Vegascoin Casino Review: Scam or Safe?

Vegascoin is a fairly good Curacao-licensed casino that never truly managed to impress us. Although this establishment offers a decent selection of games, we did not find anything else that is particularly spectacular about them. The bonuses seemed good but came with vague conditions. Although the minimum deposit and withdrawal amounts were low, and there were no specific withdrawal limits, we were not impressed by the small selection of payment methods and the long withdrawal processing times.

Vegascoin Bonuses

Vegascoin offered a few different bonuses – a Welcome Package that promised bonuses on your first four deposits as well as various weekly promotions. These bonuses came with absolutely identical conditions – and those conditions were hardly always clear.

All of the casino's bonuses came with the same conditions. The minimum deposit amounts varied depending on the currency you were depositing in. They were as follows:

• Chilean Peso (CLP): 30,000
• Colombian Peso (COP): 150,000
• Mexican Peso (MXN): 800
• Peruvian Sol (PEN): 100

   

That is around $50 which is quite high Moreover, it was not specified if clients depositing in any other currency will get the chance to receive a bonus. Depending on the amount of the deposit, clients could either get a 120% bonus up to $2000 and 250 free spins (it was not specified on which slot), or a 100% bonus and 150 free spins. The exact criteria that determined how big of a bonus you get was not specified.

The wagering requirements clients need to reach before withdrawing are rather high – 50 times the deposit plus the bonus. Consider the fact that most casinos will not ask you to wager more than 30-40 times. Moreover, you only have 3 days to reach these wagering requirements – when most casinos will give you at least 7 days, and sometimes even as many as 30 days. Finally, there is a cash-out limit you will have to keep in mind – 10x. This means that if, for example, you win $12 000 while wagering a $1000 bonus, you will only be allowed to withdraw up to $10 000. The maximum bet allowed while there is an active bonus is $15 – which is quite a lot.

As a whole, Vegascoin's bonus offers were not only a bit confusing, they came with unimpressive conditions. These bonuses will be almost impossible to wager in such a short period of time considering the high wagering requirements which makes them fairly unattractive.

Vegascoin License

Vegascoin is owned and operated by SG International N.V. – a company that is based and regulated in Curacao by what is widely considered to be the most reliable master license operator in this offshore jurisdiction, Antillephone N.V. The fact that this casino holds some sort of license, even one issued in an offshore jurisdiction like Curacao, proves that they are compliant with certain rules and regulations and have met some basic conditions to ensure the safety of their clients. Always make sure to work with regulated casinos since such establishments generally offer a much higher level of safety.

Curacao has become a popular regulatory hub for online gambling websites in recent years. This country has emerged as a viable option to rigorous jurisdictions like Malta and the UK for casinos that want to sidestep some more stringent laws and regulations but still have a license. Although these companies cannot guarantee the same level of security as casinos in Malta and the UK can, there are still a lot of trustworthy online casinos with Curacao licenses.

Since the local government in Curacao does not directly supervise gambling companies, the regulatory system there in the country is rather unique. Instead, the local financial regulator has issued licenses to four independent companies known as master license operators, who are in charge of overseeing casinos and making sure that all rules are being followed.

We recommend that you treat such casinos on a more individual basis and find out what users and internet reviews have to say about a certain website. It makes little difference that these casinos are essentially offshore enterprises if they are run by reputable, licensed companies that try to provide fair playing conditions. However, given that this is not always the case, we advise exercising some level of caution.

Restricted countries: United States, United States Minor Outlying Islands

Languages: English, French, Russian, German, Spanish, Italian, Portuguese

Vegascoin Deposit and withdrawal

Currencies: Euro (EUR), US Dollar (USD), Canadian Dollar (CAD), Australian Dollar (AUD), Brazilian Real (BRL), Mexican Peso (MXN)

Vegascoin accepts payments made with Visa, Jeton, or in various cryptocurrencies. The exact payment methods you will get access to vary depending on your location. The minimum deposit and withdrawal amounts are both fairly low – just $10. Deposits are processed instantly and free of charge.

The withdrawal processing time depends on the withdrawal amount. If you are withdrawing less than $1000, you can expect to receive your money within 3 business days. If your withdrawal exceeds that amount, however, it may take as many as 7 business days to process. The casino did not mention any specific maximum withdrawal limits but keep in mind that most casinos have such. Usually, you will not be allowed to withdraw more than $20-30 000 a month but there are many casinos that are much stricter.

Most casinos will also ask you to turn over your deposits 1 to 3 times before allowing withdrawals – this is a standard requirement meant to prevent money laundering. Although Vegascoin did not mention anything of the sort, you should keep in mind that such conditions are quite common.

Vegascoin Games and game suppliers

Vegascoin works with some of the best-known game providers in the industry. It is no wonder that this casino can provide access to such a rich, enticing game library.

Game providers: 1x2gaming, 3 Oaks, NetEnt, Ezugi, Play'n GO, Tom Horn, Live Slots, Atmosfera, Iron Dog Studio, Leap-Gaming, Relax Gaming, High 5 Games, Spribe, Mascot, Tvbet, BGaming, HoGaming, Red Rake, Stakelogic, Fugaso, Spade Gaming, Thunderkick, Spinmatic, CQ Gaming, Igrosoft, Concept Gaming, Leander, LiveGames, PGSoft, Nolimit City, Evoplay, Wazdan, Playson, Platipus, Vivo Gaming, Salsa Technology, Apollo Games, Yggdrasil, Belatra, Lady Luck Games, Spinomenal, Kiron, Quickspin, Amatic, Booming Games, Wizard, WorldMatch, LuckyStreak, Golden Race, BetGames.tv, Evolution, Betsoft, Other

The Slot selection was huge – although we could not help but notice that the casino does not offer some of the current most popular slot games. Still, we do not have anything to complain about – all the games were well-designed and beautiful, and the themes were varied and entertaining. Some of the titles you will get to access include Gonzo's Quest, Inca's Treasure, 72 Fortunes, Golden Dragon Inferno, April Fury and the Chamber of Scarabs, Hearts Desire, Winds of Wealth, Return to Paris, Primal Wilderness, Trinity Reels, Book of Helios, Take the Kingdom, Thai Blossoms, Fruit Zen, Hat Trick Hero, Stampede, and many others.

The online Table Game section did not disappoint either – fans of such games can enjoy many versions of the most popular casino games like Roulettes, Poker, Blackjack, and Baccarat as well as games like Hilo, Keno, Solitaire, and others.

The Live Dealer section was also enticing – we got access to 57 Roulette events, 46 Blackjack events, 98 Baccarat events, and a few game shows like Tombola Lucky Box and Wheelbet. We would still like to point out that we were a bit disappointed by the small number of game shows and the complete lack of live poker – that might also be a turn-off for some players.

As a whole, this casino offered a great selection of enticing games. However, if you are a fan of sports betting – or of certain types of live dealer games like game shows or video poker – you might be disappointed.

Conclusion

Vegascoin is a fairly good casino – but we have to point out that they did not manage to truly impress. The best thing about this casino is its extensive game library – other than a few minor critiques, we have to say that this establishment offers quite an alright selection of games. The minimum deposit amount is also on the lower side which means that players will not have a problem playing with this casino even if you do not have that much money to start with. What we liked less were the unclear bonus-related conditions, and the limited selection of payment methods clients will have the chance to use.

Despite some good features, we believe that most clients will be able to do a lot better than Vegascoin – consider looking into different options before settling for this casino.