In recent years, the bitcoin gambling industry has experienced a significant rise in popularity. With the advancement of technology and the digital world, there’s a change in the landscape of gambling, and bitcoin gambling sites are playing a crucial role. However, while the attraction to these sites continues to grow, there exists a persistent concern about the security of these platforms.
Leading bitcoin gambling sites like BitStarz, FortuneJack, and mBit Casino, boast of a host of security measures in place to protect their users. This report assesses these measures to ascertain the security level of these platforms.
BitStarz:
BitStarz is known for its broad range of games and cryptocurrency acceptance. Originally founded in 2014 in Curacao, this online casino prides itself on its reputation for its game fairness and user security.
The site utilizes Secure Socket Layer (SSL) encryption, a standard security technology for establishing an encrypted link between a server and a client. This ensures that all data passed between the web server and browsers remain private and integral. In this context, it means any transaction, be it deposit or withdrawal, is well encrypted to keep user data safe.
In addition to SSL encryption, BitStarz works in tandem with highly respected game providers who maintain the integrity of the games provided. This means the outcomes of the games are fair and not manipulated.
Kudos to BitStarz for implementing Two-Factor Authentication (2FA), providing an extra layer of security to users. This security measure ensures you’re the only person who can access your account, even if someone knows your password.
FortuneJack:
Another heavyweight in the bitcoin gambling industry is FortuneJack. Since its inception in 2014, it has maintained its position as a trusted platform for cryptocurrency gambling.
The site operates on SSL encryption as well, ensuring the safety of customer data and transactions. It also uses a cryptographic method to ensure game fairness. All games on the site feature a provably fair system that enables players to check the integrity of every bet to make sure they haven’t been manipulated.
Moreover, FortuneJack uses cold storage for its cryptocurrencies — a security measure where private keys to a wallet are stored offline. This has the advantage of making funds inaccessible to hackers, thus ramping up the site’s security.
The site also provides the option for 2FA for additional security. No transaction can take place from the user’s account without this secondary piece of information known only to the user.
mBit Casino:
mBit Casino, founded in 2014, has built a reputation as one of the premier bitcoin casinos in the industry. It is recognized for its broad array of games – from table games to slots, and from blackjack to roulette.
Just like its counterparts, mBit Casino relies on SSL encryption technology to protect its user data and transactions. All games on the site operate with RNG (Random Number Generators) software, ensuring the outcome of each spin, cards drawn, or dice roll is completely random.
Like FortuneJack, mBit Casino uses cold storage for all cryptocurrencies deposited by its users. Also, it offers 2FA protection for its users.
In all three cases, it’s clear that security and fairness are top priorities, as indicated by the security measures in place, including SSL encryption, 2FA, provably fair systems, and cold storage.
New users looking to dive into the world of bitcoin gambling can feel safe with these platforms. However, it is always crucial to do personal research and ensure the site chosen is suitable based on personal requirements and concerns.
Lastly, always remember to gamble responsibly, because no matter how secure the site is, the risks of gambling persist. It’s essential to play within one’s limits and seek help if gambling starts to become a problem.
Sources:
1. BitStarz Official Website. [LINK]
2. FortuneJack Official Website. [LINK]
3. mBit Casino Official Website. [LINK]
4. Federal Trade Commission. (October 2019). Two-Factor Authentication (2FA) [LINK]
5. Crypto Clarified. (January 2021). Guide to Cold Storage For Bitcoin and Altcoins [LINK]
