Bitcoin casinos are becoming more popular by the day, and many people are choosing to give them a try, aided by the great exchange rate and the option of maintaining anonymous in their gambling. So if you’re thinking of giving them a try, what can you do to make sure that a site is legit? Well, here’s what to check to minimise the risk.
A brand new website should be a big red flag if you’re looking to play at an online casino. While everybody has to start somewhere (casinos too) it is often safer to look for a site that has at least two years of history behind them so you can see they have a provable track record. Businesses that have run this long are more likely to be reliable. It’s unlikely that they would have lasted this long if they didn’t want to pay their players.
Is It Provably Fair?
In the early days of Bitcoin casinos, there was very little regulation when it came to ensuring that a Bitcoin site was fair and honest. However, in more recent years, it has been easier to check that a site is legitimate by seeing if it has the option to validate your own bets – a system known as ‘provably fair.’ It works by both the casino and the player sending a seed to the wager string. If both seeds match, the bet is fair and impartial. Checking any Bitcoin site that you play on is provably fair should be one of the first things to check before signing up.
Word of Mouth
Check out Bitcoin and Bit casino forums to see if there is any information on your chosen casino. No information online can be a big clue as to how long the site has been in operation, and the site is probably best avoided. However, don’t just stop at being able to find information on a casino. Take a good look at some of the feedback and reviews of the casino site and see if there are any recurring issues. Does it take ages for the payments to get to you? Is customer service lacking? If so, take the information on board. Do note, however, that not everything you read on the internet is true, so you’ll need to use your common sense to wade through those posts that may not be any use to you.