No Regulation

Score

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/10

BETONLINE

China

|

2-5 years

Suspicious Regulatory License|

Medium potential risk

https://promotions.betonline.ag/crypto-sports?btag=1o1HfDFsT_7z861drJwJqWNd7ZgqdRLk&affid=101056

Website

Rating Index
Influence

Influence

AAA

Influence Index NO.1

United States 8.75

Better than 98.92% exchange(s)

Biz Area

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Social Media Index

Influence
AAA

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

Exchange Info

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Company Name
BETONLINE
Phone of the company
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Twitter
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Customer Service Email Address
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WikiBit Risk Alerts

1
Previous Detection 2024-06-21

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

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Time Machine

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User Reviews

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3 ratings

Participate in evaluation
Mike Hair de Salon
The trading interface of BETONLINE is well-designed and easy for beginners to get started. However, the customer service response is slow. Well, what can you do?
2024-04-06 15:57
15
FX2019440438
Betonline basics often leak, making it nerve-wracking! However, the exchange support is really cool, very fast, and available online 24/7.
2024-01-20 16:39
9
FX1322881110
BETONLINE truly shines with its innovative technology! It’s easy to exchange and offers a user-friendly interface. Definitely worth investing.
2024-01-04 12:42
8
Company Name BETONLINE
Registered Country/Area China
Founded year 2001
Regulatory Authority Not regulated
Cryptocurrencies offered Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC)
Customer Support Phone number:1 (888) 426-3661; Live Chat; email: cs@BetOnline.ag; Social Media

Overview of BETONLINE

BETONLINE is a virtual currency exchange that was founded in 2001. The company is registered in China and is regulated. BETONLINE offers several cryptocurrencies for trading, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC).

BETONLINE's homepage

Pros and Cons

Pros Cons
Founded in 2001 Not well-made website
Provide many cryptocurrency types Limited resources and information
Pros
  • Established in 2001: Being in the business for over two decades, BETONLINE brings a wealth of experience to the table. This long-standing presence in the industry represents its endurance and adaptability.

  • Diverse Cryptocurrency Options: BETONLINE boasts a broad spectrum of cryptocurrencies. This wide range caters to both novices and seasoned traders looking to diversify their portfolios

Cons
  • Web Interface Concerns: Users have voiced concerns regarding the website's design and functionality. The platform is perceived as poorly constructed and lacking essential details.

  • Insufficient Learning Resources: For those new to cryptocurrency or seeking to broaden their knowledge, BETONLINE offers limited educational materials, leaving users to seek information elsewhere.

Regulatory Authority

BETONLINE doesn't seem to be governed by any known regulatory body. This absence of oversight can pose significant risks, as there might not be any standardized checks and balances in place to ensure fair and secure operations. Without regulation, users may be more exposed to potential fraudulent activities, mismanagement of funds, or unexpected operational changes. There's also the risk of loss without any clear recourse, given the lack of an overseeing entity.

No license

Security

Due to the absence of regulatory oversight, the platform's security level may be comparatively lower than that of other exchanges. This could make users more vulnerable to potential breaches, fraud, or other security-related issues. Therefore, it's imperative to approach platforms like BETONLINE with caution.

Trading Market

BetOnline provides its users with a variety of cryptocurrency options to choose from. This includes the highly recognized and widely used Bitcoin (BTC), as well as Bitcoin Cash (BCH), an offshoot of Bitcoin. Ethereum (ETH), another leading cryptocurrency known for its contract functionality, is also available. Additionally, users can elect to use Litecoin (LTC), a peer-to-peer cryptocurrency that was an early bitcoin spinoff. These offerings allow users to decide which digital assets align best with their trading or investment strategies.

Deposit & Withdrawal

Deposit Rules:
  • BetOnline offers a comprehensive range of deposit methods.

  • The minimum deposit starts at $10 and can go up to $1,500 depending on the method.

  • Some methods have no maximum deposit limit, while others can be capped as low as $600.

  • Cryptocurrency deposits come with benefits such as bonuses, low minimum deposits, and fee-free payouts.

  • For cryptocurrency deposits, users need to sign up for an exchange, create an account, and transfer funds.

Depositing Options Minimum Deposit Maximum Deposit Speed
Cryptocurrencies $20 $50,000 1 Hour or Less
Credit Card $50 $5,000 Instantly
Person-to-Person $100 $600 2-3 Days
Money Orders $300 $9,000 2 Days
Skrill $10 No maximum 2-5 Days
Neteller $10 No maximum 5-6 Days
Bank Wire $1,000 No maximum 5-7 Days
Cashiers Check $1,500 $15,000 Up to 20 Days
ecoPayz $10 $10,000 3-5 Days
Withdrawal Rules:
  • BetOnline offers a variety of payout methods.

  • Users can pick between lower fees, faster processing times, or different payout limits based on their preferences.

  • Always refer to the payout chart to understand the options and processing times.

Payout Options Minimum Payout Maximum Payout Speed
Cryptocurrencies $20 $10,000 1 Hour or Less
Neteller $25 $9,900 2-3 Days
Skrill $25 $9,900 2-3 Days
Person-to-Person $50 $400 1-2 Days
Money Orders $500 $9,000 1-3 Days
Check $500 $9,000 1-2 Days
Bank Wire $500 $24,900 3-5 Days
CredeCard $200 $3,000 24 Hours

Bonus & Fees

Welcome Bonuses
  • Sports: Newcomers interested in sports betting receive a 50% bonus up to $1,000 on their initial deposit.

  • Crypto: On their first crypto deposit, users can claim a 100% bonus.

  • Casino & Poker: For those leaning more towards casino games and poker, two separate welcome bonuses are available, each offering rewards up to $1,000.

Reload Bonuses
  • Sports Betting: Specifics not mentioned, but a reload bonus is available for sports enthusiasts.

  • Crypto: A separate reload bonus is designated for crypto deposits.

  • Referral Bonus: By referring a friend to BETONLINE, bettors can earn a 200% bonus up to $200 on their friend's initial deposit.

Note:

  • This bonus applies solely to the first deposit made at BetOnline.ag.

  • Deposits ranging from $50 to $1,000 are eligible for the bonus.

  • The bonus is released in increments of $5. For every $50 rake earned, $5 of the bonus is released until the full bonus amount is unlocked.

  • Rake accumulated prior to activating the bonus doesn't count towards the bonus release requirement.

  • Players are given a 30-day window to unlock their bonus. Post this period, any unreleased bonus is forfeited.

  • Every unlocked bonus stage is instantly credited to the player's account.

  • Withdrawing before the complete bonus release leads to forfeiture of the remaining bonus stages.

Fees

BETONLINE does not provide a transparent fee structure on its official website. The absence of clear and upfront information regarding fees can raise concerns for users who value transparency when deciding to engage with a platform.

Customer Support

BetOnline takes pride in ensuring its users are well taken care of, offering a robust customer support system that's ready to assist around the clock. Whether you have a query, face an issue, or simply need clarification, the team is geared up to offer prompt assistance.

Availability: At any time of the day or night, BetOnline's support is at your service. They operate 24/7, ensuring that time zones don't become a barrier to efficient assistance.

Ways to Reach Out:

  • Phone Support: For those who prefer a direct and immediate conversation, BetOnline provides a dedicated hotline at 1 (888) 426-3661. The line connects users to knowledgeable representatives who are adept at resolving issues swiftly.

  • Live Chat: For real-time digital assistance, the live chat feature is commendable. Unlike many automated chats, BetOnline ensures human touch, with responsive and friendly professionals attending to inquiries.

  • Email: For issues that aren't pressing or require detailed explanations, reaching out through their email, cs@BetOnline.ag, is a suitable choice. Though they might take a tad longer to respond compared to other methods, the solutions provided are usually in-depth and exhaustive.

  • Social Media: Apart from the traditional channels, BetOnline also maintains a vibrant presence on social platforms, including Twitter and Instagram. Their posts not only offer the latest odds but also infuse a touch of humor and personality. It's worth noting that reaching out via these platforms can also be a handy way of getting in touch, given their active digital footprint.

Is BETONLINE a Good Exchange for You?

BetOnline is the best exchange for sports and casino lovers, as it originally started as a sports betting platform and later incorporated digital assets. This would allow users to both enjoy gambling on their favorite sporting events and trade cryptocurrencies, all within the same platform.

  • Experienced Traders: BETONLINE's wide range of cryptocurrencies and potential price volatility in different markets may attract experienced traders who are looking to diversify their investments and take advantage of market fluctuations. However, it is important for experienced traders to consider the limited information available about the exchange's features and functionalities before making a decision.

  • Long-term Investors: The fact that BETONLINE has been operating since 2001 may instill a sense of stability and longevity, making it potentially attractive to long-term investors. However, without specific details about the exchange's security measures and protection of funds, long-term investors should proceed with caution and prioritize the security of their investments.

  • Risk-Tolerant Traders: Traders who are willing to take on higher risks, such as potential fraudulent activities or hacking, may be open to exploring BETONLINE. However, it is crucial for these traders to stay updated on the latest news and announcements in the cryptocurrency industry and exercise caution when engaging with unregulated exchanges.

Conclusion

In conclusion, BetOnline combines sports betting with cryptocurrency exchange services, making it a potentially good choice for sports and cryptocurrency enthusiasts. It offers a diverse range of cryptocurrencies and has substantial experience in the industry. However, it operates without regulation by any known regulatory body, which poses significant inherent risks. The platform's fee structure is not transparent, and users might encounter unexpected costs.

FAQs

Q: What is the regulatory status of BETONLINE?

A: Currently, BETONLINE operates without an external regulatory authority.

Q: How can I get the customer support?

BetOnline provides a dedicated hotline at 1 (888) 426-3661, with their email, cs@BetOnline.ag. You can get assistance from these two resources.

Q: What language does BETONLINE support?

BETONLINE currently covers two languages, which are Spanish and English.

BETONLINE User Review

User 1:

I've been using BETONLINE for my sports betting for over a year now. The platform is seamless, and I love the variety of sports and events they offer. Their odds are competitive, and the occasional bonuses they roll out are always a welcome surprise. One area of improvement could be their customer service response time, but overall, a reliable platform for my betting needs.

User 2:

I tried out BETONLINE after a recommendation from a friend. The user interface is clean, and it was pretty straightforward to place my bets. I did face an issue with a deposit once, but their customer support was on it and resolved the matter promptly.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.