With the massive rise in the use of cryptocurrencies, anonymous Bitcoin betting has become quite a popular trend as well. The best part about betting with Bitcoin, Ethereum, Ripple (XRP), Litecoin, etc., is that it completely bypasses the need to involve intermediaries for making financial transactions, thus, providing some autonomy and financial freedom.
The use of cryptocurrencies has also allowed players to avoid sharing personal information on online gambling platforms, therefore, maintaining a higher level of anonymity. It has enabled people to enjoy betting without worrying about censorship all over the world.
To find out more about the top-notch anonymous casinos these days, keep reading below as it contains all the information necessary before you mount on your anonymous betting journey.
Anonymous Bitcoin Casinos
Here, we have a carefully selected list of all Bitcoin-accepting casinos for both withdrawals and deposits while offering a high degree of anonymity for all their users.
Warning and Disclosure
Along with the various benefits of using cryptocurrencies to perform anonymous online betting, it does come with some critical warnings. For example, betting may be illegal in your country, and casinos accepting players from unapproved countries may be doing so illegally. In the case of a casino shutting down, players can lose a large number of their funds.
Also, while using cryptocurrencies, you are burdened with an immense amount of responsibility, and you may face significant losses. It happens because anonymous casinos are usually unregulated as they do not have the middlemen to keep check and balance anymore.
Truly Private Type of Betting
Now, even though players are not required to hand out their sensitive information anymore, yet there are some things worth knowing such as how there are two significant forms of anonymity achieved with online betting using cryptocurrencies:
- No Registration Required:
There are different kinds of casinos. Most of them ask for your email address and username, while a handful of casinos do not require any details at all.
Those casinos do not ask for private information. They generally provide a private and secure key in the form of a web address unique to each player. This key is the access and entry gateway for players and does not require any username or email address.
- Choice of Cryptocurrency:
Many people have been misguided that Bitcoin’s use does not leave a trail behind and is the best cryptocurrency for anonymous use. The truth is that Bitcoin is associated with a transparent ledger that has an ‘Unspent Transaction Output’ (UTXO) paper trail. Even though people are not required to provide any sensitive details while carrying out transactions using Bitcoin, yet all their transactions with other parties or merchants can reveal their information and help identify them on the blockchain.
Bitcoin has certain limitations, too, which prevent it from becoming purely anonymous. However, some amount of anonymity can still be achieved. For every payment to be sent or received, a user must create a new address that is devoid of any history. The only problem here is that even though this technique may be taken upon by wallet providers, yet they are not anonymous, which defeats the purpose.
Another privacy coin that is known as ‘Monero’ is preferred by users for its higher level of achievable anonymity in the gambling industry. The ‘Ring Confidential Transactions’ (RingCT) protocol is implemented with the use of Monero, which is capable of completely wiping out the details of all payments made from the blockchain. It is coupled with the necessity of a unique address that is automatically generated and can be used only once, makes Monero a more definite contender for anonymous online betting.
Users can decide upon whether they prefer Bitcoin or Monero casinos after reading through this page. The ideal method of attaining the highest level of anonymity would be via the selection of a casino that only asks for minimal private information coupled with a secure and stable cryptocurrency.
Virtual Private Networks (VPNs)
A reliable and highly functional VPN can be used to maximize a player’s anonymity as VPNs work by rerouting the user’s location. Thus, the location of the user will not be revealed in any way. Most of the casinos usually tend to rotate and delete their logs containing the IP addresses of all the users. However, nobody can be too sure about placing this much trust in their chosen casino.
As IP addresses are easily traceable and can provide accurate locations about the users, along with their connection with an ISP, this is the easiest way of losing all your privacy and security in no time.
For the most satisfactory and fail-proof experience, players should ensure to use a good VPN every time they indulge in online betting. With the multiple security layers added by the use of a VPN, all IP addresses can be simply masked, which eliminates the chance of anybody finding out the locations and details of any users.
Is Bitcoin anonymous?
The misconception that Bitcoin is an entirely anonymous cryptocurrency still exists. A few companies are dedicated to investigating and revealing the identities of users who perform blockchain transactions.
There have been several cases where such investigations were carried out, ultimately revealing many personal identities. For purposes of convenience and simplicity, it is a smarter move to use the currency Monero instead of Bitcoin for ideal anonymity.
What are the most private cryptocurrencies?
With newer cryptocurrencies rising to the surface, more stubborn and more robust privacy features are being added to their use. Some of these prominently include Monero, Grin, Zcash, and many more. It might be a while before Bitcoin also starts implementing the latest and best privacy features as well.
Is it legal to gamble at an anonymous casino?
The most important question here should be whether your jurisdiction falls in the legally allowed jurisdictions for the particular online betting casino or not. You must conduct ample research and attain surety regarding this matter for your specific jurisdiction.
Can I Play at an Anonymous Casino without Registering?
Some casinos do not ask for any sensitive information at all. It eliminates the necessity of registering in the first place. However, these casinos still do have a higher level of risks associated with them. You can reach the complete list of casinos here that do not require registration.
Do I have to use a cryptocurrency to remain anonymous? What can’t I use US Dollars?
The use of fiat currencies such as US Dollars, Pound Sterlings, Euros, etc., is being carried out via central organizations or bodies that have the authority to hold back transactions and even censor them. For avoiding this hassle, it is advised to use cryptocurrency for anonymous online gambling.
As there is no need for permission for the expenditure of cryptocurrencies and because they are ‘peer to peer,’ using them for online betting is the sanest and smartest choice.