Want to play at a crypto? Yay! Currently, they’re among the hottest entertainment platforms on the internet.
Besides making swift and anonymous transactions possible via coins like Bitcoin and Litecoin, these sites are home to thousands of games.
So, it doesn’t matter if you love to play slots, table games, live dealer titles, or specialty games, you’d find something that appeals to you. What’s more? Some sites even go further with sportsbooks that let you place bets on your favorite sports and teams.
But most players heading into the crypto gambling space usually have one question on their lips. And that’s “how can I find a trustworthy crypto?” With thousands of sites all looking to get your attention, it can be difficult to separate the wheat from the chaff.
Don’t worry, though. We’ve got your back. In this guide, we’ll run you through 7 metrics you must check before you select a crypto. Having these factors on the back of your mind will see you pick sites that deliver a secure and fun wagering adventure. Itching to see what those metrics are? Let’s get going!
Metric 1: Licensing
Before you hit the SIGN UP or REGISTER button at a cryptocurrency casino, make sure it has a valid license. A license is like a seal from a regulatory body. It confirms that a crypto casino has gone through different checks and is considered legitimate.
The most common licenses you’d find at crypto casinos are those from bodies such as the UK Commission, Malta Gaming Authority, and Curaçao eGaming. Licenses issued by these bodies ensure the operates securely and puts players first. If the site doesn’t meet this standard, the licensing body can withdraw its certification.
So, how can you tell that a crypto has a valid license? All you’ve got to do is scroll to the bottom part of the homepage. Here, you’ll come across the licensing body that certified the site and a license number. If the site doesn’t have a license, avoid it with a ten-foot pole.
DID YOU KNOW: According to a report, the online gambling market is expected to reach $153.57 billion in the year 2030. With the potential in this industry, it isn’t surprising many shady crypto casinos are popping up. However, by being on the lookout for valid licenses, you can avoid these scam platforms.
Metric 2: Provably Fair Games
The technology called Provably Fair might sound like another fancy concept. But it isn’t. It goes around a simple idea where players can check game results to see if they were rigged or not.
Here’s a rundown of how it works. When you play a Provably Fair game, all results linked to it appear on the blockchain. For context, the blockchain is a vast public record that no one can edit. As such, the casino can’t go back to say something like: “Hey man, we noticed that you won that session. But in reality, you lost.”
Fair crypto always have a section of games that are Provably Fair. We recommend playing at these spots. As such, you’ll be able to take a peek at game results and call them out if you see something shady.
Metric 3: Swift Withdrawals
One of the biggest reasons people move to crypto is because payouts are swift. At the top sites, you can make a withdrawal request via Bitcoin and get funds in your digital wallet in 15 minutes or less.
That’s faster than pizza deliveries in most places in the United States.
If a site holds on to your money for certain hours or days, chances are there’s something wrong. Thus, it’ll be best to play at a that’s known for being consistent with swift payouts. By doing this, you can get your funds without your mind wandering to the “what ifs?”
Metric 4: Safety Protocols
The best sites usually have security add-ons that safeguard your account and money 24/7.
The crypto you select must have two-factor authentication (AKA 2FA). When you activate this feature, you’ll need to enter a special code to log into your account and confirm payments. So, even if someone steals your password, it’ll be useless without your unique code.
Besides 2FA, make sure the casino has SSL encryption. This encryption technology scrambles your personal and financial data so hackers can’t interpret them.
IMPORTANT NOTE: When setting up your 2FA, don’t use codes that are easy to crack. This includes your birthday or generic numbers (i.e, “12345”). By choosing numbers that are hard to guess, the chances of someone having access to your account is next to impossible.
Metric 5: Player Reviews
Other players are your buddies when it comes to choosing a crypto. You see, they’ve already created accounts and seen how the site works in real-time. As such, listening to what they’ve got to say is important.
To get their opinions, head to review sites such as Trustpilot. Make sure that you look for patterns. If five people say that it takes forever to release winnings, the reality is that payouts are super slow.
Agreed, no crypto is perfect. However, it’ll be best if the site you want to play at has positive reviews for the most part. That way, you can rest assured of a great gambling experience. And while there might be drawbacks, they won’t impact your wagering adventure that much.
Metric 6: Bonus Terms and Conditions
The crypto casino space is crowded. So, it isn’t any surprise that sites in this sector have bonuses that are out of this world. On most, you’ll find welcome offers, reload deals, cashback, and VIP programs with some mind-blowing rewards.
Yes, these bonuses might look like the best thing you’ve seen after sliced bread. However, their secrets are hidden in the fine print.
On deals you think are great on the surface, you might find some strange T&Cs. This could include meeting a 70x playthrough before withdrawing the promotion. So, if you collect a $100 bonus, you’d need to place $7,000 in bets before you can convert the bonus to cash and withdraw it. This ain’t a bonus, it’s a trap.
They must also be written in easy-to-understand language. If you read bonus terms and conditions and feel more confused, avoid that site and its promos.
Metric 7: Responsible Gaming Tools
But some players see it as a means to get thousands of dollars in one spin. This mindset can lead them into problem, a scenario where they place bets without thinking of the consequences.
Don’t think that you’ve got a strong heart and can’t fall victim. Problem gambling happens to even the best of players. As such, make sure the site you play at has responsible gaming tools. This set should include deposit limits, loss limits, reality checks, and time-outs. The platform should also have the self-exclusion feature available; this add-on lets you lock your account for a long period.
With responsible gaming tools in place, you can set a budget and stick to it without feeling the need to chase your losses.
