CyberBet Casino Review
CyberBet is a crypto casino that turned from a sports betting website into a full-fledged space for those who wish to explore gameplay with virtual currencies. It is currently getting a lot of popularity amongst crypto casino enthusiasts all over Reddit, which is why we will be analyzing it and providing you with sufficient information so you can decide on whether or not it is the right place for you. It offers quite a lot of variety when it comes to gameplay, but is it also supported by payment requirements. Because, let's face it, if the games are good, but the terms to deposit and withdraw are inaccessible, then you can simply scratch the casino off. So without further ado, let's see what CyberBet has to offer.
Accepted Currencies & Payment Methods
CyberBet is a crypto-oriented casino, meaning it also works with some fiat payment methods to deliver flexibility to its player base. They currently work with BTC, ETH, LTC, DOGE, XRP, BNB, and BCH. As for the fiat currencies, you will be selected from more than 20 including USD, EUR, KZH, JPY, KRW, GBP, NZD, AUD, CAD, and others.
If you wish to make crypto payments, you will need a crypto wallet, which is the only way for you to make deposits and withdrawals. The good news is that nowadays, most crypto exchange platforms offer their own integrated wallets, meaning you won't need any external ones.
As for the fiat payment methods, you will be choosing from MasterCard, VISA, Maestro, AstorPay, Perfect Money, Skrill, Neteller, WebMoney, and Paysafecard. Keep in mind that you could see more or fewer options, depending on your geolocation.
Deposit & Withdrawal Requirements
Now, we come to the important part, which is the payment requirements. If you wish to pay using cryptocurrencies, things are a bit frustrating. As this is a crypto-oriented casino, you'd expect better options for those who wish to use crypto and not for those who wish to use fiat currencies. However, the truth is that all tokens will be coming with the equivalent of $50 requirements when it comes to deposits, while all fiat options will be coming with a $10 requirement. This is exactly the opposite of what you'd expect from a crypto-oriented casino. On top of that, the $50 in crypto requirement is not considered low at all.
When it comes to withdrawals, things are twice as bad. Literally, no pun intended. You will be required to request at least $100 worth of crypto when making withdrawals. As for the fiat currencies, the price grows 2x as well, going from $10 to $20.
On the other hand, we've got the even more important factor which is the wagering requirements. CyberBet applies a 3x wagering requirement on all of your deposits. This means that when you deposit 1 BTC or $100 for example, you will need to place bets for the total amount of 3 BTC or $300 before you are eligible for withdrawal.
The payout speed is the final factor we will observe. You can find information in the Terms & Conditions of the casino, that they will be paying you out between 10 minutes and 5 business days after the approval of your withdrawal, which will take up to 72 additional hours. Of course, if you are using crypto, the winnings will be with you within minutes, while if using fiat payment methods they will be with you later.
Bonuses & Promotions
The major problem with CyberBet is not the high deposit and withdrawal limitations, or the 3x wagering requirement, it is actually the lack of promotions. Aside from the 100% deposit match of up to $500 worth of crypto or fiat with a 40x wagering requirement, there are no other bonuses.
Without bonuses and promotions, a casino has no way to compete with other casinos, depending on the player base they are looking for. If you are looking solely for a huge game library, the CyberBet is definitely the place, however, if you are looking for ways to top-up your balance, then CyberBet is not here to help.
Additionally, there are no tournaments, any sorts of bonuses, or even a loyalty program.
CyberBet is a crypto casino that is operated and owned by Ice Gaming N.V., which is a company registered under the laws of Curacao, thus the casino owns this type of license. If you are not familiar with the crypto casino space, but you are familiar with regular online casinos, then that might disturb you. However, truth to be told, crypto casino owners have no other options when it comes to licensing their casinos. This is due to the fact that the better regulators such as MGA and UKGC do not wish to affiliate with the crypto casino industry as of yet. There is no official statement as to why that is, but it is probably because of the hardships of regulating cryptocurrencies. That aside, never forget to go through the Terms & Conditions of every single crypto casino before any financial decisions.
As we mentioned in the beginning, CyberBet's specialty is its game selection. The casino started off as a sports betting website and is now one of the most popular crypto casinos in the industry. You will be looking at games provided by some of the biggest studios such as Playson, Booongo, Pragmaticplay, Spinomenal, Endorphina, Wazdan, Velagaming, BGaming, Rubyplay, BetSpoft, Quickspin, Evoplay, ELK, Habanero, Platipus, Thunderkick, Spadegaming, Spribe, Belatra, Wearecasino, Greenjade, Kagaming, Apollo, NetGaming, MrSlotty, and many others.
You will find all the available games split into sections Sports, Live, Esports, and Casino. The problem you might find is that there are no sub-sections such as Slots and Table Games, except for Live Casino Games - "Live" section. However, there is a search bar you can use to locate your favorite casino games.
If you are looking for Slots, although there is no dedicated section, if you go through the main "Casino" category, you will find that most of the top games are slots such as Wolf Power, The Dog House Megaways, Book Of Wizard: Double Chance, Aloha King Elvis, and many others.
The Table Games can also be found in the casino section, but are harder to locate than Slots. You will be choosing from Blackjack, Baccarat, Poker, Roulette, Sic Bo, Dices, and many others.
In the Live section is where you will be locating the Live Casino Games, which are the same as the aforementioned table games, but this time with the addition of game shows such as Monopoly, Deal or No Deal, Wheel of Fortune, and others. The only difference between Table Games and Live Casino Games is that one is a 100% virtual experience, while the other is a live-streaming experience, where the games are operated by a real-life croupier.
Aside from that, you've also got the sports betting sections Sports and E-sports. If you enjoy sports, then you will be getting the chance to bet on your favorite team/player from options such as football, basketball, tennis, darts, swimming, hockey, snooker, MMA, volleyball, boxing, and others. The E-sports section is where you will be betting on teams from games such as League of Legends, DotA, CS: GO, Rainbow 6 Siege, Starcraft, and others.
CyberBet, similar to all other crypto casinos out there does not have a dedicated application you can download, but rather has a neatly optimized mobile version of the desktop website, that brings the same intuitive feeling in terms of navigation, keeping the same graphics, and organization. This makes playing games convenient, no matter your location and time, as long as you have a stable internet connection, otherwise, you will most likely lose any bets made during an interruption. As always, keep in mind that not all games will be available for the mobile version of CyberBet.
The customer support team is ready to answer all your questions, technical issues, and accept suggestions 24/7 via chat and email. We personally reached out to them, and their response was almost instant, with competent information being provided. It took about a minute or two before we've got a response. We reckon that the time it will take to get a reply to an email will be at least 12 hours, potentially up to 24 hours.
CyberBet has also taken care of the more curious players that wish to know exactly how the casino operates. For this reason, they've established an FAQ section, which is where you will find a lot of useful information that will help you start out your journey at the casino.
If you are looking for a casino with accessible deposit and withdrawal requirements, then CyberBet is probably not the place for you. However, if that, in addition to the fact that there are no promotions doesn't bother you and you wish to explore as many games as possible, then this crypto casino might be for you.
Of course, since the casino has made the transition from sports betting website to a crypto casino not too long ago, not all hope is lost. We will be keeping an eye on the development of CyberBet and keep you updated in case there is anything worth mentioning.
Is CyberBet a licensed crypto casino?
Yes, CyberBet owns a Curacao license, which, of course, is not one of the most well-respected operators, but the fact that MGA and UKGC refuse to affiliate with crypto casinos leaves owners of such casinos with little to no other choice. For this reason, it is understandable why, for now, most crypto casinos operate under the laws of Curacao. However, do not let distract you from the fact that it is true that there are some crypto casinos that are looking to scam you, so be aware and careful. We strongly suggest going through the Terms & Conditions of each and every casino before deciding whether you want to play there or not. This, in combination with our extensive research and information provided in each article, will ensure you will always stumble upon the more reliable crypto casinos.
What can I bet on at CyberBet?
CyberBet allows for numerous options when it comes to gameplay. As it was established as a sports betting website, this is obviously the main focus of the casino. However, in recent years it has implemented cybersports as a betting section, alongside Slots, Table Games, Live Casino Games, and even some unique crypto-only games such as Aviator. Overall, it’s got all the diversity you need to try each of the sections out and find out which is the suitable one for you.
Does CyberBet offer any promotions & bonuses?
Unfortunately, the only way to get a bonus at CyberBet is through a “Bonus Code” which is nowhere specified how you get one and even the customer support team had no idea. At this moment, they also do not offer any tournaments, which is a bummer for those looking to climb the leaderboard. Additionally, the casino also has no loyalty program, which means playing for the long term doesn’t grant you any additional bonuses.
You can only benefit from the initial deposit bonus which is a 100% match of up to $500. The wagering requirement that is applied is 40x.
What cryptocurrencies are accepted by CyberBet?
CyberBet currently accepts BTC, BCH, LTC, DOGE, BNB, USDT, and XRP. When compared to other crypto casinos and the number of tokens they offer as a payment option, these are quite a lot. Especially considering the fact that these options are some of the most popular ones on the crypto market.