Online crypto gambling is increasingly popular, but it also comes with risks. One site that has raised alarm among online casino watchdogs is CasinoBetMarket.shop. This platform claims to offer high bonuses, fast crypto payouts, and multiple casino games. However, multiple reports indicate that CasinoBetMarket.shop is a scam and unsafe to use.
In this article, we explore why CasinoBetMarket.shop should be avoided, outline the red flags, explain how the scam operates, and provide tips for safely choosing an online casino.
What Is CasinoBetMarket.shop?
CasinoBetMarket.shop is presented as an online cryptocurrency casino that offers various games and promotional bonuses. The website primarily targets players interested in crypto gambling. On the surface, it appears similar to other online casinos, but its operations and licensing raise serious concerns.
According to LCB.org, there is no valid regulatory license, and the platform has been flagged as high risk for fraud.
Why CasinoBetMarket.shop Is Considered a Scam
Independent investigations and user reports suggest that CasinoBetMarket.shop exhibits all the characteristics of a fraudulent online casino:
- No valid gambling license: The site claims licenses from authorities like the Curaçao Gaming Authority, but these are unverifiable or false.
- Fake or unauthorized games: The casino may manipulate games, making winnings impossible to secure.
- Withdrawal issues: Users report blocked or indefinitely delayed withdrawals, often accompanied by requests for additional deposits.
- Hidden ownership: There is no transparent information about who operates the platform.
- High-risk crypto payments: The site only accepts cryptocurrency, making lost funds nearly impossible to recover.
This combination of factors makes the casino extremely risky for any player. (MalwareTips.com)
How the CasinoBetMarket.shop Scam Works
Reports describe a familiar scam pattern:
- Attractive bonuses: The platform offers unusually large bonuses or free cryptocurrency to entice new users.
- Appearing to win: Players can gamble and appear to accumulate winnings using the bonus funds.
- Withdrawal barriers: When a withdrawal is requested, the site demands extra crypto for “verification” or “processing fees.”
- Funds disappear: After paying these fees, withdrawals are delayed, accounts may be blocked, and funds are never returned.
This is a classic advance-fee scam, common in unregulated crypto casinos.
Common Red Flags of a Scam Casino
Before using any online casino, check for the following warning signs:
- No verifiable license from respected authorities like the UK Gambling Commission or Curaçao Gaming Control Board
- Unrealistic bonuses that seem too good to be true
- Crypto-only payments without withdrawal protections
- Requests for additional deposits to unlock winnings
- Hidden or inconsistent ownership information
If any of these are present, it is safer to avoid the site entirely.
Risks of Using CasinoBetMarket.shop
Using an unregulated platform like CasinoBetMarket.shop can result in:
- Permanent loss of cryptocurrency or funds
- Theft of personal or wallet information
- No legal recourse if money is lost
- Exposure to phishing and further scams
Because cryptocurrency transactions are irreversible, recovering funds from a scam site is nearly impossible.
Frequently Asked Questions (FAQ)
Is CasinoBetMarket.shop legitimate?
No. CasinoBetMarket.shop is considered unsafe and unlicensed. Independent sources like LCB.org classify it as a high-risk scam.
Does CasinoBetMarket.shop have a valid gambling license?
No. Any licensing claims are either unverifiable or false. The site is not listed in official databases of the UK Gambling Commission, Malta Gaming Authority, or Curaçao Gaming Control Board.
Can you withdraw funds from CasinoBetMarket.shop?
Reports show that withdrawals are either blocked or delayed indefinitely. Users are often asked to pay extra fees, a common scam tactic. (MalwareTips.com)
What should I do if I already deposited money?
Stop further deposits immediately. Secure your crypto wallets, document all communications, and report the site to consumer protection organizations.
How can I verify if an online casino is legitimate?
- Check licensing through official regulator websites (UK Gambling Commission, Curaçao Gaming Control Board)
- Read independent reviews from reputable platforms
- Avoid sites that demand additional payments to release winnings
Are crypto casinos more risky than regular casinos?
Crypto casinos can be legitimate, but unregulated crypto-only platforms are riskier. Scammers use cryptocurrency for irreversible transactions and anonymity. (Yogonet.com)
How to Stay Safe When Choosing an Online Casino
- Verify the license: Always check the official database of gambling authorities.
- Read reviews: Use independent review sites like LCB.org to confirm legitimacy.
- Check withdrawal policies: Avoid casinos that ask for extra payments before releasing funds.
- Avoid crypto-only sites with poor transparency: Untraceable transactions make scams easier.
Final Verdict
CasinoBetMarket.shop exhibits all the hallmarks of a scam. Its lack of licensing, misleading claims, withdrawal restrictions, and crypto-only payment requirements make it extremely unsafe. Players should avoid depositing any funds and only choose licensed, transparent, and well-reviewed casinos.
For safe gambling, always rely on reputable platforms and verify their regulatory status before depositing any funds.
References and Helpful Links:
- LCB.org Scam Report on CasinoBetMarket.shop
- MalwareTips.com Scam Alert
- UK Gambling Commission License Lookup
- Curaçao Gaming Control Board License Verification
- Yogonet: How to Spot a Scam Casino
Related Scam Alerts and Reviews
- How to Remove Lightejustbetwe.Org Pop-Up Ads
- Lipofit Reviews
- LuxuryGambler.com Scam Review
- TarReward.com Scam
- Sopewex.com Crypto Casino Review
- Tozemex.com Crypto Scam
- Exspace.bet Crypto Casino Review
- Geropex.com Crypto Casino Review
- Seiwex.com Crypto Scam Exposed
- Foarax.com Crypto Scam Review
- Soraslots.cc Crypto Scam Review
- Hopegex.com Crypto Scam Review
- How to Remove Alvsx.nocodeads.top Pop-Up Ads
- NC DMV Text Scam
- Administrative Code 15C‑16.003 Scam Texts
- Coinbase Verification Code Scam Texts
- Binance Verification Code Scam Texts
- Saivex.com Crypto Casino Scam
- Watcherjobs.com Scam Review
- Target Valentine’sGift Card Scam
