2023 Fintech and Financing Conference & Expo

Registration Process and Safe Playing at an Online Casino

Oct 14, 2022

Online casino registration - Registration Process and Safe Playing at an Online CasinoIt’s easy to find an online casino where you can enjoy some of your favorite games. Today even smaller platforms offer tons of slots and table games, but you do need to think wisely before signing up. If you look at user forums and gambling blogs, you can find lots of negative experiences. People play and win money, and then operators refuse to payout money using different excuses. So, let’s see what are some of the things you should know before registering in order to stay safe.

Only Play on Reputable Platforms 

It would be a good idea to play on a site that has a reputation to maintain. Big brands that sponsor soccer clubs usually have enough capital to cover big payouts and jackpot winners. However, it’s understandable if you would like to play on a different platform if they have better promotions. So, to find reputable online casino operators, you can go on a website that reviews and ranks those sites. Here you’ll be able to find casinos based on different categories:

  • Top mobile app
  • No deposit bonus
  • Free spins
  • Specific payment methods available
  • Best slots

These websites aim to provide readers with useful insight and point them in the right direction. As a result, they mostly rank tried and tested or licensed operators. So, it’s safe to say that you can pick any site from their list. That being said, if the list looks old or outdated, you should check on your own whether a certain operator still has a license. After all, licenses need to be renewed, and operators need to be up to date with the latest regulatory requirements.

Play on Sites Available Locally

Even if you find a licensed operator, it is still better to focus primarily on the sites that are available in your country. First, you won’t have to use VPN to access it, and second, clearing payments will be a lot easier. Licensed websites need to comply with financial regulations as well, and sending international payments isn’t always easy, especially if you are based in a higher-risk jurisdiction. So, if you are located in Chile, for example, it would be a lot wiser to pick a casino online Chile website since money transfers will be a lot smoother. Moreover, you might have to wait for a long time before payment is processed when you opt for a site based in a foreign country.

Registration Process

Different gambling sites have different signup processes. Some are quick and easy, where you just fill in a few fields and verify your email. Alternatively, they might ask for a phone number and send a verification code via SMS. However, just because your account is created, it doesn’t mean it is verified. Typically the verification process will start when you wish to make a withdrawal for the first time. This is when an operator might ask for an array of documents in order to verify your personal identity.

Some of these sites have purposely made a long list of requirements in order to deter people from making withdrawals. Others might need an extensive list of documents in order to clear your payment. Ideally, you want a website that is once again operating in your jurisdiction and has reasonable requirements for profile verification.

Playing Without Signing Up  

It is also possible to play online casino games without making an account on their website. This is a new trend in the gambling industry and it is called crypto casinos. Since they primarily do business in cryptocurrencies it doesn’t matter where they are based so long as they are trustworthy. With blockchain payments, both deposits and withdrawals are processed quickly and cheaply, regardless of where you are located. Moreover, you don’t need to share any personal information for a payment to be processed, so there is no need to create an account.

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You will get an URL where you make a deposit and play. This is a big trend because a lot of companies are not forthcoming about their practices. They are potentially selling your data to data brokers and making additional money on the side. This erosion of trust between users and online businesses has led to the increased popularity of cryptocurrencies.

Conclusion

As you can see, it shouldn’t take too long to identify a reliable online gambling site. However, you should always be aware of what you agree to during sign-up. Many casinos have players automatically agree to their welcome offer as they are creating an account. You don’t want to do this especially if you haven’t read the terms and conditions of a welcome offer. So make sure not to tick that bonus box. If you agree to it you might agree to heavy wagering requirements making you ineligible for withdrawal.


NCFA Jan 2018 resize - Registration Process and Safe Playing at an Online CasinoThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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