My Honest mBitcasino Review (Tested With Real Deposit)

mBitcasino is another long-standing casino in the cryptocurrency gambling industry. This website is operating since 2014 and it has transformed itself from a hybrid fiat/crypto casino to a cryptocurrency-only platform. In the last few years, this casino was not as active as others, but it keeps providing high-quality service and prompt cashouts to its users.

To create this mBitcasino review I have made a 5 mBTC deposit, I have requested a welcome offer, and I have tested out the speed of the withdrawals. Keep reading this review to know all the small details connected to this crypto gambling brand.

✔️ Is mBitcasino legit? (5/5)

mBitcasino is a licensed cryptocurrency casino, and guess what? Yes, it operates under the Curacao license. Right now, there are two possibilities for crypto gambling websites to choose from: not having a license at all or taking the cheapest Curacao license.

Curacao is still accepted by most game providers, which do not want to cooperate with unregulated casinos. But do not delude yourself with hopes that this authority will be interested to solve any possible disputes. So, you have to always pay attention to real testimonials and cases if you are dealing with casinos that have a license from Curacao.  

I give the maximum number of points to this section. mBitcasino has been operating in the crypto market for several years. There is some negative feedback online, but it looks like all the issues were connected to a misinterpretation of the rules and Terms and Conditions.

🎲 Games and providers (4/5)

The collection of slot games at mBitcasino is ample. You will find here some of the most popular game providers, including Pragmatic, Nolimit, GameArt, Play’n GO, and Endorphina. I was not able to find any NetEnt games, but these are pretty rare in the crypto gambling space.

When it comes to Live casino games, it becomes very hard to navigate through the live dealer lobby. When you want to filter the games by provider, then the website shows a mix up of slot and live providers.

I can see that, at least, Evolution and Pragmatic Live games are presented here.

This section of the mBitcasino review gets 4 points out of 5. The Live casino lobby should be rebuilt, as it is impossible to filter out the games according to the players’ needs.

🎰 Slots RTP (0/5)

I was not able to find any information regarding the RTP rates. I’ve decided to ask for information from the live support:

It means that mBitcasino does not provide any RTP info itself. The only possibility to know the Return-to-player rate is when the slot provider publishes the RTP inside the game. There are not that many providers doing this and it is an uncomfortable way of checking the info.

mBitcasino is a white-label platform powered by Softswiss and they do have API access that provides the RTP rates for every game. The RTP information is very important, especially when your bonuses and promotions come with wagering requirements.

I give zero points to this section of the review, as the absence of the Return-to-player information is unacceptable for such a long-standing casino.

💰 Payment methods (4/5)

mBitcasino is a cryptocurrency-only online casino that does not accept any fiat payments anymore. They are working with six different crypto assets: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dogecoin, and Tether.

You can check all the deposit and withdrawal limits on their dedicated page:

mBitcasino does not deduct any withdrawal fees on your cashouts, which is great.

There is a wagering requirement you need to accomplish before requesting a withdrawal. You need to wager your deposit at least once in slots or 10 times in table or live casino games.

You may also be asked to cover the transaction fees if you do not wager your deposit three times before requesting a cashout. I am not sure whether this rule is actually being applied or not. I did not wager my deposit three times when I requested my withdrawal and it was sent to me with no additional costs.

I have made my deposit with Bitcoin. As you can see on the deposit modal window, the minimum deposit should be at least 0.2 mBTC.

I have sent 0.005 BTC (5 mBTC) to my deposit address in order to receive the 1^st deposit bonus that we will discuss in the next section of the review.

The deposit was confirmed by the network and appeared on my casino balance.

In this section, I deduct only 1 point for the wagering requirements attached to the deposit. While 1x wagering requirement is a pretty common thing in crypto casinos, I find the 10x wagering requirement in live casino a bit overdosed.

🚀 Welcome bonuses (1/5)

As a first depositor, you can get a 110% match bonus of up to 5 BTC plus 300 free spins. You need to deposit at least 0.005 BTC in order to get the 300 free spins offer.

If you deposit less than 0.005 BTC then your account will be credited with only 20 free spins.

The free spins will be credited in portions of 50 FS per day during the next 6 days after the first deposit is done.

The wagering requirement for the free spins winnings is 40x.

For the match bonuses, the wagering requirement is 35x.

Real money will be used first when you start playing with an active bonus.

You will start clearing the wagering requirements right after receiving the bonus. Some casinos are only counting bonus money bets toward the wagering process, so you have to lose your real money balance first. This is not the case with mBitcasino match bonuses. Their bonuses are designed in a less greedy way.

You also need to know that there is a maximum bet in place that you are allowed to use while playing with an active bonus.

All your winnings generated with an active bonus will be forfeited if you decide to cancel the bonus. So be very careful when you decide to cancel any bonus. If you won a solid amount with an active bonus and decide to remove the bonus to make a cashout, then your winnings will be removed as well.

I have also asked the customer support agent for some clarification regarding the winnings. The wagering requirements are set at the beginning once you receive the bonus. All new winnings gained in the process of playing are not subject to wagering.

After making a 5 mBTC deposit together with bonus money my casino balance was 10.5 mBTC.

With a 35x wagering requirement I have to place 192.5 mBTC in bets to clear this bonus. I have also received 20 free spins right away.

The free spins can be activated together with an active match bonus. This was confirmed by the live chat agent.

I have activated the free spins bonus. Let me show you the process of playing the free spins.

The value of one free spin is 0.005 mBTC.

At current rates, this is 0.26 USD.

I was able to win 0.016 mBTC after playing all 20 free spins.

Now I can also see the wagering requirements for the 20 free spins bonus. To clear this out I have to wager 0.64 mBTC (x40 wagering).

The support agent has also sent me a message that the first portion of 50 free spins was also credited.

Here is it visible in my bonus section:

This time I won 0.028 mBTC and I’ve had to place 1.12 mBTC in bets to clear the bonus. Your wagers count only for one of the active bonuses. So, first of all, I need to clear the 110% match bonus and then the two free spins bonuses.

Now let’s talk about the mBitcasino 110% match deposit bonus, is it even worth taking? I cannot see the RTP rate of the slot games published here, but as an example, we can take some average 96% rate.

I have to wager 192.5 mBTC to clear the bonus. After wagering this amount on a 96% RTP slot, in the long-term, I will lose 192.5 x 4% = 7.7 mBTC.

So, after clearing the bonus I will have 10.5 – 7.7 = 2.8 mBTC left on my balance.

These calculations are purely based on math, and it might happen that you lose everything before clearing the bonus, or vice versa, you win a solid amount and end up with a higher balance.

I don’t like any sort of wagering bonuses. So, after playing a while, I just decided to cancel the match bonus and try to wager out two small free spins bonuses.

My balance before canceling the bonus:

After canceling the bonus, I had 9.7521 – 5.5 = 4.2521 mBTC left on my balance.

I continued placing bets in slots and then decided to check the wagering status. Both of my free spin bonuses were marked as lost.

This is what support told me on that matter:

The support agent stated that both of my bonuses were lost because the bonus amount went below 0.000001 BTC. I am not sure how this was possible. The rules say that I play with my real money first and my bonus money would not be wasted.

I asked the support agent to point me to the rule of T&C which describes the situation that just happened:

The rules say that if my balance with an active bonus hits the minimum amount, the bonus will get canceled. My balance has never reached the minimum amount, so the free spins winnings were removed without a valid reason.

If you start wagering the winnings gained from free spins and you lose more than the amount of the bonus, then it is highly possible that the bonus will be removed. I guess this is how the system works, but there is no clear rule in the Terms and Conditions that describes this matter.

I must admit that all the free spin offers of mBitcasino are total garbage. There is a very low chance that you will be able to wager them out.

This section of the review gets only 1 point out of 5. You will not be able to clear the free spin offers, so there is absolutely no point in taking those. As for the match bonus, it is possible to clear the 35x wagering requirement, but in the long term, you will end up losing more than the bonus amount itself.

📢 Promotions (2/5)

There are several promotions offered by mBitcasino, but are those fair and rewarding? Let’s find out.

The first one is a cashback. You can get a daily cashback of up to 0.1 BTC. The maximum cashback available is 20%, which you can get after reaching the last VIP level.

To receive this cashback, you need to lose at least 1 mBTC.

The next one is Dungeons & Crypto Escapade.

This promo offers new bonuses every day: it may be free spins or reload bonuses that come with wagering requirements. As we already know, the mBitcasino free spins offers are not worth taking at all.

Now let’s move to the races. The prizes here come with no wagering requirements and the prize pool is 6 mBTC every 3 hours.

You need to hit the highest bet multiplier in order to secure a place in the top 10. That is a simple and straightforward promotion.

You will also be earning Comp Point while playing real money games. There is an option to exchange your Comp Points for mBTC. You will have to wager those exchanged funds 20 times.

You will not find any information regarding the CP accumulation process anywhere on the website. So, I decided to ask what it takes to earn those points:

Let’s take 250 mBTC per 1 CP as an example.

You can exchange 10 CP for 1 mBTC. To accumulate 10 CP, you need to wager 0.25 BTC x 10 = 2.5 BTC.

Basically, the exchange option is useless, as the reward is miserable compared to the amount that you need to wager.

You can also level up through the VIP program to earn a higher Cashback rate and reload bonuses. There are no rules for these bonuses described anywhere on the VIP page, so I am not sure what conditions applied to these bonuses.

What is the difference between weekly and usual reload bonus? What are the wagering requirements for the reload bonuses? Should you also wager the winnings gained from the milestone free spins? There are too many questions and no answers.

You also need to get 3 points to reach the second level and that is 3 x 250 = 750 mBTC in bets. This VIP program is unrealistic unless you are a highroller.

I give 2 points out of five to this section of the review: one point for the cashback offer and another one for the daily races. The VIP program is unclear, the rewards in CP exchange are miserable and daily Dungeon bonuses are not worth taking.

🔎 KYC and anonymity (3/5)

As mBitcasino is operating under the Curacao gambling license, it is obligated to have a KYC procedure in place. According to the T&Cs, the verification can be requested at any time.

For the identity check, they may require a selfie or even a phone call.

I have also decided to check the KYC terms with the mBticasino customer support. They told me that the verification is only requested in case of suspicious activity.

👨‍💻 Customer support (4/5)

The live chat agents were always online during the whole testing process. Usually, the answers were clear and reasonable, except for the removed bonus issue. I have multiple times asked to point me the rule in the Terms and Conditions regarding the issues faced, but I did not receive any accurate answer. This is the reason why I deduct one point in this section of the mBitcasino review.

⚡ Speed of withdrawals (4/5)

mBitcasino states that they process the withdrawals in no more than ten minutes.

Let’s find out if it is true or not. I have requested my withdrawal back to my Bitcoin wallet.

Here you can see the record in the payments’ history regarding the cashout:

And now we can check when the withdrawal was actually released. The casino website and blockchain tracker work in different time zones, but you can see that it took 35 minutes to release the payment.

I deduct one point here for the false statement. 35 minutes is still a good result, but it is not what was promised.

🌐 Is VPN allowed? (1/5)

According to the T&Cs, you cannot use VPN to play at mBitcasino.

In fact, I was using the VPN through the whole experiment and never experienced any issues with the service or cashout processing. So, I guess using a VPN is your sole responsibility. You can still try to use it, but you risk your account being blocked.

🏁 Final verdict (2.8/5)

mBitcasino might be your choice if you don’t care about the bonuses and just want to play games with fast and free of charge withdrawals. There is nothing special about this casino and that is a shame for a brand operating on the market since the beginning of the crypto gambling industry.