Choosing crypto casinos for gambling is already an excellent option to protect your savings and safeguard your identity as a bettor. However, as the crypto casino market expands, it has become all the more difficult for players to navigate the different websites and keep themselves safe.
So, how can you prioritize your anonymity and privacy the next time you gamble on crypto casinos? In this guide, you’ll find all you need to know to keep your personal and financial details safe. Let’s get started!
Find a Reputable Crypto Betting Site
The first step should always be to find a reliable and trustworthy crypto-betting site. If you are unsure how to do so, take advantage of reliable resources such as casinoscrypto.com[1], which craft lists of reputable crypto-gambling sites and compare features.
Additionally, look at the online reviews left by current and past users. Make sure to look beyond the reviews left on Google, as these might not be verified.
Look at the Site’s Privacy Policy and Accreditations
Although cyberattacks such as phishing and malware aren’t uncommon, technology is making online gambling safer[2]. If you are looking to make sure that your chosen crypto casino is taking advantage of the latest cybersecurity features, look for the following signs:
- It has an SSL certificate
- It uses encryption
- It ensures that the game is fair for all players through random number generators
- It uses a reputable software
- It makes available user security features such as multi-factor authentication
- It holds the relevant accreditation and licenses
- It makes available a clear and comprehensive privacy policy
Be Aware of Cryptocurrency Scams and How To Avoid Them
Digital currencies are still a relatively new technology and, as such, they come with inherent risks that are not always easy to predict. In particular, over the past years, cryptocurrency scams[3] have grown in frequency and intensity, and bad actors are using more and more sophisticated strategies to steal a user’s data or money.
When gambling online and using cryptocurrency, make sure to understand what your risks are and how to keep yourself safe. For example, you should be suspicious of sites that claim to give away free crypto, promise unrealistic rewards, or demand crypto payments.
Although there are only a few laws protecting consumers making crypto transactions, you should always report suspected scams to the Federal Trade Commission.
Use a Crypto Wallet To Protect Your Savings
A great option to protect your identity when gambling with crypto is to use a cryptocurrency wallet[4]. Although some crypto casinos offer to create a crypto wallet for free where you can safely store and deposit your cryptocurrency, you might also choose to create a crypto wallet with a third-party service provider. You can then link your wallet to your chosen crypto casino.
This strategy can help you avoid having to provide your financial details to unfamiliar sites, and can protect your savings and credit cards.
Safeguard Your Credentials and Financial Information
When you sign up for a crypto casino, make sure to take all the necessary steps to keep your personal and financial information safe. Some security strategies you should implement today include:
- Using 2-factor authentication features
- Changing your password regularly
- Creating passwords that are easy to remember by hard to hack
- Storing your credentials in safe locations
- Verifying that the chosen site has an SSL certificate
- Creating a username that protects your identity
Use a Secure Network or VPN
Lastly, don’t forget to check that your network is safe to use! Even if you are playing on the safest casino crypto out there, your WiFi connection can expose you to malware and phishing attacks that might lead to identity theft.
To reduce the risk, only play when you are sure that you can trust your network. Alternatively, consider using a VPN that adds an extra layer of protection!
References
- ^ casinoscrypto.com (casinoscrypto.com)
- ^ technology is making online gambling safer (macsources.com)
- ^ cryptocurrency scams (consumer.ftc.gov)
- ^ use a cryptocurrency wallet (time.com)