Cryptos as number 1: 40% of casino deposits at Softswiss

The Internet offers virtually endless possibilities, but this unfortunately applies to both users and any scammers. This already starts with fake stores that pull money out of customers’ pockets via prepayment, but do not send any goods at all. Unfortunately, casinos are often affected by this as well, because there are also fraudsters who act in this way. This considers  the online casinos as well as the users. The Stake Review on Casino.Guide is a highly respected online casino that caters to players who make their deposits with cryptocurrencies. The good news is that SoftSwiss saved more than EUR 10 million last year through its anti-fraud service. All the important news on Softswiss.com will inform you about the recent numbers.

The Stake Casino

Stake Casino is primarily aimed at players who like to realize their banking, betting and bonus offers with cryptocurrencies. However, in addition to the various currency options, the casino also offers an excellent online casino experience. Stake Casino was founded in 2017 and is licensed in Curacao. With the extensive gaming offer and likewise with the sports betting area, Stake has long attracted attention in the casino world. The official betting partner of Stake is the world-renowned and extremely important martial arts organization UFC, which of course provides additional trust. Thanks to this sponsorship, the operator was able to win the great athlete Israel Adesanya as a Stake brand ambassador.

Unlike its competitors, Stake relies exclusively on crypto payments. However, this does not mean that you can only pay with Bitcoin here, as other digital assets are also accepted as payment methods. These include Ripple, Litecoin and Ethereum, among others. High rollers will feel especially comfortable here that there is no limit on transactions.

Stake’s offer includes not only attractive campaigns, but also a very individual VIP program. Additional tournaments and events are also offered here. According to the turnover, the bonuses are paid out here per week or month as a bonus and without turnover requirements.

The transparency of the online casino Stake is also particularly worth mentioning, because the details of all promotions are also available for non-registered guests. Especially in the area of data protection Stake.com proves to be particularly safe. Here, the registrations are possible exclusively with the 2-factor verification.

SoftSwiss provides a fraud prevention solution

Even though the casino software manufacturer SoftSwiss is not really known in the world of players and users, it is all the more well-known and popular among online casino operators. Ultimately, many online casinos use the software from SoftSwiss. Just to name a few, these casinos include, for example, Spinia Casino, N1 Casino or Playamo Casino.

After all, the SoftSwiss software is designed precisely so that it can detect fraudulent activity and even minor suspicions are detected. The immediate intervention, then ensures the protection of players and of course the operators.

However, the SoftSwiss software not only offers the anti-fraud service, but there are also solutions for the verification of players. Such games are immediately closely monitored and screened accordingly. As a result, they must first submit some documents so that a withdrawal is possible at all. It is imperative for the casinos to know exactly who they are ultimately dealing with. At the same time, online casino operators must also always be meticulous about fulfilling their licensing requirements. To make this clear, they must always make sure that they are not allowing minors to gamble, for example.

Thanks to the verification made possible by the SoftSwiss software, many fraudulent players are already noticed here in advance. Exactly these games are namely not able to submit the appropriate documents. In addition, counterfeits are also quickly detected in this way. Furthermore, additional verification mechanisms from the SoftSwiss anti-fraud service also ensure that fraudulent players are quickly detected.

Online gambling and the different types of fraud

A fact, which is by far not known to users of online casinos, lies mainly in the fact that not only the dubious online casinos represent a real danger, but also from the casino players a not insignificant danger. These scammers often harm the operators to a considerable extent. There are some types of fraud that contribute to the fact that these rogue players, the online casinos downright fleece and so get the money with unfair means.

The rather unknown types of fraud

In fact, the abuse of bonus offers provides a real damage to the online casinos. Moreover, the same applies if several player accounts are opened at the same time in a casino. Another problem is the use of gambling manipulative software. Another method that is often used is collusion with other players for the purpose of gaining an advantage in live casino games.

In addition, other abusive behaviors are also meant, which contradict the terms and conditions of the casinos. For online casinos, the fraudulent behaviors are of course damaging to business, because no one wants to be cheated last. However, exactly this behavior, can be well detected with the help of the anti-fraud service of SoftSwiss.

Protection against fraud is fundamental for all participation

The online casinos must of course act immediately as soon as a fraud is detected. Here it must be clear that it is ultimately namely not only exclusively about the money of the operator, but certainly also about the money of other players who operate a fair. As soon as a fraud is discovered, this usually results in the immediate exclusion from the casino in question. But this is only the first step, because the online casino operators, the fact that immediately a criminal complaint is filed, also the possibility of the cheater from all other online casinos of the respective provider to exclude, and even extend this to other providers.

Thus, the anti-fraud software from SoftSwiss not only ensures that fraudulent intentions are detected early and can thus be prevented in advance, but it also protects the online casinos themselves. It also ensures that online casinos operators can block the fraudster for other sites and close existing accounts in a very simple and uncomplicated way.