Cloudbet apart from traditional online gambling platforms, offering a secure and efficient alternative to fiat-based transactions. Players can engage with a wide array of cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), USDT, and PAXG, each with its own valuation, which impacts aspects like the welcome bonus. This guide shows how to create a CloudBet account.

What is CloudBet ?

Established in 2013 and operating under a Curacao license, Cloudbet has distinguished itself as a pioneering online sportsbook and casino, primarily catering to users who prefer transacting with cryptocurrencies.

This unique focus on digital currencies sets Cloudbet apart from traditional online gambling platforms, offering a secure and efficient alternative to fiat-based transactions. Players can engage with a wide array of cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), USDT, and PAXG, each with its own valuation, which impacts aspects like the welcome bonus.

Creating a Cloudbet Account steps

Cloudbet welcomes players from numerous countries, offering a range of benefits such as regular and easily claimable promotions. Creating an account with this sportsbook is a simple process. Here’s a step-by-step guide to get you started:

Step 1: Navigate to the Official Cloudbet Website

Begin by opening your preferred web browser and visiting the official Cloudbet website. Once on the homepage, locate the green “Join” button. This button is your gateway to the registration process. A new rage will take over. There, you will be asked to sign up via social networks. You can do this by clicking on their respective buttons, after which you will need to follow the following instructions to register your account.

You can also create an account on their site using your email address. Enter the email you wish to use for your registration on Cloudbet. Now log in to your email and click on the activation link. Click on it to complete the email registration process.

Step 2: Verifying Your Cloudbet Account

Cloudbet, as a cryptocurrency gaming platform, has a verification policy that varies depending on the type of transaction and currency used. Here’s what you need to know:

General Verification

• Cloudbet generally allows cryptocurrency withdrawals without identity verification. However, verification may be required for any type of withdrawal.
• If you request a fiat currency withdrawal (such as US dollars or euros), Cloudbet is very likely to ask you to verify your identity.

Documents Required for Verification

If verification is required, you will need to provide the following documents:

• Valid ID: A copy of your national ID card, driver’s license, or passport.
• Proof of address: A recent utility bill or bank statement.
• Photo with proof of date: A photo of you holding a document proving the current date.

Verification Process

• Cloudbet employees will review the documents you provide.
• If any issues arise, they will contact you by email.
• It’s important to note that verification requirements can change. Therefore, it is recommended to check the terms and conditions page on the official Cloudbet website.

Cloudbet’s Bonuses and promotions

Cloudbet boasts a range of attractive features, including cryptocurrency-exclusive deposits and withdrawals, a multilingual interface, a diverse selection of casino games and sports betting options, and a generous welcome bonus of up to 5 BTC.

The platform’s user interface is designed for intuitive navigation, ensuring a seamless experience for both novice and experienced users. New players who make a minimum first deposit of 0.01 BTC are eligible for a 100% deposit bonus, potentially reaching up to 5 BTC, along with other enticing perks such as free spins.

The welcome bonus structure varies depending on the cryptocurrency used for the initial deposit, offering a 100% match up to 5 BTC, BCH, ETH, or PAXG, or 1,000 USDT/USDC. Players have 365 days to meet the bonus wagering requirements, which involve accumulating loyalty points based on the chosen cryptocurrency.

The loyalty point accumulation rates differ for each currency, with specific thresholds for unlocking bonus increments.

Loyalty Points and Account Requirements

Loyalty points can be earned through both sports betting and casino gameplay. In sports betting, the calculation involves a formula that considers the bet amount, a multiplier, and a price score derived from the square root of the odds. Players can track their bonus progress within their account.

Cloudbet has specific requirements for account holders, including creating a valid account, adhering to geographical restrictions, providing verifiable registration information, and maintaining a single account per user. Certain email domains, such as .edu, are prohibited. Cloudbet reserves the right to charge a 5% fee for deposits and withdrawals to cover transaction costs.

Guide for deposit and withdrawal from CloudBet

Depositing and withdrawing funds on Cloudbet is primarily facilitated through cryptocurrencies, which allows for fast and secure transactions. Here’s a breakdown of the processes:

Depositing Funds

To begin, log in to your Cloudbet account and navigate to the “Deposit” or “Wallet” section. Here, you’ll select your preferred cryptocurrency, such as Bitcoin, Ethereum, or Litecoin. Cloudbet will then generate a unique deposit address for your account. It’s crucial to copy this address accurately.

Next, open your external cryptocurrency wallet (e.g., Coinbase, Binance) and initiate a transfer. Paste the Cloudbet deposit address into the recipient’s address field, double-checking for any errors. Enter the desired deposit amount and confirm the transaction.

Cryptocurrency transactions require network confirmations, and the time it takes for your deposit to appear on Cloudbet depends on the cryptocurrency and network congestion. You can track the transaction’s progress using a blockchain explorer. Once sufficient confirmations are received, the funds will be credited to your Cloudbet account.

Withdrawing Funds

To withdraw funds, log in to your Cloudbet account and go to the “Withdrawal” or “Wallet” section. Select the cryptocurrency you wish to withdraw and provide the address of your external cryptocurrency wallet. Double-check the address for accuracy. Enter the withdrawal amount and confirm the transaction.

Cloudbet may require additional security measures, such as 2FA verification. The processing time for withdrawals varies depending on the cryptocurrency and network conditions. Fiat currency withdrawals will take longer and require identity verification.

Faq- create a Cloudbet account