Frequently Asked Questions
- What is bitcoin?
Bitcoin is a digital currency that enables instant payments anywhere in the world. It uses peer-to-peer technology to operate; money is issued and transactions are managed collectively by the network, meaning there is no central authority. You can find a good introduction to bitcoin here.
- About Bitcoin Cash
Betting with Bitcoin Cash is exactly the same as with Bitcoin - same unbeatable odds and high limits - and it applies across Sportsbook, Casino and Live Casino.
Bitcoin Cash offers the following benefits to our players:
- Fast transactions - Bitcoin Cash allows you to deposit & withdraw quickly.
- Low fees - The cost for transferring BCH is minimal.
Learn more about Bitcoin Cash and what it can offer for gamblers here on our blog.
Read more about our Bitcoin Cash promotion.
- How do bitcoin payments work?
The first step is to download a bitcoin e-wallet to your computer or mobile device. You can then purchase bitcoin from one of several online exchanges, as well as at many traditional retailers and bitcoin ATMs. When you purchase bitcoin it is credited to your e-wallet almost instantly, and you are free to transact directly with an ever-increasing range of merchants.
- Why should I use a bitcoin gaming site rather than one featuring traditional payment methods?
Bitcoin is a great option for a number of reasons:
- Quicker processing times (instant deposits and withdrawals)
- The currency and its infrastructure provide you with greater privacy (an email address is all you need to create an account)
- No payment processing costs, and it eliminates the risk of credit card fraud
- Complete control over the security of your funds
- How do you ensure the security of my funds?
We employ industry-leading security practices to keep your funds safe. All deposited funds are sent directly to an offline cold-wallet, out of reach of potential hackers. Our online hot-wallet contains only enough bitcoins to process a day’s worth of transactions, and is replenished on a daily basis.
- Where can I get a bitcoin e-wallet?
- Where can I purchase bitcoin?
Alternatively, many cities also now offer bitcoin ATMs that allow you to instantly exchange cash for bitcoin.
Read our simple guide in buying bitcoins on our blog here if you need more help.
- How do I make a deposit?
Click on the “deposit” button. We will automatically generate a new bitcoin address for every transaction – copy this address into your e-wallet and instantly send as many bitcoins as you would like. If you are using a mobile wallet you can deposit by simply scanning the QR code accompanying this unique address.
Every time you log in you have the option to set either Bitcoin or Bitcoin Cash as your active currency, but you can switch back between the two as often as you like.
Still unsure of how to make your first deposit at Cloudbet? Check out our step-by-step guide on how to make your first bitcoin or bitcoin cash deposit here on our blog.
- What is the minimum deposit amount?
- What is the maximum deposit amount?
There is no maximum deposit amount.
- What is the minimum withdrawal amount?
- What is the maximum withdrawal amount?
There is no maximum withdrawal amount.
- How long will my deposit take to be credited?
All deposits are processed instantly. If you do not see you deposit credited to your account within a few seconds please contact our support team at firstname.lastname@example.org with details of your transaction.
- How long will my withdrawal take to be processed?
The vast majority of withdrawals are processed instantly. However, for security reasons it is necessary for us to process very large withdrawals manually, which will result in a short delay. If you have any concerns about a withdrawal please don’t hesitate to contact email@example.com with your transaction details.
- If bitcoin is anonymous, do I still need to provide Cloudbet with personal information?
No, all you need to create an account and start betting is a valid email address.
- How do I access my first deposit bonus?
Your bonus will be made available to you as you earn loyalty points by placing bets on any sporting event or casino game. 0.01 BTC will be released for every 800 loyalty points earned; 0.01 ETH/BCH will be released for every 150 points earned. For more details please click here.
- What is the minimum bet?
0.0000001 BTC (or 10 Satoshi)
- What is the maximum bet?
Maximum bets vary based on a number of factors. Generally, the maximum bet amount will increase as an event grows nearer and liquidity on that event increases. If you attempt to place a bet for greater than the maximum allowed your bet will be automatically reduced to the maximum allowable stake.
- How can I get my limits increased?
If you would like your limits increased please contact firstname.lastname@example.org.
- I placed a winning bet, why is it still showing as “pending”?
While all events are graded automatically, in some instances there can be a delay while our system waits on verification of an event’s outcome. In general the delays are shortest for more popular sports and leagues, and slightly longer for lower-profile events. If you have concerns about a delay in grading please contact email@example.com
- I made a mistake placing a bet, what can I do?
Once a bet has been accepted it cannot be changed, modified or cancelled. If you made a mistake while placing a bet you may consider placing an equivalent bet on the other side of the wager to negate the outcome.
- What is an Asian handicap?
Asian handicap betting is a form of handicapped betting primarily used in football. There are five different settled outcomes being used: Win, Lose, Tie, Half win and Half lose. Half-win and Half-lose refers to Asian handicap or Over/Under where the line includes a quarter (0.25, 0.75, 1.25 etc.). If a bet is placed on over 2.25, half of the stake is placed on over 2 and half of the stake is placed on over 2.5. If the game ends with exactly two goals (1-1, 2-0 or 0-2) the bet placed on over 2 is settled tie and the bet placed on over 2.5 is settled lose. This is called Half lose. If the game ends with more than two goals the bet is settled win or if it ends with less than two goals the bet is settled lose. If a bet is placed on over 2.75, half of the stake is placed on over 2.5 and half of the stake is placed on over 3. If the game ends with exactly three goals (2-1, 3-0, 1-2 or 0-3) the bet placed on over 2.5 is settled as win and the bet placed on over 3 is settled tie. This is called Half win. If the game ends with more than three goals the bet is settled win or if it ends with less than three goals the bet is settled lose. If the wagering offer on an event includes a draw as a third option and the event ends in a draw, wagers on the draw will be paid, while wagers on either side will be lost.
- What is the minimum bet?
The minimum bet on our sportsbook is an incredibly low 0.0000001 BTC (or 10 Satoshi).
Casino minimums vary by game, but go as low as 0.00002 for slots.
- Where are your live dealers based?
Central America and South-east Asia.
- Where can I learn more about your live dealers?
Each of our live dealers has a profile that you can view by clicking on the “Our dealers” button within the live dealer casino.
- How do you ensure your games are fair?
All of our RNG casino games carry an official Certification of Random Number Generator (RNG) Evaluation conducted by GLI (Gaming Laboratories International), and issued through Curaçao eGaming. You can read more about it here.
- How can I get support in the live casino?
Please click on the “support” button within the live casino’s chat feature.