Liraspin Casino Review

Liraspin accepts a rather small number of options as to payment methods but still, the existing variety is capable of covering the most popular systems. You can deposit using Visa, Mastercard, Google Pay, Neteller, Skrill and PaySafeCard, and also using major cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and XRP. The variety is also enough to fit both tastes of fiat and crypto, although the selection is not very big.

There is no set minimum deposit amount worldwide and is instead determined by the country of registration. Depending on the location, the lowest accepted deposit can begin at €2, €5, €10, or €15, or the equivalent in another currency. Such a flexible threshold can be utilised when the budgets vary but also can be a bit confusing when the precise need is not evident at the very beginning. Also, in some of the conditions, Liraspin can transfer a personal bonus to the account. These bonus credits are not permanent and the terms such as the amount and eligibility of these credits are set by the casino only and may be subjected to a change in the future.

The confirmation of deposits generally appears in the balance quickly, but the precise timing is not described in detail. But prior to requesting a withdrawal, previous deposits should be verified. Liraspin clarifies that it is not a financial service and, therefore, accounts do not earn interest, and currency conversions are not carried out on the platform. This implies that money has to be deposited in the currency type it is being supported and the conversions should be performed outside. In the case of crypto deposits, it should be mentioned that no limits are possible, which may be a problem of those people who want to apply limits in order to spend less. It is recommended that those who wish to limit themselves by the use of other possible payment methods.

The minimum withdrawal amount is set at €50. This limit can be said to be on the high side since there are other platforms which allow smaller amounts in terms of cashouts. Withdrawal processing may take anywhere up to 24 hours although the overall waiting time varies depending on the mode of payment. As an example, after withdrawal has been accepted, it can take another 5 days before the money can be transferred to the target bank account. It is also stated that any amount deposited must be wagered once before a withdrawal can occur. Such a policy matches the anti-money laundering policy and is the norm in most platforms.

There are several significant restrictions related to cryptocurrency transactions. If funds are mistakenly sent to the wrong crypto network – for instance, BTC to a BCH address – recovery will only be attempted if the amount exceeds €5000. Even at that, there is no guarantee of recovery and it is charged at 0.1 BTC service fee. This is due to the technical as well as financial risk of crypto transfer, especially to unsupported or wrong chains.

There are clear withdrawal limits. The maximum allowed is €2500 per day, €7500 per week, and €15000 per month, unless otherwise stated in a specific promotion. The casino can also award higher limits to people who are eligible to be given a higher VIP status. If total winnings exceed €15000, the payout can be divided into monthly installments of €15000 until the full amount is delivered. The practice might not be preferred by those who need instant access to bigger rewards, but it is typical of platforms that focus on risk management and liquidity.

Identity verification is required before a withdrawal can be done. The KYC process can involve a call on the phone number registered on the account. No withdrawal will be authorized until verification is complete. Also, withdrawals via bank transfer can sometimes be accompanied by additional fees charged by intermediate banks. Liraspin indicates that these fees are beyond its control and are typically capped at around €16.

Inactive Accounts

Liraspin describes an inactive account or a dormant account as an account that has not been used in twelve months straight. After such duration and no log-in the account can be charged with a monthly administrative fee. The cost is €10 or in other currency, which will never be more than the balance that can be found in the account at the moment. This deduction is done month by month up to the time when the account is reactivated or until the balance is zero.

The fee is automatically deducted at the first day of the month after account inactivity. This will be repeated at the beginning of each new month as long as the account does not have any withdrawal and it has money in it. Once the balance is zero, no more fees will be taken and no negative balance is charged. Re-activation of the account prevents further charges, but does not reimburse what has already been charged.

When there is an inactive account, the casino does not bear any transaction or administrative expenses in case of a refund request. The account holder is liable to all these expenses that might differ based on the preferred method of payment or the channel through which they will receive a refund.

Liraspin is run by Rossobash SRL, which is a registered firm in Costa Rica. The site, however, is not explicit about whether it has a valid gaming license. No license number, regulatory body, or entity responsible is visible in the terms and conditions. Although certain third-party websites indicate that the casino is licensed in Curacao, there is no evidence of this provided on the site itself. The lack of a license logo or any mention of regulation by bodies such as GCB creates an uncertainty of the licensing status. It is a point worth making, and particularly to the players who would not want to gamble on any unverified and unregulated websites.

Security wise, the technical measures installed are good and up to the current standards. Liraspin employs encryption protocols to ensure that sensitive information is safeguarded throughout transactions. Based on the available information, the site connection is encrypted and authenticated with TLS 1.2, ECDHE_RSA key exchange (X25519), and AES_128_GCM encryption. The tools are normally employed to protect financial data and communication, and third parties will find it very difficult to intercept. These encrypted connections are used to process deposits and withdrawals and provide a degree of protection with each transaction. Although encryption cannot be used as a substitute to the comfort of the licensing it can be used to strengthen confidence in the ways the information is being treated behind the door.

A field, where Liraspin seems to be more advanced, is the responsible gambling tools. As compared to most websites which only offer simple methods of self exclusion, there are a number of features that are customizable in this casino that can be accessed through the account. Deposit limits may be done on a daily basis, weekly or monthly basis. These are manually adjustable settings, which can be adjusted to suit user preferences on budgeting. Moreover, tracking of activities can be done and this can be useful in the identification of risky habits. Those who are looking to permanently quit gambling may make use of the self-exclusion option, which enables them to take a longer break, either six months or a year. You can turn this option on by simply contacting the support team, who will proceed to process the request.

Although some of the technical and responsible gambling features are quite developed, the unclear licensing is a major disadvantage. Without good licensing information, no one can confirm external supervision and be able to seek dispute resolution by a regulator.

Liraspin provides customer service in three major ways: live chat, email, and a small FAQ section. According to the site, the support is offered 24 hours, but the experience with the various channels is not the same. 

The live chat programme is available through the site directly, yet initiating a conversation is not as easy as one would imagine. It requires a name and email address to start the chat even after logging in. The email field is auto-filled, but being required to verify the information which is already associated with the account, may seem redundant. The chat opens with a bot that seems to be an automated version, and it takes the earlier portion of the chat. Then it is usually followed by a human agent, who offers real-time support. 

In case you prefer to use email, a special address is available: [email protected]. Though the site promises the availability of support 24/7, the speed of response is significantly lower using email, as compared to live chat. This is inevitable to an extent but it is worth bearing in mind when the question has a time factor. 

The FAQ page is very short and addresses only several issues: how to deal with the account, bonuses, deposit/withdrawals and general security questions. There is a limited number of questions answered, and it addresses the most typical issues, only superficially.