Best Cubits Online Casinos 2024

Lucas Costa
September 17, 2023
94 Views
⚠️ Warning: Cubits is insolvent; avoid using it as a payment method until further notice.

Cubits is a popular bitcoin wallet among casino players and one of the most widely accepted payment methods in the online gaming industry. Since the introduction of cryptocurrency, no other payment option has been able to effectively compete with Cubits. Many reputable online casinos now offer Cubits as a payment option.

Despite its popularity, many players still struggle to understand how to use Cubits in an online casino. However, the process of depositing, withdrawing, and playing with Cubits is actually quite simple and straightforward. You don’t need to be an expert to use it – learn more about it with us!

As an alternative, we offer casinos with other payment methods such as credit cards (MasterCard and Visa), e-wallets (Skrill and Neteller), prepaid cards, and more. Here you can find, for example, Paysafecard Casinos USA.

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Bitcoin with Cubits

Cubits is a bitcoin payment method that players can use to make payments at online casinos. Bitcoin is a form of digital currency, also known as cryptocurrency. It is used for online transactions and is decentralized, meaning it is not controlled by banks or financial institutions. Transactions are fast, easy, and convenient, and fees are very low.

Cubits, based in London, was founded to provide Bitcoin casino players with an easy and reliable way to make payments and exchange currencies. Softswiss is a Bitcoin casino software provider. Thanks to a merger with Cubits, casinos developed by Softswiss can now use Cubits as a payment method. This payment method allows both consumers and merchants to send and receive payments by converting Bitcoin into the user’s currency of choice.

In addition to being able to conduct online transactions using Bitcoin, the Cubits payment platform can also be used to exchange money in a total of 17 different currencies. Cubits is also suitable for requesting, buying, and selling money in different currencies.

Are Cubits secure?

The security of users and their money is the main concern of Cubits. There have been reports in the past of online casinos having to shut down recently due to potential hacks and other security issues.

The development team is based in Berlin and uses state-of-the-art technology to ensure the security of all transactions and prevent unauthorized access to the system.

Cubits employs a number of security measures, including multi-signature technology, to ensure that all transactions are protected from hackers and all money is safe.

Two-factor authentication is available at login. Notifications are sent to the user for all account actions. These include transactions as well as changes to personal information.

Coins are stored in an offline wallet, also called ‘cold storage’. Withdrawals must be signed off by Cubits, and larger orders – more than just a few Bitcoins – are manually reviewed before sign-off to ensure integrity. If anything seems odd, the customer will be contacted directly by support.

How do Cubits payments work?

Making payments with Cubits at online casinos is simple and straightforward. If you have ever used a payment method like Neteller, Skrill, or PayPal, you already have an idea about how it works.

The important thing is that you need to buy Bitcoins in advance to fund your Cubits wallet. This may sound complicated, but it’s actually quite easy as there are many platforms where you can buy Bitcoins these days. If you want to learn more about Bitcoins, you can read about it here.

Once you have topped up your Cubits wallet, you can then find a reputable online casino that accepts Bitcoins, such as Bitstarz.

  1. Proceed to checkout and click on “Pay with Cubits”
  2. Select Cubits as your preferred payment method
  3. Enter your personal login information
  4. If you do not receive a pop-up window, it will be blocked by your browser
  5. Confirm payment after login
  6. Confirmation may take a few minutes

Even though there is a mention of instant transfer time here, it can sometimes take a few minutes for the funds to be available in the account. This also partly depends on the fees that you have to pay at the respective casino. You can read more about this below.

Do I have to pay fees if I use Cubits as a payment method?

Well-established Bitcoin online casinos do not charge fees for Bitcoin deposits, including those made using Cubits. However, new casinos may well charge a fee, so look carefully here!

Funding your own Cubits account can come at a price, though. Depending on the payment method used to load Cubits Wallet, the fees range from 1.5% to 5.0%. Skrill and credit card payment providers charge the most. Tip: Those who load their Cubits Wallet with a SEPA bank transfer do not have to pay any fees.

In addition, Cubits charges a 0.9% service fee for each buy or sell transaction, which is hardly significant in the bitcoin world.

Author Lucas Costa