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7 ways to keep your crypto safe and secure when betting online

Betting with crypto is fun, fast, and convenient. As valuable as it can be, it is important that you learn how to keep it safe and secure on your account at all times. 

People find it more convenient when betting online. Aside from accessibility and having more betting markets to choose from, another advantage players love most about it is that it can be done using cryptocurrencies. 

With crypto, betting on a Bitcoin casino is easier since there are no third-party interferences. Aside from the convenience they provide, crypto is also known for its impressive value. This makes it a great target for people who have ill intentions. 

If you’re a crypto punter on Gamdom, it is important that you learn how to protect your assets. With that, here are some ways how you can stay safe and secure when betting online: 

Use reliable crypto wallets 

To ensure the safety of your coins, get a wallet so you can keep them safe. There are two types of crypto wallets. These are: 

  • Hot wallets → These can be accessed online through computers, smartphones, or tablets. Often referred to as online wallets, hot wallets are renowned for their accessibility and simplicity for people who want to check their assets immediately. 
  • Cold wallets → Also called offline or hardware wallets, these use special hardware that can store crypto even when offline. By being not connected to the internet, this becomes a safe storage option as it has fewer risks of being compromised. 

There are a lot of crypto wallets available. To determine which one is worth using, always make sure to check the reviews and the reputation of a wallet before completely signing up with them.

Create a strong crypto wallet password 

Your crypto wallet passwords should be much stronger than your social media passwords as these aim to protect your assets. Unlike fiat, passwords are needed for your crypto investments since they are in the digital space. 

It is highly advisable to create a strong password for your accounts. You may want to go for a long string combination of uppercase and lowercase letters, numbers, and symbols. The more complicated, the more protected your accounts get. 

For best results, you may also want to change your passwords from time to time so they can be safer. When you do, make sure to create a list that you can keep somewhere safe. That way, you won’t forget it when you need it. 

Use two-factor authentication

Having strong passwords isn’t enough to protect your crypto assets safely. You can set up two-factor authentication (2FA) or multi-factor authentication to bolster security measures. As the name suggests, this step gives you an additional step to verify your identity. It does so by sending you a one-time passcode that you would have to input to verify that it’s really you. 

This heightens the security measures for your crypto assets. Though it might be time-consuming, doing this is worth it as it works as an extra step to prevent hackers from getting into your account. 

Keep your private keys safe 

Never share the security keys of your cryptocurrency investments with anyone, not even with your closest friends or relatives. Private keys, unlike online passwords, can’t be changed. Giving others knowledge of the crypto keys is like giving them a chance to steal your assets with consent.

You should also never forget your private keys so make sure to save them somewhere that’s enough for you to remember and something that other people won’t have access to. 

Always connect to a safe network 

Before making any transaction, always make sure that your device is connected to a secure, private network. For best results, it is highly advised that you stay away from public networks since they are more dangerous, especially if you’re paying using crypto. The reason behind this is that your data can be more accessible to hackers on these networks. 

If you want, you may try using a VPN as an additional security measure. This is because VPNs have the ability to alter your IP address and location.

Transact wisely 

Many people are fond of using crypto for its speed and ease when it comes to transactions. As promising as it can be, it is important that you know the reputation of the sites you wish to transact with. That way, you can prevent yourself from being a victim of fraud. 

Aside from Gamdom, there are a lot of casino cryptocurrency sites you can find online. Though many of these are legitimate, some are just waiting for you to take their bait. With that, it is important that you should always spend some time checking site reviews before signing up and connecting your crypto wallets. 

Be wary of scams 

The impressive growth of the crypto scene not just made it popular for investors, players, and punters as it also caught the attention of malicious people. It is important that you become aware of the scams that other users fall for and some ways to avoid them. Here are some examples you should know: 

  • Phishing → This happens with phony emails sent out by various exchanges or wallets. These emails will tell you that there’s a problem with your account and that you would have to confirm your personal info first. To avoid it, never click on sketchy links and check the legitimacy of the redirected site. 
  • Fake apps → You can find a variety of crypto exchanges and wallets online. Some are really new sites you can try while some are just waiting for you to fall into their trap. The scary part is that many of them look legitimate. To avoid them, always check their reviews first. 
  • Giveaway scams → Scammers often host crypto giveaways online. With well-written texts as shown on their legitimate-looking accounts, they can make you believe that they can multiply the coins you have. Some of them even make it seem like a once-in-a-lifetime opportunity. If it’s too good to be true, better be safe than sorry and just pass up on it. 

These are just some ways that can make your crypto betting experience feel more secure. By keeping these in mind and being wary of the risks that come with crypto betting, you can be a more responsible player whenever you bet at Gamdom!

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