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Rollbit Review

Rollbit Review

Discover Rollbit's exciting blend of casino gaming with cryptocurrency trading, highlighted by its innovative Rollbit Coin (RLB).

Summary: Rollbit, favored by key Crypto Twitter influencers like Gainzy and 0xSisyphus, merges casino gaming with cryptocurrency trading. It offers an array of casino games, a detailed sportsbook, and sophisticated crypto futures trading, including up to 1000x leverage and NFT trading.

The Rollbit Coin (RLB) not only enhances user interaction but also provides value to investors through buybacks and burns from platform revenues. With its firm security under Curacao and Cyprus licenses and a no-KYC policy, Rollbit stands out as a premier destination for online gamers and crypto traders.

Rollbit Review
4.9 out of 5 by Datawallet
Rollbit is an innovative online platform that merges casino gaming with cryptocurrency trading, offering a diverse range of games and high-leverage crypto futures.
Available Games
Casino Games, Sports Betting, Futures Trading, NFT Trading and more.
Funding Options
BTC, ETH, USDC, USDT, SOL and more.
Licensing and Regulation
Gaming License from the Government of Curacao.

Content Guide
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What is Rollbit?

Rollbit is a rapidly growing online platform that combines casino gaming with cryptocurrency trading. It offers a wide selection of casino games, a comprehensive sportsbook, and advanced features in crypto futures trading, including up to 1000x leverage, alongside NFT trading. Central to its appeal is the Rollbit Coin (RLB), a utility token that enhances user interaction within the platform. Easy to access, Rollbit requires no KYC information to join, making it straightforward and appealing to a broad user base.

Despite regulatory challenges, including the revocation of its Curacao gaming license, Rollbit ensures a secure and compliant environment under its licenses from Curacao and Cyprus. The platform prioritizes user security, evident in its use of offline wallets for safeguarding user funds. Rollbit's diverse offerings, from live casino rooms to crypto trading, cater to various interests, from online gaming enthusiasts to crypto investors.

Rollbit

Rollbit’s Key Features

Rollbit stands out as a multifunctional online platform, offering an array of features that cater to various interests, aligning with the needs of its diverse user base. Here's an insightful overview of its key offerings:

  • Casino Games: Rollbit's casino section includes games like slots, blackjack, and roulette. Governed by evolving rules and regulations, these games ensure a secure and fair gaming experience, reflecting Rollbit’s adherence to industry standards.
  • Live Casino: The live casino feature at Rollbit offers real-time gaming with professional dealers. This immersive option bridges the online and physical casino gap, providing a realistic gaming atmosphere for users.
  • Crypto Sportsbook: Sports and esports enthusiasts can access a wide-ranging sportsbook on Rollbit. Covering events from the NFL to esports, it offers competitive betting options in a user-friendly environment.
  • Futures Trading: For cryptocurrency traders, Rollbit presents an advanced futures trading platform with up to 1,000x leverage. This feature caters to a spectrum of traders, supported by robust security.
  • NFT Trading: Addressing the rising interest in digital assets, Rollbit includes a section dedicated to NFT trading, where users can securely trade digital collectibles.

In summary, Rollbit offers diverse and compliant features, catering to gaming, sports betting, and cryptocurrency trading enthusiasts in a secure no-KYC environment.

Rollbit Futures

Rollbit Futures is distinguished by offering up to 1000x leverage on cryptocurrency futures, attracting a diverse range of traders. Access to this feature is straightforward through Rollbit's Crypto Futures page.

Here are the essentials of Rollbit futures products:

  • Diverse Asset Support: Rollbit Futures supports a wide range of popular crypto assets, including Bitcoin, Ethereum, SOL, RLB, PEPE, WLD, APT, AVAX, ARB, and more, all with the option of 1000x leverage. This variety caters to the diverse preferences and strategies of traders.
  • Trade Execution and Tracking: Traders can place bets on cryptocurrency price movements with selectable leverage up to 1000x. The platform's 'Active bets' tab provides detailed insights into each trade, including entry price, amount bet, leverage, and the current profit or loss.
  • Trading Features and Limits: Rollbit offers additional trading features like trade sharing and automatic cashout settings. It uses a secure price formulation strategy to ensure market integrity. Trading limits are generally capped at $1,000,000, allowing users to request personalized adjustments.
  • Fee Structures: Rollbit provides two fee options: the 'PnL Cut', a profit-based fee, and the 'Flat Fee', a fixed charge at the trade time. Rollbit also encourages using its $RLB token by offering reduced fees, enhancing affordability for frequent traders.
Rollbit Futures

Rollbit Coin and Tokenomics

Rollbit has introduced a pivotal update to its Rollbit Coin (RLB) tokenomics, primarily through the Buy and Burn initiative, launched on August 8, 2023. This program is a strategic move to reduce the RLB token's supply, enhancing its value. It involves Rollbit's Rollbot buying RLB tokens and burning 90% of them, with the remaining 10% allocated to Rollbot stakers. The initiative is funded by revenues from Rollbit's Casino, Sportsbook, and Futures Trading.

This shift in tokenomics, from relying on a lottery system for token burns to implementing the Buy and Burn as an ongoing process, is aimed at maintaining RLB's deflationary nature. The change addresses the slowdown in burn rate caused by reduced staking as RLB's value increased.

Rollbit Coin and Tokenomics

Is Rollbit Licensed?

Yes, Rollbit is a licensed and regulated brand under Bull Gaming N.V., headquartered at Abraham de Veerstraat 9, Willemstad, Curacao. It is authorized by the Government of Curaçao, operating under the Master License of Gaming Services Provider, N.V. #365/JAZ. Additionally, Rollbit's payments are processed by WINGAMING SUPPORT LIMITED, based in Nicosia, Cyprus, ensuring a regulated and secure platform for users involved in online gaming and cryptocurrency trading.

Rollbit Fees

Rollbit implements a unique fee structure for its various services, tailored to different types of activities on the platform. Here's an overview:

  • Deposits and Withdrawals: There are no fees for depositing or withdrawing funds on Rollbit. Users should note minimum transaction amounts and potential network fees for crypto transfers.
  • Trading Fees: In crypto trading, including futures, Rollbit doesn't charge standard commissions but applies overnight financing and swap fees based on the trade size.
  • Reduced Fees with RLB Token: Holding RLB tokens offers up to 60% discounts on both PnL Cut and Flat Fee structures.
  • Futures Trading Fees: Rollbit offers a 'PnL Cut' model, where traders pay a percentage of their profits as fees, calculated based on position size, hold duration, and leverage, with no fees for opening or closing trades. Alternatively, the 'Flat Fee' structure involves a fixed 0.04% fee at trade execution, covering entry, exit, and an upfront slippage fee.

These fee structures cater to different trading styles and preferences, offering flexibility and transparency to Rollbit's users.

Bottom Line

To sum up, Rollbit distinguishes itself as a comprehensive platform, skillfully integrating online gaming, sports betting, and cryptocurrency trading. It offers a range of casino games, a broad sportsbook, high-leverage crypto futures, and an active NFT market, all supported by its Rollbit Coin (RLB). 

With a commitment to security, evidenced by licenses from Curacao and Cyprus, Rollbit provides a reliable and secure environment. Its unique fee structure and innovative tokenomics, particularly with RLB, make it an attractive option for a diverse user base interested in gaming and trading.

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