Vegascoin
Pros
Licensed casino
Low minimum deposit
High maximum cashout
Decent number of games avaialble
Brand new place to play
Cons
Boring bonuses
Steep wagering requirements on promotions
Vegascoin Details
Table of contents
Vegascoin is a casino which has just launched! If you are a player who's always looking for the cutting edge of the casino industry where you can play innovative games and benefit from novel services, you might be keeping a track on such gambling houses. Unfortunately, this one is pretty standard as far as most houses go, and does not offer anything different than the vast majority of its peers.
Still, it has some definite advantages. For instance, the casino is fully licensed, and we like some of its payment policies. The games you can play are not really all that many, but they are leading titles from the best developers nowadays. And, since no casino is perfect either, Vegascoin has some downsides too. These have to do mainly with the bonus policy of the house, and how strict their conditions are.
So, is this a good place to bet, or not? The answer to that question requires a closer look at everything we mentioned so far, and more. So join us as we go over the most important details of the casino, in our conclusive review of Vegascoin below:
Bonuses
Here are all the bonuses this casino offers at the time of writing:
Bonus | Min deposit | Max bonus | Wagering requirements | Cash out limit |
Welcome Bonus | Unspecified | 120% up to $2000 + 250 spins | 50x | 10x the issued bonus |
Second Bonus | Unspecified | 120% up to $2000 + 250 spins | 50x | 10x the issued bonus |
Third Bonus | Unspecified | 120% up to $2000 + 250 spins | 50x | 10x the issued bonus |
Fifth Bonus | Unspecified | 120% up to $2000 + 250 spins | 50x | 10x the issued bonus |
Weekly Reload Bonus | Unspecified | 120% up to $2000 + 250 spins | 50x | 10x the issued bonus |
Weekend Reload Bonus | Unspecified | 120% up to $2000 + 250 spins | 50x | 10x the issued bonus |
All of these promotions have the same Terms to them, and award the same amounts of money. This is incredibly unusual, and speaks to the promotions either not being outlined properly, or there being some technical issue with the website. There are two more possibilities to consider too, that the promotional structure of the house is still not done, and, of course, that it just offers seven identical bonuses.
So, let's go over the main conditions of these promotions. First off, none of them specify their minimum deposit requirement. You can deposit as little as $10, which is the general minimum you can cash in, in order to obtain the promotion. However, instead of a 120% bonus, it will be just 100% of the sum you cashed in. And instead of 250 Free Spins, you will receive just 150. If your deposit is of $30 or more, you can get the higher multiplier and number of Free Spins. Note that the Free Spins will be credited to your account in the following way: 50 of them will become available instantly, while the rest will be spread out over five days.
In general, that is fairly high as far as bonuses go, and so is the maximum of $2000 up for grabs for any of these promotions. Keep in mind, though, that you need to clear the wagering requirement of the promotion. Such requirements are fairly commonly associated with the bonuses of casinos these days. They represent the number of times you need to wager every one of them be allowed to withdraw the promotional funds and the money associated with them. 30x to 40x is where most houses set their requirements, but Vegascoin has a 50x wagering requirement on any of the promotions that it hands out.
We consider that to be way too much. What's more, we are not impressed with the cash out limit on the bonuses. It is of 10x the initial amount you have been awarded. The problem with that is not really the limit itself, as it is a pretty standard amount. It just feels bad to be restricted in how much you can win while being required to clear a pretty insane wagering requirement! As for the bonuses themselves, let's take a look at them:
- There is a collection of Welcome Bonuses which you can get access to. These are the First, Second, Third and Fifth Deposit Bonuses. What is most perplexing about these promotions is not the fact that they have the same conditions. The Fourth Bonus is just missing, and we have no clue why. This raises the question of whether the Package made up of four or five bonuses.
- Next, the casino has two Reload Bonuses. These can be claimed either during the work days, in the case of the Weekly Reload Bonus, or on Saturday and Sunday, with the Weekend Reload Bonus. Once again, if there is supposed to be any kind of distinction between these, it is not mentioned in the Terms and Conditions, which are identical for both!
The casino also has two other promotions to note. First off, it seems to have some kind of Loyalty System in place. The more you wager, the more Comp Points you can gather. Supposedly, this will let you get certain rewards for these points, but currently, there is no mention of what they look like. From what we have seen with other casinos, these can be exclusive deposit bonuses, cashback opportunities or other similar perks.
The second kind of bonus is the Tournaments. These allow players to compete with each other by wagering on certain games. At the end of the duration of the competition, the player with the biggest winnings claims the special prize of the tournament. So far so good, but the competitions only award the Comp Points of the casino, which are currently useless. Meanwhile, other houses have huge cash prizes they hand out, which are usually not bound by any kind of withdrawal restrictions. At the time of writing, it is pretty much pointless to participate in the Tournaments that Vegascoin runs.
License
Fortunately, when it comes to regulation, this casino delivers. Here is what it has to say on this important topic:
It claims to be licensed in Curacao, and to be under the oversight of the Antillephone. Curacao is a rather unique regulatory jurisdiction, since it has not one but four regulatory bodies. They have turned the small nation into the most popular destination for casinos to be set up in nowadays. But how can we verify the claim that Vegascoin makes about its license? Fairly easily, thanks to the Digital Seal each license holder with the Antillephone is required to implement on the website. This seal is visible in the screenshot above, it is the little orange dot, which can be clicked in order to bring up the following:
What you can see from this is the fact that the casino runs from the approved domain of a regulated company – SG International N.V. Now, we'd like to go over the protections you can expect from the fact you will be dealing with a licensed house:
- First off, the data you share with Vegascoin will be encrypted, and will be stored up to par with some of the most stringent security protocols out there, as per the requirements of the Antillephone. This is very important, since casinos need to collect a lot of sensitive information on their players. That is necessary in order for them to comply with different KYC and AML measures! The data they gather includes your identifying documents and tons of payment information. With such stringent protection, you can be sure that all of this confidential info will not be falling into the wrong hands!
- Secondly, the games you can play with licensed casinos are held to a high standard too. Every one of them uses a random number generator. This is a complex mathematical algorithm, which determines the outcomes of bets. The regulatory bodies of Curacao require casinos to undergo audits of said algorithms. The audits certify that there is no undue bias within it, which means you can be sure you are actually playing a game of chance with licensed houses. What's more, the people performing audits are all independent professionals, selected by the regulatory authority!
- Thirdly, regulatory bodies nowadays also try and combat problem gambling. That is done in several ways. First off, casinos are required to provide players with resources, which can help them determine whether they have such issues and seek help if that is necessary. Secondly, there are also several self-exclusion measures which casinos need to have available. These can be the ability to set custom deposit and withdrawal limits, as well as closing down your account if you find that necessary. This comprehensive approach helps make casinos better and more fun for every player out there!
We think that the casino being licensed is one of the best things about it. In general, we prefer houses like that over unlicensed ones any day of the week! Now, let's take a look into the languages Vegascoin is available in, and the countries where it does not offer its services. Here are lists of both of these:
Languages: English, Russian, French, German, Spanish, Italian, Portuguese
Restricted countries: Curaçao, Netherlands Antilles, United States, United States Minor Outlying Islands, Virgin Islands, U.S.
Finally, we'd like to mention that the casino operator behind Vegascoin and its different brands have appeared among our reviews in the past. If you are interested in what else the parent company of this house has to offer, here is a list of these other brands we have covered so far:
SG International N.V. Casinos:
Deposit and Withdrawal
There are not too many means of payment with the house. In fact, we only counted four of them in total. That is rather disappointing, but there is still a decent variety. Vegascoin accepts credit cards, Interac, Crypto and Jeton. Here are the details about these payment methods, as well as the currencies you can cash in with:
Deposit method | Minimum | Maximum | Processing time | Fee |
Credit/Debit Card | $10 | $10000 | Instant | Free |
Jeton | $10 | $10000 | Instant | Free |
Interac | $10 | $10000 | Instant | Free |
Crypto | $10 | $10000 | Instant | Free |
Currencies: US Dollar (USD), Brazilian Real (BRL), Mexican Peso (MXN), Euro (EUR), Canadian Dollar (CAD), Australian Dollar (AUD)
Note that some of the deposit means will not be available everywhere. For instance, Interac can only be used if you are a Canadian resident. Other than the rather limited selection of deposit methods, the actual conditions around them are pretty great. That way, there is a pretty low minimum deposit of $10, while the maximum is all the way to $10 000. There are no fees for cashing in with the house, which is great too.
However, sometimes transactions have third party charges, by the payment providers themselves. These will need to be covered by the player, which is how most casinos do things nowadays. We would also like to mention that these charges will be especially notable if you plan on using crypto, as you need to cover the miner fees for every transaction.
With that in mind, let's take a look at the withdrawal methods as well:
Withdrawal method | Minimum | Maximum | Processing time | Fee |
Credit/Debit Card | $10 | $10000 | up to 7 days | Free |
Jeton | $10 | $10000 | up to 7 days | Free |
Interac | $10 | $10000 | up to 7 days | Free |
Crypto | $10 | $10000 | up to 7 days | Free |
As a part of their AML measures, most casinos require players to wager the deposits they have made a certain amount of times before they can withdraw. Usually, the specific amount of times is between 1x and 3x. No such thing is mentioned in the Terms and Conditions of Vegascoin.
The minimum and maximum withdrawal amounts are once more $10 and $10 000, respectively. These are excellent figures, and are highly competitive with other casinos. Nevertheless, the house has a bit of a downside to its maximum withdrawal. It says that any request to cash out $1000 or more takes seven days to clear. That is not really acceptable, and most of the rest of casinos nowadays have much faster times in which they resolve payments.
What's more, the time it takes to clear deposits under this amount is not particularly great either, as they take up to 3 days. At least there are no fees, but what we said about the third party charges applies here too.
There is an inactivity fee which we'd also like to show you:
It is not make clear what the fee actually is, but we expect it to be between $5 and $10 monthly. Such fees are pretty common nowadays, and are no cause for concern in general.
Games and Game Suppliers
The list of Game suppliers this house works with can be found below:
Game providers: 1x2gaming, Amatic, Apollo Games, BGaming, BeeFee, Belatra, Betsoft, Booming Games, 3 Oaks, CQ Gaming, CT Interactive, Concept Gaming, Evoplay, Evolution, Fugaso, Golden Race, Igrosoft, Iron Dog Studio, Kiron, Leander, Leap-Gaming, Absolute Live Gaming, Games Global, Mascot, NetEnt, PGSoft, Wizard, Salsa Technology, Platipus, Play'n GO, Playson, Push Gaming, Quickspin, Red Rake, Relax Gaming, Spade Gaming, Lady Luck Games, Spinmatic, Spinomenal, Spribe, Thunderkick, Tom Horn, WACS, Wazdan, WorldMatch, Yggdrasil
As we said at the start, it is less than what we generally expect – 50 or so Developers. Nevertheless, you can play some excellent games, like the following:
- Slots: There are tons of Slots with all sorts of themes and features. From Hot Crazy 7s, to Kensei Blades and Heart's Desire, there is truly something for everyone here!
- Table Games: We are impressed with how many virtual dealer versions of table game classics like Baccarat, Poker, Blackjack and Roulettes there are. These are also available in a live dealer version too, if you prefer to play them that way!
- Game Shows are sadly not available, and you can only play the live table games we mentioned above. There are no Crash games either, so the casino has a lot of room to grow its games catalog in our opinion.
Conclusion
To sum everything up, Vegascoin is not a bad casino, but there are better places to bet out there, with more comprehensive bonuses, bigger games libraries and more payment conditions. Overall, there is just not much of a reason to recommend this house over them, even though it is new at the time of writing.