Rollbit Review: Casino, Futures & Licenses

What is Rollbit?

Established in 2021, Rollbit is a rapidly growing online gambling platform. At its core, it offers cryptocurrency trading but has expanded its services to include futures trading with up to 1000x leverage, NFTs, and gaming elements. This multifaceted approach makes Rollbit much more than a typical trading platform. 

It offers a wide selection of casino games, a comprehensive sportsbook, and advanced features, such as NFT Loans, where users can leverage their NFTs to receive loans, allowing for liquidity without selling assets. Central to its appeal is the Rollbit Coin (RLB), a utility token that enhances user interaction within the platform. 

The platform requires no KYC information to join, simplifying the signup process. Thanks to this, it has over 1 million monthly active users and an estimated 40M wagered per day. Despite regulatory challenges, including the revocation of its Curacao gaming license, Rollbit provides a safe environment under its licenses from Curacao and Cyprus.

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Rollbit Features

Rollbit is changing the game by bringing cryptocurrency trading, sports betting, and casino gaming together on one simple platform. It's designed for various interests, from NFT and crypto traders to online sports betting fans.

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Trading Types

Rollbit provides several avenues for users to engage with the crypto market:

• Crypto Futures Trading: Rollbit's futures trading allows traders to maximize their market exposure by enabling users to take up to 1000x leverage. With support for hundreds of cryptocurrencies, users can capitalize on market movements.
• NFT Trading: Staying ahead of trends, Rollbit includes a dedicated section for NFT trading. You can securely buy, sell, and trade thousands of digital collectibles directly through the platform. 

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Betting Options

Blending gaming with finance, Rollbit offers both classic casino games and sports betting features.

• Casino Games: The platform has more than 1000 casino games like slots, blackjack, sic bo, and roulette. 
• Live Casino: For those seeking a more interactive experience, Rollbit's Live Casino brings real-time gaming with professional dealers. Engage in games like live blackjack and roulette, capturing the excitement of a physical casino.
• Crypto Sportsbook: Sports fans can explore Rollbit's sportsbook, covering most sports and esports events. With competitive odds and an intuitive interface, placing bets on favorite teams and players is easy.
• Jackpot: Rollbit's Jackpot feature allows players to wager NFTs and cryptocurrency for a chance to win a pooled prize. Determined through a fair and transparent process, it adds suspense and the potential for significant rewards.
• Daily Race: The Daily Race is a leaderboard competition where players win cash prizes based on their wagering activity over 24 hours. It's a fun way to boost engagement and earn extra rewards.
• RLB Lottery: Users can participate in the RLB Lottery by staking Rollbit Coin (RLB). This provably fair lottery, determined by the hash of a specific Bitcoin block, offers increased incentives as more RLB is staked.

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Additional Services

The platform goes beyond trading and gaming to enhance the overall user experience:

• Promotions: Rollbit offers a variety of promotions for new and existing customers, including up to $200 cashback on net slot losses and bonus spins on selected slots, with terms and conditions applying.
• NFT Loans: Users can access NFT loans, borrowing funds against their NFT holdings without having to part with their valuable digital assets.
• Rollbots NFTs: Rollbit features its own exclusive NFT collection known as Rollbots. Owners of Rollbots enjoy unique benefits, including a share in the platform's profits and access to exclusive events, adding an extra layer of engagement.

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Is Rollbit Regulated?

‍Rollbit.com is operated by Bull Gaming N.V., a company registered in Curaçao with company number 157086. While awaiting final approval for its license application (OGL/2024/1260/0494), the company continues to operate under its valid Certification of Operation. 

Bull Gaming N.V. is headquartered at Abraham de Veerstraat 9, Willemstad, Curacao. Additionally, Rollbit's payments are processed by WINGAMING SUPPORT LIMITED, based in Nicosia, Cyprus.

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Rollbit Futures

Rollbit's Futures trading feature allows users to trade with up to 1000x leverage, providing a robust platform with a unique, manipulation-resistant price formulation strategy. Users can easily manage trades, set automatic cash-outs, and benefit from two distinct fee structures: a profit-based cut or a flat fee for more predictable costs.

Here are the essentials of Rollbit futures products:

• Diverse Asset Support: Supports hundreds of popular crypto assets, including Bitcoin, Ethereum, SOL, RLB, PEPE, WLD, APT, AVAX, ARB, and more. 
• Trade Execution and Tracking: Traders can place bets on crypto price movements with selectable leverage up to 1000x. The platform's 'Active bets' tab provides detailed insights into each trade, including entry price, amount bet, leverage, and the current profit or loss.
• Trading Features and Limits: Offers additional trading features like trade sharing and automatic cashout settings. Trading limits are generally capped at $1,000,000, allowing users to request personalized adjustments.‍
• Fee Structures: Rollbit provides two fee options: the 'PnL Cut', a profit-based fee, and the 'Flat Fee', a fixed charge at the trade time. Rollbit also encourages using its $RLB token by offering reduced fees.

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Rollbit Fee Schedule

The platform hs a unique approach to fees with options designed to accommodate different trading preferences and strategies, benefitting from the use of Rollbit Coin (RLB) for additional discounts. Below is a detailed summary of the costs involved in using Rollbit:

• Deposits and Withdrawals: Rollbit does not charge fees for depositing or withdrawing funds. However, users should note minimum transaction amounts and potential network fees for crypto transfers.
• Trading Fees: There are no standard commissions, but overnight financing and swap fees are calculated and applied based on trade size.
• Reduced Fees with RLB Token: Depending on your RLB holdings, you can receive up to a 60% discount, whether you're using the 'PnL Cut' model or the 'Flat Fee' structure.
• Futures Trading Fees: Rollbit offers a 'PnL Cut' model, where traders pay a percentage of their profits as fees, calculated based on position size, hold duration, and leverage, with no fees for opening or closing trades. Alternatively, the 'Flat Fee' structure involves a fixed 0.04% fee at trade execution, covering entry, exit, and an upfront slippage fee.

These fee structures cater to different trading styles and preferences, offering flexibility and transparency to Rollbit's users.

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Rollbit Coin (RLB) Tokenomics

Rollbit Coin (RLB) is the native utility token of the Rollbit platform, designed to enhance user experience and provide exclusive benefits. Launched as part of Rollbit's innovative ecosystem, RLB offers several key utilities, including reduced trading fees for users who hold the token, with discounts scaling up based on the amount of RLB owned. 

Additionally, RLB plays a central role in the platform’s lottery system, where users can stake their tokens for a chance to win rewards. The platform also features a "buy and burn" mechanism that reduces the circulating supply of RLB. Its integration into the broader Rollbit ecosystem is a valuable asset for users looking to maximise their benefits on the platform.

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Bottom Line

Rollbit is a platform that merges cryptocurrency trading, NFT marketplaces, and online gaming, offering a unique blend of opportunities for both traders and gamers. With its extensive selection of casino games, sports betting options, and crypto futures trading with up to 1000x leverage, Rollbit is a one-stop gaming destination. 

The platform’s native token, Rollbit Coin (RLB), adds value through reduced trading fees and exclusive benefits, creating a rewarding environment for users.