The gambling industry is experiencing a tremendous boom and one of the most noticeable outcomes is the creation of many new online casinos. As it stands, it is becoming difficult with each passing day to figure out where to play. Meanwhile, with many online casinos looking to integrate cryptocurrency as a means of making deposits and withdrawals, one has to stay prepared for the peculiar cons of this payment option.
Certainly, Bitcoin gambling has its advantages. It is a popular option for players as it offers much anonymity, convenience, security and speed. However, it does come with its challenges. While using Bitcoin and other cryptos for payments is relatively safer, figuring out whether everything about the casino is safe is a huge task. Many online casinos are not safe and this is why it is important to check out these new online casinos in Sweden. In the meantime, here are some basic tips to help you stay out of trouble the next time you visit professional Bitcoin casinos.
Only Play At Reputable And Reliable Casinos
You can think of this as a rule of thumb. Finding a reputable and reliable online casino is one of the most basic steps in the right direction for online gambling enthusiasts. Truth is, many new online casinos out there are created solely to defraud players. With the casino industry booming at an exponential rate, this does not come as a surprise. However, playing at a reputable online casino will go a long way. While there is no robotic definition regarding what a reputable casino should look like, here are some standout features:
- Recognized license (UK Gaming commission, MGA, etc.)
- Good reviews from other players
- Quality games and software
- Responsive customer support
- Reputable crypto exchange
- Security and encryption (for your payment data, personal info & password of your gambling account)
We asked our guest gambling security expert Amy Martinsson’s opinion, and here’s what she said: “Att hitta solida och säkra casinon online är det viktigaste steget när det kommer till datasäkerhet. Trots allt kan du göra allting rätt, men det spelar ingen roll om ett dåligt casino tillåter en dataläcka.”
Beware Of Phishing Websites And Mails
This is one of the most popular ways that hackers access accounts and defraud people of their money. Certainly, Bitcoin (and crypto in general) offers one of the safest modes of payments. In addition to a password, it requires several other authentication modes which can be difficult to crack. However, with phishing emails and websites, hackers can retrieve some of this valuable information over time.
Hence, to stay safe, ensure that you check any strange email or questions before responding. As always, no bank or financial institution will request your login details to help you solve any challenge. This is one area many newbies get trapped. Do not share, rather report anything strange immediately.
Employ Multiple Layers Of Protection
One of the basic mistakes that most gamblers make is using very simple passwords. Some go as far as using their date of birth, names or something that will be very easy for them to remember. That’s not great. Instead, choose an obscure password that will be difficult to guess or hack.
Even more, ensure that you activate additional layers of protection. For example, activate two-factor protection and other means of verification. This will provide you with the utmost protection for your account against fraud.
Only Use A Reputable Crypto Exchange
The crypto world is growing and many new exchange companies are springing up. Just like online casinos, many of these crypto exchanges are scams. Meanwhile, there are several big names out there that can be trusted such as Coinbase, Trustwallet and others..
Whatever transaction you intend to carry out, ensure that you only do so via any of these reputable crypto exchange sites. That will go a long way to put you out of trouble.
Certainly, there are many things to look out for when playing in a Bitcoin casino. While we have mentioned a few, there is no doubt that self-control and consciousness are key. It is important to work on yourself. Once that is settled, every other thing is secondary.