The recently appeared cryptocurrency known as Bitcoin is used now by many organizations in different social spheres. Unlike real currency, this one is not centralized. Thus, every owner of crypto coins knows how it’s important to secure bitcoin wallet or any other information that is connected to the mining, depositing, exchanging, etc. It can be done using cryptokeys but also with the additional software.
The security of top bitcoin casinos for whales is a secondary question, which doesn’t concern currency that is going to be used, but rather betting room itself. The first and the main question is about safety.
Here are several tips on how to protect tokens from frauds:
- Keep wallet secure in several steps:
– make backups from time to time. It will keep virtual funds safe from undesirable and risky situations;
– encrypt your wallet. Making backups is not enough. All the information has to be encoded;
– use only reliable passwords. Be sure they contain numbers, symbols and special characters;
– keep several wallets. You can have as many of them as you want. But always keep in mind that managing all of them is harder. Offline or cold storage is considered more reliable as no network connection is needed.
- For a proper work and security, your software has to be updated;
- Use special programs to maintain digital currency transactions in anonymity.
How to Make High Roller’s Finance Protection Stronger?
Turning back to the online gambling, it should be admitted that bitcoin rooms have advantages over the usual online ones. No fees are applied, no third party involved in money transferring, and pretty fast transaction performing.
Since tokens aren’t regulated by law, and there are only a few licensed BTC operators, it’s worth to think about how to choose secure service.
- Before registration, take a look at player’s reviews. They can tell a lot, even if it seems that a betting house is trustworthy.
- Watch out fake casinos, which basically claim to make the first deposit before creating a personal account.
- Pay attention to the presence of 24h customer support. If there is an online chat, ask some questions.
- Follow up the gaming process. Do not bet too much, try to withdraw first winning.
- Reputable software provider means qualified programs and increases website rating. So, pay attention to this.
Online player’s accounts are protected by a software and applications used by a virtual club. Usually, well-known and trusted soft providers ensure strong protection from viruses, hacker attacks or any system’s failures.
According to the internet security standards, digital encryption of data should be no lower than SSL 128-bit.
Gamble in Legal High Roller Bitcoin Casinos
Licensing of online gambling activity depends on existing laws. In most countries, regulation entities not only deny cryptocurrency usage but also forbid opening igaming sites on local hosts. Therefore, organizers of such an activity place their online casinos in internet space of other countries, where such activities are allowed (Costa Rica, the Isle of Man, etc.).
Why is it so important for an online bitcoin casino to be licensed? Looking at the fact that bitcoin is decentralized currency, players, especially high rollers, would like to avoid financial risks. A license gives a guarantee in this case.
Choose Reliable Wallet
Before choosing the most appropriate among different wallet providers, let’s take a look at their types. Surely, all of them have both pros and cons, but despite this, everyone can choose the most suitable one.
- Desktop wallet functions on a desktop and can be accessed offline. Various developers (Bitcoin Core, Multibit, Armory, etc.) use different features for any preference.
- Mobile – tells for itself. It’s practical, comfortable, keeps a small amount of coins, but at the same time is highly secured (Wirex, Xapo, etc.).
- Online accounts are highly accessible. The main plus is easy and fast transfers. The main disadvantage is easy to be hacked (Blockchain.info, BitGo, and others).
- Hardware billfolds are separated from PC devices; they may contain a decent amount of bitcoins, they are portable and safe (Trezor, Keepkey).
- Paper wallets are undoubtedly safe from hackers, but at the same time can be easily destroyed or lost (BitAdress, BitcoinPaperWallet).
High Roller’s Money Safety is on His Own
Legitimacy, trustworthy software, devices and program applications for money storage are key points while choosing the online casino. All these items are important not only for gamblers but also for online casino owners. Qualified service means success in business.
For players who would like to ensure their financial safety is recommended to pay special attention to wallet selection. Following all recommendations and tips mentioned above will help to make a correct decision.