Current problems of industry

Government bans

The biggest problem with online betting platforms is that the government often bans them. Many platforms adhere to strict guidelines to avoid this. However, even after being licensed, many platforms are not allowed to operate in some countries.

For a user, it means changing their betting platform. However, Crickto does not face this issue. We are licensed and are authorized to operate without the risk of getting banned by the government. This saves you from a lot of hassle and ensures the protection of your funds.

Theft and vulnerability

Online scams and frauds have grown exponentially as online betting gained popularity. Security issues are the main concern for many users on platforms involving a financial element.

With the emergence of Web 3.0 platforms like Crickto, users can now be assured about their safety. Crickto prioritizes users' privacy and security. High levels of encryption and security protocols are used to ensure complete safety.

Crickto also keeps your data safe and uses it to enhance the interface and your experience and prevent fraud. Your information isn't kept infinitely; it is only for 30 days. This is why Crickto has gained the trust of thousands of players around the globe.

Lack of user keys

It can be pretty daunting to maintain secret keys to access your wallet. Not to mention, losing them can compromise your funds as well. Therefore, you don't need to perform this hectic task. All the transactions on Crickto are made using a smart contract.

Connecting your Crickto account to MetaMask is enough to transfer funds. No secret keys are required to protect your funds, as you can rely on Crickto's decentralized platform. Hence, that is one less trouble for you to handle.

Centralized companies

The main problem with centralized companies is that they have too much control. A hierarchy system is followed where each decision passes from several layers of approval. Hence, in this case, the main organization has authority.

However, on a decentralized platform, no single entity has complete authority without the interference of any central body. This is what makes online betting more popular, especially using cryptocurrencies.

Long withdrawals

The main problem with centralized companies is that they have too much control. A hierarchy system is followed where each decision passes from several layers of approval. Hence, in this case, the main organization has authority.

However, on a decentralized platform, no single entity has complete authority without the interference of any central body. This is what makes online betting more popular, especially using cryptocurrencies.

Plenty of tools required to bet with crypto

Transferring and depositing money with cryptocurrency can be a big hassle on platforms. Traditional online platforms which are not based on Web 3.0 can make it complicated. In many cases, users are often asked to use several different wallets or separate wallets.

Using multiple wallets means you have to sign up for them and manage them all together. However, Crickto believes in simplicity. You can just use one wallet like MetaMask or Trust Wallet to do all the transactions while depositing and withdrawing. Crickto can easily sync with your wallet using its Chrome extension.