Over the past few years, crypto gambling has become a very popular source of online gaming and entertainment. But wherever there is money involved, criminals will try to find ways to exploit these up-and-coming sectors. As new bitcoin casinos are popping up frequently, there is some concern when it comes to safety and security while playing on these sites.
Fortunately, this industry is led by proactive software developers such as SoftSwiss who blatantly refuse to be victimized by fraudulent activities and hackers. This Swiss-based developer includes a very effective anti-fraud department that has been showing promising results in the fight against online fraud within the crypto gambling industry.
Since July 2020, SoftSwiss has resolved over 70 fraud-related cases worth over €370,000! The past nine months have shown excellent results in the battle against crypto gambling fraud. And the future looks bright when it comes to preventing these occurrences.
Why is SoftSwiss so Effective at Combating Fraud?
SoftSwiss provides various safety techniques and security checks for their clients which reduce fraudulent activities within these casinos. This includes tracking the abuse of bonus offers by players, collusion between players, investigation into duplicated accounts, and many other forms of fraudulent activities.
“Our team is glad to be helping out such a large number of people and keeping it objective and honest every step of the way. Cooperation with the Support Team of dozens of casinos as well as notifications from the providers helps us always detect and react timely.” in a comment by the Team Lead of the SoftSwiss AntiFraud, Anastasia Vyshinskaia
So yes, the crypto gambling world is not impenetrable. But fraud has plagued the financial industry for decades. So let’s ask the question. How easy is it to resolve these issues when traditional currencies are involved as opposed to using cryptos? The transparency behind crypto transactions alone is enough to answer this question.
Are Crypto Gambling Sites Safer than Traditional Online Casinos?
If you have played with an online casino that makes use of traditional currencies, then you are well aware of the vast amounts of personal data that needs to be included when creating an account. This information consists of residential addresses, identification documents, and credit card information.
Supplying all this info is very risky, and many of these casinos have experienced fraudulent activities related to this info as player accounts fall victim to hackers. With crypto casinos, safety and security always comes first. You will only need to complete your information once, and make a deposit via the casino’s provided crypto address.
Leading crypto casinos such as BitStarz and Bitcasino.io are far safer than traditional online casinos and provide many security features for your account. BitStarz for example is 100% secure and GDPR (General Data Protection Regulation) compliant. Furthermore, your account requires 2FA (two-factor authentication) which prevents unauthorized activity in your account.
Transparency is key when it comes to crypto casinos. As all transactions are totally transparent and recorded in blockchain technology, nothing can be falsified or altered. Therefore, these casinos will not be able to conceal any information from players which results in a fair and open gambling environment.
The Guardians of Crypto Gambling
Thanks to software developers such as SoftSwiss and leading crypto casinos like BitStarz and Bitcasino.io, the future in crypto gambling is in very capable hands. We can enjoy our favorite source of online entertainment knowing that these prominent names in the industry are looking out for us. And we can rest assured knowing that our digital assets are secure within blockchain technology and the many safety benefits that come along with it.