1xBit Review: Is is a Trusted Gambling and Betting Site
1xbit is a betting website where you can place bets using crypto. We have reviewed the 1xbit betting platform and share our views about the platform, and if we think it’s a safe platform to put your bets on. Read to find out more.
Gambling has always been a major source of passive income. With modern technology and excellent growth in the financial market, the obsolete income-earning businesses have started to expand. This growth also encapsulates the mega cryptosphere. It would be improper of the concerned parties to think about development without involving the modern alternative of finance, Cryptocurrency. The crypto coins are ruling the market and the gambling sector as well. 1xbit is one such leading Bitcoin sportsbook and Casino.
The entire online casino sector is crawling with cryptocurrency. The market is diverse and the range of games associated with cryptocurrency are huge. In such a market, online casinos are way more popular and convenient than traditional casinos. 1xbit is one such gambling place where people can place bets and earn crypto coins in return. Let’s have a detailed look into what 1xbit actually is.
1xbit Details
| Particulars | Details |
| Year founded | 2016 |
| Owner | Anonymous |
| Major purpose | Sports betting |
| Payments | 25+ crypto, cash and online payments |
| Games supported | 400+ gambing games |
| License | Curacao Gambling Authority |
| Mobile app | Click here |
What is 1xbit?
1xbit is a cryptocurrency based online gaming site. The gambling site found in 2016 has made its place in the market and is growing vigorously with each passing day. The platform is mostly focused on sports betting but it also includes more than 400 gambling games including dice games, casino, etc. The best and the most notable feature about the platform is its connection with cryptocurrency.
The growth of the platform is mostly associated with its uniqueness and its acceptance of cryptocurrency. It is a new generation casino platform that offers gambling and gives the players as well as gamblers a one-stop-shop for all their needs. The platform provides bettors with the best deals in order to explore the decentralized nature of casino and online gambling.
What games do 1xbit support?
1xbit supports more than 400+ games. These games include sports, politics, weather and so much more. The games are divided into different categories and each category has various games and activities included in it. The categories are :
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Casino games on 1Xbit
Casino games are primarily the basic business of 1xbit. The platform has plenty of casino games that can be bet onto. Such games include the following :
- Roulette : It is a casino game where people place bets on either a single number, various groupings of numbers, or different colours, etc
- Blackjack is a game which can be played while placing bets on other games.
- Poker is a card game which involves rankings of players.
- Baccarat is a card game played at casinos
Casino games are mostly famous for slot games. These slots feature over 5000 various slot games. Games like The great panda, rise of Egypt, knight of magic, dragon tiger and battle maidens have also managed to bring a major share of revenue for the platform.
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Sports Betting on 1XBit
The platform of 1xbit is popularly known for betting and gambling. These sports betting include betting on thousands of games including matches, politics, and different sports. It also allows players to gang up and support their team or sports of common interest with the country where it is played. One can easily find their interested games and the countries associated with it on the platform.
The team is passionate about sports and engages its audience majorly in sports betting. Along with casino games, 1xbit also allows live betting on sport events that are currently happening like IPL. The digital sports also allow you to gamble on automated virtual sports. In order to place a bet, the user has to choose the sports, the team and the country. This becomes helpful to the player and eases the process of betting.
How to use 1xbit Crypto Betting Platform?
In order to start using the all in one umbrella bitcoin gabling portal, one needs to visit their official website. Register yourself as a user by signing up and earn a bonus. A few more steps and a short captcha will lead you to have your very first 1xbit account. After signing up the user will be assigned an account number and password automatically.
Entering your email address is not compulsory but it is always advisable to link your account with email id. Without an email id, the user will be signed out of their account if the window is closed. So, to be on the safe side, the user should enter their email address and verify it through a confirmation mail. Create a strong password to protect your account against fraudulent activities. If your account is verified, the user can begin depositing cryptocurrencies and then start gambling, playing or betting on different games. But always remember “ Bet what you can afford”
What is 1xbit Welcome BONUS? Is it Real?
If you weren’t intrigued yet, let me tell you something that would excite you to join 1xbit immediately. Every new user on 1xbit is rewarded with a welcome bonus of 7 BTC. The user will have to spend quite a lot (especially in gambling) in order to get their hands on the maximum reward. You will also notice the recurring use of the word “1mBTC” on the platform. 1mBTC is a short form of 0.001 BTC which is roughly 47.56 USD currently ( Rs. 3526.14).
To take part in the bonuses offered on 1xbit, the user has to be eligible according to the various terms and conditions on the platform. The first thing any user has to do in order to get any rewards is to visit “My account” and enable the function “Take part in any bonus offers”. Now, you are ready to take part in any bonus offers or rewards given by the platform.
Here is how it works: the user has to deposit a minimum of 5mBTC (237.72 USD) or any other relevant cryptocurrency. Then, the user has to play 40 times their bankroll, within the first 30 days of depositing in order to receive the entire welcome bonus allotment. The maximum amount for the first deposit is 1BTC. In simple words, to get a 2x bonus on the first deposit with 1 BTC, the user has to gamble 40 BTC worth of funds in a 30 day period.
Here is how the bonus scheme works :
- 100% bonus upto 1 BTC on 1st deposit
- 50% bonus upto 1 BTC on 2nd deposit.
- 100% bonus upto 2 BTC on 3rd deposit.
- 50% bonus upto 3 BTC on 4th deposit.
Is 1xbit a safe betting platform?
There have been a lot of uncertainty and suspicions in the air regarding the users safety on the gambling platform. It is a gamblng platform and the main aim is to provide the best services to their users by offering anonymity. So, let’s discover if 1xbit is actually a safe gambling platform to risk your cryptocurrency on.
The user should never ignore the risks that come along with gambling and cryptocurrency. . The gambling game is risky and the crypto coins are volatile. So, keeping that in mind let’s explore the efforts made by the platform in order to secure the safety of their users.
1xbit is believed to be the sister of the betting company 1xbet. But, there are no official records on the website giving any hints of the two being associated in any way. It is also rumoured to have been licensed by the Curacao Gambling Authority but as usual there are no proofs validating the same. So consider the association and the licensed part a complete red flag.
1xbit is believed to be one of the most developed online gambling platforms which has been actively serving the users with their gambling and betting needs for 5 years now. The user does not have to provide extra information while signing up. Just a username and password would be enough and the user is good to go. The platform has a special anonymity feature for the users where they don’t have to provide their names and address and can play or bet on games with an anonymous id.
1xbit security measures also include firewall SSL encryption technology and TwoFactor authentication. The users are always advisable to enable their 2FA for a second layer protection and security of their account. This 2FA works with the help of google authenticator so the user does not have to provide an email address or phone number.
Wikipedia calls 1xbit “one of the world’s most controversial betting firms”. This is also the reason why 1xbit is banned/prohibited in the USA, UK, Russia, France, Netherlands, Estonia and Cyprus.
1XBIT for IPL 2021
1xbit lets you put your bet for the IPL matches.
FAQ : 1xbit
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Is 1xbit and 1xbet the same ?
NO, 1xbit and 1xbet are not the same platforms and there is no solid proof that either of them are related.
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What is the minimum deposit on 1xbit?
One can start playing or betting on the platform with a minimum of 1 BTC or 10$ in their account.
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What is the minimum bet on 1xbit?
The minimum bet that you can put on sports or games in the 1xbit is 5 dollars of 1 bitcoin.
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Is the platform user-friendly?
1xbit is a gamblng and betting platform, so the website is not very user-friendly for beginners. However advanced users can certainly try their hands on it.
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Is 1xbit legal?
It is rumoured to have been licensed but there are no solid proofs. But, the platform has been running and operating legally since 2016 so its legitimately cannot be questioned.
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How to submit cryptocurrency on the 1xbit platform ?
One must first purchase the cryptocurrencies which are used on the platform from cryptocurrency exchange platforms and then “deposit” them on the 1xbit platform. There are no deposit charges.
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Can a bet be cancelled ?
One must be very careful before placing a bet because there is no way back or to cancel the bet. The user has to cashout the bet money but it cannot be cancelled.
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How to open and delete an account on 1xbit?
1xbit accounts can be opened through the official website, the mobile app or through social media platforms like facebook and twitter.
The account can be deleted only by the help of customer support. One cannot delete a 1xbit account on their own.
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What is the Betslip sale?
The option of cash out or withdrawing the money from a bet or gamble is called Betslip sale.
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Can legal currency be used on the platform?
No, the platform does not allow the use of legal currency for any kind of payment. Mostly, crypto is used.
Conclusion: Is 1xbit a good gambling platform?
Every platform has its pros and cons. The gambling sector is risky but the online safety and association with the alternative of currency is intriguing and worth giving a try. Especially in the IPL season, it is raining bonuses on the platform. It is a revolution for both the gaming industry as well as the gambling industry. The platform is compatible and has been successfully running for 5 years now. The increasing digital world suggests a boom in the business and it might actually grow to be much more satisfactory in the future years.
The security and safety has been a question. We advise you to properly look into it before going further. The money business involves high risk and the users are advisable to only risk what they can afford. The customer services of the platform are claimed to be poor and hence a lot if people experience unsatisfactory services. All said and done, we recommend to gamble and play at own risk and be extra cautious while using the platform.
1XBit Promo Code / Welcome Bonus: 1Xbit offers a welcome bonus upto 7 BTC.
Disclaimer: Betting on involves financial risk. Please understand the risks before you start playing. This article in 1xbit review is for educational purpose only. Please check with the legals of your country before starting to play on 1xbit or any other crypto betting website.
Read more: https://cryptobullsclub.com/1xbit-review/?utm_source=rss&utm_medium=rss&utm_campaign=1xbit-review
Text source: Crypto Bulls Club
