Home » FAQ » What Happens If An Online Casino Closes? » Why an online casino may go bust?

Why an online casino may go bust?

In fact, there are several reasons for it. The most frequent include inefficient management and marketing, tough economic situations, and so on. Sometimes, operators have to close their businesses due to hacker attacks. For example, if a casino doesn’t ensure safety properly, fraudsters could steal money not only of the players but of the casino itself. In some cases, online casinos just cannot compete with the bigger companies. Because players choose huge well-reputed casinos over new sites, they can’t develop a customer base.

Of course! Moreover, their bonuses are often bigger than usual bonuses in FIAT. Some crypto casinos offer up to 5 BTC as a welcome package. At the moment of writing this post, 1 BTC costs about CA$63,000. Multiply it by 5 and you’ll get the highest bonus ever. Can you imagine what other ongoing promotions are like at these casinos?

Mirax casino offers players up to 5 BTC. This bonus has no cap on winnings and withdrawals. It means that no matter how much you win, you can cash it all out. However, the winnings from 150 free spins that come on top of 5 BTC let you cash out no more than 0.005 BTC from each set. A set of free spins includes 50 spins.

No, you can’t. At Gioo’s bonus terms and conditions, it says that players can only collect Gpoints by playing slots for real money. So all other games don’t count. If you want to play live games and get rewarded, then you can become an instant VIP. With VIP status, you can play the way you want.

The sweetest moment comes when you are about to withdraw your winnings. Actually, this is pretty simple. It requires some steps, but before we go to them, you should check your casino’s terms regarding the payment methods. The fact is that some casinos only allow you to withdraw with the method you deposited with. So, check the casino for this matter and let’s get started.

  1. Open the cashier’s section. Log into your casino account and find the section corresponding to the financial operations: deposit or withdraw. Click the latter.
  2. Choose payment option. The following step is to select your preferable payout option: bank transfer, e-wallet, cheque, banking card, whatever is suitable for you. Note that the fastest method is an e-wallet. However, choose the one you have and already trust, so you could keep calm while the money is transferring.
  3. Verify your personality. This step depends on the method that you have chosen. Mainly, banking cards require you to fill in the information form with your personal and financial data. So be ready for that.
  4. Wait until your money drops into your account. The last thing to do takes the longest time. Some casinos serve with the fast withdrawals of up to 2 days. And others make you wait for weeks. However, the waiting time depends not only on the casino, also on the payment option. For example, a cheque can be transferred within a month.

These easy steps will give you money. As soon as you get your money, do not hesitate and play some more to win again. What can be better than the feeling that you have won money for just playing games?

First of all, it should come from your heart. If you genuinely want to quit gambling or at least gamble responsibly and prevent gambling addiction, you need to make a firm decision. Simply remember that in life, there are many other important and fun things to do than games. To help you gamble responsibly, use our practical tips.

More articles on gambling topic

07.07.2021 1520
Hitting a jackpot is one of the most exciting things that can happen to a casino player. But if the jackpot can be hit every hour, it means unlimited happiness. ...
27.08.2021 1002
Officially, single-event sports betting is allowed on Friday, August 27. Bill C-218 was finally approved, which means the Canadian Criminal Code allows single-game sports betting across provinces and territories. We ...
14.04.2021 1586
Online casinos don’t mind spending gigantic sums of money to reward their loyal players. The reason for such a generous behavior is the considerable investments that high-rollers make to the ...