7-Day BTC Payout Delay Discovered in SlotsNBets Casino Test

SlotsNBets Casino claims to put players first, offering a full-featured gaming experience with casino games, live betting, and sports wagering. However, one critical factor stands out—it operates without a gaming license. This immediately raises concerns, prompting a test by LCB to assess the platform’s reliability, especially when it comes to crypto payments.

A tester under the alias RedApple was sent to evaluate the site’s operations firsthand, including account registration, document verification, crypto transactions, and gameplay. The test would ultimately focus on how long it takes to process a withdrawal, revealing a key point of concern for potential users.

• July 23, 2024: Tester registered and submitted verification documents (ID, utility bill, selfie, and deposit screenshot).
• July 23, 2024: Deposited €200 in Bitcoin; account credited with €201.79.
• July 24, 2024: Verification confirmed via email.
• July 29, 2024: Withdrawal of €100 in BTC requested.
• August 5, 2024: BTC worth $111.35 (0.00206292 BTC) finally received—7 calendar days later.

Though  promises fast crypto processing, this delay raised flags. According to its FAQ section, withdrawals should typically be reviewed and processed within two business days. Even accounting for business days only, five full working days passed—still beyond the stated timeframe.

The tester found a well-stocked lobby with games from developers like BGaming, NetEnt, Kalamba Games, Tom Horn, and Gamzix. Titles explored included Serengeti Kings, Chicken Rush, Aloha King Elvis, and Dragon Age Hold & Win. The gameplay itself posed no issues, highlighting that game content is not where the platform falls short.

Signing up was straightforward. The tester filled in a two-step form—starting with email and password setup, followed by personal info and currency selection. Immediately after, he initiated the ID verification process through the profile section. The documents submitted were a utility bill, an ID image, and a selfie holding the ID. A screenshot of the deposit transaction was also uploaded as an additional verification document.

SlotsNBets terms state that players should receive verification confirmation within 24 hours. In this case, that promise was met, with the account verified the following day.

The tester deposited €200 in Bitcoin. A minor network fee of 0.00001544 BTC was applied, resulting in a wallet balance of 0.00329444 BTC. This converted to €201.79 once credited to the casino account.

A €100 withdrawal was then initiated on July 29. However, the funds only arrived on August 5—seven days later, far exceeding the timeframe stated by the casino. This is particularly troubling since all verification steps were completed in advance.

According to the casino’s terms, the maximum withdrawal per month is capped at €7,000. Players must also meet wagering conditions before cashing out, such as betting 100% of a deposit at minimum 1.50 odds in sports or wagering it three times in the casino. If these conditions are not met, a 10% fee applies.

Additionally, players who make only one deposit can withdraw no more than 15x that amount; all additional winnings are removed.

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Despite offering attractive games, a range of crypto payment methods (including BTC, ETH, and LTC), and promotional offers like cashback and reload bonuses, SlotsNBets Casino operates without a license. That means players have limited to no legal recourse if issues arise.

While the test revealed no problems with games or site functionality, the seven-day payout delay—despite meeting all verification and wagering requirements—is a red flag. LCB advises caution and reminds users to consider the risks when engaging with unlicensed platforms.

Source:
, LCB.org, April 30, 2025.