Cryptocurrencies have changed the world of finances forever. Ever since the introduction of this new Blockchain technology more than a decade ago, many industries have noticed the benefit that comes from cryptocurrencies, and most of them incorporated such technologies into their system.
One of the biggest industries that had a big impact from Blockchain technology is the online gambling industry.
Nowadays, there are plenty of online casinos that allow players to use cryptocurrency in the gambling process and new ones are popping up every day.
However, even though the crypto technology was designed to make the entire process decentralized and safer, due to the still unexplored boundaries of cryptocurrencies, we’ve witnessed many scams.
The question here is how to recognize if a crypto casino that promotes Bitcoin betting is legitimate or a scam.
Let’s go through a couple of steps you need to take before depositing your crypto on a casino website just to make sure that you are dealing with a legitimate company.
Things to Consider Before Playing at Crypto Casino
Check for Casino License
The first and most obvious check that would suggest that you are dealing with a legitimate company is to find out whether or not the casino has obtained its gambling license. Gambling licenses are hard to obtain and the company needs to pass a series of checks before it is awarded a license.
The license would suggest that the crypto casino satisfied the requirement for fair gaming.
So, make sure you go to the website and find out if the casino has obtained a license from trusted bodies like MGA, UKGC, etc.
Browse Through Their Website
Even though some scams look like the real deal, most of them do not pay the same attention to detail as legitimate casino websites. So, if the company has a poorly designed website, with little to no information available about their business and company, it should raise some red flags.
You should also examine the quality of the content written on the website. Go through the website posts, graphics design, and responsiveness.
Most scammers don’t waste a lot of time when designing a website, compared to big casino companies, so this might be an indicator that maybe the website is a scam.
Check Out Online Reviews
We live in a digital era where it is hard to keep a secret from a big scam like a casino company. In other words, after scamming some people there is a good chance that some of them will turn to forums or write a blog review telling people to avoid that website.
So, it is a good idea to check the website’s online reviews on forums or third-party blogs. Even though scammers may pay a lot of writers and blogs to write a positive review on their website, digging through the web you’ll eventually find out the truth.
Review Their Offers
The online gambling industry has been consistent in terms of offers on all casino websites. In other words, most casinos offer similar bonuses, free spins, and jackpots with a slight variation.
Most scummy casino websites put offers that are too good to be true, just so they can attract more people to sign up and deposit money.
So, if a casino offers huge returns and bonuses, it should raise the alarm about a scam that needs to be carefully looked at.
Check the Casino’s Reputation
Nowadays, if you want to succeed in the highly competitive market of online casinos, you’ll need a strong reputation and alliances with bigger organizations to help you with the journey.
Finding out more about the company and its involvement with third-party providers will help you understand whether or not you are dealing with a legitimate company.
If a company has anonymous founders, a weak online presence, and no partnerships, these should all be red flags of a potential scam.