Cloudbet Casino - Overview
- Currencies: Bitcoin
- Licenses: Curacao|Montenegro
- Website: / Cloudbet.com
- Free Sign up bonus
- Bonus on Deposit
- Bonus Terms & Conditions
The virtual world has given you the ease of playing your favourite casino games with the simple clicks. The convenience offered by the online casinos are making betting and gaming platforms easy and entertaining. One of the few casinos giving you the wholesome experience of sportsbook and casino at one go is CloudBet online casino. For those looking for the updated information on the Cloudbet, this Cloudbet review will cover all the important details to help you select the right platform.
The Cloudbet bitcoin casino is an online sports betting and casino platform established in the year 2013. The website is well known for attracting casino players with some of the industry’s best-known features. The site has gain lot of popularity from the very beginning when the bitcoin online casinos had started and the site still maintains its reputation in the business.
Cloudbet casino holds licenses from Montenegro e-gambling giving its users security on fully authorized casino platform. The site offers one of the advanced gaming platforms with an authentic layout and polished looks. The site interface is professionally built and navigation is easy as everything is placed well and work properly. The homepage has very to the point and realistic feel making it very compelling that would make you want to sign up.
To start the process, you need to sign up and provide details such as DOB, email address, and password with final verification via email. The process is simple and takes about a minute. Making a deposit on your Cloudbet account is very easy as all you need to do is to select the Deposit button and copy the bitcoin address and paste it to your bitcoin e-wallet to make the bitcoins deposit. For mobile wallets, there is an option of choosing QR code and the minimum deposit requirement is 0.001 BTC with no set maximum limits.
In case of withdrawal even though the site claims to offer instant withdrawals the FAQ page states that it may take around twenty-four hours for the transaction process. The dashboard is simple and clutter free and gives you an accompanying guide to describe what each section is all about.
Cloudbet is officially licensed by E Gambling Montenegro with the license number 133-01/15 5A I 1ERR. The site utilizes 128-bit SSL encryption method to make sure that highest safety standards are met. The casino games are audited and RNG tested.
The emphasis on security and privacy provides two steps customer authentication process to all the customers. The bitcoins are kept safe with the help if cold and hot wallet maintenance. The online wallet also known as the hot wallet is to be filled with enough coins for daily requirements while the separate wallet (cold) is maintained to secure funds away from the online portal to provide greater security.
It is also to be noted that Cloudbet doesn’t claim to have their games provably fair but since bitcoin payment system is regarded as the most transparent and secure system on the web, the site is regarded as the safest to play on. Also, the RNG (Certification of Random Number Generator) certification and GLI (Evaluation by Gaming Laboratories International) also confirms the fair play.
Since Cloubet is also a sports betting platform there are different bonus and rewards points for casino and betting segments. In the beginning, the welcome bonus is offered to all the players up to 5BTC offering 100% match bonus on your first deposit. But since you are playing with bitcoins, the amount is reflected in your loyalty balance. To use this bonus, you will have to obtain loyalty points which can be converted to Cloudbet free bitcoin balance. For every 800 earned loyalty points, you will get 0.01 BTC of the deposit bonus. In total, you would require 400,000 loyalty points to earn complete 5 BTC.
The loyalty points are calculated as follows:
For our sportsbook games:
Loyalty points = stake (in mBTC) x price score (up to 1)
The price score is the square root of the odds, minus one (decimal odds). The maximum price score is 1.
If your stake is 100 mBTC (0.1 BTC) and let’s take odds of 3.00 for example, then Loyalty points = 100 x (√3 - 1) = 73.2
For our casino games:
Loyalty points = stake (in mBTC) x game score
The game score varies depending on the game you play. Slot games earn the most points, blackjack earns the lowest points.
For example, Live Roulette earns 0.216 points, European Blackjack earns 0.049 points, and The Slotfather earns 0.345 points.
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That would mean that if you wager 1 BTC on Slotfather you get 345 loyalty points. When you reach 800 points your account gets credited with 0.01 BTC which is money you can play with or withdraw.
The Cloudbet free BTC can be claimed within 365 days after the activation as a part of first deposit bonus. The first-time bonus is the only exclusive bonus offered by the site. That’s where the site missed its scoring points because even though the first-time bonus is a generous one, there are many terms and conditions attached to its output. The bonus is specific to certain sports and casino games giving you the loyalty points. The site doesn’t have any other second or third deposit bonus or any Cloudbet bonus code like other online casinos.
As a leading Bitcoin casino and sportsbook, the affiliate program attracts lots of users giving them a platform to generate revenue for the lifetime. For more information on their affiliate program, you can check their affiliate page.
As discussed before, in terms of Cloudbet promotion, and Cloudbet free spins, there is no first good news for the players looking for Jackpots or free spins. Except for its welcome bonus, currently, there are no other type of promotions offered by the site.