The cryptocurrency casino industry continues to grow by leaps and bounds. Numerous providers enable users worldwide to wager on games of chance with their favorite crypto assets. The primary objective for CoinGambling.info is to assist players with finding the right casino, especially from a security viewpoint.
Finding The Safe Crypto Casinos
As there are dozens of crypto casino platforms to choose from, users need to take the proper precautions and compare the options at their disposal. One should never compromise safety for personal data and crypto assets over an appealing bonus or other benefits. Here are some essential tips and hints to ensure you can choose the right crypto casino to start playing safely.
The first step in determining the legitimacy of a crypto casino is by figuring out whether it holds a license or is regulated by other means. Any brand with a license has put in much work to become legitimate and ensure players can wager with peace of mind. However, the casino may not necessarily hold a license in every region. So, make sure you only deal with service providers that can legally operate in your region.
Regulation and licensing can help players avoid unwelcome scenarios. For instance, if one wins a big jackpot and then gets blocked by the casino operator for “violating rules,” the player has legal recourse if the platform is licensed or regulated. On the other hand, without either a license or regulatory oversight, casinos can withhold anyone’s earnings, and there isn’t much the player can do.
A brand’s reputation is everything, especially in the digital world. Establishing and growing a trustworthy brand is paramount with so many competing new bitcoin casinos. Moreover, there are various ways to find reviews for particular online casino providers. Sites like Trustpilot are a great starting point, although one will also find reviews and overviews across the various cryptocurrency portals. Additionally, checking trusted and known affiliate websites for reviews and information can prove worthwhile.
It is not uncommon for crypto casino platforms to receive negative feedback or complaints occasionally. However, reputable brands will resolve those issues and often only have a handful of such mentions. Brands with more complaints than positive reviews are best avoided, as they will not give players a good time.
Be vigilant about any complaints regarding withdrawals, as that can often be a red flag.
Players looking for specific slots or table games will find them by figuring out which of the established industry game providers licenses the title. Finding a crypto casino working with that provider is relatively easy and will lead to finding the most reputable platforms.
One thing to look out for is the slot RTP settings. Less than honest casinos will lower the RTP and decrease a player’s chance to win. It is a good idea to look for provably fair crypto casinos where anyone can verify the wager’s outcome so there can be no disputes. Provably fair outcomes are essential in the crypto industry, and any crypto casino brand not embracing that approach may not be safe.
Promotions & Welcome Bonuses
When choosing a crypto casino, check the welcome bonuses – and their requirements – along with the promotions. Several platforms offer lucrative welcome bonuses that are much higher than the industry average, but there may be some twists and turns in the conditions to qualify for said bonus. Predatory terms can also occur in the crypto casino industry, and it is best to be on the lookout for such aspects.
Common predatory terms include:
- Unrealistic wager requirements (often a combination of wagering the deposit AND bonus x amount of times)
- Time limits (a very brief window to qualify for the bonus/promotion wagering threshold)
- Low maximum bet (preventing players from reaching a bet amount requirement with ease)
On the other hand, some platforms have zero-wagering requirement bonuses and player rewards.
It is also worth noting bonuses may apply to different casino games, e.g., Live Casino or Dice only.
Payment Methods & Withdrawals
Crypto casinos will often accept various cryptocurrencies for deposits and withdrawals. However, some platforms may have a conversion into EUR, or BTC balances only. It is crucial to ensure the conversion is done accurately, although it may not be something players want to experiment with. Forcing users into specific currencies is not a fun experience.
On the withdrawal front, there may be a maximum limit per day/week/month, which is rather predatory. Some casinos will maintain incredibly low limits of less than $10,000 per month, degrading the user experience. Another aspect to consider is how the casino processes fast withdrawals. Nefarious casinos will try to delay withdrawals as long as possible and hope the player keeps playing games and lose more money.
Keep in mind some crypto casinos in our top list will not have any withdrawal limits, and they often process transactions instantly.
There are two extra tips we want to share with the reader. First, high-stake players should always look up the maximum bet allowed in slots or table games. Casinos can have different requirements and rules on that front. One platform may have a $100 maximum limit, whereas others go up to $25,000.
Second, some players may prefer to remain anonymous while gambling with cryptocurrencies. That is possible, as a few casinos accept only crypto payments rather than fiat currency deposits. Moreover, platforms might not always ask for users to verify their identities, although that is becoming rarer due to broader industry regulations and licensing requirements.
No matter how much one would like to start gambling with their crypto, there is some initial homework to do. Taking a few minutes of one’s time to analyze the crypto casino landscape and ensure a safe experience is always worthwhile. Performing a basic analysis of a crypto casino will often help one check off the tips and hints above, reducing the chance of putting money at risk.
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.