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How not to be deceived when playing online casino slots?

Do you want to play for money in the casino ? On the online casino portal https://holymolycasinos.de/ you will find a lot of interesting and useful information from the world of gambling. At the first stage, it is important to carefully approach the choice of an online casino so as not to fall into the clutches of scammers.

New online casinos - why should you be on your guard?

To begin with, I would like to pay attention to the main scheme of online casino deception. Appearing on the market, the brand is not yet popular and in great demand among gamblers, so it tries to lure users with bonuses, big winnings and quick withdrawals. At first, the casino seems to keep its promises, positive reviews appear on the network, gamblers begin to recommend the club to each other. But at some point, players begin to notice: winnings become rare, there are delays in withdrawing money and other problems.

Reconfiguring slot machines

Another option for fraud is changing the settings of the slots themselves. The casino minimizes the chance to win by flashing the slot machines of the system, making them scripted. As a result, the RTP indicator drops from 98-99% to 85% and below. The gambler does not immediately notice the catch and during this time risks losing a lot of money.

Bonus programs

Usually, online casinos offer their users various promotions that attract new players to the site. The most popular of them are:

  • signup bonus;
  • free spins  or coins for account replenishment;
  • rewards for referring friends, participating in tournaments and being active in the system.

It seems that everything looks rosy and does not arouse suspicion. However, in fraudulent clubs, fraudulent schemes are hidden precisely in bonus programs. A player may be provided with a bonus with wagering conditions that cannot be met in advance. Below we will consider what are the main problems that can arise with wagering bonuses:

  1. Time limits. The casino can issue a large no deposit bonus, but set a minimum wagering period. The player either does not have time to make bets for the specified amount, or cannot deposit a huge amount in a short period, recalculated for a large vendor.
  2. Restrictions on slot machines. The club can impose a ban on the use of all available games for wagering, offering only slots with a low RTP level. The gambler simply does not have time to win back the required amount, the process is very delayed and the money won is burned out.
  3. The underestimated size of the maximum game bet. The conditions of the bonus indicate that it can be wagered without exceeding a certain bet size. Thus, the player simply physically cannot wager the bonus money and receive the winnings on the card.

At first glance, the conditions for granting bonuses do not cause concern. Usually, the player notices the catch already during the wagering of bonuses, when he starts playing for money in his favorite slots.

Delaying the withdrawal of money

Difficulties may arise at the stage of withdrawing funds. It seems to be a good casino, affordable rates, a decent return on slot machines, but here problems arise precisely when you want to withdraw your winnings. The player begins to put forward conditions in the form of the need to make a few more bets to access the withdrawal, or they drag the user into the verification procedure.

The support service explains their actions by the need to verify their identity, operators request various documents from the gambler, require confirmation of data by SMS and in other ways. Ultimately, a lawsuit begins with scanned copies, they are not suitable due to poor quality or errors in filling. There can be many reasons, but all of them are aimed at limiting the withdrawal of funds from the system.

USDC is a type of fiat-backed (fiat = government issued money) stablecoin with its value pegged to the U.S. dollar. At any given time, a single USDC can be redeemed for $1 U.S. dollar with the issuer. As a programmable currency, it can leverage the power of blockchains. As a stablecoin, it has steady value. 

USDC is based on Ethereum

USDC is built on the Ethereum blockchain and follows the ERC-20 token standard, although it will be issued on other blockchains as well. Ethereum is a market-leading smart contract platform and a mainstay of the DeFi movement. It enjoys strong support from developers and makes a solid foundation for USDC.

Redeemed through CENTRE members – Circle and Coinbase

USDC is presently issued and redeemed via Circle and Coinbase, both members of the CENTRE Consortium. You can exchange USD to USDC at a guaranteed 1:1 rate through Circle or Coinbase. You also have the option to redeem or buy on other exchanges, although the market rate can be above or below 1 U.S. dollar per USDC. Members of Linen App are able to buy and sell USDC within the app.

What is the CENTRE Consortium? It’s an independent entity – founded by Circle and Coinbase – and is essentially in charge of governing USDC. The company holds U.S. dollars and equivalents in reserves backing USDC coins in circulation. It supervises the rules and regulations regarding the issuance and redemption of USDC. It also ensures that issuers are legally compliant.

USDC offers several advantages

Why do you need USDC? There are multiple benefits to owning and using the currency.

1. Utilizes the power of blockchains

USDC enjoys all the advantages of being an Ethereum-based currency. Settlement times on the blockchain are in near-real-time, leading to faster transactions.

2. Offers reliable value

USDC is fiat-backed and pegged 1:1 to the U.S. dollar. The fiat reserves are attested monthly by the accounting company Grant Thornton. Unlike other cryptocurrencies, you can rely on USDC having stable value.

3. Earn yield on Compound through Linen App

You can potentially earn a yield on any USDC you own by depositing it to Compound via Linen App. The yield can vary and has ranged from 0.1-6% APY in the past.

USDC can be used in a variety of financial applications and services. The makers created USDC to be a global dollar, allowing exchange of value between people, businesses, and smart-contracts. Over $1 billion USDC are in circulation as of July 2020. The currency is still in its nascent stage but has proven to be in demand by DeFi market participants.

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