WSM Casino Review: Scam or Safe?

WSM Casino is a huge casino and a crypto platform that tries to blend in the two disparate elements into one, and we would be lying if we said that we were not intrigued by the concept and impressed by the results. There's an extra element added here to an already impressive online casino, making this one of the most intersecting casinos we have reviewed.

BONUSES

Welcome Deposit Bonus Offer of 200% Rakeback up to $25 000 Plus 10 Free Spins: This is an odd one. There are a total of 10 bonus instalments. The first minimum deposit is $30, and each time you wager your depositing 6 times an additional 10% of the bonus, the $25 000, is released. If you invest your first deposit with the casino's proprietary WSM Token then you will get 200 free spins on Wanted Dead or Alive (same game for the 10 free spins you get with the normal deposit). Users can also invest $12 500 to get the full $25 000 bonus but this to us is for the big risk takers and high rollers. Once activated, the user has 14 day to reach the 200% percentages through wagering his deposit. As for any winnings, they are locked behind a 35x wagering requirement.

Monday Reload Bonus up to $500: This bonus is tied to the deposit you make.

• Between $50 and $199 you get 30% bonus.
• Deposit from $200 to $499 and get 40% bonus.
• A deposit between $500 and $1000 will grant you a 50% bonus.
• Any deposit above $1000 will unlock a bonus that is fixed at $500.

This promotion is available to users who have already made at least one previous deposit. Also, if you registered an account on Monday, this can be your first time deposit bonus. All withdrawal attempts will be unsuccessful without first completing a 35x wagering.

Game of the Week Bonus: Each week a specific game will be given to the users who have to complete a set of missions on it. Start with Mission 1where you have to wager a given amount to reach Mission 2, and then Mission 3. With each new Mission the user gets some sort of rewards, be it free spins or extra bonus funds. This promotional campaign runs every week from Wednesday till Sunday. There is an attached 35x wagering requirement that has to be completed in 7 days.

Tournaments: The current one that is active is perhaps the most popular in the industry, Pragmatic Play's Drops & Wins Cash. Otherwise, tournaments are a great push for users who want to experience more and compete with other players.

LICENSE

WSM Casino is operated by MIBS N.V., and registered in Curacao, and regulated in Curacao:

The Curacao license primarily aims to prioritize the welfare of players. In order to accomplish this, they have put into place a wide range of measures. These measures encompass various aspects such as promoting fair gaming, safeguarding user data, securing monetary accounts, promoting responsible gambling, enforcing anti-fraud protocols, and many other initiatives. Additionally, these casinos highly value the security of players' personal and financial details by utilizing advanced encryption technology.

Licensed casinos in Curacao prioritize fairness by implementing random number generators (RNGs) to guarantee complete randomness in all games, eliminating any possibility of manipulation and biased behavior towards selected users.

Curacao licensed casinos are dedicated to ensuring the safety and well-being of their players. They follow a thorough set of guidelines and protocols to detect and tackle any potential issues related to problem gambling, i.e gambling addiction.

Additionally, customer support services are crucial in these casinos, providing essential assistance for responsible gambling support, technical troubleshooting, and resolving complaints.

Languages: English, Spanish, Finnish, German, Hungarian, Polish, Portuguese, Russian, Japanese, Turkish, Chinese, Arabic, Vietnamese

Restricted countries: Aruba, Australia, Austria, Bonaire, Sint Eustatius and Saba, Curaçao, France, Germany, Lithuania, Netherlands, Spain, United Kingdom, United States

DEPOSIT AND WITHDRAWAL

Currencies: Bitcoin (BTC), Cardano (ADA), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Tether (USDT), Euro (EUR), US Dollar (USD)

The user can deposit and withdrawal using a total of 13 cryptocurrencies, such as Bitcoin, Ethereum, the company's own $WSM, Doge, Tether, Litecoin, and others. For users that have got non cryoto walelt, the casino has laid out a step by step guide on how to purchase crypto to be used for in the casino as base currency. It's very helpful to be honest. Or the user can just invest via any of the other payment methods that the casino alludes to, which are credit and debit cards. There was no minimum deposit revealed anywhere for some reason.

Ass for fees, the casino will charges a €50 in case the user makes an attempt at a charge back. There are also system fees attached to deposits and withdrawals, as well as currency conversion fees very relevant here considering the reliance on cryptocurrencies, and the only two fiat base currencies: EUR and USD.

If you fail to rollover you deposit at least once the casino will issue a 8% withdrawal fees. Also, is a monthly dormant account fee of €5 if the client fails to log into his account and use it for more than 12 months, the so called inactive account commission.

GAMES AND GAME SUPPLIERS

Impressive is the word to describe the look and feel of the gaming hub, with its symmetrical structures and, for the most part, well organized games. Although it was kind of annoying to have to scroll down to get to the full selection of slots; it's much easier to have an “all slots” selector.

Some of the bigger slots we saw were Gates of Olympus, the Dog House, Sweet Bonanza, Sugar Rush, Razor Shark, Story of Medusa, Wanted Dead or Alive, Chili Pop, Rise of Athena, Demi Gods 2, Irish Reels, Pug Lives, Leprechaun Riches, Monkey Kind Path to Treasure, and more. We cannot say anything bad about the collection as it is huge with a lot to offer. Thereofre, if you want vidoe sltos you have them here.

Live games are Blackjack, Roulette, Baccarat, Poker, Monopoly, Funky Times, Dream Catcher, Crazy Time, Fan Tan, Football Studio, Sac Bo, Andar Bahar, Mega Ball, Teen Patti, Coin Flip, and others. It's definitely not the biggest selection we have seen, but it's sufficient enough to accommodate most users. We personally like it, as there is quality above quantity. For live games this matters.

We also have some instant games, called this because they offer easy and quick alternatives to the slots and table games while retaining the gambling core that users come for. These games include F777 Fighter, Aviator, Quantum X, Jet X, Pilot, Football Manager, Spin X, Balloon, and more, making up 29 such games, which is a decent amount.

Then we have a big old sports betting platform with sports like Football and Tennis among others. It's a great platform for placing bets and reaping any rewards, and it never felt overwhelming or underwhelming, meaning that users can jump right into it without a big learning curve. And that's the mark of a good sportsbook.

Then there's the whole other side to WSM Casino. We have to first starts with the fact that WSM Casino is not only an online casino but an online community that celebrated Wall Street traders, called Wall Street Meme, which to us sounds sort of odd, but these are the platform's words. There's certainly a fair share of trading talk and graphs to make some users thing that they have stumbled upon some sort of hybrid casino-trader platform. It's very well presented, but int the end it's a front for WSM Casino's attempt to sell its very own crypto token called $WSM, based on Ethereum's ERC-20 token. The user can purchase this through the casino or through popular crypto exchanges, meaning that this is not a limited token but a serious enterprise.

The main idea here is to be a part of a community that keeps and plays, stakes, and burns this token. The casino states that users can easily stake the token in exchange for rewards, but we all know that it's never this simple. Users can earn by staking in a shared pool of the token, but also based on something the casino calls the user's “annual return percentage” which has not been well detailed. As for staking, there is an intricate algorithm that pretty much explains how things work:

But to us these seems like a closed cycle: users buy the token, stake it, and then either win or have to buy more. Clients can also burn their share of $WSM tokens, wherein each token burnt by the user is also a token burnt by the platform; so the user can kind of control the supply and form strategies, but seeing as there are more than 1.8 billion $WSM tokens in circulation (broker's graphs) we fail to see how a measly burn by the user can have a tangible effect on the market.

Overall all there is quite a bit of a learning curve here and in all truthfulness it may be worth exploring if you're into the whole crypto movement. Not to mention that WSM Casino is by far one of the most dedicated crypto casinos we have seen, and as this is a branching niche in the online gambling industry it may be worth, at the very least, learning about how tokens work, and try them out on your own. But keep in mind that crypto's will always be volatile!

Game providers: Hacksaw, PragmaticPlay, Evolution, Spribe, AvatarUX, Novomatic, NetEnt, Relax Gaming, Nolimit City, Red Tiger Gaming, OneTouch, Blueprint, Gamzix, Betsoft, Evoplay, Ezugi, Red Rake, Wazdan, BetGames.tv, Big Time Gaming, Caleta, ELK, Fantasma, Fugaso, Gaming Corps, Habanero, Kalamba, Lady Luck Games, Mancala, Mascot, PGSoft, Playson, Skywind, Smartsoft Gaming, Spinomenal

CONCLUSION

We believe that in the future more casinos like WSM Casino will start appearing, and it's good to see one that has taken the torch to lead the way. As a casino WSM Casino is excellent, but when you add the whole token and crypto element you get a completely new experience for the price of one.