Cryptocurrency Casino Bank Account

Yes. All licenses have to be renewed and reviewed. This is to ensure you're still operating under the rules of your license and you will be required to prove this with your renewal application. We can handle renewals for you and maintain compliance through regular bookkeeping as your accounting firm.

There are many factors that will affect this process, the first of which will be a criminal conviction. If you have one, you won't get a license. Then things such as general compliance, who are you, who are the directors, where are you based, how will you check players and handle payments, will you do KYC/AML checks, where has the money come from to start the casino, how will the game be financed etc Speak with us to determine your eligibility for certain licenses.

It really depends on how prepared you are for compliance and what license you require. It can take anywhere from 2 weeks to 3 months to get sorted, or longer if your business is not yet ready for the license to be issued.

Well simply put, you cannot facilitate the act of gambling without a suitable license, be that in a physical casino or an online egaming platform. It is illegal around the world to do so, while each licence only allows the operation of such business in certainly locations and to certain nationals. Speak with a specialist consultant or lawyer before starting any gambling business.

Gaming licenses vary greatly, as do the costs. Prices start from £15,000 for the easiest and least intrusive to secure licenses, up to £100,000 per year for some of the more complex jurisdictions and licenses. it will really depend on where you need to license and what type of egaming license you require.

Securing a gaming license is not a simple process and should be carried out be specialists in the industry. You will need to provide significant documentation to prove your compliance and suitability for the license, no matter where that license may be from.

There are no restrictions on the types of games that can be licensed, making Curacao attractive for a whole host of different games such as bingo, lotto, poker, crash, slots, competitions, sportsbooks and betting.

Being licensed out of Curacao does not come with the same level of restriction of requirement as other jurisdictions. The cost is lower and the process simpler and unfortunately this often means that customer services is at the bottom of the list for those running the site. You can complain of course and depending on the platform and their desire to keep you as a customer, you may get the support you need.

Online gaming sites accepting Bitcoin are required to obtain a licence before operating, in the same way a 'normal' gambling site would. However, the process of obtaining a licence for a cryptocurrency gambling site is considerably harder - licencing authority options are extremely limited. If you wish to open an online casino accepting cryptocurrencies, leading online gaming experts Adrenawin can obtain a crypto gaming licence for you.

There are a few countries where you can incorporate an online casino, along with a suitable licence for your activities. The countries are, on the most part, UK (plus Isle of Man and The Channel Islands), Gibraltar, Malta, Curacao and Antigua & Barbuda. Remember, the licencing country will have a set list of requirements including countries you must geo-block for your gambling activities. Online gaming experts Adrenawin will be able to explain the difference between all the different options.

Online egaming licenses, also know as remote gambling or betting licences vary in cost depending on the issuing jurisdiction. The cost will further vary depending on whether the gambling authority requires you to have a company in the jurisdiction (increasing costs) and which countries are white-listed. As such, an online gaming licence cost can range from tens of thousands of US Dollars upwards.

Accepting debit or credit cards online via a PSP for any gaming, egaming, remote gambling, casino or betting site will be challenging. However, it is possible and you can apply for a Payed payement gateway via Harvex here.The most important factor is you are likely to have far more success when applying for a PSP via an existing contact of the Payment Service Providers, who the PSP's know and trust. The payment provider will want to ensure chargebacks and fraud are minimal, and this is helped by robust company processes, the correct license and ongoing compliance. Companies such as Harvex have strong relationships with Gaming/Gambling PSP's, which can help support your application, both on a success rate and also on timescales.