Best Practices for Staying Safe When Gambling - page 26.

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Quote from: alinknila on September 22, 2023, 10:10:27 AM

This is the place to share the best ways to stay safe while gambling
Unique and practical ideas will be summed up in the list below. As a starter, I will list mine.

Best security measures

Enabling 2FA
Do not buy gambling accounts - by Oshosondy
Only use money with a verifiable source - by Lucius
Play in reputable and trusted casinos - by Plaguedeath
If you're worried about KYC, read the casino's terms and conditions before proceeding - by so98nn
Use a separate email for gambling - by Zlantann
Do not leave large sums of money in casinos - by Zlantann

Do not share your login credentials to anyone - by Nrcewker

Best Responsible Gambling measures

Setting a loss limit
Setting a gambling budget
Only gamble what you can afford to lose - by CryptSafe
Do not leave large sums of money in casinos(applies to both security and avoiding addiction) - by Zlantann
Always convert bets in crypto to your local currency to understand the value - by edmundduke

And remember - Have fun and gamble safely

All these are helpful tips that will help us remain safe while gambling, i also see this as an important guide for the newbies to learn and set their mind thinking right on how to be a successful gambler, as for the experienced gamblers who have been addicted to gambling as well, this could be a remedy to cure part of their addiction tragedy and move on with gambling the normal and expected way, when we subject ourselves to learning, we are going to have maximum benefits that comes in through what we do than we see the side effects in it. [/list]

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Quote from: alinknila on September 22, 2023, 10:10:27 AM

Do not leave large sums of money in casinos - by Zlantann

I have experience with this and I also never recommend anyone leave their money in a casino especially if it is a large amount of money, make sure to withdraw any winnings and leave some to play with so that when the site goes bankrupt and leaves the business, you will not experience major losses or If you want to stop gambling and leave the casino for a long time make sure to withdraw all your money in that casino.

Quote from: alinknila on September 22, 2023, 10:10:27 AM

And remember - Have fun and gamble safely

Actually, of all the things listed above, the most important thing before gambling are these words, always remember that gambling is just for fun and not gambling for money, let alone big wins, so make sure you gamble wisely so you don't go beyond the limits and end up experiencing Addiction will certainly harm ourselves in the future, gambling must be responsible by always using money that is ready to lose. understand every risk when gambling

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I guess one of the essentials right there is to make sure their phone and email number were created on that account so the possible hacker didn't compromise those and possibly steal funds, others a lot of layers of security are given by the casino but of course, people are lazy to seek it and use it and afterward they raise an issue they got hacked, or lock by the casino due to this possible incident of stealing of information. Also for me the best is to don't store most of your funds into your casino again we know your active and tired to transfer but again its not your funds unless you have the asset withdrawn to their platform. Dont use the casino as wallet like were saying in exchange.

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Quote from: Wiwo on September 22, 2023, 05:03:18 PM

2FA security and never connect your wallet that have your entire funds to online casino that are play in which requires you to connect your wallet their risk of gaining unauthorized access to your wallet is higher and you may lose your entire balance through such act.

More also since the popularity of cryptcucrency casino have increased and a lot of new casinos are coming up, it is important to only play on casinos that we know have the reputations and abilities to secure are funds on them and avoid running after bonuses since that is the fastest way to get scammed by shade casino because we have a lot of them around.

Every time you access a gambling site there will always be a request to activate 2FA and I sure everyone will do it as one of the easier efforts to minimize the security of the accounts we have but when it comes to connecting wallets to casinos it seems like gamblers will never do it.
Except that what is used is a web3-based casino and currently lots of web3-based casinos are popping up.
If you really want to play by connecting your wallet to the casino it a good idea to use a spare wallet that we made specifically for gambling to avoid bad things like asset theft.

There are more than 5 of the largest and most trusted casinos and even have a very good reputation so we will never be confused in choosing the best casino.
Trying new things from other casinos may add to your experience but we have to be smart in choosing new sites.

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Enabling 2FA is a security measure recommended by casinos so that we can rest easy and don't have to worry about hacking gambling accounts. Usually, that's what gamblers who care about their accounts will do, especially those who often use more money.

But for the average gambler, many of them still haven't activated 2FA because they think it's unnecessary. After all, they don't keep large amounts of money in their gambling accounts. They just want to come to the casino, gamble and leave the casino.

Setting a loss limit is necessary to reduce the number of losses we will experience. By setting limits, we can also avoid gambling addiction so we can enjoy gambling as entertainment.

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Quote from: alinknila on September 22, 2023, 10:10:27 AM

Best practices

Enabling 2FA
Setting a loss limit

Have fun and gamble safely

Aside from this, make sure that you also secure your email account with the 2FA security so you'll be more secured.
Aside from having fun we should ensure our safety when we gamble and yes we should also have our limits because its more reasonable to gamble when you stay within your limit. Choosing the right site is also advisable and make sure to follow their terms and conditions. Every gambling site have their own unique feature, make sure to explore it.

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What do you mean by safe? Safe from getting the funds lost? Or safe from leaking your information that you provided to the casino while doing KYC? If you wants your funds to be stored safely, then don’t share your login credentials to anyone. Enabling 2FA also helps to secure your account with another level of protection. Now regarding the data leak, then only join the casinos which are trusted and have good reputation. If possible avoid casinos where KYC is mandatory.

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Quote from: alinknila on September 22, 2023, 10:10:27 AM

Best practices

Enabling 2FA
Setting a loss limit

Setting up a 2FA should always be a good practice for our personal online accounts regardless of gambling account or not.

Although there are some cases of flaws and hacking incidents despite having an activated 2FA, it should always be considered as an extra layer of protection on our online accounts. In that way, even if someone already made it to the point of accessing our account, they can't just change or modify anything there because it requires a 2FA approved first.

Regarding setting a loss limit, I doubt it will work for most gamblers. Setting up a loss limit will just make them gamble more once it reaches the limit since the eagerness and temptation are always there to bounce and recover from losses. For me, just force ourselves to keep responsible and disciplined at all times.

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Quote from: Jemzx00 on September 22, 2023, 06:58:54 PM

Quote from: Oshosondy on September 22, 2023, 10:17:22 AM

I like 2FA, it adds another layer of protection. There are some gambling sites that do not require KYC, people should know that losing the 2FA backup can lead to loss of their gambling site account that they enable it. But it helps against hackers.

2FA is really a good extra layer of protection not only to any online gambling account but in general to all any other online account. However, there's way to bypass it if ever someone lost their 2FA device on most platform such as verifying through email or doing a KYC verification proving that you're the owner of the account. But yeah, it helps alot against hackers.

As for me, my best practices that I usually do when gambling apart from what's already mentioned is to set up a budget when gambling and a backup budget if ever things went south or extreme so if ever you need to bet more, you know how much you could lose. Setting up one certain budget isn't enough for me as we all know how things happen when gambling.

I have Always thought that when things are treated the way they can be done in order to have more Security is Also the Same with 2FA, but I Would Add even More security, for example every time I start Apart from 2FA so that I can Receive an SMS to my Phone so that it is more secure , and at the same time that Some security is also made for the email , those Security Layers are very Good, So if we have more difficult security so that they Can be hacked, this in Terms of security , but With respect to other rabbits Within the casino , the Main Thing can be Taken as having control over the Money , if there is good control of our money then we will not have Problems in the Game.

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Quote from: Oshosondy on September 22, 2023, 10:17:22 AM

I like 2FA, it adds another layer of protection. There are some gambling sites that do not require KYC, people should know that losing the 2FA backup can lead to loss of their gambling site account that they enable it. But it helps against hackers.

2FA is really a good extra layer of protection not only to any online gambling account but in general to all any other online account. However, there's way to bypass it if ever someone lost their 2FA device on most platform such as verifying through email or doing a KYC verification proving that you're the owner of the account. But yeah, it helps alot against hackers.

As for me, my best practices that I usually do when gambling apart from what's already mentioned is to set up a budget when gambling and a backup budget if ever things went south or extreme so if ever you need to bet more, you know how much you could lose. Setting up one certain budget isn't enough for me as we all know how things happen when gambling.

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Quote from: alinknila on September 22, 2023, 10:10:27 AM

This is the place to share the best ways to stay safe while gambling with crypto
Unique and practical ideas will be summed up in the list below. As a starter, I will list mine.

Best practices

Enabling 2FA
Setting a loss limit

Have fun and gamble safely

Simple reminder but really useful but to many miss to set this things up since they think they can control theirselves and don't need any of that. But if they apply those actions maybe they might not easily get compromised by hacking or getting any problems by losing huge capital from their stash.

Quote from: Lucius on September 22, 2023, 10:26:50 AM

I would add one more important thing, which is that you should not gamble with money for which you do not have a valid proof of origin - because I recently read a case where a user won almost $4 million with a deposit of $100k, and now the casino refuses to pay him win because he still hasn't been able to show them where the money he gambled with came from.

That's unfortunate for the winner and a rare case happen and guess all of us need to watch for this case because the same thing will happen if we cannot prove anything from casino since they can find this issue to deny our payments.

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Quote from: alinknila on September 22, 2023, 10:10:27 AM

This is the place to share the best ways to stay safe while gambling with crypto
Unique and practical ideas will be summed up in the list below. As a starter, I will list mine.

Best practices

Enabling 2FA
Setting a loss limit

Have fun and gamble safely

Have a budget and follow your budget. If you find excuses not to follow your rule to follow your budget and make one tiny mistake of gambling more. Then you know you have a problem. Not a tiny problem because you only crossed it for a little amount of money. But your problem would be on not respecting limits, even if they are your own. That either means that you don't respect yourself or that you have a gambling addiction.

That's the only rule i follow, next to account and money safety. But i don't think those would count as unique.

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Quote from: Lucius on September 22, 2023, 10:26:50 AM

I would add one more important thing, which is that you should not gamble with money for which you do not have a valid proof of origin - because I recently read a case where a user won almost $4 million with a deposit of $100k, and now the casino refuses to pay him win because he still hasn't been able to show them where the money he gambled with came from.

The casino should have verify it at the start and not only when the bettor is already at it's winning stage. Probably the casino has also its fault. But we can't force the casino to pay the winning amount especially if they found out that the bettor is a money launderer. He might be even banned instead.

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I would think that when gambling with cryptocurrencies, it would involve having an access to ones wallet. In the case where friends or relatives who don't have any other intentions rather than be nosey and probably cart away with the coins, secretly placing the bets before making it known to peers or friends or fam, will do more than just keep one safe when gambling with cryptocurrencies.

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2FA security and never connect your wallet that have your entire funds to online casino that are play in which requires you to connect your wallet their risk of gaining unauthorized access to your wallet is higher and you may lose your entire balance through such act.

More also since the popularity of cryptcucrency casino have increased and a lot of new casinos are coming up, it is important to only play on casinos that we know have the reputations and abilities to secure are funds on them and avoid running after bonuses since that is the fastest way to get scammed by shade casino because we have a lot of them around.

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Quote from: Stalker22 on September 22, 2023, 04:31:20 PM

In my opinion, the very first and most important piece of advice I can give is to be extremely selective when choosing a casino. It is the cornerstone of staying safe when gambling.

Check out the site's reputation and reviews, ask around, and see what other players think of it. A well-established, reputable casino is more likely to keep your funds safe than a fly-by-night operation.

I can totally agree with that, even if you secure your account with 2FA and you happen to play on a scam casino, your funds will not be safe.
So if you are already here in the forum, much better to play on known reputable sites and as much as possible with good technical support.
That I think is number 1 for me, because the chance of being screwed will be less if you play on highly credible sites to begin with.
And also, to limit your losses, then, why not deposit the amount of funds that you think you can afford to lose?

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Quote from: alinknila on September 22, 2023, 10:10:27 AM

This is the place to share the best ways to stay safe while gambling with crypto
Unique and practical ideas will be summed up in the list below. As a starter, I will list mine.

Best practices

Enabling 2FA
Setting a loss limit

Have fun and gamble safely

It’s always good to have that 2FA enable on any site that you have.
Also, do the budgeting for yourself since not all site have their own set loss limit feature.
Best practice as well is when you are already happy with your profit leave right away and don’t ever try to gamble more because you might lose it, enjoy your profit and always have fun in gambling.

Stalker22

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In my opinion, the very first and most important piece of advice I can give is to be extremely selective when choosing a casino. It is the cornerstone of staying safe when gambling.

Check out the site's reputation and reviews, ask around, and see what other players think of it. A well-established, reputable casino is more likely to keep your funds safe than a fly-by-night operation.

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2FA is not just for casino accounts, this has been used on different platforms including social media. It must be effective until a SIM swap happens to you. Setting a loss limit is a double-edged sword, you will lose and not getting back what is lost somehow sounds like a piece of advice coming from a casino operator.

You lose and then accept the fate that the money is gone and so you better stop for you may lose more. That is probably the logic here and it could also mean a gambling addiction prevention Grin

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Quote from: alinknila on September 22, 2023, 10:10:27 AM

This is the place to share the best ways to stay safe while gambling with crypto
Unique and practical ideas will be summed up in the list below. As a starter, I will list mine.

Best practices

Enabling 2FA
Setting a loss limit

Have fun and gamble safely

I can understand now what you mean by staying safe but all this means are very important but we still have to make sure that we don't become addicted to gambling if we want to stay safe. This could be for those that do gamble frequently and most time with big funds. Gambling is something we need to make sure that we try all our best not to take it too serious and focus on other things in our live. There is need for us to maintain a good wellbeing or we might have to make the wrong choice if we don't study well and put things in other.

Topic: Best Practices for Staying Safe When Gambling - page 26. (Read 3393 times)