Blacklisted Bitcoin Online Casinos

While most people instantly believe that something shady is afoot when they hear the phrase Bitcoin casino, that assumption is tremendously inaccurate. It is true that, in the first few years of the existence of the world’s first cryptocurrency, it primarily got utilized for dark web transfers. However, now, Bitcoin, and cryptos in general, are about as mainstream as it gets, and they have been available for online gambling fun for over a decade. Moreover, sites that offer such services which get licensed and overseen by credible industry bodies have been around since 2014. Hence, there is nothing to get scared about when it comes to betting with digital currencies if one chooses a reputable Bitcoin Online Casinos with a proven track record of always paying out wins and never cheating players in any way imaginable.

Unfortunately, while a vast network of dependable Bitcoin casinos exists, sites that have built up quality network standing, there are also a few shady ones out there. Note that rogue gambling sites are not something exclusive to the crypto gaming sphere. The fiat side of things has its fair share of nefarious operators. Thus, the best way to avoid getting paired up with a dishonorable gambling host is to read trustworthy bitcoin casino reviews before joining any platform.

To help Bitcoin and Bitcoin Online Casinos game of chance enthusiasts not waste their virtual coins needlessly, in this article, we provide a list of three famous crypto casinos red flagged by several sector review hubs as unfair sites that everyone should avoid.

1. 1xBet / 1xBit in Bitcoin Online Casinos

Many casual online gamblers interested in Bitcoin betting have likely heard of 1xBet. It is a gambling site with short stints as the sponsor of English top-flight football clubs Chelsea FC and Liverpool FC. Founded as a Russian online casino in 2007 by Karshkov Roman Semiokhin, 1xBet has made the news cycle multiple times over the past few years. Sadly, for all the wrong reasons. In 2019, its UKGC gaming license got rescinded after a public discovery that the platform promoted a Pornhub casino and accepted bets on children’s sports. A year later, allegations against this site popped up concerning embezzlement and other unlawful financial practices.

Anyone with some Googling savvy can instantly find hundreds of unresolved scam accusations against the two 1X Corp N.V. brands, 1xBet and 1xBit. So, no one should get fooled by the fact that these service players in over one hundred and thirty countries and their logos have gotten plastered on the shirts of famous football clubs. In most people’s eyes, 1x Corp N.V. will soon disappear into the annals of history, as it cannot survive any more controversies.

2. Rich Prize

Fresharvest Limited is a company based in the archipelagic island country of Seychelles. It runs Rich Prize casino, a fiat and crypto gambling site that claims in its terms and conditions page that it operates under an Antillephone N.V. gaming license. But, it does not have this Curacao master license holder’s badge in its website footer, which is a regulatory necessity. The cause of this is that this casino was originally a KV Media N.V. platform that moved out of Curacao for some reason and never updated its terms and conditions page, which is highly unprofessional.

On the surface, Rich Prize seems like your run-of-the-mill internet gaming platform. It features games from providers such as EGT, Evolution, Playson, and Spinomenal, accepting Skrill, Visa, and Master Card deposits, on top of Bitcoin and a few other cryptos. Yet, multiple complaints have gotten filed against this site, with accusations that it does not pay out its affiliate partners and customers. Its users have also reported various bugs, and the site charges fees for some payment methods.

3. Games is a super famous crypto exchange that doubles as a news outlet. It got up and running in 2015, and a year later, it announced that it would launch a casino section. SBGC S.R.L, the company behind this Bitcoin gambling site, states that it operates from Costa Rica. A common misconception about this Central American country is that it regulates online casinos. That is not so. Costa Rica has no gaming licensing body. Internet gambling businesses can operate from Costa Rica like any other commercial entity within its borders. But, no government-approved organization provides any regulatory oversight regarding the activities conducted by those active in the gaming sphere from Costa Rican soil.

Despite the name value of this platform, it gets rightfully criticized for not providing enough problem gambling restrictions, for its low KYC requirements, and the fact that its customer services are not up to snuff. Site representatives here do not seem overly interested in player problems. These and other issues with this site get noted on popular online review hubs like TrustPilot. 

This article was written in collaboration with legit online gambling experts

Leave a Reply

Your email address will not be published. Required fields are marked *