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Cubits Online Casino Payment Option

Bailey Haun
by Bailey Haun

iGaming News, Casino Reviews and Games

It was established as a platform for 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 to deposit/withdraw funds to/from their online casino accounts.

Table Of Contents

Security Is Cubits Top Priority

Security is a pressing concern that most players encounter when transacting with online casinos. Thanks to the Cubits platform, players won’t have to worry about this anymore. So long as the online casino supports payments through the Cubits API, 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 financial information (except when they initially set up their wallets) when transacting 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 fairly easy. First, the player should sign up for a Wallet on Cubits’ official site on her mobile device. The process can be completed in a few minutes and only requires your legal name and email. Once you’ve clicked the Sign-Up button, you’ll receive an email confirming your registration. To complete the registration process, click on the Confirm button in 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 buy Bitcoins on the Cubits platform. Users can choose from many payment methods, including Online Bank Transfer, Skrill, OK Pay, and Sofort Uberweisung, to purchase these Bitcoins. Additionally, they can 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 invest your player account on your favorite online casino. Of course, you’ll first need to ensure 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 will then be given a private depositing address and redirected to a Cubit's page. The next step would be to send the minimum Bitcoin deposit amount (which usually varies depending on the online casino) to the private depositing address you showed earlier. The deposited amount is automatically credited to your account, and you should be able to play your favorite casino games immediately.

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 in the United States. Additionally, the platform requires users to undergo SMS and Document verification (secured through IDNow) to remove the €150 daily transaction (covers buying and selling) limit on their accounts. Aside from the availability and transaction limits for unverified accounts, Bitcoin value is also somewhat volatile (Bitcoin Volatility Index estimates 2.30% as of this writing) relative to other currencies (historically pegged at .5% to 1%). Finally, there aren’t many online casinos that accept Bitcoin deposits or use the platform yet (relative to online casinos that use other popular non-BTC payment options).

Summary

So, is the Cubits platform worth a try? Yes, it 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) will love what the platform offers. Regarding flexibility, the platform can function similarly to any other Bitcoin wallet. This means its use is not limited to just transactions with online casinos. Players can use this to purchase items/services online and receive payment for any service/s they might have rendered. Cubits has gone a long way for a platform that only started its operations in 2014.

Want to try it out? Visit the site now to open your own Cubits Wallet for free.

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