Crypto Betting

How Well Are Anonymous Crypto Casinos Doing?

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11/30/20 3:17 PM 2020-12-01 10:39:54
Over the past few years, there has been a huge upturn in the number of people using so-called ‘Anonymous Casinos’. They are labelled as such as the primary currency exchanged on the site is crypto – w

Over the past few years, there has been a huge upturn in the number of people using so-called ‘Anonymous Casinos’. They are labelled as such as the primary currency exchanged on the site is crypto – which gives players a new veil of anonymity compared to more traditional casinos. But questions remain over how viable such casinos are, and whether or not customers get true value when using them. Hopefully, this article can help shed some light on the little-known topic of anonymous crypto casinos. 

Are Crypto Casinos Anonymous? 

In theory, the answer is an empathic yes. However, there are always exceptions to the rule, and some mitigating circumstances. What cryptocurrencies like Bitcoin allow you to do is gamble without having to disclose too much personal information about yourself. More traditional online casinos will often ask for bank account details, residential details, or proof of ID. Using a cryptocurrency eliminates the need for a punter to provide such information to a casino – hence why they have proven to be very popular. 

While you can never truly be anonymous when playing online, crypto casinos will take you pretty close. The casinos themselves function similarly to most others, with payment methods being the true distinguishing factor. The principles of depositing funds, staking with said funds, and cashing out your winnings pretty much stay the same. But with crypto casinos, you get to protect your identity from peeping onlookers. 

Other Differences Between Regular and Anonymous Casinos 

While there is one obvious upside to using a crypto-based casino, it should be tempered by the fact that some limitations elsewhere do exist. For example, it is much harder – at the moment – for a casino of this nature to attain a legitimate gambling license. This is beginning to change, but given that anonymous casinos allow players to gamble without proving their age or identity, many commissions and nations are reluctant to hand licenses. 

To avoid such issues, players should opt for casinos that monitor reputable regulation bodies, such as those based in Malta. Should any issues arise over withdrawal requests or terms and conditions, such bodies normally swoop in the resolve the problem in some way. However, with the vast majority of crypto casino sites, punters are on their own. 

Safety in Anonymous Casinos

The best way to quickly ascertain whether a site is safe or trustworthy is to simply read customer reviews from various places on the web. Some grifters may get away with shady business practice for a little while, but word will eventually spread, and the community will eventually prevail. 

So, to be safe, always search up reviews for any site that you are interested in using – especially if they are anonymous. Many Bitcoin casinos harbour safe and fair environments for players, so in the absence of regulators, you very much have to do your own research to separate the wheat from the chaff.

Game Selection 

For some anonymous casinos, it can be tricky to deliver an impressive game selection. The simple fact that these casinos are run anonymously makes it difficult to include games from official leading software providers. And yet, several creatively inclined sites have found a way around this issue. You can still find brilliant slots, blackjack, roulette, and other popular games on anonymous casino sites.

Additional Advantages

The lack of regulation is somewhat of a double-edged sword when it comes to crypto betting. While it does increase the risk, it also allows people to gamble from regions and states where such activities are prohibited. If traditional avenues are blocked, then the possibility to visit a crypto casino remains the best option. Currencies like Bitcoin are borderless, and hence, transcend arbitrary geographical limitations. Check out Ripple Casinos if anonymity is what you seek. 

Which Cryptos Should You Use?

There are several viable options when it comes to cryptos. The most common and widely accepted is one we have already mentioned – Bitcoin. As the oldest and most established, it has brand familiarly, and a level of trustworthiness that other coins would kill for. However, alternatives such as Monero and ZCash are also accepted across the board. Monero is the most used crypto when it comes to anonymous transactions and has a solid reputation in the online casino world. It is based on the CryptoNote protocol, which has the algorithm of ring signatures behind it. 

The second most popular coin in this regard is ZCash, which is beginning to take off. Based on the cryptographic protocol of evidence with zero disclosure, which allows you to save transactions in the blockchain, without disclosing its participants and the amount. ZCash is accepted by many leading casinos sites, while it also allows you to make transactions permanent. 

In Summary

Overall, it has to be said that anonymous crypto casinos have advantages and disadvantages. In reality, it just comes down to what individual players value most when they are looking for a new casino site to use. If privacy is what you’re after, then crypto casinos are the clear top choice. For this, you may have to sacrifice in a few areas where other types of casinos might excel – but that will be the case with whichever you choose. 

Anonymity is a tricky thing to quantify, as to some players, it will be nothing but an afterthought. For others though, it’s just about the most important consideration of all. It seems clear that cryptos are on the ascendency, as the ability to use digital currency, and avoid having your movement traced seems to be a popular selling point amongst younger players. But, as ever, know what you’re getting yourself into. Do your research, don’t be blind or naïve to obvious red flags, and always make sure to listen to the advice of peers. 

Cryptocurrencies have come an awful long way over the past decade, and are now being taken far more seriously by the media and society as a whole. Even if anonymous gaming doesn’t become as successful as many are expecting it to, the crypto revolution seems unstoppable at this point. 

Andrew Zapotochnyi
Andrew Zapotochnyi
COO at BlockGeeks

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