Crypto Casinos Are ‘Impossible to Rig Because the Game Is Hosted on a Blockchain’ — Online Casino Reviewer – Interview Bitcoin News

According to an igaming expert, Keane Ecclestone, crypto casinos are increasingly popular with bettors who value their privacy and security. While some consider crypto casinos to be more risky than traditional online gambling platforms, Ecclestone believes that bettors can play safely by choosing casinos that take advantage of them. use their licensing information. Bettors can also minimize their risk by choosing crypto casinos that have a number of positive reviews, Ecclestone added.

Crypto Casinos vs Traditional Online Gambling Sites

Cryptocurrency casinos, like many other services or innovative products born of the increasing use of cryptocurrencies, have seen an increase in the number of people using them. There are a number of reasons why bettors are flocking to online gambling sites and many of these are related to the shortcomings of traditional casinos.

Despite the obvious advantages, crypto casinos still have disadvantages that potentially increase the risk for users. The perception that online crypto casinos are riskier is due to the fact that many of them are not regulated or operate in jurisdictions where such regulations do not exist.

To overcome some of these shortcomings, Keane Ecclestone, a crypto copywriter and developer, recently co-founded an online platform, Casinos Cryptos, which ranks crypto casinos based on their respective categories. elements such as licensing information. According to Ecclestone, by providing this service, his platform plays a role in helping users avoid scam casinos.

Besides explaining to News how his organization rates crypto casinos, Ecclestone also gave his thoughts on this new industry and what needs to be done to improve safety. of the user. Below are Ecclestone’s responses to questions sent to him via Linkedin. (BCN) News: Crypto casinos seem to be growing in popularity. In your opinion, what could be the factor behind this?

Keane Ecclestone (KE): We believe the main reason behind the triple increase in popularity – privacy, security and growing interest in the crypto market. Players prefer anonymity, along with a large number of crypto holders – thus driving demand.

BCN: Despite their skyrocketing popularity, however, crypto casinos are perceived or thought to be more risky than other online casinos. Do you agree that crypto casinos are riskier?

KEY WORD: Not necessarily, as long as players are cautious about the casinos they use – crypto deposits/withdrawals can in fact be safer since you don’t enter card information on a traditional casino site malicious (potential) system.

BCN: What made you decide to start a crypto gambling sites ranking platform and what impact do you expect this to have on the industry?

KEY WORD: Linking back to the previous question, there are definitely some casino sites that players should stay away from. It is our mission with our review platform to provide our customers with detailed, unbiased information about each crypto casino so they can stay safe and find the best site for them. their individual requirements.

BCN: Based on your experience, what would you say are the signs or attributes of a good or legit crypto casino?

KEY WORD: A legitimate crypto casino usually offers licensing information (usually Curacao or Malta) and has many positive reviews. Another way to be sure is longevity – if it’s been around for a while, it’s probably legit. Or players can access where we did the hard work for them.

BCN: Anonymous gambling is one of the reasons why crypto casinos are gaining popularity. What do you think are the benefits as well as the risks that come with this type of KYC gambling?

KEY WORD: Some people will consider providing personal information an invasion of privacy and want the right to be able to gamble on products of their choice, as they choose, from a place of their choice. Of course, this carries greater risk from a compliance standpoint, but many casinos have implemented systems to detect suspicious behavior and KYC only those that they deem malicious.

BCN: Now let’s talk about regulation. As you may know, many gambling sites are regulated and the reason is usually to protect players against certain behaviours. For example, it is known that some casinos use dishonest techniques such as implementing a fraudulent roulette wheel. If a regulated casino operator engaged in this activity is caught, their license will be revoked. Now, since crypto casinos are largely unregulated, if an operator cheats, what happens to this operator? Is there an agency or organization that players can report this to?

KEY WORD: Great question. One of the many benefits of blockchain is that a lot of these crypto casinos are provably fair – meaning it won’t be as tight as the game is hosted on a blockchain for all to see. Okay. True, this is not every site, but the majority either implement fair practices or use the major game providers so the risk in our opinion is minimal and hence the need for Smaller regulatory bodies compared to traditional online casinos.

BCN: The industry is growing but there is still room for improvement. In your opinion, what else needs to be done to make crypto casinos more secure?

KEY WORD: There’s always room for improvement. For extra security, I would recommend offering crypto casinos that offer secure cold storage for player cryptocurrencies as well as allowing instant withdrawals on demand like most exchanges do. electronic currency translation. This helps players know they are always in control of their money.

Cards in this story

Blockchain, Crypto Casino, Cold storage, Cryptocurrency Casino, cryptocurrency exchange, Electronic money, Cryptocurrency Regulations, Gaming, Keane Ecclestone, KYC, online casino

What do you think about this interview? Let us know what you think in the comments section below.

Terence Zimwara

Terence Zimwara is an award-winning Zimbabwean journalist, author and writer. He has written extensively about the economic troubles of several African countries as well as how digital currencies can provide Africans with an outlet.

Image credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This newspaper only gives true information. It is not a direct offer or solicitation to buy or sell, or a recommendation or endorsement for any product, service or company. does not provide investment, tax, legal or accounting advice. Neither the Company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or materials. goods or services mentioned in this article.

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