Rollbit Review

Summary: Rollbit is a rapidly growing online platform that combines gaming and cryptocurrency trading. It offers a wide array of casino games, a sportsbook, futures trading up to 1000x leverage, and NFT trading. Users can also get involved using the platform's utility token, the Rollbit Coin. Joining the platform is straightforward, requiring no Know-Your-Customer (KYC) information.

Despite recent controversy over the revocation of their Curacao gaming license, Rollbit remains a user-friendly, secure platform licensed and regulated in Curacao and Cyprus.

What is Rollbit?

Rollbit is a multifaceted online platform known for its gaming and cryptocurrency trading services. Its unique X-Roulette game, a provably fair game, and a broad selection of casino games from top software providers have made it a favorite among online gamers. The platform's user-friendly interface and commitment to security and fairness further enhance its appeal.

Moreover, Rollbit has gained traction in the cryptocurrency trading sphere, offering up to 1000x leverage on crypto futures. Users can easily manage trades on the platform's Crypto Futures page. Rollbit's unique price-formulation strategy ensures robustness against market manipulation and technical issues. With its diverse offerings, Rollbit is carving a unique niche in the online gaming and cryptocurrency trading sectors.

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Rollbit Features Overview

Rollbit is a comprehensive platform offering a variety of features and products. Here's a brief overview:

1. Casino Games: Rollbit provides a diverse selection of casino games, including slots, blackjack, roulette, and more. Each game follows specific rules and regulations, which may vary over time.
2. Live Casino: This feature allows players to join live casino rooms, enabling real-time interaction with dealers and other participants.
3. Crypto Sportsbook: Rollbit's sportsbook feature lets users place bets on a wide range of sports events, including NFL, NBA, Soccer, UFC, eSports, and more.
4. Rollbit Futures Trading: This feature allows users to engage in crypto futures trading. Notably, Rollbit offers up to 1,000x leverage on its exchange platform.
5. NFT Trading: Rollbit also includes a dedicated section for trading non-fungible tokens (NFTs), where users can buy and sell digital collectibles.

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How to Play on Rollbit

The onboarding process for Rollbit is simple and does not require Know-Your-Customer (KYC) information, which means you can get started with an email address and password only. Users can also onboard with Web 3 by connecting their account to a MetaMask Wallet and using funds on-chain to play on Rollbit.

You can follow this step by step guide to start playing on the Rollbit Crypto Betting platform:

1. Sign up with email/password or connect MetaMask Wallet.
2. Deposit Bitcoin (BTC), Ethereum (ETH), USDC (USDC) or other tokens to your account.
3. Find the game you want to play on Rollbit (Slots, Sportsbooks, Futures Trading etc).
4. Input the amount you want to play with and confirm your bet or trade.

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How to Buy Rollbit Coin (RLB)

Rollbit offers its native token, $RLB, which serves as the utility token for their casino. The Rollbit Coin, based on the Solana (SOL) blockchain, grants access to their lottery where 20% of the casino's profits are redistributed as prizes.

One of the standout features of Rollbit is the ability to purchase the Rollbit Coin directly on the platform itself. This can be done using a variety of collateral options, including USD, USDT, Bitcoin, USDC, and many others. This direct purchase option on the Rollbit platform simplifies the process, making it more convenient and user-friendly.

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Rollbit Casino

The Rollbit Crypto Casino is the most popular feature of the platform, with the most users and the most volume moved. They offer all of the popular games, including slots, blackjack, craps, monopoly, wheel of fortune, baccarat and more. The gaming experience is straightforward and easy to use, with a clean interface and secure transactions.

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Rollbit Sportsbook

The Rollbit Sportsbook is the next most popular feature of the  platform, allowing players to wager on their favorite sports and eSports. Bettors can place bets on a wide range of sporting events, such as NFL, NBA, soccer, UFC and more. The sportsbook offers competitive odds and is reliable and easy to use.

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Rollbit Futures Trading

The Rollbit Futures Trading platform is an advanced feature of the casino which allows players to trade cryptocurrencies with up to 1,000x leverage. Traders can take long or short positions on a variety of trading pairs, and access several tools for technical analysis in order to make informed decisions.

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What are the Fees?

Rollbit does not charge any fees for deposits or withdrawals. However, you should note that the minimum deposit and withdrawal amounts may vary depending on the tokens you are using. Also, there may be network fees for transactions when sending or receiving crypto funds.

When it comes to betting and trading fees, Rollbit charges zero commissions.  However, crypto trading on Rollbit does have overnight financing fees and swap fees, which are calculated based on the size of the position.

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Is Rollbit Safe and Regulated?

Rollbit's parent entity Bull Gaming N.V. is regulated and licensed in both Curacao and Cyprus, making it a secure platform to use. The companies license number is GLH-OCCHKTW0702112020 and is publicly verifiable on the Curacao Gaming Registrar.

The company also follows all regulations set by the governments in which they operate. Additionally, all users' funds are kept safe and secure in cold (offline) wallets, ensuring that users' funds are never at risk of being stolen or compromised.

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Rollbit Controversy

Rollbit was recently caught up in a controversy on Twitter as community members pointed out that the casino had their Curacao gaming licensed revoked. This was on the basis that Rollbit was offering 1,000x derivatives on cryptocurrencies, which did not fall within the coverage of the Curacao Gaming License.

You can find Rollbit's official response to them losing their license here.

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Bottom Line

In conclusion, Rollbit is a unique platform that combines the thrill of online gaming with the potential of cryptocurrency trading. Its diverse offerings, including a wide range of casino games, live casino rooms, a sportsbook, futures trading, and NFT trading, make it a one-stop destination for both gamers and crypto enthusiasts. The platform's user-friendly interface, commitment to security, and innovative features like the Rollbit Coin further enhance its appeal.

Despite recent controversies, Rollbit continues to adapt and evolve, ensuring it remains at the forefront of the online gaming and cryptocurrency trading sectors. Whether you're an avid gamer, a seasoned trader, or a newcomer to the crypto world, Rollbit offers an engaging and secure platform to explore and enjoy.