Betcoin Dice Review
Would you sign up to a Bitcoin casino site accused of stealing $800+ worth of bitcoin?
What about a casino that stole copy verbatim from a competitor?
Well, those are just two accusations against Betcoin Dice.
And there’s more. (I’m going to share the others in a minute.)
But are accusations enough? What happened to innocent until proven guilty?
And it appears that other players enjoy their site. Betcoin Dice claims to have processed more than 3.5 million bets – or 100.5 million dollars. And supposedly their games have the lowest house edge.
The purpose of this review is to highlight the good, the bad, the ugly. We want to answer one question:
Is Betcoin Dice, aka Betcoin.tm, full of promise or full of smoke?
Name: Betcoin Dice
Established year: 2013
Wagering limits: High
Cashout times: Fast
Other crypto currencies accepted: None
PROS VS. CONS
Multiple Games Available
Bonuses & Promotions Galore
Speedy Deposits & Withdrawals
Boring Website Design
Mobile Compatibility is Limited
Email-Only Customer Support
Games You Can Play + House Edge (Which They Claim Is The Lowest)
Betcoin Dice uses proprietary, provably fair, mobile-responsive software. On their platform you can play:
Their card games include:
- Pai Gow
- Three Card Poker
- Caribbean Poker
- Video Poker
- Tiger Dragon
There are table games
Betcoin Dice claims that they have the lowest house edge.
Don’t believe them, though.
Their house edge is 1.88%. It’s low, sure, but Primedice’s is almost half that at 1 percent.
Is it that big a deal?
Probably not in the grand scheme of things. But you shouldn’t be making claims that can’t stand up to a couple minutes worth of research on Google.
(And remember – that’s not the only suspect information I found Googling their business. More on that in a second.)
As for stakes – you can play for free once you add a confirmed wallet. The minimum wager is 0.00000300 and the maximum varies on the number of players betting on the same games. Betcoin.tm suggests that if you can’t bet as much as you want now, to check back in a couple of minutes – there may have been a series of bets that would give you the opportunity to bet more.
Things Get Smokey (Accusations Abound)
During our review process we like to scope out the history of each casino. We want the consensus’ opinion about the platform – are they above board or below it?
Sometimes it’s hard to tell. Like now. There are lots of accusations, but only half can be proven and those are arguably small potatoes in the overall picture.
But I’ll let you come to your own conclusions. The following are summaries of accusations I’ve found strewn through bitcoin forums and Reddit threads.
1) One player claims Betcoin.tm stole 2.4 bitcoins.
The casino did respond to this accusation saying that they were dealing with a DDOS attack (which is common for bitcoin platforms). They came back even later saying that they had no records of anyone depositing that much bitcoin.
2) In September 2013 a player mentioned that Betcoin.tm was creating fake accounts and using scripts to play with their own money to make the platform look busier and more popular than it was.
3) About the same time a SatoshiDice PR account (SatoshiDICE_PR) on the Bitcointalk forums accused them of ripping their terms and conditions, and other copy, verbatim. They went on to accuse them of DDoSing their competitors.
This was all shortly following their initial launch.
And apparently Betcoin is (or was) involved in a copyright infringement case relating to the BetCoin trademark and the use of it in their name. Supposedly this is a registered company in the UK.
Pros & Cons (Can We Clear The Fog?)
Those are some sketchy things to say the least.
But can we clear the fog? Can we find where we stand on Betcoin.tm?
Let’s see. Their pros:
- They offer a (MASSIVE) deposit bonus.
- They separate the bonus from your deposit.
- They’re mobile responsive.
- They accept Americans.
Now the cons:
- They’ve been accused of stealing players’ money.
- They’ve stolen copy (which other players have backed up).
- They’ve been accused of lying about how busy they are.
And on a much, much smaller note – but still relevant – they claim to have the smallest house edge, but don’t.
The thing is – even though they’re just accusations – it still bothers you. If you’re willing to steal someone else’s work, are you not capable of stealing money?
Is that not the same thing?
So, I think for that reason I give them a D.
Their platform is nice. They have a large selection of games. They have a generous deposit bonus.
But their reputation sucks, and there are other platforms out there that appear to be much safer.
So that’s where I recommend you head.