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!

Increase your online casino winnings by withdrawing money to cryptocurrencies.

It is no longer news that cryptocurrencies have become the face of online gambling today. Let’s take a quick look at how withdrawing cryptocurrency can help improve your winning potential at an online casino.
Increase your online casino winnings by withdrawing money to cryptocurrencies.

Foreword

It is no longer news that cryptocurrencies have become the face of online casino today. Unlike in the past, businesses are now utilizing these digital currencies for a faster payment experience and higher investment potential. As a result, players can cash out their entire winnings and avoid the hefty fees found in most standard banking options. With this in mind, cryptocurrencies offer plenty of investment opportunities for individuals and businesses; they also apply to almost any online business that processes payments.

So far, online casinos now accept cryptocurrencies such as Bitcoin, Litecoin, and Ethereum for withdrawals and deposits. In the Philippines and other parts of the world, these cryptocurrency casinos are already huge in number and growing every day.

Let’s take a quick look at how withdrawing cryptocurrency can help improve your winning potential at an online casino.

Why You Should Withdraw Cryptocurrency Casino Bonuses

There are many reasons why cryptocurrencies continue to explode, due to their worldwide acceptance and limited supply. Whether you are a beginner or an experienced gambler, withdrawing money using digital currencies will lead to greater profits because of the many benefits these currencies have.

Here are some reasons why you should cash out your casino bonus in cryptocurrencies:

Instant withdrawals with low fees

In some cases, casino withdrawals are very complicated. Also, some withdrawal options have high fees and withdrawal fees. As a result, players often do not receive their full bonus when using certain fiat withdrawal methods. However, the situation is different with cryptocurrencies as players get low withdrawal fees and instant payout experience.

Cryptocurrency transaction confirmation time

  • Bitcoin (10 minutes)
  • Litecoin (2 minutes)
  • Ethereum (<10 minutes)
  • Bitcoin Cash (10 minutes an hour)
  • Ripple (<5 minutes)

High investment potential

Digital coins have a high return on investment. They offer casino players a wide range of earning opportunities due to their investment potential. As of 2020, one Bitcoin is worth about $7,000. Fast forward to 2022, and the value of one bitcoin will stabilize at around $47,000. This growth is more than 600% in two years. Other digital coins have also experienced these huge growth rates, paving the way for crypto gamblers to withdraw more money from different digital currencies. If the value of the cryptocurrency increases within a few hours, your bonus will also increase with your value with the current exchange rate of the selected currency.

Profitable bonus

Digital coins are still relatively new, so most casino users are not yet familiar with crypto-based wallets. As a result, most cryptocurrency-based casinos now offer huge bonuses to new and returning players. All casinos offer welcome bonuses; however, these bonuses usually increase with digital coins as the casino tries to attract more users with these special offers.

Conclusion

Digital currencies have taken over the gambling world for a number of reasons. In addition to overall anonymity and security, crypto-based payments are instant and free. Thus, users experience decentralized payments. Digital coins do not directly increase your online casino winnings; however, they provide a better banking experience and higher chances of winning.

Digital currencies have a higher growth rate than fiat currencies, so the time it takes to make a profit is much shorter. However, using cryptocurrencies works both ways, as these coins also lose value most of the time. Overall, the benefits of exiting cryptocurrencies outweigh the disadvantages, so there are more rewards in the long run.

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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.

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