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There are many advantages of using cryptocurrencies when playing in online casinos. Bitcoin, Ethereum, and other crypto options offer improved anonymity compared to fiat currencies. There’s no need to add any credit card or other sensitive financial details. The only thing required is the address of your cryptocurrency wallet.
If you set your mind on using crypto, let’s discover how to choose safe online cryptocurrency casinos. Check out what you should know about the selection process!
It All Starts with a Gaming License
Those who look at the reviews of top online casinos in South Africa will discover that a gaming license is crucial for any operator. That includes providers who only offer fiat currencies and those who expand to crypto. A gaming license is a confirmation everything is done by the law. It guarantees that a casino has enough financial cover to pay out all winnings on that platform.
You’ll find that casinos often acquire licenses from different authorities. The majority is reliable, although experts recommend looking to the most prestigious organizations in the industry. That includes the United Kingdom Gambling Commission, but also authorities of Gibraltar, Curacao, and Malta.
What’s the best way to confirm if a provider is reputable? The answer is to look into its history and check out if there are any red flags.
Here are some questions to ask:
- How long is the casino in business? The longer they are open, the more reputable they are.
- Were there any data breaches in the past? That’s usually a bad sign and indicates you should avoid that platform.
- Are there any significant player complaints? If the operator often goes through the complaint process, it might be smart to pick an alternative.
- Which developers have their games on that website? Reputable names like Microgaming, Evolution Gaming, and NetEnt can increase the casino’s reputation.
Online casinos protect their servers to prevent any data breaches. While cryptocurrencies are more secure by default, somebody could still intercept or steal the address of your wallet and cause problems.
That can’t happen if the casino has SSL protection. This protocol is among the main things to prove the online payment is secure. The idea is simple – it encrypts any sensitive information players share to keep it safe. Many other anti-fraud tools can also improve user security when playing in online casinos.
Which Cryptocurrencies Do They Support?
It’s easiest to find a Bitcoin online casino since it’s a major crypto supported by most platforms offering this payment method. However, that’s not the only currency you might consider using. What if you prefer Ethereum because it’s getting harder to acquire BTC? Perhaps you’d like to try Litecoin, Monero, or another currency?
Online casinos focus on major cryptocurrencies. You’ll rarely find more than five offered on a single platform. However, that should be sufficient to cover the requirements of most players.
Are There Any Fees Involved?
The next thing to check is if there are any fees involved when using cryptocurrencies in the desired web casino. It isn’t worth much to confirm it’s safe to use Bitcoin if you find that fees are harsh to deposit and start playing. The good news is some platforms offer instant processing without any charges involved. Other operators only take a small fee, which could be acceptable for some players. However, if you notice a harsh charge, it’s better to find an alternative.
Apart from deposits, don’t forget to consider withdrawals. The operator should be transparent about processing times. You want to receive your funds as quickly as possible. Additionally, don’t forget to check any charges involved. You don’t want a casino taking a significant portion of your winnings when you withdraw the funds.
Crypto casinos aren’t much different than those offering fiat currencies. Furthermore, most platforms offer both payment types, which makes it easy to pick your favorite. As for safety, you should consider regular matters like licensing information and security layers implemented. It’s critical that processing your transactions is safe and fast, and the casino should be fair when it comes to required fees. If you take some time to pick a reputable platform, it’s guaranteed you’ll have a lot of fun playing!