Review of the Betchain Bitcoin Casino
Betchain is a new Bitcoin casino which stands out from the crowd in two ways. First, they host casino games from SoftSwiss, an up and coming developer of instant-play slots and table game titles. Second, this is the only Bitcoin casino which has a VIP rewards system. The more you play here the bigger your benefits. Betchain has yet to get an operating license, which for many players will be a concern.
This detailed review covers all you need to know about Betchain. First of all the financial side is covered. This includes bonuses and promotions – including the VIP program – and also the deposit and withdrawal process for BTC. After that the games are assessed, there are 32 of these at the moment covering all the popular casino game types. Finally, trust and security comes under the spotlight, followed by a summary at the end of the page.
Established year: 2014
Mobile friendly: Yes
Cashout times: Fast
US Players: Yes
PROS VS. CONS
Nice site design and layout.
Strong focus on bonuses and promotions.
Fast and easy withdrawal process.
No mobile app or site.
Dormant account rule is awful.
5 BTC withdrawal limit
Are operating without a license
Betchain Casino Bonuses and Payments
You will get to choose from a standard and high roller welcome bonus for your first deposit at Betchain Casino. The standard bonus is 50% up to 1 BTC, and the high-roller bonus is a 100% match up to 3 BTC. If you want to focus on the slots games exclusively, then there is a 300% bonus too, with a minimum deposit of just 0.01 BTC. Each of these offers has a promo code, which you’ll find on the Betchain website.
There are some terms to be aware of which take some of the shine off of these bonus offers. First, the bonus itself is non-cashable, and will be removed at the point you withdraw. Second, your winnings from the welcome bonus are capped at 1 BTC. This has a 20x play-through requirement, which is low by online casino standards. There are weightings on the games to keep in mind, with Roulette and Baccarat not counting, Blackjack at 10% and Casino Poker at 20%. The wording in the terms which I liked the least was that ‘The Casino reserves the right to reduce the balance or close any player account that has been inactive for a period of more than 180 days’. This would appear to give them a license to simply take any money you leave dormant.
To enter the VIP loyalty scheme, you’ll need to e-mail support with your user name details. After this you will gain access to a tiered comps system, where you can exchange comps for BTC at increasingly generous rates as you move up levels.
Bitcoin Deposits and Withdrawals
You’ll need to register an account before you can get to the cashier and deposit. As with all BTC casinos no personal information is needed over and above an e-mail address to communicate with you. There is a confirm account link in the welcome e-mail, though you can try out the games right away for free.
Most casinos have big and bold buttons to get you to their cashier. At Betchain you’ll need to search for this, as there is only a link at the top of the site saying ‘Add More Coins’ to navigate there. Clicking this takes to you the deposit screen, where you’ll see the recipient’s id to copy and paste into your Bitcoin wallet to start the transaction. There is also a QR code for mobile BTC wallets.
Transactions are normally processed right away, and you’ll be ready to hit the tables. Curiously, there is a check-box on the deposit screen to opt out of receiving bonuses – though why anyone would click this I am not sure. You can see your payment history, currently bonuses and profile information via the cashier screen.
Cashing out is as simple as adding your BTC id and clicking a button. There are no restrictions on how often you can cash out or charges added to this. The terms and conditions of this casino mention that withdrawals above 5 BTC can be staggered.
Betchain Casino Game Selection
There are 22 titles in total, all of which are by SoftSwiss, an up and coming developer. There is no download needed at Betchain casino, all of these games work in your browser, including in mobile devices such as tablets and iPads. You can try out the games without depositing when not logged in, however once you log-on to this casino you’ll get an ‘insufficient funds’ message when trying out the different games.
Betting limits start 0.10 mBIT per line (from 1.5 mBIT on 15 line slots), with up to 15 mBIT possible on some games. The slots are very good, with some colourful multi win-line slots available including the underwater ‘Lucky Blue’ or ‘Aztec Magic’. These games don’t compare with the latest games from the likes of PlayTech or MicroGaming, though they are very playable and make a refreshing change from the titles at Real Time Gaming. Many of the 12 titles include feature rounds which are separate from the main game and offer significant wins. There are no large jackpots (linked or otherwise) attached to these games.
Animations on the table games are very smooth. I liked the fact that your winning hands in the casino poker games were highlighted by the cards jumping up a little. You’ll find the standard games here including Blackjack, Roulette, Caribbean Stud Poker, ‘Trey’ (three card poker), Casino Holdem and Oasis Poker (a draw poker based casino game). Completing the small game selection is a Video Poker title, jacks or better.
Betchain Casino Trust Signals and Final Thoughts
Even in the relatively new world of Bitcoin casinos, Betchain do not yet have the trust signals which many players look for before making a deposit.
The main omission is the lack of a license. This means that this casino is completely unregulated, and there is no recourse should you have an issue. I hope that this will be corrected soon. Since license applications can take time to be processed, there may be something in the works already.
Second, there is very little in the way of contact information for this site. Your only option is via an e-mail address (or web form which presumably goes to the same place). There are some generic badges on the footer of their website, which do not link anywhere.
There are no major scams or scandals reported on the Bitcoin forums or elsewhere concerning this casino. At the same time the predatory terms concerning dormant accounts and 5 BTC withdrawals limit and lack of visible game fairness certification do set some alarm bells ringing.
For me the best course of action is to wait and see if the general trust situation improves at Betchain. The SoftSwiss games can be tried out for free, and if you particularly enjoy them then you can always make a small deposit to play them for real money. For now, I would recommend holding off on any larger deposits.