Vetting Crypto Betting Sites for Legitimacy

Crypto betting sites have become very popular with bettors as they offer faster transactions and anonymity. However, it is one area where fraud has increased in the past few years, given the lack of oversight. After all, crypto is still yet to be adopted by the masses.

You can quickly learn how to register on Betisn and other bookmakers that support cryptocurrencies. However, you must vet all crypto casinos through several legal checks for a safe betting experience. Licenses and certifications are the best starting points for assessing a casino’s legitimacy.

Vetting is one step toward playing safely in a crypto casino, ensuring the games are fair and your data is protected. We’ll touch on crucial checks that must be made before you consider registering on a new platform.

Checks for Safe Crypto Betting

The key is confirming a casino’s credibility to offer gaming services. Do not let the promise of provably fair games or quick payouts lure you into depositing real money without verification. Hence, these steps are quick checks you can make within minutes. Confirm the following before registering and depositing into a new crypto casino:

Licenses and Certifications

Regulatory bodies like the Malta Gaming Authority, Curacao eGaming Commission, etc., are responsible for protecting online players. Hence, they run primary checks on casinos before approving their services. These checks include the following:

• Security system
• Customer data storage services
• Hacking protection systems

These bodies can give licenses based on the casino’s class—for example, the Malta Gaming Authority issues a class IV license to B2B operators that supply software.

Casinos often display their license at the bottom of their pages or in the “About” section. You can run the number by the licensing body to confirm its existence. This check shouldn’t take more than a few minutes.

Certifications are other pointers to credibility. One prominent body offering certification is eCOGRA. It tests the random number generators casinos use in their games.

You’ll see the stamp of approval at the bottom of the casino pages. iTech Labs is another certification body that tests casinos.

Player Reviews

Learning from firsthand knowledge can help you avoid certain pitfalls. Sometimes, a licensed casino may have a bad reputation for delaying or withholding payouts. You don’t want your efforts to go down the drain, with online fraud claiming $10 billion in 2022.

There are independent platforms where players leave reviews about casinos. These experiences can guide you toward avoiding tricky or fishy platforms. For example, several players might complain about delayed payouts on a gaming site.

That should raise a red flag on such a site. The best course of action would be to avoid it unless proven otherwise.

Review the Terms and Conditions

The terms and conditions should be the last thing you review before registering with a casino. Pay attention to the data protection and privacy policy.

Licensed and credible platforms will include contacts for their data protection officers. That is necessary for player complaints.

Conclusion

Playing at a licensed crypto casino does not mean you will win. The games are unpredictable. You can employ strategies but don’t blame the site when you lose bets. Play responsibly and deposit amounts that will not hurt your finances.