The cryptocurrency casino industry continues to develop by leaps and bounds. Numerous providers enable users around the world to gamble with their chosen cryptocurrency.
Find safe crypto casinos
With dozens of crypto casino platforms to choose from, users should take proper precautions and compare the available options. The security of personal information and crypto assets should never be prioritized over an attractive bonus or other benefits. Here are some important tips and guidelines to help you choose the right crypto casino and play safely.
Licensing
The first step in determining the legitimacy of a crypto casino is to determine whether it is licensed or otherwise regulated. Every licensed brand has gone to great lengths to legitimize itself and ensure that players can place their bets with peace of mind. However, a casino does not necessarily have to be licensed in every region. Therefore, make sure that you only deal with service providers that are authorized to operate in your region.
Regulation and licensing can help players avoid uncomfortable scenarios. For example, if you win a big jackpot and then get banned by the casino operator for "breaking the rules", the player can sue if the platform is licensed or regulated. On the other hand, casinos without a license or regulatory body may withhold winnings and there is little a player can do. More information on safe crypto casinos can be found at https://bitcoincasinos21.com/.
Good Reputation
Brand reputation is everything, especially in the digital world. Building and developing a trusted brand is paramount with so many competing new bitcoin casinos. Furthermore, there are various ways to find reviews about certain online casino providers. Sites such as Trustpilot are a good place to start, although it is also possible to find reviews and overviews on various cryptocurrency portals. Additionally, it may be worth checking out trusted and reputable affiliate sites to get reviews and information.
Crypto casino platforms receive negative reviews or complaints from time to time. However, reputable brands address these issues and often only have a few such mentions. Brands that have more complaints than positive reviews are better to avoid as they will not bring any joy to players.
Be attentive to complaints about withdrawals as this is often a red flag.
A wide variety of games
Players looking for certain slots or table games will find them by finding out which of the well-known game providers in the industry licenses the title. Finding a crypto casino that works with this provider is relatively easy and this leads to finding the most reputable platforms.
You should pay attention to the RTP settings for slots. Less reputable casinos lower the RTP and reduce the player's chances of winning. It would be a good idea to look for provably fair crypto casinos where everyone can check the outcome of the bet so that there are no disputes. Fair results are essential in the crypto industry and any crypto casino brand that does not follow this approach could be dangerous.
Promotions and welcome bonuses
When choosing a crypto casino, pay attention to welcome bonuses and their requirements, as well as promotions. Several platforms offer lucrative welcome bonuses that are well above the industry average, but the conditions for receiving said bonus may vary slightly. Crowding conditions can also occur in the crypto casino industry, so it is best to keep an eye on such aspects.
Common unpleasant conditions include:
- Unrealistic wagering requirements (often a combination of multiple wagers from the deposit amount PLUS the bonus)
- Time limit (very short period of time to qualify for the bonus/promotion wagering threshold)
- Low maximum bet (not allowing players to easily reach the required bet amount)
- On the other hand, some platforms offer free spins bonuses and rewards with no wagering requirements.
- It is also worth noting that bonuses can be applied to different casino games, for example, only to Live Casino or craps games.
Payment and payout methods
Crypto casinos often accept various cryptocurrencies for deposits and withdrawals. However, some platforms may only offer conversion to EUR or BTC. It is important to make sure that the conversion is done correctly, although players may not want to experiment with this. Forcing users to use a certain currency is not a pleasant experience.
On the withdrawal front, there may be a maximum limit per day/week/month that is quite predatory. Some casinos keep incredibly low limits of less than $10,000 per month, which degrades the user experience. Another aspect to look out for is how the casino handles fast withdrawals. Nefarious casinos will try to delay withdrawals as long as possible, hoping that the player will continue playing and lose even more money.
Read also: Is it worth investing in OMG at the current price?
Additional information
There are two additional tips that we want to share with readers. Firstly, high-stakes players should always check the maximum bet allowed in slots or table games. Casinos may have different requirements and rules in this area. One platform may have a limit of $100 while others allow up to $25,000.
Secondly, some players prefer to remain anonymous when gambling with cryptocurrencies. This is possible because some casinos only accept cryptocurrency payments and not fiat currency deposits. Additionally, platforms do not always require users to verify their identity, although this is becoming less common due to stricter industry regulations and licensing requirements.
Conclusion
No matter how much you want to play with cryptocurrencies, you need to do your homework first. It is always worth taking a few minutes to analyze the crypto casino landscape and ensure a safe and reliable experience. Doing a basic analysis of crypto casinos often helps to tick off the tips and tricks above and reduce the risk of putting money at risk.
