My Honest Bspin Review (Tested With Real Deposit)

Bspin is a relatively small crypto casino compared to some other industry giants. Considering it has a different approach to the gambling business, I decided to give it a try.

To create this Bspin review, I have deposited 0.005 BTC to my account, I tried my luck in different casino games, and I successfully received my cashout back to my wallet. Keep reading this review to know all the details regarding the bonuses, payments, and customer service of Bspin.

✔️ Is Bspin legit? (3/5)

I was not able to find any significant information regarding the license under which Bspin is operating, so I decided to double-check it with the support agents.

What can be seen at the bottom of the website? It says that the casino is registered under the laws of Costa Rica, but it has no information about the license.

I am pretty much sure that we are dealing with an unregulated casino this time. Nonetheless, this does not mean that Bspin cannot be trusted as long as it pays for the winnings. Even licensed casinos may have payout-related issues, so the absence of a license does not mean that it can have withdrawal issues.

Bspin started its business back in 2019 and it has been operating since then. I could find some complaints related to the bonuses, loyalty program, or support service, but none of the users actually reported that the casino was having problems with funds’ withdrawals.

I give three points out of five to this section of the review. Dealing with an unregulated casino might be dangerous because these kinds of websites can simply disappear without any explanations. Despite that, as the website has been operating for several years now, we could trust that it was not created to scam people.

🎲 Games and providers (2/5)

The list of slot game providers is really small. This is not a surprise. It is impossible to close an agreement with top game providers without a proper license.

For the same reason there are no Live casino games presented, even when I can see Evolution Gaming’s banner in the website footer.

Now let’s talk about bet limits. Some games offer 20-25 uBTC as a minimum bet. This is around 1.2 – 1.5 USD at current rates. It is not a catastrophe but it is a bit too high for a minimum bet.

By the way, pay attention to the above screenshot. It looks like it belongs to GameArt slots, but this is not the case. The game is provided by a weird casino software provider called Lucky, and it looks like it is just plagiarizing the games of other game providers. I would definitely not suggest playing those games, as the math there can be configured against users.

This section of the Bspin review gets only two points. There is no live casino and there is a very limited number of slots to play. Some games have been plagiarized and have been configured with a high minimum bet.

🎰 Slots RTP (0/5)

The support agent said that some games show the RTP. He is referring to the games that might show it in the game settings. That being said, the number of slots showing this information is usually small.

The ‘Return to player’ rate is essential if you are dealing with match bonuses that have wagering requirements attached. Knowing the RTP of unregulated casinos is especially important if you want to make sure that the games are not rigged. This section does not receive any points from me.

💰 Payment methods (2/5)

Bitcoin is the only currency that you can play with at Bspin. While this might be enough for most cryptocurrency users, Bitcoin itself is not always the perfect coin for gamblers. This is especially clear when the price of BTC moves higher and the number of transactions grows. During these days, transactions take longer to be processed, and fees could also be higher.

Most crypto casinos add at least several alternative assets that could solve the congestion issue.

I have made a 0.005 BTC deposit to test Bspin casino out.

The coins appeared instantly in my balance. It is nice that the money is credited instantly and that you can start playing right away. In most casinos, you will have to wait for some network confirmations before the coins will be actually available for playing.

The deposit should be confirmed at least 6 times by the time you decide to make a withdrawal. The minimal withdrawal amount is 30 uBTC, which is around 2 dollars at the time of writing.

To request a cashout, you will also need to pay the withdrawal fee. There are three options to choose from slow, default, and fast.

Slow withdrawals will cost you 70uBTC (~4.4 USD)

The default withdrawal will cost you 250 uBTC (~15.8 USD)

For the fast withdrawal, you will have to pay 500 uBTC (~31.6 USD)

Even the slow option requires 7 times more money than what is actually needed to send out the payment. I was able to send the deposit the same day paying only 0.56 USD.

One of the positive things related to the Payments is that you don’t have to wager your deposit amount before requesting a withdrawal.

This section of Bspin’s review gets only two points from me. The casino should definitely add more coins to its arsenal and re-configure the withdrawal fee structure.

🚀 Welcome bonuses (1/5)

The banner on the main page of the casino states that Bspin has a 100% fair 1^st deposit bonus. Unfortunately, this is not the case.

The rules of the bonus look straightforward: you can find the min and max amounts of the bonus, the wagering requirements, the game contributions, and the terms.

But there are two really important things missing in the above T&Cs, which were mentioned by the support agent when we had a chat regarding the offer.

• The wagering process starts only when you start playing with bonus money
• Real money is always used first

I have double-checked with the support team as these rules were not included in the bonus T&Cs.

This information is very important as it has a clear impact in the math behind this bonus. It means that you will have two times less money to clear out the x35 wagering requirement.

Let’s say that you have made a 100 USD deposit and received another 100 USD as a bonus. You will have to wager 100 x 35 = 3500 USD. If you play a 96% RTP slot, then, in the long term, after wagering 3.5k you will lose 3500 x 4% = 140 USD.

Don’t forget, that your wagering starts only after you have lost your deposit and have 100 USD of bonus money left on the account. It seems that to clear the bonus you will have to lose more money than you actually have left.

This is not a fair welcome bonus and deserves only one point out of five. Mathematically this bonus is impossible to beat and what is more important, the T&Cs are incomplete and create an illusion that the bonus is good.

📢 Promotions (2/5)

For loyal players, Bspin offers a level-up program that will award you with rank bonuses, cashback, and special BTC volatility cashbacks.

The levels look a bit too hard to reach. To achieve the first New Hope level you have to wager 0.1 BTC, which is around 6k USD at current rates.

The cashback is paid in real money, so you won’t have to wager anything in order to withdraw it.

The same happens for the rank bonus, which is also being credited with no wagering requirements attached.

To reach the fifth level, you are required to make 50 BTC in bets. On this level, you will also start getting an additional BTC volatility cashback.

This one is calculated based on the price of Bitcoin movements. It basically gives you more cashback if the price of Bitcoin goes down. This has an interesting mechanic. It is too bad that level 5 is only achievable for high roller players.

I can also see that starting from level 7 an instant withdrawal option is also proposed. Basically, it means that the payments for those VIP players would be released automatically without manual approval.

I give this section two points out of five. The loyalty program looks interesting, but unfortunately, it is not designed for small or medium players. It would be nice if Bspin could configure it in a more accessible way.

🔎 KYC and anonymity (5/5)

I was not able to find a list of restricted countries, so I decided to figure it out with the help of a support agent. It looks like there are no geo restrictions. You can register and play from any country you want as long as the Bspin website is available.

It also appears that Bspin is working without any KYC verifications. This is possible due to the unregulated status of the casino.

This section of Bspin’s review gets the maximum number of points. The absence of country restrictions and KYC checks is a great option for players who value anonymity. But at the same time, you need to understand all the drawbacks of a casino operating without a license.

👨‍💻 Customer support (5/5)

All my communications with customer support were through the live chat service. The agent was always there to answer all my questions. The conversation was quick, correct, and respectful. Bspin’s support team deserves a rating of five points.

⚡ Speed of withdrawals (5/5)

Once requesting my Bitcoin withdrawal, I decided to proceed with the slow option.

After making a request I have received a notification, that my cashout should be approved by the casino.

It was confirmed really fast! In three minutes, the withdrawal was released to my BTC wallet.

There is absolutely no point in using the default or fast withdrawal options. When transaction fees on the Bitcoin network are in normal ranges, the payout would be quickly released, even with the slow withdrawal option. This section of Bitspin’s review also gets the maximum grade.

🌐 Is VPN allowed? (5/5)

The support agent said that some game providers might not be available when using a VPN, but overall, the usage of VPN is not forbidden. This is not a surprise; the casino has no country restrictions or KYC verification in place, so it would be weird to restrict players from using VPN. I also give Bspin five points out of five here.

🏁 Final verdict (3/5)

Bspin casino is a perfect choice for players who do not want to share any personal details and play as anonymously as possible. The unregulated factor gives some benefits in terms of service availability, but it also adds lots of limitations.

There are not that many game providers that are ready to cooperate with a non-licensed casino and this is the reason for the low number of games presented here. Users can also use just Bitcoin to process deposits and withdrawals, there are no other coins supported. It can be okay to use it during times with low volatility in the market, but other cryptos would be preferable when Bitcoin fees move higher.