1xBit is an offshoot of 1xBet and offers nearly the same betting standards as its big brother 1xBet. The bookmaker originates in Russia – thanks to its proximity to the Asian market, the aggressive odds – in other words a high payout ratio – can be summed up in one word: outstanding! 1xBit must therefore be mentioned in the same breath as Marathonbet, Pinnacle, etc., and draws its massive betting offer, including thousands of livestreams, from the Russian provider Cascade. 1xBit’s unique selling point is already visible in the logo – “Bit” stands for nothing other than Bitcoin – an up-and-coming anonymous currency that we’ll take a closer look at in this review. The logo also contains parts of the official Bitcoin symbol.
Website and Language
With 47 languages, 1xBit covers the entire globe and, not least thanks to the global Bitcoin currency, is a bookmaker that can – if not must – become relevant for any sports bettor active worldwide. And naturally, German is included in the language selection. With this previously unmatched range of languages, you can happily overlook the odd translation slip here and there (a few small parts of the FAQ section aren’t fully translated). Professionals were clearly at work here, not some translation tool, as one might quickly assume. Whether it’s the slideshow, the betslip or the betting options – standard German betting-industry terminology is used throughout. With this offering you can easily lose track of things; to avoid that, above the left-hand navigation there’s a menu bar with a magnifying glass that leads to the search function.
The concept at 1xBit is 100% geared toward the Bitcoin currency. Almost every area points you toward the currency, and there’s a deliberate emphasis on the fact that you stay anonymous at 1xBit. The slideshow links directly to the Bitcoin FAQs and advertises with the words “Modern, Anonymous, Fast”. Alongside this, even as an unregistered user you can always access information via the German live chat in the bottom right of the screen. Besides the top odds, users get plenty of added value – just like William Hill or Unibet, 1xBit offers countless livestreams. However, 1xBit doesn’t seem to concern itself much with broadcasting licenses. From the German Bundesliga to a local ITF tennis tournament, registered users can watch live footage, with betting odds delivered directly in the top right corner of the broadcast. At 1xBit, livestream broadcasts are allowed to fill the entire screen. With the competition, the desktop screen is typically limited to about 1/8 of the screen size.
The simple menu navigation is livened up with country and sport icons. Above each event there’s a countdown that ticks down to the start of the respective event. Under the 1XBonus section there are countless daily offers, a voucher code store, 1XToto, and there are always references to promotions for the countless offline betting shops based in Russia.
Betting Offer and Bet Types
As an alternative to the following lines, you’re welcome to read the 1xBet review’s “Betting Offer and Bet Types” section instead. The offering, including the odds, is identical, and superlatives are called for in almost every sub-area. Payout ratios of up to 99% for 2-way and 3-way betting markets. Across more than 30 sports you can bet on almost anything, from German lottery numbers to a top-10 finish in an averagely attractive men’s or women’s Alpine slalom.
The payout ratio drifts slightly lower on live bets for smaller leagues, but it’s still higher than with European competitors. Betting taxes for German end customers also don’t apply, since the German market isn’t actively advertised in the media. The multi-live view is particularly well done – here you can pin multiple tabs to one screen and follow your personal betslip live.
For a typical Premier League match, you can select nearly 2600 betting options (please don’t confuse this with betting markets – expressed in markets per match, that would be roughly 800 per match).
Deposits and Withdrawals
As already mentioned, everything here revolves around the Bitcoin currency – 1xBit is a Bitcoin bookmaker and offers exclusively Bitcoin deposits. In other words, all deposits and withdrawals must be made via Bitcoin. The advantages for you as a user are obvious. You stay anonymous, you can transfer the money to your betting account immediately (with no waiting time), and you can deposit and withdraw any amount (with no limits).
Bitcoin is a cyber currency that defies all other standard currencies – because of its anonymity, this is also an increasingly thorny issue for tax authorities and governments. There are no tangible banknotes or coins; the currency itself consists of computed, encrypted blocks of data. In other words, this data-based money is largely tamper-proof, and the value of Bitcoins cannot be artificially manipulated. A “bit” is the smallest unit of storage in computing, and a “coin” is the term for a coin. Bitcoins are by no means a passing fad in 2016 – the currency has existed since January 2009. Bitcoins are generated through complex formulas with highly secure encryption across a network and are regulated by the Bitcoin Foundation.
You can acquire Bitcoins through so-called Bitcoin exchanges, (NOTE: Bitcoins are subject to stronger price fluctuations than other currencies, since it’s not yet entirely clear how Bitcoin will develop in the future. Generally speaking: the value rises with rising demand, and quite a few experts predict a bright future for this currency). Or you can offer goods online and have yourself paid in Bitcoins. To pay with Bitcoins you need to register a virtual wallet and have the amount debited when paying via phone or laptop.
A distinction is made between desktop, online and mobile wallets. You install these wallets on your device and then gain control over your own Bitcoin management.
Desktop:
– BITCOIN CORE
– ELECTRUM
– MULTIBIT
– GREENADDRESS
Online:
– BLOCKCHAIN
– COINBASE
– GREENADDRESS
– CUBITS
Mobile:
– BITCOINWALLET
– MUCELIUMWALLET
– COPAY
You pay via so-called Bitcoin wallets – these wallets can nowadays also be topped up at charging stations in German-speaking major cities (Euros in – Bitcoins out). For transfers, you just need the recipient’s Bitcoin address, and a transfer intermediary is awarded a small fee. BUT BE CAREFUL: mistaken transfers cannot be cancelled.
Support
In the FAQ section, only the headings are translated into German – if you’re interested in a specific topic, you should be fluent in English. Here it’s advisable to go directly to the German-language support instead. It typically responds within a minute and has competent help on hand. 1xBit is of course also reachable by email – in the Contacts section you can send specific emails to various departments (general, security, marketing, etc.).
Conclusion
1xBit is 1xBet’s Bitcoin solution and focuses purely on payments via Bitcoin. For users for whom Bitcoin is new territory, it’s worth taking the time beforehand to read up on the whole “Bitcoin” topic – the author of this article can only recommend doing so, since Bitcoin can sooner or later become relevant for any user. The offering and the odds at 1xBit are second to none – a German live chat is also available. The live chat team comes directly from 1xBet, just like the risk management. Anyone who wants to avoid quick limitations should first take advantage of the top odds on the top leagues. Generally, limitations are barely an issue – you place your bets anonymously and can open another account at any time.
Maximum bets on smaller leagues can reduce the size of the payout ratio. On top of that, there are livestreams covering nearly every league, shown across the entire screen size.
1xBit Rating
1xBit currently offers all new customers from Germany a 100% up to 1 Bitcoin (roughly equivalent to €3,500, as of August 2017) welcome bonus. Yes, you heard that right – 100% up to the equivalent of about €3,700 (as of mid-August 2017). All you need to do is register an account at 1xBit and fill in all the relevant fields on the “My Account” registration form. Then you deposit money into your player account, and 1xBit doubles this amount up to a maximum of 1 Bitcoin (or the equivalent value in another currency). The bonus is credited automatically after your first deposit. The bonus must be wagered 5x on at least one 3-fold accumulator bet (every selection of this accumulator must have odds of 1.4 or higher) before a withdrawal can be requested. All selections of the accumulator must be settled properly (no cancelled matches, etc.) for the accumulator to count toward the wagering requirement. The bonus must be wagered within 30 days of receiving it, otherwise all winnings achieved with the bonus are forfeited.
1xBit Details
Sports Betting at 1xBit
| Minimum single bet: | 20 cents |
| Maximum stake: | depends on league and odds – usually four figures |
| Payout ratio: | 93-99.1% |
| Betting tax: | no |
| Live betting: | yes |
| Odds format: | Decimal odds, fractional odds, American odds and 3 more |
Deposits
| Payment method: | Bitcoins. |
| Deposit fees: | no fees |
| Minimum deposit: | €1 |
| Maximum deposit: | no limit |
Withdrawals
| Withdrawal options: | Bitcoins |
| Minimum withdrawal: | €2 |
| Withdrawal fees: | no fees |
| Maximum withdrawal: | No limit |
| Withdrawal time: | Bitcoin: 3-15 minutes |
Further Details
| Currencies: | Euro and many more |
| Live chat: | yes |
| Poker / Casino: | no / yes |
| Available in languages: | German, English, French, Swedish, Norwegian, Russian, Turkish, Arabic, Kurdish and 37 more |
| Bonus: | 100% up to 1 Bitcoin (approx. €3,700 as of mid-August) for customers from Germany |
