For almost four decades, Multibanco has served the Portuguese population faithfully with an impressive range of services. MB is an inter-bank network and Portugal’s leading payment system, thanks to its varied services. Users can use Multibanco for online or mobile banking, making it suitable for cryptocurrency gambling. Operated by Sociedade Interbancária de Serviços (SIBS), MB offers instant and simple deposits. With over 60 services, MB continues to prove that it’s designed for customer convenience. Whatever your Bitcoin casino budget, count on Multibanco to facilitate smooth transactions.
There are 1 crypto trading sites supporting Multibanco and 40 crypto casinos which support Multibanco as deposit method as seen in the toplists below.
Top 40 casinos with support for Multibanco
Top 1 sites for buying, selling and trading crypto with Multibanco
This is the toplist with the best crypto brokers in .This is the toplist with the best sites to buy, sell or trade cryptocurrencies with Multibanco. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button.
We generally recommend using an exchange or platform with good track record, great reputation and positive feedback from its customers. The better option for you as customer, the better ranking we give them.
Summary
Multibanco is popular as a postpay transaction method, but it has become a reliable online payment option over the years. You can buy coins at a crypto exchange using the service or deposit directly to a casino in instances where MB is available as a deposit method. The service provides mobile payments via MB WAY and virtual credit cards that take the hassle out of online payments. Whichever platform you choose, expect a seamless experience.
Advantages
+ All banks in Portugal support the network.
+ You don’t pay extra charges for using the payment alternative and can pay with your mobile.
+ Multibanco employs several security technologies to protect transactions.
+ Mobile payments are available on various devices using the network’s dedicated app.
+ Funding your account through MB is instantaneous.
Disadvantages
– MB is only available for account holders in Portugal.
– Most Multibanco casinos don’t support withdrawals with MB. You can take out money with crypto or to your bank account.
– The official website is only available in Portuguese.
– Transferring money from your bank account incurs service fees.
– You can only transact in Euro.
What is Multibanco?
The payment instrument is an interbank network, meaning a system that connects multiple banking institutions. In this case, MB links ATMs of 27 of the leading banks in Portugal. It has more than 12,700 machines that customers can access locally and internationally. Initially, Multibanco ATMs only allowed users to withdraw cash, check balances and track their activities. Over the years, the system added more functionalities to cater to different requirements. Now, the network offers online and mobile banking, allowing you to use an e-wallet or virtual credit card for transactions. In crypto gambling, you can use Multibanco as a funding method on exchanges, enabling you to buy digital coins. Some hybrid casinos also provide MB as an individual fiat payment alternative. So, your gaming plans will determine the best way to use the banking solution.
Associated Costs
A big advantage of transacting with MB is that you don’t incur additional fees for using the network. You can enjoy Multibanco’s different services and their benefits at no extra cost besides what your bank charges. Since your wallet links to your bank account, then you must factor in the applicable service fees. A majority of banks in Portugal have a monthly charge and costs per transaction. If you are using a virtual credit card, then you must consider the transaction costs. Whether funding your casino account directly or buying cryptocurrencies, learn about the relevant fees beforehand. Know the cost of every payment because it affects your budget. You can check your transactions through MB Phone. Be particularly careful when transacting with different currencies due to the exchange rate. Note that MB only supports the Euro.
How to Deposit with Multibanco
Now that you know more about Multibanco, you may consider using it for deposits when gambling. The platform is not much different from regular virtual wallets. Here’s what to do:
1. Choose the crypto casino and create an account.
2. Go to the cashier and select MB or MB WAY as the deposit option.
3. Enter the amount.
4. Verify the transaction using a PIN, password or Face ID and submit.
5. Wait for the funds to reflect in your account.
Which are The Main Countries to Use Multibanco?
The interbank payment system is only available to Portuguese account holders. It means you have to be a customer at one of the 27 member banks to use MB. Merchants in most countries can offer MB, but only to customers in Portugal. So, casinos and crypto exchanges serving the Portuguese market support Multibanco among other payment alternatives.
Can You Withdraw Using MB?
Unfortunately, the banking option doesn’t accept withdrawals. The only way to withdraw via MB is at an ATM. You can’t cash out using the payment systems on gambling websites and other merchants. For that reason, find other appropriate payout methods to get your winnings. When playing at a crypto casino, you have the choice of withdrawing via various coins, such as Ethereum, Bitcoin and Litecoin.
Reputation
The banking solution launched in 1985 and since then has developed services that meet the evolving payment demands of consumers. The company is famous for offering innovative services that ease the daily lives of organisations and people. It built a name by providing more functions in its ATMs than standard machines. The more features it added, the bigger the system grew. Multibanco is among the largest payment processors in Europe and Africa. The brand has several awards based on its consistently exemplary services. Additionally, it has a SuperBrands distinction.
Given its dominance, MB is a clear winner in online payments. The downside is that it only works if you live in Portugal and have a bank account. If you don’t meet these eligibility requirements, you can turn to other casino banking alternatives to facilitate your gambling. Skrill, Neteller and PayPal are some examples.
Multibanco FAQ
Here are some of the most common questions that Crypto Lists received about this common deposit method in the western part of the Iberian penisula.
Is it safe to use Multibanco for cryptocurrencies?
MB has robust security measures, including two-factor verification for accounts and a PIN for transactions. Therefore, you can transfer funds to a crypto exchange safely. Be careful, though, of clicking on malicious links when accessing the official MB website.
Are payments instant?
Yes. The minute you approve a transaction, the money will be available in a few minutes, depending on the platform you are using. It’s why they are suitable for crypto gambling.
Who owns Multibanco?
The Sociedade Interbancária de Serviços (SIBS) operates the network. SIBS runs under the management is the 27 member banks of MB.
Does Multibanco work on mobile devices?
It does, through MB WAY. You have to register for the service using your telephone number and download the MB WAY app. Using the mobile wallet, you can transact as needed and monitor your activity. The service is available on iOS and Android.
Are bonuses available at Multibanco casinos?
Yes. Even though you won’t find exclusive promotions for depositing with the payment method, you can claim a myriad of other bonuses.