Legally permitted online casinos that accept cryptocurrencies like Bitcoin and Ethereum as a viable online payment solution in their virtual cashier/banking sections are now more popular than ever.
Accepting cryptocurrency for deposits and withdrawals has literally opened up the world of online casino gaming and sports betting for millions of people worldwide, and this blockchain technology that facilitates crypto payments has also made things safer and more convenient for players.
Let’s now take a closer look at some of the most important factors every new online casino player should always consider before deciding which crypto casino sites might be worth their time.
Can all crypto casinos be trusted?
No, not all crypto casinos can be trusted, especially unlicensed and unregulated ones. These ones must be avoided at all costs because they are operating illegally in whichever jurisdictions they ply their trade.
Licensing is the most important thing to try and find out before signing up anywhere. Find out where the operator of the site you are about to join has obtained its license.
Stick to betting on crypto-accepting online casinos that hold licenses by one or more mid to top-tier licensing authorities/gaming commissions, like those currently featured on the globally renowned BitEdge.com iGaming review site.
The official link for this page is here: https://bitedge.com/crypto-casinos/.
All of their featured brands are licensed by internationally accredited authorities, such as the MGA (in Malta), the GGC (in Gibraltar), the UKGC (in the United Kingdom), and Curacao eGaming (in Curacao), to name a few.
Other mid to top-tier licensing authorities that also uphold the highest industry standards and impose rigorous background checks/in-depth testing and analyses and thorough vetting processes before issuing licenses are the New Jersey Division of Gaming Enforcement, the Alcohol and Gaming Commission of Ontario, and the Kahnawake Gaming Commission.
That’s not forgetting the Michigan Gaming Control Board, the Isle of Man Gambling Supervision Commission, the Pennsylvania Gaming Control Board, the Danish/Swedish Gambling Authority, the Belgian Gaming Commission, and several others.
It’s also perhaps best to avoid signing up to sites that are licensed by what many industry experts and leaders refer to as rubber stamp (bottom tier) gaming commissions/licensing authorities because they often carry out little or no checks before issuing licenses and hand them out to pretty much anyone with enough money to purchase one.
These ones can be found in places like Panama, Costa Rica, Belize, and Anjouan Comoros.
When a casino is licensed by one or more mid/top-tier authorities/commissions, you can trust that it’s controlled by a reputable operator with a solid reputation and good track record in the iGaming industry.
What are the tell-tale signs of a good crypto casino that won’t let me down?
Besides licensing and ownership, there are several other important tell-tale signs to look out for that reveal whether the brand you are considering joining is trustworthy or not. Examples include the following:
Crypto casino sites also typically don’t enforce the KYC (Know Your Customer) age/ID verification process, meaning you don’t have to bother sending in scanned colour copies of your ID or proof of address, which most players find extremely frustrating and far too intrusive.
Finally, the best crypto-accepting iGaming sites will always be free to join, and the simple online registration process will take less than a minute to complete.
The top sites use 128-bit SSL (Secure Socket Layer) cryptographic encryption cybersecurity measures to keep you and your account details/money safe at all times, and the thousands of games you can play on their site will typically have high or above-average return to player (RTP%) payout rates of around 92.00% to 98.00% or higher.
Final thoughts
The other signs you have found yourself a good site worth joining include that it will have clear and concise terms and conditions attached to the bonuses and promotions, and excellent data protection and privacy policies, and they will fully comply with international Anti-Money Laundering (AML) policies.
They will also actively promote responsible gambling and may even have a range of handy, safer gambling tools for you to use to ensure you don’t exceed your initial spending budget.
When playing on crypto-accepting casino sites, the most important thing to remember is to gamble responsibly by setting session time reminders and deposit limits if they are available on any sites you join.
Also, avoid borrowing money to play your favourite games or play while under the influence or tired. Playing with a clear mind will mitigate losses and help you avoid placing risky bets that you wouldn’t normally place.
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
