UK player done with regulated casinos. How to move to unregulated play?

[EkJR]

I withdraw €4k (USDT) they charger me like €32 is not bed, still cheaper then wallet, Coinbase charger €50 for €1k

Yeah, as said, you can receive no problem and fees are very reasonable(unless BTC). Just won't be able to keep sending USDT so a bit of a pain.

 

[Guntis]

Revolut Bank now they taking other crypto as deposit&Withdraw on Ravolut account, I did USDT withdraw not long ago to my revolut account, I try to make deposit from Revolut to casino last week all the BS regulation pop up my account got frozen for 2 hrs lol

I got asked for sources of funds as welll becous of those rugulations. It's impossible for me to provide them anyway as most are from crypto casinos where all they know about me is random usernames plus I already closed some of those casino accounts.

Revolut is a very handy payments option but those UK regs fucks it up. I'll be closing it down.

 

[Guntis]

Yeah, you can receive any crypto to revolut from which they accept, and this is what I was doing - sending crypto casino winnings to Revolut. And now they are asking for - where 56k comes from.

Coinbase doesn't ask about it, but I guess it's just a matter of time.

 

[SlotGrinder]

Cant you use electrum wallet or something similar?
Theres no ID required at all
but its only btc

 

[Guntis]

Yea it's a good option, similar to having a private crypto wallet. But the problem is that Tesco or Sainsburys won't give you a pack of sausages, bred and milk for digital coins.

 

[SlotGrinder]

Yea it's a good option, similar to having a private crypto wallet. But the problem is that Tesco or Sainsburys won't give you a pack of sausages, bred and milk for digital coins.

Ha funny you say that because there are a couple of websites I use where you can buy gift cards with crypto. I have bought many Sainsbury's giftcards with bitcoin haha and you just scan them at self checkout, so no hassle. Also bought Tesco ones too and Amazon. Pretty nice websites, never had any issues after like 20 or so purchases

 

[Guntis]

Ha funny you say that because there are a couple of websites I use where you can buy gift cards with crypto. I have bought many Sainsbury's giftcards with bitcoin haha and you just scan them at self checkout, so no hassle. Also bought Tesco ones too and Amazon. Pretty nice websites, never had any issues after like 20 or so purchases

Hah... i never even thought about it , and they have all sorts of such cards.

 

[Ant1975]

Ha funny you say that because there are a couple of websites I use where you can buy gift cards with crypto. I have bought many Sainsbury's giftcards with bitcoin haha and you just scan them at self checkout, so no hassle. Also bought Tesco ones too and Amazon. Pretty nice websites, never had any issues after like 20 or so purchases

Which gift card site would you recommend? (If you're allowed to say on here?)

 

[satchnz]

Interested to know the best too. After a Google search, I looked at the first two hits and one wanted £106 for a £100 Tesco voucher, and the next wanted a few pence over £100. Plus network fees I assume.

 

[Guntis]

bitrefill.com takes just 6 pence for a £100 Tesco voucher.

And when buying with LTC it was just 2 pence when i looked.

I'll be getting one of these from my winnings. Food is essential anyway, and you won't lose the voucher money back to the casino.

 

[satchnz]

bitrefill.com takes just 6 pence for a £100 Tesco voucher.

And when buying with LTC it was just 2 pence when i looked.

I'll be getting one of these from my winnings. Food is essential anyway, and you won't lose the voucher money back to the casino.

Yes, Bitrefill was my second hit. Thanks for the info.

 

[Guntis]

Pay on The Great British Pub with Crypto!

That may also do, lol

 

[SlotGrinder]

Which gift card site would you recommend? (If you're allowed to say on here?)

I used bitrefill a lot. Also, I've used coinsbee multiple times. Both have been fine for me, never any problems
Bitrefill sometimes send me offers too via email, like 10% cashback on next purchase

 

[Sirbigwin]

I'm finished with UKGC casinos early this month. There's multiple reasons why:

- Source of Wealth checks happening more frequently despite being net positive on casino groups, forcing you to hop casinos and eventually delve into the crap casinos with low RTP slots. Had one a few months ago (MrQ/Lindar Media) retaining my £115 asking for SoW after the withdrawal had been made. I still am yet to receive the funds by the way!

I'm self-employed and pay myself in the form of dividends and understand there's multiple people on here in the same boat. It seems however, the document teams behind a lot of these casinos can't compute this, and request payslips only. I will say though, fair play to a few of the sportsbooks that understood my financial situation and found my documentation to be sufficient (Bet600, Vickers, Fafabet, Starsports were all fine), but some of the bigger casinos... I just found it too big of a hurdle and decided to hop.

To make things worse, starting August 30th customers spending £500 a month will have financial checks.

- Pretty much all UK casinos are progressively reducing their RTP's across the board. There are a few exceptions such as LeoVegas, but even then they have 94% versions PlayNGo slots.

BigTimeGaming started creating lower 94% RTP versions of their new slots such as Panda Money and Fireworks Megaways, but now they're creating low RTP versions of their OLD slots? Like come on BTG, there's not much evidence of you paying anywhere near the declared amount of X stake potential on the 96% versions!

Example of Spicy meatballs at 94.08%, previously 96.57%:



- Since i've been playing at a crypto casino, it made me remember how useful the autoplay function is. Turbo spins... not so much!

- I do sometimes have long play sessions and along the way I can withdraw and eventually re-deposit later in the day. This is fine providing you have a net deposit limit, but a few casinos still don't use a net deposit system (Netbet, Nyspins/Duelz to name a few). Even with net deposits, SoW requests have been triggered just from depositing and withdrawing frequently, despite being net positive on some sites.

- One important thing... there's no generous promotions for UK customers! There's a massive surge in online gambling within the last few years, and with this demand there's been no reason for UK casinos to have any deposit match bonuses or cashback incentive. Deposit bonuses available now are normally for a small amount, with small max win conversion caps.

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I could go on forever with the negatives with UK casinos, but these are the main highlights. I now am playing at a crypto casino called BC Game, and so far it's been a very smooth experience. There's pretty much every slot provider and game you can think of at the highest RTP, with deposit bonuses that you unlock from wagering over time. They also provide weekly/monthly cashback which is very handy for me as I wager high amounts, as well as daily wheels and quests (Mainly wagering quests). The bonus currency comes in the form of 'BCD', which is essentially acts as USD and can be converted to a large pool of cryptocurrencies for a small fee.

A lot of people are skeptical regarding crypto casinos and I understand. Many associate crypto with criminal activity and money laundering. I personally find using crypto very useful and easy to use.

For casinos, I have been using LTC (Litecoin) for deposits and withdrawals due to the exceptionally low fees and fast transaction speed due to the low amount of confirmations needed. Another important thing is with Cryptocurrencies being volatile assets, I find LTC to fluctuate significantly less than most of the other coins on there, but a bad day for BTC/ETH will affect essentially all other cryptocurrencies. I don't mind holding LTC myself, but I sometimes convert to USDT (Tether) if I have a 4 figure win, as it's stable and pegged to 1 USD. I wouldn't recommend USDT if you're playing with very small amounts due to the larger transaction fees.

I'm very aware of the KYC hurdle some people have faced, which does lead me to my next point... play with small amounts to reduce risk of KYC requests and potentially losing your funds. Another thing is whichever country you decide to 'move to' for your VPN, keep it the same every time you login. There's players like 'The Bandit' who are constantly changing country to have access to different game providers, which is more likely trigger KYC. I'm currently in Ireland, and from what i've found PlayNGo, Microgaming, Novomatic and Gamomat are not allowed in this jurisdiction.

I personally have not encountered any issues with BC so far and will continue to play on their platform. There are many other casinos out there, but it's good to see a large money flow on this site and probably less likely to confiscate winnings to a smaller crypto casino.

I have closed all my UK casino accounts (Except one, with 3 hearts from Lil Devil heartstopper!). Good luck, stay safe.