The adaptability of online casinos is the major reason why they continue to gain popularity. The way they adapt to the advancement in technology is exceptional. Casino players in physical casino had their doubts when online casinos started, but that’s now a thing of the past.
The amazing graphics and immersive player options offered by online casinos attracted more and more players online and it looks like the fan-based will only grow bigger.
One thing that most casino players are concerned of is the lack of anonymity. The constant threats of hackers only raised that concern. This is why anonymous online casinos are introduced.
Are Bitcoin Casinos Completely Anonymous?
Not all bitcoin casinos are truly anonymous. Most of them would need your basic personal information such as full name, address, ID. Some will even perform a Know Your Customer procedure where you would have to provide proof of income and residence. While these casinos are not anonymous, they do let you deposit bitcoins anonymously.
What Are Anonymous Online Casinos?
These online casinos allow you to transact on their platform without having to register your personal information. All transactions are carried out through cryptocurrencies, protecting the user’s anonymity.
Sometimes, they do require your email to perform transactions. Other than that, you don’t need to provide further information, nor do they perform any KYC (Know Your Customer).
The Benefits of Anonymous Online Casinos
They are affordable with very minimal transaction fees. Some are even completely free.
There are people living in areas where it’s prohibited to access online casinos. Anonymous online casinos are a great option since they provide high level of accessibility no matter where you are. If you are residing in areas where banks also prevent you from participating in online casinos, this works as well.
Anonymous online casinos have appealing bonuses up for grabs. There are welcome bonuses, veteran deals and even recurring offers that are truly enticing.
This is the main reason why these types of casinos are popular. The transaction is speedy and are also highly secure because of blockchain technology.
As with everything else, there are also risks involved with anonymous online casinos.
Most of these anonymous platforms are unlicensed which can increase the threat of scams. You are also more prone to be duped with low-grade service.
- No Chargeback
This means you have to be extra careful when you make deposits. Should you make a mistake, there is no way of getting your money back.
- Still Fairly New
Since the cryptocurrency industry is only in its infancy, there are a lot of experimental currencies that are emerging. However, not all of them have staying power. But casinos adopt these currencies regardless of their infant state, even letting players transact with them. This can lead to a big loss for those players.
- Cryptocurrency is Volatile
Cryptocurrencies are volatile, so their values fluctuate regularly. You need to check the market trends prior to wagering so you won’t suffer a huge amount of loss.
Benefits and risks go hand in hand. You simply cannot have everything. Anonymous online casinos can be beneficial for gamblers who are careful and have done proper research before venturing into it. If you want to make your gambling experience profitable, always weigh the benefits and risks and make sure you know what you’re getting into.