Tag Archive: crypto casinos

Today, you'll often hear a subset of online gamblers who swear that utilizing online crypto casinos is the future of gambling. They will claim that the anonymous nature of Bitcoin and other cryptos allows for a safer environment. All your personal and banking details are not needed so remain out of the hands of internet hackers. But this way of thinking assumes that the crypto casinos are all good guys. Unfortunately, this is far from true and you have a worse chance of losing all your funds.

In just a couple of decades, we have moved from the traditional brick-and-mortar casino to the online experience. And now another leap takes place with the introduction of Metamask casinos. These allow players to utilize cryptocurrencies and tokens to fund their crypto wallets in order to play. This new technology allows for even faster transaction and processing times, making deposits and withdrawals totally seamless. As well as increased security, Metamask lets players concentrate on playing.

The idea behind cryptocurrencies sounds great on paper. After all, who doesn't want a decentralised monetary system? Online casinos were quick to jump on the crypto bandwagon. And though many reputable online casinos offer this as a payment option, there are many more offshore casinos using crypto as a means to hide less than honest activities. The very nature of anonymity that makes crypto so enticing can also be used as a means of scamming gamblers without consequence because no one knows you.

Thanks to the relatively recent rise in the adoption of cryptocurrencies, then it's no surprise that online casinos have also jumped on the crypto bandwagon. Though many reputable casinos accept cryptocurrencies, there are others who do so with the express purpose of misleading players. They will offer huge incentives and bonuses. But without any form of KYC, it's obvious they have no intention of regulating and enforcing things like age restrictions or solutions to help problem gamblers.