Can You Trust Crypto Betting Sites?

A Matter Of Trust

Financial services online have been under considerable scrutiny in recent years. While they make our lives easier and more convenient in a lot of ways, there are also always issues around trust. Crypto betting sites, in particular, given their new nature, are subject to even more scrutiny than their traditional counterparts. Today, we’re going to look at some of the most important things to look out for to know that you can trust a crypto betting site—from basic licensing to customer service and reviews. Let’s get started…

1. Licensing

The most important thing you can do when vetting a crypto betting site is ensure that it is licensed by the relevant authority. Here in the UK, that is the Gambling Commission. Currently, the Commission has issued licenses to around 2,400 operators, for over 3,000 different games and services. This number is constantly increasing with some betting sources claiming it increases at a rate of about 20 per month.

Crypto betting sites must go through this same process if they are to operate legally. It is no different. For any legitimate crypto betting site, you will be able to find them listed on the GC’s official website, plus you’ll be able to find their license clearly displayed somewhere on the site.

If it doesn’t have a license, it is operating illegally, and you cannot and should not trust it.

2. Customer service

So, you’ve established the site is operating legally. Now, you’ll want to find out how it operates on a nuts-and-bolts level. With crypto casinos and online betting sites in general, things can always go wrong, and in these cases, you’ll need to speak to customer service.

If the customer service is not up to standard, resolving issues will be a great deal more awkward. A site with poor customer service is not to be trusted as well as others might. You can find out how good the customer service is by contacting them with basic questions about the site and evaluating their response, but another way you can do this is to check customer reviews.

4. User reviews

For any online betting site, you will be able to find online, third-party directories with collections of review of those who have used the sites. For the biggest sites there will be literally tens of thousands of reviews, but any legitimate site with reasonable traffic will have been reviewed somewhere.

Scan the reviews for general feedback and look carefully for any recurring issues users seem to mention. Particularly, if many suggest the customer service is poor, you may want to consider revisiting the site later on.

The best people you can ask to determine the trustworthiness of a betting site is those who have used it before.

5. Security features

Finally, you’ll want to do a check of the basic security features. With around 30-40% of small to medium business reporting attempted cyber attacks on a regular basis, you want to know that your funds are protected from potential theft.

Check that the site itself has a strong firewall. Then, look at the account security features—such as 2FA, complex passwords, and recovery methods.

Without good security, you can’t trust the site as well as you might. The best crypto betting sites adhere to all basic security measures, even if crypto is inherently safer.

So, as long as you do your research to ensure that any crypto betting site ticks the above boxes, then you’ve nothing to fear from it. While the same phishing scams and illegal sites that plague the traditional online betting world abound in crypto betting, they are ultimately just as inherently trustworthy as normal betting sites. Just know what to look out for.