For people interested in Bitcoin and other cryptos, the advent of an era of crypto-based casino gaming has been an exciting one, as it represents one of the first real-world industries to embrace digital assets in a meaningful way. However, as is so often the case in the crypto world, this development has not been without its questions.
As we all know, the legal issues around where crypto is accepted, regulated and exchanged are never far from the surface, and while one person may find it simple to bet with crypto, others may run into issues. We’re a long way from a cashless society right now. That’s why we’re going to take a look at some of the most commonly asked questions about crypto casinos, and give you some essential answers.
Am I anonymous when I play at a Bitcoin casino?
You are, at least to the casino. And to anyone else for most intents and purposes. While we can’t be absolutely certain about what hackers might get up to, your connection to the casino is anonymous, your identity on the website is pseudonymous, and your means of funding is not linked to your name. So you’re certainly a lot more anonymous than the vast majority of people using the internet right now. It is obviously recommended that you use a VPN when using a Bitcoin cash casino, but that’s just sound practice when making financial transactions.
Are crypto casinos legal?
That’s a question that could have a lot of answers. What needs to be said is that different countries have different laws on betting, period. So a crypto currency might not be legal in your country if it has laws against betting. Other countries have laws against anonymously maintaining a betting account, so you may not be legally permitted to play there because crypto transactions are anonymous. In general, though, crypto casinos are legal everywhere crypto and casinos are legal. Which is the vast majority of the world.
Are crypto casinos safe?
The safety of crypto casinos depends entirely on the provider, and this is why it is essential to make sure that you are only using crypto casinos that have secured a licence. Licensed casinos have undergone checking and investigation to ensure that everything is above board. Just as importantly, they are casinos with which you have some recourse if you run into any difficulties down the line. So if a casino doesn’t have one, don’t even begin to consider playing there - it’s a huge red flag.
How do I use a crypto casino?
Different casinos will, of course, have different rules as to how you go about signing up, but in the main, you’ll need to have some cryptocurrency to begin with. We’ll assume you have that! You should store that currency in a crypto wallet, and it should ideally be a cold wallet - ie, one that isn’t linked up online. When it comes to depositing at the casino, follow the instructions they give you and you should see your deposit go from your wallet into your casino account. From there, it is just a matter of enjoying the games in the normal way - pick your favourite slots, roulette or other game and good luck!
Do I need to download anything?
This may be the case at some casinos, but for the most part you simply need to go to the casino site and all of the games, payment portals and everything else you need will be hosted there. You may choose to play on your phone, of course, in which case there may be a need to download the casino app, but this is no problem. Most of the best crypto casinos have apps which allow you to enjoy games in every bit as much detail and comfort as the website-based versions.
Why don’t all casinos accept Bitcoin and other cryptos?
For exactly the same reason that most shops, online and offline, don’t accept them. There is a lot of preparation that needs to go into accepting and transacting Bitcoin on that kind of scale, and there are also legal requirements that merchants need to consider. While it is perfectly legal for you to use Bitcoin, a merchant that isn’t solely dedicated to using it will often find the legal hoops they need to jump through to be excessive, and will just not bother. That’s why we have dedicated Bitcoin and crypto casinos.