In the past decade, the iGaming industry has achieved never-before-seen heights. More and more people are signing up for online casinos, states and countries are passing laws legalizing the practice, and betting websites see a lot more traffic. This new-found interest has led to many people becoming embroiled in the industry, without much experience. So, in this article, we would like to share a few tips and tricks for how your gambling experience can be much safer.
In 2009, Satoshi Nakamoto pretty much single-handedly changed the financial world. The introduction of Bitcoin made a huge impact on digital currency, finance, markets, and investments. Unavoidably, the “crypto trend” spread, leading to many other new types of cryptocurrencies, digitally encrypted art, non-fungible tokens, etc. And while the debate regarding crypto and NFT safety will rage on for a while, the fact is that this new form of currency is here to stay.
So, unsurprisingly, recently many online casinos have begun to embrace cryptocurrency as a viable method for deposit. In turn, this has caused quite a lot of gamblers to wonder if crypto gambling is safe. And the answer is not very cut and dry. If you are using a licensed and regulated, legal casino, you will have absolutely no safety problems. However, that doesn’t mean your funds will be safe.
Anyone who dabbles in crypto knows how volatile it is. Meaning, that it is entirely possible for you to place a deposit, win, and then find out that the price of the currency has dropped, leaving you with less money than you started with. It is also for this reason that keeping a crypto bankroll is quite difficult. So, our recommendation would be that, if you are new to gambling or crypto, you stick with FIAT betting, at least for the first few years.
Look for a License
An estimate puts the number of online casinos in 2023 at over 2500. With so many websites, how could you know which one to pick? Well, there are many factors. However, the biggest one is a license. For those who don’t know, a gambling license is a sort of “seal of approval” given to a website (or a land-based casino), which confirms that the games are fairly set and the odds are not disadvantageous to the players.
The best thing you can do is look for an online casino licensed by the country you live in. However, if you prefer offshore websites, the best and most trustworthy licenses are issued by countries within the European Union, like Malta, Gibraltar, and the United Kingdom and Caribbean countries like Curacao, who also take online gambling very seriously.
The reasons to avoid unlicensed websites are plentiful. They may have terrible player odds, they could be unsafe and unsecure, and some have been outright scams. So, if you are new to online gambling remember that a license guarantees a safe experience.
Research Secure Payment Methods
When visiting an online casino, the games that will likely catch your eye are the slots. It is in large part thanks to online slots that the iGaming industry is where it is today. These games are fun, simple, require little-to-no skill, and with the audio and visual effects, their entertainment value is propelled even further.
You will find that most online slots (and online casino games in general) accept a wide variety of payment methods. Though not all are created equal. We touched briefly on this during the crypto-section, however it is worth expanding on.
In terms of security and anonymity, cryptocurrency is quite a safe payment method. The transfers are hard to trace and encrypted, which ensures your anonymity. Another popular method is using credit or debit cards. Usually, this is quite safe. However, it wouldn’t hurt you to use some added security measures if you are going to be using cards.
The safest method, in the eyes of many seasoned players, are the numerous e-wallet services. PayPal is the most notable one here. However, it is not the only one. You can look into the various different e-wallets available, and you will find that transactions made with them are safe, quick, and quite easy to make.
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