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1xBit Overview

1xBit Overview

1xbet

Rating on betnigeria

9/10
WELCOME OFFER UP TO 7 BTC
Payment methods
VISIT
Margin
5%
Live streaming
yes
Cash out
yes
Payment methods
content
reading time 15 min Bookmaker reviews

publication - Oct 11, 2024

Table of content

1xBit is an online casino and sports betting platform that has embraced cryptocurrency as its primary mode of transaction. Launched in 2016, the platform has seen steady growth and attracts players from all over the world, including regions where fiat gambling may be restricted or heavily regulated.

In contrast, 1xBit is a crypto-driven online casino that boasts faster transaction times, minimal fees, and a high level of the primary source of attraction among players, particularly in crypto-friendly markets like Nigeria and South Africa. The site accepts over 40 cryptocurrencies and features a vast range of betting markets, casino games, and live dealer tables.

How Does 1xBit Work?

How Does 1xBit Work?

1xBit is a hybrid sportsbook casino that provides both worlds of sports bookies betting and casino games. The interface is designed to appeal to users who enjoy sports betting, live casino action, and an extensive library of slot games.

1xBit uses blockchain as the core basis for its cryptocurrency transaction processing, where customers can deposit, bet, and withdraw money safely. Once the players have signed up with the website, all the features of the platform are made available to them, including placing bets in real-time and maintaining anonymity, as is the case with digital currencies.

Further, its international flavor is reflected in support for over 60 languages and widespread availability across countries including Germany, Spain, Nigeria, and South Africa. In addition, visitors from countries like the United States and the United Kingdom may access limited content, as it would be restricted by regulation.

Is the Bookmaker 1xBit Legal and Safe?

1xBit has a Curacao eGaming license, meaning that it complies with all international regulations regarding online gambling. Excellent security: SSL encryption and two-step authentication protect the users’ data and funds.

Geographic Restrictions and Legal Compliance

While 1xBit is licensed and legal in most places, it’s still not accessible to many other parts of the world because of the different laws on gambling. For example, it is restricted in countries like the United States, where various regulatory challenges very much stand in the way of online gambling. However, for players from countries like **Nigeria** and large parts of **Europe**, there are no legal complications with using 1xBit, so internationally it can be considered widely available.

The following table summarizes the features of safety and legality for 1xBit:

FeatureDetails
LicensingLicensed in Curacao (Curacao eGaming License)
Data SecuritySSL encryption, two-factor authentication (2FA)
Game FairnessSome games are Provably Fair system
Regulated RegionsThe service is available in Nigeria, parts of Europe, and other regions.
Restrictive TerritoriesUnited States and countries which have strict laws regarding gambling
Protection of UsersFollows international norms for online security

Registration Process

1xBit Registration Process

Account registration at 1xBit is hassle-free. A player has the option of anonymous registration with just their email address and does not need to go through identity verification or KYC procedures.

How to register:

  • Go to 1xBit’s website or download the mobile app.
  • Click the “Register” button.
  • Enter an email address and a password.
  • Validate your registration via email, and voilà.

Bonuses and Promotions

1xBit Bonuses and Promotions

1xBit is famous for its grand promotions. The most striking of them all is the **Welcome Bonus**, which goes up to 7 BTC for new users. Since it’s divided over four deposits, it lets it be very lucrative for users who would spend a long time using the platform.

1st Deposit100%1 BTC
2nd Deposit50%1 BTC
3rd Deposit100%1 BTC
4th Deposit50%3 BTC

Apart from the welcome bonus, 1xBit runs weekly promotions, has cashback, and offers special bonuses on the occasion of big sports events like the FIFA World Cup or UEFA Champions League-very well-liked by Nigerian and South African players.

Key Features and Offerings

1xBit Key Features and Offerings

Sports Betting

The 1xBit sportsbook is diverse and far-reaching, from popular events: football, basketball, tennis, and cricket to less popular events: trotting and Gaelic football. African players, mainly in Nigeria and South Africa, feel the biggest attraction from football leagues; these are the two most powerful leagues in the world: the English Premier League and La Liga.

SportAvailability
FootballPremier League, La Liga, Serie A, FIFA tournaments
BasketballNBA, EuroLeague, International Tournaments
 EsportsDota 2, League of Legends, CS:GO
TennisATP, WTA, Grand Slams
UFC All major fights

Casino Games

Besides Sportsbook, 1xBit is excellent for its casino games. The casino game section includes several games, such as:

Slot: More than hundreds of slot games are available, ranging from classic reels to advanced video slots. These are available with various subjects and bonus features.

Table Games: Classic casino games such as blackjack, baccarat, and poker offer classic and modern variants.

Live Dealer Games: In that regard, those who would want an experience close to the real casino world might want to try live dealer games such as roulette, blackjack, and baccarat, broadcast in real-time.

1xBit also supports **provably fair** gaming, a concept allowing users to check on the fairness of a set of certain games using blockchain technology. This is an especially important feature for cryptocurrency gamblers, as it gives a high degree of extra transparency.

Live Betting

One of the hot features that make 1xBit stand out is the ability to bet live. While sports matches continue or live casino games are in play, players can interactively place their bets, thereby giving them a lively and dynamic gambling experience. This is very popular in most African markets where live football betting is a common thing. With the platform also supporting live esports betting, users can place bets on their favorite teams that are playing in a Dota 2, FIFA or CS:GO tournament.

Pros & Cons

  • Cryptocurrency-Friendly: Supports over 60 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
  • Anonymous Registration: One can sign up without giving out personal information, which works perfectly for those who are into concealing their identity.
  • Wide Range of Games: Over 600 casino games, full sports betting facilities.
  • Attractive Bonuses: Up to 7 BTC welcome bonus and regular promotions.
  • Mobile Compatibility: The mobile app is available for download on both Android and iOS.
  • Geo-Restricted: Players from certain countries, such as the USA and UK, cannot view the website.
  • Lack of Fiat Currency Support: Players have to use cryptocurrency.
  • Messy Interface**: For some users, this website’s design is messy.

Things to Consider Before Using 1xBit

1xBit has services available for players all over the world, but there are some things to consider before really digging deeper into the website.

FactorConsideration
Regulation Licensed in Curacao, which offers a degree of legitimacy but lacks strict oversight
PrivacyPlayers can register anonymously, which appeals to cryptocurrency users and players in regulated regions.
FeesThe deposit and withdraw are free. Network fee may be applied for some cryptocurrencies such as Ethereum.
Customer Support Live chat and email support available 24/7, no phone support.
CompatibilityFully functional on desktop and mobile, with apps available on Android and iOS.

Players from the restricted or regulated markets for fiat gambling, such as Germany and Nigeria, find particularly attractive the crypto-based model offered by 1xBit. For players based in South Africa, the betting site is a formidable contender among local ones, insofar as this website offers a vast array of sports to bet on.

Payment Methods

1xBit Payment Methods

Here’s a detailed breakdown of the withdrawal methods*on 1xBit, presented in a table format for better understanding

StepDescription
1. Go to your accountLog into your 1xBit account and go to the “Withdraw Funds” section.
2. Choose a cryptocurrencyChoose the cryptocurrency you want to make the withdrawal with. 1xBit accepts over 60 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE).
3. Input the wallet address.Please, input a receiving wallet address to which you want to get your funds. Make sure the address corresponds to the previously selected cryptocurrency so that the transaction does not fail.
4. Confirm the transaction.Check the withdrawal amount and the destination wallet address. If everything is okay, confirm the transaction.
5. Wait for processingAll withdrawals are processed according to different times depending on the chosen cryptocurrency. Most of the withdrawals take a couple of minutes, but huge ones take time because probably the network is overloaded or due to platform security checks.
6. Transaction completeOnce the transaction is confirmed on the blockchain, the funds will be credited to your cryptocurrency wallet. You’ll get a confirmation mail from 1xBit once the transaction has been effected. 

Additional Points to Note

Minimum Withdrawal Amount: The minimum amount differs depending on what cryptocurrency you are using.

Fees: 1xBit does not charge any withdrawal fee. Blockchain network fees may apply.

The limit might be specific to each cryptocurrency per day or per transaction. It is always advisable to verify the limits with 1xBit’s terms before one intends to make larger withdrawals.

This simple step-by-step process makes it really easy and convenient for a player to withdraw funds from 1xBit.

Deposit 

Here is a detailed explanation about the deposit method on 1xBit, which has been provided in tabular format for better understanding.

StepDescription
1. Log in to your account.In your 1xBit account dashboard, click the “Deposit” section.
2. Select Your CryptocurrencyFrom among over 60 supported cryptocurrencies, including Bitcoin BTC, Ethereum ETH, Litecoin LTC, Dogecoin DOGE, among others, select one to deposit into your account.
3. Get wallet address In your wallet/exchange, send the amount of crypto that you intend to deposit to the generated wallet address. Once more, make sure the cryptocurrency is going into the correct corresponding wallet, ie. ETH in an ETH wallet, and not a BTC wallet, etc
4. Send funds In your wallet/exchange, send the amount of crypto that you intend to deposit to the generated wallet address. Once more, make sure the cryptocurrency is going into the correct corresponding wallet, ie. ETH in an ETH wallet, and not a BTC wallet, etc.
5. Wait for confirmationAfter sending, the transaction will be broadcast to the blockchain. Generally speaking, the deposit process may take a few minutes to go through depending on how fast the network is. Bitcoin and Ethereum take longer when there is high congestion.
6. Funds CreditedYour deposited funds will be credited to your 1xBit account once confirmed on the blockchain. You will get confirmation of this via a message, and you can bet or play immediately.

Extra Important Points to Note:

Minimum Deposit: The minimum amount that is considered for a deposit is generally 1.00 mBTC (0.001 BTC) or its equivalent in other cryptocurrencies.

Fees: 1xBit does not charge any deposit fee. Additionally, there are blockchain transaction (network) fees for the processes, which might be higher during high demand for a cryptocurrency like BTC or ETH.

Processing Time: All deposits are normally confirmed within minutes. Times may vary depending on how congested it is in the selected cryptocurrency’s network.

Supported Cryptocurrencies

Supported CryptocurrenciesMin. DepositTransaction FeeProcessing Time
Bitcoin (BTC) 0.001 BTC In addition to the network fee10–60 minutes depending on blockchain
Ethereum0.01 ETHHigher fees when the network is congested 10–30 minutes 
Litecoin (LTC)100 DOGELow fees5–15 minutes
Ripple (XRP)1 XRPNegligible fees 5–10 minutes

Cryptocurrency Withdrawal Options

1xBit is one of the most flexible cryptocurrency casinos out there. The operator supports over 60 cryptocurrencies for deposit and withdrawal purposes: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Tether (USDT), and many more.

CryptocurrencyMinimum DepositWithdrawal Time
Bitcoin0.001 BTCInstant
Ethereum 0.01 ETHInstant
Litecoin 0.01 LTCInstant

For players from **Nigeria and **South Africa, since not as many fiat deposit and withdrawal options are provided, it is of great value that popular cryptocurrencies could be deposited and utilized for withdrawals.

Mobile and Desktop Experience

1xBit has been very active in pursuit of mobile platforms, offering a native app on both Android and iOS. The mobile app is basically the same as the desktop experience in terms of functionality, offering access to the same betting markets, casino games, and live dealer options.

PlatformExperienceRating
DesktopSmooth navigation, but cluttered UI 8/10   
Mobile App Quick, efficient, easy to use9/10
Browser Access Complete functionality8.5/10

Customer Support

1xBit Customer Support

1xBit provides 24/7 customer support via live chat and email. Support personnel respond quickly and appear to be pretty knowledgeable, though it does not yet offer any phone support. This could be a minus for those players who like to communicate in a more personal fashion.

Also, their live chat feature is available in multiple languages to cater to the demand of their global player base that ranges from Nigeria to South Africa and even to Germany.

Conclusion: Should You Play on 1xBit?

Conclusion: Should You Play on 1xBit?

1xBit is a really good option for such a player who looks for the variety and pleasure of sports betting combined with the multitude of options in casino games. Besides, its strong focus on cryptocurrency, anonymity, and ease of use provides much appeal to players from countries where access to traditional online casinos may be poor, such as **Nigeria** and **South Africa**.

Some weak points of this platform are bad accessibility in some countries and a bit cluttered interface. But anyway, the pros much outweigh the cons. Having attractive bonuses, huge library of games, and compatibility with more than 60 cryptocurrencies, 1xBit is definitely one of the most competitive players on the crypto gambling market.

Frequently Asked Questions

Is 1xBit legal?

1xBit holds a license from the government of Curacao and is, therefore generally legal in many countries around the world. It does however have some restricted regions that include but are not limited to the United States and the United Kingdom.

Does 1xBit accept fiat?

No, 1xBit only accepts deposits and allows withdrawals through cryptocurrency.

How Much New Players Bonus is Available?

New players can get a maximum welcome bonus equivalent to 7 BTC in four installments on account deposit.

Is 1xBit safe?

Yes, 1xBit uses SSL encryption and two-factor authentication to ensure that player accounts are kept safe.

Can I play 1xBit using my mobile phone?

Yes, 1xBit does have a mobile app available for both Android and iOS users.
Isa Idowu
Author Isa Idowu
article rating

0 / 5. 0

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Rating on BETGUIDE

9/10

Welcome Bonus Up To 7 BTC

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