One of the most significant developments in the gambling market recently is the acceptance of various payment methods by online casinos. Online casinos that accept bitcoin and other cryptocurrencies as payment methods are becoming increasingly popular. But how can you be sure that everything at such a casino is safe and legal?
Actually, you can. Cryptocurrency is an incredibly secure payment method. More importantly, what you do before and after you create an account with any online casino site determines whether or not your account remains secure. Learn more about staying safe when making and taking bitcoin payments at online casinos with the following tips:
Only Spend Your Crypto At Reputable Online Casinos
Suppose you tell people that they can pay with Bitcoin. In that case, it’s almost certain that some will try to do so regardless of whether the seller or service provider is a reputable crypto exchange. It is crucial to the security of your finances that you only engage with licensed online casinos, especially when dealing with currency as valuable as Bitcoin.
Sweden, Malta, the United Kingdom, and other countries provide licenses to casino operators. These are usually found towards the bottom of the page or in the “About Us” section. If a casino’s license is hard to find, it does not necessarily mean they are trying to hide something. Still, you would be best off by reaching out to customer support if you don’t find anything there.
In countries like Sweden, the online casino doesn’t need to be licensed by the Swedish Gambling Authority to be considered a legal casino operator. The Swedish Gambling Authority recognizes licenses issued by other international gambling authorities, and we’ve even prepared a list of bästa casino utan svensk licens.
Create Strong Passwords
You should always use a secure password when signing up for something online? This is especially important when money transfers are involved, as is the case with the password of your gambling account. When creating an account with an online casino, consider using a password that is both secure and unique. Create a password with upper- and lower-case letters, special characters, and numbers.
If you’re signing up for several online casinos, you should ideally use a separate password for each one. Finally, it’s recommended you change the password on a regular basis, at least once a year. You can use a program to create random passwords, which you can store separately. Another technique for creating a password is to choose a word and then replace letters with memorable characters and numbers: “password” can become “P@ssw0rd” or “pa$5Word”, for example.
Be Wary of Hackers
Be wary of any emails you receive after creating an online casino account. Hackers may attempt to pass themselves off as legitimate customer service agents of the casino to access your cryptocurrency information.
Be on the alert the moment anyone claiming to be working for your online casino asks for your login credentials: details such as your username, email address, password, or cellphone number. Except for the purposes of account recovery, such information will never be required by professional Bitcoin casinos. Even then, professional casinos won’t need your complete details to verify your account, and they will never ask you for your password.
When communicating with anyone claiming to be working for your online bitcoin casino, always verify the sender’s email address first. If you detect anything weird, or if the requirements are unusual, simply exit the email/website, do not disclose any info, and report the suspicious activity immediately!
Cryptocurrency Casino Security Verdict
The legitimacy and reliability of crypto casinos, as with online casinos in general, varies. In terms of security and privacy —due to the way crypto transactions work— crypto casinos outperform casinos offering traditional payment methods only.
With that said, always check that the casino you are thinking about joining is licensed, make sure you protect your accounts with different, secure passwords, and be wary of hackers attempting to gain your personal financial information.