Is online betting safe? What makes a betting site secure?

If you are new to casino games or sports betting, or are perhaps considering to switch to playing casino games online or placing sports bets through online bookies from traditional brick and mortar sportsbooks, asking those question is usual and actually commended since it shows that you are careful and don’t simply dive into something without making yourself well-versed with relevant and important facts and information.

So, is online betting safe? With important preconditions, online gambling is safe. The necessary consideration is that you need to comply with the fundamental guidelines so as to ensure your safety and security.

Let Mr Bit Show You What A Safe Betting Site Looks Like

Among the most basic preconditions is to play and bet with a licensed reputable online gambling site. Mr bit, a Maltese company Avento MT Limited brand, is an online gambling site regulated by the laws of the Netherlands Antilles. 

Launched only in 2018, mr bit is relatively new in the online gambling industry. However, it quickly gained popularity as well as the trust of many players as soon as it hit the market. One of the major reasons for this recognition is because of the company being properly licensed, which is issued by Curaçao eGaming, to legally offer its services online.

An online gambling license plays a vital role in ensuring your safety when engaging in online gambling, whether you are into casino gambling or sports betting. As mr bit holds a gaming license, the online gambling site guarantees its players several things, including:

  • Legally operating in at least one region or jurisdiction
  • Security measures in place for a safe and secure gambling and betting playground.
  • Fair gameplay in all gambling games and betting options offered.
  • Secure, transparent, reliable and honest gaming practices, processes, and transactions on the site.

Another precondition in order to make certain that you are safe when engaging in online gambling is to look into the available payment options of the betting site. Again, a gaming license has a major role in this area. 

For an online casino or sports betting operator to provide different payment options, they need to link up with the financial institution. To be able to do this, they need to provide the financial institution concerned with a proper online gambling or gaming license. 

Players engaging in online gambling aren’t the only ones who pay attention to the license of a betting site. Even financial institutions such as banks, credit card firms, as well as virtual wallets, take online gambling licenses as a precondition since they too are cautious about data leaks, fraud, money laundering, and the protection of their customers. Hence, it is necessary for them to ask for a gambling license, check its authenticity as well as the regulatory body that issued it.  

Mr bit provides its players a variety of payment methods, including:

  • Bank transfers;
  • Credit and debit cards (Visa, Master Card, Visa Electron);
  • E-payment systems (Entropay, Ecopay)
  • Cryptocurrency (Bitcoin Cash, Ripple, Ethereum, Litecoin, Dash, Monero, Dogecoin)