Alma Bax 
The gaming sector in the UK has undergone numerous changes. However, the navel coronavirus that attacked the world as a whole, creating a pandemic, was a great catalyst to the popularity of online casino sites. This is because governments introduced lockdowns and limited social gatherings. Since people still wanted to satisfy their gambling and gaming desires, online gaming came in handy, offering a lot of conveniences compared to land-based casinos.
Cryptocurrency has also risen in popularity over the years, with many sectors of the economy accepting it as a mode of payment. One such sector is the online gaming space which has gone ahead to develop crypto slots sites. Our expert author Fabio Duarte takes us through an in-depth analysis of crypto slot sites to ascertain whether they are legitimate.
Understanding Crypto Casinos?
To easily understand a crypto slot casino, we will first look at the meaning of an online casino. This is an online platform that allows players to enjoy gambling on their favourite games by depositing and withdrawing winnings from their accounts. A crypto casino is in all ways similar to a typical online casino. The unique difference is that all its deposits and withdrawals can be handled through cryptocurrencies.
The use of cryptocurrency has numerous advantages over the conventional mode of payments like debit and credit cards. These include:
- Fast deposits and withdrawals
- Low transactional fees
- Lack of geographical limits
- Safety and anonymity in transactions
- Numerous bonuses
Types of Crypto Casinos
There are three types of crypto slot sites online that are majorly the same but only differ in depositing and withdrawing the cryptocurrencies.
Mixed Crypto Casinos
Just as the name states, there are mixed ways of depositing and withdrawing in this form of crypto casinos. Here you are allowed to deposit and withdraw using other conventional transactional forms, but much emphasis is given to the use of cryptocurrency. Most sites in the UK that offer real money slots employ a mix of different payment processors.
Typical Crypto Casinos
These are the majority, and they only accept one form of transaction, either depositing or withdrawing by using cryptocurrency.
Special Crypto Casinos
This is the most exciting form of crypto casino in the world. Here you can only deposit money into your gambling account using a hardware wallet like a ledger with withdrawals also going through the same wallet used for depositing. These unique forms of crypto casinos are mainly used by the high rollers and professionals who seek the top condition of anonymity anytime they are gambling.
The Legitimacy of Crypto Casinos
The legitimacy question of crypto casinos has been frequently asked in many avenues. The truth is, just like online casinos, we have legit slot sites and illegitimate ones here in the UK and the world at large. This is why it is crucial to understand what to look for to spot a scam crypto casino. Some of the red flags that you need to keep a red flag on when selecting a crypto casino include:
- Numerous bonuses- While crypto casinos offer bonuses as incentives to both their new and existing players, you must avoid online gaming platforms with many bonuses. They may lure you into joining the sites and stealing your money in the long run.
- Suspicious links from unknown sources- online scammers have perfected the art of phishing, where you receive links similar to those of legitimate crypto sites. Remember, you should never open a suspicious link, as this is a sure way of getting scammed.
- Lots of negative feedbacks- the online space is full of feedbacks from previous users of online casinos. Always check out for crypto casinos with many negative feedbacks, as this may be a sure way of getting scammed in the long run.
- Lack of any feedback of the crypto casino- while it may be easy to identify negative feedbacks from the numerous online casino feedback sites of top slot providers, one red flag that you should look out for is the lack of any feedback whatsoever. If this is the case, the crypto site is most of the time not known or doesn’t exist totally. It would be best if you never played on an online casino site like this, as the chances of being scammed are significantly high.
Thanks to the ongoing popularity of crypto sites, numerous illegitimate online gaming sites now accept crypto but only intend to scam you. We urge you to always look out for the red flags we have aforementioned to ensure you are playing in a safe online gambling crypto site here in the UK.
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