Introducing: BeamBet.io

In the earliest days, Blockchains existed mainly as networks of decentralized nodes acting as validation and security for the transactions of assets and data on the network. Today, blockchains have evolved to become capable of so much more. From having entire working financial and healthcare systems replicated on them, to global computers with the capacity to power Dapps and thousands of digital assets.

Also, the gaming and entertainment industries are not left out as more digital casinos are turning to blockchain solutions to enable more game speculators and risk-takers to bet, earn and send cryptocurrencies across borders and without restrictions.

Cryptocurrencies make remittance and online transactions easier, and digital casinos that do not include any payment method for cryptocurrencies might not be ideal for everyone. For digital casinos with centralized forms of payment like Fiat currencies, users are subjected to various regional laws and restrictions binding the use of such currencies, as well as endless KYC documentation processes on these services.

While the story isn’t the same for digital casinos running on public, transparent and unshielded blockchains, transparency brings about the risk of exposure of one’s assets because each transaction a user makes can be traced by anyone with a good knowledge of how computers work, back to their user wallets. Hence, undermining the financial privacy of the asset owners and making them easy targets for ad bots and possibly social criticism. This presents the need for digital casinos with the capacity to allow borderless, unrestricted gameplay activities/transactions with high preferences for user privacy.

What is Beambet.io

Beambet.io is a fair crypto casino game. It is a third-party service that utilizes Beam cryptocurrency as the only method of payment on the website. It was developed by vsnation, an active member of the Beam community.

Beam is a scalable privacy cryptocurrency that allows people to send and receive value over the blockchain confidentially. This means that details of transactions on the Beam blockchain cannot be detected by third-party viewers. It can only be seen by the users who carried out those transactions.

Crypto casino games have been around for a while now. However, Beambet.io takes a different approach to gaming because the platform doesn’t store user data or carry out any form of KYC. Below are some of the features of Beambet.io.

Features

• Fairness: The results are fair and can be checked/proved. Hence, players won’t lose their money unfairly.
• Privacy: No personal information is required during registration on the website. Hence, gamers and speculators on Beambet.io can participate and play anonymously. Also, since Beambet.io utilizes (Beam Cryptocurrency) as a payment method, transactions cannot be traced to the users’ wallets. Essentially, anyone can play anonymously.
• Non-Custodial Service: Although Beambet.io is a centralized crypto casino, it offers non-custodial services. Users deposit coins into randomly-generated Beam wallets they have the sole access to. This puts asset control in the hands of the users since they do not have to deposit their Beam coins to wallets controlled by the website.
• Live Chat: There is a live chat on the left-hand side of the website. Registered players can create a username and upload an avatar to interact with other players while playing any of the games.
• No financial restrictions or hidden charges: Because Beambet.io uses cryptocurrency as a method of payment and stake, it allows individuals greater economic freedom and complete control over their money. This means Beambet.io users are not subjugated to intrusive government regulations and taxes that violate the freedom of citizens.

Currently, there are only two games on the platform. They are;

• Rock, Scissors, Paper (RSP)
• Beam Dice.

More games will be added as the platform progresses.

How To Play.

Firstly, users have to register by sending 1 BEAM to a generated address and saving their randomly generated private key for the wallet. A fee of 0.25 Beam is required to successfully create the account. There is a step-by-step video tutorial on how to sign up on Beambet. Also, there is a step-by-step video on how to play Dice on Beambet, Dice is the most popular game on the platform.

So, if you’re concerned about the restrictions that come with centralized digital casinos with fiat payments as well as the privacy and safety of your identity and financial data on those platforms, you might be interested in checking out Beambet.io. Be sure to sign-up on the official website here BeamBet Website or contact the developer Vsnation on Telegram.

DISCLAIMER.

Beambet is not endorsed by Beam nor is it affiliated to Beam. Also, this is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their financial adviser and/or conducting their research and due diligence.

Kudos to Wisdom for this terrific article!