mBit Casino Review – Welcome Bonus, Features, Pros and Cons!

mBit Casino is without an iota of doubt one of the top 3 Cryptocurrency Casinos in the industry today. Some may even argue it being the best, however that’s debatable.  If you’re looking for a new Casino to play on, this mBit Casino Review will most probably solve your problems.

This review doesn’t just look at the Casino’s Games, but everything behind the curtains as well. We’re including its Anonymity,  Privacy, Bonus-Requirements, Speed, Deposit Methods, Legality and everything else generally hidden away in the fine-print.

mBit Casino: A Bird’s-Eye View

Being established in 2014, mBit enters its 6th year in the business this year. Surviving the tests of time for over half a decade itself is a testament of its quality as well as legitimacy.

  • Website: https://www.mbitcasino.com/
  • Identification/ Mobile Verification: Not Required.
  • Provably Fair: Yes
  • License: Yes/ Curacao / Registration number: 131879
  • Welcome Bonus: 5BTC + 300 Spins.
  • Smallest Deposit: ฿ 0.0001
  • Number of Games: 2000+
  • Deposit Methods: Cryptocurrencies and Fiat Currencies.
  • Available in U.S/U.K: No
  • Social Media: Facebook / Twitter
  • Live Chat: Yes

Let’s take at closer look at some of these features then?

mBit Casino Registrations

What good place to start this mBit Casino Review than the registrations? These are mandatory, and hence are the first course of actions required.

So registrations are completely free and instant. However note that they’re limited to 1 registration/IP address. The registration itself is a lot less conservative, here’s the form that needs to be filled:

A working and valid E-mail is the only requirement. No country/ address/ date of birth/ or mobile number is asked for. (Most other Crypto Casinos aren’t as liberal).

Privacy-Respecting Casino

Not everyone wants to announce going to the Casino. The same holds true for online Cryptocurrency Casinos as well. mBit has made it clear that Privacy is one of its top-priorities.

While most other established Bitcoin casinos do require Identity, or mobile verifications; mBit doesn’t!

So you can Deposit/Withdraw funds, and even claim bonuses without having to submit any identification, or get your phone numbers verified.

Sure they may ask for KYC (identification) at a later time, there’s no mandatory requirement for now.

5BTC + 300 Free Spins Welcome Bonus

The Welcome bonus is basically offered on “deposits”. It’s for new users, and the First/ Second/ and Third Deposits are rewarded with these bonuses.

Overview:

  • First Deposit : 110% (Upto 1BTC or 100USD/EUR). + 250 Spins
  • Second Deposit: 50% (Upto 2.5BTC/100 USD/EUR).
  • Third Deposit: 75% (5 BTC/ 100USD/EUR).

The first deposit is matched with a 110% bonus. So whatever you deposit is increased by a 110% (when depositing Cryptocurrencies). If you choose to deposit Fiat currencies, the bonus is a 100%, which still is pretty generous.

This bonus has a maximum cap of 1BTC (or an approximate equivalent in other Cryptocurrencies). If you deposited Fiats, you can avail a maximum bonus of 100 USD/EUR (or an approximate equivalent for the Currency you deposited). There also are additional 250 free spins added along with the first deposit.

The second deposit is matched 50% upto 2.5BTC / 100 USD/EUR or their equivalents. The third deposit too is offered a 75% bonus, with upto 1.5BTC or 100 USD/EUR.

Bonus Terms and Conditions

Each of these bonuses have their own T&C, here’s an overview before we proceed with the details:

  • Wagering Requirement: 35x for Crypto Bonuses / 40x for Fiat Bonuses.
  • Expiry: 30 Days.
  • Free Spins: 50 spins X 5 Days.
  • Minimum Deposit for 1st Deposit Bonus: 50USD/EUR.
  • Deposit for 2nd Deposit Bonus: 0.0003 BTC or 10 EUR/USD.
  • 3rd Deposit Bonus Min. Requirement: 0.0001 BTC or 10 EUR/USD.
  • Wagers: Only allowed on “Slots”.

The deposit bonuses availed via Cryptocurrency-deposits must be wagered a minimum of  35 times, within 30days of being credited.  The 250 free spins are credited within 5 days, in instalments of 50 spins everyday.

The Fiat-bonuses have a higher wagering requirement, i.e. of 40x wagers before they can be withdrawn.

A minimum of 50EUR/USD/AUD/USDT/ CAD or 3750 RUB / 6250 JPY deposit is required in order to claim the first deposit bonuses.

For Cryptocurrencies, the minimum requirement is the same as the minimum requirement for the specific Cryptocurrency being deposited (displayed on the deposit page).

The second deposit bonus requires a minimum deposit of 0.0003 BTC (varies for other Cryptocurrencies). 1 USDT or 10 EUR/USD/AUD/CAD / 700 RUB / 1250 JPY is the Fiat minimum requirement.

And finally the third deposit can be availed for a min. deposit of 0.0001 BTC or the same fiat deposit requirements as the second deposit bonus.

These bonuses are only applicable for “Slot” games. So you can’t wager the bonus-funds in any other types of games.

Also, the maximum amount which can be placed as a bet before meeting the wagering requirements is limited. It’s 0.0015 BTC, 0.20 LTC, 0.070 BCH, 0.050 ETH,  2750 DOGE, 5 /AUD/USD/EUR/CAD/USDT, 600 JPY, 350 RUB.

mBit Casino No Deposit Bonus

This is one of the most famous mBit Casino bonus which offers 50 free spins to the users, simply for Signing up on the platform. Unlike the bonuses mentioned above, no deposits are required in this case.

However it’s not entirely free, it’s only available to those who verify their mobile numbers on the Casino. It’s credited in 25X 2 instalments.

The funds won with these free spins must be wagered 50x, within 7 days of being credited.

VIP Bonuses

There are two bonuses offered to the players depending on their VIP level. Every player on the Casino is by default a VIP. The more games you play, the higher your VIP level goes, simple.

The two bonuses dependent on the VIP Levels are:

  • VIP Friday Reload
  • Daily VIP Cashback.

VIP Friday Reload” offers upto 100% bonuses on deposits made every Friday. It’s capped at 0.25 BTC (differs based on the Crypto/Currency being deposited).

The Cashback bonus is only triggered on a minimum loss of 1mBTC, and it’s capped at 0.1BTC (different for other Cryptocurrencies). These VIP levels also offer free spins based on a user’s levels.

Licensed and Fair

mBit Casino doesn’t have a “Provably Fair” alike most other Bitcoin Casinos out there. This is often considered as a lack of “fairness”, which isn’t true.

It’s licensed under the Curacao laws. The license seal can be verified independently by clicking on it, at the site’s footer.

It’s a requirement of the license provider that the Casinos be fair in order to be licensed.  We even checked the “Fire Lightening” game, and as you can see it does allow users to manually and independently verify fairness.

Note that “Provability” (The ability to check a game’s fairness independently) is dependent on the game-provider and not the Casino. Some game providers on the Casino do allow Provability to be checked, while others do not.

Restricted Countries

This is one of the few disappointing sections on this mBit Casino review. Due to legal requirements and compliances, the Casino isn’t available throughout all the countries on the planet.

The following countries are completely banned from playing real-money (both Crypto and Fiat) games on mBIt:

  • USA
  • United Kingdom,
  • France
  • Spain,
  • Israel,
  • Curacao
  • Netherlands,
  • And Dutch West Indies.

The bonuses too have their own restrictions individually. For e.g. the “mBit Casino No Deposit Free Spins” bonus isn’t available to the users of the following countries:

Note that we can’t list each individual bonus’s restrictions on this mBit Casino review. We urge you to verify the restrictions on the T&C page of each bonus before trying to avail them.

mBit Casino Games

The total number of available games on the Casino equals 1621 as of today for my region. However the actual total exceeds 2,000. The number varies depending on a user’s country and the game-providers.

The available types of games include Slots, Baccarats Video Poker, Jackpots, Roulette, Table Games etc.

Apart from the normal Bitcoin Casino games, it also features my personal favourite “Live Dealers”.  The Casino also offers “free demo games”. These games do not cost money, and can be played for free either for fun or to learn the games.

Deposit/Withdrawal Methods

We’ve mentioned multiple times throughout this mBit Casino Review of the Casino’s limits on Fiat and Crypto deposits. This clearly means that the casino accepts not just Cryptocurrencies, but also Fiats.

Users can choose to deposit one of the following Cryptocurrencies:

  • BTC
  • BCH
  • ETH
  • USDT
  • DOG
  • LTC

Or, deposit using one of the many available fiat modes such as Skrill, Neteller, Cards, CoinsPaid etc. You can deposit any currency, from any country (as long as it’s not on the restricted list).

Each deposit mode has its own minimum deposit requirements. It’s USD $10.00 in most Fiat-deposit cases.

Cryptocurrencies too have Currency-specific limits, for Bitcoin it’s ฿0.0001. Withdrawals can be made using any of the available deposit methods. There’s a 3 BTC/week and 10 BTC/month withdrawal limit on each account.

Fiat withdrawals may be split into multiple instalments if and when they exceed EUR 10,000. Again, fiat withdrawals are limited at 3,000 EUR/week and 10,000 EUR/month.

mBit Casino Pros and Cons

The Primary Yays and Nays we’ve encountered throughout this mBit Casino Review are:

Pros:

  • No KYC/Identification/Verification Required.
  • Massive 5BTC Welcome Bonus.
  • Extensive list of Games, and Deposit/Withdrawal Methods.
  • Easy overall User-Experience.

Cons:

  • Not available in some major countries.
  • Maximum cahsout limited at 10,000 EUR/month.

Conclusion:

This mBit Casino Review may have extended far beyond what we initially planned. But then again, clipping it for personal reasons isn’t how we do things now, is it?

So well, the primary key points which impressed me were its no-KYC policy, easy user interface, and the ease of deposits/withdrawals. The bonuses are more than generous, and the support staff just impressive.

What I didn’t like about the Casino was that large cashouts (exceeding EUR 10,000) are  paid in “monthly instalments” and not altogether.  Also, the geographic restrictions may hurt quite a few.

All in all, we agree, and the internet agrees it’s totally one of the best Bitcoin Casinos in existence today.  Do let us know if we have your agreement on this mBit Casino Review, or you’ve got your own set of thoughts.