RakeBit

RakeBit Casino, a fresh and exciting addition to the online gaming world, has quickly risen to popularity as a cryptocurrency-only casino for players who prefer the advantages of anonymous gambling. Launched in August 2024, RakeBit Casino operates legally under Costa Rica legislation, offering an expansive library with thousands of games from top providers in the industry, combined with an equally varied sportsbook.

This is a well-rounded offering for players who enjoy both casino games and sports betting under one roof. The casino is designed with both novice and experienced players in mind, boasting an intuitive and mobile-optimized interface, which enhances the overall user experience. Unique bonuses, an appealing loyalty program, and a wide selection of crypto payment options make RakeBit an exciting new choice for crypto gambling enthusiasts looking for a new place to try their luck.

RakeBit Casino prides itself on being trusted, safe and secure. It boasts a VPN-friendly platform that offers confidentiality, with a multicurrency and multichain wallet. And, to sweeten the deal a bit more, there are recurring bonuses available along with a gamified progression scheme and a separate VIP system to reward the most loyal of players.

FAQ about RakeBit Casino

Getting started at RakeBit casino is easy and quick, especially if you’re familiar with online casinos and crypto deposits. This section will take a look at the registration process and some details about banking at RakeBit Casino.

Registration Process

The registration process at RakeBit was smooth and fast. All you need to do is provide your email address and a secure password.

After completing the registration form, you’ll receive a verification email to activate your account. The entire process takes under two minutes, so you can dive into the action right away.

Supported Cryptocurrencies at RakeBit Casino

RakeBit Casino supports a number of cryptocurrencies on different networks, catering to a range of crypto enthusiasts. Supported cryptocurrencies include:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Bitcoin Cash (BCH)
• USDT (TRC20, BEP20, ERC20)
• BNB
• TRX
• SOL
• XRP
• MATIC
• TON
• DOGE
• USDC

This extensive variety ensures secure and swift transactions, offering both deposit and withdrawal options for crypto users.

Deposits & Withdrawals at RakeBit Casino

For deposits, the minimum amount is approximately 2 USDT or other crypto equivalent, but varying slightly for each cryptocurrency. The following table outlines the minimum limits:

Withdrawal processing is quick, with near-instant crypto payouts depending on blockchain network traffic. Players can withdraw a minimum of about 10 USDT or equivalent in crypto, and high-level players can cash out up to 500,000 USDT. While RakeBit is a no-KYC platform for most users, they reserve the right to conduct KYC checks for specific cases, to enhance security.

RakeBit does reserve the right to pay winnings in installments, if they exceed 50,000 USDT, and they mention that they can modify their withdrawal fees without notice. However, we weren’t able to find any withdrawal fees explicitly mentioned, only a clause mentioning that should it apply, it will be visible in the withdrawals window.

RakeBit offers a few bonuses and promos for players. Here are their standard promos, but feel free to keep an eye out for more being added over time, as this is a new casino and a few things are still in development.

Welcome Bonus

New casino players at RakeBit receive Mega Free Spins with their first deposit. Here’s what you need to know:

• Offer: Free Spins for Gates of Olympus.
• Deposit amount: 100 USDT rewards you with 100 FS, 200 USDT will get you 150 FS and 300 USDT will get you 300 FS, the highest amount available.
• Wagering Requirement: 35x on your winnings from the free spins.
• Maximum Win Cap: 10x the amount of the bonus you initially received.
• Maximum Bet Amount: 10% of the bonus amount—betting more will lead you to forfeit any free spins remaining, any winnings and your initial deposit.
• Time to Complete: 10 days from registration - not activation!

Overall, this is not a terrible welcome offer, but the fact that it’s limited to free spins for a specific game is not great. We’ve seen much better.

If you’re someone who prefers sports betting, fret not—you can choose the Welcome Freebet promotion. Here are the basics:

• Deposit amount: 20 USDT (or equivalent) minimum.
• FreeBet: 50% up to 100 USDT.
• Minimum Odds: 1.7.
• Wagering Requirement: 8x.
• Time to Complete: 10 days from registration.

Tuesday reload bonus

The Tuesday Reload Bonus is built to accommodate both casino enthusiasts and sports bettors. Choose your preferred bonus and elevate your experience.

Sports Lovers Tuesday Reload Bonus: 50% FreeBet

• Minimum Deposit: 20 USDT (or equivalent).
• FreeBet: 50% up to 100 USDT
• Minimum Odds: 1.7.
• Wagering Requirement: 8x.
• Maximum Cashout: No limit.
• Validity: 1 day.

Casino Fans Tuesday Reload Bonus: Up to 200 Free Spins

• Minimum Deposit: 20/50/150 USDT (or equivalent).
• Bonus: 50/100/200 free spins.
• Maximum Cashout: 20/50/150 USDT, depending on your deposit amount.
• Wagering Requirement: 35x.
• Validity: 1 day.
• Eligible Game: Sugar Rush.

Friday Mega Bonus

Start your weekend with a bang using the Friday Mega Bonus. Whether you prefer the casino or sportsbook, this bonus is designed to maximize your gameplay.

Sports Lovers Friday Mega Bonus: 25% FreeBet

• Minimum Deposit: 50 USDT (or equivalent).
• FreeBet: 25% up to 150 USDT
• Minimum Odds: 1.7.
• Wagering Requirement: 8x.
• Maximum Cashout: No limit.
• Validity: 1 day.

Casino Fans Friday Mega Bonus: Up to 300 Free Spins

• Minimum Deposit: 20/50/150 USDT (or equivalent) - see Note below
• Bonus: 100/200/300 free spins, depending on your deposit amount.
• Maximum Cashout: 50/100/200 USDT, based on deposit amount.
• Wagering Requirement: 35x.
• Validity: 1 day.
• Eligible Game: Sweet Bonanza.

Note: The Minimum Deposit for this one was a bit fuzzy, as we found some conflicting information. When we contacted support, they didn’t seem to be too concerned about the discrepancy, saying simply that 50 USDT rewards you 100 Free Spins.

RakeBit Casino Referral Program

RakeBit Casino offers you the opportunity to earn passive income through its Referral Program. By sharing your unique referral link or code, you can invite friends to join the platform and earn 10% of the casino house edge from every wager they place. Commissions are calculated daily and paid out in USDT, ensuring secure and consistent earnings.

RakeBit offers a comprehensive VIP program for loyal players, providing exclusive rewards and benefits. Players join the program automatically and level up by placing bets, with each level offering increasing perks like rakeback, cashback, level-up bonuses, as well as special missions and minigames in what is known as the Missions Hub.

Every player starts off at Level 1, where they already benefit from perks like:

• 1% Rakeback
• 1% Cashback of up to 20 USDT or equivalent
• Basic missions in the Missions Hub.

It’s important to note that both Rakeback and Cashback come without wagering requirements, so you can withdraw your funds as soon as you receive them.

Reaching Level 2 will unlock the first level up bonus, which increases with each level. The higher you climb the ranks, the higher the percentage of rakeback and cashback you receive becomes.

The VIP program includes 21 five distinct levels, with the last one, RakeBit Whale, being the highest you can achieve on the platform. This level rewards players with the following:

• Instant Rakeback 25%
• Daily Cashback 25%, without max limit
• 40,000 USDT level up bonus, plus more undisclosed boosts
• Special missions, expanded store, and more minigames in the Missions hub.
• Personal VIP manager
• Higher Limits
• Secret Prizes
• Personal Bonuses

Though RakeBit mentions that you need to place bets to level up, it’s unclear how much of a turnover will qualify you for each level.

The Missions Hub

The Missions Hub is essentially the gamification corner of the platform, with additional quests and minigames that you can complete to earn rewards. The more you level up in this gamified progression scheme, the better the rewards you can receive.

You can access the Hub from the left sidepanel to get information about available missions, the leaderboard, tournaments and more. You can also access minigames like Spin the Wheel and Match X, where you have the chance to win more rewards. There is also a Store here where you can use the points earned from completing missions to buy different items, like Free Spins.

Slots: RakeBit offers an extensive slot library, featuring thousands of titles from over 50 renowned providers such as Pragmatic Play, Play’n GO, and Nolimit City. Players can browse games using advanced filtering options to find themes and high-RTP slots, with popular titles including Sugar Rush 1000, Book of Dead, and Le Bandit.

We would have liked to see a more detailed lobby, with some info on the slots readily available, without having to start each game to be able to compare.

Live Casino Games: The live casino section is powered by leading providers like Evolution Gaming and Pragmatic Play Live, offering games like Blackjack, Baccarat, and Roulette. Unique offerings such as MONOPOLY Live, Crazy Time, and Mega Ball enhance the live gaming experience. There are more than 300 live casino games to choose from, with tables for all kinds of bet limits, so there’s something for everyone.

RakeBit Originals: RakeBit also features more than 20 exclusive games and instant-win options such as Plinko, Keno, and Goblin Tower, adding variety to its portfolio.

Sportsbook Options: RakeBit’s sportsbook offers traditional sports betting as well as esports, covering major events in football, basketball, MMA, and more. This feature makes it a versatile choice for users interested in both casino gaming and sports wagering.

RakeBut Casino aims to provide a premium experience for its players. Here is what we have found out:

Customer Support

RakeBit Casino offers responsive, 24/7 customer support to assist players with any inquiries. The main support options include:

• Live Chat: Accessible via the website’s purple chat icon, live chat connects players instantly with support. The initial AI assistant response is fast, but not that useful, as we had to ask to speak with an actual person. After some effort, we managed to get our question answered, but initially the responses were dubious.
• Email Support: For detailed queries, players can reach out via email at support@rakebit.com. Response times are typically within a few hours, ensuring timely assistance.

Transparency at RakeBit Casino

RakeBit has a host of documentation, but we had some trouble with it.

• We were unable to find information on how exactly to level up in the VIP program (yes, wagering, but how much over how long is not made clear)
• The fact that RakeBit is a VPN-friendly casino is highly advertised, but the T&C’s list using a VPN as a bonus-fraudulent activity that may put both your initial deposit and potential winnings at risk.
• The T&Cs mention withdrawal fees, but there is no clear indication about what they are and when they apply.

Mobile App

RakeBit also has a mobile app that promises a few perks, compared to its desktop counterpart. According to RakeBit, using the app can make loading faster by up to a whopping 830%. You also get faster withdrawals, secret extra bonuses and a maximum level of security. The Install the App section includes information on how to go about it for both iOS and Android.

RakeBit doesn’t include any Responsible Gambling resources on their platform, and there is no responsible gambling policy section. The only thing we found was that clicking on the logo for BeGambleAware at the bottom of the page will link you directly to their website.

We found this to be a little lackluster, as most casinos tend to offer resources and tools to help people control their gambling so that it remains fun.

RakeBit Casino is a newer, smaller platform that hasn’t yet established a proven track record. However, it offers appealing features like extensive cryptocurrency support, a diverse game library, a sportsbook, and an engaging VIP Program, all of it also available in a mobile app.

However, there are some drawbacks, including limited regulatory oversight, unclear VIP progression, and a lack of responsible gambling tools.

With plans to introduce a native token, RakeBit’s platform economy could see significant changes in the future. If you’re looking to explore something new and promising, RakeBit Casino is worth a try.