PHS online casino

PHS Casino Rating

Find The Best Casinos in Philippines

PHS(Philipino’s) Casino Rating brings together the top casino brands in the Philippines and introduces you to their promotions one by one. If you want to learn about casinos in the Philippines, and more casino knowledge teaching, you must not miss it!
Game Type of Online Casino

PHS Casino Rating

Comparing The Best Casinos in Philippines

PHS(Philipino’s) Casino Rating brings together the top casino brands in the Philippines and introduces you to their promotions one by one. If you want to learn about casinos in the Philippines, and more casino knowledge teaching, you must not miss it!

2023 Cryptocurrency Market and Online Casino Gambling Guide

Cryptocurrencies are something more and more people want to do, and there are many reasons for that. Especially when playing at online casinos, cryptocurrencies offer several important factors that make them a very popular payment method.
2023 Cryptocurrency Market and Online Casino Gambling Guide

Foreword

Technology has advanced by leaps and bounds in recent years, and we have access to a steady stream of new tools and services. Today, we can access them with just a few keystrokes. Some of the most popular are online casinos and cryptocurrencies, and that’s what we’re going to discuss.

Cryptocurrencies in Online Casinos

Let’s start with what is a crypto casino. This is an online gambling platform that allows you to make deposits and withdrawals in one or more cryptocurrencies. It supports cryptocurrency payments and can be considered a bitcoin casino.

The truth is, cryptocurrencies are something more and more people want to do, and there are many reasons for that. Especially when playing at online casinos, cryptocurrencies offer several important factors that make them a very popular payment method. Many betting sites also frequently introduce new currencies. BTC is the most popular one.

Methods of storing bitcoins vary depending on the technology chosen. Cold wallets are more suitable for investment. Cryptocurrencies can be stored on computers or flash drives. Also, no one can spend bitcoins unless they have direct access to them.

Visit the Bitcoin Gambling Guide to learn more on the subject. The review provides all the necessary details on how to play, deposit and withdraw money with cryptocurrencies.

How does blockchain work in gambling?

The operation of blockchain casinos is based on smart contracts. It is a digital agreement whose purpose is to transfer information and ensure that the stated terms of the agreement are enforced.

In other words, it is a program that performs certain actions when specified conditions are met. Contracts provide players with payouts when they win. How it works:

  1. Conditions must be clearly stated.
  2. In case of a win, players automatically receive cash rewards in their wallets.
  3. Since payments (transfers of information and material value) are made directly, without banks and intermediaries, all transactions happen as quickly as possible without any delays.

Advantages of Cryptocurrency Casinos

Bitcoin casinos have several benefits over traditional online casinos:

  • No license is required. Since crypto casinos do not have central servers in any country, they do not require approval in the form of a gaming license from the authorities of the country where the server is located. Also, such casinos do not have any restrictions on allowing visitors from a specific list of countries.
  • The RTP of games offered by crypto casinos is guaranteed. Thanks to blockchain technology, players can now check the RTP of the games they choose to play. Because the technology cannot be spoofed, regular audits are not required.
  • Crypto casinos may be automated. Unlike traditional online casinos, Bitcoin casinos don’t require you to manually verify each activity. For example, every action is already on the blockchain, so players are rewarded instantly, and every win is automatically linked to a smart contact. In layman’s terms, the winner will undoubtedly claim his prize. Blockchain technology is independent and does not allow external intervention.
  • Crypto casinos offer higher winning odds than traditional online casinos. RTP also varies. Most games on crypto gambling sites have an RTP of 98-99%, while normal games have an RTP of around 95%. Therefore, wins in crypto casinos will happen more frequently.

Disadvantages of Crypto Casinos

Meanwhile, cryptocurrency casinos are a fairly new phenomenon, and many of the organizational concerns surrounding their operations remain unresolved. Also, Bitcoin casinos are not always licensed. They usually specialize in games designed just for them and can’t always boast variety.

Most gambling sites that use cryptocurrencies offer welcome bonuses for new players. They are not standardized, which means that each platform has its own set of rules and limitations. Therefore, it is always a good idea to read the terms and conditions of deposit bonuses.

Conclusion

Our guide consists of the most basic rules a novice gambler needs to know and consider. Remember the most important rule: don’t be afraid to take risks and success will follow. But be sure to think carefully and consider everything before making a decision.

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Most Common Online Casino Scams

There are a variety of different scams that you must be aware of before playing online gambling games. That’s why we’ve prepared a checklist of online casino scams to help you figure out how you were targeted and what the scammers are targeting.

Sadly, Philippine online casino scams abound. Therefore, if you do not take precautions, you may suffer losses.

Here are some of the most common ways casino players get scammed:

Deposit theft is arguably the most common scam and unfortunately very common. Sometimes, players make deposits, but their funds never show up in their accounts. Or, they may receive a notification that their deposit was declined despite having enough money.

Bear in mind that this could just be a glitch or a one-time accident. But if this happens to you, please contact customer support immediately.

Online gambling scams can take the form of casinos that don’t pay. Here, players win money, but the site claims they don’t meet the wagering requirements for withdrawals, even if they do. Alternatively, the site might say that there was an “error” with the deposit.

If you still do not receive your bonus after meeting all the requirements, you are most likely being scammed.

Since most online casinos offer some type of bonus to convince players to play, some scammers often take advantage of this to their advantage. That is, they create fake offers that look too good to be true (and they are!) and trick gamblers into depositing money where they don’t get any benefit.

Of all the online casino scams in the Philippines, this one is probably the most difficult to avoid. When creating an account with an online casino, you will be asked to provide personal and banking information such as your legal name, address, date of birth, social security number, and credit card information to proceed to the next step of the application process.

Unfortunately, hackers and scammers can access this information and steal your identity or commit other types of fraud.

When most people hear online gambling scams, they think of malware. This is for good reason, as hackers can steal your information by infecting your computer. This type of malware can give strangers access to your personal data, who can threaten you with money (ransomware).

Here, the best thing you can do is pay attention to the links you click and the websites you visit, and install a good antivirus program. Remember, phishing is a scam, so if you find those responsible, they face serious consequences.

Some scammers create fake online casinos and manipulate the games so that you never win. By doing this, they encourage you to keep playing (and losing) in the hope that you will eventually give up or deposit more money.

Unfortunately, these scams are harder to prove than blatant frauds because casino games don’t necessarily give you the best overall chance of making money.

A sure sign that an online casino is a scam is that it doesn’t have an effective customer support team. Usually, this means that if you run into any problems, you won’t be able to contact anyone for help, thus losing your money.

Fortunately, you can easily check the response rate of any casino’s customer support representatives before you sign up, just by asking them a few questions about the casino. If they never respond or take days to respond – take a detour.

What to do if you encounter online casino scams?

If you think you’ve been the victim of an online casino scam, there are a few things you can do to make sure it doesn’t happen to anyone else:

Spread the word

Without a doubt, one of the best ways to warn others about online gambling scams is to write about your experiences online. Everyone can look up anything these days, so you can be sure that whenever someone searches for a scam casino, they will be bombarded with negative reviews.

If you have real-life friends who are also gambling enthusiasts, you should also warn them about fraudulent casinos.

Contact the Casino's License Provider

If the casino is licensed by a reputable and legitimate organization, you can file a complaint directly with the company that issued the license. However, keep in mind that this may not always yield results. Either way, any action you can take is worth a shot.

Browse Gambling Blogs

Last but not least, you can sift through numerous gambling blogs and forums to determine what they have to say about the casino and what they review. Usually, these sites are filled with people sharing their experiences, good or bad, and this is what you need.

To help others avoid your plight, please post about the online gambling scam you have suffered and advise others not to visit the culprit’s casino.

How to prevent falling for online casino scams?

Fortunately, there are steps you can take to prevent falling victim to casino scams. If you follow these tips, you’ll probably avoid a headache, at least until you’re sure about the casino’s legitimacy.

Unsurprisingly, the most important thing you should do before committing yourself to an online casino is to do your research. If you follow a gaming platform, read its reviews and see what other people are saying. Of course, if there are more bad reviews than good ones, it’s best to avoid the site and look elsewhere.

Bear in mind that this could just be a glitch or a one-time accident. But if this happens to you, please contact customer support immediately.

With our roundup of malware and spyware scams, it’s wise to install an antivirus program on your computer to help protect you from online threats. After all, viruses are responsible for more than 11% of all cyberattacks and security breaches in the Philippines, so why not take some precautions so you can browse with confidence?

When you first log into a new casino, it’s always a good idea to make a small deposit instead of going all-in right away. That way, if the casino turns out to be fake and you fall victim to an online gambling scam, you won’t lose too much money. Yes, any lost money is unfortunate, but losing $10 or $1000 won’t hit you in the same way.

All legal online casinos have licenses issued by gaming regulators. Generally, you can find this information on the casino’s website, usually at the bottom. If you can’t find it or the casino doesn’t have a license, that’s a red flag.

Please read the casino’s terms and conditions before creating an account and entering sensitive information. Yes, all of them. By doing this, you’ll know exactly what you’re agreeing to and won’t be caught off guard by unfamiliar practices or requirements. If yes, you will have legal grounds to sue.

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