BetShark Casino Review

One of the most important things to make sure a casino gets right before playing within it its payment policies. After all, if the deposit and withdrawal conditions are not specified properly, or are just not fair, you would be better off playing somewhere else. So, let’s take a look at the rules regarding depositing and withdrawing at BetShark, as well as verifying your account:

The payment methods at BetShark

First off, we would like to examine the range of payment methods that you could use to deposit and withdraw from the gambling house. Here is a list of those payment methods, as well as the currencies that are accepted by the house:

To be completely blunt, this is a very underwhelming list of options! Sure, it is good that you can deposit via credit or debit cards by Visa and Mastercard, as most players nowadays have these kinds of cards available and know how to use them. And we do like the inclusion of cryptocurrencies in the payment methods at the gambling house, because it provides for a decent alternative for those players who might be looking to cash in a bit more anonymously.

But there are just so many other payment methods that online casinos nowadays have to offer, which are sadly not represented by this one at all! For instance, most of the peers of BetShark also provide access to deposits and withdrawals via bank transfers, e-wallets, prepaid cards, and so on. This is a good way for players to be able to choose how they want to pay and play, or cash out.

One positive thing about the range of payment methods that we can say, though, is the fact that the casino accepts a pretty wide range of FIAT and cryptocurrencies. This means that players around the world can easily pick the most convenient option for themselves and minimize exchange fees.

The deposit and withdrawal conditions of BetShark 

Next, the deposit conditions at BetShark are honestly pretty relaxed. There is a minimum deposit limit, but it is set to $15. This is absolutely in the middle of the average range of $10-20 that you can generally expect to be able to cash in to most online casinos nowadays. There are no fees by the casino for depositing at all, which is good, as there should be no such fees by it.

That said, if you are interested in cashing in via crypto, you will always have to pay third-party charges for the processing of your transactions. These charges are by so-called crypto miners, who are the people responsible for processing your transactions. They can differ from token to token, so make sure you take them into account before you play!

Finally, all deposits at the online gambling house via credit or debit card are instant. Crypto deposits might take up to a couple of seconds, but are also generally instant.

Before we move on to discussing the withdrawal conditions of the online gambling house, which we consider to be a bit more contentious, we’d like to mention that the casino does not specify what the deposit wagering requirement is. A deposit wagering requirement is a very standard policy nowadays, with those requirements generally set to 1-3x the funds you’ve cashed in.

The reason behind these requirements is discouraging players from laundering money at the online casino by depositing and then withdrawing it. Failing to clear the requirement has the penalty of being unable to withdraw or being charged a large punitive fine. We are sure that clearing such requirements is also necessary before cashing out of BetShark, too, but the casino just does not specify what the wagering requirement is, which is pretty concerning.

Now, on to the withdrawal conditions of the online gambling house. The minimum withdrawal limit from BetShark is set to just $1. Of course, this is a pretty impressive amount, because the average online casino nowadays demands that you cash out $10-20, on average. However, the maximum withdrawal limit by BetShark is just awful.

It has been set to $100 per transaction. Even the most stingy online gambling houses nowadays generally allow their players to cash out at least $500-1000 as a maximum. Not to mention online casinos with a more relaxed withdrawal policy. The low maximum withdrawal limit is the biggest issue with the online gambling house, in our view.

The processing times for withdrawals at the gambling house are said to be up to 48 hours. We feel that this is a relatively competitive amount of time. Of course, if you are using a credit or debit card to withdraw, the processing times are likely going to be significantly longer, because your bank also needs to verify the transaction. That takes up to 3-5 days on top, on average.

So, we recommend sticking to crypto if you are looking to cash out quickly, because the average processing times for those assets are generally under an hour, once the casino has approved your transaction. Withdrawals could also be delayed if you need to verify your account with the casino further. Here’s what you need to know about the verification policies of BetShark:

Verification requirements at BetShark

Getting verified is a common part of playing at any online gambling house out there nowadays. Especially when playing in a legitimate online casino, such as this one, which is bound by its regulatory background to check whether its players are of a legal age to play their favorite games or not, whether they are using the casino to launder money, and so on.

As per the Terms and Conditions of BetShark, you will need to get verified before making your first withdrawal, as is commonplace at any online casino that you could play in nowadays. You will need to submit documents, such as a picture of your ID, passport, and so on, in order to ensure that you are not playing while underage, don’t have any other accounts with the casino, and so on.

Depending on your payment method, you might also need to submit proof of ownership of said payment method. This is only necessary for players who deposit via credit or debit cards, though, and you don’t have to worry about submitting that kind of documentation if you have used cryptocurrencies to deposit.

All in all, those are standard requirements, which make the process of playing at the online casino safer for everyone. We really don’t have anything to complain about here. As for the amount of time it takes to get verified at the gambling house, that is said to be up to 72 hours, which is pretty great.

Additional verification, meaning getting your account verified once more if you have done so before, should not really be required by the online casino, except in extraordinary circumstances, like you winning huge sums of money or having reached a certain threshold of total cumulative deposits to your account.

One of the most important things about online gambling houses to make sure of before you play there is whether they are licensed or not. The difference between playing in licensed vs unlicensed gambling houses is really night and day when it comes to the protections and guarantees that they can offer you. Luckily, BetShark is a licensed gambling house.

On its website, we were able to learn that the online gambling house is licensed by the Anjouan Gaming Authority. Of course, we never take such claims at their face value, so we went to the register of the Authority to check, and the claim of the gambling house that it was run by a company called Momentum Gaming Solutions Ltd, licensed in Anjouan, turned out to be true.

We love that, because Anjouan is actually one of the most competitive licensing bodies in the world when it comes to online gambling. It used to be a lot more relaxed with its rules, but it has tightened its regulation over the last couple of years significantly, to the point where we could honestly recommend checking out Anjouan-licensed casinos if you are looking to gamble safely.

There are two main pillars of the regulatory regime in Anjouan that are relevant to the player experience at casinos: The responsible gambling tools and the guarantees for the legitimacy of the casino the license provides players with. Here is a look into both of those, in that order:

Responsible gambling measures at BetShark

First off, we should mention that there are plenty of ways to play responsibly at BetShark, as an Anjouan-licensed online gambling house. Here are some of the most impactful ways to do so:

• Deposit limits: One of the most effective ways to manage your iGaming budget at online gambling houses is by setting up deposit limits. You can do so at this online casino, too, as part of the regulatory requirements of the Anjouan Gaming Authority. Deposit limits can be set up at any time from your personal account area, without needing to contact Support.

• Time-outs and account closure: You can also request a time-out for your account, meaning that the online gambling house will be required to prevent you from logging in for a certain period of time. This period of time can be determined by the player, but is of at least a couple of months at the very low-end, up to over a year, giving you plenty of time ot consider whether playing at the online casino is the right choice for you! Of course, you could also close down your account at any time, which would also prevent you from opening a new one in the future, which is a pretty good solution for players who just need a break from iGaming altogether!

• Responsible play information: Finally, information on how you may play more responsibly is required to be provided to the players of online gambling houses under an Anjouan Gaming license. This lets you learn what you need to know in order to play more responsibly, set up limits, take breaks, and so on. We recommend checking this information out even if you don’t think you need it.

Why BetShark is a secure online casino

BetShark is a secure online casino because of the strict regulatory policies that it follows. There are many such policies that we could mention, but, for the sake of brevity, we’d like to highlight just three of them which really improve the safety of players at the gambling house:

First off, we should mention the data protection and paymet channel safety policies. To put it briefly, the online gambling house is only allowed to use payment channels which are reliable and cannot lead to your money being misplaced or otherwise obtained by hackers. The website of the gambling house is also fully SSL-encrypted, which prevents data leaks and your personal information from being obtained via them, too.

The latter is very important, because the information you share while you play and get verified here is very sensitive and could easily cause a lot of damage if it were to be leaked. The SSL encryption of the website also makes the payment process safer, too, because it ensures that your payment information is also safe. This makes cashing in and out of BetShark a completely reliable process.

Next, you can rely on the casino to provide you with games that are actually fair. This is because of the RNG testing policies that it has to comply with. RNG stands for “Random Number Generator” and refers to the complex algorithms that power casino games and determine whether you win or lose a bet within each round.

These RNGs are required to be tested by impartial professionals, in order for the online gambling house to be able to live up to the strict standards of the Anjouan Gaming Authority. Any bias in the algorithms, which would impact the way the outcomes of games are produced, is accounted for and eliminated.

Finally, the Anjouan Gaming Authority also has an impartial dispute resolution body in place for the times when players simply cannot fix an issue with an online gambling house via its Customer Support. Even though getting a resolution via this body is a bit slow, the fact that it exists still keeps online gambling houses on the legitimate side and prevents them from mistreating players.

All in all, we think that we’ve successfully made our case that BetShark is a legitimate and reliable online casino. Based on its regulatory background alone, we could easily recommend the gambling house!

Getting access to reliable Customer Support is a very important guarantee that you are playing with a legitimate online casino. Without access to good Support, there is no telling whether you will be able to fix the issues you run into, whether those are with the account opening process, the verification process, and so on.

For the most part, we should say that the Support features of BetShark are pretty decent, but nothing to really write home about. This is because the casino only has one means of contact available to its players, and that is via Live Chat. The Chat is open around the clock, and seems to initially connect you to a bot.

If you are interested in getting help from a human agent, though, it is pretty easy to do so! We should mention that the average response time for these agents was just a couple of minutes at most. The Chat also seemed to be available in all three of the languages of the website, which was good.

So, why do we say that the Support features of the gambling house are mediocre? Well, there are no ways to contact Support besides the Chat. Most online casinos nowadays would also allow us to reach out to their Support via email, too, but that is not possible here. Some of the peers of BetShark also have Phone Support, even if that’s rare.

But those means of contacting Support are usually less effective than just relying on Live Chat, so we are happy that it is available. The only issue with the lack of alternate dispute resolution methods would come up if the Live Chat of the gambling house got too swarmed to reply to players.

Of course, if you strike out with the Live Chat of the gambling house and are not able to get help with your issue with it, you could turn to the Anjouan Gaming Authority’s dispute resolution body. Make sure that you do try the chat first, though, because the Authority is going to take a while to reach a decision.