Cloudbet Review 2026

Cloudbet has operated since 2013, making it one of the longest-running crypto sportsbooks we cover. It focuses squarely on sports betting rather than trying to be a casino-first platform, with a Bet Builder across baseball, basketball, cricket, ice hockey, rugby, soccer and tennis, plus a social betting feed called Pulse where you can follow and tail other bettors.

Welcome bonus

New users can unlock up to $2,500 in cash rewards over their first 30 days, activated automatically after an initial deposit with no bonus code required. Sports bettors get weekly cash drops tied to betting activity; rewards expire seven days after they unlock, and unverified accounts must wager 100% of deposits before withdrawing — check the live terms on cloudbet.com before you deposit.

Supported coins & deposit process

Cloudbet supports 25+ assets including BTC, ETH, USDT, USDC, DOGE, LTC, ADA, SOL and XRP across multiple networks. Note that bridged or wrapped versions such as USDC.e and USDT.e are not supported. Most crypto withdrawals process instantly to within 24 hours; fully verified (Level 2) accounts have no daily withdrawal limits.

Platform & custody notes

Cloudbet is a custodial platform — funds sit in an account balance rather than a self-custody wallet. It has operated as a sportsbook specialist since 2013. As with any centralized platform, only deposit what you're comfortable having tied up, and confirm current terms and availability in your country before signing up.

Our verdict

For bettors who want a sportsbook-first platform with a long operating history and don't mind a slightly wider odds margin than Stake, Cloudbet is a solid, well-established pick.

Key facts

Rewards unlock progressively as you wager. Read the live terms before depositing. 18+. T&Cs apply. Always read the operator’s live terms before depositing.

Degen Score breakdown

The overall 8.4 is the weighted mean of these four, using the weights published in our methodology — not a number set by hand.

Common questions about Cloudbet

Is Cloudbet custodial?

Yes. Cloudbet holds your balance in a house account, so it is a custodial sportsbook. It has been operating since 2013, which is one of the longest track records in crypto betting, but the custody model is the same as any conventional book that happens to accept crypto.

Does Cloudbet require KYC?

Verification is required above a threshold rather than at sign-up. You can register and deposit without it, but plan on verifying before larger withdrawals.

What is the Cloudbet welcome bonus?

Up to $2,500 in cash rewards, which unlock progressively as you wager rather than arriving as a single lump sum. Terms change, so read the operator's live terms before depositing — the unlock schedule is the part that determines what the offer is actually worth.

How fast does Cloudbet pay out?

Between instant and 24 hours in our assessment, across BTC, ETH, USDT, USDC and roughly twenty more assets. As with any custodial book, a withdrawal is a request the operator processes rather than an on-chain settlement, so an outstanding verification request is the usual reason a payout takes the longer end of that range.

Is Cloudbet legit?

Yes. Cloudbet has been running since 2013, which is one of the longest continuous track records in crypto betting, and it settles bets and withdrawals reliably in our assessment. It sits seventh of twelve on our list because it is custodial, not because of any doubt about the operator.

Is Cloudbet safe to use?

The main consideration is custody: Cloudbet holds your balance, so a withdrawal is a request the operator processes rather than an on-chain settlement. Verification is required above a threshold, which is the usual point at which a delay appears. For a custodial book its record is good; if you want settlement you can verify yourself, look higher in our ranking.

Alternatives to Cloudbet

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