Cloudbet Overview
Cloudbet launched in 2013, which makes it older than most crypto casinos anyone is talking about right now. The operator is Halcyon Super Holdings B.V.licensed under Curaçao Gaming Authority (OGL/2024/328/0599) and e-Gambling Montenegro (02/01-118/4). I registered in February 2026, claimed the welcome offer, and ran several test withdrawals across Bitcoin and Ethereum to check the processing pipeline myself.
The short verdict: Cloudbet earns its reputation on withdrawal speed and crypto breadth, but the restricted jurisdiction list is significant, the mobile experience is browser-only, and the potential 5% handling charge on transactions is something most players miss until it shows up.
Games & Providers
3,000+ games from 65+ providers is a solid library, not the deepest in the space (FortuneJack sits at 7,000, BetFury at 11,000), but Cloudbet's provider roster is high quality. Pragmatic Play, Evolution Gaming, Microgaming, NetEnt, Yggdrasil, Play'n GO, Hacksaw Gaming, Nolimit City, Push Gaming, and Red Tiger are all present. That covers almost every slot worth playing.
Live dealer is powered by Evolution, which is the right call. Original games exist (Crash, Dice, and a few others), but Cloudbet's originals catalog is thin compared to Stake or Gamdom, which have invested more heavily in provably fair in-house titles. For slots and live casino, the library checks out. For proprietary games, look elsewhere.
Bonuses & Wagering
The welcome package is framed as "up to 5 BTC" but the structure matters more than the headline number. Cloudbet uses a cash-drop/rakeback model rather than the standard deposit match with wagering requirements. That's actually a meaningful difference: a 100% match bonus with 40x wagering on a $500 deposit means $20,000 in required play-through before you touch bonus funds. Cloudbet's approach bypasses that entirely.
The referral program is genuinely generous at 2.5% lifetime rakeback on all referred players' bets, plus cash rewards when referrals level up. That's higher than most refer-a-friend programs in the space, which typically cap out at 1-1.5% and time-limit the commission. The ongoing loyalty program runs on Loyalty Points, functional, but less transparent in its tier structure than competitors like Gamdom, which publishes explicit rakeback percentages per rank.
One thing to flag: the potential 5% handling charge on transactions is not prominently disclosed. That can meaningfully erode value, especially on frequent smaller withdrawals. Worth reading the T&Cs before you deposit.
Deposits & Withdrawals
39+ cryptocurrencies accepted, plus fiat via Visa, Mastercard, and Apple Pay through MoonPay. The fiat route carries a 4.5% processing fee, which is on the high side. If you're moving serious volume and paying 4.5% on every deposit, that adds up fast.
Crypto withdrawals process in under 1 minute in most cases, our testing confirmed this across BTC, ETH, and LTC. No withdrawal limits are published, which is a positive, though the potential handling charge applies here too. Minimum withdrawal is 0.001 BTC. Bitcoin transactions typically confirm within 1-3 blocks depending on network conditions.
Compared to Stake, which also processes withdrawals near-instantly, Cloudbet's speeds are competitive. The difference is Stake supports fewer currencies (around 10-15 vs. Cloudbet's 39+). For players who hold altcoins like Cardano, Polkadot, or Chainlink, Cloudbet has clear advantages.
KYC policy: Cloudbet can request identity verification at any point, particularly on large withdrawals. The platform is registered in Curaçao and Montenegro, both of which require operator compliance with their own verification standards. From what I can tell, low-volume players often withdraw without full KYC, but the option to require it exists and gets used.
Trust & Licensing
Halcyon Super Holdings B.V. holds two licenses: Curaçao Gaming Authority (OGL/2024/328/0599) and e-Gambling Montenegro (02/01-118/4). Neither Curaçao nor Montenegro is in the tier of MGA (Malta) or UKGC regulators in terms of enforcement rigor, but a dual-license structure does indicate some regulatory oversight.
Over a decade of operation (2013 to present) without a major collapse is a legitimate trust signal in a space where operators regularly disappear. Cloudbet has official partnerships with the Professional Fighters League (PFL) and Karate Combat, which signals marketing budget and reputational investment, though sponsorships don't speak to payout reliability directly.
The casino is blocked in 21+ jurisdictions including the US, UK, Australia, Germany, and France. If you're in one of these regions, VPN usage is at your own risk and against the T&Cs.
Responsible Gambling
Cloudbet offers deposit limits, loss limits, session time limits, and self-exclusion options. The responsible gaming tools are accessible through account settings. As of February 2026, no third-party RG certification (GamCare, BeGambleAware) is displayed on the site, though the tools themselves are functional.
If gambling is affecting your life, call the National Problem Gambling Helpline: 1-800-522-4700, or visit ncpgambling.org.
Editorial Verdict
Cloudbet is the right choice for crypto-native players who prioritize currency variety (39+ supported), fast withdrawals, and a decade-plus operator track record. The no-wagering bonus structure is more honest than industry-standard match bonuses. Where it falls short: no native mobile app, browser-only mobile experience, a 4.5% fiat fee, and a potentially undisclosed 5% handling charge. The 21+ blocked jurisdiction list means a significant portion of the global audience can't legally access it.
The only way for a casino to make money is if you lose. Cloudbet's house edge is built into every game's RTP, not just the bonus math. PLEASE DO NOT GAMBLE WITH MONEY THAT YOU CANNOT AFFORD TO LOSE.