The Danger of online Crypto Gambling platforms/crypto related Scams on the rise.

[CryptoHeadlineNews]

But have you  once taken into consideration the risk that is associated with gambling online, going through this forums especially the board dedicated for casinos to advertise their Brands you will see different complaints about different casinos from members of the forum and almost on a daily basis you see different casinos coming to advertise their brand.Most crypto casinos operate outside traditional gambling regulations. It should be noted that Crypto casinos can be tempting because of their speed, anonymity, and global access, but they also carry high risks of fraud, loss, and lack of protection.Gamblers should only use licensed, well reviewed platforms, because there is a high risk of losing your money gambling online especially on casinos that, enable crypto gambling alot of scammers has taken to opening fake online gambling sites and has cashed out big.

No doubt that scammers have found their way into the gambling industry, by creating a fake or phishing sites that looks just like the original gambling sites, confusing people to believe it's real. And as such, resulting to many who found themselves victim to this scam, losing their money after depositing into those fake casinos site that looks just like the original. And as such, it is only wise New gamblers apply greater caution of always fact checking and confirming the URL of whichever gambling sites they intend to use before logging into their browser to type, since their may be alternative scam sites. Hence, it's important for people who are privileged to know this forum know that this forum has got some of the best casino sites like Stakes, Duelbits and Rollbits. But it's best to be always cautious.

[Dunamisx]

We can't deny it that there have been increased in crypto related scam but this is not as a result of gambling, there are many other things that are causing why there is increased fraudulent activities in the society today, just that some are taking it the wrong way abusing gambling to be responsible for some of this things, we have to also consider the government and the way they run the economy for the people and how enjoying a better life, had it been things have been easier right from the starts, maybe many would have thought of doing something better with the engaged opportunities they can earn from.

[Localhostspeed]

We can't deny it that there have been increased in crypto related scam but this is not as a result of gambling, there are many other things that are causing why there is increased fraudulent activities in the society today, just that some are taking it the wrong way abusing gambling to be responsible for some of this things, we have to also consider the government and the way they run the economy for the people and how enjoying a better life, had it been things have been easier right from the starts, maybe many would have thought of doing something better with the engaged opportunities they can earn from.

One thing I have realized with scam, anywhere there is money then expect scammers to be hidding around there looking for a way to take money from innocent people but I'm not sure there is much scam in gambling like every other investment. If you have watch Bitcoin trend closely, you see different new scams anytime we are in bull run, that's when we see different things but as you can see, gambling isn't even like that, we don't have a trend in gambling like others.

Gambling don't have too much scam because it's easy to know the tricks of gambler. The simple ones could be fake casino where you are given a fake free money and ask to deposit and the scammer end up given you there own wallet address. Another scam could be the one people pay money for tips and ways to win money and that's foolish to think that a casino will allow you to use a software to win them, in most cases if they see manipulation, they block your account.

[Mhizlove]

There are a lot of shady casino and those who are experienced about crypto and gambling may not fall on the trap of the shady casino. But those who are not aware aboiut the shady casino may engage with those casino and become scammed by the so called casino which is not expected.

From what I understand there a so many fake casinos online and what do help avoid it is when you have the experience and those who have knowledge about crypto very much do have warning signs early and the ones that are new to it, that don't have any knowledge about it can easily fall as victims.

That's why you have to be patient and make research don't rush into a platform that you dont have an idea or knowledge about because without understanding the way it works will less you to numerous loss that would not have happened.

[Fiatless]

@Fortify you used some strong swords that were not necessary, you are trying to downplay a very critical point that, I was trying to address. From my write up it was clear that was not trying to generalize all Crypto casinos as been fraudulent. But the point that, I was trying to make is the advent of crypto gambling companies which are taking over every where. I was only trying to drive home the point that there are actually dangers that are associated with crypto casinos because whether you like it or not there are cases even on this forum that has not been settled. Instead some  Casinos will go ahead and close down the account of customers using flemzy excuses.  You are talking about Casinos operating from Europe how can i be using a Casino from Africa and the headquarters or license of such a casino is in Europe. If any issue comes up I have no legal backing from my country because regulatory differences occur, the standard of Europe when it comes to regulation is different from that of my local country of residents so trying to down play the point I was driving home  is unnecessary. Youn can criticize the way I presented it but the message is clear.

New technology comes with its threats and opportunities. In those days, you needed to go to the bank physically to withdraw your money; there was less fraud. Online banking has led to an increase in scams and hacks in the banking industry. The problem is not just about gambling but in all areas of life that have adopted modern technologies.

Gambling at an online or crypto casino has its benefits and disadvantages. For privacy, convenience, and fast transactions, gamblers would have to take the risk of playing in casinos that are not registered in their country. If you are concerned about the safety of your casino deposits, I suggest you use casinos that are registered in your country. I use casinos that have a good reputation in the forum. I don't care much about my money because I don't keep high amounts in my casino account.

[barbara44]

I have seen that shady casinos that lack a license everywhere, most of them can easily be identified by how they manipulate bet results, making the players win a good amount, but later require a certain amount of deposit to withdraw funds.

But, even licensed casinos are openly scamming their players because most of them have that Curacao license that is easy to obtain and allows the casino to dictate as they wish. If you submit a complaint against a casino with a Curacao license, they will almost always side with the casino.

I don't want to say much, but just Google or ask ChatGPT how easy it is to get a Curacao license and how it allows the casino to scam the players at will.

Now that said, some good casinos use a Curacao license and operate with extreme transparency. I just wish there were more providers for licensing and players could actually get some help from them.

[Emitdama]

Fiat might be worst than crypto casinos. Though all the things that were happening which I know happening in the crypto casinos buy they are not worst than the Fiat instead the reverse is the case. Someone won millions in fiat Casino and he was not paid, he took the casino company to court and, it was half of the money was given to him. Though we have also seen crypto casinos asking for KYC after winning huge amount. In both side, there are good casinos and bad p

Agree, 100%. Fiat casinos can confiscate your winnings, and even if you drag them to court, the most probable outcome is you get your deposit back because the house cannot keep your deposit. Most people don't even consider going to court because for some it's not worth and for others they might be gambling illegally.

At least most crypto casinos have instant withdrawals, and crypto once received is yours. Traditional sites like bet365 work with Skrill/neteller, etc which takes at least a few hours to process the withdrawals, and in that time, the house might decide to review it for whatever reason and decide not to pay.

[xbetz.io]

One thing I’d add is that many problems don’t show up at the beginning. A lot of casinos work fine for small balances and early withdrawals but issues tend to appear after repeated cashouts, larger balances or consistent play over time. That’s why reputation shouldn’t be based only on “first impressions” but on long-term user reports around withdrawals, rule changes and dispute handling.

[Asiska02]

This can be said to be a good guide as a warning against shady crypto casino, although majority of the casinos that we have here in the forum have no such history or shown any tendency of an exit scams, this is why we always advise newbies to only gamble on reputable crypto casinos and to avoid the none reputable and shady one's.

Shady casinos are mostly known already from their activities, newbies mostly are the ones that fall for this scams a lot and it is really pitiful that they get scammed easily just because they lack proper information and guide before using such casinos. Any casino that stays here for long must have proven its worth in transparency of their affairs, and how they have the interest of their customers also. Reputable crypto casinos are known more with their honest activities and feedback from their users from decentralized platforms like this ones, so keep an eye on reviews, they help in selecting the best casino to go for also when reviews come from out of their area of control.

[Ruttoshi]

The forum has reputable casinos which you can trust because the forum frowns at such actions. This is why the few ones that came here to scam couldn't continue to promote their brand here because forum members was scammed. DT members don't hesitate to give such casinos negative tag with reference.

If you're in the forum, you are safe to use any casino of your choice here because whatever ugly challenge you experience will be solved. Don't deposite a large amounts of money in a new casino.

[Miles2006]

A gambler can simply avoid such scam situation firstly make a proper research before using any crypto casino, the internet space is so wide and broad most especially gives room for all sort of common practice for example scam attempt as op mentioned while other casinos with a good intention are still out there. The forum space here is actually a good space where you can freely choose any crypto casino, definitely when troubles comes the support system are available to help except the casino is built by scammers. The physical casino set as an example is also not safe 100% as op mentioned, the physical casino deprive people from their wins still so it’s left for a gambler to make research first and choose wisely where to deposit funds and not.

[gunhell16]

But there are many legit crypto gambling sites, you can see many of them on this forum and we are in signature campaigns of many like Betpanda that I am wearing its signature and avatar. Crypto gambling sites that are legit are licensed this time. All the crypto gambling sites that I know on this forum which I researched about are licensed.

To be honest, I only trust the crypto casinos found here on this forum. I have zero trust in the online casinos downloadable from the Play Store,
which I often see promoted by social media influencers on Facebook.

Most of those Play Store casinos are actually scams. They try to appear legitimate or legal, but in reality, they are illegal operations. That’s why I only trust the crypto casinos vetted by our forum community.

[serjent05]

A gambler can simply avoid such scam situation firstly make a proper research before using any crypto casino, the internet space is so wide and broad most especially gives room for all sort of common practice for example scam attempt as op mentioned while other casinos with a good intention are still out there. The forum space here is actually a good space where you can freely choose any crypto casino, definitely when troubles comes the support system are available to help except the casino is built by scammers. The physical casino set as an example is also not safe 100% as op mentioned, the physical casino deprive people from their wins still so it’s left for a gambler to make research first and choose wisely where to deposit funds and not.

Aside from this, make sure to notice the signs of a scam casino.  According to the article: https://egamersworld.com/blog/common-online-casino-scams-and-how-to-avoid-them-g-oudb89VtT these are the common traps of a scam casino:

Game Fixes: When Luck Fails You : In this, the result is manipulated, the suspicious platform manipulates the result in favor of the platform heavily, making winning to impossible.
Phishing: The Temptation of Offers Too Good to Be True:  This triggers the greed of the gambler, casinos often entice gamblers of too good to be true promises making them open the given link where the information of the player is being phished.

Fake Bonuses and Deceptive Offers: The Easy Bait: it is stated that this one is when the casino offers bonuses and promotions with high wagering requirement,s making it impossible to meet.  I remember a local online casino I once played that offered a 120% deposit bonus, but with an insanely high wagering requirement (45x) coupled with a specific game to play.

Withdrawal Problems: When Your Winnings Are Frozen: This is where we don't want to end.  So as much as possible, we must identify whether the casino is really a legit one.  So it is best the legitimacy of the license, check whether the promotion is realistic or too good to be true, check whether the platform is transparent, should have full information about their platform and the people behind them.

[Odohu]

One thing I’d add is that many problems don’t show up at the beginning. A lot of casinos work fine for small balances and early withdrawals but issues tend to appear after repeated cashouts, larger balances or consistent play over time. That’s why reputation shouldn’t be based only on “first impressions” but on long-term user reports around withdrawals, rule changes and dispute handling.

You just hit the nail by the head and it is not surprising why it is like that; casino are in business to make money and when that money enters their platform, they prefer to keep it and if you must take the money out, they will ensure to do thorough job for loopholes that will prevent the money from living their platform. This is why big gamblers faces the biggest challenge than small gamblers. Although reputable casinos do not have problem releasing winnings when the right things have been done.

[bhadz]

The unknown casinos can manipulate a user that has deposited a large funds there, not only they're not going to release the money. They can continue to give false hope and extortion to that desperate user that want his money back. They'll continue to ask that they should deposit more amount of money for series of times until the user gets tired and understands that he's been scammed. There are many of these online casinos that people need to be careful of if they are taking care of their money. Don't forget to DYOR even in casinos, this isn't only for the cryptos we invest.

[Hazink]

There are a lot of shady casino and those who are experienced about crypto and gambling may not fall on the trap of the shady casino. But those who are not aware aboiut the shady casino may engage with those casino and become scammed by the so called casino which is not expected.

And what makes things a bit difficult for people to discover if a casino is scamming or not is when they are selective scammers, where some people go there get scammed and some others don't experience such and if any new person happens to search for them or ask anyone who just used it recently about the casino are among those who got good experience they might become victim because they don't know the casino have history of scam.

[promise444c5]

The rules are simple, play on reputable gambling site or casino. If it’s about KYC, there are also some reputable no KYC gambling casinos.. Although, I don’t know if I should recommend after what I experienced with one of them but there are reputable ones, just make sure to do your research before depositing any thing. 
Not too concerned about KYC then you can just hop on most recommended ones, quite popular than no-KYCs

[terrific]

The rules are simple, play on reputable gambling site or casino.

Yes, this is simple as that.
If you don't know the casino, avoid them and do not deposit.
I don't understand the other gamblers that fell for these types of casinos. They deposit huge amount of money.
That's pure greed and probably they've seen they were offered with large amount of bonus and that might be the reason why they fell and becomes a victim.

[Davidvictorson]

Once you have a device that connects to the internet you are a potential target for scammers and hackers. You do not get to choose if you want or want to. And it doesn’t get easier which is why we must be very careful. As for falling for gambling scams, honestly, once a person puts their greed level in check they’ll become almost invisible to scammers. It is mostly greed that makes players hop from one casino to another looking for the bonuses and promos . And they open themselves and their devices up to scammers . Well done to the OP for bringing this up.

[BitMaxz]

It seems he's just giving advice not to gamble to any online casino because online casino can be go out and vanish and brought all customers' money.
Well, if everyone is using unreputable online casino then they will end up being scammed, but not all casino are scams.
You just need to choose a better, trusted and reputable casino to gamble at. Like others said, look for a trusted online casino that is legally established. We have lots of trusted online casinos here on the forum you can just ask other forum members here which one should be trusted and I'm sure they are going to provide you a list of them.