Thanks to all the technological advancements in past years, more and more of our lives happen online. Therefore, protecting our privacy online has become one of our main concerns, especially for those involved with cryptocurrency trades.

However, this is impossible when using conventional online casinos because you must submit personal data that goes well beyond your name and email, such as your ID, proof of address, and even bank information.

Thankfully, there is a lesser-known alternative where you can do virtually the same: anonymous Bitcoin casinos. These casinos use blockchain technology, allowing you to play without compromising the security of your personal information or money, as you can be completely anonymous.

Please keep reading to learn more about these casinos and how they work.

How Do These Casinos Work?

Bitcoin gambling has revolutionized the world of online casinos. True anonymity at online casinos wouldn’t be feasible without cryptocurrencies because conventional forms of money are associated with a specific individual and regulated by governments and financial organizations.

Although Bitcoin is not an anonymous payment method, it allows you to gamble online without providing personal information.

Are All BTC Casinos Anonymous?

Sadly, not every Bitcoin casino offers complete anonymity. In reality, thorough KYC checks are common at many Bitcoin casinos nowadays to avoid several fraudulent activities that tend to happen in unregulated casinos. Therefore, they will never be completely anonymous.

There are many levels of anonymity that Bitcoin casinos can provide, such as:

• Licensed Bitcoin casinos cannot ensure your privacy because they must adhere to the rules set out by their regulatory body.
• Casinos and Dapps without a license ask for personal information during registration but don’t do extensive identification checks.
• Casinos without registration let you pay and play using your wallet without disclosing personal information.

What If I Want Anonymity from a Licensed Casino?

Our best advice is to never use unlicensed casinos that are accepting Bitcoins. However, you will rarely be able to gamble in licensed casinos without providing at least some of your data.

Casinos may be required to request at least some personal information, even though some licenses can be less strict about customer verification.

Authorized casinos can also withhold your money if you fail to supply personal information when requested or register with fake data.

However, as long as you don’t use fiat currencies, cryptocurrency casinos, whether or not they have a valid license, are always more anonymous than conventional casinos. This is due to the decentralized nature of cryptocurrencies.

Is It Advisable to Use a VPN?

If you’re playing at an unregulated casino, using a VPN may be a viable solution to gamble if your local laws forbid you from using those platforms. However, to avoid getting your account closed and your money stolen, you should be informed of the hazards and never do so at an authorized casino. If you get caught using a VPN or lying about your location, the chances are that you will lose all your money.

Pros and Cons of Anonymous Casinos

The best choice if you wish to play online secretly is an anonymous Bitcoin casino.

Nonetheless, that isn’t the only benefit you’ll get from using these casinos. Some of the most common advantages of using blockchain technology in online casinos are the following:

• You can independently check each round’s result in provably fair games. Nevertheless, most casinos do not offer these games.
• Anonymous Bitcoin casinos provide quicker and less expensive blockchain transactions, as you won’t waste time with KYC requirements.
• Active players may get a portion of the total earnings in gambling Dapps.

However, these casinos have several things that could be improved, and you must know them very well before using them and potentially risking your money.

• The lack of a license is the first major drawback of anonymous Bitcoin casinos.
• Provably fair games are less common than standard online casino games.
• Since they must adhere to local laws, mainstream casino suppliers frequently choose to deal with fully licensed casinos.
• Incentives are provided at a lower rate since casinos run a greater risk of attracting bonus abusers and money-laundering schemes.

It’s crucial to remember that many anonymous Bitcoin casinos now provide a full gaming experience with a wide selection of games and bonuses. You can be anonymous without missing out on standard casino features if you choose the correct blockchain casino.

The Problem with Unlicensed Casinos

Consider a scenario where you think a game round’s result is unjust. If you have a complaint against a casino with a license, the regulator will look into it, and the casino may even be penalized. You cannot do this if things go wrong at an unregistered casino. Therefore, you will lose your money.

Gambling Dapps

Perhaps the most anonymous form of gambling is through decentralized casinos, also called gambling Dapps. Blockchain technology is used to create these casinos, which tend to be unregulated, offer strong security measures, and ensure game fairness.

One fantastic perk of these casinos is that you can withdraw your winnings immediately after the game is done. The traditional way most online casinos work is by making a deposit which cannot be withdrawn unless you play some games. With Dapps, you can connect your cryptocurrency wallet to the casino and use its funds to play without making extra transactions.

This strategy is more practical and guarantees that the casino won’t mess with your gains and cause you to lose money.

Bottom Line

The conclusion of all of this is that, sadly, you can’t gamble at 100% anonymous casinos without compromising something else. In most cases, you must choose between security, reliability, and game variety or anonymity.

Although unregulated casinos are extremely tempting, as they don’t ask for your personal information, they have too many drawbacks and are a potential hazard to your gambling experience.

You can always search for regulated casinos that allow you to keep some degree of privacy, but this won’t always be possible. Therefore, you must evaluate what’s more important for you regarding your gambling activities.

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• Source: Plato Data Intelligence: PlatoData.io