Anonymous Gambling: How Cryptocurrencies Protect Your Privacy
Whether you want to keep your occasional roulette game discreet from your partner or want to avoid some legal and geographical restrictions, crypto casinos are a good choice.
Cryptos, as a payment method, offer a level of privacy and security that no other banking option can match. Gamblers using BTC, ETH, or any other currency are digitally cloaked, and their personal info is not just there for any person or investigative agency to see and access.
In our article below, we discuss the ways in which crypto is private and keeps you anonymous, and we share helpful tips to help you maximise your protection and anonymity.
What Makes Crypto Private?
Popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin are decentralised digital currencies. This basically means a central authority, such as banks, doesn't control them. Because of this, they don't require your real name, address, or personal information to be tied to your crypto wallet. In other words, crypto transactions are pseudonymous, and you can deposit and withdraw money from the casino without revealing your true identity.
Metaphorically speaking, crypto doesn't make you completely invisible in everything you do. It is closer to being well-disguised in a vast ocean of other people like you. There are ways to trace your transactions and reveal your identity, but compared to traditional casino banking methods like wire transfers and e-wallets, it is several times harder.
How Cryptos Protect Your Privacy at Online Casinos?
Usually, privacy was not something that goes hand-in-hand with casinos, but luckily, crypto changed all that. Players prefer the privacy of crypto for many reasons – personal finances, location restrictions, or simply not wanting their government/authorities to have this info on them.
In fact, there is a list of countries that have imposed banking hardships, even for casual and completely unproblematic casino players. For example, banks in the UK, US, Australia, and Germany, amongst others, consider gambling to be a financial risk and, therefore, not favourable for getting bank credit.
Luckily, crypto overcomes all these obstacles. Since crypto transactions are hardly traceable, it is virtually impossible for anyone to monitor your transactions and create completely unnecessary problems for you.
Another important aspect is the overall security. Online casinos, despite having modern encryption, are still prone to hacking and data leaks. Using crypto instead of your credit card minimises the risk of possible exposure to your financial and personal data.
Best Practices to Maintain High Anonymity Online
Crypto banking is a tool that helps you maximise your anonymity while playing at online casino sites. However, they are not the only thing that maintains high anonymity. In addition to using crypto, we suggest following the next few steps to ensure you are safe and incognito when gambling:
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Use VPN
A Virtual Private Network, commonly known as a VPN, is used to hide your IP address. This, in addition to using crypto, can help you minimise your digital footprint and make it even harder for anyone to trace your activity and transactions back to you. Paired with Bitcoin and other crypto options, VPN is an excellent way to go around location restrictions. One such great casino we recommend is Playbet.io, which is entirely VPN-friendly.
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Use Multiple Crypto Wallets
Compared to using only one wallet for all your transactions, using multiple wallets strengthens your anonymity and privacy online even more. If tracing your digital footprint is very hard with one wallet, imagine how much harder it is when you use multiple wallets. This approach takes some extra time and investment, but for the greater goal of anonymity, it is worth it.
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Withdraw To Your Wallet Directly
When you play at online casinos like Genie Jackpot, which has a massive maximum withdrawal amount and Playbet.io, which doesn't even have a maximum withdrawal limit, you can really take advantage of the withdrawal process.
We recommend withdrawing directly to your crypto wallet instead of using a third-party service because the route you take this way creates a slight possibility of tracking your digital footprint.
Of course, you can also use third-party exchanges, but make sure to use a reputable one that doesn't have its own tracking system.
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Be Careful With KYCs
Crypto online casinos, although more private, still require KYC procedures. These are processes mainly established to avoid money laundering. In fact, this is a sign that the casino is regulated and follows the AML regulations and laws.
Even top-ranking brands like Genie Jackpot have KYCs in place. However, when playing at a safe casino, you shouldn't be worried about your private info. The casinos often have top-notch security with modern SSL encryption for all personal info.
Are There Other Anonymous Alternatives
We all have our own reasons for needing privacy – especially when it comes to discreet activities like gambling. Luckily, crypto has offered an innovative and groundbreaking system that allows us to feel safer when playing casino games online, knowing that we don't have to rely on traditional banking systems.
It is still unclear whether anonymity will increase in the future, but it is certain that crypto casinos offer greater protection of privacy compared to any other type of casino or sports betting site. And, if you use crypto casino banking wisely, you have absolutely nothing to worry about. It really is as safe and private as it gets.
Bonnie Gjurovska
Crypto Expert
Bonnie Gjurovska has been a gambling enthusiast since 2017. Her crypto journey began in 2019 when she first read a Twitter post. She then purchased Verge and Bitcoin as her first cryptos and developed a deep interest in blockchain, DeFi, NFTs, altcoins and protocols, scouring forums and communities for sharing knowledge. She is a strong believer in decentralization and digital economy, which stems naturally from her legal educational background.
