It’s high time you took advantage of the many, many crypto casinos out there – and their generous bonuses that (most of them) offer. Anonymous crypto casinos offer many added benefits, especially over traditional providers, but there is still lots of confusion about what an anonymous casino is and what the advantages of playing at them are. Aside from not requiring KYC (Know Your Customer), some casinos offer support for truly anonymous cryptocurrencies. Others would say casinos that do not require KYC or any personal information are anonymous, and there is some truth in this, but there is more to it. But beware, even if a casino does not require a lot of information to sign up, they may still ask for your personal information later on. So while we do agree that an anonymous betting site is simply a casino that does not ask for your personal information, we would go even further in saying that casinos that support anonymous cryptocurrencies are where the true power lies.
Read through the terms and conditions to see what the casino states about KYCs or account verification if they will even ask for your details, and what informational documents they will ask you to submit. Anything else such as your name or number, or country, will eliminate your chances of an anonymous experience. With enough time and dedication, you can track the transactions and find an account or payment with a name attached to it. Faster deposits and withdrawals: Crypto deposits and withdrawals are much quicker than fiat payment methods, and often only need to clear on the blockchain before being credited into your account. Your funds are sent to a proxy address before being sent to your real address, and new stealth addresses are generated for every new transaction. Horizen (ZEN): Just like ZCash, Horizon makes use of zk-SNARKs that allow users to claim their funds without revealing their wallet address. ZCash (ZEC): ZCash allows users to make use of their advanced privacy mechanism known as Zero-Knowledge Succinct Non-Interactive Argument of Knowledge, or zk-SNARKs. Users have a one-time address for each transaction before sending it to their actual wallet address.
If users never withdraw or deposit crypto from a bank account then it could be relatively anonymous, but this is hard to achieve. The only information needed to create an account is an email address and password. These processes are usually used to verify gamblers’ age, where they are located as to avoid regulation breaches, and provide a method to access their account again in case of a hack or lost password. So to cut a long story short, any casino that asks for more than an email address, username, and password is probably not an anonymous gambling platform. Is anonymous crypto gambling safe? Anonymous cryptocurrencies can act as a secondary layer of security in your anonymous gambling journey. Playing anonymously or on casinos without registration simply adds another layer of privacy, and in these data-fueled times, isn’t that exactly what we all need? But you need to know how they do it and how you can use it. Verge (XVG): Verge makes use of the Tor network to route transactions through, hiding your IP address, and making use of their triple encryption systems. Through the use of stealth addresses, ring confidential signatures, zk-SNARKs, coin mixing, and more, you can enjoy truly anonymous crypto transactions.
Increased privacy: Playing anonymously online leaves no paper trail of winnings or online activity allowing players to keep their financial transactions strictly to themselves. Increased accessibility: Players in areas where they cannot access live casinos or are prohibited from playing online by their banks can freely and anonymously play online. As a last note, if you choose to play at a casino that may request KYC, it is recommended to do KYC before making a deposit. Some dual-currency casinos might require your details on sign up, or request KYC for withdrawals. As if they request KYC after you have deposited, or won big, and you fail the KYC- you may not be able to get your money out. On a grander scale, KYC is used to avoid money laundering. Reading the terms and conditions may seem like a waste of time to many, but it could save you tons of time, effort, and money. Most people would consider any crypto casino an anonymous betting site, but that is simply not true.