- Loyalty Program
- Anonymous Registration
- In-House Provably Fair Games
- No License or Certificate
StarBets is one of the recent crypto gambling sites in the industry. We reviewed all the important bits such as overall services, gambling options, game library, their dividends system and cashback offerings, and other details that we think you BitPunters find interesting.
StarBets has been providing services to crypto gamblers since January 2022. The site aims to offer its players a great experience, optimum rewards, secure transactions, and added incentives for playing at the casino while trying to maintain a loyal player base. That is why the team behind the site works to expand the game library with quality games day by day. The players have the advantage of mining the native Star Tokens every time they place a bet, and this makes this site an ideal platform for anyone looking to invest and earn passive income regardless of winning or losing.
StarBets has a simple user interface, but do not get that the wrong way. The theme and the color scheme of the site are pretty good looking, and the user interface is easy to navigate. The categorization of their game library is excellent, and you can find what you are looking for instantly. Their game library is ever-expanding, and at the time of writing this review, their casino holds over 1.200 games for you can enjoy!
The site is only available in English, allows anonymous registration, has a decent support team that works via Telegram, and supports some of the significant cryptocurrencies for deposits and withdrawals. So if you are looking for a new casino to play and want to know more about the site, here is BitPunter‘s full review on StarBets.
Table of Contents
Is StarBets a Reliable Casino?
👉 There is no information about the owner or the operator of the site. However, according to the information we have obtained in our intensive research, they have never had any problems with their customers during the year they have been serving.
🤝 Recently, the number of game providers they are working with has grown to 16, and they are increasing it day by day. Currently, you can play the games from known providers such as Betsoft, Evolution, NetEnt, Playson, Pragmatic Play, and more.
✍ They are also transparent about their plans and openly share their roadmap for this crypto-based casino’s next steps. In the near future, they aim to improve the user experience, increase the number of supported coins, add games by a new provider, create a support portal, create another original game, and more. If you are interested in the casino, you can even get more information from their support team. They are also very open to feedback from their customers.
👩💻 They even have a Bug Bounty program, where you can win cash prizes. StarBets bounty program was created to enable them to compensate users for discovering and reporting any significant security vulnerabilities to their team. The compensation amount will start at $100 equivalent in BTC and will increase based on the magnitude of the reported bug. StarBets will determine the final compensation.
👌 In conclusion, if you choose to gamble with your cryptocurrencies on StarBets, you will be met with games from well-known game providers, and you can be sure you will have a quality time with a lot of options to gamble in a secure environment.
Is StarBets Licensed?
📜 No, the site does not have a license. But, the existence of the crypto world and blockchain technology negates some of the prerequisites that traditional online gambling sites have adopted. So, the site does not need such a license due to the nature on which it is built.
🧐 However, we expect crypto-based gambling sites to be audited by a third-party organization. For example, organizations such as iTech Labs or Crypto Gambling Foundation perform these tasks and try to set a service quality standard, but StarBets does not have any certificates or memberships from these organizations at the time of writing this review.
Provably Fair Games at StarBets
✨ The casino has more than 1.200 games, three of which have Provably Fair features. Also, all of these games are in-house. The number of Provably Fair games could be a lot higher when you consider their library. However, they have announced in their roadmap that they will increase the number of in-house games in the near future. And all of these games are expected to have Provably Fair features.
You can access these games via the “In-House” drop-down category in the “Games” section. Here is the list of the Provably Fair games at the casino:
- Coin Flip
🎡 StarBets is in collaboration with 16 game providers, and their casino also includes Slot Games, Jackpot Games, Table Games, and Live Casino Games.
⚽ According to the information given by their technical team, a Sportsbook is not expected to be added in the near future.
StarBets Dividends and Cashback
🎄 They ran a brief 100% Deposit Bonus campaign for Christmas a while ago, but there are currently no such offers. If you do not want to sign up without a deposit bonus offer, we recommend that you follow the promotions on the site once in a while.
🎢 However, they organize at least one event with a prize pool every day which you can take a look at their “Events” section. In these daily competitions, StarBets usually rewards the top 100 players with the highest wager sum during the competition period.
⭐ Let us talk about the Star Token before moving on to Dividends and Cashback. StarBets issued a native ERC-20 Token called STAR when the platform launched. ERC-20 is the technical standard for fungible tokens created using the Ethereum blockchain.
💸 Each time you place a bet on the site, whether you win or lose, you will receive the platform’s native STAR Token according to the mining price of the current mining stage. There will be 100 mining stages of 100,000,000 tokens. The mining price will start at 0,00001000 BTC, increasing by 100 Satoshi with each mining stage.
The platform’s revenues from betting in any accepted cryptocurrency will be accumulated in a Dividend Pool and distributed to STAR Token holders. 2% of the dividend pool will be proportionally distributed between STAR Token holders every 24 hours; the remaining 98% will go into the next day’s pool. You only need 10 STAR Tokens to qualify for dividend payouts.
Formula -> Dividend Pool = Lost Bets – Won Bets – Cashback – Referral
The site offers up to 30% cashback, depending on your user rank, which we will explain below. The cashback balance available for collection will be calculated from lost coins since the last collection. Cashback can be withdrawn at any time and will never expire. However, once cashback has been paid on deposited funds, no more cashback will be offered until another deposit is made.
👩🎓 Player Rank System
The ranking system works like a loyalty club that we see in other casinos. Players will be assigned a rank based on their total wager amount, starting at Rank 1. Once a new rank has been reached, players will automatically get a Rank Bonus transferred to their wallet. The cashback percentage will also increase with every new rank.
- Rank 1 – No Wager – 1% Cashback – No Rank Bonus
- Rank 2 – 0,1 BTC Wager – 4% Cashback – 0,00001 BTC Rank Bonus
- Rank 3 – 1 BTC Wager – 7% Cashback – 0,00009 BTC Rank Bonus
- Rank 4 – 10 BTC Wager – 10% Cashback – 0,0008 BTC Rank Bonus
- Rank 5 – 100 BTC Wager – 13% Cashback – 0,007 BTC Rank Bonus
- Rank 6 – 500 BTC Wager – 16% Cashback – 0,0325 BTC Rank Bonus
- Rank 7 – 1.000 BTC Wager – 19% Cashback – 0,06 BTC Rank Bonus
- Rank 8 – 3.000 BTC Wager – 22% Cashback – 0,17 BTC Rank Bonus
- Rank 9 – 6.000 BTC Wager – 25% Cashback – 0,3 BTC Rank Bonus
- Rank 10 – 10.000 BTC Wager – 30% Cashback – 0,5 BTC Rank Bonus
Can I Register Anonymously to StarBets?
🕵️♀️ Yes, you certainly can! The registration form only asks for an e-mail address and a password. Anonymous registration is one of the main things that we don’t overlook when gambling with cryptocurrencies, so it is more than welcome.
❌ If a player violates their Terms of Service, they may ask such players to fill out the KYC documents.
StarBets Deposit and Withdrawal Options
💵 They only support five cryptocurrencies for now. However, they have announced that they will add other cryptocurrencies to their payment system in the near future.
Accepted Cryptocurrencies on the Site:
- Binance Coin