Cloudbet is one of the online betting platforms that has stood the test of time. It was established in 2013 and has survived the evolution of the blockchain industry since then. This is the ideal casino for crypto enthusiasts.
Cloudbet is one of the online betting platforms that has stood the test of time. The company was established in 2013 and has witnessed the evolution of the blockchain industry since its inception. The Cloudbet casino is an ideal gaming site for crypto degens and enthusiasts.
In this Cloudbet casino review, we will examine the platform’s features, deposit and withdrawal options, account opening process, regulatory aspects, its advantages and disadvantages, as well as the frequently asked questions (FAQs) about Cloudbet.
Here is a summary of our Cloudbet review. Read on to see the complete review below.
100% bonus on initial deposits up to 5 BTC
Cloudbet Payment Methods
BTC, ETH, BCH, USDT, LINK, USDC, DAI, USDP, DOGE, etc.
Cloudbet Minimum Deposit
0.01 BTC, 1 LINK, 10 USDT/USDC/DAI/USDP, or 100 DOGE
Cloudbet is a popular cryptocurrency casino, commonly referred to as a Bitcoin casino where users can bet on sports games, live dealer games and much more. It operates exclusively with a 100% cryptocurrency model, meaning that it accepts only cryptocurrencies for both betting and payouts. Cloudbet supports over 25 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, Tron, MATIC, and USDT (Tether), among others.
This specialization in cryptocurrency games contributes to the growing popularity of Cloudbet. The promotion of the culture of user anonymity and privacy by the platform also makes it loved by many casino players. Cloudbet is currently present in over 100 countries around the world, thanks to the cross-border capabilities and transparency of cryptocurrencies.
Cloudbet is the ideal betting platform for sports fans looking to make money with their cryptos. Although the platform has been around for almost ten years, Cloudbet ensures continuous upgrades that allow it to stay in step with emerging technologies. This way, the platform remains competitive in a high-demand sector thanks to these characteristics which distinguish Cloudbet from the rest of the industry in several gaming categories.
Cloudbet Online Casino: Cloudbet offers thousands of virtual slots and over 50 live dealer games.
Cloudbet Sports Betting: This category covers most major sports leagues and related events around the world.
Cloudbet Electronic Sports (e-sports) Betting: This service covers live betting on over 60 popular gaming markets.
As a full-featured crypto casino, Cloudbet boasts unique features not found on regular betting platforms.
Deposit and Withdrawal on Cloudbet
Cryptocurrency Deposits on Cloudbet
As already mentioned, only cryptocurrencies are accepted on Cloudbet. This is a fiat-free casino, which means that all activities on the platform are done in cryptos.
Different types of cryptocurrencies are accepted on Cloudbet: Bitcoin, Ethereum, Bitcoin Cash, Tether, USD Coin, Chainlink, DAI, and Pax Dollar.
Cryptocurrency Withdrawals on Cloudbet
Withdrawing funds on Cloudbet is quite simple. All you have to do is log in to your profile and go to “My Account.” In this section, you will see the “Withdrawal” tab from where you can select your preferred crypto to withdraw.
Please note that you will need to verify your identity before your withdrawal request is validated. This is in line with Cloudbet’s security protocol to protect user accounts against identity theft.
Deposit and Withdrawal Fees on Cloudbet
Deposits on Cloudbet are typically free. However, a conditional clause on Cloudbet states that the platform reserves the right to charge up to 5% fees for future deposits.
This billing is applied on Cloudbet when you fund your account via their fiat-to-crypto gateway, Moonpay. This tool incurs a 4.5% fee on the debit or credit card used to purchase crypto with fiat.
On the other hand, withdrawals on Cloudbet typically incur a fee. However, these fees are intended to cover transaction costs on the blockchain.
Opening an Account on Cloudbet
Opening an account on Cloudbet can be done in less than a minute. From the site’s home page, simply click on the “Join” tab located in the upper right corner. A window opens and asks you to enter your email address and create a password.
You can also register using one of your social media accounts as shown. Check the box indicating that you are over the minimum age of 18 to play and click “Join.”
A new window opens and informs you that a confirmation email has been sent to you. All you have to do is go to your inbox and follow the instructions to confirm your email.
Once you have completed this step, your registration will be considered complete, and you can start playing and exploring the crypto betting possibilities available on Cloudbet.
Cloudbet is licensed in Montenegro and Curacao under the respective company names TIGER TREE HOLDINGS d.o.o and Halcyon Super Holdings BV. The platform’s rules are in line with most online betting platforms and should be studied for a better experience.
An additional rule unique to Cloudbet is the restriction of one account per household or per IP address. Failure to do so may result in your account being restricted.
Cloudbet – Accepted Countries
Cloudbet is a pretty widespread platform and is currently available to users from almost all parts of the world, including France (Cloudbet France), most European regions, and across over 100 countries globally.
As of the time of writing this review and according to the website, Cloudbet is restricted to users from certain countries and locations, including the United States of America and its territories, the United Kingdom, Australia, Belgium, China, Macau, Hong Kong SAR, Lithuania, and the Netherlands.
Besides the huge library of sports and games available on Cloudbet, some features are unique and set Cloudbet apart from its competitors.
Cloudbet offers new players a 100% deposit bonus on their first deposit of up to 5 BTC, or its equivalent in other cryptocurrencies. The minimum deposit amount required to claim the Cloudbet welcome bonus is 0.001 BTC and is collected by betting on crypto casino games.
This welcome bonus can only be earned within 60 days after registration and can be withdrawn at any time, as soon as it is added to your wallet balance.
Cloud bet also offers 20 free spins on Tuesdays when you deposit €20 anytime between 00:00 UTC and 23:59 UTC.
Cloudbet offers sports live streaming that allows you to watch live matches while betting. The platform’s live-streaming feed covers select games, including football and basketball.
The live streaming feature allows you to follow sports events in real time and also provides the option to monitor your bets and make quick decisions. In our opinion, this is a real advantage compared to most of the crypto casinos available in the market.
On Cloudbet, you can redeem your bet before the end of a match. This could be to lock in a profit or to cut losses. Cashout is an essential tool to help you manage your betting portfolio and maximize opportunities while minimizing risks.
This feature is mostly used to get out of a position when the game seems to be taking an unexpected turn or is anticipated to do so soon.
In-play Betting or Live Betting
This is a very enticing feature offered by Cloudbet that allows you to bet on a game that has already started. Live betting allows players to bet on events in real-time and make decisions as the game progresses. The goal is also to increase your winning potential in a particular game by outbidding the odds as the game unfolds.
Over 60 live tables are available at Cloudbet’s Bitcoin casino. These tables are equipped with the most popular casino games of the moment in all categories. Games like Rumba Blackjack 2, Football Studio Dice, Ultimate Sic Bo and Royal Poker are just a few examples of the many games that make up Cloudbet’s Bitcoin casino library.
Cloudbet provides players with access to thousands of Bitcoin slot games that are available on the platform. These games present great opportunities to win big, including the chance to hit jackpots. All kinds of slots are available, and all of them can only be played using cryptocurrencies.
By integrating online casinos, sports and e-sports betting, Cloudbet has cast a wide adoption net that welcomes almost everyone who participates in the online gaming industry. The diversity of games it offers makes it a one-stop shop for online entertainment and gambling.
Tobi began his career in 2017 as a crypto writer, where he focused on producing educational content. He worked with Stockbossup, an investment platform dedicated to educating black people. Prior to that, he worked as a copywriter with Turboxbt, a crypto trading platform. In 2021, Tobi joined Watcher Guru as a crypto news editor. He was recognized as one of the top 333 web3 creators on LinkedIn for crypto in 2022.