US traders must use a VPN
Maximum trade: 4 m฿
1xBit first ran a government currency broker, 1xbet. Instead of just adding bitcoin transactions like a lot of government currency brokers have, they took the right choice and made a stand-alone end-to-end crypto site.
There is a lot going on here
- Binary options and financials.
- Sports betting and live betting including a betting exchange, horse racing, trots, greyhound racing and cockfighting (review)!
- Casino including live casino, XXX games and games like rock-paper-scissors and Russian roulette (review).
- Poker room (review).
- Dice game (review).
The sports betting is decent, everything else is bad.
1xBit have an interesting forex options trading platform where you can make limit orders and have stop losses rather than just binary options. The platform does not operate on the weekend!
It’s annoying that you have to transfer funds between your main balance and a separate binary options trading balance for no good reason.
There is no set payout amount because that will be determined by the parameters you set when you make the option. Generally the payouts are very good though with a smaller edge/commision in 1xBit’s favor than is the case at most brokers.
1xBit has the highest payouts of all brokers.
Range of options
1xBit used to have 10 currency pairs, which is how they got into this website. However for the moment those are not available and there is only a random tracker with option durations of 5 minutes or 1 hour.
The website is cluttered and clunky, trying to cram too many things into 1 place. There are too many options and they don’t always work as expected.
We did not like it at first but it grows on you as you use it. The forex options are an example of this, its confusing at first but after placing a few trades through it you get used to it.
The minimum withdrawal is way to high, at 5 m฿! There is no withdrawal fee so this policy may have come about when bitcoin transaction fees were very high.
Your account currency can be bitcoin or 10 different altcoins. You can then deposit and withdraw with bitcoin or 20 different altcoins which will be converted into your account currency.
Privacy and security
1xBit has the same thing up at multiple URLs. the main one is 1xbit.com but they also use and will link you to things like 1x-bit.com and 1xcrypto.com where you login is preserved. This is confusing and insecure.
100% first deposit bonus up to 1000 m฿. The funds go into your account gradually as you trade and you can easily opt-out.
There are several different bonuses and special offers depending on your interests. It’s nice that the terms and conditions are explained fully and clearly.
1xBit’s binary options are below par. The range is poor and the platform is not intuitive to use. Give it a shot if you want a binary options site that also has a sportsbook or casino or poker room.Visit 1xBit