Experience Officer at Kindred Group”
Lee Fenton – Advisory Board Member – CEO of Gameseys
Can you use CasinoCoin now?
Not simply yet. Not at least at the time of scripting this article (May 2019). However, the tech has been evolved and is pending approval following sandbox testing from the Maltese Gaming Authority. It is said that the crew have partnered with an unnamed operator to check CasinoCoin with more information and trends to be announced inside the near future.
Summary
CasinoCoin is an exciting solution which solves a lot of issues in the online gaming enterprise for both players and operators. It will allow the players to deposit, withdraw and transfer money among themselves within seconds without encountering any hurdle. It also eliminates the demand for players to add verification documents for every betting account which also makes life less difficult for operators who currently have to carry out these checks.