Is it Safe to Play at Online Casinos with Crypto?

 

Since covid-19 in 2020, using cryptos as online gambling currency has snowballed, with Bitcoin being the most preferred choice.

Online casinos with crypto provide fast and low-cost transaction fees because no third parties are involved. Although the growth is exponential, many gamblers still feel unsafe gambling online with cryptos.

Is it safe to play at an online casino with crypto? Yes, many players consider crypto gambling one of the safest. But it depends on where you are playing. Online crypto-gambling guarantees you full anonymity when playing, which can be breached in some circumstances.

Online Casinos

What is Safe on Online Casino Crypto-Gambling?

Online interactions pose a lot of security threats to users. Cybercriminals pose a threat to the entire digital world, and you could have all your data leaked, locked or manipulated. The casino, the holder of your online data, is required by law to ensure this data is safe and secured.

Firstly, cryptos are mostly preferred for their anonymity features. And therefore, crypto gambling must guarantee your anonymity, and the casinos must also assure the players that while they[customers] are dealing with the crypto, their identity is concealed.

Secondly, you should also be guaranteed that whatever your funds are safe in the crypto wallet and your gambling account. No one should be able to trace back where you deposited from or access your casino account.

Casinos can include encryption protocols like a two-step verification process to shield the transaction process from unauthorized eyes.

Best Crypto Sites

Your safety when crypto gambling entirely depends on the site you choose to gamble on. You should always play at a regulated site by a recognized government body like the UK Gambling Commission. Some independent reviewers can help you identify legal sites for gambling.

Below are some of the most popular crypto sites in 2022. Some of them have generous bonuses, quick withdrawals and mobile support. Compare and choose your preferred option.

7Bit Casino

7Bit Casino is one of the biggest international Bitcoin online gambling sites. The site boasts many years of online gaming and over 7000 BTC casino games to your preference.

To boost your online security when playing, the casino offers a Secure Socket Layer (SSL) protocol encryption to guard all confidential data by every player on the site.

The casino offers table games with bitcoins, video poker, jackpot slots, BTC live dealer games and online BTC slots. All you need to do is:

§ Log into your 7Bit Bitcoin casino.

§ Move to the cashier.

§ Select your preferred e-currency.

§ Select your preferred digital wallet.

§ Choose the amount you wish to invest or withdraw.

Although BTC is the main cryptocurrency at 7Bit Casino, you can use alternatives like Bitconnect (it is inactive at the moment), Dogecoin, Litecoin and Ethereum.

Rocketpot Casino

Rocketpot is a fast-growing online casino with over 3000 slot games and table games for BTC, DOGE LTC, USDT, ETC, Ripple, Tether and Neo. The casino is constantly ‘brainstorming’ on more innovative new ways to improve players’ security when dealing in crypto gambling.

Your safety at Rocket pot casino begins with the registration process. Very little information is required to register as a player on this site (just an email address and a crypto wallet); therefore, there is little information to secure.

Although transactions here could last up to ten minutes, it is still safe because of the complex nature of the BTC blockchain. You don’t have to worry about being tracked.

Mint.io Casino

Mint.io casino allows you to use crypto to bet on sports and casinos.

The site has invested in strong security measures that surely earn a player’s trust and loyalty when using their site. When you play with crypto, you are subjected to a two-factor authentication process.

When you deposit from your crypto wallet, the casino site will avail you with a one-time temporary password and a one-time unique four-digit code as an additional layer to your security password. This is hard for a third party to break in successfully into your account’s data.

The site has also invested in state-of-the-art technology to secure your account and ensure you are completely anonymous when you are online. This is their bargain to earn customers’ trust and loyalty.

The site is also fully regulated and plays by the guidelines of the Curacao Gaming Authority.

Online Casinos

How to Use Crypto Casinos

Crypto casinos, popularly known as Bitcoin casinos, have rules like regular or online casinos. The main difference is that in Bitcoin casinos, customers use crypto (in this case, BTC) to play and win.

Cryptos work by storing the digital public ledger in many computers in a decentralized system, thereby making it hard to flag off the actual source. Online casinos were among the earliest adopters of cryptos for payment.

To a first-timer, the process might not be as complex as you think. The sites operate just as traditional accounts. However, the process of cashing out after a fruitful or unsuccessful wager. First-timers get what is dubbed as an ‘in-house’ wallet to transfer their crypto coins.

Also, different sites have different policies, and before you choose crypto for gambling, you must read the terms and conditions to understand how the specific site works.

IS Online Crypto Casino Legal?

Yes, online crypto gambling has been here for years since the dawn of technology. However, there is equal speculation on the legality of crypto casino gambling. Also, every region has its trends in crypto gambling in general.

In the European Union, for example, which has played a pioneering role in legalizing crypto, there is inconclusive legal coverage on crypto-transaction, especially in the gambling field. In the United States, gambling regulation varies from one state to another.

Conclusion

Online crypto gambling is here to stay as a safe way to gamble online. And your safety when using crypto to play on an online casino starts with you! Because it is at the initial stages of development (which has been exponential thanks to Covid-19), there are a few bullets to dodge.

About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

Related Posts

E-Crypto News Executive Interviews

Cryptopunkad1
Cryptopunkad2
Cryptopunkad1
Cryptopunkad1
Cryptopunkad1
Cryptopunkad1
previous arrow
next arrow

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

College Students
7 Tips for College Students Who Want In on Crypto
October 5, 2022
Inflation Bitcoin
5 Aspects that Affect Cryptocurrency Prices
October 5, 2022
Crypto Regulation Index
Crypto Regulation Index for 2022
October 3, 2022
What Is ZetaChain And How Does It Operate?
What Is ZetaChain And How Does It Operate?
September 27, 2022
LUNC
What is Terra Classic (LUNC)? How Does it Work?
September 26, 2022


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin20,263 0.55 % 0.22 % 4.21 %
Ethereum1,364.4 0.86 % 0.42 % 1.82 %
Tether1.000 0.06 % 0.20 % 0.06 %
BNB283.64 0.09 % 0.32 % 2.79 %
USD Coin1.000 0.44 % 0.25 % 0.18 %
XRP0.4926 0.31 % 3.12 % 8.90 %
Binance USD1.000 0.15 % 0.14 % 0.18 %
Cardano0.4302 0.59 % 1.59 % 2.78 %
Solana42.12 0.56 % 2.22 % 3.81 %
Dogecoin0.06527 1.20 % 1.36 % 7.30 %

bitcoin
Bitcoin (BTC) $ 20,161.40
ethereum
Ethereum (ETH) $ 1,352.10
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 293.51
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.498182
binance-usd
Binance USD (BUSD) $ 0.998479
cardano
Cardano (ADA) $ 0.431436
solana
Solana (SOL) $ 33.93
dogecoin
Dogecoin (DOGE) $ 0.065255