For many years, online gambling was only available to people residing in specific countries, due to the numerous regulations surrounding the online gambling market. However, with time, the market for bitcoin casinos has actively grown, and this has slowly allowed more and more people to get access to gambling entertainment.
As internet freedom is a right that everyone should have, playing through an anonymous bitcoin-based casino allows people throughout the world to engaging in Bitcoin betting activities without facing any risks. Currently, there are over 100 bitcoin casinos available, and while some of them may only accept the coin as a method of payment, others are built to be based solely on digital currencies. Out of these casinos, many of them also offer users the ability to enjoy the games anonymously, without needing to register for an account or offer any personal information.
Due to the nature of bitcoin, when making a transaction, no details about the originating or delivery party are shared on the blockchain. The only details which are made available are the transaction timestamp, addresses responsible and the amount transacted. This makes it extremely difficult and inefficient for governments to track those using the digital currency for online gambling.
Therefore, when enjoying bitcoin casinos in this manner, there are several aspects that should be kept in mind to stay safe:
- Check whether the casino is provably fair
In case you live in a country where gambling is illegal, then chances are that if a casino cheats you and gets your money, you won’t be able to submit a report or sue the casino in question. Therefore, only play on reputed casinos which also offer provably fair protocols in case you are in this situation.
- Read casino reviews
Reading casino reviews prior to gambling is essential for two reasons: firstly, you’ll be able to make a more informed choice and learn about all casinos available on the market; secondly, your chances of ending up playing at a casino which cheats players are much lower.
- Avoid gambling more than you can afford to lose
Keep this as a rule of thumb. With the volatile nature of digital currencies, you can always get some extra money if you wait some more time. Therefore, make sure not to gamble with more than you can afford to lose.
Based on everything that has been outlined so far, online anonymous bitcoin casinos offer a smart solution for those who wish to enjoy online gambling in countries where it generally is illegal. However, make sure to carry out your own research, as it always is the player’s responsibility to check local laws.