Jumping into a new betting site without proper research is a considerable risk. Considering that crypto transactions are untraceable, you don't want to fall into the wrong hands. Meanwhile, there is no disputing that many of these crypto platforms cannot be trusted. So, before you register on a new betting site, here are some things you should consider.
By default, the first license you want to see on the platform is one from the National Games of Chance Commission (NGCC). However, for most crypto gambling sites, especially from offshore operators, there is a possibility you won't find this permit. However, a valid license from other reputable jurisdictions is better than not having anyone at all. For example, you can trust bookies with proper authorization from the Malta Gaming Authority, Curacao, and other popular regulators. However, when a new crypto gambling site has no valid license, that's a big red flag.
One of the many reasons why Paraguayans prefer using crypto betting sites is because they offer more generous bonuses and promotions than regular ones. So, if that is your top reason, you must review the offers on the site before registering. Sometimes, when an offer looks too good does not mean it is good. Ensure you check the terms & conditions, the wagering requirements, and the minimum deposit required to activate the offer. Beyond the welcome bonus on many sites, the presence of other promotions like free bets and cashback is also a crucial factor.
Imagine a crypto betting site that does not truly accept crypto or has limited cryptocurrencies. Before using any platform, it is best to check the supported currencies allowed. Some sites only support Bitcoin, which may not be sufficient. You need a crypto gambling site that supports popular currencies like Ethereum, Bitcoin Cash, Litecoin, and USDT.
Meanwhile, the availability of other payment methods like Skrill, Visa, MasterCard, and local payment gateways is also a plus.
Paraguayans love football, UFC, volleyball, and tennis. So, in selecting a crypto gambling site, this is a top feature they consider. Generally, online casinos offer more games than their land-based counterparts. So, locals prefer platforms that cover a broader market and offer more betting options.