Scams are common across the online casino landscape, and so if you want to gamble safely using crypto assets in particular, then staying on top of the underhanded tactics in play is wise.
To give you the upper hand, here are just a few crypto casino cons that you should be on the lookout for when researching new sites.
Phishing sites
Top of the list of scams is the tried and tested approach of building a legitimate-looking website in order to dupe visitors into thinking it’s the real deal, only to find out too late that it’s set up to steal their details and assets.
Phishing sites can be worryingly realistic-looking and able to trick even the most seasoned web users. For this reason, it’s a good idea to use a trusted third party like CasinosCryptos to look into the legitimacy of all operators in this market. You can visit their website for reviews of crypto casinos and much more info besides.
Phony ads
Cybercriminals often exploit paid ads online, both on search engines and embedded in other websites, to lure innocent victims to them.
If you’re into crypto, then you could see such ads served to you without realizing that it’s a scam. The trap is laid with the promise of impossibly good crypto casino bonuses, for example, making it much more likely that you’ll click through.
Be cautious about clicking any ad for this reason, especially if the deal it relates to is unrealistically outlandish.
Social engineering
You don’t need to visit a dodgy website or click a misleading ad to have your crypto casino experience spoiled; sometimes, all it takes is a bit of old-fashioned social engineering to steal sensitive info.
There are a few ways this category of scam can take place, whether that’s via email, on social media, or even over the phone.
It involves a malicious third party spinning you a tall tale that encourages you to hand over private data, such as your crypto wallet passkey.
Never give details like this out to a stranger, especially one who is promising you something in return or claiming that they need it for an emergency reason. This is one of the best practices for all sorts of gaming scenarios.
Suspicious deposit details
In the case that an alleged casino site gives you instructions on how to make a deposit, and you’ve had no cause to doubt the legitimacy thus far, you should be extra vigilant at this stage.
Your suspicions might be raised by deposit details that don’t gel with claims made by the casino so far. Check the address of the receiving wallet, and research this further since any anomalies will immediately become apparent. This applies whether you’re playing on a budget smartphone or a high-end PC.
Further thoughts on staying safe when using crypto casinos
There are a number of other best practices for crypto casino users to implement, even if they are happy that the site they are playing with is above board and legitimate.
For example, it’s worth snapping screenshots of any transaction that takes place, as this can be useful evidence to refer to in the future if the need arises.
Likewise, if you are required to use a third-party online wallet to keep your currency in so that you can play on a particular site, think twice. When coins are out of your direct control, it’s possible for all sorts of mischief to take place.
Wrapping up
Millions of people enjoy crypto casinos every day without having any problems. This growing market encourages scammers to target players, and so even if you think you know how to stay safe, you cannot afford to drop your guard.