Cloudbet review: sports betting and cryptocurrency online casinos
The Cloudbet cryptocurrency platform has been successfully operating since 2013 – and this is more than a serious period for a bitcoin portal. The site is primarily known for betting on sports events, but there are also online casinos there.
Cloudbet offers a pretty big welcome bonus. For the first deposit, the player will receive 100% bonus money up to 5 BTC. The minimum amount to receive a bonus is 0.01 BTC/BCH/ETH/10 USDT.
You have to be careful here: the “ceiling” of the bonus is separate for each cryptocurrency. If you are going to make a deposit in Bitcoin Cash, then your limit will not be equivalent to 5 BTC. In this case, the maximum amount of bonus funds will be 5 BCH.
Loyalty is rewarded with small but pleasant rewards. If you place real money bets from Monday to Saturday, on Sunday the player will receive 1 mBTC or the equivalent amount in ETH or BCH. But the daily rate must be no less than 2 mBTC (or equivalent).
But that’s not all. The site has a VIP Bitcoin Club, whose members get access to additional benefits:
- Increased bet limits
- Increased payout limits
- Simplified disbursement process
- Cashbacks and special bonuses
- Personal managers and exclusive support
- Special events and gifts
In general, the portal makes it so that it would be more profitable for players to place bets every day. At Cloudbet crypto casino, Monday deposits bring an additional 50% as a reload, where the maximum bonus amount is 25 mBTC. But if you top up your balance on Thursday, the same 50% of the deposit bonus can bring up to 50 mBTC.
Those who adore gambling competitions were not spared either. On weekends, online casinos hold tournaments with good prizes like 1500 free spins. The rules are extremely simple: every 1 mBTC spent on cryptocurrency games is worth 1 point. The top ten leaders of the table receive prizes.
Deposits and withdrawals
The Cloudbet portal allows sports betting in six cryptocurrencies:
- Bitcoin (BTC)
- Ethereum (ETH)
- Bitcoin Cash (BCH)
- Tether (USDT)
- Pax Gold (PAXG)
- USDC (USD Coin)
The minimum deposit or Cloudbet minimum bet amount is 0.0001 BTC or the equivalent in altcoins. There is no limit on the maximum amount.
With the minimum and maximum payments, everything is the same.
Sports Betting Cloudbet
Traditionally, users can bet on Bitcoin in two modes:
• Before the start of the game (pre-match)
• During the game (live)
As for the events themselves, there is real freedom here. Fans of cryptocurrency betting are given access to sports such as football, tennis, mixed martial arts, boxing, snooker and others.
Cloudbet on mobile
Cloudbet has a mobile version of the site with a dropdown side menu and a slightly different layout of the interface elements. In general, on smartphones and tablets, everything is very convenient and looks cute.
The link at the bottom of the page allows you to switch to the full or mobile version of the site at any time.
Safety and honesty
Players’ cryptocurrency deposits are placed on cold storage wallets. This means that potential attackers cannot exploit software vulnerabilities to hack and gain access to funds. There is a nuance: this only applies to Bitcoin and Bitcoin Cash.
But what about fast payouts? Cloudbet does it like this: the portal has a separate online wallet through which players’ transactions are processed on a daily basis. Thus, site users can play for cryptocurrencies and not worry about delays in withdrawing funds.
Cloudbet is a licensed casino, so all games on the portal are tested by independent organizations that evaluate the fairness of random number generators.