The one thing everybody always cites as a huge positive when it comes to Bitcoin is how safe and secure it is. Because of the way it works, and the transparency of the block chain, people can be sure their transactions are all safe and validated. This makes it damn near impossible to commit fraud or to try to scam people. But, how well does this transpose to casinos?
Casino fraud, as we know, is a big issue for a lot of the big name casinos. Since the dawn of gambling, there have been people who have tried to fleece casinos, with varying degrees of success. There are always new methods and techniques that players are coming up with to try to beat the system and scam casinos. And the question on everyone’s lips is, will Bitcoin help prevent this?
Well, the answer is perhaps a little tricky to give with absolute certainty. The short answer would be, probably, no. At least, not for land-based casinos. Because the fraud and scams that happen in land-based casinos almost always involve real money or chips, this would not be affected by Bitcoin, and so it’s unlikely we would see a change in casino crimes in these scenarios.
However, there might be a change when it comes to online casinos. Because Bitcoin is a digital currency, it has its domain online. This is where it is effective, and can be used as a powerful currency. It might be possible for people to scam online casinos using Bitcoin, but this could be more difficult than we think. There are loads of procedures and security in place to protect online casinos. And, it is probably harder to scam an online casino than it is to scam a land-based one.
So the jury is still out on whether Bitcoin will have any effect on casino scammers. Something you do need to look out for is online casino scams that might affect you and your Bitcoin. There are plenty of scams out there that could affect the unsuspecting Bitcoin player. You have to be sure that the case you are signing up with is repeatable and that you aren’t being scammed yourself.
This can be difficult because there are so many different Bitcoin casino out there, and it can sometimes be tricky to know where to start. Just make sure you do your research, and avoid falling victim to the sorts of scams that could see you lose all your precious BTC.