Being careful at online casinos

The rise of Bitcoin online casinos, and ones for all kinds of cryptocurrencies, has been nothing short of breath-taking and new casinos for digital currencies appear all the time. The huge demand for online gambling with cryptocurrencies is driving this expansion and, of course, for the players, the more choice and more competition, the better for them. However, there is also a downside to the impressive growth of online casinos. While most of these online casinos operate in good faith, there are some who are not so honest and might not really be all they claim to be. To avoid falling into the traps these online casinos set, it is important to take your time to do some research if you are not sure about the casino in question.

What are some indicators to look out for?

When it comes to these dishonest casinos, a lot of them will try very hard to look the part so taking a quick glance at their website is probably not going to lead to you definitively knowing if they are trustworthy or not. Here are some of the easiest and most common ways you can tell if an online casino is not entirely up to scratch.

Provably fair

Being a provably fair casino is not a requirement for all casinos but it is one way that online casinos can reassure their clients of their trustworthiness and show that they have the player’s interests at heart. However, it is quite simple to just say that a casino is provably fair. The ones that are genuinely provably fair will have their provably fair formula somewhere on their website and it can easily be accessed by users who want to see how it works. Other casinos may have a provably fair certificate provided by an outside source. In this case, they will have a logo, usually at the bottom of the page, which follows a link to the certificate’s source. This way, you can be certain that their claim to be provably fair is correct.

Licensing

While licensing for online casino is not straightforward, there are several groups, such as Curaçao e-Gaming and the UK Gambling Commission, who will provide a seal of approval for online casinos in an official capacity. These seals of approval confirm that the online casino in question complies with the criteria set out by the body that allows it to legally operate in the jurisdiction it is based in. Again, like provably fair casinos, there is no obligation for online casinos to attain these licenses but it is reassuring for players to know that casinos who have them have passed all the checks and balances. Much like provably fair casinos, casinos with these seals of approval will have a link to them, usually at the bottom of the page.

Slow payments

Slow payments are frequently a complaint that is levied against dishonest online casinos. This usually plays out when they accept a deposit but then take a long time to clear it. The usual cause for this is a lack of funds held in reserve and therefore they can’t cover the bets they are taking. As any gambler knows, this is a dangerous way to play. Be wary of casinos which have a history of complaints regarding slow payments.

The great thing about online cryptocurrencies is that there is plenty of information online about the reputation of casinos and about player’s experiences and the problems they have encountered at different sites. As such, if you have any doubts, do your research on the casino in question and you’ll soon find out if you’re the first one to have any doubts or problems with them.

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