Some critics say investing in cryptocurrency is like gambling. While this is debatable, these same critics are likely unaware of the fact that actual gambling exists within the crypto space (and perhaps you did not either until you stumbled across this article!). Cryptocurrency gambling is not a niche – over 7.5 billion USD was transacted on crypto casinos in 2019 alone!
While this may be a drop in the bucket compared to the 500 billion valuation of the global gambling market, both regular casinos and crypto casinos continue to see consistent year on year growth.
So, now that you are in the mood to really gamble with cryptocurrency investments, where should you go? In the almost endless sea of often sketchy crypto casinos, 1xBit stands out as one of the best options.
What is 1xBit?
Founded in 2016, 1xBit is one of the largest cryptocurrency casinos in existence. Although the platform is visibly geared towards sports betting, a closer look reveals nearly 400 gambling games including slots, digital scratch cards, dice games, roulette, and even a live casino offering classic games like poker and blackjack.
The most attractive characteristic of the platform, however, is privacy. No KYC necessary!
What cryptocurrencies are accepted?
Users can gamble on 1xBit with 25 different cryptocurrencies including Bitcoin, Ethereum, Chainlink, Litecoin, ZCash, Bithsares, Verge, Ethereum Classic, Bitcoin Cash, QTUM, Ripple, Monero, USD Coin, Dash, Dogecoin, Bitcoin Gold, NEM, Dash, Tether, Stratis, True USD, Tron, Digibyte, Paxos Standard, OMG Network, and Basic Attention Token. Winnings can also be withdrawn with any of these 25 cryptocurrencies.
What gambling games are Supported?
The whopping 400+ gambling games offered on 1xBit are divided into the following categories:
- Blackjack (21), which can be played simultaneously while placing bets in other games
- Sports, which features betting on thousands of games across 40 different sports (including politics and weather, oddly enough)
- Live, which lets you bet on sports games currently in progress
- Virtual Sports, which lets you bet on automated virtual sports
- Slots, featuring over 5000 different slot machine games
- Live Casino, featuring classic gambling games including Blackjack, Baccarat, Poker, and Roulette
- 1xGames, over 160 custom party-type games including various dice games and rock paper scissors
- Toto, which offers massive payouts if you can predict the outcome of multiple sports matches in a row
- Extra(s), which offers scratch cards, lotteries, and what appears to be simulated short term stock market betting
We will take a closer look at each of these game sections later in the article. There are a few other important things we need to cover first.
Is 1xBit safe?
While not much is known about 1xBit, a small summary section at the bottom of the 1xBit home page states that they have been involved in the gambling industry since 2016. There appear to be no licensing documents associated with 1xBit but given that they are offering an anonymous user experience it makes sense that they would not disclose too much about themselves either.
An older review of 1xBit also notes that the website appears to be Russian owned. This was revealed by the fact that untranslated text on some of 1xBit’s pages were shown in Russian by default.
Registering on 1xBit
While you can enter a promo code to register on 1xBit (and we recommend you use ours to get an extra 125% on your first deposit by clicking here) you do not need to enter one to register. You can simply click Register And Get Bonus and after a quick captcha, you will have your very own 1xBit account!
An account number and password is automatically generated for you. You do not even need to enter your email but the recommend it since the platform will otherwise log you out if you close the browser by accident (as we found out the hard way!).
1xBit Welcome Bonus
New users on 1xBit can receive up to 7 BTC in bonuses. As you might have guessed, you are going to have to spend (specifically gamble) quite a bit to get your hands on the maximum reward. Before we jump into what you must do, it is important to note the frequent use of the term mBTC on the 1xBit website. For those unfamiliar, 1 mBTC is short form for 0.001 Bitcoin which is roughly 11$USD at the time of writing.
Here is how 1xBit’s welcome bonus works. You have to deposit a minimum of 5 mBTC (roughly 55$USD) or an equivalent amount of another cryptocurrency. You then have to gamble 40x that amount within a 30 day period to get the bonus.
There is a maximum of 1 BTC for the first deposit. Put simply, to get the 2x bonus on your first deposit with 1 BTC, you would have to gamble 40 BTC worth of funds in a 30 day period.
The second time you deposit at least the minimum amount, you will get an additional 50% of what you deposited to gamble with up to a maximum of 1 BTC. In this case that would be 0.5 BTC on a max 1 BTC deposit.
The third time you deposit funds you can again get twice as much as you deposited, but this time up to 2 BTC. The fourth time will again get you an extra 50% of what you deposited, but this time up to 3 BTC. Remember that you must gamble 40x the amount you deposited to get access to these bonus funds!
Deposits and Withdrawals
Now that you have opened an account and know what you need to do to get a hold of those sweet welcome bonus rewards, it is time to deposit some funds into 1xBit. Simply click on the green Deposit button on the top left and you will see a screen pop up containing a list of all supported cryptocurrencies.
Deposits and withdrawals seem to be done on the first confirmation (at least with Bitcoin), meaning you should not be waiting more than 20-30 minutes depending on network traffic.
You can either click on the cryptocurrency you want to deposit and send it to the generated address, or you can buy cryptocurrency using one of the payment portals. Make sure to take note of the minimum deposit amount as it varies depending on the cryptocurrency you are depositing.
Also make sure to take note of the minimum withdrawal amounts because if you deposit too little and change your mind, your funds may just get stuck! You will see a closed envelope next to the Deposit button once your funds have arrived.
Once you have finished gambling and want to withdraw your winnings (or simply changed your mind and want to withdraw), click on My Account at the top of the page and go to the Withdraw Funds tab on the left hand side.
You can withdraw in any asset offered to deposit with, though recall that all winnings are paid out in Bitcoin but can be withdrawn in any of the 25 supported cryptocurrencies mentioned earlier. No KYC is required to withdraw your winnings off 1xBit.
Gambling on 1xBit
Before we get down and dirty with the various gambling game types on 1xBit, it is important to cover their Promo Points score system found under the Bonus tab. Whenever you place bets in 1xBit, you earn a small amount of Promo Points.
These can then be spent to redeem dozens of rewards including free bets, free lottery tickets, free bonus games (with real rewards) and even sell your points for Bitcoin.
Sports betting on 1xBit
As mentioned previously, 1xBit is visibly geared towards sports betting. Here you will basically find every single upcoming match for almost any sport you can imagine, even Gaelic Football!
As seen in the image above, your payout is determined based on the odds of the outcome of any given matchup. These odds are always listed on the main screen at the top next to the count-down timer.
In the image above, you can see that any bets made on Lyon to win will yield a 1.26x return, bets made on a draw will yield a 6.15x return, and betting on Dijon FCO will yield a 12x return. You will also notice there is a timer for when the game begins. If you want to bet on games currently in progress, navigate to the Live tab right next to Sports at the top of the webpage.
If you know where you want to place your bet, simply click on the event/outcome you believe will occur (Dijon FCO wins, Each team will score 2 or more goals etc.) and you will see a panel drop down on the right side. There you can wager mBTC up to maximum stake noted.
You also have the option to ‘automax’ bets, which means it will automatically place the maximum bet amount in mBTC (assuming you have the funds for it!). If this is too tedious for you, you can toggle the 1 click bet option on the righthand side (as seen in the image above), set the amount (in mBTC) and click away!
Virtual Sports betting on 1xBit
The Virtual Sports tab on 1xBit features something you may not have known exists: literal virtual sports! The future is here with virtual hockey, virtual horse racing, and virtual cockfighting! In contrast to the regular sports betting tab, you will notice that many of the virtual sports offered here are hosted by third party applications.
They each have their own different interphases for placing bets, and some (such as the hockey one above) count bets in USD, not mBTC. Do not worry, rewards are still paid out in BTC.
Esports betting on 1xBit
Clicking on the Esports betting tab on 1xBit will actually bring you to the Esports section which is accessible from the regular Sports tab.
The same system and logic applies: click to place your bets, take note of the maximum bets, and toggle to the Live section of the Esports tab to bet on games that are currently in progress. You can bet on matches in League of Legends, Call of Duty, and many more.
Slots on 1xBit
There are over 5000 slot games on 1xBit at the time of writing. On the left hand side you can search through slot games by provider. This is important to note for Bonus events (more on that in a second). It seems that slot machines on 1xBit measure wagers and winnings in mBTC. Spins range from 0.25 mBTC all the way up to 100 mBTC. Some slot games such as 3D slots are incredibly interactive and animated.
Other games included in the Slots category on 1xBit are automated Blackjack, Roulette, Poker, and Bingo games. If you find a game you really enjoy, you can Favorite it by clicking on the little star when you hover over it on the games list. You can quickly navigate back to the game in the future by clicking on the Favorites icon on the left hand side above the Categories section.
Good news for adrenaline junkies: you can play up to 4 different slot games at once in the same window. Simply click on the other game you want to play, and the screen will automatically split!
1xBit Bonus events
From time to time you will see Bonus gambling competitions such as the one pictured above. These limited time events generally last for 2 weeks at a time. During this period, you can earn points for a chance to win up to 0.1 BTC (these are different from the Promo Code points mentioned earlier).
Users who accrue the most bonus points in the given timeframe win the prize associated with the position they placed (usually top 5). Make sure to read the terms and conditions of each bonus competition carefully!
Live Casino on 1xBit
1xBit’s Live Casino offers you a real-life casino experience from the comfort of your home (or wherever else you are with your computer). This is easily one of the most impressive features of 1xBit, as it offers literally hundreds of classic live games with a real human (usually a pretty lady) you can interact with dishing out the cards in real time and in HD.
Some of these live games are hosted by third parties and others are hosted directly by 1xBit. Not all of them are live at the same time, so you may have to click around a bit before you find an ongoing live game. As with slots, you can play multiple live casino games at the same time (if your PC can handle it!). The same games can be accessed in a different format in TVBET, found under the Extra Tab in the TV Games subheading.
1xGames on 1xBit
As the title implies, 1xGames are gambling games which are made by 1xBit. There are around 160 games available to play at the time of writing and based on older reviews of the platform, new games seem to be added to the list every so often.
Unfortunately, you are not able to play multiple games at once here, but all 1xGames offer additional features and bonuses accessible through a toolbar on the righthand side. Since all 1xGames are made by 1xBit, there is less of a learning curve when switching between games – most are quite intuitive, and the rules of each game are easily accessible.
What is Toto on 1xBit?
As noted at the beginning of this article, the Toto on 1xBit involves accurately predicting the outcome of multiple upcoming matches in sports such as hockey and football. You are of course not able to choose which matches to bet on but are instead given a list by 1xBit when you click on any of the categories.
For example, if you can correctly predict the outcome of 14 pre-selected football matches in a row, you can earn a prize of up to 23.4 BTC by betting with as little as 0.10 mBTC!
Extras on 1xBit
The remaining features on 1xBit are lumped under the Extra tab. Here you will find a whole basket of completely unrelated games, resources, and helpful information.
The most important ones to note are the Statistics and Results tabs which are also accessible at the top right-hand corner of the screen no matter where you are on the site. Here you will find the outcomes of all sports matches with remarkable detail. Unfortunately, the results for how much was won in betting on each match is not shown.
Lotteries on 1xBit
The Extra tab also contains three categories of lottery games: Lotto (under the Lotteries subheading) Lottery (also under the Lotteries subheading) and Lotto Instant Win (under the TV Games subheading).
Lotto gives you access to 25 different lotteries, ordered by the size of the pot to win in mBTC. The draw dates are noted under the Play button for each lottery. The rules for each lottery can be found when you press Play and scroll down.
Daily Lottery is exactly what it sounds like: a daily lottery hosted by 1xBit. Lottery tickets are 0.6 mBTC and users also have the option to participate in 1xBit’s weekly and monthly lotteries.
Lotto Instant Win offers an in-depth experience similar to Live Casino. Here, a pretty lady is standing live on screen reading out the results of various lotteries with smooth background music. Some lotteries are as short as 3 minutes with a max prize of 100 Euros (roughly 10 mBTC).
1xBit customer support and FAQs
No matter where you go on the 1xBit website, there is always a toggle on the bottom right hand side to chat with an “Online Consultant” (customer support). Response times here seem to vary from a few minutes to about half an hour, which is quite impressive. What is nice is you have other options to get help if you have any questions by using the fillable form on the Contacts page.
Another useful feature offered by 1xBit is their Blog section (under the Help heading in the Extra tab). This not only includes up to date news from 1xBit, but a whole selection of cryptocurrency news, gambling guides, and news about various sports.
What is even more impressive is that all of the content in the Blog section seems to be available in all of the languages supported by the platform and the translations appear to be quite good.
You can also reach 1xBit via their social media channels. While the 1xBit Facebook page appears to be down, the 1xBit YouTube Channel, 1xBit’s Twitter, and 1xBit’s Telegram channels are visibly active. Their YouTube Channel also provides useful tutorials on how to use their platform. Following 1xBit’s social media is also a good way to stay up to date on all the latest updates and promotions.
1xBit Mobile App
1xBit also sports a handy mobile app so you can gamble on the go. It is worth pointing out that the website itself presents quite differently on a mobile device, so if you are having trouble finding the install butting simply scroll down to the bottom of the page.
Oddly enough, neither the Android or iOS versions of 1xBit are available on the Google Playstore or Apple App store. They need to be downloaded directly from the website (with the Enterprise app option enable if you are using an Apple device).
The mobile app functions in the same manner as the desktop website. You can anonymously create an account with 1 click and begin gambling once you have deposited funds.
The mobile app is cross-compatible with the 1xBit website, meaning that if you make an account on one and use the same credentials to log in on the other, all of the information (and funds) will still be there. Certainly, a useful feature!
1xBit Affiliate Program
If you fancy yourself an expert gambler on 1xBit or simply a fan of their platform, consider registering for the 1xBit Affiliate program. As an Affiliate you can earn up to 40% of money which 1xBit makes from the users you brought in (read: up to 40% of the money they lose when gambling on 1xBit).
This is dependent on a wide variety of factors which are detailed in this document. While there are many terms and conditions associated with being an affiliate, the profit prospect and weekly payments are well worth the extra red tape.
Our experience with 1xBit
1xBit does a remarkably good job of delivering an authentic casino experience from the comfort of your own home. Setting up and funding an account is quick and easy, and everything is straightforward. One thing we certainly noticed though was the variety in the quality of some games, especially slot games and virtual sports.
Since many of these are made by third parties, there is not much consistency when it comes to user interphases. This means you might find yourself (as we did) constantly trying to figure out where to deposit funds, what currency each bet is being counted in, and the actual rules of each game.
Conversely, the live casino on 1xBit is legitimately impressive. The streaming quality is spot on even with our average internet connection and the experience is so close to the real thing that with a sufficiently large screen and appropriately lit room you could mistake yourself as being inside an actual casino. However, it would be nice to know which live casino options are currently active without having to click on them first.
When it comes to cryptocurrency casinos, 1xBit is unparalleled in the experience it gives its users. The level of immersion you get from interacting with real people on Live Casino games is just incredible. The potential to win big is there, and this might leave some wondering if 1xBit is a scam. After all, things that seem too good to be true in crypto often are.
There are not many complaints about 1xBit. In fact, the overwhelming majority of users seem to have had a positive experience on the platform. The few which apparently do not are clearly saying so on behalf of other competitors in the crypto casino market, which is what you can see above.
All that said, make sure to play at your own risk, do not gamble more than you are willing to lose. If investing in cryptocurrency is like gambling, 1xBit is the best way to add a colorful new dimension of adrenaline with their unparalleled online cryptocurrency casino experience. May the odds be ever in your favor!
Image via 1xbit
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