According to an igaming expert, Keane Ecclestone, crypto casinos are increasingly popular with bettors that value their privacy and security. While some perceive crypto casinos to be riskier than traditional online gambling platforms, Ecclestone believes bettors can play safely by choosing casinos that avail their licensing information. Bettors can also minimize risks by choosing crypto casinos that have several positive reviews, Ecclestone added.
Crypto Casinos vs Traditional Online Gambling Sites
Crypto casinos, just like many other services or innovative products that came to life courtesy of the growing use of cryptocurrencies, have seen the number of people using them grow. There are several reasons why bettors are flocking to online gambling sites and many of these reasons have to do with the shortcomings of traditional casinos.
Despite having clear advantages, crypto casinos do have their shortcomings which potentially increase risks for users. The perception that online crypto casinos are riskier is compounded by the fact that many of them are not regulated, or operate in jurisdictions where no such regulations exist.
To overcome some of these shortcomings, Keane Ecclestone, an igaming and crypto copywriter, recently co-founded an online platform, Casinos Cryptos, which ranks crypto casinos based on factors like the licensing information. According to Ecclestone, by providing this service, his platform plays its part in helping users avoid scam casinos.
Besides explaining to Bitcoin.com News how his organization rates crypto casinos, Ecclestone also gave his thoughts about this new industry and what must be done to improve user safety. Below are Ecclestone’s responses to questions sent to him via Linkedin.
Bitcoin.com News (BCN): Crypto casinos appear to be growing in popularity. In your view, what could be the factors behind this?
Keane Ecclestone (KE): We believe the main reasons behind the rising popularity are threefold — privacy, security & growing interest in the crypto market. Players prefer having greater anonymity, along with a large number of people owning crypto — thus driving demand.
BCN: Despite their surge in popularity, crypto casinos, however, are seen or perceived to be riskier than other online casinos. Do you agree that crypto casinos are riskier?
KE: Not necessarily, so long as players are cautious about the casinos they use — depositing/withdrawing with cryptocurrency in fact can be safer as you’re not…
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