Crypto casino gamblers the world over enjoy playing on the SOFTSWISS platform. Now it looks like players in the USA might have a chance to as well with the launch of crypto-only WildCoins Casino.
The site is licensed in Curacao, and our sources indicate it may launch by Monday, November 8 for mobile and desktop play.
When they make their debut look for all deposit and withdrawal options to be cryptocurrencies including Bitcoin, Bitcoin Cash, DogeCoin, Ethereum, Lite Coin, and the USD-tethered USDT Coin.
Every Type of Casino Game is Expected
The type of games on offer will include streaming live dealer games, slots, roulette, craps, poker, jackpots, cards, video poker and accumulators with huge cash out potential for gutsy players on a roll with a stroke of luck.
It’s not clear yet whether any of the game interface options will include “coin” or “currency”, but many of the potential providers do offer that option at other sites on the same platform.
The difference is that you may be able to choose games that don’t require constant “math in your head” decisions based on the current exchange rate of cryptocurrencies. When your stake is displayed as a coin value, it’s much easier to make wise betting decisions and rely on your usual bankroll management habits.
Of course, a different strategy, blindly setting your stake as a percentage of your crypto bankroll, can have an unintended but happy consequence as well when you check your balance in the cashier after a few good wins and realize you were betting well outside your usual comfort zone.
Players in different jurisdictions may have different games available, but this could also be a maverick brand ready to offer games in the US market that are not even found on the “invitation only” crypto sites.
The full complement of games is preliminary, and may not all be available to players in the USA, but includes titles from 1×2 Gaming, August Gaming, Belatra, Betsoft Gaming, BGaming, Booming Games, Booongo, Casino Technology, Evoplay, Felix Gaming, Fugaso, Habanero, Igrosoft, IGTech, Lucky, Lucky Streak, Mancala Gaming, Mascot, Mr Slotty, Netent, Nucleus Gaming, Platipus, Play’n GO, Playson, Spinomenal, Spribe, Tom Horn Gaming, TrueLab, and Wazdan.
Players in the US should not expect to see Evolution Gaming on the roster but players elsewhere can look for Evolution, Ezugi, Pragmatic Play, and Vivo Gaming live dealer streams.
That list of providers is subject to update as well as availability based on licensing restrictions dictated by the providers via agreements in other regulated jurisdictions.
USA, Canada and Germany Among the Countries Accepted
Preliminary target markets for the site include America, Australia, Canada, New Zealand, and Germany. Restricted jurisdiction will include Curacao, Gibraltar, Israel, Ukraine, and the UK.
While the price of cryptocurrencies fluctuates, at today’s exchange rate the minimum deposit looks to be about $25 (0.0005 BTC, 0.05 BCH, 0.015 ETH, 0.15 LTC, 100 DOG, 25 USDT.)
Many crypto-only sites do not limit the amount of withdrawals, it’s not yet clear if WildCoins will.. Regardless, players in most restricted jurisdictions that tax gambling winnings, and users of exchange services like Coinbase that report volume transactions should use their own discretion about how much and how often to withdraw funds and follow the guidance of their local or federal taxing authorities.
Withdrawals at most reliable crypto-currency gambling sites are processed within 24 hours in order to reduce their exposure to currency fluctuations. Visitors would expect the same here once their account information has been verified.
All SOFTSWISS-platformed casinos that we have queried place a time limit on how long a player has to meet the wagering requirements when they accept a bonus. They also insist on a maximum bet per spin or bet per hand limit. Wise players will take that into consideration before committing 1 BTC or 1.25 BTC to the Welcome Bonuses.
Our research indicates that all casinos on this platform exercise due diligence in document verification. That means that if your identity documents are in order you can expect to wait up to three days for verification if there are no problems. KYC and AML are followed by all Curacao-licensed sites, so even if you only gamble in cryptocurrencies, be prepared to prove your identity and location.
Source: Industry Insider communiqué, withheld, November 5, 2021