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02/08/2023

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3 things to get straight before joining a crypto casino

Crypto betting has become majorly popular in recent years for a number of reasons.

3 things to get straight before joining a crypto casino

Crypto betting has become majorly popular in recent years for a number of reasons. For one thing, it has allowed people to access sportsbook and casino betting in countries and jurisdictions where betting is generally not permitted by the legal system. For another, the world of fiat betting can be more restrictive than a lot of people realize. From limits on deposits to lower bonus offers, it’s no huge surprise that savvy bettors have been looking elsewhere for a chance to make the most of their betting efforts.

That being said, when you look further afield to crypto betting, you need to make sure that you aren’t simply swapping one set of issues for another. It would be crushingly naive to imagine that just because a casino was crypto-friendly, that would make it a better choice than one which wasn’t. There are better and worse versions of everything, and when you choose to bet with crypto, you need to make sure you are picking crypto casinos that are at the more beneficial end of the scale. Here are three key questions you need to get answered before you sign up with a crypto casino.

Does it accept a range of coins?

There are too many sites which sell themselves as crypto casinos when in reality they are sites that accept Bitcoin as a deposit and withdrawal method. Technically, yes, that is a crypto casino - but if you don’t use Bitcoin, it’s not much use to you. If you diversify your crypto assets, it’s not a casino that has much for you. Fewer crypto casinos than you would think accept altcoins such as Cardano. Dedicated, diverse crypto casinos, including Cloudbet, will accept more than just one (or two, or three) coins, because the crypto world doesn’t begin and end with just a few coins.

Does it have a licence?

The crypto world is loved by its inhabitants because it is free and unregulated. That doesn’t mean it needs to be a wild west populated by quick-buck merchants. If you run across an unlicensed betting site, then they are generally bad news. Too many of these sites take your money, fail to provide a service, and then disappear along with your Cardano. Ensure that any crypto casino you get involved with has a licence; this will usually be issued by the Curacao authorities, which are the primary licensing body for crypto casinos. If a casino has a licence, it means they’ve gone to the effort of proving their trustworthiness.

Does it have reliable customer service?

Many people beginning to bet with crypto are relative beginners in either crypto, betting, or both. It is inevitable that there will be a learning curve involved with this. In order to ensure that this learning curve is not too steep, it is essential to have a customer support department that is ready for any question the customer may have. You don’t want to learn, far too late in the day, that you are working with a crypto casino that has skimped on customer support. At that point, it’s too late to try and get your money back.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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