Cloudbet

Cloudbet Casino Introduction

Cloudbet is a relatively large, well-respected crypto casino and betting site. The platform itself offers all sorts of betting and online gambling services. This ranges from sports bets to Bitcoin roulette, crypto-funded card tables, and so on.

Widely considered to be a front-runner among crypto-focused gaming venues, Cloudbet prides itself on innovation. Not only was this one of the first sites to focus on payments via Bitcoin and Ethereum, but it was also one of the first to leverage the advantages of crypto payments. This is reflected in the blisteringly fast withdrawal times as well as interesting, tailor-made bonuses and promotions.

Unlike some of its competitors, Clodubet also boasts a staunch dedication to fair gaming practices. It’s licensed in Curacao and operates all over the globe (as you would expect), satisfying thousands of customers since 2013. The brand and all related operations are owned by Halcyon Super Holdings BV. This company operates a number of online casinos and related businesses, namely Cloudbet and Latinbet24.

Cloudbet Casino Bonuses and Promotions

This site boasts one of the biggest and most interesting reward systems around. If you love a good loyalty program, you’ll love it here as well. Of course, it’s not the only Cloudbet casino bonus. We’ll go through the whole list, starting with the new customer deal.

The Cloudbet welcome bonus offers a 100% increase on your first deposit, up to a maximum of 5 BTC. As of the writing of this review, that amounts to just under $260,000 – impressive by any measure. However, it comes with a catch. Much like regular wagering requirements, Cloudbet bonus funds are locked behind a sort of point system. You can release the funds and even withdraw them by wagering on any games in the Cloudbet lobby. For every 150 points collected, an increment of the bonus is released, which varies in size depending on the amount you took on as a bonus. Welcome Bonus points are collected using the following formula:

Welcome Bonus Points = Converted Stake x 0.008 x (100-RTP)

It’s an interesting alternative to the classic playthrough requirement because it takes into account the RTP of the game. This means you can release the bonus using any type of game, including live casino games and blackjack, which is rare with online casino sites. However, “safer” bets will release it much slower.

Speaking of which, the massive Cloudbet marketplace is one of the more interesting reward systems we’ve seen. The idea is simple – for every bet you make on the platform (both casino and sport), you receive lightning points. These can be exchanged for anything from free spins for slots to a Lamborghini. Fun stuff.

Assuming few players ever earn enough for a Lambo or a Rolex, it’s still nice to get to pick and choose free spins and prizes. To illustrate, you can specify which game you want free spins for.

Additionally, earning Lightning Points slowly but surely increases your Loyalty rank. Higher ranks earn more points, additional prizes, and other perks.

Cloudbet Alternatives

Cloudbet Casino Banking Methods

Cloudbet is a crypto betting site, first and foremost. This is an upside to some, but a major downside to others. You simply cannot use this service with regular old fiat money – you’ll need to convert it into crypto, one way or another. Thankfully, there are many advantages to using crypto in online casinos, including speed and security.

If you need help figuring out how to deposit and withdraw crypto from online casinos, check out this guide.

Deposit Options at Cloudbet Casino

Another good thing about crypto payments is the fact that you can choose how to make your payments. You can use any wallet, exchange, or payment service that you prefer. Each player gets their own, customer-specific wallet address that they need to deposit into. Simply transfer your funds to the provided address, and you’re good to go.

All deposits to Cloudbet are instant and have no fees from the provider’s end. However, most currencies have built-in transaction fees, so you should consider that before picking your payment method.

Considering its razor-sharp focus, it’s no surprise that Cloudbet supports a staggering number of currencies. We’re not exaggerating here, either – more than 30 currencies are accepted, some of which we’ve never even heard of. The biggest and most widely used options include:

Bitcoin

Ethereum

Dash

Tether

Ripple

There isn't really a minimum deposit on Cloudbet, which is another perk. However, you'll need to deposit at least 0.001 BTC to claim the welcome bonus, or the equivalent in other currencies. This translates to around $50, which isn't negligible.

Withdrawal Methods at Cloudbet

Much like deposits, withdrawals at Cloudbet are strictly crypto-based.

All of the same currencies are accepted as with deposits, so there’s not much to talk about here. Withdrawals are instant and free of any transactions, barring the base transaction fees of the crypto you’re using. You can check out a complete rundown of all of the transaction fees on the casino itself, which is quite handy.

The minimum withdrawal on Cloudbet is just 0.0001 BTC, or around $5 as of the writing of this review.

Available Currencies on Cloudbet Casino

As noted above, the site accepts a truly impressive range of different cryptos. Available options include BTC, ADA, ALGO, AVAX, BCH, BNB, DAI, DASH, DOGE, DOT, EOS, ETH, FTM, stETH, LINK, LTC, MATIC, PAXG, SHIB, SOL, TRON, UNI, USDC, USDP, USDT, USTC, XLM, XRP, and ZCASH.

Cloudbet Casino Review - Final Thoughts