Like anything else in crypto, gambling with cryptocurrencies has hazards, including: 1. Due to an uncontrolled market, there is a high potential for fraud. 2. Only a few trustworthy and credible platforms. 3. Attractive target for hackers and crypto fraudsters. 4. There are numerous reports of cryptocurrency gaming sites withholding prizes. 5. False or deceptive advertising, in particular, poor marketing techniques used to promote particular crypto gambling sites by online streams. 6. Users' access to their accounts may be blocked as a result of unclear licencing. 7. Insufficient regulation leading to lack of protection.