Crypto is the new standard when it comes to gambling, and with good reason. Instead of focusing on just a handful of well-known online casinos, players these days have a much wider range of options available. In this blog post, you’ll learn how to choose a crypto gambling site that’s right for you, how to stay within your limits while playing, and how not to get scammed. Let’s take a look at some of the top crypto gambling tips that will make sure you have a great experience!
Look Into Site Rules and Exceptions
You’re not just putting money on the line when you decide to gamble with cryptocurrencies. You could lose everything if you’re not careful. When you join a cryptocurrency gambling site you’re trusting this site’s operators to follow the rules. Some sites also have exceptions for players who are involved in certain types of transactions, e.g. taxes or government-related funding. In these cases, you’re allowed to hold more money but must report it to the site administrators within 24 hours. A quick refresher on how to properly report money laundering and terrorist financing should also be done before logging in.
Play With Limits
Beyond the basic rules of crypto gambling, most sites offer plenty of opportunities for players to set their own limits. Some sites even have ‘bots’ that automatically set your limits for you. Beyond the basic minimum, most casinos also offer some level of flexibility with your winnings. For example, many offer a ‘combo’ option where you can make your first deposit and get a second bonus token in addition to your winnings. Or, some casinos will pay out another token to your account if you finish second in a game.
Find a Cryptocurrency Gambling Option with Low Fees
Beyond setting your own limits and enjoying some flexibility with your winnings, another important factor to consider is the fees charged by the site. Some of the most popular fees today are a percentage of your total earnings, an hourly rate, and a minimum deposit. Ideally, you’d like to find a site with a low percentage fee but still offers a great experience.
Stay In Control of Your Money
The majority of cryptocurrency transactions are now taking place without involving a bank or other financial institution. As such, the process of moving money between accounts is often referred to as ‘funding’ a ‘Gaming Account’ or ‘Funding a Website’. When you fund a game or website with cryptocurrencies, the funds are kept in an ‘Existing Account’. When you win, the site wins too – and you lose.
Shop around when it comes to shopping for a cryptogambling site. Be sure to consider the types of games offered, the fees, and the flexibility of your winnings. Find a site with low fees that offers a great experience. Don’t use a scam site and don’t be afraid to ask for help if you’re having issues.