JabIBet Casino Review

JabIBet is one of the casinos that only accepts cryptocurrencies as a method of deposit and withdrawal. Specifically, you can deposit and withdraw from your wallet via Bitcoin, Ethereum, Tether, Dogecoin, Bitcoin Cash, Litecoin and Tron.

Using cryptocurrencies as a method for depositing and withdrawing funds from online casinos comes with several advantages and disadvantages that both players and operators must consider. One of the main advantages is the speed of transactions. Unlike traditional banking methods, which can take days to process, especially across borders, cryptocurrency transactions are typically completed within minutes, regardless of the amount or destination. This allows players to access their winnings or fund their accounts almost instantly, which is particularly appealing in a fast-paced gaming environment.

Another benefit is the degree of privacy and anonymity cryptocurrencies can offer. Many players prefer not to share sensitive banking information with online casinos, and using digital currencies like Bitcoin or Ethereum enables them to maintain a higher level of personal security. This is especially important for users in jurisdictions where online gambling is restricted or tightly regulated, as crypto transactions are not directly tied to conventional financial institutions. In addition, some casinos offer exclusive bonuses or higher payout limits for users who choose cryptocurrency as their preferred payment method, which can further enhance its appeal.

However, there are notable disadvantages. One of the biggest challenges is the volatility of cryptocurrencies. The value of coins like Bitcoin can fluctuate dramatically in short periods of time, which means that the value of a deposit or withdrawal may change significantly between the time the transaction is initiated and when it is completed or converted into fiat currency. This introduces a level of financial risk that doesn’t exist with more stable payment methods. Additionally, while crypto offers anonymity, it can also make it harder for users to recover funds in cases of disputes or fraud. Transactions are irreversible, and without centralized oversight, there is limited recourse if something goes wrong.

Another concern is accessibility and user understanding. Not all players are familiar with how to acquire, store, and use cryptocurrencies, and the process of setting up a digital wallet and navigating blockchain confirmations can be daunting for beginners. Regulatory uncertainty also plays a role. In some regions, the legal status of both cryptocurrency use and online gambling is unclear or evolving, which can affect the reliability and security of using crypto as a long-term solution.

As a measure against money laundering, JabIBet requires you to wager at least three times the amount of your deposit. If you have not met this requirement, you will be charged a 20% fee when withdrawing.

According to the Terms and Conditions, the minimum withdrawal amount is €10. It should be noted that the euro is not one of the base currency options for your account at this casino, so there is some uncertainty about the exact amount.

Тhe maximum withdrawal amount per month is €10,000 In cases when your balance is at least 10 times larger than the total sum of your deposits, you will be limited to € 5,000 (or currency equivalent) for withdrawal per month.

Inactive Accounts

JabIBet does not provide information about inactive accounts – after how long an account is considered inactive and whether such accounts are charged a fee.

JabIBet is run by the company Sknet Tech Ltd., a limited liability company registered in Belize. The license under which the casino operates is issued by another offshore jurisdiction—the Autonomous Island of Anjouan, part of the Union of Comoros. Verification of the Anjouan Internet Gaming License is straightforward, as it can be confirmed through the Digital Seal displayed in the footer of the casino’s website.

An increasing number of online casinos are opting for licensing from Anjouan, primarily due to the minimal regulatory burden. The licensing process in this jurisdiction is notably lenient, imposing few obligations on operators. While the regulatory standards are basic, holding a license from Anjouan is still preferable to operating without any license at all. Among its few requirements, the local authority mandates that casinos must offer provably fair games, which, although modest, still represents a fundamental assurance of fairness for players.

Casinos licensed in Anjouan are not obliged to adhere to formal responsible gambling policies. Nonetheless, JabIBet affirms that it supports player self-exclusion. Customers wishing to self-exclude can request it through customer support, after which the restriction is applied within 24 hours. Once activated, the account remains suspended until the player chooses to reactivate it, and login access is blocked during the exclusion period.

As for jurisdictional restrictions, JabIBet operates in accordance with the guidelines set by the Anjouan Offshore Financial Authority. The casino does not accept clients from a number of countries, including Australia, Austria, Comoros, France, Germany, the Netherlands, Spain, the United Kingdom, the United States, and all jurisdictions that are FATF-blacklisted or subject to international sanctions, as well as any other regions explicitly restricted by Anjouan’s financial authority.

The JabIBet website is available in multiple languages, not only major European languages, but also those from the Middle East and Central Asia. However, live chat appears to be available only in English. It should be noted that you must first communicate with a chatbot before you can request to speak to a casino representative.
JabIBet also has a Facebook page and a Telegram channel through which you can also contact customer support. There is also the standard option to contact the casino via email.