How to Withdraw from Stake Using Bitcoin

Terms and Conditions for Use of Services at Kingbit Casino

Updated: September 19, 2019

Definitions

• Kingbit Casino is referred to as 'we' or 'us'.
• A player is referred to as 'you' or 'the Player'.
• “Games” means casino games and other games that are available on the website.
• “the Website” means Kingbit Casino through desktop, mobile or other platforms utilized by the Player.
• 1 Bitcoin (BTC) = Ƀ 1 = mɃ 1,000 (mBTC / millibitcoins)

1. General

1.1 By agreeing to be bound by these Terms and Conditions, you also agree to abide to Kingbit Casino Rules and Privacy Policy that are hereby incorporated and referenced in these Terms and Conditions. In the case of any inconsistency, these Terms and Conditions will prevail.

1.2. These terms and conditions "Terms and Conditions" apply to all use of games which are accessible through https://www.KingbitCasino.com

1.3. These Terms and Conditions become enforceable as soon as you complete the registration process, which includes accepting the terms and conditions, thus successfully creating an account. After creating your account, any use of the Website is subject to these Terms and Conditions.

1.4. You need to carefully read all of these Terms and Conditions before creating an account. If you do not agree with the Terms and Conditions, then do not create an account.

1.5. We are entitled to make amendments or changes to these Terms and Conditions whenever we want and without any notice. If we make amendments, we may communicate them to you as we see fit. But it is your sole responsibility to periodically check to make sure that you are up to date with any changes made. Should you continue to make use of the Website and services after any amendments have been made, then this will serve as proof of your acceptance of the amendments.

1.6. These Terms and Conditions may appear in several different languages for informational purposes and to make it easy for international players to understand. But the English version shall always be the only legal basis of the relationship between you and us. So, if there are any discrepancies between the translated versions, then the English version shall prevail.

2. Binding Declarations

You hereby agree and warrant that:

2.1. You are over the age of 18 or of legal gambling age as determined by any laws which are applicable to you in your jurisdiction, whichever age is greater.

2.2. You have full allowed to enter into a legally binding agreement with us and you are not restricted by any type of limited legal capacity.

2.3. You will only participate in the Games strictly in your personal and non-professional capacity. You will only take part in the Games for recreational and entertainment purposes only.

2.4. You participate in the Games only your own behalf. You will not participate on the behalf of any other person.

2.5. All of the information that you provide is accurate and true and that you will immediately notify us of any changes.

2.6. It is your sole responsibility for reporting taxes to your government authorities for any winnings that should have.

2.7. You understand that by using our services and playing games of chance, you are taking a risk of losing the money you deposited into your player account and accept that you are fully responsible for any such losses.

2.8. You will not use our services while located in any jurisdiction that does not allow placing and/or accepting of bets online in Bitcoin, and/or playing casino and/or live games with Bitcoin.

2.9. You are allowed to legally gamble at online casinos in your jurisdiction.

2.10. You are only allowed to deposit and withdraw funds with Bitcoin or other accepted altcoins, into and from your player account, that are valid and lawfully belong to you.

2.11. You understand that the value of Bitcoin fluctuates rapidly, depending on the market value.

2.12. That all the Website elements (computer software, graphics, the Websites and the user interface) that are available to you are owned by Kingbit Casino or its associates and they are protected by copyright laws. You may only use the software for your own personal and recreational use and your time spent on the website is subject to all terms and conditions and local jurisdiction laws.

2.13. You understand that Bitcoin is not considered a legal currency and as such they are treated as virtual currency with no intrinsic value on the Website.

2.14. You confirm that you are not a director, employee, officer, consultant or agent of Kingbit Casino or working for any company related to Kingbit Casino, or a relative or spouse of any of the foregoing.

2.15. You are not diagnosed or classified as a gambling addict. We are not liable if problematic gambling arises whilst using our services but will do our best to offer relevant assistance available if needed. We reserve the right to implement cool off periods, or limitations on your account if we believe such actions will benefit your situation.

2.16. You accept and acknowledge that we are allowed to take certain measures such as, but are not limited to, examination of players device properties, detection of geo-location and IP masking, transactions and blockchain analysis, in order to detect and prevent the use of prohibited techniques, fraudulent transactions, automated registration and signup, gameplay, screen capture techniques and more.

2.17. You accept that we have the right to terminate and/or change any games or events being offered on the Website, and to refuse and/or limit bets. Additionally, you accept that any breach of the terms and conditions gives us the right to terminate your account if we see fit.

2.18 You accept, if after verification, it appears that you use betting strategies, take advantage of any software or system bug or failure, or participate in any form of activity that Kingbitcasino.com, in its sole and complete discretion, deems to be abusive, Kingbitcasino.com reserves the right to cancel any bonuses and/or winnings obtained through fraudulent behavior and/or activities.

3. Your Player Account

3.1. You need to personally register an account with us ("Player Account"), before being allowed to place any bets on the Website.

3.2. We do not wish to and shall not accept any registration from players that are prohibited from online gaming or games of skill /chance with bitcoin or cryptocurrency, in their jurisdictions. By opening an account with us you confirm that you are not from a prohibited jurisdiction or using a 3rd party software (VPN, VPS, Proxy) to portray a legal jurisdiction.

3.3. You are aware that the right to access and use the website and any products there offered, may not be legal in certain countries or your jurisdiction. We are not able to verify legalities every jurisdiction. So, it is your sole responsibility to determine whether you are legally allowed to access and use our website in your country. By using our website you warrant to us that gambling is not illegal in the territory where you reside.

3.4. If you open or use the website while residing in a restricted jurisdiction, we have the right to close your account immediately. Any winnings and bonuses will be confiscated, and your remaining balance will be returned to you (subject to reasonable charges). Any winnings or bonuses which you have gained will be forfeited and may be reclaimed by us. Additionally, any withdrawn funds will be returned to us on demand.

3.5. Only one player account is allowed per person. If you attempt to open multiple accounts, then all of your accounts may be blocked, suspended or closed and any funds credited to your account/s will be frozen.

3.6. If you notice that you have more than one account, then notify us immediately. If you fail to do and we discover this, then you risk all of your player accounts being blocked.

3.7. If any errors should occur, with respect to your account or any calculations with respect to any bet you have placed, then you need to inform us. We have the right to declare null and to void any bets that are subject to such errors.

3.8. When registering an account, it is your sole responsibility to ensure that the all the information required (including a valid e-mail address) and provided by you is true, complete and correct. If you do not enter a valid email address, we will be unable to help you recover any "forgotten passwords".

3.9. We have the right to perform "KYC" (Know Your Customer) verifications. If we determine that you have given us false or misleading information, then we may block or close your player account.

3.10. When you register, you will need to choose a username and password to login into the Website. You may not have a username that is offensive or destructive. Moreover, it is your responsibility to store your login details in a safe place. We are not liable or responsible for any abuse or misuse of your player account due to your disclosure, whether intentional, accidental, active or passive, of your login details to any third party and by them accessing your account.

3.11. Due to security reasons withdrawals are not permitted within 48 hours of a  changed password.

4. Deposits

4.1. You may only participate in a Game if you have sufficient Bitcoin balance in your account.

4.2. The minimum deposit amount is ฿ 0.001 (m฿ 1). Any smaller deposits will not be accepted.

4.3. You can deposit funds into your player account, via your personal Bitcoin wallets transfers or other Bitcoin related accounts.

4.4. We have the right to perform additional identity verifications when effecting deposits into your player account.

5. Withdrawals

5.1. Withdrawals are processed to your Bitcoin wallet address. To successfully withdraw the funds we need 3 Blockchain confirmations of your deposit, before a withdrawal can be made. If you deposit with a small mining fee, the confirmations will take up to a couple of hours, depending on the Blockchain block.

5.2. The minimum withdrawal amount is 0.001 BTC (1 mBTC/1000 µBTC). Smaller withdrawals will not be accepted.

5.3. If we mistakenly credit your Member Account with winnings that do not belong to you, whether due to a technical, error in the pay-tables, or human error or otherwise, the amount will remain our property and will be deducted from your Member Account. If you withdraw funds that do not belong to you before we’ve spotted the error, the mistakenly paid amount will constitute a debt owed by you to us. In the event of an incorrect crediting, you are obliged to notify us immediately by email.

5.4. Kingbit Casino reserve the right to carry out additional KYC verification procedures for any withdrawals exceeding 1 Bitcoin or €2,300, whichever is lower. Kingbit Casino also reserves the right to carry out such procedures on smaller amounts too. If you have blocked, frozen or confiscated funds that you would like to retrieve, you need to contact customer support.

5.5. In order to prevent money laundering all transactions need to be checked. If a player becomes aware of any suspicious activity relating to any of the Games of the Website, they must report this to the Company immediately. Kingbit Casino has the right to suspend, block or close a player account and withhold their funds if requested to do so in accordance with the Prevention of Money Laundering Act. Enhanced due diligence may be done in respect to withdrawals of funds that are not used for wagering purposes.

5.6. We reserve the right to apply a wagering requirement of at least 5 (five) times the deposit amount if we suspect the player is using our service to launder money. It is strictly forbidden to use our service for any other purpose other than entertainment.

5.7. You acknowledge that when using the website, your funds in your account are consumed instantly when playing and we do not provide any refund, return or retrospective cancellation of your account.

5.8. We reserve the right to pay out a maximum of up to 0.5 BTC per day (1 BTC per week / 2.5 BTC per month) until the full amount is settled - unless otherwise mentioned in the Bonus Terms & Conditions. Solely at the discretion of the casino, exceptions can be made to players with a higher VIP status and players who won a progressive jackpot. If the total amount requested to be paid out is higher than 2.5 BTC per month, you will be able to withdraw the remaining balance during the following month.

5.8.1. Kingbit Casino reserves the right to charge a 5% fee (with a minimum of 0.5 mBTC) if a player decides to withdraw funds of the balance that have not been rolled over at least 1 time (on slots) or 2 times (on table/live games). For example: If a player deposits 6 mBTC (0.006 BTC), he will have to place bets worth at least 6 mBTC (on slots) or 12 mBTC (on table/live games).

5.9. You acknowledge that the Company is not a financial institution. So, you will not earn any interest on your outstanding balance.

5.10. If you are eligible for a bonus, then wagering requirements will apply before you are eligible to make any withdrawals of the bonuses or winnings. Wagering requirements, will be displayed when receiving the bonus. Kingbit Casino has the right to restrict bonuses and promotional offers to certain countries or geos. Bonuses/freespins at Kingbit Casino can only be received once per household/IP.

5.11. You acknowledge and understand that separate bonus terms and conditions exist with respect to promotions, bonuses and special offers. These are are in addition to these terms and conditions. These terms and conditions are set forth in the respective content page on this website (Kingbit Casino). In the event of a conflict between the provisions of such promotions, bonuses and special offers, and the provisions of these terms and conditions, the provisions of such promotions, bonuses and special offers will prevail.

5.12. Certain promotions may be subject to withdrawal and/or cancellation and may only be available for specific periods and on certain specific terms. You must ensure that the promotion you are interested in is still available, that you are eligible, and that you understand any terms which apply to it.

5.13. Bonuses and free spins do not qualify for jackpots as per casino software provider rules. Only real money rounds qualify for the jackpots.

5.14 Withdrawals will be processed within 24 hours from Monday - Friday (and not during bank holidays).

5.15 Kingbit Casino charges a 5% admin fee for a deposit amount that is not wagered in full, one time. This fee is also applied for refunds of money after issues such as colluding, duplicated accounts, Proxy/VPN usage.

6. Closing of Player Accounts

6.1. If you want to close your player account, then you can do so, by contacting customer support in written form. Your account closure will correspond to the termination of the Terms and Conditions. If you want to close your account due to problematic gambling addiction, then you must indicate this in writing when requesting the closure.

7. Privacy Policy

7.1. You hereby acknowledge and accept that if we deem necessary, we are able to collect and use your personal data in order to allow you access and use of the Website.

7.2. We hereby acknowledge that we are bound by the Data Protection Act, when collecting your personal details and information. We will take every effort to respect your privacy and protect your data under applicable laws.

7.3. We will use your personal data to allow you to participate in the Games and to carry out operations relevant to your participation in the Games. We may also use your personal data to inform you of changes and promote new services and offers that you may like. If you do not wish to receive marketing, then you can opt out.

7.4. Your personal data will not be disclosed to third parties, unless such disclosure is necessary for the processing of your requests in relation to your participation in the Games or unless it is required by law. As Kingbit Casino business partners or suppliers or service providers may be responsible for certain parts of the overall functioning or operation of the Website, personal data may be disclosed to them. Employees of Kingbit Casino have access to your personal data for the sole purpose of performing their duties and providing you with assistance and services.

7.5. We keep all of your information provided as personal data. You have the right to access the personal data held by us about you. We do not destroy data unless required to by law, or unless the information held is no longer required.

7.6. In order to make your visit to the Websites more user-friendly, we use browser cookies to keep track of visits to the Website and to improve our services for you. You can turn off the collection of cookies in your browser settings, but this may restrict your access and use of the website.

8. General Betting Rules

8.1. A bet can only be placed by a registered account holder.

8.2. A bet can only be placed over the internet.

8.3. You can only place a bet if you have sufficient funds or balance in your Kingbit Casino account.

8.4. Once the bet is settled, it will be governed by the last updated version of the Terms and Conditions available on the Website at the time of the bet being placed.

8.5. Kingbit Casino reserves the right to adjust a bet pay-out error credited to a Kingbit Casino account if it is determined by Kingbit Casino in its sole discretion that such a pay-out error occurred.

8.6. A bet, which has been placed and accepted, cannot be amended, withdrawn or cancelled.

8.7. When you place a bet then you acknowledge that you have read and understood all of these Terms and Conditions as stated on the Website.

8.8. You are fully responsible for the bets that you place.

8.9. Customers from the United States of America and its territories, United Kingdom and Spain are not allowed to place bets on real money games of the following providers:  Tom Horn, Evolution Live, Ezugi Live, Asia Gaming Live, Gameart, Pragmatic Play, Booming Games, Fugaso, Habanero, Ganapati, Mascot, Spinomenal, Evoplay, Betixon, OneTouch, Wazdan, NoLimit, 1×2, Slotvision and Iron Dog.

8.10. Placing a bet while using a 3rd party software (VPN, VPS, Proxy) is strictly forbidden.

9. Disrupted and Aborted Games

9.1. The Company is not liable for any downtime, server disruptions, lagging, or any technical disturbance to the game play. Refunds may be given solely at the discretion of Kingbit Casino management.

9.2. The Company is not liable for any damages or losses which occured in connection with the website or its content; including without limitation, delays or interruptions in operation or transmission, loss or corruption of data, communication or lines failure, any person's misuse of the site or its content or any errors or omissions in content.

9.3. In the event that there is a casino system malfunction all wagers are void.

10. Bonuses and Promotions

10.1. Kingbit Casino reserves the right to cancel any bonus offer or bonus program with immediate effect if we believe the bonus has been set up incorrectly or is being abused. If the said bonus has been paid out, then we reserve the right to decline any withdrawal request and to deduct such amounts from your account. If a bonus is deemed to be set up incorrectly or abused it shall be determined solely at the discretion of Kingbit Casino.

10.2. If you use a Deposit Bonus, you may not withdraw your deposit until you have met the bonus wagering requirements.

10.3. If a bonus term is breached or there is any evidence of a bonus abuse which results in enhanced winnings potential, Kingbit Casino reserves the right to reclaim the bonus element of such offers and in their absolute discretion either settle bets at the correct odds, void the bonus or void any bet funded by the deposit bonus. In addition, Kingbit Casino reserves the right to levy an administration charge on the customer up to the value of the bonus or an additional payment to cover administrative costs. We further reserve the right to ask any customer to provide sufficient documentation for us to be satisfied in our absolute discretion as to the customer's identity prior to us crediting any bonus to their account.

10.4. All Kingbit Casino offers are intended for recreational players. Kingbit Casino may  limit the amount of customers eligible to participate in any promotion, at its sole discretion.

10.5. Kingbit Casino reserves the right to amend, cancel or refuse any promotion at its own discretion.

10.6. Bonuses can only be received once per player account, family, household, address, e-mail address, IP addresses and shared IP environments (university, fraternity, school, public library, workplace, etc.). Kingbit Casino reserves the right to close your account and confiscate any existing funds if evidence of abuse/fraud is found.

10.7. You acknowledge and understand that separate bonus terms and conditions exist and that they prevail over these terms and conditions if there are any disputes or discrepancies.

10.8. We may insist that you bet a certain amount of your own deposit before you can bet with any bonus funds that you have received from us.

10.9. You accept that certain promotions may be subject to withdrawal restrictions and/or requirements which need to be met before you can withdraw them. Such terms and information will be published on the website as part of the promotion terms and conditions. If you choose to make a withdrawal before meeting all the wagering requirements, then your bonus will be deducted fully along with any winnings connected to the use of the bonus amounts. Only then will you be able to make a withdrawal.

11. GOVERNING LAW/JURISDICTION
11.1 This Agreement, its clarification and its performance, as well as all other legal relations between the parties to this contract, is subject to the laws of Curaçao.

11.2 Each party unalterably agrees, for the exclusive advantage of Kingbit Casino that, subject asprovided below, the courts of Curaçao shall have exclusive jurisdiction over any conflict or claim (including non-contractual disputes or claims) arising out of or in connection with this agreement or its subject matter or formation. Nothing in this clause shall restrict the right of Kingbit Casino to take proceedings against you in any other court of competent jurisdiction, nor shall the taking of proceedings in any one or more jurisdictions preclude the taking of proceedings in any other jurisdictions, whether simultaneously or not, to the extent allowed by the law of such other jurisdiction.

12. Live Chat

12.1. Live chat is available for to use on the website. It is moderated by us and subject to controls. We reserve the right to review and to keep a record of all chat transcripts made by you. Your use of the chat facility should be for recreational and socializing purposes.

12.2. We have the right to remove the chat functionality or immediately terminate your player account and refund your account balance if you: (a) make any sexually explicit or grossly offensive statements, including expressions of racism, bigotry, hatred or profanity; (b) make statements that are abusive, defamatory or harassing or insulting; (c) use the chat to advertise or promote any other online entities; (d) make untrue or malicious statements about Kingbit Casino, or any other Internet site(s) connected to the Website that may damage Kingbit Casino’s reputation; (e) user the chat facility to collude, engage in unlawful conduct or encourage conduct we deem seriously inappropriate. Any suspicious chats will be reported to the competent authority.

12.3. Live Chat is used as a form of communication between you and us. You are not allowed to copy the chats or share them with any forums or third parties.

13. Limitation of Liability

13.1. You enter the Website and participate in the Games at your own risk. The Website and the Games are provided without any warranty whatsoever, whether expressed or implied.

13.2. Without prejudice to the generality of the preceding provision, we, our directors, employees, partners, service providers:

13.2.1. Do not warrant that the software, Games and the Website are fit for their purpose;

13.2.2. Do not warrant that the software, Games and the Website are free from errors;

13.2.3. Do not warrant that the software, Games and the Website will be accessible without interruptions;

13.2.4. Shall not be liable for any loss, costs, expenses or damages, if direct, indirect, special, consequential, incidental or otherwise, arising in relation to your use of the Website or your participation in the Games.

13.3. You understand and acknowledge that, if there a malfunction occurs in a Game, then any bets made during such a malfunction shall be void. Funds obtained from a malfunction shall be considered void too, as well as any game rounds made with said funds, regardless of what Games are played.

13.4. You hereby agree to fully indemnify and hold harmless us, our directors, employees, partners, and service providers for any cost, expense, loss, damages, claims and liabilities whatsoever caused that may arise in relation to your use of the Website or participation in the Games.

14. Term Breaches, Penalties and Termination

14.1. If you breach any provision of these Terms and Conditions or that we have a reasonable ground to suspect that you have breached them, then we have the right to suspend, or to close your player Account, as well as withholding payment of your winnings and applying such funds to any damages caused by you.

15. Severability

15.1. If any provision of these Terms and Conditions is held to be illegal or unenforceable, such provision shall be severed from these Terms and Conditions and all other provisions shall remain in force unaffected by such severance.

16. Assignment

16.1. We reserve the right to assign or legally transfer this agreement. You are not allowed to assign or transfer this agreement.

17. Entire Agreement

17.1. These Terms and Conditions constitute the entire agreement between you and us with respect to the Website. In the case of fraud, they will supersede all prior communications and proposals, whether electronic, oral or written, between you and us with respect to the Website.

18. Complaints

18.1. If you have a complaint to make regarding our services, you may contact our customer support via Live Chat or by email.