Many crypto casinos have seen steady growth in 2020 as cryptocurrency offers a unique and frictionless way of transacting on the Internet. Online cryptocurrency casinos offer a more diverse and contemporary range of games than traditional casinos with attractive promotions and free withdrawals to encourage players to sign up and continue to use the platform.
1xBit is a new generation cryptocurrency betting platform that combines sports betting with an online casino, to provide a one-stop-shop gambling destination. Crypto casinos are growing in popularity and now accept a wide range of cryptocurrencies. In this 1xBit review, we will analyse the online casino to see how it stacks up against the competition in a fast-growing market for cryptocurrency casinos.
3 Steps to Sign Up to 1xBit
1. Enter your email: Enter your email address in the box provided. You will be sent a verification email. Click on the button on the email found in your inbox to verify your email address and follow the link.
2. Confirm email: If you don’t receive your email right away, make sure to check your spam folder. Now, you’re going to want to choose a strong password for your account to defend against possible hackers.
3. Start playing: Once your account is confirmed, you can deposit cryptocurrencies and start playing games in the online casino. There is an extensive list to choose from, just remember to only bet what you can afford.
Pros & Cons
1xBit is a new generation betting platform that combines sports betting with an online casino and the ability to gamble with your favourite cryptocurrency. While it is one of the most reputable and established platforms in this rapidly growing industry, it is not the only platform. If you would like to check out the alternatives, these online casinos are giving it a run for its money.
The History of 1xBit
The team behind 1xBit casino comprises professional sports and casino gamblers who also happen to be cryptocurrency enthusiasts. Noting the exploding popularity of cryptocurrency as a means to transfer value digitally, the team set about building a platform that would feature these new currencies, natively.
1xBit was created to be a betting platform to cater to all types of players, from recreational casino gamblers to professional sports gamblers.
Founded in 2016, it has grown in stature thanks to its growing bet volume, and as new cryptocurrencies and games are added to the platform each year, the space matures. The most recent feature is the Live Betting feature that enables you to watch a sports match or real casino dealer live and place bets in real-time.
Regulation and Security
Like a lot of popular cryptocurrency casinos, 1xBit is regulated in Curacao through the Curacao Internet Gaming Association (CIGA). While regulatory clarity around cryptocurrencies is improving rapidly, there remain some restrictions in some jurisdictions.
The online casino is available in most countries, and the platform employs market-leading security measures to keep customers' funds and data safe. There is even a hot desk to address users’ concerns over platform security. Contact the security department directly with any questions at [email protected]
Is 1xBit Safe?
It is essential to check the credentials of any online casino before depositing real funds. 1xBit is one of the more established casinos, having been around for nearly five years, with a proven track record of servicing the needs of casino and sportsbook players alike.
Client testimonials on social media suggest a high level of satisfaction from players on the platform regarding platform security.
Cutting edge security measures employed by the platform, such as SSL encryption provide some reassurance that your funds and data will be kept safe. We understand that two-factor authentication is also available, and we recommend setting this up as an additional layer of security.
Does 1xBit Provide a Provably Fair Gaming System?
Some of the games on the platform are provably fair. At time of press, there were five provably fair casino games listed under the “Provably Fair” section within Slots.
The platform features games from some of the world’s leading gaming software developers. Many of these games are designed to be fair by default, and 1xBit has no control over the development process.
It’s a good idea to try any games that aren’t listed as provably fair with a small stake until you are comfortable with the rate of payout, or you can check social media to see the games people are talking about.
Fees and Costs
Deposits and withdrawals
1xBit does not charge any fees for deposits or withdrawals, as these are usually transacted instantly in one of the 24 cryptocurrencies supported. These transactions are transparent and recorded on the blockchain, meaning that there is a record of any problems that may arise, adding greater protection on your funds.
While there are no platform fees for deposits and withdrawals, sending a transaction with a blockchain costs network fees, with Bitcoin and Ethereum being the most expensive due to network congestion. In addition to network fees, some exchanges attached to the 1xBit platform will have their own fees for the exchange of assets.
Crypto transfers to the platform are instant regardless of whether you are depositing or withdrawing. While convenient, we recommend purchasing cryptocurrency from a dedicated exchange before depositing to the 1xBit casino, as exchanging cryptocurrency through the platform can carry additional charges.
1xBit has a wide selection of games, including the latest casino and slot games along with sports betting across a range of national sports and even virtual sports (e-sports).
1xBit offers traditional table games like Roulette, Poker, Baccarat and Blackjack with both classic and contemporary variants of these classic games.
However, slots are where this casino excels. As well as Great Panda and Rise of Egypt, there are also newer games, such as Battle Maidens, Knights of Magic and Dragon Tiger.
Sports betting has snowballed in popularity on the 1xBit platform, with a great selection of international sports and live feeds to wager while you watch.
The extensive list of sports currently covered at the time of writing includes: Football, Gaelic Football, Poker, Australian Rules, American Football, Greyhound Racing, Chess, Basketball, Badminton, Golf, Rugby, Alpine Skiing, Baseball, Handball, Snooker, Bandy, Beach Volleyball, Horse Racing, Special Bets, Crossfit, Billiards, Horse Racing, Greyhounds, Streetball and Athletics.
The 1xBit platform features popular video games including League of Legends, Fortnite, FIFA, Pes. Brawl Stars, Clash Royale, CS: GO and Dota2.
The Live Betting feature ‘Virtual Sports’ allows you to bet on matches that are in progress, and even watch their progress on built-in feeds to inform your betting decisions better. ‘Live Casino’ enables players to watch and take part in live casino games with a human dealer right there in front of you.
Determined to be the one-stop-shop for all online gambling, 1xBit even features two lotteries, with one ticket costing 0.92 (MultiBot) at time of writing.
Banking and Crypto Deposits
As mentioned earlier, 1xBit is a cryptocurrency native platform and you will have to deposit and withdraw in one of the 24 cryptocurrencies supported. The good news is deposits and withdrawals are free, and there are few limits to how much you can deposit or withdraw to the platform.
Deposit and Withdrawal Limits
- Minimum Deposit/Withdrawal: The minimum amount which you can deposit or withdraw is 1.00 MBT (Milibit).
- Maximum Deposit/Withdrawal: None
Cryptocurrencies accepted by the platform include Bitcoin, Dogecoin, Litecoin, Ethereum, Zcash, Dash, NEM, Bytecoin, Digibyte, Bitcoin Gold, Siacoin, Paxos ST, Ethereum Classic, Bitcoin Cash, BitShares, Verge, Quantum, Monero, Tron, Stratis, Ripple, USDC, True USD and Tether.
Promotions and Bonuses
To attract players to the platform and retain them, the casino offers handsome bonuses. In fact, 1xBit has some of the most attractive bonuses in the industry, with an astonishing Welcome Deposit Bonus, which users of the platform can earn bonus points from every time they place a bet.
The 1xBit Welcome Bonus matches deposits to the platform by 100% up to a whopping 7 BTC.
This bonus code is available both for the sports betting and the online casino.
- 1st deposit (matched 100% up to 1 BTC)
- 2nd deposit (matched 50% up to 1 BTC)
- 3rd deposit (matched 100% up to 2 BTC)
- 4th deposit (50% up to 3 BTC)
Some conditions need to be met first to qualify for this amazing deposit bonus.
Welcome Bonus requirements:
- At least 5 BTC must be deposited.
- Only available for registered active players.
- Bonuses are triggered on the second, third and fourth deposit.
- To receive bonuses, users will need to consent to it in the ‘take part in bonus offers’ section of My Account.
- Bonuses for the 2nd, 3rd and 4th deposits are only available and credited if the amount for each deposit is greater or equal to last.
- The received bonus will need to be ‘rolled over’ before it can be claimed.
Other bonuses are available, and customers who sign up to the platform will be notified of the latest promotions by email including Promo Codes. The Welcome Bonus was correct at time of writing but check out the bonus page to confirm if it’s still active.
Conclusion: Should You Play on 1xBit
1xBit is an excellent option for anyone who wants the flexibility of being able to play your favourite casino games while also being able to place bets on your favourite sports at the same place with your favourite cryptocurrency. We were impressed with the user interface designed to cater to both the experienced and beginner player.
1xBit casino features a wide range of cryptocurrencies and industry-leading security measures like SSL encryption, suggesting a serious betting platform that is intent on securing a segment of the rapidly growing crypto casino and crypto sportsbook markets.
The welcome package and time-sensitive promotions are quite lucrative and will no doubt encourage many to sign up to the platform.
The mobile app is available on both Android and IOS. It offers a more straightforward interface with great functionality, providing a convenient way to bet on the go.
We found the 24/7 customer support through live chat or email highly responsive, which will no doubt appeal to users who are unfamiliar with the UX of these platforms. The sheer amount of games on offer provides a great deal of choice for both the sports buff and fans of the latest casino games.
All in all, we would recommend 1xBit to both beginners and more experienced players. Sports gamblers will also be impressed with the range of games featured.
Yes. Betting on eSports is a rapidly growing segment of the gambling industry, with serious tournaments and commentary teams a growing trend. Betting lines are available for some of the popular games in the world right now like Fortnight.
The 1xBit platform has been translated into over 60 languages. However, customer support was only available in English at the time of writing. With cryptocurrency a nascent market, some countries are not supported by the platform due to a lack of regulatory clarity. The good news is if you can access the website you can play the games as unsupported countries are automatically geo-blocked.
Yes. The website is well laid out with the various betting markets clearly marked into sections. Navigating the site is intuitive and simple when you are searching for a particular game. The filter option is a great way to locate the game you want to play.
1xBit recognizes users have privacy concerns and wanted to streamline the sign-up process. That is why you can sign up to the platform without identity verification procedures like KYC.
Yes. 1xBIt features a loyalty program to reward active users of the platform.
When it comes to depositing to the 1xBit account, there are several linked crypto exchanges. This number will vary depending on what country you are residing in. It is probably more prudent to purchase your crypto before accessing the platform as we could not confirm exchange rates.