What Bitcoin Casino Players Must Know About Coinbase

Coinbase

Over time, Coinbase has already earned a reputation in the industry, becoming one of the most popular and trusted Bitcoin wallet providers today. Its market extends to various kinds of Bitcoin users, but recent news has indicated that it prohibits the use of its services for online gambling-related activities.

Despite not being able to be used on the Bitcoin casino market, many players still rely on Coinbase for their personal use. Thus, this key industry player still holds a certain degree of affinity with the online bettors.

As such, it is only necessary for the online gaming community to be wary of the possible ways their funds can be compromised. The recent incident is just one of these ways.

Users received an email allegedly from Coinbase

Several users became skeptical after receiving a message made to appear to have been sent by the Bitcoin services provider, stating that ‘We’ve got a message for You.’

SendGrid

According to the message, Coinbase is offering their clients an investment product that promises a 150-percent return. It further went to talk about the ‘risk-free’ deposits, and it even dragged the name of the New York Stock Exchange.

Later on, Coinbase confirmed that the email was not from them, and that it was a phishing attack. It also assured its customers that none of the Bitcoin funds were stolen.

SendGrid, a service that enables more than 180,000 companies to send mass emails, were reported to have been used by the hackers as the medium to make the attempt possible.

Coinbase faces another competitor

Meanwhile, a new international merchant solution has become available for businesses worldwide with the launch of igot’s new product.

Coinbase and igot

The inclusion of this solution to the Australian exchange broadens its market reach as it opens its services to about 40 countries, supporting a variety of fiat currencies used by land-based businesses.

Coinbase, however, is positioned at the advantage since it already enjoys immense support from average consumers and merchants, even more so with the recent investment it received from a funding round. Also, Coinbase in the UK may soon happen.

LATEST CASINO NEWS & BLOGS


News

5 Memorable Moments That Defined Roman Reigns’ WWE Career

October 23, 2018

WWE Universal Champion Roman Reigns has vacated his title after resuming his battle with leukemia. Relieve his WWE career with these five memorable moments.

“It’s Been a Long Time.” Raikkonen Returns to Winning Ways After 5 Years

October 22, 2018

Veteran driver Kimi Raikkonen of Ferrari has won his first F1 race after around five years and 113 races at the 2018 United States Grand Prix.

Who Are the 3 Teams Most Likely to Be NBA Champions This Season?

October 19, 2018

At the start of the 18-19 NBA season, online sportsbooks have released the odds on which team is most likely to win the NBA Finals. Find out who here.

Blogs

Every Beginner’s Guide in Playing and Winning Video Poker

July 22, 2018

Video poker is a fun variation of the classic five-card poker casino game. To win, simply make the best poker hand possible. Know more about the game here.

4 Ridiculous Misconceptions About Esports

July 15, 2018

Esports’ shot to fame brought along a new kind of entertainment, wads of money, millions of followers, and ridiculous misconceptions. Know more here.

5 Blockbuster Movie-Themed Slots You Need to Check Out

July 14, 2018

Do you enjoy watching movies and playing slots? Combine the two into one spinning adventure! Start by checking out these five movie-themed slots.

CHOOSE CASINOS NOW
LOGIN TO BBC
JOIN US NOW