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!

Cryptocurrencies: A Game Changer for Online Casinos

Cryptocurrencies have become so popular in the 21st century, and the winds of payment innovation have swept online casino gaming for years, it was only a matter of time before it became the real deal.
Cryptocurrencies: A Game Changer for Online Casinos

Foreword

A cryptocurrency is a digital currency that is protected by cryptography to prevent counterfeiting/double spending. Cryptocurrencies have become so popular in the 21st century that they are the number one safe currency for digital transactions, and some online stores only accept cryptocurrencies as payment for every purchase.

This wind of payment innovation has swept online casino gaming for years, and it was only a matter of time before it became the real deal.

Cryptocurrency founder

Cryptocurrency as a digital currency was first created in 2009 by an organization called “Satoshi Nakamoto”. The first ever cryptocurrency was Bitcoin, and it remains the most popular digital currency to this day. Besides Bitcoin, there are other cryptocurrencies in the world that are legally acceptable to trade online.

Using Cryptocurrencies in Online Casino Gambling

Major casino brands and bookmakers are now accepting cryptocurrencies as legal tender for their registered customers to fund their gaming accounts and play games online. Accounts funded with cryptocurrencies by customers to play games are easily tracked and verified by online casino platforms.

Today, private companies, including casinos, now have their own personal cryptocurrencies that customers can transact on their sites. Large and international casino brands are now partnering with cryptocurrency companies to produce a unique digital currency for their customers to use to play their games, and they also use the same digital currency to pay out winnings into customers’ wallets.

Fast and reliable funding and withdrawals

Customers of gambling sites can now request their winnings in online casino games to be paid out via cryptocurrency into customer-submitted wallets to withdraw their crypto winnings.

Some large casino companies prefer their customers to pay their companies in cryptocurrencies because it is a fast and reliable method of funding their accounts, and any digital currency amounts paid or withdrawn can be traced back to the wallet. Once transactions are confirmed by the blockchain system, those transactions are usually completed quickly, and that’s it. This can be achieved without human effort.

Break down geographic barriers

Cryptocurrencies have successfully solved the challenge of geographic barriers when gamblers want to fund their gambling accounts. The issue of currency exchange and difficulty converting is another hurdle that online casino players have had to face for years. Acceptance of cryptocurrencies has been reduced to a minimum, except for those who still prefer the old-fashioned process of fiat transactions.

Why Online Gamblers Will Prefer Cryptocurrencies

More and more gamblers are starting to use cryptocurrencies to gamble in online casino games because of its flexibility and quick funding and withdrawal of winnings from gambling accounts. The use of cryptocurrencies has basically simplified online gaming payment transactions as many online casino companies are now jumping on the new wave.

Some gambling and casino brands are now attracting new customers and retaining old ones by rewarding them with their special coins, as rewards for playing games, funding novice gambling accounts, and celebrating special days and occasions. Cryptocurrencies can be easily used across the board and can be withdrawn by customers from their wallets and converted into physical cash.

Bitcoin – The Best Cryptocurrency for Gamblers

The best and most acceptable cryptocurrency generally accepted by casino companies worldwide is Bitcoin. One bitcoin is worth more than $18,000, and financial experts expect it to top out at $50,000 as its price continues to rise on digital markets.

Most casino shops allow customers to use Bitcoin for online transactions, as more and more customers can use Bitcoin by buying and hoarding, its price will continue to rise, benefiting cryptocurrency users.

Why Casino Gamblers Choose Bitcoin

Online casino players choose to use Bitcoin to finance and play their favorite casino games online due to Bitcoin’s market value, general acceptance and reliability as the world’s leading virtual currency today. Bitcoin has stood the test of time, and any online casino store that has not added it as an optional payment method for online gaming risks losing its customers to rival brands in the highly competitive gaming operations business.

Cryptocurrencies as an option for gamblers

The option for online casino players to gamble with cryptocurrencies does bring a lot of flexibility to the online gaming world as more and more young players now prefer to use cryptocurrencies to participate in their in-game and pre-match activities as well as online Casinos are stress free. Transferring cryptocurrencies from customer wallets to casino company wallets takes just a few seconds, and the same thing applies to withdrawing virtual winnings in cryptocurrency from the casino platform. And there are a thousand bitcoin merchants that can easily help you convert bitcoin to fiat cash.

You might also like...

More Casino Introduction

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.

©PHS online casino. FA Marketing SEO & Design