Introduction
One of the biggest criticisms that cryptocurrencies and blockchain-based gambling sites have received is that they’re all smoke and mirrors: no real infrastructure, business model, or strategy to make money other than pump and dump schemes. I’m going to argue that this is short-sighted and shows a fundamental lack of understanding about how money can be made in the crypto gambling space. In fact, there are a lot of great strategies that can be employed by crypto gamblers to make sure they end up on top.
In this article, I’m going to explain the best strategies for crypto gamblers in the form of tips and tricks for 2022. Keep them in mind as you read through this piece, and you should be well on your way to success.
Crypto Gambling Insights
Crypto gambling is on the rise and it seems like there is no end to its popularity. According to N1 Casino Deutschland, from the beginning of 2015, this activity has been constantly growing. There are many reasons why crypto gamblers prefer using crypto coins rather than fiat money for their betting purposes. Firstly, transactions with these coins are very fast as compared to those through banks; secondly, using them is completely anonymous (the identities of blockchain transactions are hidden); and thirdly, these coins aren’t subjected to any fees.
However, there are also some negative aspects of crypto gambling. For example, the industry is often associated with fraudulent schemes and not very trustworthy companies. Therefore, gamblers have to be extremely careful when choosing a platform for their bets.
Nowadays there are several international organizations whose members consist of blockchain developers working on improving the technology in order to make it more efficient and popular. They can also provide you with valuable advice, for example how to choose the best crypto gambling website or what are the main security measures should be taken in order not to get scammed.
These days there are plenty of online casinos accepting bitcoins for their bets. But it’s important to understand that if you want to be successful in this activity, you have to choose the best crypto gambling websites.
Top 10 Crypto Gambling Tips For 2022
1) Always check the reputation of a particular website before signing up for its services. It’s recommended to read reviews about it by other gamblers or crypto coin holders.
2) Usually the best crypto gambling websites offer high winning rates and low house edges, such as 1-3%. However, it’s still a good idea to do the calculation of chances before placing your bets.
3) The most popular payment methods for online bets are Bitcoin and Litecoin. But there is also an option of using several crypto coins, which can be placed at the same time. This is another characteristic that differentiates crypto gambling websites from fiat ones.
4) It’s important to remember that there are some countries where online gambling services are prohibited by law. Therefore, if you live in one of them, it’s recommended not to use any bets when playing with cryptocurrency.
5) In many cases, the best crypto gambling websites require their customers to open accounts with social media platforms such as Facebook and Google+. This is done solely for security purposes, in order to prevent fraud. Remember that if you do it, your account with these companies will be connected to a third one.
6) An important characteristic of the best crypto gambling websites is customer support. It’s a good idea to use those that provide 24/7 assistance for their users, as this way you’ll never be left alone when anything goes wrong with your bets.
7) There are many options for replacing fiat money with crypto coins. However, it’s important to remember that not all of them can be used for gambling purposes. There are some tokens, such as NoLimitCoin and DICE, which have a built-in betting feature.
8) It’s important to remember that being anonymous doesn’t mean you have to disclose all your personal information when signing up for bets with cryptos. In addition, choosing the option of using fake names will definitely protect you from all sorts of scams.
9) The best crypto gambling websites are constantly being improved and upgraded with the help of third-party developers and internal teams. This is done in order to make their services more attractive for customers and to find new ways of increasing their audience.
10) Make sure that your computer is protected against all sorts of viruses and malware before signing up for bets with cryptos. This also includes installing an antivirus, which will help you avoid unpleasant situations when your funds are stolen by hackers.
Some More Tricks…
1) HODL Bitcoins and tokens until the last possible moment;
2) Try out multiple sites if you can, or join a shared bankroll for passive income;
3) Consider investing in ICOs with gambling backends;
4) Use DApps whenever possible for more security and anonymity;
5) Always select provably fair providers;
6) Make sure you understand the house edge and bet sizes before playing;
7) Keep up to date with the rules and terms of various websites;
8) Don’t be afraid to ask questions of operators, moderators, or community members;
9) Use secondary security measures such as VPNs and 2FA apps;
10) Make sure you’re aware of the universal truths about gambling, particularly in crypto.
Conclusion
If you want to be successful in your crypto gambling, there are several strategies that you can follow. However, remember that the most important rule is to choose the best crypto gambling websites available on the market. As for all other activities with crypto coins, it’s better if they are decentralized and provide anonymity for their customers. Another important characteristic that differentiates them from fiat ones is customer support, which should be available around the clock. In addition, it’s also a good idea to use those that can be accessed on mobile devices and provide high winning rates for their users.
