The Danger of online Crypto Gambling platforms/crypto related Scams on the rise.

[Olotu20]

With the advent of the Internet alot of things that used to be done physical has also gone online and the gambling community is not an exception to this. Before now in my country gambling was done manually in the sense that you have to go to the gambling shop to gamble even that, you have to write it down and go later to check the number that you gamble on,because in those days gambling was not common. But later that too changed to computer gambling that was when most Casinos started penetrating to my country. When you go to the casino shop you will write down the codes of the games you wants to bet on   and give it to the attendant and it will be printed for you. But now we are entering a new era and that is online gambling now you don't necessarily  need to go to a physical shop but everything can be done at the convenience of your home. And this also has brought with it some levels of risk associated with online gambling especially crypto enabling gambling.
 But have you  once taken into consideration the risk that is associated with gambling online, going through this forums especially the board dedicated for casinos to advertise their Brands you will see different complaints about different casinos from members of the forum and almost on a daily basis you see different casinos coming to advertise their brand.Most crypto casinos operate outside traditional gambling regulations. It should be noted that Crypto casinos can be tempting because of their speed, anonymity, and global access, but they also carry high risks of fraud, loss, and lack of protection.Gamblers should only use licensed, well reviewed platforms, because there is a high risk of losing your money gambling online especially on casinos that, enable crypto gambling alot of scammers has taken to opening fake online gambling sites and has cashed out big.


REASONS WHY YOU SHOULD BE CAREFUL WHEN USING ONLINE GAMBLING SITES.

They can shut down or disappear with users funds.

Many operate from unknown jurisdictions, making it difficult to file complaints or recover losses.

Risk of Scams and Fraud

Because of the anonymous nature of cryptocurrency, it’s easier for bad actors to:

Create fake casinos that vanish after collecting deposits from customers and many online casinos manipulate slot games outcomes, since fairness isn’t always verifiable. Most of these casinos Steal the personal data or wallet information through phishing or malware links so it's critical for us the Gamblers to be very careful of the Casino that we make use of especially when it comes to sharing our personal data as most of these Casinos has made KYC compulsory before you can be paid your winning.

No Guaranteed Fairness

While some crypto casinos claim to use provably fair systems, not all do without  transparency, games can easily be rigged.Gambler often have no way to audit the system’s fairness.

Limited Responsible Gambling Measures

Traditional casinos often have tools to help problem gamblers such as deposit limits, self-exclusion, etc but Crypto casinos usually lack these protections, making it easier to Lose track of spending.

 Difficulties with Customer Support and Disputes.

Many crypto casinos have poor or nonexistent customer service

This means that, withdrawal issues may go unresolved as widely seen in the threads of most of the Casinos on the forum.You might not get help if your account is hacked or blocked.

Legal Uncertainty

In many countries, crypto gambling is in a legal gray area or outright illegal.
Gambling on such platforms could lead to Fines or prosecution, depending on local laws this could lead to frozen crypto assets if authorities crack down on the site.

 Privacy Risks

Although crypto offers anonymity, some casinos may still track transactions or sell user data.Require KYC exposing your identity.

[Odusko]

This can be said to be a good guide as a warning against shady crypto casino, although majority of the casinos that we have here in the forum have no such history or shown any tendency of an exit scams, this is why we always advise newbies to only gamble on reputable crypto casinos and to avoid the none reputable and shady one's.

[Oshosondy]

But there are many legit crypto gambling sites, you can see many of them on this forum and we are in signature campaigns of many like Betpanda that I am wearing its signature and avatar. Crypto gambling sites that are legit are licensed this time. All the crypto gambling sites that I know on this forum which I researched about are licensed.

[Alphakilo]

It is because of this dangers that cryptocurrency platforms for both gambling and CEX are licensed and regulated so as to be like a watch dog against such scams that could easily befall anyone who uses a non regulated and licensed platform with their bank account linked to it, thinking they are totally anonymous and secure.
I can't begin to state the penalties that could be a repercussion of a platform who sold or exposed clients information, because the owners could face prison sentence, huge fines, closure and forfeiture of such platforms and that means a lot of trouble for the owners even more than the user who was scammed.

[Ronsbit]

What an insightful write-up, OP. I understand that there are lots of scam casinos now in circulation waiting for those who they would undo and run away with their funds. Since my time here, I have seen good casinos with good service delivery and have been running here till this moment, but it is nice you have brought up this for us to see. OP, will it not be nice to make known the source of this post you have made for us to see and read?

[suzanne5223]

And this also has brought with it some levels of risk associated with online gambling especially crypto enabling gambling.
 But have you  once taken into consideration the risk that is associated with gambling online, going through this forums especially the board dedicated for casinos to advertise their Brands you will see different complaints about different casinos from members of the forum and almost on a daily basis you see different casinos coming to advertise their brand.Most crypto casinos operate outside traditional gambling regulations. It should be noted that Crypto casinos can be tempting because of their speed, anonymity, and global access, but they also carry high risks of fraud, loss, and lack of protection.

No online crypto casino can escape accusations since they operate digitally, and some don't understand some casino terms and conditions before using their service.
What's important is if the casino is not guilty and has the right to make the decision they decided about the accusser opinion. It's about the number of accusations, it's the genuine reason behind the accusation.
You said something about fraud and lack of protection. Why not go for reputabe casino like 2up.io

Gamblers should only use licensed, well reviewed platforms, because there is a high risk of losing your money gambling online especially on casinos that, enable crypto gambling alot of scammers has taken to opening fake online gambling sites and has cashed out big.

Using a licensed casino does not ensures safety gamblers from being scammed, and we have seen a lot of licensed casinos that are still operating as we speak, which scammed their users.
Reviews can be bought this day.

REASONS WHY YOU SHOULD BE CAREFUL WHEN USING ONLINE GAMBLING SITES.

Being careful is not enoug if thegamblers dont know the do's and dont's

[lombok]

This can be said to be a good guide as a warning against shady crypto casino, although majority of the casinos that we have here in the forum have no such history or shown any tendency of an exit scams, this is why we always advise newbies to only gamble on reputable crypto casinos and to avoid the none reputable and shady one's.

Community safety about the possible fraudulent emerging sites is an essential measure to be taken against them. You point out that online tracks do not bead misinformed people. Many interfaces have lured a lot of players into losing their assets because they were not investigating their backgrounds before committing to an attractive interface. The only way to fight off complete loss of funds through unscrupulous operators is to trust on some good recommendations of the community.

[Cryptohygenic]

Traditional casinos often have tools to help problem gamblers such as deposit limits, self-exclusion, etc but Crypto casinos usually lack these protections, making it easier to Lose track of spending.

And who told you that the limited and maximum deposits in the traditional casino's is affordable to all gamblers?
If that so you think that the system of limiting bettors on gambling deposit is to curb excessive spending of gamblers, why do we still have those getting their lives ruined in the same gambling system?
If your phobia for crypto casino's is about the customers support services and operative system the platforms to keep fairness, be sure that there are still also regulating crypto casino's including unregulated ones that keeps fairness reputations.
There also, customers do have complaints in the traditional system. You as a bettor just have to do your research before choosing a gambling platform to bet on. That is if you must save yourself some stress and regrets.

[Slow death]

Even fiat casinos can steal people's money and then disappear, so you can't just label cryptocurrency casinos as dangerous when you know that many online casinos that accept fiat have become scams. Another point is that you shouldn't think that all online cryptocurrency casinos are scams; there are many honest online cryptocurrency casinos that sponsor real-world sports.

[coin-investor]

You can avoid many of the issues you've mentioned by playing at reputable casinos and checking their status updates. Gambling is risky, but so is playing in the wrong casinos.

Two things that add up to a better gambling experience: the first is playing in a reputable and compliant casino, and the second is reading and following the terms of the casino you're playing in.

[Sandra_hakeem]

I usually don't read post like this, and this one depicts exactly the reasons why I should never try to. First of all, from a quick gaze, in a brief summary, you're stating out the differences between carefully-operated, trusted & licensed sites, and the unlicensed retailers. This is why you should always DYOR about any casino before filling out your credentials. It's not even about the money that you can lose at this point, it's about the safety of your own documents. Hold on a second, if you're so much scared of the dangers, why even gamble? This post doesn't carry any form of creativity or problem-solving quote-- just a wall of text that we've already discussed on several threads..

[Agbamoni]

REASONS WHY YOU SHOULD BE CAREFUL WHEN USING ONLINE GAMBLING SITES.

What are the alternatives now, if you want people to stop using online crypto casinos?

OP, every system has a reliable one and one that is there to do illegal stuff; it is left to you to choose the one you must trust.

Online casino are there to serve gamblig purpose so we have to be very careful of the casino we choose to deposit our money.

[alegotardo]

Very good! I think the most interesting part of all this is moving beyond general advice and turning it into something practical, a real survival guide for online gamblers. Knowing that before depositing any amount, you need to follow the basic rule of starting with a small deposit, making one or two bets, withdrawing on the same day, and verifying that everything worked without problems, checking if the support is active and works even for simple things (testing it with fake problems to evaluate the response time), in short... you need to put everything you learn into practice to know how to act if a real problem occurs later.

I think it is important to know that reputation and transparency is very important, it is not enough for a site to "seem professional", it is important to know your public history (what people say about it here on the forum, for example), how long it has been around and how the site handles complaints and reports, if has an active represent here on the forum... because this counts a lot.

And lastly: your privacy and security... many peoples lose money not because casino is a scam, but because of carelessness, treating their gambling wallet as your primary account, using simple passwords or/and reused across multiple sites, excessive KYC checks, and others... often the problem lies with the user, not the website.

[r_victory]

I think much of what the OP mentioned isn't limited to online casinos; nowadays, our lives are practically "virtual." The exchanges we use, other forms of payment, and even banks can go bankrupt. Recently in Brazil, we had a scandal involving a bank whose credibility was, for a long time, unquestionable, or at least it seemed so. Just as the advice is that an exchange isn't a wallet, consider that a casino isn't either. Ideally, don't keep your funds locked away; bet and withdraw whenever possible.

[cryptoaddictchie]

Online and crypto gambling have made betting easier and faster, but they also come with serious risks due to weak regulation, anonymous operators, and poor customer protection. Many crypto casinos can disappear overnight, manipulate games, or ignore withdrawal complaints, leaving gamblers with no way to recover their funds. This makes it very important for gamblers to research platforms carefully, use only reputable sites, and gamble responsibly.

[DPHOR]

But there are many legit crypto gambling sites, you can see many of them on this forum and we are in signature campaigns of many like Betpanda that I am wearing its signature and avatar. Crypto gambling sites that are legit are licensed this time. All the crypto gambling sites that I know on this forum which I researched about are licensed.

The truth is that., there are people who are that in found of making random search online like maybe seeing gambling site or casino on that is being advertised on social media you see them jumping into that site to make account just to get attracted by the bonus without them knowing what there real motive and of them having such enticing bonus. It's an easy way to get people attention and attraction to the gambling site where they wouldn't be that considering the rules and regulations, or the requirements of the bet needed for them to enjoy their bonuses. Of course there are lot of trusted and reliable gamble site over here that has been used by reputable members which they can easily signed up to use them.

[Tigerheart3026]

scams in everywhere, online casino is so popular in the last few years, i see a lot of online casino platform launched in last 4 weeks, and they promoting in large scale,
i'm also joined in a signature campaign, it's not like that casino websites are limited, so why you chose new casino site to play, you can avoid new and shady platform,
which chances to scam your money, online casino's operated anonymously and if you see they are not responsible in customer support, you just avoid.

[SFR10]

you will see different complaints about different casinos from members of the forum

That's true and although some of those are valid ^{[unfortunately]}, I've noticed a lot of users tend to ignore the TOS pages, while the remaining ones seem to focus on tricking the system.

It should be noted that Crypto casinos can be tempting because of their speed, anonymity, and global access, but they also carry high risks of fraud, loss, and lack of protection.

You're right, but that's also the case with most crypto-related platforms.

Most of these casinos Steal the personal data or wallet information through phishing

Despite requiring only a few cross-checks to protect them, many users still fall for it and this is the one that would do the most damage!

there are many honest online cryptocurrency casinos that sponsor real-world sports.

Yes, but it's worth noting that even dishonest ones are involved in sports ^{[e.g., 1x..t (I'm not going to mention their full name, but I think all of us can easily guess it (IIRC, even mycelium was promoting their ad on their wallet)]}.

Knowing that before depositing any amount, you need to follow the basic rule of starting with a small deposit, making one or two bets, withdrawing on the same day, and verifying that everything worked without problems,

You have a point, but it's worth noting that most scam platforms would immediately process smaller amounts and as soon as you deposit a large amount, that's when they'd run away.
^{- Unfortunately, a lot of users do such things (a gradual increase with smaller increments could provide some protection).}

[Ronsbit]

But there are many legit crypto gambling sites, you can see many of them on this forum and we are in signature campaigns of many like Betpanda that I am wearing its signature and avatar. Crypto gambling sites that are legit are licensed this time. All the crypto gambling sites that I know on this forum which I researched about are licensed.

The truth is that., there are people who are that in found of making random search online like maybe seeing gambling site or casino on that is being advertised on social media you see them jumping into that site to make account just to get attracted by the bonus without them knowing what there real motive and of them having such enticing bonus. It's an easy way to get people attention and attraction to the gambling site where they wouldn't be that considering the rules and regulations, or the requirements of the bet needed for them to enjoy their bonuses. Of course there are lot of trusted and reliable gamble site over here that has been used by reputable members which they can easily signed up to use them.

You are right, many people make that mistake of being quick to jump into registering with casinos they see online via ads and promotions with too good to be true bonuses. They fail to do their own research, which most times, at the end, they get scammed because they weren't quick to observe the casino patterns and failed to ask questions about the casino.

I have seen a lot of casinos as ads while surfing the internet, and a few of them I have encountered happen to have been tagged on this platform as scam casinos. I was able to know because I searched for such casinos that pop up as ads while surfing the internet. That is how I stay clear of casinos with no presence here on this platform.

[AmoreJaz]

scams in everywhere, online casino is so popular in the last few years, i see a lot of online casino platform launched in last 4 weeks, and they promoting in large scale,
i'm also joined in a signature campaign, it's not like that casino websites are limited, so why you chose new casino site to play, you can avoid new and shady platform,
which chances to scam your money, online casino's operated anonymously and if you see they are not responsible in customer support, you just avoid.

Not only last few years, but I would say, more than a decade already. But sure, popularity wise, it may be few years. When btc rose its price in the market and become more popular in the mainstream market. But if you are new in this market, you need to be cautious as there are so many crypto casinos now offering this and that bonus.
You will be a lucky person if you happen to find this forum and so this section because it is like a hidden gem for me when it comes to crypto-related businesses and the likes. If you will stick to casinos found in this forum - I mean, those active ones with active support, I would say, you are lessening your chance to be victimized by scammers.
As everyone can do their illegal act online anonymously, it is the individual himself who needs to be responsible in his online activities. Because like it or not, it is so difficult to ask for help if you already lost large sum of money because of these scam sites.