After mBit, Fortune Jack and BitStarz guides, the Bitcasino review came as a natural continuation of our crypto gambling industry analysis. In this quick guide, we go over the platform’s ownership, legal registration, available currencies, promotions, privacy and security features. Since Bitcasino also implements first sign-up deposit bonus system, we benchmark the BTC promotions with its competitors.
Stay tuned as we create pros & cons analysis at the end of the article. These are used to compare other platforms, such as mBit, Fortune Jack,and BitStarz, in terms of above-mentioned indicators. We conclude with general remarks about the gambling site and how profitable it can be for crypto investors.
Ownership & License
Bitcasino and its platform is a sole property of mBet Solutions NV, a company based in Curacao. The owner organization is governed and licensed by the government of Curacao, with the license number being 1668/JAZ. The operator of the website is LuckboxEnt. Ltd., dedicated to the customer service and maintenance of the gambling system.
The interesting fact about the ownership and license is that Bitcasino follows the same path as its crypto gambling counterparts. mBit, Fortune Jack, and BitStarzare all licensed and registered in the State of Curacao. Reason for such development lies in low net income tax rates and license expense. Companies pay up to 12.5% of the net profit while license expense currently stands at approximately $19.850.
Bitcasino is similar to mBit in the aspect of available games. Apart from thecasino, you also have sportsbooks available to bet on using bitcoins. There are numerous available sports that clients can gamble on, with the most popular ones being Soccer, Basketball, and Tennis.
Bitcasino signed a legal agreement with SportsBet platform, which offers the sports betting platform. Under the agreement, you can easily transfer funds from casino to SportsBet and thus have access to numerous games on both platforms.
As for the casino games, the classic categories apply, much the same as with Bitcasino’s competitors. You have Slots, Live Baccarat, BlackJack, Jackpots, and Live Dealer to help you earn BTCs. There are over 1.300 games available to you with the jackpot games combining the value of the reward up to 1.500 BTC.
Crypto & Fiat currencies
The only available cryptocurrency in the Bitcasino is bitcoin. You do not have fiat currencies, as the case is in BitStarz (8 of them, including USD and EUR). mBit, for example, has 5 cryptocurrencies, ETH and LTC included as well. Thus, this section of the platform is deemed as a disadvantage, since competitors seem to include more and more currencies.
Thus, only BTC wallets apply as deposit and withdrawal method. You should account for small network fees before you decide to withdraw bitcoins to your personal account.
In this section, as with other casino reviews, we go over first-time sign-up promotions only. The program at Bitcasino can be considered as one of the most competitive ones out of four, as you have aliterally unlimited bonus as soon as you create an account. The program is divided into the following categories:
– 1st Deposit Bonus: 100% of bonus coins for up to 1 BTC
– 2nd Deposit Bonus: 50% of bonus coins for up to 1 BTC
– 25% Reload Bonus: up to 5 times a day, you get 25% bonus for up to 1 BTC
There are no free spins from the first-time promotions but the 25% reload bonus makes up for it. All other platforms have abonus for first three of four deposits. You also have the ability to combine multiple bonuses of 25% a day (five times to be exact).
Another strong point of the platform is its bonus requirements. You need to achieve waging rate of 35 times of the bonus amount for thefirst program, while all others come with the rate of 30 times. Other platforms implement the rate of 40 times, which is quite difficult to achieve.
Privacy & Registration
Bitcasino employs minimum personal information required when registering an account. You are to provide ausername, email, and date of birth. The birth date is important in our opinion, as you might need to verify your details, later on, to increase limits or per company’s requirements. In this way, thecompany does create limitations on underage gambling, which is not the case with other platforms.
The verification of your identity is done through bank deposit proof and scanned ID.You would need to provide these documents only if you wish to increase withdrawal limits. The flexible program is seen throughout the industry, as other companies have similar rules as well.
The platform employs regular security functions, where you have a password manager and two-factor authentication (2FA). These can be easily set up while 2FA is available through Google factor only, as seen below.
When compared to competitors, only mBit offers lower (or not at all) security features. Others are very much on the line, as all of them offer 2FA and password manager. BitStarz even offers IP address history and email notifications as means of protection.
Pros and Cons
After careful consideration, the following pros & cons represent the Bitcasino and its ability to attract new customers.
In this Bitcasino review, we went over the platform’s ownership structure, bonuses, and games. We can safely say that the company offers the most competitive bonus system for its clients. The reason for this is that each deposit you ever make in the casino has 25% bonus awaiting you. Next, you need waging rate of only 30 times to claim the bonus amounts.
The main disadvantage is that theonly bitcoin is the only currency of gambling. Other platforms include fiat and other crypto coins, while Bitcasino positions itself as aBTC-only platform.