There’s no question that the worldwide iGaming market is proceeding to develop at a dramatic rate, with its current value of $35.13 billion expected to increase at a CAGR of 5.56% over the next five years. It will then peak at $46.04 billion.
However, this market has also been targeted by shady operators and scam websites, whose sole goal is to steal customers’ cash and their most sensitive financial datasets.
This trend has accelerated given the rise of crypto casinos, and it’s important to analyse the 20Bet betting promo codes and their associated deals in detail before committing.
We’ll take a look at the steps you can take to avoid scam casino sites in this post, which could save you money and keep your most private financial information safe online!
Be Wary of Slow Processing Times and Certain Payment Methods
As the iGaming industry has progressed, customers have had access to a wider variety of payment options.
There are now a variety of ways to process instant deposits, including Visa debit cards, e-wallet solutions, and even cryptocurrency tokens. Most reputable casinos provide their customers with a particularly extensive selection of options.
Scam casinos, on the other hand, will only offer a limited number of payment methods, concentrating on those that require you to save sensitive financial information on the site (such as debit cards or bank transfers).
This is relevant at casinos across the globe. While these payment methods are safe on their own, they also require information like your bank account number and sort code, making them vulnerable to shady operators.
Because of this, we would suggest making use of convenient payment options like PayPal, which doesn’t require you to provide the numbers of your bank account or debit card and has its own multi-factor authentication safeguards.
Due to their pre-paid nature and limited validity, virtual Visa cards are also viable payment options. Because this also translates into responsible gambling, it contributes to the protection of players on a variety of levels.
Do not misunderstand; If you want to play at the best online casinos around, these are the safest ways to pay and the most convenient methods through which you can make deposits and withdrawals without sacrificing your overall experience.
Be Careful about Crypto Club and Metaverse Betting
Digital currencies are being more widely adopted across a larger number of applications too, including even mature business sectors. However, not all digital currencies are created equal, and blockchain technology is vulnerable to rogue operators.
For instance, most global administrations have a somewhat moderate viewpoint with regard to crypto resources, making this sort of betting totally lawful. However, it’s also regulated, with this having much to do with the design of the underlying tech.
However, the decentralized nature of blockchain means that there is no single point of control or failure, while the technology’s capacity to use cryptographic principles to secure single transactions and data transfers makes crypto and Bitcoin (BTC) gambling inherently secure.
This creates an intriguing prospect, as scam casino operators may use crypto tokens and sites to entice players and steal their identities.
This represents the exploitation of the open and lucrative nature of the crypto world. Such operators are also able to collect substantial customer deposits and hold them for an extended period of time before withdrawing the capital and closing the site.
So, make sure that the crypto or bitcoin casino you choose is fully licensed by the relevant regulator, while it should ideally be accredited by a recognised body such as the UK Gambling Commission (UKGC).
Every accredited operator in the UK is required to prominently display these credentials on their website, including their unique license number and a hyperlink to a supporting resource. Before wagering a single penny of your hard-earned money, you should also check the site online to make sure it is fully licensed and regulated.
Naturally, the rise of the metaverse has made the idea of gambling with cryptocurrencies even more complicated. A number of blockchain technologies, like Axie Infinity and Decentraland, now offer casino games through virtual, three-dimensional realms.
Until further notice, this stays a totally unregulated space, and it’s wide to keep away from this kind of betting to dependably bet.
Pay Attention to Harassing Terms and Conditions
There are a lot of casinos in the US and UK, and each one has its own terms and conditions for players.
Many of these are fairly common, like wagering requirements that are usually set within a narrow multiplier range and made clear in specific bonus offers.
However, when you sign up for an account at a rip-off casino, you will almost certainly be subject to predatory terms and conditions that seek to maximize your spend within a short space of time.
For instance, you might find wagering requirements that are particularly high—more than 100% of the total value of the bonus – along with restrictions on the amount you can win from promotions of this kind, making the offer completely unfair and ultimately costing you money.
Once you have credited your account or deposited funds, a scam casino may even modify its terms and conditions, making it harder to withdraw winnings or charge you for using your preferred payment method.
Before registering for an account on a website, we recommend reviewing both the general terms and those associated with individual welcome offers to eliminate or reduce this risk.
