1xBit Bookmaker Review

About 1xBit Bookmaker

The international bookmaker company 1xBit is developing a popular innovation in the field of gambling - Bitcoin gambling. All financial transactions are carried out in cryptocurrency, clients are offered high odds, quick registration and withdrawal of winnings without commission. Additionally, there is a lot of gambling entertainment, bonus offers for new players and regular customers. History of creation 1xBit has been operating since 2016. The company is focused on clients from Europe and Asia, the website has been translated into more than 60 languages. Users can bet on sports, virtual competitions, slots, currency movements, play in online casinos, betting and the lottery. The bookmaker operates under license No. 1668/JAZ, which is issued by the Government of Curacao to 1x Corp N.V.

Registration In the registration form, the client only needs to provide his email address from his personal information. Additionally, a password and promotional code are required if the bonus combination is available. Next, you need to confirm your agreement with the rules of the bookmaker company and the age of majority. To activate your account, you need to follow the link that will be sent in the email. Verification The client can top up the balance, place bets and withdraw funds immediately after creating a profile. The bookmaker does not require an identity verification procedure. This correlates with the principles of anonymity that are observed when using cryptocurrency. Personal Area After registration, the bettor receives a login for authorization in the Personal Account. You can also log in to your account using your email address. The following sections are available to the client in the personal account:

• Personal data. The account number, email, date of user registration, and IP addresses of previous sessions are indicated here.
• Safety. To reliably protect the account, the user can change the password and set up two-factor authentication.
• Account settings. This section contains a list of cryptocurrency wallets linked to the profile. You can configure the display of the current balance on the top panel, subscribe to news, activate alerts about the receipt of funds, bonus offers, and use a promotional code.
• Deposit/Withdraw from account. There are more than 40 cryptocurrencies available in the system for making deposits and receiving winnings.
• Betting history. This section is filled with information about all bets placed. You can select bets on totalizator or unsettled bets separately.
• History of translations. List of transactions on the main and bonus accounts.
• Bonuses and gifts. Information about current promotional offers, there is also a field for checking the promotional code.
• VIP cashback. Information about the user’s status in the loyalty program, the number of points remaining before moving to the next level.
• Request to the administrator. Field for sending a request to support staff.

In the site settings, the bettor can additionally change the type of odds and choose which sections will be displayed on the main page.

Payment Methods

1xBit stands out in terms of payment methods because of its focus on cryptocurrencies. It allows for both deposits and withdrawals in several cryptocurrencies, making it easier for users to stay anonymous and avoid traditional banking methods. Some traditional payment methods (like credit/debit cards) may also be accepted, depending on the user’s region.

Cryptocurrency Payment Methods

One of the standout features of 1xBit is its support for cryptocurrency betting. The platform supports a wide range of digital currencies, such as:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Ripple (XRP)
• Bitcoin Cash (BCH)
• Tether (USDT)
• And many others.

Cryptocurrency payments are generally fast, secure, and often have lower fees compared to traditional methods.

Fiat Payment Methods

In addition to cryptocurrencies, 1xBit also supports several traditional (fiat) payment methods. These may include:

• Credit Cards (Visa, MasterCard)
• Bank Transfers (via local banks)
• E-wallets (Skrill, Neteller, etc.)
• Prepaid Cards (Like Paysafecard)

Deposit and Withdrawal Procedures

1. Deposits: To make a deposit, you simply need to choose your preferred payment method, enter the required details (e.g., cryptocurrency wallet address, card number), and confirm the transaction. Cryptocurrency deposits are generally instant, while fiat deposits may take longer, especially if bank transfers are involved.
2. Withdrawals: Similarly, when withdrawing funds, you can choose from the same range of options. For crypto withdrawals, you'll need to provide a valid wallet address, and the transaction should be processed relatively quickly, depending on the network conditions of the selected cryptocurrency.

Withdrawal Limits & Fees 1xBit usually imposes limits on both deposits and withdrawals, which can vary based on the payment method. For cryptocurrencies, there are often lower limits, while for fiat methods, the limits may be higher.

Fees are typically minimal for cryptocurrency transactions, but fiat payment methods may come with transaction fees, depending on the specific method you are using.

Deposit and withdrawal deadlines

All financial transactions are carried out by the system within 15 minutes.

Welcome Bonuses:

• 100% First Deposit Bonus: New players can get a 100% bonus on their first deposit, with a maximum bonus amount of 7 BTC (or its equivalent in other cryptocurrencies).
• Free Bets or Free Spins: Sometimes, a bonus code is required to claim the welcome offer. These codes can be found on promotional pages or through affiliate sites.

Reload Bonuses

• 2% Bonus on Deposits: Get a 2% bonus on all deposits made via cryptocurrencies.

Promotions

On an ongoing basis, the bookmaker company offers clients to participate in the following promotions:

• 100% bet insurance. The cost of the service depends on the odds for which the player placed a bet. If the user loses, they will receive the bet money back to their account.
• Express of the day. Every day the bookmaker offers several express bets in the live and pre-match lines, consisting of the most interesting events in different sports. If a customer places a bet on one of these coupons, the final quote will increase to 10%.
• Star jackpot. All bettors who bet in the last 24 hours take part in a drawing for cash prizes every day.

Loyalty and VIP Programs

• Loyalty Rewards: For regular players, 1xBit may offer a loyalty program where users accumulate points for every bet or wager they make. These points can then be redeemed for bonuses, free spins, or other rewards.
• VIP Bonuses: High-rollers or long-term users may be invited to participate in VIP programs, offering exclusive bonuses, higher withdrawal limits, and personalized support.

No Deposit Bonuses

• Occasionally, 1xBit might offer no deposit bonuses. These are rare but are essentially free credits that players can use to place bets or try out casino games without depositing any money.

Bitcoin / Cryptocurrency Bonuses

• Since 1xBit specializes in cryptocurrency betting, they may offer specific bonuses tied to Bitcoin or other cryptocurrencies. These can include deposit bonuses, cashback offers, or other crypto-based promotions.

Cashback Offers

• Players may receive a percentage of their losses back as cashback.
  This is often given as a weekly or monthly promotion.

Referral Bonuses

• 1xBit may also run referral programs where users can earn bonuses by referring new players to the platform. This typically involves the new user making a deposit or meeting specific betting requirements.

Special Event Promotions

• For major sports events or casino tournaments, 1xBit might run special promotions that include enhanced odds, extra bonuses, or prize draws.

Important Considerations:

• Wagering Requirements: Most bonuses on 1xBit come with wagering requirements, meaning you'll need to bet a certain amount before being able to withdraw any winnings from the bonus.
• Time Limits: Bonuses often come with an expiration date, so you’ll need to use them within a specific time frame.
• Terms and Conditions: Always read the fine print of any promotion to ensure you understand the requirements, including deposit limits, minimum odds for sports bets, and game restrictions for casino bonuses.

You can typically find current bonus offers by checking the "Promotions" section on the 1xBit website or app.

Sportsbook Offering

1xBit provides a broad selection of sports to bet on, including popular options like:

• Football (Soccer) With a variety of leagues, including major tournaments like the English Premier League, La Liga, and the UEFA Champions League.
• Basketball Coverage of NBA, EuroLeague, and other basketball events around the world.
• Tennis Grand Slam tournaments, ATP, WTA, and more.
• Esports Bet on games like CS, Dota 2, and League of Legends.
• Other Sports Including hockey, rugby, baseball, cricket, boxing, MMA, and more.

Betting Markets

The platform offers various betting markets within each sport, allowing users to bet on:

• Pre-match With a variety of leagues, including major tournaments like the English Premier League, La Liga, and the UEFA Champions League.
• Live Betting Coverage of NBA, EuroLeague, and other basketball events around the world.
• Odd/even, Total goals/points, Handicaps, Match Winner, and Specials are examples of the different betting types available.

Live Streaming

For certain sports, 1xBit offers live streaming, which is a significant benefit for bettors who want to follow their bets in real time. The availability of live streams varies depending on the sport and event.

Odds and Margin

Bookmaker 1xbit offers clients favorable pre-match odds for e-sports tournaments, as well as tennis and hockey competitions. For these sports the margin is below 5%. From 5 to 6% commission is taken when calculating odds for football, handball, basketball and volleyball. In the live line, the average margin is 6-8%. The bookmaker offers bets on totals, handicaps and other additional markets with a fee of 5.8%.

Security & Licensing

1xBit is registered and operates under licenses from jurisdictions that support online betting. While the site is known to cater to global players, its licensing and regulation might not be as transparent as some other major sportsbooks, so players should research the platform’s legal status depending on their location. Customer Support 1xBit provides customer support through various channels, including live chat, email, and a help center. This can be crucial for addressing any issues related to account verification, payments, or betting.

Responsible Gambling

Like most reputable sportsbooks, 1xBit encourages responsible gambling practices and provides users with tools to manage their gambling behavior, including self-exclusion options and links to gambling support organizations.

1xBit pros and cons

As with any good unbiased review, you should weigh the pros and cons of using this platform, especially if you are planning to start working with this operator/vendor.

Some pros

– 40+ cryptocurrencies accepted (Bitcoin, Ethereum, Dogecoin and more)

– Multicourse account

– Sports betting and additional games

– Huge selection of international sports markets

- Live betting and streaming

- High odds and bet insurance

- Lots of promotions

- Simple and fast registration

– Available in over 60 different languages.

Some cons

– Only cryptocurrency is used on the site.

1xBit Sportsbook Review: Conclusion

Our experts recommend 1xBit for betting to almost all players. For beginners, this is a great opportunity to learn how to place bets in one of the bookmakers with the largest selection of events. 1xBit will help professional cappers hide their income and, as a result, avoid paying taxes on additional profits. It also opens up great prospects for betting with maximum limits.

1xBit Sportsbook FAQs

Is 1xBit Sportsbook licensed? Yes, it is licensed by Curacao eGaming. Is the 1xBit Sportsbook easy to use? There is a good organization to the website, with different betting markets divided into sections. Navigating the web is easy and intuitive when looking for a specific game. You can find the game you want to play quickly and easily by using the filter feature. Is there a mobile app for 1xBit? There is an app for both Android and iOS, so you can download it on your device. Do welcome bonuses require a minimum deposit? Yes, it's 5 mBTC. This only applies to the welcome bonus. Please read the relevant terms and conditions for other bonuses. At 1xBit, can I view my previous bets? Yes, there is a Bet History section on 1xBit, which shows all your previous bets. You can access it by going to "My Account" section. There is a tab called "Bet History" there.