Cloudbet is a well-established crypto-only online betting platform that has existed since 2013. Their all-in-one betting platform features casino games, sports, and esports services to wager on. The crypto sports betting company has thousands of games in its casino section for customers to use. Perks for new members who sign up include a 100% sign-up bonus worth up to 5BTC.
Those looking to wager on Cloudbet can deposit using Bitcoin, Bitcoin Cash, Ethereum, and USDT Tether. The addition of a stablecoin like USDT has given players the advantage of speed and choice. Cloudbet is one of the very first major platforms that allowed users to wager on sports using cryptocurrency. They are licensed in Montenegro and Curacao. They are popular due to their lighter gaming regulations.
How to deposit and withdraw on Cloudbet
While deposits on Cloudbet appear to be free, there is a catch. A clause in their terms and conditions states that they have the right to reserve up to 5% for “handling” all deposits and withdrawals. If users add money to their account via the fiat-to-crypto gateway (Moonpay), a 4.5% fee will be charged on credit or debit cards. Withdrawal fees vary on the site depending on the cryptocurrency used. Users of Cloudbet have argued that the fee has been “unreasonably” high at times.
Where is Cloudbet available and what currencies can be used?
Cloudbet is a crypto-only site. They accept Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Tether (USDT). Users can purchase cryptocurrency via their debit or credit cards. The online cryptocurrency sports betting site is available in most countries. However, they are prohibited in the United States, the United Kingdom, Hong Kong, and Singapore.
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