What makes you trust bitcoin related services?

[BitcoinsGreat]

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?

Feedback is the only thing which i look for, when i need to check if i want to use the particular service or not.
You cannot really grantee that provably fair is truly implemented in a gambling site and even if you can confirm it, still there is no way to be ensure that provably fair site will not scam.

Same is the case with exchanges. If you see a lot of volume in exchange and people being positive about it, you can say it to be a trusted site. Low volume new exchanges are risky.

In short, Feedback matters most.

[meanwords]

I don't entirely trust them (Bitcoin exchanges or any Bitcoin related services) it's just that they are convenient to use and also a licensed company. Let's take the third party wallet coins.ph for example. Coins.ph is a wallet that holds your Bitcoin for you, so why would you let them hold your Bitcoin? Because of their services. Coins.ph has a lot of services like paying bills, buying game credits, and a loading station. You could make a business out of this services as Coins.ph gives you rebate for every purchase.

[AGroose]

I can not trust companies in the crypto industry. Now the risks are very high, so I use only very popular and well-known sites. The industry is very young and there are many scammers, so it’s hard to find really good services

[gabbie2010]

My trust on bitcoin related service is based on their reputations and credibility for instance Blockchain.info was favorite online wallet based on their trust and I had never read any scam related issue as far their services is concerned In own opinion I researched to know the number of hodler of bitcoin using that wallet is huge. so also I used the same ideology mentioned above to determine or choose the exchange I am using currently and so far no any issue with them.

[Eclipse26]

In bitcoin it's not only an investment of money. It also includes investment of trust. When we invest our money on a certain site, it means we also invest our trust to that site. And it takes time for sites to gain trust from their customers.
It's a risk but I don't just trust any site easily, I also have to see and check if I can trust that site with my bitcoin. A site should reach my standards before I trust them with my coins. I always have to make research on something before making decisions.

[Meowth05]

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 think it is not totally about the trust, yes it matters but I think we put our Bitcoins in related crypto websites because we risk it for the sake of profit. I deposit money in casino simply to entertain my self and profit as well if got hit by any luck. The only websites I trust to place my funds with are the online wallet that stores Bitcoin and other cryptocurrencies. This industry is full of risk and it is hardly to put our trust the best to do is to take the risk.

[seikhmusab]

It's pretty complicated. You need to look at their track record, maybe who is behind the company, look at reviews on the internet

[electronicash]

I don't entirely trust them (Bitcoin exchanges or any Bitcoin related services) it's just that they are convenient to use and also a licensed company. Let's take the third party wallet coins.ph for example. Coins.ph is a wallet that holds your Bitcoin for you, so why would you let them hold your Bitcoin? Because of their services. Coins.ph has a lot of services like paying bills, buying game credits, and a loading station. You could make a business out of this services as Coins.ph gives you rebate for every purchase.

that wallet though may not really be trust because they don't provide us the privatekeys, i'm a filipino too who has no other option. but i'm definitely limiting the amount sent there. withdrawals are even limited to how much KYC documents have been sent to them. right now i'm still below 400k and i think that is enough of the information for BIR to come knocking my doors when the government starts monitoring us.

there are 3rd party you can trust and there are the ones you have to avoid specially the ones asking KYC documents.

[Astvile]

Overall: What makes you trust bitcoin related services?

I trust some bitcoin-related services/websites online because I do research and background check on the site/company. Having knowledge about the team behind the service/website that I'll be investing in is a must for me before I trust my bitcoin of any amount. That's the only way they can get my trust to invest, for them to prove that they can provide the right service and they are legitimate.

[lionheart78]

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?

It is quite simple, as a Bitcoin enthusiast, any service that caters or accept Bitcoin gives a light mood to us.  It is not actually trusting but rather trying the service if it is reputable and live to what we are expecting.  It needs to be proven before we fully trust that platform or website.  And if by a series of use of their service and they do not fail to deliver then that trust will build up.  In short, the proven service makes me trust Bitcoin related services.

[bitbunnny]

I only trust Bitcoin services online if I can make some checks, if the reviews are good and if that service has some longer existance history. I always check the owners if possible and the website itself. Also, important is customer service and how they respond. However, there is no 100% certainty so scam or kind of misuse is always possible.

[Palider]

I also love to gamble at times when the price of bitcoin is low. And one of the things I look to determine if it's legit is the reviews of people who use it. I'm also trying to test deposit so I know it's trustworthy because gambling websites today are fake and can't really be trusted

[Genemind]

As for me, it's important that we'll know about their trust rate based on their user's reviews and feedback. It's necessary to check their legitimacy and the team behind their site. We have to choose top gambling sites because we'll be risking our funds if we'll join without checking. It's our responsibility to do a series of research first.

[DabsPoorVersion]

Overall: What makes you trust bitcoin related services?

I trust some bitcoin-related services/websites online because I do research and background check on the site/company. Having knowledge about the team behind the service/website that I'll be investing in is a must for me before I trust my bitcoin of any amount. That's the only way they can get my trust to invest, for them to prove that they can provide the right service and they are legitimate.

Having background checks is actually the first step we should always do before taking any actions especially when money is on the line.
Searching for feedback or reviews is one way to prevent being a victim of a scam, if there's a lot of users are trusting a certain bitcoin-related service, I can also put my trust on it.

[lizarder]

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?

casino will always be one of the benchmarks of using bitcoin, the more casinos that use deposits using bitcoin, then bitcoin will always be used. Because the transaction value for the casino is also not small

we can emulate it like dogecoin, we all know until now there is no clarity about this coin, but until now he can still survive with insignificant values, one of them because it is helped by the casino.

the use of deposits and withdrawals for bitcoin in the casino itself is very large, this is very helpful for bitcoin growth

[Baby Dragon]

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.

Indeed, since there are a lot of scam sites these days and if you don't want to have a bad experience then you should know how to find information and details that you needed in order to make right decisions. If you're in doubt then its better to do some research because it can help you to determine if the site is trustworthy or not, also, don't trust easily because you don't know their true intention. You can also try asking people's experiences because it helps me a lot when i'm still new in online gambling, they gave me some advice and tips.

[Zeke_23]

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.

Indeed, since there are a lot of scam sites these days and if you don't want to have a bad experience then you should know how to find information and details that you needed in order to make right decisions. If you're in doubt then its better to do some research because it can help you to determine if the site is trustworthy or not, also, don't trust easily because you don't know their true intention. You can also try asking people's experiences because it helps me a lot when i'm still new in online gambling, they gave me some advice and tips.

Of course, decision making and deep research should be done, bitcoin is being used by scammers, they create different bitcoin-related websites and using its trend to victimize users. We should always remember that not all crypto-related site is legit, do not make a rush decision when it comes to bitcoin, some are just fake and for scam purposes.

[Getmon]

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 only trust the Bitcoin related services that I am using because of their track record. Without those clean track records I would not have continued using them. Bitcoin casinos should be provably fair, without KYC, and will ask zero withdrawal fee for me to use them. There are a lot of options out there with those qualifications so I have to look at their track records as well. There are many Bitcoin casinos that have shady past.

[sureshverma]

Why shouldn't I trust them? I trust them as much as I trust the services associated with cash.

[SaShiRaJaVu]

Why do you trust some website/company with your bitcoins?

Trusting a service depends upon the reputation of the company, i usually do not invest my coins in any new website aka exchanges or gambling sites unless they are in the market for a longer period of time and once i finish my rolls i usually withdraw the money rather than holding those in the site.

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

Before depositing you need to verify whether those are provably fair website and if it is not and you are unable to verify your bets then what is the point in playing in those sites, reputation and to some extent offers given by a site attracts me .