Rollbit is a feature-rich crypto casino and trading platform built on Ethereum. It offers thousands of games, sports betting, NFTs, and up to 1000x leverage on crypto derivatives. Read on for a full Rollbit review of pros, cons, key features, and top alternative platforms.
What is Rollbit?
Rollbit is a decentralized, crypto-based online gambling site built on Ethereum allowing betting on games, events, and financial markets without requiring identity verification. It features a full-fledged casino, sportsbook, NFT functionality, and leveraged cryptocurrency derivatives trading all in one platform.
- Rollbit generates over 750,000 monthly visits, up 258% year-over-year
- The site currently ranks #2,349 globally on Alexa
- Rollbit has a domain rating of 67 on Ahrefs, indicating strong backlinks
- Social engagement is high with over 150,000 Twitter followers
- The Rollbit Coin token (RLB) has a market cap over $53 million
- Rollbit processes millions in weekly crypto betting volume
Rollbit Review of Pros and Cons
Rollbit offers a smooth, modern user experience packed with features for crypto gamblers. However, there are some limitations to consider.
|Lucrative rewards program with rakeback, races, and cashback
|Lack of phone customer support
|Generous surprise bonuses like free spins, and NFT drops
|Restricted in several countries
|Rapid no-limit crypto withdrawals with no fees
|Higher house edge on some games
|Intuitive site design and navigation
|Crypto-only banking options
|Thousands of quality casino games and betting options
Overall, Rollbit succeeds in providing a seamless one-stop crypto gaming hub, but falls short in certain areas like restricting access and support channels.
A Closer Look at Rollbit’s Best Features
Live Casino and Games
Rollbit offers over 3,500 slots and games from top providers like Pragmatic Play and Evolution Gaming. It specializes in niche casino games alongside popular titles like Sweet Bonanza. Side bets increase win potential.
The sportsbook offers extensive betting markets across traditional sports, eSports, and in-play betting supported by strong liquidity and odds. Soccer, tennis, and basketball lead sports coverage.
Rollbit features an NFT marketplace for buying, selling, and betting NFTs. Users can also stake NFTs to take out USDC loans with competitive interest rates. Rollbit has its own NFT collection called Rollbots.
Buying, Managing, and Trading Crypto
Users can buy, sell and trade Bitcoin, Ethereum and 100+ tokens and speculate on crypto prices up to 1000x leverage. Advanced traders also get access to emerging tokens through Rollbit’s Degen EXchange feature.
Rollbit offers a 5% rakeback on its house edge as well as event rewards like daily $10K wagering races open to all users. The Rollbots NFT collection entitles holders to boosted rakeback up to 25% of the house edge.
Rollbit Deposits and Withdrawals
Rollbit offers a wide variety of deposit options, including major cryptocurrencies, stablecoins, Visa, Mastercard, Apple Pay and Google Pay – all with no deposit fees. Users can instantly credit their account hassle-free.
Withdrawals are currently crypto-only, which is comparable to competitors in this market segment. Fees are low – Bitcoin and Ethereum withdrawals cost the network transaction fee only above certain threshold amounts. Other cryptos have small fixed withdrawal fees of around $1 equivalent.
While currently unlicensed, Rollbit utilizes security best practices to offer a relatively safe platform. Crypto addresses instead of personal info are used. Games are provided by certified partners. And Rollbit has earned a reputable user base evident in its high TrustPilot rating. The discontinued license could raise some risks, though.
Rollbit Verification Process
Rollbit does not require identity verification to sign up and access key functionality. This includes deposits, playing games, trading crypto, and more.
However, per anti-money laundering policies, users may need to eventually complete KYC, providing proof of ID and address – similar to other AML-compliant crypto platforms. The verification process to confirm user details appears standard without delays.
Rollbit Customer Service
Rollbit offers 24/7 customer support through email and Discord. Support responses are typically prompt within 24 hours and helpful in addressing player issues per reviews. Users report a smooth, quick experience getting needed support.
Rollbit User Experience
Rollbit focuses heavily on user experience, crafting an intuitive, easy-to-use interface across its variety of casino, sportsbook, NFT, and trading options. The platform is designed to appeal to crypto enthusiasts being decentralized and verification-free. The crypto futures trading is also tailored for beginner traders.
Available Tokens on Rollbit
Rollbit developed its own ERC-20 utility token called RLB used to power rewards, staking, governance, discounted fees, NFT activities, and more. RLB helps connect platform incentives.
The platform also supports deposits, wagers, and trading using major cryptocurrencies like Bitcoin, and Ethereum, plus over 100 popular altcoins, providing broad crypto market access.
Regulatory Compliance and Legal Status
Previously licensed for gaming in the crypto jurisdiction of Curaçao, Rollbit discontinued its active license after adding derivatives trading, likely due to regulatory uncertainty around high-leverage crypto products. For licensed crypto casinos, see alternatives below.
Liquidity and Volume
As an established crypto casino and trading site, Rollbit commands significant volume across gaming, NFT activity, and crypto futures markets. This provides healthy liquidity for user trades and bets to execute smoothly, as well as tight spreads on crypto leverage trading pairs.
Staking and Lending Options
The RLB platform token can be staked to earn yield around 4%, governance rights, and discounted platform fees. Unique for a casino, Rollbit also offers NFT staking – users can collateralize NFT holdings to borrow stablecoins (USDC) at competitive interest rates.
App and Web Experience
Rollbit Web Experience
As a purely web-based platform, Rollbit is accessible on both desktop and mobile devices via a website without any downloads. The web interface includes full platform functionality with an emphasis on usability. The design is intuitive, pages load quickly, and navigation is simple providing a smooth experience.
Rollbit succeeds in delivering an all-in-one playground focused on crypto gaming, NFT collecting, sports betting, and trading altcoins with leverage. With easy access and no ID verification, it could appeal to seasoned crypto traders. Those newer to crypto may prefer more regulated alternatives below for enhanced security and protection though.
|Up to $10k Match
|Up to 1000x
Does Rollbit require KYC?
No, Rollbit does not require identity verification to sign up and use basic functionality. However, users may need to complete KYC later per anti-money laundering policies.
How safe and secure is Rollbit?
While currently unlicensed, Rollbit utilizes security best practices like crypto deposits/withdrawals and certified gaming providers to offer a secure platform. It also has a strong reputation with a high TrustPilot rating.
What is the RLB token used for?
RLB is Rollbit’s ERC-20 utility token used for platform rewards, staking, governance rights, NFT interactions, and discounted fees. It powers many aspects of the Rollbit ecosystem.