Sweepstakes casinos have gained a lot of traction in recent years, revolutionizing the online casino industry with a viable alternative. Most sweepstakes casinos currently on the market operate with a dual-currency system — Gold Coins and Sweep Coins.
To stay compliant with social gaming policies, Sweepstakes casinos incorporate two types of in-game coins. Though their functions are similar in some ways, it is worth analyzing the distinctions to avoid miscommunication down the road. In this guide, we will break down the difference between both in-game currencies, how to use/get them, and everything you need to know about them to stay compliant with sweepstakes’ terms and conditions.
Gold Coins: What are they?
Gold Coins are a virtual in-game currency that casino players can use only to play free games and prolong their gameplay. Essentially, Gold Coins are like play money, but they have no monetary value and cannot be traded or redeemed for actual prizes.
In order to qualify as an online sweepstakes casino, the platform must meet specific requirements. One crucial requirement is that the platform offers free gameplay, allowing users to win rewards without financial investment. This is where the main distinction between the two currencies comes into play.
Sweep Coins: What are they?
What are Sweep Coins? Let’s explore them further to learn more about how players can get them.
Sweep Coins are also a virtual currency that you can receive with Gold Coins upon sign-up or purchase, which are sweepstakes entry tokens that can be redeemed for big rewards.
In the event that players exhaust their Gold Coins, they can recharge their balance by purchasing them via authorized payment methods. With each purchase of Gold Coins, players are rewarded with a designated number of complimentary Sweeps Coins.
According to the legality and compliance aspect of sweepstakes casinos, players should be able to play games and potentially win rewards without having to risk any of their own money. By purchasing Gold Coins, which enable players to prolong their gameplay, they receive an additional bonus in the form of Sweep coins, maintaining a legal distinction between buyers and players.
Check out Fortune Coins Casino’s generous welcome bonus if you’re a player who loves a good promotion. Upon registering, new players can receive up to 360,000 Gold Coins and 1000 free Fortune Coins (their version of Sweep Coins) and begin playing over 200 casino-style games.
Final Thoughts
Now that you have grasped the main differences between the two currencies, here is a summary of all you need to remember. Gold Coins (GC) are used to play the games for free and are granted to new players as part of welcome bonuses and daily collections upon the first login of the day.
Sweep Coins can also be used to play games, yet they are different from GC because they can be traded or redeemed for cash prizes. Gold Coins can be purchased if a player runs out of coins, but Sweep Coins cannot. Rather, Sweep Coins are credited to players upon purchasing Gold Coins or through giveaways and promotions.
