Let’s face it. Crypto gambling is a bit of a gamble. That’s why we love it so much! As long as you know how to play and where not to play, it won’t cost you an arm and a leg. Hackers, phishing scams, fake websites, hidden transactions…such dangers lurk around every corner when it comes to crypto gambling. To protect yourself, follow these steps or risk losing your coins:
Always Use A VPN When Gambling Online
A virtual private network helps you stay anonymous online; so why not use it when gambling? This way, you can bet anonymously and avoid being (or being seen to be) connected to a certain website. If you select a VPN that allows cryptocurrency usage, you can even deposit and withdraw your coins through it, too.
Don’t Deposit More Than You Can Afford To Lose
Gambling is all about risk-taking, but that doesn’t mean you should risk everything. Only gamble what you can afford to lose, and keep your winnings. Remember, if you win, it’s important to withdraw your winnings as soon as you can.
Otherwise, you run the risk of having your account shut down due to unverified deposits. If you’re crypto gambling, you could also risk having your funds frozen.
Never Use The Same Wallet Or Address Twice
If you use the same wallet address or deposit address twice, you’ll give away your identity and put yourself at risk of being hacked or scammed.
If you’re playing on a legitimate website, they’ll be able to see the same address more than once, which will make it easy to track you down. No legitimate crypto gaming site would use this information against you, but it’s better to be safe than sorry.
Check For Transparent Gaming Practices
Crypto gambling sites are popping up all the time, but not all of them are legitimate. Some use shady practices like stealing your wallet information and coins or even tricking you into giving up your wallet passcode.
Use A Cryptocurrency Anonymization Service
The best way to keep your cryptocurrency gambling safe is to use an anonymization service. These services allow you to send and receive coins on a temporary wallet address. This way, your real identity, and address are kept hidden from the company you’re playing with.
As you can tell, cryptocurrency gambling comes with risks, but it also comes with rewards. Whether you’re a seasoned gambler or new to the game, there are plenty of casinos and game rooms taking crypto right now. So, why not practice your skills and try your hand at a few rounds of slots, blackjack, or poker?
With the right precautions, you can keep your cryptocurrency gambling safe and have a lot of fun along the way!