Crypto Casinos

You might have the best and safest password for your Bitcoin wallet, but if you deposit at a casino that is a scam and only poses as a real casino, you can still lose everything you deposit.

If you want to know how to stay safe when choosing a BTC  casino, keep reading. But remember that we do all of the hard work for you here at Viabonus, so if you choose one of our recommended online Bitcoin Casinos, you’ll always know that they are fair and safe to deposit at.

Would you rather go on your own casino verification adventure, you need to figure out if the casino has a legit casino license in general. Another thing to look for is if the casino has trusted casino games that also are regulated properly. Lastly, you want a casino with safe deposit and withdrawal methods.

All About Licenses

Never compromise on an online casino license. Three big overseas casino licenses, the Malta Gaming Authority (MGA), the United Kingdom Gambling Commission (UKGC), and licensing from Curacao. Then there’s also the Kahnawake Gaming Commission. However, the licences might have a different approach to Cryptocurrencies, so you should always check what license the online casino possesses.

You can usually find the logo of the casino’s license at the bottom of every page, and you can also cross-check the licensing on the license provider’s website. It’s important that you do since anyone can put up a logo on their website if they want to scam you, but nobody can force the casino licensing agency to list their name without a proper license.

Crypto Gaming Licence

The games at all legit bitcoin casinos are checked by independent licensing agencies. They check that the RNG, RTP (Return to Player), and functions of each and every game released by the game providers who have the license, are accurate and follow all regulations.

Game providers like Netent, Yggdrasil, Microgaming, Evolution Gaming, Quickspin, iSoftBet, and many more, are all checked this way. A casino that tries to scam you can’t offer these kinds of games on their page, simply because the game provider license forbids it.

But don’t be fooled by just looking at the available games, you also want to make sure that you can start the games both offline and logged in before you deposit. If the games from one of the top game providers are starting as real money play when you’re logged in, you know you’re safe and you can make a deposit.

When you choose an online casino that we recommend here at Viabonus, we guarantee that the casino has proper and licensed games.

But that’s not all...

You’ve made sure that the casino has the right license and the right games with proper licenses. That must be everything you need, right?

Not quite. 

Check the Terms & Conditions

There might be other problems you need to consider. The online casino might offer deposits and withdrawals with bitcoin, but they might not process withdrawals. At all.

There are some online casinos out there that are really sneaky. They add unfair sections to their terms and conditions that allow them to confiscate winnings when normal online casinos wouldn’t. Others might wait with processing your withdrawal for weeks or even months.

We wouldn’t want you to fall into a trap like that, so before we recommend online casinos to you, we check the T&C, the withdrawal processing times, the quality of the support, the speed of deposits and withdrawals as well as any possible fees. That way, you will always have great options for a bitcoin gamble when you look at online casinos here at Viabonus.

As we mentioned, if your Bitcoins or other Cryptocurrencies are stolen or if you deposit to a scam casino (why did you not go with a casino we recommend?), you can’t use chargeback to get your coins back to your wallet.  That’s scary to think about, so let us explore the two ways of keeping your bitcoin safe.

The first thing to think about is to use one of the best bitcoin wallets and to use a good password and two-factor authentication.

The second thing is to go for online casinos that have a valid, reputable, and trustworthy online casino license, and are safe to play at. This is where we come in.

But before we go into that, let’s explore the best bitcoin wallets first.

Choosing the Right Wallet

When you’re choosing the best bitcoin wallet it can be difficult, it’s hard to know which ones are good and which ones to avoid. Then there’s the whole thing with preferences, the right wallet for you might be the wrong one for someone else. There are several different options. You can go for an old-school wallet on a removable device, like a USB key, or you can go for a modern app that is easily accessible from your phone at any time.

Here are three alternatives, one is an app on your phone, one is stored offline on your computer and one is a bit of both.

• Electrum was one of the first wallets to exist. It’s a very popular bitcoin wallet globally. This is a user-friendly wallet with two-factor authentication and an offline storage alternative. It’s a great and safe option for a Bitcoin wallet, and some call it the best Bitcoin wallet.

• Edge is the wallet that is only on your phone. You can use it with both iOS and Android phones, and it’s very user-friendly, which is why we consider it as one of the best Bitcoin wallets. If you’re into more crypto than just Bitcoin, then this is a very good option. They support 31 coins at the moment, and more are added as requests come in.
• Coinbase is the last contestant for the best Bitcoin wallet, you can access your wallet on both the computer and your phone and it’s one of those really highly ranked and popular Bitcoin wallets globally. With Coinbase you can also buy more Bitcoin or other cryptos. The only thing to keep in mind is that you have to verify yourself before you can use the wallet, so expect a couple of days to pass after you’ve signed up before you can use it.

How To Keep Your Crypto Wallet Safe?

You’ve downloaded and signed up for what you think is the best Bitcoin wallet, now you just have to keep your login safe.

Just like we don’t wave our credit cards around or say our pin code out loud as we enter it when we pay at a store, you should also keep the password for your Bitcoin wallet safe. When you pay with a card at the store, you’re actually using two-factor authentication. The first is the card itself and the second is your pin.

When it comes to cryptocurrency, since it’s not a physical card but rather something on your device, you’re susceptible to hacking. And that’s why you need two-factor authentication on your login so that only you can access your stash of Bitcoin or other altcoins.

There are some golden rules to your password too. The first is that you will probably be safe if you stay away from using real words (also alternative spellings like “p4ssw0rd” or “drowssap”). The second step when choosing a password is to also have at least one capital – preferably not at the very start or end of your password.

Lastly, remember to always include a number and a special character (like !, ?, £, $, @, etc.) in your password. The more, the better, but don’t forget about regular letters too. Keep the password at least 8 characters long and your wallet should be safe from most hacker attacks.