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1xBit Casino Review: One of the Largest Bitcoin Casinos

Republished by Plato

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Since 2016, 1xBit has been operating its online gambling platform that has been growing rapidly as the cryptocurrency space has taken off. It is constantly innovating to try to become the best offering in the crypto gambling space.

There is a great selection of different game types, with the selection within each of these categories also being extensive. There are more than 20 different cryptocurrencies that you can use through 1xBit, providing you with a great level of flexibility and anonymity.

As well as being an online casino, there is also a live dealer casino and a sportsbook that you can check out.

This 1xBit review takes a deep dive into each respective section of this offering to see where it shines and what areas are potentially lacking. This will allow you to determine if 1xBit is a good fit for you and your needs.

1xBit Homepage
1xBit Homepage

Visit 1xBit

1xBit Casino

While sports betting appears to be more of a central focus for 1xBit, there is also an extensive casino offering.

For slots players, there are thousands of different video slots to check out. Many of the biggest titles in the space today are on offer, with new games being added on an almost daily basis.

All different types of slots can be played, such as 3D slots, classic titles and jackpot slots. You have many of the best game developers supported through 1xBit, such as Oryx Gaming, Evolution Gaming, AWG, RTG Slots, Spinmatic, Playson, Betsoft and Pragmatic Play.

Some of the slots games on offer
Some of the slots games on offer

You can quickly filter through games by their popularity, developer or game type. The games are all played through your browser and the gameplay is smooth and seamless. For fans of jackpot slots, there are many different options, with fan favorites such as Jazzy Fruits being on offer.

There are even some games that have seven-figure jackpots for a lucky player to win. All of these games can also be played for free if you do not want to put your money on the line. You can even play four of these games at the same time.

There are also other popular casino games on offer. You have a few dozen different roulette variants to check out, with some of the more niche options being Turbo Roulette and 3D European roulette.

There are dozens of different blackjack variants on offer, such as multi-hand and double exposure three-hand variants. Baccarat fans have more than 30 options to check out, one of the most extensive offerings you will see on any online casino.

Filter by categories and providers
Filter by categories and providers

Other types of popular game types you can check out through the 1xBit offering include bingo, keno, drop & wins, casino poker games and Sic-Bo. There really is something for everyone in terms of this casino offering.

1xBit Live Casino

Live dealer casino gameplay has become very popular in recent years. 1xBit has been embracing this trend and offers an extensive live dealer offering.

There are live dealer tables from many different software developers, such as Evolution Gaming and Pragmatic Play. When you enter into the live casino section at 1xBit, you will quickly see the different game types on offer.

Each given variant will showcase on the surface the betting limits that are in place, so you can quickly find a limit size that suits your preferences. Each game type has an impressive amount of different variants and live dealer options.

Live Casino Games
Live Casino Games

You can decide on what geographical region you want to play in for example. All of the streams are of HD quality and allow for an immersive experience. There are betting limit options for absolute beginners and high rollers alike.

The main game categories for the 1xBit live casino offering include blackjack, roulette, baccarat, casino poker, jackpot games, Sic-Bo, Monopoly Live, Over/Under and a variety of other niche games. Overall, you cannot go wrong with the 1xBit live dealer casino experience, being one of the best around in the space today.

1xBit Sports Betting

There is a comprehensive sports betting offering at 1xBit. Every major sport is well-catered for. You will find markets for even more obscure sporting events. Each of the major sports will have a massive selection of different markets whether you are looking at futures betting or placing bets on specific games.

There is a live betting section that allows you to place bets on a multitude of different markets while the game is ongoing. Many of the different sporting events can be live-streamed through the platform. There is also an interface that showcases the action in real-time for that given event.

Sports Betting - Lots on offer!
Sports Betting – Lots on offer!

The odds are generally pretty good when compared to other platforms. If you want to cut your losses or cash out your winnings early during the middle of a given sporting event, you have the cash-out option. There is also a sports betting exchange for those people who are inclined.

One of the areas of the 1xBit sportsbook that is garnering a lot more attention as of late is the esports section. This is an area that a lot of online gambling platforms are focusing on more and more as the sector’s popularity is exploding.

There are usually a few dozen different markets for you to bet on for a given esports match. All of the leading esports are on offer for betting purposes. There is also live betting for these events.

Overall, this is a sportsbook that ticks most of the boxes you could wish for as a sports bettor.

Additional 1xBit Offerings

There are a few different aspects of the 1xBit online gambling offering. The 1xGames section is another way for you to play a variety of self-developed casual casino games.

Oftentimes, there are special cashback offers built into this offering.  There are countless niche games such as Dominoes and Yahtzee that you can play in this section.

You can also partake in the online sports betting pools through the Toto section. This offers jackpots for a range of different sports and esports.

There is also a binary options aspect to the offering, as well as a selection of popular online lotteries, such as Powerball and Mega Millions.

Finally, there is a range of virtual sports that you can try out when there is a lack of actual sporting events taking place. Overall, this is one of the most comprehensive collections of random types of games and offering that you will find with a crypto casino.

Welcome Bonuses

If you are signing up for a 1xBit account for the first time, then there is a welcome bonus offer that you can avail of.

To receive this offer, you will need to create an account and then deposit at least 5 mBTC or an equivalent sum in a different cryptocurrency. You will be able to avail of deposit bonuses for each of your first four deposits.

  • Your initial deposit will be matched 100%, up to a max bonus of 1 BTC.
  • Your second deposit is matched 50% up to 1 BTC,
  • Your third deposit matched 100% up to 2 BTC
  • Your fourth deposit is matched 50% up to 3 BTC.
  • Therefore, you can earn up to 7 BTC in bonus funds if you max out these offers.
Welcome bonus up to 7 BTC
Welcome bonus up to 7 BTC

Before you can cash out these funds, you will need to meet the wagering requirements. You need to wager the deposit amount at least 40 times inside of 30 days of making the respective deposit.

If you make another deposit while you have not yet wagered the bonus funds from the previous deposit, you will not be entitled to any more deposit bonuses.

There are certain types of games that will not contribute 100% to wagering requirements. For example, you cannot meet wagering requirements at all by playing live dealer casino games.

Overall, this is a decently sized welcome bonus offer with wagering requirements that are somewhat achievable and about standard for the sector.

Regular Promotions and Loyalty Program

There are also promotions for existing 1xBit customers. These will often change, keeping things fresh. You will find different offers for casino games and sports betting products. For example, for sports betting bonuses, you will get insurance on your bets, price boosts, cashback offers and free bets.

For casino games, there will often be free slots spins, bonus funds given to you to use for certain games and cashback bonuses. There is a great variety of promotions that will keep you interested in the long-term when it comes to the 1xBit offering.

Lots of different promos and bonuses
Lots of different promos and bonuses

There is a VIP cashback program in existence on 1xBit. This will see you earn loyalty points when you play certain games. One of the main exceptions is that you will not earn any loyalty points when you are playing 1xGames. There is a tiered system as part of this program, with the perks increasing the higher the tier level you reach.

The rate at which you earn points will also increase with the greater the level you reach. You will be able to redeem points for cashback when you hit certain levels. There are also other types of rewards that you can receive as part of this loyalty program.

Payment Methods

As 1xBit is mainly a crypto casino, it will not come as a surprise that there are many different crypto options open to you when it comes to funding your account.

When it comes to depositing funds to your 1xBit account, there are 68 different crypto exchanges that are linked to 1xBit. This figure will vary depending on what country you are residing in.

Cryptocurrency Payment Options
Cryptocurrency Payment Options

This will allow you to quickly exchange fiat into crypto if you need to do so or to quickly transfer from your e-wallet to your 1xBit account. Most of the main exchanges are on offer.

While 1xBit does not charge any fees for conducting deposit and withdrawals some of the exchanges may have their own fees that you need to consider in addition to the network fees.

For most of the exchanges, there will be a minimum required deposit of 1 mBTC. Most of them also do not have a cap on the max amount of funds that you can add to your 1xBit account.

The cryptocurrencies catered for on the site are:

  • Bitcoin
  • Litecoin
  • Dogecoin
  • Dash
  • Ethereum
  • ZCash
  • NEM
  • Bytecoin
  • Sibcoin
  • Digibyte
  • Bitcoin Gold
  • Bitcoin Cash
  • Ethereum Classic
  • BitShares
  • Verge
  • QTUM
  • Monero
  • STRATUS
  • Ripple
  • Tron
  • Tether
  • USD Coin
  • True USD
  • PAXOS ST

Usually, it will take less than three hours for these funds to be credited to your online gambling account. There is currently no way for different players on 1xBit to transfer coins to one another.

The withdrawal process is very similar to that of adding funds to your account, with similar caps being in place. Withdrawals will often be processed in less than an hour, which is ideal.

Overall, 1xBit only focuses on crypto transactions as opposed to a lot of other crypto casinos that also offer fiat transaction options.

Security

As 1xBit is predominantly a crypto-based online gambling platform, the goal is to allow you to play the best online casino games and have access to the optimal betting options while doing so in an anonymous manner.

There is no need for you to provide excessive information when signing up for an account. You simply can choose a username and a password and you will normally be good to go, having the ability to use a dummy email address.

You do not have to inform that platform about your home address or full name for example.

Members account area
Members account area

All transactions will, of course, be tracked through the blockchain and the process of conducting transactions through 1xBit is pretty straightforward. The online gambling platform is part of the Curacao government’s licensing and oversight regime. The best in firewall and SSL encryption technology is used at 1xBit to make sure that account funds are protected.

If you have any issues or concerns about the security of 1xBit, you can get in touch with the security department via email and have your concerns eased. If you wish, you can add two-factor authentication onto your account to give it an extra layer of security.

Mobile Offering

If you want to place bets or play casino games while you are on the go, there is a mobile app for 1xBit that caters for both iOS and Android users.

These apps can be downloaded in a matter of seconds and allow you the flexibility that comes with mobile gambling. The library of games is effectively the same on the mobile offering, with everything being optimized for the smaller device.

Mobile apps to download
Mobile apps to download

The navigation system is very easy to use, with the search filters and categories being your friend when you are searching for particular types of games. If you don’t want to download an app, you can also place bets through your mobile device’s web browser on the 1xBit platform.

Usability

The 1xBit desktop platform is nicely designed, with a sleek color scheme allowing the text to really pop out from the background. Each respective category of gambling is well able through the menu system. This means that you are not wasting time trying to find certain aspects of a given offering.

The filtering system is one of the best around. For casino games, you are able to add certain games into your favorites so you can quickly find them the next time that you are playing.

There is also a recently played games feature that showcases the games you have played in the recent past. You can also narrow down the games offering by the specific type of game you are looking for or by using the search bar to find specific titles.

You can also see sections that showcase the most popular games on the platform, as well as the newest arrivals.

1xBit feels like a busy casino with lots of games to play
1xBit feels like a busy casino with lots of games to play

The process of playing casino games is very smooth, with the graphics general being very good. As there are so many different developers, you can find a certain game style or aesthetic that suits your eye and focus on these games.

The live dealer casino has HD quality streams that make it feel like you are actually sitting at the casino table in the flesh. The sports betting section is very clearly laid out and the process of placing bets using the bet slip couldn’t be easier.

The live betting interface is very smooth and you have access to all of the info or data you could need when betting on a given sports event live. The process of making transactions is seamless and will only take a matter of minutes to do.

The site speed as a whole is good, allowing you to navigate the platform with ease. There is a handy system also where you can quickly change the language of the site, the odds settings, check your account statistics and update your account balance.

Customer Support

If you have any questions or queries about the 1xBit offering, there is not really an FAQ section for you to check out. In the footer of the website, there are useful links that will help resolve a lot of issues or questions you may have. Otherwise, you can get in touch with the 1xBit support team that works around the clock.

24/7 Live chat Support is available
24/7 Live chat Support is available

You can send them an email for more detailed issues or you can use the live chat feature to get instant feedback for more simple requests and issues. The response times for the emails is usually within 24 hours of having sent it. There are also a number of social media accounts showcased on the website that can also be contacted.

Conclusion

As you have seen, 1xBit is one of the best crypto casinos and sports betting platforms in the space today. It ticks all of the boxes a gambler could ever want when it comes to the range of different types of gambling on offer.

There is great depth to each of these sections also in addition to the expansive range of game types. Slots players, sports bettors, table game fans and many other gambling fans will fall in love with what 1xBit has to offer.

The offering is almost unparalleled when it comes to online gambling platforms.

There is a welcome offer in place that covers your first four deposits with appropriate bonuses and the platform is always running exciting promotions for its existing players.

The loyalty program also comes in handy if you are planning on playing a lot on the 1xBit site. The desktop and mobile sites are both nice and fast and easy to use.

Conducting transactions is easy, with many exchanges and cryptocurrencies being offered. 1xBit takes your security seriously and allows you to gamble online in an anonymous manner.

Overall, you will be hard-pressed to find a better crypto gambling platform than 1xBit.

Visit 1xBit

1xBit

Ease of Use

9.0/10

Reputation

9.0/10

Fees

9.0/10

Customer Support

9.0/10

Payment Methods

8.0/10

Pros

  • Huge Selection of Games
  • Wide Cryptocurrency Support
  • Signup Bonuses
  • Good Mobile Apps
  • 24/7 Live Chat Support

Cons

  • No Fiat Deposits
  • Not Clear on Regulations

3,266

Source: https://blockonomi.com/1xbit-review/

Blockchain

SEC responsible for $15 billion in damages to XRP holders: Ripple

Republished by Plato

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Weeks after the United States’ Securities and Exchange Commission filed an amended complaint in its lawsuit against Ripple Labs, the latter has now filed an official response, with the same asserting that the SEC is picking virtual currency winners and losers by exempting Bitcoin and Ether from the scrutiny of similar regulations.

According to Ripple, XRP was designed to be a “better Bitcoin” and more secure because control over the XRPL is more distributed.

Ripple’s response also pointed out that the mere filing of the SEC’s complaint has caused immense harm to XRP holders, cutting the value of their holdings substantially and contributing to numerous exchanges, market makers, and other market participants ceasing trading activities involving XRP. The blockchain firm argued that in bringing a case that alleges an unregistered securities offering of just over $1.3 billion from several years ago, the SEC has already caused more than approximately $15 billion in damages to those it “purports to protect.”

The 100-page document also went on to accuse the SEC of mischaracterizing several items on the record, including the claim that Ripple’s sales of XRP constituted a “significant part” of the XRP. According to Ripple, these sales constituted less than 0.4% of the total XRP transaction volume in nearly all periods.

To conclude, Ripple equivocally denied all charges in the SEC’s amended complaint, calling the allegations “overarching.”

“We’re looking forward to learning more about the SEC’s meetings with major XRP market participants who asked for guidance but were never told that XRP transactions would be subject to federal securities laws,” Stuart Alderoty, Ripple’s General Counsel, added on Twitter.

The timing of the said development is interesting, especially since it came just a day after Ripple execs Brad Garlinghouse and Chris Larsen filed motions to dismiss the amended complaint.


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Source: https://ambcrypto.com/sec-responsible-for-15-billion-in-damages-to-xrp-holders-ripple

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How to Protect Yourself from the Cryptojacking Threat

Republished by Plato

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Though fairly common in today’s age, for many, Cryptojacking might still be a brand-new term. What is Cryptojacking? Is this a threat for all computer and internet users? How can we prevent falling victim to Cryptojacking? And many more such questions are common. Some of the most common concerns have been addressed below.

What happens in Cryptojacking?

Cryptojacking is the latest, most innovative, shape of cybercrime. These jackers will use your computer to mine cryptocurrencies maliciously. This can happen on both personal and business laptops, computers, and mobile devices. Cybercriminals hack into any of these devices to install software that uses the computer/laptop/smartphone’s resources and power to mine cryptocurrencies or steal wallets of unsuspecting victims. This is a grave threat as it is hard to detect and easy to deploy and run in the background. The main idea is using another computer and device’s resources to do crypto mining work for them and whatever earnings or steals they make from the hijacked computers, they siphon it into their own digital wallets. 

Cryptojacking Methods

There are three main methods cryptojackers can opt for to maliciously mine for cryptocurrencies. Let’s skim through them so you know how to better protect yourself against them.

Browser-based Cryptojacking

This happens when the hacker uses IT infrastructure to mine and attack directly within the web browser. They create a crypto mining script that is embedded into different websites. These scripts can be embedded into out-of-date WordPress plugins or ads where they run automatically while the code gets downloaded into the user’s computer. 

File-Based Cryptojacking

File-based cryptojacking starts from downloading malware that runs an executable file. A Cryptomining script is spread through this file all around the IT infrastructure. The most common way to do so is to spread malicious emails with links or attachments that look fairly legitimate for the user to click on them. If they click, the code is executed and downloads the crypto mining script to work in the background on the user’s computer without their knowledge.

Cloud Cryptojacking

Cloud Cryptojacking is used when a hacker searches for API keys through an organization’s code and files to gain access to their cloud services. They then gather unlimited CPU resources for crypto mining and this resultantly increases account costs quite significantly. Hackers illicitly mine for currencies using this method as it helps them accelerate at a much faster rate. 

How to detect Cryptojacking?

The crypto mining scripts generated by hackers can be very tricky to detect and locate, which is why you need a highly vigilant IT team at work 24/7 for your organization’s operation. Here are some common signs that will tell you something’s wrong before it’s too late and practices that can help you detect cryptojacking, look out for these!

Overheating

Just like any other intensive task, Cryptojacking involves resource processing that can heat your computing device quickly. Overheating will shorten the lifespan of your device and damage it immensely. Moreover, overheating means the fans in your devices will run longer than they should to keep the system cool and running.

Decreased performance

One of the major signs of cryptojacking is a decrease in the performance of your laptop, PC, mobile device, or tablet. If you observe an unexplained decrease in processing speed, immediately call an IT technician and get it checked. If you’re running an organization, educate all your employees about their cybersecurity and about signs and symptoms they need to report. 

Regular Website Checks

Regularly monitor your website and all its web pages to make sure there are no changes to the files and webpages on the web server. This is a great way to prevent a Cryptojacking attack.

Monitor CPU Usage

Analyze your CPU usage regularly by using a task manager or activity monitor. An unjustified increase in the CPU usage means there’s something fishy going on. Especially for a website that has little to no media content that could drive traffic. 

Protection against Cryptojacking?

Following are some recommendations from security experts on the prevention of Cryptojacking.

Maintain good security hygiene

Establish solid security hygiene to lower the risk of Cryptojacking as all such attackers are opportunists and always on the hunt for wear, vulnerable venue. Hackers run numerous exploits on websites and get through whenever there is a patch.

Web filtering

Keep your web filtering tools up to date and make sure your users are blocked from accessing a webpage that you identified delivering Cryptojacking scripts. 

Anti-crypto mining browser extensions

To coin the cash and deploy the Cryptojacking script, crypto-miner hooks into web browsers. You can use browser extensions to block such crypto miners. Browser extensions such as No Coin, minerBlock, and Anti Miner can be used. 

Disable JavaScript and enabling Ad-Blockers

Disabling JavaScript when browsing online will protect Cryptojacking code from infecting your device. And, Ad-blockers will detect and block crypto-mining codes that are commonly placed in web ads.

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Blockchain Association meeting with key Biden staff about regulations

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U.S.-based crypto advocacy group, the Blockchain Association, is lobbying key figures in the Biden administration to advocate for more favorable regulations.

The Association’s executive director, Kristin Smith, told Fox Business the group has already met with or is in the process of scheduling meetings with high-ranking Whitehouse officials including Treasury Secretary Janet Yellen, Deputy Secretary nominee and former BlackRock executive Wally Adeyemo, along with representatives of the Treasury Department.

Citing reported comments from Yellen about how the primary utility of cryptocurrency is “illicit financing,” Smith said the association’s key aim was to assist the Treasury chief to “understand the value of crypto networks:”

Our number one priority is helping Yellen understand crypto goes beyond the financing of criminal enterprises.”

Yellen has been criticized by the crypto sector for describing Bitcoin as “an extremely inefficient way of conduction transactions,” and speculating that BTC is not “widely used as a transaction mechanism.”

Despite her apparent hostility toward Bitcoin, Yellen has expressed openness to centralized DLT, with the secretary stating a digital dollar could offer “faster, safe, and cheaper payments” than existing fiat currency last month.

Adam Traidman, CEO of crypto wallet BRD, indicated representatives of the crypto sector are “trying to work as high up the Treasury food chain as we can,” adding:

“We’re not opposed to regulation and compliance, but we need time to spur innovation and grease the skids for adoption of crypto first.”

Traidman emphasized concerns regarding regulations for wallets and crypto-to-crypto transactions, stating: “One of our main goals is to carve out crypto to crypto transactions from most regulations. If crypto transfers have to meet wire transfer rules, that will harm the industry.”

Some in the crypto community have also expressed concern regarding Joe Biden’s nominee for chairman of the Securities and Exchange Commission, Gary Gensler — who has previously described Ethereum’s 2014 ICO as an unregistered securities offering.

Earlier this week, Gensler told the Senate Banking Committee the SEC will work to ensure the crypto markets “are free of fraud and manipulation,” accusing off-shore exchanges of having been “rife with fraud.”

The Blockchain Association’s members include crypto heavyweights Circle, Binance.US, Grayscale, and Kraken.

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Source: https://cointelegraph.com/news/blockchain-association-meeting-with-key-biden-staff-about-regulations

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