Are Bitcoin casinos a scam?

Boasting advanced security, intuitive approach to banking and overall variety of ground-breaking games, Bitcoin casinos are exemplary iGaming operators.

That’s why at CryptoGamblingNews we rolled up our sleeves and decided to give this perennial debate a final solution.

Sure, some Bitcoin casino can be a scam, but there are plenty of reputable operators you can visit.

We look at those established leaders who hold their reputation and integrity high, providing players with the best experience

There are many ways to tell if a Bitcoin casino is a scam, but we will make sure to first give you a few great examples and then help you spot a bad apple in the basket.

How to Spot a Winner: No Bitcoin Casino Scam Here

The first thing to know is that there are brands you can trust.

They have built their reputation within the industry and rely on their good name.

Bitcoin casino scams aren’t too common these days.

While the ones that are are quickly called out publicly.

Above all else, an established operator has its good name vetted by the community.

We have listed several Bitcoin casinos that have proven their commitment to player safety.

These include: Bitcasino, 1xBit, FortuneJack, Cloudbet and True Flip.

Now, you may wonder – what makes these particular brands trustworthy.

Over time, they have repeatedly delivered on promises they have made.

Operators have started early, providing players with consistent, provably fair and transparent gaming opportunities.

Most casinos even hold a licence, or at least have been around long enough to build up a reputation.

Of course, at CryptoGamblingNews we look deep into the legitimacy of all operators.

Casinos that are trusted will definitely have all the trappings of a great Bitcoin gaming venue.

That means dedicated BTC games, as well as games which can be played via conversion.

Another matter is the quick and safe transaction of funds.

It’s a myth that a Bitcoin casino guarantees you complete anonymity.

Your data is safe, but you will need to disclose some information, because the best Bitcoin casino sites comply with AML and KYC practices.

Safety is important to Bitcoin casinos, and you will have to get used to a few practices that ultimately make your experience much better.

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How to recognise a scam Bitcoin casino

There are so many different casinos that promise you sure-fire prize pools.

So, you should research and remain wary of such marketing ploys.

Bitcoin casinos are not a scam, but those who lack transparency, would not hesitate to advertise in a misleading manner.

Therefore, you need to make sure that you have checked several things beforehand.

Or, failing that, you can just go with CryptoGamblingNews’ list of trusted BTC casinos.

Make sure to always put a casino to a conscientious test.

What we like to do in our own reviews is to always find out more about the owner of a casino.

It may seem a little counter-intuitive to a regular player, but it makes a lot of sense.

An owner, whether it’s a start-up or a company with experience, will always leave some trace online.

That’s precisely what we go after.

If the owner is shady, unnamed or simply known for misusing funds, you are better off staying away from the casino.

Another point of interest is the structure of the website.

Is the website running on dated software or is it built on HTML5 for instant play and convenience?

BTC casinos set high standards, so outdated technology could be a giveaway.

Banking will always be quick, thanks to Bitcoin, but you should make sure to double-check what this entails.

Are there hidden charges? There should not be any.

Why the big bonuses if not a scam?

Some players ask– how come a Bitcoin casino can offer such big bonuses.

And it’s a fair question.

1xBit Casino offers a fantastic 7 BTC bonus that can be converted into other cryptocurrencies.

How is it possible for a casino to be able to contribute so much to your starter pack?

It’s not too difficult to guess at all. As it turns out, casinos do love risk-taking.

Statistically, most players are likely to lose more than they win.

This could make the entire institution of bonuses a little unnecessary.

That’s not exactly true.

A bonus is a good way to get a leg-up regardless of the type of gameplay you are willing to invest in.

While statistically you are very likely to burn through your BTC deposit, there is also the possibility to win back.

Besides, the best Bitcoin casinos will always let you control your bankroll.

In other words, you don’t have to claim the full 7 BTC bonus amount.

You may only activate a welcome bonus for the free spins that often go hand-in-hand with the bonus experience.

In any event, Bitcoin bonuses are definitely not a scam.

It has to do with the overall reputation of the casino you are playing at as well as the terms and conditions.

Most terms and conditions are a great blueprint to what you can expect.

There are industry standards, and you can usually sniff out a scam.

How to be certain you can trust a Bitcoin casino

We have spoken about the tell-tale facts that give away a Bitcoin casino as a scam.

Players have different expectations.

Yet, they all agree that the safety and security of a casino is often leading.

To make 100% sure, we recommend turning to a professional reviewing service.

Why CryptoGamblingNews?

It’s quite simple – we have access and see a lot of the behind-the-scenes work that goes into each casino.

Our service remains objective as we pretty much use the same factors you would.

Speaking of, let’s see how you yourself can check if a casino is a great pick.

Safety comes to mind.

Bitcoin is in itself safe, and that is true.

However, there are quite a few things to consider as well.

A casino must provide you with all the safety protocols, including an encrypted connection and preferably a licence.

Of the two, 256-bit SSL encryption remains the more important and it will definitely be worthwhile.

Yet, you will want to at least check the owner, as mentioned before.

In other words, you may to look into is the availability of products.

One thing that eludes players is that a Bitcoin casino should offer unique, blockchain gaming focused titles, the same way FunFair Technologies does for its own FUN ecosystem.

Of course, a Bitcoin casino that is a scam can also put up a good display.

Final Word: Bitcoin Casino scams do exist – but they are easy to avoid

It would be sugar-coating the truth to say that Bitcoin casino scams didn’t exist.

But you have all the necessary tools to make sure that you can spot them

In the meantime, there are plenty of opportunities for you to enjoy betting with bitcoin.

CryptoGamblingNews has reviewed some of the best-known names in the industry, allowing you to always stay on top yourself.

The criteria we have used in our reviews will be helpful to you as well if you choose to do an individual research.

We always look at a casino objectively so that we can help you make your own decisions.

Remain cautious but enjoy the experience of betting at Bitcoin casinos.

You can enjoy safe, and enjoyable gameplay at Bitcasino, 1xBit or FortuneJack.

Written by David

David is editor-in-chief at CryptoGamblingNews.com, and has worked in the crypto gambling space since 2015.