Сasinos provide a safe way for players who wish to experience casino gaming without risking real money. Instead of betting real cash, players use redeemable coins or tokens known as Gold Coins (GC), and when enough are collected can win cash prizes when the balance reaches enough.
Redeeming Grand Champions (GC) for cash prizes with use of grand rush bonus codes varies among sweepstakes casinos, with some having higher thresholds and redemption limits than others; nonetheless, all require at least some GC in order to redeem for cash.
Legality
Legality of online casino cash prize giveaways depends on both state and federal law. Federal anti-gambling regulations prohibit promotions that resemble private online lotteries, which is illegal. To prevent falling under this category, contest and sweepstakes hosts should disclose information such as odds of winning, date winners will be chosen, key details regarding entry requirements such as no purchase required to participate or alternative methods of entry (AMOEs) that do not require consideration as part of their promotion.
Social casinos use virtual currencies as a way around federal gambling regulations, enabling players to enjoy casino-style gambling games even in states where real-money gambling isn't legal. Commonly known as Gold Coins or Sweeps Coins, these tokens enable gamers to enjoy casino gaming while having a chance at redeeming them for actual cash prizes; generally valued at one dollar each and cannot be purchased individually but may come included as part of promotional packages and offers of Gold Coins.
Redeeming SC for cash prizes
Redeeming SC for cash prizes depends on the website used. Tao Fortune allows players to quickly redeem winnings via Visa card - simply input your card details, choose an amount, and receive funds immediately transferred into their accounts. Discover cards are also accepted and this method offers great convenience for users who already possess cards for use as currency exchange.
Sweepstakes casinos online typically utilize two currencies - Gold Coins and Sweeps Coins - that have no cash value and may be purchased or earned free through promotions; the latter, on the other hand, have cash value and can be redeemed for prizes at the end of contests or mail-in offers (check your Terms Conditions page for instructions).
To redeem Gold Coins, head to the BUY section or Coin Store of your site. Many operators offer welcome packages for first-time purchasers that include discounts. Players may also purchase add-ons that increase Gold Coins and SC earnings.
Payment options
Online casino cash prize giveaways provide various payment methods. Players may deposit using credit or debit cards or cryptocurrency like Bitcoin, Litecoin and Ethereum. The process is quick and simple - the website will display all available payment methods along with their minimum deposit amounts.
Once redeeming, it is necessary to provide identification verification and address verification documentation, along with possibly providing bank account details and your prize or gift card within days.
Some social casinos also feature Gold Coins that can help players climb the social ladder and win more prizes. Although these coins don't hold any monetary value and cannot be redeemed for cash prizes, they can help push you toward the top of your leaderboard. Each site may have different rules and policies regarding Gold Coin purchases so be sure to do your research prior to making any decisions about making purchases.
