Betcoin is one of the few bitcoin gambling websites that have been operating for 7 years and above and have still managed to stay relevant. The website combines a gambling service that encompasses both the casino and sports betting segments of the gambling industry. In this guide, we will be focusing on the unique features that set Betcoin apart. Also, we will be exploring Betcoin’s strengths and weaknesses.
The Betcoin website was launched in 2013 as a bitcoin-focused gambling platform that guarantees anonymity and an avenue to generate crypto-denominated earnings. Ever since its launch, Betcoin has grown in stature. It is currently one of the loaded crypto gambling platforms available today. Although Betcoin started as a bitcoin-only website, it has since updated its payment system and integrated altcoins.
For its gambling operations, Betcoin has opted for a dynamic approach that would appeal to bettors interested in executing all their gambling activities on one platform. In other words, Betcoin features an array of gambling options that we believe would interest an average bettor. More specifically, the website incorporates a sportsbook, an esports section, and a casino to great effects. Interestingly, all three gambling sections are massively loaded. Hence, it is safe to say that the possibility of getting bored while gambling on Betcoin is low.
Another interesting element of Betcoin’s operation that we applaud is its community-mindedness. The site comes with a forum-like section where players can narrate their experience using the Betcoin platform or help new players find their footings. Also, we noticed that the website has opted for an unconventional bonus system. We will discuss more on this later in this guide. For now, have it at the back of your mind that you may have to scale some requirements to enjoy the bonuses offered by Betcoin.
One more thing you should note is that Betcoin is licensed in Curacao. Hence, individuals living in certain countries are not allowed on this website. If you are eligible to use Betcoin, you will only need to submit an email address to access its games. However, Betcoin holds the right to request a comprehensive identity check. From what we have read from some customer reviews, Betcoin often implements these checks when players request large withdrawals. In other words, if you are looking for a gambling website where you do not need to scale a KYC procedure, Betcoin may not be the appropriate option for you. Now that we have summarized how Betcoin operates, it is time to take a deep dive into some of the core features of Betcoin.
Betcoin is not one to take a minimalistic approach to gambling. The developers effectively combine a dark and colorful design to give the website a bit more texture and aesthetically pleasing look. Fortunately, they replicated this qualitative approach for the website’s game graphics. The games do not lag, nor do they come off as being hurriedly designed or put together. From what we noticed, Betcoin is intentional about providing a quality gaming experience to its users.
It was quite easy to navigate the Betcoin website, including its massive game collection. The site offers tools for filtering the game library. You could search for specific games or filter the list by selecting one of the platform’s game providers. Interestingly, when you click on the games available on Betcoin, you will be directed to a page where the basic information about the game would be provided. Below this page, you will find a list of similar games, just in case you are looking to weigh your options.
As mentioned earlier, the Betcoin website has three major gambling segments. One focuses on casino games while the others offer an opportunity to bet on sporting events and esports.
In this section, Betcoin lists some of the top casino games. Players can choose from a solid selection of games that can be divided further into the following types:
- Video poker
- Table games
- Dice games
- Live casino games
- Provably fair casino games
All in all, there are over 2,000 games available on the Betcoin platform. Importantly, Betcoin is not just looking to incorporate a vast library of casino games. It also does enough to feature the offerings of some of the top game developers we have today. The list of the featured game providers includes Betsoft, eBet, Evolution Gaming, iSofbet, and much more.
In addition to the casino segment of the website, Betcoin also provides a sportsbook where users can wager on sporting events and virtual games. From our research, we can confidently say that Betcoin’s sportsbook is as comprehensive as what you would find on platforms that dedicate all of their resources to this gambling segment. More specifically, Betcoin supports over 75 sports, including football, basketball, and other popular options. Depending on the sports type they opt for, players can choose from a wide variety of tournaments and leagues.
On Betcoin, you can also bet on esports games and even review the results of previous plays. Some of the esports options available on Betcoin are:
- Dota 2
- League of Legends
- Rainbow Six
- Call of Duty
Another option you will find on Betcoin is virtual games. This segment allows players to bet on virtual sports like greyhound racing, horse racing, and virtual football league.
Bonuses and promotions
Betcoin takes an unconventional approach to its bonus system. Although the website says that new players receive a 100% welcome bonus, this is not technically true. To access this bonus, new players must accrue a certain number of points, called status points. We will explain the technicality of this system below.
You see, Betcoin operates a VIP player’s club where all players are ranked based on the number of status points they have accumulated. You can read more about this ranking system here. The most important thing you need to note is that status points are distributed based on the proactiveness of players. In other words, players receive points on each wager they make. The type of games also matters.
For Casino games, each 1 USD worth of bet earns you 0.2 status points. In the sportsbook section, a player receives 0.1 status points on each 1 USD bet. As you accrue more points, so also would your rank in Betcoin’s VIP player’s club rise. Note that each rank comes with special privileges.
To unlock the welcome bonus package, new players must first accrue 1,000 status points. Once you accrue the specified points, you become eligible for the welcome bonus package. When next you make a deposit, you can request the 100% bonus up to 1 BTC and a free spin. The next deposit unlocks the second 50% bonus up to 1 BTC and a free spin. The third deposit bonus is a 25% bonus up to 1 BTC plus a free spin.
Note that there is a 20x wagering requirement that comes with these bonuses. Also, you cannot use the bonus on the mobile version of the website. You must access the Betcoin from a computer to take full advantage of the welcome bonus.
Betcoin is available globally. But as we have come to expect from Curacao-licensed gambling websites, Betcoin does not support some countries. They include:
- United States of America (including USA dependencies, military bases, and territories)
- United Kingdom
- The Netherlands
Additionally, certain games are restricted in some countries. For example, Canadians are restricted from playing NYX games. Hence, it is advisable to read the fine print before registering on Betcoin.
Deposit and Withdrawals
On the deposit side of its payment system, Betcoin supports BTC, ETH, BCH, LTC, DASH, and Ripple. The minimum deposit you can make on Betcoin is 0.1 mBTC or 0.0001 BTC. To make withdrawals, you have to settle for BTC, ETH, or LTC. The minimum you can withdraw is 0.0005 BTC. However, if you win up to 3 BTC, Betcoin has the right to pay you the winnings in installments, set at 10% of the winnings per month. SInce Betcoin only supports cryptocurrencies, the transactions are instant.
Betcoin goes all out to provide a robust customer support mechanism. There are an array of options users can take advantage of. They are:
- Support ticket
- Email support
- Chatbox for 24/7 support
- Community forum
- An active blog
- A comprehensive FAQ page
What are the pros and cons of Betcoin?
Pros of Betcoin
Betcoin offers an array of gambling features
As discussed earlier in this guide, Betcoin offers a comprehensive crypto gambling site that features a casino, a sportsbook, and an esports section. For each section, Betcoin has gone all out to provide a solid and massive game collection.
The website enables a quality gaming experience
Betcoin has done enough to deliver a top gambling platform where users can enjoy the best gaming experience.
The customer support is top-notch
With the array of customer support channels available to users, Betcoin has ensured that users access all of the help they need to enjoy their stay on its website.
It has a good reputation
You will agree that it is not easy to run a business successfully in the crypto industry, especially when handling users’ digital assets is part of the company’s framework. The security risks that come with such a design cannot be overemphasized. Therefore, it is commendable that Betcoin has operated since 2013 and yet it has not recorded a major security crisis.
Cons of Betcoin
It does not support fiat
If you were hoping to deposit fiat on Betcoin, you should have a rethink because the website does not provide a channel for making such payments.
Betcoin does not offer a traditional welcome bonus package
According to the set rules governing the bonus system of Betcoin, you must be an active player and a member of its VIP club before you can start receiving bonuses. Also, the bonus is not available on the mobile version of the website, which is surprising.