Pikebit Casino Review: Scam or safe?

Pikebit Casino might seem like it means serious business but the truth is that it barely fits the definition of a modern casino. There are more bits missing than there are included ones, and this is evident in basically every major category of elements, from the bonuses, to the games, all the way to the license. So, we urge you to read the review before considering this casino.

BONUSES

We start off quite symbolically, with a limited aspect of the casino, which will echo throughout our experience with Pikebit Casino. There is only one bonus type currently active, an unacceptable amount. For the casino loses all and any competitive edge, because bonuses are the first thing that most users are drawn into.

The bonus available here is a Crypto Welcome Pack of 100% up to 0,25 BTC Plus 50 Free Spins. To activate it you need to deposit at least 0.00058 BTC, while the withdrawal option is available only after completing a 35x wagering requirement. Meanwhile, all the free spins are available only on the Story Of Medusa II, meaning that any attempt to paly the FS on a different game will void the spins. The good news here is that the bonus is actually a package, meaning that it consist of 4 separate deposit bonuses.

The casino also advertises Tournaments, but at the time of writing this there were no available tournaments at all. We have no idea whether there have been previous events or whether there will be any future ones.

All we know is that the platform needs to up its game with the bonuses if it wants to stand a chance at even being considered as a competitor.

LICENSE

Pikebit Casino claims to be operating under the laws of Curacao with a fully functioning #365/JAZ type license from the local regulator, which is a valid claim to issue, but the problem with this one it that there was no backing evidence.

Because recently it was made impossible to check if an entity is regulated by Curacao, the only real way to be certain that a license is active is if the casino imparts said knowledge directly to the user via a simple but reaffirming seal on the footer. Unfortunately, for reasons unknown, Pikebit Casino has not done so, offering a half-finished job where a full one is needed. In other words, with what we have as legal and regulatory information we cannot confirm for sure that the casino is fully licensed under the Curacao Gaming N.V.

And this is an issue, because, from what we know and have seen over the years, Curacao based casinos are required by the regulator to include a licensing seal on the footer at all cost; by logic, not having one means that the casino is unregulated.

As for Curacao, it is the best place to be regulated for a contemporary casino looking to explode on the scene, because it offers great security and fairness measures that are as equally stern as those offered by mainland EU regulator, but also more liberal, and it is in the latter quality where the Curacao excels at. It offers the possibility for Pikebit Casino to offer tons more features such as games and bonuses; whether or not Pikebit Casino actually takes advantage of this is a different story.

Now back to the matter at hand, the missing license. If Pikebit Casino turns out to be unregulated, then it would not necessarily be a scam. However, it may prove to be riskier than most, since there is no body to direct it to abide by some code of conduct, so expect from Pikebit Casino delayed payments, missing features, and at worst, hidden fees.

To up the ante, the casino is also a crypto platform, where all payments are made exclusively via a range of cryptocurrencies.  This can only increase the risk factor, mainly where payments are due: consider the volatility of the crypto industry, where prices rise as easily as they fall. So next time you invest in BTC, for example, don't be surprised if you don't get the full bang for your buck.

Crypto casinos are speculated to be the next big shift in this industry, but the truth is that there are very few successful crypto-based online gambling platforms, and Pikebit Casino is not one of them. These casinos structure their entire interface and user-experience elements around the capabilities and limitations of crypto, whereas Pikebit Casino has simply inserted the digital coin element into an already fixed infrastructure.

Languages: Bengali, Hindi, German, Portuguese

Restricted countries: Australia, Estonia, Netherlands, United Kingdom, United States

DEPOSIT AND WITHDRAWAL

Currencies: Bitcoin (BTC), Ethereum (ETH), Euro (EUR), Tether (USDT), US Dollar (USD)

The payment methods are based on cards, bank, and crypto, but the main focus here is definitely on the cryptocurrencies, of which there are 3 main types: BTC, ETH, and USDT. Users can also directly purchase cryptocurrencies from the cashier area. As you can see, the casino makes everything in its power to encourage the purchasing and exchange of crypto within its platform, meaning that it is cashing some sort of personal goal, because no one would push crypto deposits just for the sake of the market.

But other than that, the minimum deposit and withdrawal are very solid, and in fact offer any user to invest, if he is willing to take the risk associated with cryptocurrencies. Concerning the crypto, again, the casino will not tolerate the usage of its platform as a digital coins mixer, i.e as a service that blends multiple cryptos in order to obscure their origin and evade certain AML practices. In such a case Pikebit Casino will apply a 5x deposit rollover requirement that must be completed before a withdrawal request can be confirmed.

Last but not least, we have to mention that, even though the casino never reveals any deposit or withdrawal fees, the crypto payment system or bank or card providers, might have their own set of system fees. This is natural and is not something to be worried about, but it's good to know of it. There are also fees connected to the conversion of currencies, especially from fiat to crypto and vise versa.

GAMES AND GAME SUPPLIERS

At first the casino looks like it offers your fair share of games, an illusion created by the vibe of the lobby, even though the organization of the games was lackluster. But the casino only tries to hide one of its biggest issues: it's subpar collection of slots and lack of alternatives to fill said void.

We noticed some known slot titles such as Fortune Tiger, Double Fortune, Dragon Legend, Candy Bonanza, Buffalo Win, Origins of Lilith, Fortuna De Los Muertos, Majestic King, Black Wolf, Book of Demi Gods, Book of Ra, and others, but there was an obvious lack of the big names, and a clear reliance on more common titles. In total we counted around 780 video slots, and yes it's not nearly enough, even to make a name of one self. This is a fifth of what most casinos offer, so there is room for improvement here, that much is crystal clear.

As for the live games, we have around 180 in total, which is quite a good number, no matter what the state of the casino is in. The truth is that the live games are solid, with Roulette, Baccarat, Poker (presents and empty section), Blackjack, Show games, Andar Bahar, Dragon Tiger, Sic Bo, and more.In terms of this type of game, the casino delivers. There are also 13 table games – Baccarat, Roulette, and Poker,- and one Aviatrix title, but these seem like an afterthought and cannot be take seriously.

It's the slots that falter, and there is no excuse for this. Even with more than 180 live games, the casino is simply poor on games, and it will not survive in the cut throat competitive world of online casinos. Considering that we review casino with over 3000 slots on a daily basis, what chances are there for Pikebit Casino to thrive in such an environment? A suggestion is a sportsbook which will greatly boost its numbers and surely place it at a higher position, but the real answer is the inclusion of more video slots.

Game providers: Booongo, Felix Gaming, Green Tube, Igrosoft, PGSoft, PragmaticPlay, Spinomenal

CONCLUSION

Let's see what we got from the casino. There are three main points to make which define this casino, in our opinion. The first one is the missing seal whihc creates ambiguity around the legitimacy of the casino, and this is something that has the potential to break the entire platform. As it currently stands, the casino is unlicensed, and therefore loses any regulatory boosts it could have had. Next are the games, or lack thereof. With a very limited selection of slot games, the casino simply cannot compete, and can hope only for a third tier category position on the scale, referring to those obscure casino that linger in the air. And lastly, we have the focus on cryptocurrencies, which at this time can do more harm than good. Pikebit Casino does not have the zeal of the next big crypto casino. All these amount to a casino that we believe is not worth your time.