1xBit Exposed — Is This for Real?
Sometimes it’s hard to take some of these lotto sites seriously. Take 1xbit.com/en/lotto – on their face menu they talk about their 12 different lotto choices to play (it’s actually 33). This site was founded in 2016 but don’t you think they could take the time to update their sales pitch? This is an online lottery provider where the buy-in and winnings are “mBT”. I believe that’s milli-bit-coins but not sure as the usual abbreviation is mBTC. So are they playing in real currency?
This TheLotter review explores all the pros and cons of this lottery agent
Games at 1xBit.com
1xBit.com offers 33 different games to bet on. These include the usual big boys of US Powerball and Mega Lotto, down to Canada’s 7/49, Singapore’s 6 Ball, and a variety of European lotteries. Winnings are based on the official results from the jackpot down to (in some cases) paying out on choosing the correct bonus ball. But, payouts are in mBT. Buying in also involves purchasing bitcoin through one of the suppliers listed.
Let’s Talk Bitcoin
1xBit.com lists about 44 different sites to purchase mBT. As far as I can figure, mBT refers to a division of bitcoin though it’s not usually published in that format. I talked to Ixbit.com/en/lotto to try and get a handle on what the actual value was, and they will not discuss it. What I found confusing is most sites use the abbreviation mBTC versus mBT. I’m not sure about the rest of you, but if I’m playing lotteries online, I want to know exactly what I’m going to get. According to 1xbit.com, the term mBT is in fact milli-bit-coin hence 1,000th of a bitcoin. Surfing through the different lotteries, I couldn’t make heads or tails on what I’d win. Hey, I’m not a mathematician.
Getting Your Winnings at 1xBit.com
All deposits and withdrawals are through cryptocurrency. 1xBit.com says they will process all withdrawal requests 24 days, seven days a week though it does not say how long it will take to get your payout. Chatting online, I was told they would pay within 30 days. There is also no information on what happens when you withdraw your cryptocurrency i.e., how do you convert that to an actual currency and/or how to use it. Buried in the terms and conditions of play is “The maximum return is limited to 120 BTC.” So what does that mean regarding any jackpot I won?
Speaking of the Terms & Conditions
There isn’t a lot of information on lotteries in the terms and conditions. Most of it focuses on betting on sports, slots, live casino, and cockfighting (sorry couldn’t resist adding that). It appears lotteries were added as an afterthought. In the terms and conditions, the only real information is how to make bets.
Talking to Ixbit.com
There are email addresses for support, marketing, security, and B2B connections and they say they will respond within 24 hours. There is an online form. There is also a pop-up window “Ask a Question” which is an online chat. There I no information on when they are there, and it seems most of the info they can respond with is back to the ole sports and other casino games.
Why You Should Register with Ixbit
Lots of International Lotteries to Bet On
Uses a Crypto-Currency
Why You Shouldn’t Register with Ixbit
What is “mBT”?
When will I get my winnings?
Where and who are you?
Is Ixbit Legit?
There are some great online providers for playing international lotteries both to purchase tickets and bet on games. The whole concept of playing with a virtual currency through someone online (who I don’t know who, where or what he or she is) to get something that is the ‘the cloud’ is just too vague for me. Give me my winnings in straight ole US cash thank you, and I’ll take that straight to the bank… or shopping. Add to that; I want some clear terms and conditions to know what I’m winning and how I’m going to get it.
1xBit.com gets a thumbs-down. Just too much virtual and not enough real information for playing lotteries, especially on what I will win. If you have information to share on this and/or are playing here, I’d love to hear from you.
Help me figure out how you can be such scammers, on their part, there is pure dirt, I saw an office in an advertisement, I decided to register quickly so that it was interesting to place a couple of bets, I made a deposit, I lost for the first time, I made a second deposit and I lost again, I made a deposit for the third time and I just wanted to win back that I had lost, but I can’t log into my account and they write to the mail that I violated some rules, support does not respond and the deposit does not allow withdrawal!
account number: 229478701
someone will tell you how to get money back from these scammers?
Absolute garbage! Without reason nor warning they simply stopped giving me the ‘cashback’ that I’m promised as a player. I accrue about 1.5mbt a day, now 5 weeks, not one red cent! They can’t do anything in support but cut and paste the t and c. Stupid staff. Scam site.
multiple deposits in crypto never credited my account, they simply quit giving me my cashback, and mathematically I was able to prove the disparity between transparent and provably fair games, published RTP, and 1xbit’s claims. FACT: RTP’S ARE SYSTEMATICALLY 17-92% LOWER THAN STANDARD. WINNING ODDS REDUCE OVER TIME! i.e. IF YOU MAKE A DEPOSIT OF $20, YOU MAY WIN UP TO 60, MAYBE 80, THEN DESPITE GAME CHOICE, CASINO SECTION OR ANY OTHER VARIABLE, THE ODDS SHIFT FROM 70% RTP (STILL WAY TOO LOW) DOWN TO A PALTRY 21%! THIS SITE IS AN ALGORITHMIC SCHEME DESIGNED TO EXPLOIT ANY GAMBLERS DESIRE TO ‘WINBACK’ BY MAKING THE ODDS IMPOSSIBLE!
Very poor support. I sent XRP currency to them and they couldn’t explain to me the different accounts. You have the main account in BTC and you can create an XRP account. You have to create the XRP account first to have a faster transaction because in the first case the conversion to Bitcoin takes too long.
WARNING!!! 1XBIT IS SCAMMERS AND THIEF.
STEALED ME OVER 1.5BTC (12.500 EURO)
I HAVE PHOTOS AND PROOF.
THE FIRST TO BLOCK THE WITHDRAWALS. THEN, PLEASE LEAVE EMIAL TO RELEASE THE ADDRESS – firstname.lastname@example.org
FINALLY SEND THIS MESSAGE –
We want to inform you, that our company decided to stop any collaboration with you (closing your account).
The decision was made after a careful investigation of the situation by our security service.
The decision is based on a violation of the Terms and Conditions.
THEN, THE ACCOUNT CLOSES AND THE STEAL MONEY DO NOT WRITE ANYTHING.
IF SOMEONE HAS A 1XBIT ADDRESS, PLEASE HELP AND GIVE THE ADDRESS.
I have not tried to do withdraws, but I was under the impression the site was good…
anyway, I think the parent company is betb2b
betb2b.com is owned by BetB2B N.V. (reg.number 144424) with a registered office located at Perseusweg 27 A, Curacao as a License Holder (Curacao license No. 8048/JAZ2017-066)