Leet Bit

Leet Bit is a brand new casino, launched in 2023. It has a focus on crypto, and provides players with tons of casino games as well as esports events to wager on. This makes it pretty attractive, and we were also quite pleased to discover the fact the house was fully licensed. Moreover, it has a very interesting system of bonuses. And there is a unique cartoonish viking mascot too! But not everything about the casino is perfect.

While innovative, the bonuses don't give the players as much as they would normally be able to get. There is also a very low amount of games to play, albeit from top-tier developers/ And the fact that Leet Bit has a focus on crypto means it only takes the digital assets as payment, which can exclude a serious amount of players.  So should you play at this casino? Read the following in-depth review of all of its most important aspects to find out!

Bonuses

The promotions with Leet Bit are outlined in the table below:

As you can see, there are just four bonuses. Moreover, all of them are tied to the Loyalty Program of the casino. These kinds of programs are very common nowadays, and are used to reward players who stick to a particular house to play there. However, they are usually accompanied by other bonuses too, notably welcome bonuses. Such promotions award the first, or the first several, deposits you can make. It is pretty disappointing that they are not present here.

The way the Loyalty bonuses work is that your account has its own level, starting at zero. Wagering more and more increases your account level, up to the maximum of 20. Of course, with the higher tiers you unlock you also get better bonuses. One thing we would have liked to see is just how much money you need to wager to unlock these said higher tiers of account. That kind of information is not present, and so, we cannot be sure how long it will take to unlock all of the bonuses. Speaking of which, there are four types of bonuses in total, but before we take a look at them, we need to examine some things they all have in common.

Firstly, one of the attributes that all bonuses nowadays have is their wagering requirement. This represents the amount of times you need to turn a bonus over before you are allowed to cash it out. Usually, that is set to an amount between 30x and 40x for most promotions. This casino sets a wagering requirement of 0x for its bonuses. This means you can essentially cash them out as soon as you get them! While that does sound great, there is a much greater opportunity cost for the promotions. You need to wager your own money to unlock the higher tiers of bonus! It is an interesting trade-off when compared to the more common kind of deposit bonus available these days.

Secondly, a lot of casinos introduce cash out limits for their promotions. When the player wins an amount over the limit, these extra winnings are written off. We are happy to report that Leet Bit has not implemented any such restriction. Any money you get from the bonuses can be used to profit indefinitely! With these specifics in mind, let's take a closer look at the particular bonuses which are available:

• The VIP Free Spins is the feature of the VIP program which awards slot lovers with a significant amount of free games for their favorite titles. Across the 20 Levels, there are exactly 283 Free Spins up for grabs, in various bundles. That is a pretty significant amount, and it should also be noted that the values of the spins themselves are different. For instance, there are bundles which offer Spins with a value of 4 USDT each, and ones which are only worth 0,25 USDT. In total, the value of all of the Spins is said to be 805 USDT, though, which is incredibly high!
• One of the more attractive bonuses with Leet Bit is the VIP Free Cash. This allows the player to receive various amounts of Bonus money upon leveling up their account, in different bundles. The first bundle you get is on Level 1, and has 1 USDT in it. While that is fairly humble, the last bundle has 300 USDT up for grabs. According to the casino, the total amount of money you can get is 530 USDT, which is very significant.
• Third, there are VIP Deposit Bonuses which you can claim if your account is of a sufficient tier. There are four in total, and they add a certain amount of money to the first deposit you make after leveling up. The first of them grants you another 25% on top of it, while the other three add 50%. Commonly, deposit bonuses with casinos are more readily available. By the time you unlock level five and the 25% bonus, you will surely have wagered tons of money already. On the other hand, as we said, they are free from any wagering requirements.
• Last but not least, there is a VIP Cashback Bonus, which we find to be the most interesting of the different promotions the casino offers. A cashback bonus lets you get a certain percentage of money lost on bets back. In the case of Leet Bit, this is a percentage which is equal to the level of your account. The lowest amount is 1% and the highest – 20%. Compared to other casinos, the conditions around claiming these funds are actually very friendly to the player. For instance, cashbacks usually come with wagering requirements. Albeit smaller than what is required of deposit bonuses, they are still a consideration to be had. That is not the case with Leet Bit. Also, you can accumulate any amount of cashback you want, and just get all of the money out whenever you want. The funds do not expire and there is no maximum to what you can claim. Overall, this is our favorite aspect of the VIP program of the casino, by a long shot!

License

Regulation is crucial for casinos. On the website of Leet Bit, we can see that it has a Digital seal, from Gaming Curacao. Here is what that looks like:

Gaming Curacao is one of the four master license holders in the small Caribbean nation. These four have turned it into the heart of the egaming industry, with their regulatory regimes being able to balance the interests of casinos and their players alike. Clicking the GC logo in the screenshot above led us to the following page:

What you see here is the excerpt from the register of the regulatory body where the license of Leet Bit is hosted. It confirms that the website it operates from is owned by a license holder and that the players with the casino can expect the protections the regulator has envisioned for them. More specifically, here is what these are:

• Gaming Curacao requires license holders to store player data using some of the strongest available encryption methods. This is very important since, by playing at any casino, you share a lot of sensitive information with it. This includes details about your deposits, but also about your identity when you are submitting personal information to complete KYC checks. Naturally, you don't really want all of that leaking, or the casino being hacked, so it is great that your data is stored safely with license holders.
• Secondly, the players' health is another important consideration for licensed casinos. They need to provide you with self-exclusion options which you can enact on will. Besides the obvious account closure, lighter measures are also usually available. These can include custom deposit limits you can set, as well as time-out warnings which you can, once again, opt in to!
• Thirdly, the games themselves and their integrity is also something which can be certified by the regulatory bodies. Every casino game you can play these days has its own random number generator – a complex algorithm, designed to determine the outcome of every bet you make at the house. These algorithms are audited by professionals, selected by the regulatory bodies, which ensure that there is no bias in them. That way you can know you are playing true games of chance with casinos!

All of these are great reasons to pick licensed casinos like this one over their unregulated peers. Back to Leet Bit, though, here is a bit more information about it – firstly, a list of the languages that you can view its website in:

Languages: English, French, German, Hindi, Japanese, Korean, Portuguese, Russian, Spanish, Turkish, Chinese, Italian

Secondly, here is a list of all of the countries where the services of the casino are not accessible due to their local regulatory regimes:

Restricted countries: Australia, Netherlands, United Kingdom, Show All, Aruba, Bonaire, Sint Eustatius and Saba, Curaçao, Cyprus, Côte d'Ivoire, French Guiana, French Polynesia, French Southern Lands, Heard and McDonald Islands, Netherlands Antilles, New Caledonia, Reunion, Saint Martin (French part), Sint Maarten (Dutch part), Spain, United States, United States Minor Outlying Islands, Virgin Islands, U.S.

Deposit and Withdrawal

The only means of payment with Leet Bit is via crypto. There is a link to an exchange where you can buy USDT with FIAT currency, but you will still need to ultimately deposit that to the casino. While it is great that crypto enthusiasts have a place to use their favorite tokens, we are not so pleased with the fact that there are no other means of payment too. Usually, casinos have both conventional deposit methods and crypto. Regardless, here is what the conditions around cashing in, as well as the accepted currencies are:

Currencies: Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE), XRP, Binance Coin (BNB), Tether (USDT)

Note that there is no information on the minimum deposit, nor how much you can cash in at once. Given that Leet Bit is a crypto-only casino it is possible such limits are not in place. Deposits are free of charge, but you should consider that the player has to cover any third-party fees which might occur for them. Miner fees are almost always something you need to keep in mind when depositing with crypto.

Here is what withdrawing from the casino looks like:

This time, the minimum and maximum amounts you can cash in are shown. These amounts are 10 USDT and 10 000 USDT, respectively. The maximum represents the amount of money you can receive within a month. Note that if the ratio between deposits to winnings is higher than 1/10, the casino will impose a 5 000 USDT monthly maximum for your withdrawals instead.

To even place a withdrawal request, you will need to turn over your deposits at least once, which is a pretty common policy nowadays. If you cash out before that, you will have to pay an 8% fee. Once again, this is nothing extraordinary, and helps curb on money laundering. Next, the casino also has no withdrawal fees, but you still need to consider the third party charges, which you will also need to cover here too.

There is no information on how long it takes to process a withdrawal request, which is pretty disappointing. Without any indication of that in the Terms and Conditions of the casino, there's no way to tell when your requests will be approved or denied, because every house has its own internal policies which dictate that.

Inactive accounts are charged the following fee:

Neither the fee itself, nor its size are something we would not expect to see with a casino these days, and cause us no concern.

Games and Game Suppliers

There is a pretty tiny list of Game suppliers found on the website of Leet Bit. Here is who these developers are:

Game providers: NetEnt, Playson, Spribe, Big Time Gaming, PragmaticPlay, Nolimit City, Thunderkick, Push Gaming, OneTouch, Wazdan, Turbogames, Spinomenal, PGSoft, Hacksaw

Most casinos feature the works of at least 50 developers, so the games library here is pretty tiny. Nevertheless, here's what you can play:

• Slots: Despite the lack of a lot of Suppliers, Leet Bit partners with big names like Pragmatic play. This means the casino features player favorite titles like Big Bass Bonanza, Gates of Olympus, Wolf's Gold and much more. The slots are divided into three categories – Slots, New Releases and High Volatility, with each allowing players to focus on the type of game they would like to play!
• Table Games: There are live dealer versions of Baccarat, Poker, Blackjack and Roulettes available. These are all casino classics, and it is great you can immerse into them alongside other players!
• Game Shows: A limited number of shows are available, like Crazy Time and Dream Catcher. We would like to see this category expanded in the future.
• Esports: Esports betting is accessible from its own section of the website of this casino. There are over 100 events to bet on, from Warcraft 3, to CS:GO and DOTA 2!
• Crash Games: It is pretty weird for a crypto-focused casino to not have crash games, because they are popular among the crypto community, and a number of them can be played with the digital assets directly. Still, they are not present with Leet Bit.

Conclusion

To sum everything up, Leet Bit is a decent casino, but we believe it to be held back by too many things. Most notably, it does not have a lot of games to play. Combined with its less than generous bonus policy, and we would not currently recommend opening an account with the house. However, we would encourage you to keep an eye on it, because it is still very new and these issues can be fixed in the future!