If you want to have fun playing casino games from the comfort of your home, then playing online is your best bet. What’s more, playing away from others will protect you in the event of a health crisis.
The modern way of conducting transactions in a casino involves the use of cryptocurrency. Since it uses a decentralized system and billions of people have access to the virtual platform, there are some security concerns associated with the use of cryptocurrency in gambling. Keep reading to learn about proven tips for keeping your cryptocurrency safe when playing at online casinos.
1. Strong passwords
Yes, remembering a strong password can be a real challenge. While it’s tempting to use an easy-to-remember password like birthday, your account becomes vulnerable to hackers.
To improve the security of your account, use long passwords containing symbols, punctuation marks, and upper and lower case letters. Using different passwords for different devices doesn’t hurt, nor does it hurt to keep your passwords updated regularly.
It may seem like a daunting task, but there are many password managers out there to help you remember all these passwords.
2. Multi-factor authentication (MFA)
Closely related to the first point, this adds a layer of protection in addition to passwords. When you enable Multi-Factor Authentication (MFA), the app will ask for additional proof of identity after you enter your password. This could be a fingerprint scan or entering a code sent to a secure device.
Most cryptocurrency platforms support at least two-factor authentication (2FA), which sends a code to your phone or email. The code changes every 30 seconds to prevent any future attempts to use it.
3. Choose a secure casino.
One of the best ways to keep your cryptocurrency safe is to play at a secure casino. Do a background check, making sure he has a valid operating license issued by a reputable organization such as the UK Gambling Commission or the Malt Gaming Authority.
Finally, make sure the casino has an SSL certificate. If it has “https” and a padlock at the beginning of the address bar, it means your information will be encrypted and protected.
4. Use a secure internet.
You probably already know that you shouldn’t use public Wi-Fi when dealing with sensitive information on the Internet. Use a secure and stable network if you want to secure your cryptocurrency.
Unsecured networks open up access to your cryptocurrency for hackers who can use vulnerabilities to steal it and inject malware.
5. Do not repeat the cryptographic address.
After securing the winnings, you must provide the address where they will complete the cryptographic transfer. While the whole point of the address is to ensure anonymity, when you offer the same code to the same casino, someone could use it to identify you.
Providing the same address makes it easy to track all of your winnings, and since trackers target people with high bottom line, you become a target. In addition, you put others at risk because the address creates a transaction path between the sending and receiving parties.