Unveiling the Dangers of Casino Bitcoin Scams: Protecting Your Investments
Introduction
The rapid rise of cryptocurrencies, particularly Bitcoin, has paved the way for innovative financial opportunities and online transactions. One area that has seen significant growth is the integration of Bitcoin in the online casino industry. While many legitimate and reputable casinos accept Bitcoin as a valid payment method, there are unfortunately some bad actors out there, giving rise to casino Bitcoin scams. In this article, we will shed light on these scams, how they operate, and most importantly, how you can safeguard yourself against falling victim to such schemes.
Understanding Casino Bitcoin Scams
Casino Bitcoin scams take advantage of the anonymity and decentralized nature of cryptocurrencies, making them attractive to both scammers and unsuspecting players. Here are some common types of casino Bitcoin scams:
Fake Bitcoin Casinos: Scammers set up fake online casinos that appear legitimate at first glance. They lure players with enticing offers, such as large bonuses and free spins, but they never intend to pay out any winnings. These sites often disappear after a short period, leaving players empty-handed.
Rigged Games: Some dishonest casinos manipulate the game outcomes, ensuring that players lose their funds unfairly. They use rigged software that creates an illusion of fair play but ultimately robs players of their winnings.
Phishing Scams: Scammers use phishing techniques to trick players into providing their sensitive information, such as private keys or wallet credentials. Once obtained, these details are used to access the players’ cryptocurrency holdings and steal their funds.
Ponzi Schemes: In a Ponzi scheme, scammers promise high returns on investments made with Bitcoin. They use new investors’ funds to pay returns to earlier investors, creating a false appearance of a profitable venture. Eventually, the scheme collapses, and many investors lose their money. There is evidence that duelbits is a ponzi scheme stay tune for more information.
Protecting Yourself from Duelbits Casino Scam:
Research and Due Diligence: Before engaging with any online casino that accepts Bitcoin, conduct thorough research. Look for user reviews, ratings, and feedback from reputable sources to verify the casino’s legitimacy.
Regulation and Licensing: Reputable casinos are usually licensed and regulated by recognized authorities. Check for licensing information on the casino’s website to ensure it operates within legal guidelines.
Secure Website: Verify that the website is secure by looking for “https://” in the URL and a padlock symbol in the address bar. This ensures that your data is encrypted during transmission.
Provably Fair Games: Opt for casinos that offer provably fair games, where the fairness of each game’s outcome can be independently verified through cryptographic algorithms.
Two-Factor Authentication: Protect your cryptocurrency wallet by enabling two-factor authentication (2FA) whenever possible. This adds an extra layer of security to your account.
Use Trusted Wallets: Use reputable Bitcoin wallets for your transactions and avoid sharing your private keys or wallet credentials with anyone.
Conclusion
While the world of Bitcoin and online casinos offers exciting opportunities, it’s essential to be cautious and vigilant against casino Bitcoin scams such as duelbits. By staying informed, conducting thorough research, and following best practices, you can protect yourself from falling victim to these scams. Remember, if something seems too good to be true, it probably is. Safeguard your investments and enjoy the world of online gaming responsibly.
I support most of what you said except I have a lot of credibility on this site due to the amount wagered. I have been there for approx 18 months. Wagered $7,769,297.19 The affiliate thing is accurate… I first signed my buddy up, he attempted to enter the affiliate code but it failed. I contact support and they said we must wait 24 hours since I had just generated my affiliate code. 30 hours later, contacted support and support says new user must add the affiliate within 25 hours. Although there is record, they are not willing to fix this on the new account. We also contacted support through the new user account with the same result.
That user has wager 3.5 million in just a few months time.
I created a second account and got the affiliate stuff to work correctly… I gambled on that 2nd account and noticed the exact same thing you mentioned. Contacted support and they responded oh nooo, you get 10% of the house edge which is 5%. In other words 5% is house edge and then you only get 10% of that amount. On a $1 bet, you supposedly get .05 although I belive that is likely wrong as well.
That’s NOT mentioned anywhere in plain view.
I’ll go deeper here… I can confirm that initially I was having a great time on this site. Won a little, lost a little bit overall a fun experience. Would get 1000x my bet wins occasionally and admit that I had no problem playing it back into the site. I landed several max payouts and then it was like the system shut down for several months… I contacted them and they claim it’s 100% random and duelbits can’t control the rtp. I had them send me my rtp for a specific game and it was below1-2% below the advertised rtp over a course of 1 years and several hundred thousand dollars. Overall, the slot bonus and wins have gotten to be few and far between. I’m depositing thousands per day for entertainment…. I will say that I have hit $100,000 on a bonus and successfully withdrew that money. Still leaving my rtp below the advertised amount. I have hundreds of screenshots and videos of games “glitching out”, bonus paying less that %10, etc etc. it was fun at first but has really just become a donation site at this point. My buddy, same identical issues. I am looking for a new site so please let us know if you have one that is more reputable.
The support both for duelbits and the live games are forced to use a copy paste script and are incompetent. Live games (blackjack) have some very odd things going on which I have video of… suddenly dealers will be forced to stop in the middle of dealing a hand… burn a card or throw the entire hand out. When this happens, the player does not get the bet returned. They are forced to keep the same bet amount on the table and to play the next hand. When asked, dealers do not know why this was done and said they must follow orders. Support disconnected the chat session 5x in a row when I reported this. 5x the chat session was terminated for reporting an issue.
For the lopas system join the syndicate here ➡https://tinyurl.com/santi888
Was winning at the start and legit haven’t had a win for 3 months 😢
I support most of what you said except I have a lot of credibility on this site due to the amount wagered. I have been there for approx 18 months.
Wagered $7,769,297.19
The affiliate thing is accurate… I first signed my buddy up, he attempted to enter the affiliate code but it failed. I contact support and they said we must wait 24 hours since I had just generated my affiliate code. 30 hours later, contacted support and support says new user must add the affiliate within 25 hours. Although there is record, they are not willing to fix this on the new account. We also contacted support through the new user account with the same result.
That user has wager 3.5 million in just a few months time.
I created a second account and got the affiliate stuff to work correctly… I gambled on that 2nd account and noticed the exact same thing you mentioned. Contacted support and they responded oh nooo, you get 10% of the house edge which is 5%. In other words 5% is house edge and then you only get 10% of that amount. On a $1 bet, you supposedly get .05 although I belive that is likely wrong as well.
That’s NOT mentioned anywhere in plain view.
I’ll go deeper here… I can confirm that initially I was having a great time on this site. Won a little, lost a little bit overall a fun experience. Would get 1000x my bet wins occasionally and admit that I had no problem playing it back into the site. I landed several max payouts and then it was like the system shut down for several months… I contacted them and they claim it’s 100% random and duelbits can’t control the rtp. I had them send me my rtp for a specific game and it was below1-2% below the advertised rtp over a course of 1 years and several hundred thousand dollars. Overall, the slot bonus and wins have gotten to be few and far between. I’m depositing thousands per day for entertainment…. I will say that I have hit $100,000 on a bonus and successfully withdrew that money. Still leaving my rtp below the advertised amount. I have hundreds of screenshots and videos of games “glitching out”, bonus paying less that %10, etc etc. it was fun at first but has really just become a donation site at this point. My buddy, same identical issues. I am looking for a new site so please let us know if you have one that is more reputable.
The support both for duelbits and the live games are forced to use a copy paste script and are incompetent. Live games (blackjack) have some very odd things going on which I have video of… suddenly dealers will be forced to stop in the middle of dealing a hand… burn a card or throw the entire hand out. When this happens, the player does not get the bet returned. They are forced to keep the same bet amount on the table and to play the next hand. When asked, dealers do not know why this was done and said they must follow orders. Support disconnected the chat session 5x in a row when I reported this. 5x the chat session was terminated for reporting an issue.
Thank you man!
Scamming ass site how is 10% 6 dollars!!! DO NOT USE THIS SITE!!!!