Crypto gambling is fast becoming one of people’s favorite pastimes on the Internet. Compared to classic online casinos, crypto casinos offer an array of advantages. It is entirely anonymous and fast, and you don’t have to mess around with banks or long withdrawal times to get your winnings.
However, such popularity comes with a cost. It has become very hard to choose legitimate crypto casinos and avoid scammers. The number of shady sites has been growing explosively lately, ripping people off and getting away with it. Here are a few things you need to consider if you want to avoid becoming their victim.
Check the License
This is a boring step, which is why many people choose to ignore it. However, it can save you a lot of grief down the road. Legitimate sites are licensed by one or more gambling authorities. Usually, it is Curaçao eGaming, Kahnawake Gaming Commission, Malta Gaming Authority, or something similar. These are recognized regulatory agencies that provide legal coverage and impose strict terms on any site that seeks their seal of approval. If the site has a license issued by one of them, you can be reasonably sure that it is a legitimate one.
On the other hand, a lack of licensing documents usually means that something fishy is going on, and you will be smart to leave immediately.
Do They Respect Your Privacy?
One of crypto gambling’s biggest selling points is anonymity. The whole point is to be able to enjoy your games without worrying that someone will dox you or sell your info. That is why you should be suspicious of any site that asks for any personal data apart from the bare minimum needed to make an account.
You should be able to sign up with just your email account, or sometimes not even that. There is simply no need to reveal anything else, especially if the site is pure crypto gambling. If it also offers fiat gambling, you may need to provide info such as your passport details, so make sure to check that out.
Is It Provably Fair?
Many people have started using provably fair as a buzzword without much meaning, but we assure you, it is anything but. Provably fair means that the site can demonstrate each bet’s fairness. Legit sites use blockchain technology and statistical methods that can be verified by anyone, providing transparent info and data about their odds. That way, you know what your chances of winning are from the get-go and can make an informed decision.
Check Bonuses and Promotions, But Curb Your Greed
Bonuses and promotions are a popular way of attracting new players and retaining old ones, and you should always take full advantage of them. In an industry with cutthroat competition, sites have to use massive bonuses to stay relevant. Match bonuses, free spins, and weekly cashback are some of the most popular items. But before you decide to accept them, make sure you have read the terms and conditions because sometimes these come with a lot of attached baggage, usually in the form of infamous wagering requirements.
For instance, if the casino imposes a 50x wagering requirement, that means you have to wager 50 times the bonus you received before you can make a withdrawal. That makes it highly improbable that you will ever see your money, so you are better off passing on such an offer.
Read the Reviews
In our world, online reviews are the modern equivalent of word of mouth. Make sure to read as many reviews as you can find and not just the ones they publish on their site. To make sure your money is safe, look for things like delayed or denied payouts, bonus bait-and-switches, poor customer support, random account bans, and similar. These are all massive red flags, and you should stay away from sites that practice them.
Conclusion
Crypto gambling can be a fun and rewarding experience, provided you deal with legitimate sites. But you can quickly regret it if you fall into the hands of scammers. Read these bits of advice carefully, and try not to rush things. It is better to start small and test a few sites before committing. That way, you can enjoy your hobby without worries.