In this article, we made casino BitStarz review in order to bring you fresh information regarding the platform. We go over the website’s ownership, license, available cryptocurrencies, bonus programs, privacy, and security features. We analyze bonus system offered for first, second, third and fourth deposits in terms of value and requirements they bring.
We compare the findings with other similar platforms like Fortune Jack, mBit,and Bitcasino all around the article. We construct pros and cons as a conclusion, which you can use when comparing other online crypto casinos with BitStarz.
Ownership & License
BitStarzis owned by a group of financial professionals, dedicated to bringing digital gambling into the cryptocurrency industry. These professionals formed a company called Direx NV, registered by the government of Curacao. The year of establishment was 2014 with headquarters located in Nicosia, Cyprus.
The license was also provided by the Curacao authorities, with the registration number being 131879, as stated by the platform. It is important to note that other online casinos use the said region as abase of license and registration of the gambling operations.
mBit, Fortune Jack, and Bitcasino all got their licenses from Curacao. The reason is simple – thecost of the license is low, currently standing at theUS $19,850 while tax rate stands at 12.5%.
BitStarz offers a wide variety of online gambling games for you to choose from. Over 1.000 types of gambling games are available for you, including an even live casino. You have five large categories that you can try your luck with. These are:
- Table Games
- Live Casino
- BTC Games
For crypto traders, the BTC games and Slots are the ones that hold most interest, as shown above. You can play with BTCs expressed in individual satoshi or mBit, depending on your gambling strategy. Other games like Jackpot, Table Games, and Live Casino all require fiat currencies, such as USD or EUR.
When it comes to BTC betting, BitStarz underperforms when compared to all others. It does use fiat currencies, alongside with BTC, but crypto gambling lacks games. Other platforms allow you to play various games while betting digital coins while mBit and Bitcasino even offer sportsbook betting. Thus, you have a very limited number of gambling options at BitStarz casino, when compared to competitors.
If we are talking about fiat currencies, BitStarz would pretty much come on top of everyone else in the crypto world. It offers EUR, USD, SEK, NOK, CNY, RUB, AUD, BCH, LTC, and CAD as means of payment. The money itself can be deposited with the use of Skrill, credit cards, Neteller, LavaPay, Qiwi, Paysafe and bank transfers.
Crypto coins, however, come in very limited, as only bitcoins are available as gambling asset. This is especially true when compared to mBit, who allows Bitcoin, Litecoin, Dogecoin, Ethereum and Bitcoin Cash to be deposited.
On the course of bonuses, BitStarz offers fairly standard promotions when compared to the crypto industry. You have different programs that you can benefit from depending on how many times you wish to deposit coins into the platform. You can check out these promotions in the picture below.
The following programs are available to you:
- First Deposit: for first deposit you make, you get a matching bonus of 100% and 180 free spins (Boomanji, Fruit Zen or Wolf Gold only).
- Second deposit: for thesecond time, you have 50% bonus available for up to 1 BTC.
- Third deposit: another 50% bonus of up to 2 BTC.
- Fourthdeposit:last bonus of 100% of up to 1 BTC.
You also have to satisfy several requirements that are set for the deposit bonuses. Firstly, you can have only one promotion gig running at the time. Next, the amount of profit that you have to get in order for thebonus to be part of your balance is the waging. You need to win 40times bigger money that the bonus you have got.
Putting it simply, if you invest 1 BTC, you have to get 40 BTC in order for abonus of 1 bitcoin. That is quite a high number of coins to have, especially now when the value of coin stands at approximately $10.000. Others, with the exception of Bitcasino, offer similar programs and requirements.
It is free to register an account and play demos at BitStarz. You can use “Fun Money” to try out different games before you decide to play for real. You need to provide your name and last name but without any documentation at this stage.
In case you wish to withdraw money from the platform, thecompany reserves the right to ask scanned ID from you. This is true for those withdrawals that do not hold bonus in them. In retrospect, without bonus included, there is a good chance that you will be required to supply your scanned ID.
Concerning account protection, you have Google authenticator and password manager at your disposal. The two-factor authentication (2FA) is standard in the industry since other platforms like mBit, Fortune Jack, and Bitcasino all have it.
You also have an IP address records, showing you the last login location. This is agood feature to keep an eye on, as it would show you if there was a hacking attempt.
Pros and Cons
Putting everything together in our casino BitStarz review, although a legit platform, it does not offer a competitive bonus program. This is mainly caused by large waging requirements by the company, alongside with needed verification if thebonus is not part of the withdrawable balance.
Platforms like mBit and Fortune Jack have more to offer, especially since BitStarz allows bitcoin gambling on slots only.