How to choose a reliable Bitcoin Casino in 2022
The good thing about choosing casinos that accept cryptocurrency is that players can enjoy a secure payment system supported by decentralized payment methods that are fast, fully digital and safe. Blockchain technology can offer a certain level of anonymity to play as well, which players simply do not get from traditional gambling sites.
While these are attractive features, there are still many scam sites out there that can potentially cost users more than they expect. With this in mind, it can be important to choose a reliable casino.
The risks associated with crypto gambling
As with anything involving cryptocurrency, there will be risks associated with gambling with digital coins. Players should be aware that volatility is not just about buying, selling and trading; price fluctuations in the digital environment will also affect bitcoin casinos. If the coins you use experience a drop in price, their value will decrease while you play, so be aware of how much your coins are worth when making transactions to minimize losses.
How to choose a reputable Bitcoin casino
Studies suggest that one in two crypto payments will now be made to online casinos by 2022, and more and more people are getting involved every week.
Before signing up, it might pay to define what you want from your endeavors. Ask yourself what type of experience you’re hoping to have, what features best suit your needs (ie have a side of slots or card-based games, if this is your preference), and the coins you want to trade. Once these factors are outlined, you can select a few relevant platforms and narrow down your options. Security, official licensing, transaction speeds and overall reputation should all factor into your final decision.
As a final step, take a look at the money-back policies, player incentives and how easy it is to contact customer support. If a platform ticks all the right boxes, it might be time to create an account. Keep in mind that some sites may be subject to regulations and restrictions in the United States, often related to the location of players, so be sure to check compliance with your state before signing on the dotted line.
Key features may include:
- Fast deposits and withdrawals
- Support for all major cryptocurrencies (or at least the one you hope to use)
- Good customer service
- Worthy bonuses
- An open source, decentralized platform
- Mobile compatibility
- A good selection of games
Since security is one of the most prominent factors for gamblers, any chosen site should have SSL encryption. With this, users can rest assured that all personal information will be encrypted using special software before it is stored on servers (and many will have their own encryption procedures on top for double protection as well).
Only the top performers will have verification processes in place for transactions such as random number generation, hashing and random seed generation, so if a platform doesn’t have any of these measures in place, it may be time to look elsewhere.
Features like multiple payment methods (the more fiat currencies, digital coins, and tokens supported, the more trustworthy a site is likely to be) and featured collaborations with recognizable international brands can also point to a site worth customizing.
As a growing industry, there will be scam sites out there, so due diligence and some decent research isn’t going to hurt your endeavours. User reviews can be an important source of information about the reliability of a platform and can give you insight into design, usability, success rates and more.
When you choose a site that has a good standing in the industry, you will reduce the risk you take when playing. Another way to make sure you don’t lose too much when playing is to only play with an amount you can afford to lose. A good way to keep expenses in check is to only deposit disposable income, to define the amount you can comfortably afford to lose.