Summary

Betcoin is arguably the best one-stop betting shop for bitcoin gamblers, a triple threat product, boasting excellent products across bitcoin sports, bitcoin poker and bitcoin casino. The loyalty program is insanely lucrative, with massive bitcoin returns, prizes, and a shop where points may be spent for prizes. And in terms of mobile and tablet products, Betcoin sets the bar in the market.

While 5dimes and Betonline’s recent decision to accept bitcoin has somewhat diffused Betcoin’s unique offering to US players, the speed at which Betcoin processes transactions is superior, and there are no charges for bitcoin transactions – unlike Betonline’s 2% fee.

This review begins detailing the overall product, including how to deposit an open an account, and a review of the incredible loyalty program. We will then proceed to discuss the Casino, Sportsbook, and Poker products in turn.

Bitcoin at Betcoin – Or, Why Can’t Things Always Be This Easy?

The first thing that new players will be impressed with is the superior process for account opening and funding. The only information required is a username, password, and email to fully complete registration. Players need not even verify their email accounts.

New users are then able to deposit with bitcoin or litecoin. Deposits are instantly credited, while withdrawals hit user wallets “typically within 15 minutes, and no more than 4 hours”. For US players conditioned to convoluted payment processes, this is truly an incredible development.

Betcoin’s Loyalty Program

The Betcoin “VIP Player’s Club” – not to be confused with the “Poker Player’s Club” – is a VIP program in which users earn betcoin points – not to be confused with status points – that can be exchanged for cash and prizes or redeemed in the store – coming soon. There are seven different VIP levels, each with three different steps, with each step offering more benefits.
Betcoin really does deliver some crazy-amazing value here, despite their rather confused messaging.

The VIP levels are based on lifetime achievement – once a VIP level has been reached, a player cannot be demoted to a lower level. I’ve taken the table below directly Betcoin’s Vip Rewards page, which is actually pretty difficult to find. I’ve combined the steps within each level for ease of viewing. For instance – within the bronze VIP level, there are three different sub-levels – bronze III from 0-999 points, Bronze II from 1000-2,4999 points, and Bronze I from 2,500 points until 4,999. The definitions of the rewards are shown below the table.

VIP level	Status points	Casino rewards	Sports rewards	Poker rewards
Bronze	1-4,999	.01-.03% betback 1-3.5% lossback	0.1% betback 0-2% lossback	10-16.6% rakeback Bronze monthly freeroll
Silver	5,000-39,999	.04-.07% betback 5-8.3% lossback	0.3-0.5% betback 3-5% lossback	20-26.6% rakeback Silver monthly freeroll
Gold	40,000-99,999	.09-.13 betback 10-13.3% lossback	0.6-0.8% betback 6-8% lossback	30-33.3% rakeback Gold monthly freeroll
Emerald	100,000-249,999	0.15-0.19 betback 15-18.3% lossback	0.9-1.1% betback 9-11% lossback	35-38.3% rakeback Emerald monthly freeroll
Ruby	250,000-999,999	0.21-0.25 betback 20-23.3% lossback	1.2-1.4% betback 12-14% lossback	40-43.3% rakeback Ruby monthly freeroll
Diamond	1m-9.99m	0.27-0.32% betback 25-30% lossback	1.5-1.8% betback 15-18% lossback	45-48.3% rakeback Diamond monthly freeroll
Master	10m+	0.35% betback 33% lossback	2% betback 20% lossback	50% rakeback Master montly freeroll

Rakeback: The percentage of a players rake which is returned at the end of each month. Rakeback is paid back in Betcoin Points. This is paid out monthly.

Betback: The percentage of casino and sportsbook turnover that is returned to the bettor in the form of Betcoin Points. This is paid out monthly.
Lossback: The percentage of a player’s losses that is paid back to the user, in the form of Betcoin Points. This is paid out daily.

Additionally each VIP level gets a daily “surprise box” containing prizes ranging from bonuses and free spins to Betcoin or Status Points. A user must login to claim the daily surprise – so better login daily!

Status points are earned by playing on any of the betcoin products. They release as follows:

Game type	Bet/rake/fee	Status points earned
Casino	1 chip	.01
Sports	1 chip	.01
Poker cash games	1 chip	6
Poker tournaments	1 chip	6

Each chip is equivalent to one mbit, or .001 bitcoin.

The Betcoin Website

It took awhile, but Betcoin finally merged its multiple products to a central portal, betcoin.ag. The Casino and Sportsbook, both web-based, have a shared wallet that can be accessed directly from the website. Poker, accessible only from a downloadable Winning Poker Network client, requires transferring the desired balance, which is easily done from the user dashboard.

Speaking of the dashboard, we recommend starting your gaming off with a visit to the “wallet” tab, accessible after clicking on the username, located in the upper right hand corner of the homepage. This is the control frame of the mother ship, with an account of chip balance, your VIP Player’s Club information, and all deposit and withdrawal information that might be required. The Bonus tab shows all current casino bonuses for reference, as well as any earn poker tournament tickets.

A word on navigation and content. Users can finally access all products from betcoin.ag, and secondary websites like betcoincasino, betcoinpoker and betcoinsports finally redirect to the central portal, and a single login has been integrated. This is a massive improvement, as navigation used to be very confused – it was as if Betcoin was unsure how to circumvent the fact that they did not own betcoin.com, and thus offered three different connected products that did not really connect properly.

However, the content and communication is sometimes off. Outdated bonuses or promotions at times remain prominently displayed, which misleads users. Messaging is not always effectively managed – an example being the “live dealer” tab in the casino, whose filtering system does not actually populate games. This is because the product is not live yet – though rather than saying this, a “no games fit your criteria” is displayed for search results.

In any event, all of this has also been improved greatly in the second half of 2015, prior to which it was difficult to know where each click would take you and contradictory information was posted regularly across their different sites.

BetCoin Casino Review

It is often characteristic for multi-product gaming operators to integrate a casino primarily as a cross-over product. Not so BetCoin. The casino is excellent and could succeed as a stand-alone product.

Betcoin Casino Bonus

Betcoin offers new casino players bonuses across the first three deposits for a maximum of three BTC.

Deposit Bonus	Turnover amount	Included Games	Bonus Expiration
-First Deposit: 100% up to 1 BTC -Second Deposit: 50% up to 1 BTC -Third Deposit: 25% up to 1 BTC	20x bonus+deposit	Slots (not progressive), Keno, Scratchers,Virtual Racebook	30 days

Bonuses are available on deposits of .05 bitcoin or higher, and must be requested from support after making the deposit. Please note that if the bitcoin bonus is requested, players must complete playthrough requirements prior to withdrawing. Attempting to withdraw bonuses prior to completion of the requirements will void the bonus amount and all winnings. Please do not play on excluded games prior to completion of the bonus – doing so allows Betcoin the right to void the bonus and earnings. This is meant to protect the casino from bonus abuse which, considering the relatively reasonable wagering requirements, could be quite the issue.

So, long story short – if you are coming to Betcoin to play table games, BitReview advises you to let support know you do not want a welcome bonus, and thus avoid any misunderstandings.

Betcoin Casino Games

Betcoin, like many in the industry, use the very popular BetSoft software, offering games that can go toe to toe with any fiat online casino providers. Betcoin boasts over 150 games including:

• Over 100 Bitcoin Slots, included 50+ BetSoft 3D Slots and 30+ video Slots;
• Seventeen Video Poker games including Deuces Wild and Jacks or Better
• Seven types of Roulette including European and American variations, and Craps
• 8 different Blackjack variations
• 9 casino poker games including Caribbean Poker and Pao Gao
• And a few different types of Baccarat

The 16 Progressive Jackpots are helpfully grouped together in a single tab, with each game displaying its current jackpot. As of February 2015, the total amount of Progressive Jackpots on Betcoin Casino was 550,000 credits, or 550 bitcoins, including Greedy Goblins at an impressive 160,000!

Betcoin offers live dealers through Ezugi, which seems to be the live dealer provider of choice for bitcoin casinos. Live Blackjack, Roulette and Baccarat are offered with stakes from .25-500 credits per hand, dealt by cute dealers who are paid to be extra nice to you.

Betcoin Mobile Casino

Betcoin has a fantastic Mobile product, accessible from iOS, Android, or any major mobile software. There are 50 games available, each individually optimized for handheld devices, from blackjack to Gypsy Rose, Davinci Codex and The True Sheriff 3D slots!

Casino Final Thoughts

Kudos to Betcoin for continuing to integrate multiple gaming suppliers to increase its portfolio of casino games, and putting particular focus to rolling out the top titles on their excellent mobile platform. With one of the best bonus offers out there, Betcoin is a great place for Casino enthusiasts to have a gamble, as well as sports bettors and poker players looking for some side action.

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Betcoin Sportsbook

Baseball, American Football and Basketball (male and female), soccer, hockey, rugby and cricket, boxing, snooker, female curling, even political races, betcoin has a massive catalogue of sports and leagues available for betting in American Money Line or European fraction or decimal formats.

The in-play betting interface is very intuitive, and you can watch the odds dance across the 20+ types of betting categories for popular matches. Pre-match, the number of bet types is obviously determined by liquidity, but most American sporting events offer multiple handicaps and over/unders are offered for American sports, and European soccer can offer over 70 different bet types per match.

Users are offered the option to choose parlay or system bets on the betslip. parlay bets, otherwise known as multis or accumulators, offer users the chance for much higher returns if all chosen bets win. Conversely, if one of the bets loses, the entire parlay loses. System bets, on the other hand, are similar to Parlays accept payouts are made for every successful bet, with higher payouts the more bets are won. At least two bets are needed for Parlays, three to make a system bet.

Betcoin Mobile Sports

Betcoin offers an excellent mobile product, optimized across any handheld device and with full features, including live betting.

Sports Final Thoughts

While the book hasn’t had the time to integrate all the bet types and features of 20-year-old products like 5dimes, Betcoin offers an experience that is essentially registration-free, with instant and free deposits and withdrawals.

 

Betcoin Poker

Unfortunately, Betcoin was acquired by CoinGaming, who shut down the US operation and pulled the room out of Winning Poker Network.  Poker is meant to relaunch soon, but expect extremely low liquidity making it basically unplayable.  If you want to get on the Winning Poker Network, open an account with America’s Cardroom and go ahead and deposit in bitcoin.

Customer Support

Betcoin has email support who did not respond to our first contact attempt. Might have been a personal problem. There is also instant chat, a rarity in the bitcoin marketplace. Support agents man the instant chat from Monday to Friday, from 10am until 10pm, UTC-5:00, which roughly correlates to eastern standard time.

Bottom Line

Betcoin offers a one stop shop for bitcoin poker, casino and sportsbetting. Players from all over the world can register and deposit in literally seconds. Betcoin’s VIP program is the best in the entire online gaming market, offering amazing value to players.

Whether your tastes are limited to sports, casino or poker, or if you dabble in a couple different gaming categories, BetCoin is an exceptional product and definitely worth a go.