In this mBit review, we go over the casino’s various features and functions. In order to analyze the platform, we investigate its ownership & license and games that are available for crypto gambling. We also go through its bonus programs, privacy & registration processes, and security, constructing pros and cons as a conclusion.
It is important to note that main tools for you to use are bonuses offered for new entrants. Since mBit offers similar first, second and third-time deposit bonuses, we compare the findings with competitors. Other cryptocurrency casinos mentioned in this article are BitStarz, Fortune Jack,and Bitcasino.
Ownership & License
Like most of theother gambling operations, mBit’s headquarters are located off-shore. The online cryptocurrency platform was established by a company called Direx N.V. in 2014. Enterprise is a licensed business in the State of Curacao with another office located in Nicosia, Cyprus. The European branch also holds the name of Direx Ltd. and operates the website‘s development as well.
As for the license, much like other online gambling companies, mBit got its legal permissions from thegovernment of Curacao. The registration number is 131879 while the license itself is fully regulated by Antillephone N.V. In this aspect, mBit does not differ from BitStarz, Fortune Jack,andBitcasino, since they all got permissions from Curacao.
mBit has one important distinction from other platforms safe for Bitcasino and that is the sportsbook. You can bet using cryptocurrencies on various sports, including American Football, Soccer, Baseball, Basketball, Tennis, Ice Hockey, and many others.
You can check out the sports betting platform of mBit in the picture below.
As for the casino games, you have regular opportunities as all other competitors, them being Slots, Jackpot, Table Games, and Live Games. An important distinction from BitStarz is that all of these games are playable using crypto coins. Thus, the sheer number of gambling games for you to choose from is large, much like in other crypto sites.
Slot machines are the most extensive in terms of games and service. New ones are added on regular basis, depending on how popular they might be. The fairness level is low as expected, though to be fair, others are not much different in that particular aspect of gambling.
Crypto & Fiat currencies
Unlike BitStarz, which is oriented more towards fiats, mBit focuses mostly on cryptocurrencies. You do have EUR as “real” money to bet on the platform but thefocalpoint of the site are digital coins. At mBit, you can bet using bitcoins, Ethereum, Bitcoin Cash, Litecoin,andDogecoin. Other platforms use bitcoins only, putting the mBit on the top of our chart where coins are concerned.
Another important distinction of the platform is that bonus system is applicable for all cryptocurrencies. More information about that aspect of the online casino can be found in the following section.
The bonus system in mBitcan be seen as yet another disadvantage of the company. The number of bonuses isunderwhelming when compared toother competitors. For example, Fortune Jack offers 110% of your first ever deposit, up to 1.5 BTC. Add to that 250 free spins, and you get the idea. mBit does not offer free spins for newly registered accounts while the bonus system is organized as follows:
First Deposit Bonus: 200% of up to 50 mBTC / 300 mBCH / 300 mETH / 3 LTC / 75,000 DOGE
Second Deposit Bonus: 50% of up to 50 mBTC / 300 mBCH / 300 mETH / 3 LTC / 75,000 DOGE
Third Deposit Bonus: 25% of up to 50 mBTC / 300 mBCH / 300 mETH / 3 LTC / 75,000 DOGE
BitStarz, Junior Jack,and Bitcasino all offer fourth (or even more) deposit bonuses. Junior Jack and BitStarz go even further than that, as they offer a large number of free spins. Additionally, Bitcasino has 20% for every deposit ever made.
Concerning requirements, you have the standard 40-time waging demands in order for thebonus to be part of your balance. Do take note that maximum bonus is equivalent to $1.000 and one bonus program can be active at the time.
Privacy & Registration
When registering anaccount,you do not need to provide any personal details, apart from email address. Compared to BitStarz which asks you your first and last name, mBit is completely private platform to bet on. The company does reserve the right to ask for KYC-related documents, such as scanned ID, at any time.
This might be the case for first ever withdrawal or if the transfer of coins holds large volume, as to prevent scams. Registration itself is pretty straightforward, without even email verification needed.
The only downside of the process is that individuals under 18 can easily register an account and use services without any issues. We do see this as a problem since underage gambling is illegal while precautions are largely minor.
Security can be seen as a main weakness of the site since there is very little to protect in case of ahacking attempt. The only real tool you have is the IP address history and that is offered on site. You do not have two-factor authentication (2FA) protection tool like in BitStarz. You only have apassword manager, which can come as a hindrance even if cybercriminal successfully takes control of your profile.
There are no API tools for you to use and neither is email notification system available. Thus, we can only recommend for you to keepafew coins lingering on the site. Any large wins should be withdrawn immediately to safeguard your assets.
Pros and Cons
In this section, we offer advantages and disadvantages compared to other platforms, such as BitStarz, Fortune Jack,and Bitcasino.
- several cryptocurrencies available for gambling and bonuses
- sportsbooks available for clients to bet on
- completely private platform to gamble in
- lack of any security tools apart from password manager
- small bonuses when compared to competitors
- no protection for underage individuals
We have reached the end of our mBit review in terms of features, functions,and bonuses the platform has to offer. mBit, apart from light privacy requirements, really does not stand out from other platforms. We still stress that it is an eligible gambling site and has a lot to offer, though disadvantages are there.
The bonus system is of lower value than with others and there are no security tools that you can use. Whereas others have four or more deposit bonuses and free spins, mBit has only three deposit bonuses available.