As you most probably know, attempting to gamble with a traditional fiat currency can be somewhat tiresome. You are required to hand over a significant amount of private data just to get started, and then when it comes to withdrawing your winnings, you then need to submit substantial amounts of sensitive documents such as your passport, bank statement and a copy of your credit or debit card. Not only this, but fiat casinos also restrict certain nationalities from accessing their services – period. Nevertheless, the introduction of crypto casinos has created a sea-change in this draconian way of doing business, by creating a platform for anonymous gambling.
Why do players desire anonymous gambling?
Globalization has made the world a much smaller place, with governments becoming more and more intrusive. Whether it’s your bank, social media provider or local tax office, your data can be accessed at the touch of a button. However, when you go to your local restaurant, how would you feel if you were asked to supply your full name, date of birth, address and telephone number before you ordered? Then, before you are able to eat, you are asked to hand over your ID, proof of address and a photocopy of your payment card? It sounds insane, right? However, this is no different to how traditional online casinos operate. Although the vast majority of players have nothing to hide, there is an element of resentment to supply private information just to spend one’s own money.
Recognizing these frustrations, crypto casinos provide the framework for anonymous gambling. In most cases, all you will need to provide is an email address, which is needed in case you forget your log in details or you need support.
How can crypto casinos offer anonymous gambling?
To be fair to traditional online casinos, the intrusive measures that they enforce on players is mostly down to domestic regulations. For example, in the European Union, all 28 member states must apply enhanced customer due diligence by law. To further amplify these regulatory burdens, license issuers such as the UK’s Gambling Commission put increased pressure on operators to make sure they comply. Scared to lose their license, operators take these requirements one step further by demanding “ID selfies”, or simply freezing accounts.
However, the key point here is that cryptocurrency is not classified as real-world money. Whether you are depositing Bitcoin, Ethereum, Litecoin or any other digital token, your transaction does not fall within the remit of government legislation.
How does anonymous gambling work?
When you use a conventional payment method such as a debit card, it is fundamentally linked to your identity. In this sense, you are providing your information just by using it. However, when you deposit using a cryptocurrency like Ethereum, all you are providing is a wallet address containing a long list of alpha-numeric characters. This address is not tied to any real world identity, as it belongs to whoever has control of the private keys. This is why crypto casinos do not require any private information.
Moreover, when it comes to withdrawing your funds, the coins are just sent back to the wallet address you provided. One of the most common complaints we have come across is that when using a debit card, both the deposit and withdraw appears on a player’s bank statement. Unfortunately, in certain sections of society, gambling is often frowned upon. Imagine trying to get a mortgage for your first house, and the bank manager asks to see a record of your spending habits. Although we appreciate that gambling is a fun activity enjoyed by the masses, it might appear that your spending is considered reckless. In reality, this is just one example of why you should have access to an anonymous gambling platform.
What if I am located in a country where my government prohibits online gambling?
Not all of us are located in nations that embrace gambling. For example, those situated in the United States have had very limited access to online casinos ever since the Bush administration outlawed it in 2006. Upon scrawling through the many fiat casinos on offer, you will more than likely see something along the lines of “No U.S. Customers”. However, crypto casinos do not discriminate against nationality. In fact, you most probably won’t even be asked to specify where you are based.
Even more oppressively, nations such as China, Malaysia, Vietnam and many, many more restrict their citizens from accessing online casinos by blocking the IP address of all gambling related content. Fear not, by utilizing an anonymous browser, which obscures the true location of the user, players can circumvent these draconian restrictions.
A truly free market
In line with the ideology of free markets for all, by facilitating anonymous gambling, crypto casinos allow people to spend their money how they see fit. No longer do players need to supply countless amounts of documentation just to deposit, stake and withdraw funds. Instead, by using popular cryptocurrencies such as Bitcoin and Ethereum, seasoned gamblers can transact anonymously, much in the same way you would expect to in your local restaurant!