It was established as a platform that would allow individuals and businesses to buy, sell, and accept Bitcoin crypto-currency. The platform eventually found its way to mobile devices in 2015 and is now considered one of the largest Bitcoin trading services in Europe. Most recently, people have been using the platform as a means to deposit/withdraw funds to/from their online casino accounts.
Security Is Cubits Top Priority
A pressing concern that most players encounter when transacting with online casinos is security. Thanks to the Cubits platform, players wouldn’t have to worry about this anymore. So long as the online casino supports payments through the Cubits API then players can use their Cubits wallet to pay for their deposits with Bitcoins. With this mobile payments solution, players will no longer need to input any kind of financial information (except when they initially set up their wallets) when they transact at supported online casinos and sportsbooks.
Using Cubits For Mobile Payments Registration
So how do you go about using the Cubits platform then? Well, it’s actually fairly easy. First off, the player should first sign up for a Wallet on Cubits’ official site on her mobile device. The whole process can be completed in a couple of minutes and only requires your legal name and email. Once you’ve clicked on the Sign-Up button, you’ll then receive an email to confirm your registration. To complete the registration process, it’s all a matter of clicking on the Confirm button on the email you received. This should then take you back to the log-in page for your Wallet.
Depositing Funds To Your Cubits Wallet
Now that you have a Wallet, you can then proceed to buy Bitcoins on the Cubits platform. Users can choose from a plethora of payment methods that include Online Bank Transfer, Skrill, OK Pay, and Sofort Uberweisung to purchase these Bitcoins. Additionally, they can opt to purchase the cryptocurrency using SEPA (Single European Payment Area) or International Bank Transfer. What’s also great about this Bitcoin-purchasing feature is that it supports multiple currencies that include (but aren’t limited to) the Euro, Australian Dollar, Swedish Krona, Great Britain’s Pound, Canadian Dollar, US Dollar, and even the Japanese Yen.
Funding Your Online Casino Accounts
Now that you have a funded Cubits Wallet, all that’s left is to fund your player account on your favorite online casino. Of course, you’ll first need to make sure that your online casino accepts payments via Bitcoin or Cubits. For online casinos that accept Cubits deposits, you’ll only need to choose Cubits as your preferred payment method on the site’s payments page. You’re then going to be given a private depositing address and then redirected to a Cubit's page. The next step would then be to just send the minimum Bitcoin deposit amount (which will usually vary depending on the online casino) to the private depositing address that was shown to you earlier. The deposited amount is automatically credited to your account and you should be able to play your favorite casino games right away.
Limitations
Despite the convenience and security it affords, Cubits is not without its faults. Chief among these is the service’s availability. As of this writing, the platform's Bitcoin Buy and Sell feature is still not usable for players residing in the United States. Additionally, the platform requires users to undergo SMS as well as Document verification (secured through IDNow) to remove the €150 daily transaction (covers buying and selling) limit to their accounts. Aside from the availability and transaction limits for unverified accounts, Bitcoin value is also rather volatile (Bitcoin Volatility Index estimates that it’s 2.30% as of this writing) relative to other currencies (historically pegged at .5% to 1%). Finally, there aren’t that many online casinos that accept Bitcoin deposits or use the platform as of yet (relative to online casinos that use other popular non-BTC payment options).
Summary
So, is the Cubits platform worth a try? Yes, it definitely is. The platform’s positives far outweigh its drawbacks. Players who want security and convenience for all their online transactions (online casino-related or otherwise) are sure to love what the platform has to offer. In terms of flexibility, the platform can also function similarly to any other Bitcoin wallet. This means that its use is not limited to just transactions with online casinos. Players can use this to purchase items/services online as well as receive payment for any service/s they might have rendered. For a platform that only started its operations in 2014, Cubits has gone a long way.
