Table of contents
LeeBet Casino is a newly found online gambling house which is mainly focused on crypto payments. Its bold claims to be “the world’s most exciting crypto casino” however seem to be as far from reality as they could be. The reason is simple – this website comes with quite a short list of games and activities and barely has any promotions. To be precise, you can benefit from Dividends and Referral Programs, but the standard bonus schemes are not available here.
Still, this happens to be just the tip of the iceberg. The real issue happens to be the absence of any legal document or license that can prove this casino’s credibility. What’s more, LeeBet Casino doesn’t even mention the company that stays behind it, so it happens to be more or less anonymous.
Let’s face it – we are just not impressed at all with this casino, as nothing here really seems to be as “exciting” as it claims. What’s more, the website is rather messy, since the whole information is chaotic and difficult to organize. You can read some more details about LeeBet Casino in the following lines.
When you first land on this website you are probably going to be left with the impression that this casino has a bunch of interesting promotions. If you take a closer look however you’ll soon realize that the list consists of rather flat offers that are even confusing in a way. They are just not well explained nor organized, so you have to dig deeper on the page in order to put every piece of information together.
Another distinctive feature happens to be the absence of any typical bonus schemes. For example there are no Welcome offers upon your first couple of deposits, nor any weekly cash-backs or regular reload bonuses. For this reason we find this casino’s promotions to be rather uninspiring. Still, the house claims that while playing you can earn dividends and other perks, so let’s see what it’s all about:
|Cash out limit
As a beginning, the casino claims that you can earn Lee Tokens simply by participating in the games provided. Apparently, you can receive a token every time you place a bet, regardless of the outcome. The tokens then can be used to get daily dividends in the form of USDT, as well as to play various games on the platform. As the house itself states, LeeBet Casino has a total token supply of 3.500.000.000,00 tokens, 10% of which are used towards bonuses and referrals to reward loyal users and attract new ones. What’s more, the platform has its own native token which can be obtained through mining while playing. The amount of LEE tokens earned depends on the bets placed and the mining price. Higher bets lead to a greater amount of mining income. In addition, the minimum bet required to mine is $0.1 in any currency.
The LeeBet Dividends is a reward program for the most active users. In short, it’s meant to distribute a great prize pool of USDT among holders of Lee Tokens. The daily dividends are said to be up to 4% a day, meaning that every day 4% of the total pool size will be distributed among LEE token holders. The way it is calculated depends on the number of Lee Tokens you hold – the more tokens you have earned, the more rewards you can get.
The Referral Program can grant you several different bonuses – all you have to do is to be proactive and invite your friends to join the platform. Once this happens, everytime your referral wins, you can get 20% of their payout. What’s more, you can also get 25% of free crypto claimed by your referrals and an additional 7% of Lee mined by your friends. For example for 1000 LEE mined by your referral you can get 70 LEE as a bonus.
In addition, on its website the casino also claims that you can win free crypto and use it to play games, however the whole promotion turned out to be over and inactive. Apart from that, LeeBet casino also states that there are up to 2500 USDT rewards weekly, which are available after you join the Telegram Community of the casino. Unfortunately nothing more is actually explained.
The real issue about this house happens to be that there’s no information regarding its regulation. Not only this but there’s not even a company name or whatsoever, so we don’t actually know who stays behind this website. This could be a huge turning point since you never know if you can trust an anonymous firm and what you can expect from it.
As for its regulation, the house doesn’t claim to be licensed or whatsoever – in fact there’s no data on the topic at all. What’s more, usually reputable casinos post a dynamic seal looking like the regulator’s logo – clicking on it leads to the legal license itself. In this case however there’s no dynamic seal or any legal documentation, so the credibility of this company remains doubtful, at least to us.
It’s important to know how crucial the e-gaming license actually is for your safety and the quality of the services provided. Dealing with an authorized casino comes with many perks and client protections that cannot usually be seen with unregulated houses.
First of all, you can always be sure that your personal details are in safe hands since advanced encryption technology makes sure to safeguard sensitive information. Not only that but many anti-fraud measures are also put in action – like for example against money laundering and against identity theft. LeeBet Casino also claims to have strong anti-money laundering policies, but this can hardly be true if this house is not regulated in any way.
Licensed casinos are also obligated to certify their games and to ensure the genuine outcome of each. For this reason Random Number Generators (RNGs) must be used to make sure that the games provided are not manipulated in any way. LeeBet Casino claims to provide provably fair games as well, but unfortunately we have no proof of this statement.
Another perks of gambling with regulated e-gaming companies happen to be the reliable payment methods, fast payouts and prompt customer support services. In this case, LeeBet Casino works with cryptocurrencies only, which are quite popular and come with some advantages for sure. Yet, don’t forget that these transactions are completely irreversible and anonymous, so using them via unlicensed companies holds some serious risks. In addition, the casino we are writing about provides a list of FAQs, as well as a 24/7 live chat, which quality we cannot guarantee.
This website is available in only one language and that’s English, which doesn’t speak well about the user-friendliness of the page.
Still, the restricted countries, this casino is not available with, are not mentioned.
Deposit and Withdrawal
Currencies: Binance Coin (BNB), Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
As we mentioned at the very beginning of this review, LeeBet Casino accepts cryptocurrencies only. This means that you can benefit from the fast execution of these transactions, but no traditional payment methods are available here such as credit/debit cards, bank transfers or popular online payment solutions like Mifinity and AstroPay for instance. This makes the payment process quite limited, so you have to think carefully if this type of banking suits you or not. The crypto coins certainly have many benefits like a fast and seamless execution, but they also hide some risks. As we mentioned already, these types of payments are completely anonymous and irreversible, so you better use them only with fully authorized online casinos. In this case, here’s some more information about the banking options themselves:
You can choose between a diversity of crypto solutions such as Tether, Ethereum, Bitcoin, Dai, ApeCoin, BNB, Binance, PancakeSwap, USDcoin, and Uniswap.
Both the minimum deposits and minimum withdrawal amounts depend on the network you decide to choose. For example if you'd like to pay in Tether and your preferred network is BEP-20, then the minimum deposit shall be just 1 USDT, while the minimum for payouts is 5 USDT. The other network ERC-20 requires at least 15 USDT of minimum investment and 25 USDT of minimum cash-out. To be honest all of the amounts are pretty advantageous and don’t exceed the standards for the market. Usually most online houses ask for around $20 or $30 of minimum deposit, as well as between $10 and $50 of minimum withdrawals. So all in all, the conditions seem to be on point, at least for now.
The same cannot be said about the transaction fees unfortunately. Your deposits seem to be free of charge, but the payouts come with certain taxes. If you choose to use the BEP-20 network there shall be a transaction fee of 0.4 USDT, which doesn’t seem to be a lot at all, even though most of the casinos don’t charge a fee at all. The other network of ERC-20 however comes with an even higher transaction fee of 9.5 USDT and that’s another feature we don’t like about this house in particular. We consider the amount to be too high and overall not typical for the sector.
And speaking about withdrawals, beware that you also have to complete the rollover requirement before being eligible to cash-out your funds. In this case LeeBet Casino asks for at least 1 turnover of your deposit and this happens to be a common amount since most of the houses usually require between x1 and x3 wagers. The whole policy is also usual for the industry, as it mostly aims to prevent money laundering, so nothing to worry about here.
And lastly, keep in mind that many e-gaming companies have the so-called Inactive Account Policy. In short, in most of the cases if you have not used or logged in to your account for around 6 or 12 consecutive months, it shall be considered inactive and a monthly administrative fee of around $10 shall apply. Or at least this is what most of the casinos state in their Terms and Conditions. Here however LeeBet Casino stays silent so we don’t know if it has such a policy and if yes – what exactly the conditions may be.
Games and game suppliers
LeeBet doesn’t mention anywhere on its website which game providers it works with. But looking at the games themselves it’s obvious that the brands are not many nor very popular. There is a small range of activities here plus some more that are about to be released, as the casino states, so the software developers can probably be counted on the fingers of one hand.
The list of games that you can find here is also quite short. All in all the gaming lobby consists of Keno, Plinko, Dice, Limbo, and Coin Flip. The last one is said to be one of the newest editions to this casino’s arsenal. Apart from that the games themselves seem pretty simple and not engaging at all.
Apart from that there are no Slots here, but the casino claims they are soon to be released. The exact date is not specified, however LeeBet Casino promises that the slot games are going to be more than 1000. We hope that they will consist of more trendy names as well.
No Live casino games or Table games are to be found here as well and nothing is mentioned about them at all. This could be quite disappointing for many players, since the selection of games so far definitely isn’t encouraging. All in all, the range of activities is quite off putting and certainly doesn’t seem to be “exciting” at all.
Unfortunately our final thoughts are mostly negative. There’s hardly anything interesting here that can attract potential players – from the modest promotions to the limited range of games, everything seems rather dull and uninspiring. Not to mention the questionable regulation which makes gambling here a Russian roulette since you never know how secure the gaming space really is. And if we add the high withdrawal fees, the final verdict seems quite obvious – you better look for another, reputable casino instead.