What makes you trust bitcoin related services?

[Pearls Before Swine]

If you're talking about crypto casinos, the only ones I would trust are those that already have a good reputation, which means that other people have used them without any issues.  In other words, other people are the guinea pigs to establish a good reputation.  That's unfortunate, but it's reality.  If it was a brand new casino that hadn't been reviewed by players and hadn't had a good or bad word said about them yet, I wouldn't bother trying it.

The most basic rule in crypto is 'don't trust anyone' and those are the best words of advice anyone could give you.  There are no protections with bitcoin (or any cryptocurrency), and once you send your coins that's the end of it.  You can't get them back.  The only reason I trust certain exchanges is because other people have used them first.  That's probably the case with a lot of things in cryptocurrency.  Unless there's a good reason for you to trust someone or something, you really shouldn't.

[Lmaooo]

Reputation is the key! You cannot just go ahead to buy something with bitcoin from someone or company you don't know or trust. If you do that you'll easily get scammed. The first rule of dealing with bitcoin is must know the person or company you are dealing with by knowing their reputations.

[error08]

But what if it's a totally new service, what would pull you over the line of trusting them/joining their site?

Most of the services here start from 0 reputations and even unknown person, it will be different if a company or big community offer their services.
How do they get the trust from customers or clients to work with?
- prove themselves trustworthy, there are several ways, but the easiest one is escrow, put their money in front.
- as time goes on, customer reviews will build their reputation, it's not in one night though.

[squatter]

But what if it's a totally new service, what would pull you over the line of trusting them/joining their site?

Nothing. I wouldn't go anywhere near it no matter what unless it involved amounts and information I didn't care about going up in smoke.

That's the right attitude. There's no need to be the guinea pig when new services launch. Let other more reckless people do that. I've seen too many incompetent operations and outright scams in this space to take unnecessary risks like that.

[Asmonist]

It depends on my need of it. These sites will always offer services we mights need like our daily commodities and fund transfer. In cases of casinos and gambling sites we must make sureof the after service duties we can acquire like customer related issues. Even for other services especially money transfer that needs customer assistance in cases of system downtime and failed transactions. Its always been a risk-taking activity to engage in these bitcoin related services. If we need it then we should trust it.

[ethereumhunter]

I trust some websites/companies because many people recommend using that site. They already get a pleasant experience with the site, and they don't have a problem with using their services. That will happen too if I want to choose bitcoin casino. As long as I can select the recommended bitcoin casino, there will be no problem for me, although that cannot 100% guarantee. Provably fair is almost every gambling site has, and we should not worry about that.

Besides recommending by other people, I also search by myself, so I can have another site to used besides that site. So when you want to use a service from a website, make sure you search the review from other people, read what they're suggestions, and, if necessary, you can try by using little money first to test the service.

[seoincorporation]

Let's say a bitcoin casino, what makes you deposit bitcoin?

If you see the casino has been working for a long time, then you can trust them, and if you didn't trust in the service you can always send small amounts to test the site.

Is it the provably fair? Does it mean you trust a site when the game is fair?

A good provably fair is basic to get the trust from users, sites who don't have a good provably fair engine could be easily rigged.

[Kyraishi]

However, I don't trust any service. Even the most reputable services get hacked, or might lock your account and freeze funds under the guise of AML/KYC concerns. That doesn't mean I never use centralized services, but suffice to say: You should minimize the amount of money you put at risk and the amount of time it stays deposited, no matter what.

I think this is the right mindset to have when it comes to anything on the internet, money, privacy, etc.

Whenever I personally do anything on the internet, I employ a policy of "What's the worst that could happen". Trading my BTC to ETH on Binance? What if my account gets restricted?

With this mindset, I've been able to use a lot of safer options, and am personally a huge fan of DEX's.

[crossabdd]

first is having a large level of users, second is a high level of security, third is a fast transaction process, fourth is having responsive support services. Fifth is very easy to make withdrawals. sixth if the exchange is no dominant bot for trading, all are real trade users. seventh many altcoin variants for trading. that's the reason I trust to deposit a Bitcoin.

[marcbitcoins]

I trust them because they have permit to operate like they are fully registered in the government business related agency that if their names are not in the list then of course you should doubt it and consult the government for verification. Their reputation is also a great help too specially if the website or exchanges are famous and still at service for a very long time.

[Memminger]

Hi,

I have some questions where I have been thinking about the past week.
Why do you trust some website/company with your bitcoins?

Let's say a bitcoin casino, what makes you deposit bitcoin?
Is it the provably fair? Does it mean you trust a site when the game is fair?
Is it the looks of the site? The amount of users there are? If there is an open chat where you can see active users?

Or something else that doesn't have a game that's fair, for example a bitcoin exchange, how do you trust them?

Overall: What makes you trust bitcoin related services?

What made you trust fiat related services? Is it because of the fiat itself or the good reputation of the service provider? You know sometimes we ought to miss the point that BTC is fundamentally a currency like fiat but the difference is that it has no physical form but the function is quiet the same. You can spend it in both legal and illegal uses but the law still prevails over money (as we should hope so).

[blckhawk]

Reputation is one factor before I trust an organization or a company my funds in cryptocurrency. When a new one is established, I will not get into it immediately and give them time to prove themselves in the market and when I see their company's practices are good, I'll give it a try. Reviews online and feedbacks are not hard to find so a little reading might help. The community is a good source of real feedback and you might also join forums and group discussions regarding the company's practices.

[Shasha80]

Hi,

I have some questions where I have been thinking about the past week.
Why do you trust some website/company with your bitcoins?

Or something else that doesn't have a game that's fair, for example a bitcoin exchange, how do you trust them?

I believe in exchanges by making a deposit to those exchanges. Because of several factors including because these exchanges
have many users, usually if exchanges have many users the most likely exchanges These are reliable. Following after comparing
with some other exchanges, it will be seen where the exchanges are which has real volume with fake volume. And the last one
got input from several people in the community crypto like in this forum for example. With these reasons, I dare to make a decision
on which website / company trustworthy. And usually I also gradually deposit it so as to better ensure its safety.

[acroman08]

Hi,

I have some questions where I have been thinking about the past week.
Why do you trust some website/company with your bitcoins?

Let's say a bitcoin casino, what makes you deposit bitcoin?
Is it the provably fair? Does it mean you trust a site when the game is fair?
Is it the looks of the site? The amount of users there are? If there is an open chat where you can see active users?

Or something else that doesn't have a game that's fair, for example a bitcoin exchange, how do you trust them?

Overall: What makes you trust bitcoin related services?

I don't, I may be using their services but I don't trust them in the slightest since they could pull an exit scam any time they want.
I may sound paranoid but it's just the way it is. Scams are around us and even trusted services are doing an exit scam. you can search
google for reference, just type "exit scam bitcoin".

[drachman]

Hi,

I have some questions where I have been thinking about the past week.
Why do you trust some website/company with your bitcoins?

Let's say a bitcoin casino, what makes you deposit bitcoin?
Is it the provably fair? Does it mean you trust a site when the game is fair?
Is it the looks of the site? The amount of users there are? If there is an open chat where you can see active users?

Or something else that doesn't have a game that's fair, for example a bitcoin exchange, how do you trust them?

Overall: What makes you trust bitcoin related services?

The reputation of the service is everything, if I see credible evidence that the service has scammed their customers in the past then I will not use them no matter what they say, now it is important to tell the difference between angry customers that will always be there if the service is popular and legitimate concerns about the honesty of owners of the service, after their reputation is out of the way I select based on other criteria like the user interface and their customer service.

[Eugenar]

Hi,

I have some questions where I have been thinking about the past week.
Why do you trust some website/company with your bitcoins?

Let's say a bitcoin casino, what makes you deposit bitcoin?
Is it the provably fair? Does it mean you trust a site when the game is fair?
Is it the looks of the site? The amount of users there are? If there is an open chat where you can see active users?

Or something else that doesn't have a game that's fair, for example a bitcoin exchange, how do you trust them?

Overall: What makes you trust bitcoin related services?

Actually, the platforms market to really help in attracting players to trust their service. Though, sometimes there are advertisements that are irritating if it appears to much in the screen. But, if the person that is putting their signature is really a reputable member of this forum, it has a very great impact on the users to try and put some assets to the platform. In this regard, we can consider that advertisements advertised by reputable member makes us trust bitcoin related services.

So, we should always consider that we have an impact to the platform and users, meaning to say that we should be responsible enough in choosing what platform or project to advertise.

[Pamadar]

Reputation is the key! You cannot just go ahead to buy something with bitcoin from someone or company you don't know or trust. If you do that you'll easily get scammed. The first rule of dealing with bitcoin is must know the person or company you are dealing with by knowing their reputations.

It's best to base your trust with companies reputations, just needed to research much deeper and not to relied with some review based websites which can also be a paid shills for the benefits of the company. Having enough time to do your own ways of researching and make sure you are always aiming for good basis in order to avoid or lessen the chances of getting scammed. it's hard to earned trust that's for sure, so find the place who already have it and experienced things for your own opinion.

[Ridwan Fauzi]

Basically, on bitcoin environment/crypto as a whole is based on reliance (that is the banchmark IMHO). Because I'll bet if there is no someone who trust bitcoin, I mean there were not willing to trust their assets/money to other people or even to the system itself then we won't ever see bitcoin is still axist until now and even will not have popularity as of now.

Although there is a service which can make you manage your bitcoin by yourself such as through hardware wallet and etc but eventually you need an exchange when you intend to change into money fiat.

Probably, you will have your own perspective against it and thinking that bitcoin is not centralized. So, like what other people says, before you spend your money you need to know first the service itself (be it gambling paltform or even an exchange) you can do an analyst or just see the review of the service, there will be much moreover if you ask to this forum then it is enough to be a source.

 

[Edraket31]

Reputation is the key! You cannot just go ahead to buy something with bitcoin from someone or company you don't know or trust. If you do that you'll easily get scammed. The first rule of dealing with bitcoin is must know the person or company you are dealing with by knowing their reputations.

It's best to base your trust with companies reputations, just needed to research much deeper and not to relied with some review based websites which can also be a paid shills for the benefits of the company. Having enough time to do your own ways of researching and make sure you are always aiming for good basis in order to avoid or lessen the chances of getting scammed. it's hard to earned trust that's for sure, so find the place who already have it and experienced things for your own opinion.

Earning trust should not be instant, not because you have seen the team are active and conducting AMA, promising anything, don't fall into this trap, they are just getting your attention and trust so you can invest to them. Doing a research is a must, make sure that we can do this part on our own.

I am trusting Bitcoin related service, once it is law regulated here in our country, and good thing, everything here in our country is legal as we are open for this kind of industry and no question at all from our government.

[cutesgirl]

Hi,

I have some questions where I have been thinking about the past week.
Why do you trust some website/company with your bitcoins?

Let's say a bitcoin casino, what makes you deposit bitcoin?
Is it the provably fair? Does it mean you trust a site when the game is fair?
Is it the looks of the site? The amount of users there are? If there is an open chat where you can see active users?

Or something else that doesn't have a game that's fair, for example a bitcoin exchange, how do you trust them?

Overall: What makes you trust bitcoin related services?

I trust with bitcoin price can be higher price, bitcoin always give profit for every investor trust with bitcoin as investment assets. During this year with bitcoin how growing up many companies have adopt and accepted bitcoin as legal currency payment, now many country support using bitcoin and make me very trust with bitcoin as best investment digital assets at the future.