Cloudbet is one of the best-known operators in the Bitcoin sportsbook & casino market. In this article, we’ll go through the registration process and introduce Cloudbet offers and main features. If you are new to this site, Cloudbet review will answer to all your questions!
Cloudbet review – background and registration
Cloudbet is one of the oldest and best-known Bitcoin sportsbooks. The betting started as early as 2013, when Bitcoin price was just 200 dollars. Back then, Cloudbet was the first major online operator to offer sports betting with cryptocurrencies.
The site has developed fast over the years and added also live betting and live casino. It’s also localised to seven different languages, including English of course. Cloudbet doesn’t accept users from USA, UK, Hong Kong or Singapore.
Next, let’s register a new account!
Opening a new Cloudbet account is fast and easy. After entering the site, click the green Join button on the top right corner. A simple registration form opens, where you are required to input your e-mail address, selected password and the date of birth.
After registration, a confirmation e-mail will be sent to your inbox. Click the account activation link and you’re forwarded back to the site!
Next, a welcome screen opens. The site asks you to choose between BCH and BTC as currency. This means Bitcoin Cash or Bitcoin. You can use either one and also change this preference later.
What does this selection mean in practice? It’s basically the same thing as choosing between different fiat (EUR, GBP, USD etc.) currencies. It’s just a visual thing and a preference for each user. Do you like to place a bet of 0,1 Bitcoin or 2,0 Bitcoin Cash. Probably 90% of the people can figure out the fiat value easier from Bitcoin, so we recommend using that.
After the currency selection, you are asked to pick yourself a unique nickname. This cannot be changed later, so spend a few seconds thinking about it. It’ll be used for example in the live casino.
That’s it – you’re all set! You don’t need to give any additional information.
Cloudbet welcome bonus
Important! Read this chapter carefully before making a deposit
Cloudbet has a massive welcome deposit bonus: 100% up to 5 Bitcoins! This is given for the first deposit, so you’d think carefully how much to deposit in order to get the maximum bonus.
Normally, it’s highly recommended to make a small test transaction first when using new services in the crypto world. But, if you do that at Cloudbet, you’ll lose the massive bonus. You need to make a minimum deposit of 0.01 BTC to be eligible to it.
The bonus balance will be automatically released after your deposit. Once you place bets or play in the casino, you’ll earn loyalty points. More and more of the deposit bonus is then released incrementally.
You can find the bonus T&C from the footer menu under Promotions. Always read terms and conditions carefully before making deposits.
Cloudbet deposit and withdrawal
In order to play at Cloudbet, you need to make a deposit first. This is as simple as making any other cryptocurrency transaction.
You can access your account details and the deposit page from the top right corner of the site. Make a deposit by clicking the green Deposit button. Next, you’ll land to a page which looks like the picture below.
As you can see, the Bitcoin is activated as your currency. Once you have clicked the green button, a new page opens showing your Bitcoin address. Send as many Bitcoins to that address you want at any time.
Your funds will be activated once your transfer is processed and confirmed in the blockchain. This depends your wallet operator as well. Typically, you’d see the deposit in 15-30 minutes once the transaction has been sent from your wallet first (note, that your own wallet operator might process it for some time).
Note that minimum deposit amount is 0.001 BTC.
If you have winnings to withdraw, the process is as simple. Click MY ACCOUNT link from the top right corner and select Withdraw. A following page opens.
Withdrawal from Cloudbet is as easy as withdrawing your funds from cryptocurrency exchanges. Just type the amount in Bitcoins you want to withdraw and enter your address. Make sure you are withdrawing to a Bitcoin address, if you have Bitcoin selected as your currency. There’s always a small fee when making Bitcoin transactions. It’s visible on the page as well.
Once you have everything ready just click the green Withdraw button.
Note that minimum withdraw amount is 0.001 BTC. There is no maximum amount and smaller withdrawals are processed instantly. There is no KYC process you need to go through either. Large withdrawals might require manual processing, but even they’d go through very fast.
Cloudbet sportsbook and casino
Cloudbet is both a high-quality sportsbook and casino. The sportsbook has all the major events and leagues you can imagine. There are thousands of different betting options and sub market, like goal scorers and different handicaps in ball sports.
The limits are not small either. Though, they vary a lot depending on sports. You can bet 0.1-0.5 BTC to early market soccer, which is a quite typical limit. If you want to bet on cricket, you can place up to 5 Bitcoins depending on the odds.
Cloudbet even has a special high limit policy, because they want to attract high-stake players. This is a good place to go if your stakes are limited elsewhere. Cloudbet also offers special odds to popular sports events. Check the offers from this blog post. There are also good news for the smallest players: minimum bet accepted is just 10 satoshi!
The sportbook works like any “normal” sportsbook would. Cloudbet has also live in-play markets to dozens of different sports. If you are a betting enthusiast, you’ll find all your favourite leagues from here.
Cloudbet has also a proper casino, which will give you thrills with dozens of different slots. The casino has selections from all the major game providers, such as NetEnt, Play’N Go, Microgaming and Quickspin.
The casino has normal slots, jackpot slots, table games, video poker, virtual sports and instant win games. There is also a fantastic live casino with dozens of different games you can play with real dealers.
Cloudbet has also tons of different promotions for casino enthusiasts. You’ll find a different bonus for each day of the week from “Money back Monday” to “Turbo Thursday”. There are also slots and table game tournaments available.
Whether you are a sportsbook or casino fan, Cloudbet got you covered.
Cloudbet support, security and withdrawals
As mentioned earlier, Cloudbet has established itself at the forefront of the Bitcoin gambling industry. They have operated since 2013 and built a solid reputation over the years. Based on the reviews online, Cloudbet is looks like a safe operator to use.
If you need support, there is plenty available. Cloudbet can be reached via Twitter, Facebook or the Bitcointalk forum. There’s also an FAQ, e-mail and chat support available. You’ll find more information under Help and Social & Community in the footer menu.
Cloudbet is also storing your Bitcoins safely. The customer funds are kept safely offline in a cold storage. The withdrawals are handled from a hot wallet, which only has a small amount of the funds in order to process customer requests.
Cloudbet is licensed under both E-Gambling Montenegro and Curaçao eGaming.