CLOUDBET REVIEWQuick Registration ProcessHigh Betting LimitsHigh SecurityLacks Provably Fair DocumentationLimited to One Bonus4.5Overall ScoreFairnessDeposit BonusNumber of PlayersJackpots & Free SpinsSupportReader Rating 2 Votes
Cloudbet is relatively new to the online casino marketplace, but quickly and effectively is making a name. The bitcoin casino offers the basic casino games, but really marks its territory with its second to none sportsbook.
Cloudbet provides a competitive outlet for high stakes risk takers that are looking to find anonymous and secure action. The bitcoin casino has a seamless sign up process that makes it easy to get registered and into the action in less than 5 minutes. Cloudbet provides this opportunity, along with a mobile friendly experience build on HTML5 technology and top of the line security features.
Cloudbet accepts players across the globe, including the United States, to wager on an exhaustive list of games in a secure environment.
Cloudbet offers players with the standard 100% initial deposit match. In Cloudbet parlance, the welcome bonus does excel in one spectacular fashion. For high wager risk takers, then Cloudbet has one of the highest bitcoin matches in the industry.
As Cloudbet makes clear as it details the welcome bonus process:
“Make your first bitcoin deposit and we’ll match it 100% (up to a maximum of five bitcoin). It’s just one of many perks of Cloudbet, where we like things easy and rewarding.”
Additionally, players should note that the bonus is tied to a fairly simple loyalty program. Like most online casinos (and traditional casinos), players must spend time active in the casino in order to unlock the welcome bonus.
- Bonus is automatically credited upon your first bitcoin deposit.
- Bonus balance is tied to loyalty points balance.
- Cloudbet releases 0.01 bitcoin for every 800 loyalty points. The 0.01 BTC increments appear in the player’s account (and are only up to the maximum amount of five bonus bitcoin).
Cloudbet also has some rules around minimum deposits and redemptions.
- Minimum deposit to receive a bonus is 0.01 BTC.
- Players have 365 days to claim complete bonus after bonus is activated.
- Players can view bonus balance on player dashboard and amount of loyalty points needed to release the next increment.
For any and all additional promotional and loyalty programs questions, then Cloudbet provides more details on how players can earn loyalty points. The program is designed to provide loyalty points based on the game of choice.
Reward points are calculated using a standard game play formula. For the sportsbook:
- 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.
And for casino players:
- 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.
- Live Roulette earns 0.216 points, European Blackjack earns 0.049 points, and The Slotfather earns 0.345 points.
Points are awarded based size of wagers, so more loyalty points are awarded to larger wagers. Cloudbet is truly one of the best online bitcoin casinos for high stakes players.
How to Use Cloudbet
For risk takers that want to start playing on Cloudbet, then it is important to consider some things. From the types of games to the registration process, which includes how to deposit and withdraw your winnings!
Games on Cloudbet
Cloudbet offers players with the standard casino games. The bitcoin casino also offers live casino games to play with other Cloudbet players around the world.
Although Cloudbet has the traditional games for players of all levels, the bread and butter of the casino is the sportsbook. Cloudbet may have the most exhaustive sportsbook in the bitcoin gambling industry.
Not only does Cloudbet cover the major US sports, but it also includes US college sports, and excels at offering wagers for international soccer competition. Cloudbet offers odds with virtually domestic league in Europe and South America, along with North American contests and many Asian matches as well.
In addition, CloudBet provides odds for a variety of other sporting events around the world. Some of these include Aussie Rules football, bandy, volleyball, boxing, cricket, curling, cycling, darts, field hockey, mixed martial arts, floorball, futsal, handball, golf, rugby, snooker, tennis, swimming, and more.
For experienced individuals, the sportsbook primarily offers standard wager options, which include futures bets, player bets and a few prop bets. Cloudbet does not offer teasers, which may be a negative for some risk takers.
Cloudbet does offer live sportsbook action! This is a claim that few other rival sportsbooks can make.
Easy Registration Process
Cloudbet provides players with a tremendous user experience and industry leading security. As part of the security features, which still allows for lighting fast deposits and withdrawals, players must register with an email address. The sign up form is pretty basic, but does require email and date of birth, which means players have a small tradeoff between security and anonymity.
As more online casinos enter the industry, then the use of email address as part of the registration process is a point of differentiation. Most of the trustworthy bitcoin casino sites require an email address. Like many internet sites, for security reasons, Cloudbet does require an email verification as part of the registration process.
Cloudbet understands the need for anonymity and privacy. The registration process attempts to balance these demands accordingly.
Deposit and Withdrawal Process
Cloudbet continues the theme of security throughout the account funding process.
At Cloudbet, deposit minimums are 0.001 bitcoin. The Cloudbet deposit minimum is among the lowest of all the online bitcoin casinos.
Once players fund accounts, then all bitcoins are kept in cold storage.
Cold storage is an exceptional level of security that few other bitcoin exchanges, let alone, bitcoin casinos offer their customers. As part of the security features, then Cloudbet does require two-step authentication.
Players should understand that there are some anonymity tradeoffs with Cloudbet because of the additional security features.
However, players can efficiently make initial deposits, which do not require confirmations once the account is established. As part of the security measures, there are some minimal restrictions on withdrawals. Players that establish three confirmations will have access to instant withdrawals. Cloudbet does take up to 24 hours to process large cashouts.
All in all, the security measures aim to avoid fraud and theft. Players should consider this an advantage of the Cloudbet casino.
Cloudbet took many strides to rely on technology to provide a premium gaming experience. The vast majority of the support relies on email correspondence with the Cloudbet staff. During normal business hours, then Cloudbet typically responds within a few hours (and response should occur within 24 hours).