Is crypto betting legal?
Cryptocurrency is a type of digital or virtual money that is secured by cryptography and…
In many cases, casino players are switching from traditional fiat payment systems to cryptocurrencies due to the speed and cost of transfers. The ability to play casino anonymously for Bitcoins or other digital coins is another attractive side of cryptocurrency gambling. There are other side benefits of cryptocurrency gambling, but let’s focus on the privacy of the players and talk about anonymous casinos online.
At the same time, some Bitcoin casinos assure their users that they will be able to play crypto anonymously on their gaming sites. Somewhere the amount of data required to register a new account is reduced, somewhere a simplified verification is offered, or something like that. There are places that do not require almost any personal information from the user.
Against the backdrop of conventional online resources, such sites are gaining a reputation as anonymous casinos. They look very attractive to people who are unhappy with the policies of sites regarding user personal data. In addition, anonymous Bitcoin casinos allow you to save time and money on transactions, which only contributes to the growth in popularity.
What does anonymity in crypto casino games mean for ordinary players? In this article, we will try to understand the features of this approach and find out how anonymous Bitcoin and other cryptocurrencies are.
Different players pay attention to different factors. What is considered an advantage for one category of Bitcoin casino players may be a disadvantage for another. But still, there are a number of features of anonymous gaming sites that will appeal to most crypto gamblers.
If the casino does not ask for detailed information for each new user, registration is much faster. This allows you to immediately plunge into casino games without having to enter a phone number, city, street and other personal data. Often, all you need to do is come up with a username, enter an email address, and come up with a password. Sometimes even this is not needed.
There is even room for innovation here. For example, a cryptocurrency casino can automatically create a basic account for each site visitor. Such an account will have an identifier name, but the user will have to provide at least an email address in order for the account to be saved.
There is even one-click registration wherre you just need to click on the appropriate button to register. You can even enter a promo code during the process. After that, the user himself decides how to log in in the future: using ID, mail, password or two-factor authentication.
Some crypto casinos allow you to create an anonymous account without verification, but require this data later. The visitor can quickly register and start playing for free. With such a profile, he / she will be able to launch casino games in demo mode with free “fun” currency. But if he wants to make a deposit, he will still have to provide a number of personal data.
The speed of payments depends on many factors, including technical features and whether or not you have to enter additional data for the transfer. If a cryptocurrency casino does not ask for personal information during deposits and withdrawals, this can significantly speed up the process. Moreover, many cryptocurrencies already provide lightning fast transactions.
Anonymous Bitcoin casinos do not require verification during registration. This brings the site visitor much closer to the casino games. He does not have to spend several minutes entering data or even uploading images of documents. No, it only takes a few moments to create an account and you can play slots and table games anonymously.
Such a privilege is available even on hybrid portals, where you can play for both cryptocurrency and fiat money. To do this, when registering, you must select one of the cryptocurrencies available in the online casino, such as Monero, Solana, Stellar, etc. If you have any difficulties, you can even contact the support service and announce your intention to create a purely cryptocurrency account.
Crypto casinos with anonymous registration often provide users with more favorable gambling conditions. Basically it is an increased return to player percentage, bonus money with a low wager, provably fair casino games, zero commissions or something like that.
There are rumors that bookmakers with anonymous registration offer increased odds for their users. They really can differ, but it is difficult to talk about an advantage in one direction. Bonuses are another matter: crypto sports betting sites often offer their users mind-blowing promotions and all sorts of special offers.
Some crypto casinos and sports betting portals do allow their users to make deposits and receive payouts with little or no personal information. In this case, we can really say that they provide the opportunity to play on Bitcoin anonymously. But is Bitcoin completely anonymous? The most inquisitive will probably want to figure out where the anonymity of BTC transactions ends.
With the exception of Lightning Network payments, all transactions in the Bitcoin network are stored in a decentralized database, that is, in the blockchain. Together with each transaction, the wallet addresses of the sender and recipient are stored. Since this is a blockchain, the data gets there once and for all, without the possibility of removing or modifying anything.
This also means that the activity of a bitcoin wallet can be tracked. This is not the easiest task, but there are special programs and resources with the appropriate functionality. Therefore, if the wallet is “tied” to a specific person, you can find out from the transfers what else this person spends Bitcoins on.
But in reality, your employer or family members are unlikely to go that far. Such tracking requires considerable technical skill. Therefore, it turns out that Bitcoin and similar cryptocurrencies allow you to spend time playing casino games and maintain anonymity to a certain extent.
If creating an account does not require personal information or even user identification, such a casino can be considered an anonymous casino.
Cryptocurrency payment methods simplify transactions between a client and a gambling site, which is why many cryptocurrency casinos do not require verification from visitors to create an account on the site.
This is a significant plus for users. Here, both the confidentiality of personal data and the convenience of staying on a site with games for bitcoins play a role. In addition, many people are distrustful of resources where they ask to take a photo of a passport or other important documents. Therefore, crypto casinos are interested in simplifying or minimizing such procedures.
The ability to play anonymously extends to all popular Bitcoin casino games. Users get access to video slots, poker, blackjack, roulette, baccarat, dice and other exciting applications. And some portals also allow you to make anonymous bets on sports, e-sports and virtual games – from motorcycle racing to dog racing.
The comments of the representatives of the portals, as well as the information indicated on their websites, helped in compiling the rating of anonymous online casinos. All the mentioned resources have received a license to conduct their respective activities.
Bitcoin is considered to be pseudo-anonymous. The degree of transaction privacy it provides is more than enough for cryptocurrency gambling. But compared to some of the later coins, BTC still loses, as blockchain analysis allows you to track transactions.
After Bitcoin, cryptocurrencies appeared, which were originally created with an emphasis on maximum privacy of transfers. To do this, they decided to use advanced cryptographic protocols and all sorts of ingenious mechanisms to increase the secrecy of transfers between network participants. Below are the most private cryptocurrencies that can be found in online casinos.
The Monero cryptocurrency provides several mechanisms at once that make transfers anonymous. These are “ring signatures”, hiding metadata, one-time addresses and passing traffic through anonymous nodes.
New crypto casinos are not as willing to implement Monero support as they used to be. But XMR still remains quite a popular payment method among players.
Zcash is a cryptocurrency whose creators managed to implement transaction confirmation without disclosing the sender and recipient addresses, as well as the transfer amount. For this reason, many consider ZEC to be the most anonymous cryptocurrency. It’s funny that more than 99% of Zcash users do not use transaction anonymization.
The privacy of Zcash transactions is ensured by the zk-SNARK cryptographic protocol, which was developed specifically for this project. This digital currency is accepted in several major crypto casinos but is not very common. See the list of Zcash casino sites here.
Mentioning anonymous cryptocurrencies, many unfairly ignore the Dash project. Dash is often found in crypto casinos and may even overtake Monero and Zcash in popularity.
Dash is based on the Bitcoin protocol, but with significant changes to improve the speed and privacy of transactions. For this, a combination of several cryptographic algorithms is used at once. The Dash client has a built-in PrivateSend feature that shuffles transactions.
Recently, Verge (XVG) has begun to rank among the most anonymous cryptocurrencies. This project uses TOR and I2P technologies, which are familiar to all privacy advocates in the global network. A handful of crypto casinos already allow you to play on Verge, but others are just beginning to look into this payment method.
However, increased privacy sometimes fades into the background. The other day, the Verge network was subjected to the third “51% attack” in a row. In addition, in 2018, there were rumors about the IP addresses of XVG users being leaked.
For many cryptocurrencies, updates are being developed that can increase the privacy of transactions. So, in the spring of this year, the MingleJingle protocol will be launched on the Litecoin test network. It provides for the absence of address binding to wallets and transactions. Zcash and Monero will receive updates to Halo 2 and TRIPTYCH, which are also aimed at increasing privacy.
For Bitcoin itself, a Taproot update is being developed. As the biggest BTC update in years, Taproot should improve performance, convenience, and privacy for network members. With the potential to make Bitcoin transactions more private, the community is looking forward to this update.