Cloudbet Review (2021)

Cloudbet review

Cloudbet is a major Bitcoin bookmaker with a large selection of sports to bet on. They have everything from soccer to motorsports, and it is very easy to sign up. You will find higher odds with Cloudbet than with most other bookmakers currently on the market.

When you place your bets on Cloudbet, you do not use fiat currencies such as the US Dollar or the Euro – you can only use cryptocurrencies. This also allows you to bet anonymously – which is a huge benefit.

If you’re already decided and you want to sign up, you can go to Cloudbet here.

Otherwise: Read our full Cloudbet review below!

How Cloudbet works

In many ways, Cloudbet is like a typical bookmaker. You can place bets on most sports in the same way that you normally would. Their game selection is quite nice, and if you want a break from sports betting, they also have an area with casino games.

The big difference is that you bet with cryptocurrencies. At the moment, Cloudbet allows you to bet with Bitcoin, Ethereum, Bitcoin Cash, USDT and USDC. More cryptocurrencies should be on the way.

When you sign up, you don’t have to give any personal information. Just an email address, a password, and that’s it. No name, no address, no documentation. It can be a good idea to use two-factor authentication to secure your account. You can use Google Authenticator for this purpose.

However, there have been examples of users being asked to provide personal identification with Cloudbet. Because of that, Cloudbet is not a 100% anonymous bookmaker the same way that Nitrogen Sports is. Some users might have to provide information on themselves, particularly users that deposit and/or withdraw large amounts of cryptocurrency.

As far as we know, you can bet with Cloudbet regardless of your location, which is a huge advantage!

Large game selection

You can bet on a lot of different sports as a user with Cloudbet. Their game selection equals that of many established, normal bookmakers.

World football (soccer) is arguably the sport where you will find the most options. You can bet on game-winners, Asian handicaps, totals, corners, halftime scores, etc. Cloudbet is performing quite well here. If you’re a soccer bettor, you certainly won’t lack any options.

In American sports such as football, basketball and baseball, you can bet on winners, point spreads, game totals, and several niche spots.

All the odds are great, but sometimes Cloudbet offers particularly strong lines

Cloudbet also provides a lot of regular tennis matchups. You will find all the big tournaments along with several smaller ones, such as the Challenger tournaments around the world.

Lastly, Cloudbet is a great place to bet on motorsports. You can bet on Formula 1 race winners, championships, driver matchups for qualifying as well as races, along with several other series of motorsports, such as Formula 2, IndyCar, and more.

Aside from these sports, you will also find many others. All the most popular sports in the world are represented in the Cloudbet game selection. You can even bet on politics!

Live sports

Cloudbet live

You can also bet on live events with Cloudbet. On average, the odds will be a bit worse than pre-game, but that’s how it is with all bookmakers. The live platform works quite well and can be recommended. You can bet on sports such as football, tennis and basketball. Most major games will be up on the live section. It might take a few seconds before your bet actually gets placed, but the platform works well.

Cloudbet bonus

Just like many other bookmakers, Cloudbet offers a bonus for new players signing up. The bonus goes all the way up to 5 BTC/BCH, although most players only ever achieve a smaller bonus.

The system works in a way where you get a 100% match on your first deposit. If you transfer 0.01 BTC, then Cloudbet will match that amount, and you will have 0.02 BTC to play for.

For each 0.01 BTC that you receive as a bonus, you must earn 800 loyalty points. These loyalty points are earned by simply betting a lot with Cloudbet. However, it can take a while to clear a large amount. You have 365 days to do so.

You will also find the occasional offer for established customers. We recommend getting Cloudbet updates sent to your email since that is how you can best spot these bonus offers.

Customer support

Cloudbet has a dedicated service department where you can obtain assistance with almost everything related to your bets and to their platform.

Their supporters are available 24/7 all year round. It might take a few hours before they reply to your response. The way to get in touch with them is through e-mail, but live chat is another option – you can find all the details when you’re logged in and there is a button that leads you to the live chat when you click on the user icon in the top right side.

For small questions unrelated to your personal account, Cloudbet has an FAQ that will give you all the answers about how they operate.

We have actually tested the service by contacting them a few times. They are very helpful, so this is a big plus. One time there was a bet that was graded wrong. After contacting them, it was quickly corrected, and the winnings were credited. Thumbs up!

Fast deposits and withdrawals

One of the best things about Cloudbet is that they have very fast deposits and withdrawals.

Your deposit will be credited to your account as soon as it enters the blockchain. In most cases, it is only a matter of seconds before your crypto will reach your account. There are no deposit fees, aside from the normal network fee when using Bitcoin (or whichever cryptocurrency you use).

Withdrawal is also easy. You must withdraw a minimum of 0.001 BTC if you use Bitcoin. That amount is smaller when using the other cryptocurrencies. Cloudbet will charge a small fee for sending it. Usually, that fee will be around 0.0003 BTC but it can change on a regular basis. In any case, the amount will appear before you click to withdraw, so there are no bad surprises. It will typically take a few hours before you receive the money in your crypto wallet.

Remember to fill in the right addresses when depositing and withdrawing! That is highly important. You can also scan a QR code when depositing, that is a lot easier.

Be aware that you must turn over the full amount of your deposit before you can withdraw. If, for example, you deposit 0.1 BTC, you must have placed bets for at least a total of 0.1 BTC before you can cash it out. That could be one big bet of 0.1, or it could be a hundred bets of 0.001. But you must have the turnover before you can cash it out again. So keep that in mind when depositing.

Hard to get personal limits

Personal limitations are something many serious bettors deal with. Most bookmakers choose to limit their winning customers, but that is rarely the case with Cloudbet.

In our tests of the site, we have not yet encountered any personal limits. There are some general market limits. It is possible that some bettors will face personal limits – a few stories are floating around the internet. But it seems that will only happen for high-stakes players that are winning after a while. The solution? Make a new user and continue betting. This is an obvious solution since it is possible to bet anonymously.

A solid platform for sports betting

When we tested the performance of Cloudbet, it immediately became clear that it is a great place to bet. Their game selection is top-notch, they have a bonus, and it is incredibly easy to sign up. The fact that you can bet with Bitcoin is really nice since this is an option that the mainstream bookmakers rarely give you. And Cloudbet has just as good a service as these typical bookmakers, if not even better.

The website is very easy to use, it works without any issues on all modern browsers, and they really do make online betting very simple and straightforward. For these – and many more – reasons, we highly recommend Cloudbet. In fact, it is our #1 ranked Bitcoin casino and our #4 ranked bookmaker overall!

Sign up with Cloudbet right here!

How to buy Bitcoin to bet with

You can buy Bitcoin on an exchange, with a vendor, or by obtaining BTC from someone you know.

We have a more in-depth guide to obtaining Bitcoin here.

Note that you can also bet with Bitcoin Cash (BCH) on Cloudbet. Bitcoin Cash has some practical advantages, as fees are lower when you transfer it. Other options are Ethereum, USDT, and USDC.

Anonymity

For the most part, you can bet anonymously on Cloudbet. You don’t have to give any personal information when you sign up, and most customers are never met with any KYC demands.

However, in a few cases, primarily when big money is involved, Cloudbet does ask for personal documentation in order to avoid fraud and other legal issues.

Cloudbet has an eGaming license in Curacao, where there can occasionally be some KYC requirements, although most users should not experience this process.

How to sign up with Cloudbet

Check out Cloudbet’s own website and sign up in less than a minute. You only need to fill out your email address and password initially. After signing up, confirm your email and add two-factor authentication.

Then you can make your deposit with Bitcoin or Bitcoin Cash. After 3 confirmations, you’re ready to place your bets. Minimum deposit and minimum withdrawal are both 0.001 BTC. Good luck, and feel free to follow our picks here at BoldSharps.

Sign up with Cloudbet here!

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