When you play at an online casino, there are many things you need to keep in mind. For example, should you choose a so-called casino without a Swedish license or with a Swedish gaming license? It may not seem like it matters much with or without a Swedish gaming license. At first, it might not. However, if you keep playing, you will notice some differences. This is especially true if you are winning. Here we write more about casinos without a license, so you understand what it means.
A casino without a gaming license - is it really unlicensed?
An unlicensed casino is actually not completely unlicensed. When you say that, you mean casinos without a Swedish license, that is, foreign casinos that have not been licensed by the Swedish Gambling Inspectorate. However, they are legal casinos because they are licensed by another body. In this case it is usually Malta. However, this means that they are not required to comply with Swedish gambling laws. One consequence of this is that one can play with a break. Someone who has decided to take a break from gambling can still play with a break, as long as it is an overseas casino. This, of course, is a pretty big risk. There are other differences between these casinos. One is the bonuses. At a casino without a Swedish license, you can take advantage of a lot of bonuses. This can be fun, but it can also encourage you to invest more money - more than you originally planned. You should know that it's perfectly legal to play at a casino without a Swedish license, but it's usually not the best choice. Keep reading here, and you'll surely understand why. You can start play at bitcoin casinon.
Play online casinos without a license - what happens to your money?
A casino without a Swedish license is not just a casino without a break. It also means that you can't play in Swedish krona. Instead, the most common currency is the euro. If you are going to make a transfer from your bank account into euros, you need to pay for the currency exchange. It can also be a bad exchange rate. Depending on where the casino is located, sometimes you may also need to pay a foreign payment fee. All of this together can cause you to lose quite a bit of money, and that's before you even start playing.
When you then play in foreign currency, it can be a little difficult to know exactly how much you are playing for. It is harder to set an exact budget because you can only calculate an approximate one.
If you get lucky and win, it can also be quite expensive. First, the same thing applies as with a deposit, which means currency exchange, exchange rates, and any fees. Second, you may have to pay income tax. In a casino with a Swedish license, the casino itself pays tax to the Swedish state. That means you don't have to. On the other hand, a gaming company without a Swedish license pays no tax in Sweden. That's why you need to do it. It may seem like a small thing, but if you have to give up almost a third of your profits in taxes, it's no longer a small thing.
Casinos without a break - can you play responsibly?
Perhaps the most important tool for responsible gaming in Swedish casinos is Spelpaus. The question then becomes, can you still play responsibly if it's a casino without a break? The answer is yes, but it's much more at your own risk. For example, you can't set deposit limits when you start playing. That means you can deposit as much money as you want. The casino won't stop you. When playing at a casino, it's easy to get carried away with gambling. If you win a lot, you can deposit more money to win even more. If you lose, you can deposit more money to try to make up for your losses. If there is no limit to the amount you can contribute, you run the risk of contributing more than you really want. Another thing that gets in the way of playing responsibly at such a casino without a Swedish license is bonuses. As you dive into the block, you get ads for new promotions and offers. Sometimes it can be quite hard to resist.
Payment methods - what options are available?
With most casinos, you have many methods to choose from. Some of the most common are Visa, Mastercard, Neteller, Skrill and Paysafecard. In casinos with a Swedish license, Trustly and sometimes Swish are the most common. In casinos without a Swedish license, you also have the option to play with bill pay, and sometimes also with bitcoins and other cryptocurrencies.
Read more: HOW DOES A CASINO WITHOUT REGISTRATION WORK?