FIAT currencies such as the euro or the dollar and the Internet have never gone well together. Indeed, to buy a good or a service, you have to go through a payment processing company or enter your bank card data to make transactions. But everything has changed with the emergence of crypto-currencies.
Crypto-currencies are indeed changing the way we conduct our online transactions. They offer a frictionless way to interact and send value to anyone, anywhere, at low cost over the Internet and without trusted intermediaries like banks.
The main beneficiaries of this change have been online casinos and bookmakers, which have grown rapidly, especially in light of the behavioral changes brought on by the coronavirus pandemic.
Cloudbet is one of the world’s leading crypto-casinos and bookmakers offering better odds than most fiat currency-based bookmakers. Established in 2013, Cloudbet is fully regulated with satisfied customers in over 100 countries. In addition, the casino offers some of the best promotions and welcome offers in the industry.
Sign up for Cloudbet in 3 steps
Enter an email address
Click on the “Join” button on the top right of the Cloudbet homepage. Enter your name and email address in the form provided and confirm that you are of legal playing age. The system will automatically generate an email with a confirmation link. Registration is also possible via Google and Facebook.
Choose a password
Once the confirmation email arrives, click on the link to confirm your account. Check your spam or junk mail folders in case the email doesn’t arrive right away. Be sure to enter a strong password of at least 8 characters, ideally a mixture of characters and numbers.
Confirm details and preferred currency
Once you’ve confirmed your details, you’ll need to choose a preferred crypto-currency for your first deposit. Currently, BTC, ETH and BCH are supported. Deposits are instant depending on the speed of the blockchain you choose. Once your deposit arrives in the Cloudbet wallet, you can start playing immediately.
Cloudbet compared to other casinos
Cloudbet is an industry leading crypto-casino and bookmaker with a well-established history and some of the best promotions around. However, if you want to try another platform, or simply can’t find the game you want to play at Cloudbet, there are several reputable alternatives worth looking into.
Cloudbet is a pioneer in the gaming industry and one of the first to integrate crypto-currencies into its platform in 2013. To give you some perspective, Bitcoin was trading at just $200 at the time (compared to over $10,000 today) and the collective understanding of the enormous potential of crypto-currencies was very limited.
Cloudbet officially accepted its first bet in October 2013 when a bet of 0.12 BTC ($24 at the time) was placed on Korea’s K-League (soccer). Since then, the platform has made more than 6.5 million bets in its sportsbook.
Cloudbet took an interesting approach to generating early interest in the platform from crypto-investors by announcing its arrival in the most active community around Bitcoin – Bitcointalk.org. This allowed Cloudbet to develop a loyal customer base, with early adopters being rewarded with a 100% bonus on their first deposit up to 5 BTC. This promotion was so successful that it is still running today – in addition to a series of other time-limited promotions.
Cloudbet’s live casino was officially launched in February 2014 with its first winning Blackjack bet. This year, Cloudbet added Ethereum’s native crypto-currency, Ether (ETH), to its growing collection of supported crypto-currencies. In January, the platform launched its updated website, providing a more streamlined and intuitive experience for users.
Cloudbet: Regulation and Security
- Cloudbet is a licensed Bitcoin betting site, which falls under both E-Gambling Montenegro and Curaçao eGaming.
- Due to the lack of clarity in crypto-currency regulation in some places around the world, many crypto-casinos are choosing to be regulated in crypto-currency friendly jurisdictions like Curacao.
- As more crypto-currencies are accepted around the world, more casinos will accept different crypto-currencies.
Cloudbet: A safe casino?
When choosing a crypto-currency casino, it’s important to look at the platform’s track record and see what people are saying about it on social media. Cloudbet has pioneered many security practices that are now being adopted worldwide such as storing crypto-currencies in a cold wallet rather than a software wallet that can be hacked (hot wallet).
Cloudbet crypto-casino also uses industry-leading security measures such as SSL encryption and two-factor authentication to protect users’ data and funds.
Cloudbet does not offer games that are proven to be fair, as the casino games are developed by industry leading independent software developers who design fair games by default. Cloudbet only hosts the games on its platform and does not have access to the design of the games themselves.
Numerous player testimonials on Cloudbet’s social networks seem to indicate a certain level of satisfaction with the win rate on the casino games. As a bookmaker, Cloudbet is known for offering top odds, which are generally better than those of dedicated fiat currency bookmakers.
Cloudbet Fees and Costs
Deposits and withdrawals at Cloudbet are made in crypto-currencies. Therefore, the fees are limited to the costs of the blockchain network. Cloudbet does not charge any fees for deposits or withdrawals on the platform.
You will have to take into account the blockchain fees when you make a crypto-currency transaction. The most affordable supported crypto currency to deposit (send) funds to (from) the platform is currently Bitcoin Cash (BCH), which has lower network fees than Ethereum and Bitcoin.
Games available on Cloudbet
Cloudbet offers a wide variety of casino games ranging from original classics to the latest games from the biggest software companies. Cloudbet’s Live Bitcoin Casino option hosts a range of the most popular casino games developed by the industry’s leading brands such as Evolution Gaming, Betsoft, Yggdrasil, iSoftBet, Play’n’GO and Quickspin with a wide selection of the latest games with outstanding jackpots and graphics.
Cloudbet has one of the largest sportsbooks in terms of variety in the gambling industry with many sports available for live betting. Some of the sports covered by the platform include baseball, cricket, cycling, soccer, snooker, tennis, darts, basketball, tennis, volleyball, rugby, rugby league, ice hockey and motorsports including Formula 1. By the way, there are more cryptocurrency-based sportsbook sites that offer baseball and other sports. Some of the best odds in the industry are available with margins as low as 2%, including EPL, NBA, UCL and NFL.
Live Bitcoin Casino
Customers can choose from a wide range of games, including slots, roulette, blackjack and baccarat. The platform offers thousands of Bitcoin slots and 65 live dealer tables where players can play with a real dealer just like in a normal casino.
The Cloudbet platform allows you to bet on your favorite eSports, including over 60 gaming markets, where you can bet in real time on games like CS:GO, League of Legends, Dota 2 and many more.
Banking services and crypto-currency deposits
Cloudbet is a crypto-currency-only casino where deposits and withdrawals are made in your favorite “crypto”. There are no platform fees for these deposits and withdrawals.
However, the blockchains used do charge transaction fees. Therefore, it is advisable to calculate these before sending crypto funds to the Cloudbet platform. Since blockchain fees vary depending on network congestion, they can sometimes greatly increase the cost of your transactions.
Cloudbet currently supports Bitcoin, Bitcoin Cash and Ethereum. The company will surely add more tokens in the future. You can start betting at Cloudbet as soon as you sign up with wagers as low as 0.0000001 BTC (or 10 Satoshis).
Promotions and Bonuses
Cloudbet offers one of the largest first deposit bonuses in the industry with up to 5 Bitcoins (BTC) or 5 Bitcoin Cash (BCH) matched 100% by the platform. The welcome bonus is applicable regardless of which crypto-currency you choose to deposit your funds into.
- At the time of writing, Cloudbet was running promotions on NBA, NFL and UCL with margins of 2% or less.
- Cloudbet is also running a promotion to welcome the return of the English Premier League season after the disruption caused by the Coronavirus pandemic. For other matches, Cloudbet is offering 1,000 customers commission-free pre-match odds (zero margins).
- Cloudbet strives to attract players to the platform, but also offers promotions to keep them coming back. Cloudbet’s affiliate program is one of the most generous in the industry with a 30% lifetime revenue share and instant withdrawals to your personal dashboard.
- All of the promotions mentioned were active at the time of writing, but be sure to check the promotions page to confirm that they are still active when you go to create your account to enjoy the games at Cloudbet.
Conclusion: Should you play at Cloudbet?
If you’re looking for a crypto-currency accepting casino and sportsbook operator that is popular, secure and well-established, it’s hard to ignore a pioneering platform like Cloudbet, which has been successfully providing quality customer service for over 6 years.
With some of the best odds in the industry and the highest limits for both table games and sports betting, Cloudbet remains a popular choice for both beginners and top professionals. In addition, Cloudbet offers one of the largest live betting collections in the world.
With Cloudbet, you can bet on spreads, money lines, handicap bets, final result bets, total corners bets, total goals bets, correct score bets, both teams score bets (btts), next team to score bets, first team to score bets, quarterfinal or semifinal score bets, and more.
Cloudbet also has an advantage over some other crypto-casinos like 7bit Casino or 1xBit, as it runs its own betting book and therefore its own risk, rather than aggregating prices from other books like some operators. Cloudbet’s prices also adjust as money comes in and goes out, with the limits changing with liquidity. Every month, the platform adds new promotions, new casino games and new matches to its sportsbook. We recommend that you follow Cloudbet on social networks such as Twitter, to keep up to date with the promotions it offers.