The new trend that dominates the online gambling industry involves betting with cryptocurrencies and gamblers love it. The reason why this trend got so much attention from the public is because of all the benefits that come from gambling with cryptocurrencies.
Apart from getting faster transactions with lower fees, crypto gambling also is more secure, provides anonymity, and in most cases, crypto casinos offer more bonuses and rewards.
However, even though casinos that allow crypto betting operates on a secure Blockchain network where all transactions are recorded, this doesn’t mean that you are in safe hands. In fact, the online crypto gambling scene is full of scams and we’ve seen cases where people have lost all of their money by choosing an unsafe gambling website.
This is why we decided to highlight some of the things you should consider before choosing which crypto casino you’ll play.
Understanding Bitcoin Casinos
There is a lot of confusion when we talk about Bitcoin casinos and what makes them different from traditional online casinos. In order to have a smooth gambling experience in this new concept of gambling, you need to understand how Bitcoin casinos actually work.
The key difference between traditional and bitcoin casinos is that Bitcoin casinos are powered by blockchain technology. The use of such technology allows for security and transparency in the financial dealings between both entities in the process.
So, before choosing which casino to play, you have to understand the technology behind it. Blockchain technology is a digital ledger of all Bitcoin transactions, and it is constantly growing as new bitcoin transactions are added to it. This makes the entire process more secure because it can never be tampered with or revoked.
However, even though Bitcoin casinos are far safer and more secure than traditional online casinos, you still run the risk of running into a scam.
So, if you are new to crypto casinos, here are some tips how to choose crypto gambling sites that you can rely on.
Things to Consider Before Choosing a Bitcoin Casino
The process for choosing a reliable and legitimate Bitcoin casino is no different than choosing the right traditional online casino. Few factors can prove to you that you are dealing with a real company and will ensure the safety of your money.
Here are the top things you should consider before you invest your money in a casino.
Check Whether or Not the Casino Has a Gambling License
The first step to knowing that you are dealing with a reputable gambling company is to know whether or not they actually have a gambling license and if it is regulated by the appropriate authorities. If the casino has a gambling license then it means that is reputable and has a good history of compliance.
The license should always be located at the bottom of the website.
Security Measures
Another positive mark for a Bitcoin casino is to check out their security measures, such as anti-money laundering measures, security protocols, 24/7 customer support and etc. If the casino has many security measures it means that you are dealing with a reputable gambling company.
In terms of security, gambling sites usually set up several firewalls, encryption technology software, and data protection services. So, it is wise to check out how much they invest towards security and if they guarantee that your details will be protected.
Even though cryptocurrencies run on a secured blockchain, without proper security, your data could be jeopardized.
Payment Gateways
Another important thing to check out before choosing your casino is the type of payment gateways that they offer. Usually, Bitcoin casinos offer a wide variety of payment methods to ease monetary transactions.
The best crypto casinos usually offer a mix of both fiat currency and crypto coin channels. That way people can withdraw or deposit whatever they feel like and will not be limited to only one payment gateway. Additionally, casinos that have more payment gateway options are usually more trustworthy since they collaborate with many different payment gateway companies in the process.
Customer Support
The importance of customer support isn’t only valuable for solving a problem that you might run into, but it is a good indicator that you are dealing with a reputable Bitcoin gambling casino. So, before you sign up, make sure you check out their website and see what they offer in terms of customer support.
Since you are dealing with crypto transactions, that might run into a problem or have a longer wait time, it is crucial to choose a casino with good customer support that can answer your questions immediately.
Anonymity
Most people would love to stay anonymous on the internet, especially when gambling in Bitcoin casinos. The best thing about Bitcoin casinos is that they offer a safe space for all the people that do not want their online gambling activity to be known to the public.
Even though cryptocurrencies are considered anonymous, they are not 100% since they are connected to digital wallets that can eventually be traced back to a particular individual.
If you want to stay anonymous make sure you pick a Bitcoin casino that keeps your digital footprint safe. Most crypto casinos skip the KYC (Know Your Customer) phase, and they might even allow you to log in using a VPN service.
That way you’ll be safe and stay under the radar at all times.
Final Words
Choosing a Bitcoin casino should be a straightforward process and there are only a few key things you need to consider such as checking whether the casino has the proper license. Even though this technology is far safer than traditional online gambling since it is relatively new on the market there are still lots of scams involved with crypto gambling.
This is why it is always important to run a background check on the casino website that offers such services and possibly check for online reviews. It is always better to invest a bit of time into researching online casinos rather than running into a scam.
Finding a reputable Bitcoin casino shouldn’t be difficult, as legitimate gambling businesses are instantly noticeable.
