Multibanco

For nearly 40 years, Multibanco has been a reliable provider of services to the people of Portugal, offering an impressive array of options. As the leading payment system in the country, MB operates as an inter-bank network, boasting a diverse range of services. Whether you’re using online or mobile banking, Multibanco proves to be a suitable method for cryptocurrency gambling. Managed by Sociedade Interbancária de Serviços (SIBS), MB ensures fast and hassle-free deposits. With more than 60 services available, MB is a testament to its focus on user convenience. Regardless of your Bitcoin casino budget, you can trust Multibanco to ensure smooth transactions.

Currently, there is 1 crypto trading site and 47 crypto casinos that accept Multibanco as a deposit method, as shown in the lists below.

Summary

Multibanco is widely recognized as a postpay transaction method, but over the years, it has evolved into a reliable online payment solution. You can purchase coins at a crypto exchange using the service or make deposits directly into a casino where MB is accepted as a payment method. The service supports mobile payments through MB WAY and virtual credit cards, making online payments much easier. No matter which platform you choose, you can expect a smooth experience.

What is Multibanco?

Multibanco is an interbank network that connects multiple banking institutions. In this case, it links the ATMs of 27 major banks in Portugal, offering access to more than 12,700 machines both locally and internationally. Initially, Multibanco ATMs were limited to cash withdrawals, balance checks, and activity tracking. Over the years, the system has added various services, such as online and mobile banking, enabling users to make transactions via e-wallets or virtual credit cards. In crypto gambling, Multibanco can be used to fund accounts on exchanges, allowing you to purchase digital currencies. Some hybrid casinos also offer MB as an alternative fiat payment method, depending on your gaming needs.

Associated Costs

A key advantage of using MB is that there are no extra fees associated with using the network. You can enjoy all the services without incurring additional charges beyond what your bank may impose. Since your wallet is linked to your bank account, service fees will apply based on your bank’s policies. Most Portuguese banks charge monthly fees and per-transaction costs. If you’re using a virtual credit card, transaction fees may also apply. Be sure to familiarize yourself with all applicable fees, whether you’re funding a casino account or buying cryptocurrencies. It’s important to know the costs in advance, as they impact your budget. You can track your transactions via MB Phone, and be cautious when dealing with different currencies due to the exchange rate. Note that MB only supports Euro transactions.

How to Deposit with Multibanco

Now that you have a better understanding of Multibanco, you may want to use it for making deposits while gambling. It’s similar to using a regular virtual wallet. Here’s how to do it:

1. Select a crypto casino and create an account.
2. Go to the cashier section and choose MB or MB WAY as the deposit method.
3. Enter the amount you want to deposit.
4. Verify the transaction with a PIN, password, or Face ID, then submit.
5. Wait for the funds to be reflected in your account.

Which Are The Main Countries to Use Multibanco?

Multibanco is available only to Portuguese account holders. To use MB, you must be a customer of one of the 27 member banks. Merchants in various countries can offer MB, but only to customers residing in Portugal. Therefore, casinos and crypto exchanges that cater to the Portuguese market offer Multibanco as a payment alternative, among other options.

Can You Withdraw Using MB?

Unfortunately, MB does not support withdrawals. The only way to withdraw using MB is through an ATM. You cannot cash out via the payment system at gambling sites or other merchants. As a result, you will need to explore other withdrawal methods, such as cryptocurrencies like Ethereum, Bitcoin, and Litecoin, when gambling at crypto casinos.

Reputation

Launched in 1985, Multibanco has grown its services to meet the changing needs of consumers. Known for providing innovative services that simplify the daily lives of individuals and organizations, the company earned a strong reputation by offering more features than traditional ATMs. As it expanded, so did its user base. Today, Multibanco stands as one of the largest payment processors in Europe and Africa. The brand has garnered multiple awards for its consistent, high-quality service and holds the SuperBrands distinction.

Given its dominant position, MB remains a top choice for online payments. However, it is limited to users in Portugal with bank accounts. If you don’t meet these requirements, you can turn to other payment alternatives like Skrill, Neteller, or PayPal for your gambling needs.

Multibanco FAQ

Here are some of the most common questions received about this widely used payment method in the western part of the Iberian Peninsula:

• Is it safe to use Multibanco for cryptocurrencies?

  Yes, MB has robust security measures, such as two-factor authentication for accounts and a PIN for transactions. However, be cautious of clicking on malicious links when accessing the official MB website.

• Are payments instant?

  Yes, payments are instant. Once you approve a transaction, the funds will be available in a few minutes, depending on the platform you’re using. This makes it a great option for crypto gambling.

• Who owns Multibanco?

  The network is operated by Sociedade Interbancária de Serviços (SIBS), with management provided by the 27 member banks of MB.

• Does Multibanco work on mobile devices?

  Yes, it works via MB WAY. To use the service, you must register with your phone number and download the MB WAY app. This app allows you to perform transactions and track your activity. It’s available on both iOS and Android devices.

• Are bonuses available at Multibanco casinos?

  Yes, while there are no exclusive bonuses for using Multibanco as a payment method, you can still claim various other bonuses available at participating casinos.