Rakebit Review

The first thing I check when it comes to bonuses is how many of them offer something to us crash gamblers. Once again, I’m rather disappointed.

That being said, let’s kick things off with the welcome bonus.

Welcome to RakeBit: Up to 200 Free Spins Await!

While not crash-friendly, some free spins in Pragmatic Play’s Gates of Olympus slot don’t sound that bad, right?

Here’s how many free spins you can grab based on the amount you deposit:

• Deposit 100USDT – Grab 100 free spins
• Deposit 200 USDT – Grab 150 free spins
• Deposit 300 USDY – Grab 200 free spins

The winnings from these free spins come with a 35X wagering requirement, which is slightly below the industry average of 40X.

You also can’t place bets higher than 10% of your initial deposit, and you can’t withdraw more than 10X of your initial bonus amount.

Tuesday Reload Bonus & Friday Mega Bonus

Each Tuesday is a good day to make a deposit at RakeBit. With Tuesday’s Reload Bonus, here’s what you can receive for your loyalty.

Here are the key details and the two options for this bonus:

• Deposit Options: Minimum deposits are 50 USDT, 100 USDT, or 300 USDT
• Free Bet: 50% bonus up to 300 USDT
• Free Spins: 50, 100, or 200 spins on Sugar Rush by Pragmatic Play
• Minimum Odds: 1.7 for using the free bet
• Wagering Requirements: 35x the bonus amount
• Bonus Validity: 1 day

You can either opt in for the free bet or the free spins. The choice is yours!

To kick off your weekend, RakeBit also offers a similar package on Friday!

• Deposit Options: Minimum deposits are 100 USDT, 200 USDT, or 300 USDT
• Free Spins: 100, 200, or 300 spins on Sweet Bonanza by Pragmatic Play
• Free Bet: 25% bonus up to 500 USDT
• Minimum Odds: 1.7 for using the free bet
• Wagering Requirements: 35x the bonus amount
• Bonus Validity: 1 day

RakeBit Missions, Gummy Wheel & Store

Rakebit’s point-based missions add an exciting gamification element to the casino experience – similar to that of BC.Game casino.

Completing missions and earning points not only allows access to the casino store but also improves your leaderboard ranking and grants access to bonus games like the Gummy Wheel and Gummy Box.

Gummy Wheel and Store Rewards:

• Gummy Wheel: Spin to win various prizes.
• Gummy Box: Pick one of the 6 available loot boxes
• Store: Exchange points for free spins, additional Gummy Wheel spins, and other rewards.

The more you play, the more missions you complete, similar to the systems at BC.Game and BetFury. This kind of gamification is rare in traditional fiat online casinos but common in crypto casinos.

Rakebit VIP Club

Rakebit offers a non-exclusive VIP program that you automatically join upon signing up.

The program features five tiers:

1. Gummy Bear (Levels 1 — 5)
2. High Roller (Levels 6 — 10)
3. Diamond Hands (Levels 11 — 15)
4. Legendary Beast (Levels 16 — 20)
5. Rakebit Whale (Level 21)

Each tier offers progressively better rewards, such as instant and daily cashback, level-up bonuses, and an extended store, missions, and minigames.

Top-level RakeBit Whales receive a 25% daily cashback, 25% instant rakeback, and a $40,000 USDT level-up bonus. They also receive undisclosed exclusive bonuses.

RakeBit’s pink teddy bear mascot is the centrepiece of this casino’s design.

While the casino’s overall vibe is a bit silly, I don’t mind it since there are no flashy pop-ups or annoying banners that would distract me from what matters—the games.

The casino’s overall theme is dark, and its navigation scheme is pretty similar to that of casinos like Weiss and many others I have reviewed in the past.

You’ll find your wallet, deposit options, search bar, and player’s chat shortcut in the top sticky header board. Your account settings, VIP progress bar, and all the essential casino shortcuts and game categories are in the left retractable sidebar.

Continuing on the topic of design and interface, this casino’s bottom footer contains all the essential policies and terms and conditions. All the usual action, such as game icons and gameplay, takes place right at the center of your screen.

Talking about action, there’s more to be excited about at RakeBit.

Having both these features is something we’re only used to seeing at crypto casino giants like Stake!

Gameplay Experience

After playing all the available crash games and a good number of other games, I not only emptied my wallet (which wasn’t ideal), but I also found that this casino performs like a champ!

Despite chatting away with other players in the casino’s chatroom, the games performed without any hiccups.

RakeBit on Mobile

We can’t discuss RakeBit on mobile without mentioning the ‘Install the App’ option in the left sidebar menu.

Despite promoting this as an app, RakeBit offers nothing more than a shortcut to their otherwise fantastic native mobile browser app.

Is this a con? I wouldn’t say so. RakeBit still provides very clear instructions on how to install that shortcut and access their casino much faster. I appreciate the effort!

Creating an Account at RakeBit

Casinos like Stake tend to require extensive data and personal information from their players before they can make a deposit and play.

All you need to create at RakeBit is a valid email and a strong password. That’s it. You’re in and ready to make your first deposit.

P.S.: Be sure to take a moment and confirm your email when you have the time.

First things first, let’s check out RakeBit’s entire crash game selection:

• Pilot by Gamzix
• Pilot Cup by Gamzix
• Pilot Coin by Gamzix
• Aviator by Spribe
• NFT Aviatrix by Aviatrix
• Spaceman by Pragmatic Play
• Cash or Crash by Evolution Gaming
• Crash by Rakebit Originals
• Crash Fish by Duat Games
• Crash by Rakebit Originals
• Big Bass Crash by Pragmatic Play
• Balloon by Smartsoft Gaming
• Diver by Rakebit Originals
• Avia Fly by Rakebit Originals

Now, that being said, I’m sure you noticed there’s not one original crash game, but three that come from Rakebit Originals.

Those original games are developed and supplied by iNOUT games, and for the most part, they are amazing.

Both Diver by Rakebit Originals and Avia Fly by Rakebit Originals feature provable fairness, player’s chatrooms and dual betting interfaces with decent betting automation.

But the game I have serious beef with is the main game of the collection named ‘Crash by Rakebit Originals’.

Not only does this game open in a weird, broken window, where I have to scroll down to see the full game interface, but It also doesn’t feature provable fairness, there’s no betting automation, and the game just feels like it came straight from 2018.

That being said, the crash selection itself is pretty modest, with just 14 titles. Thankfully, all the key games are present.

Aviator by Spribe is one such example. It’s a classic game that a modern crypto casino just has to carry.

I’m also delighted to see both Spaceman and Big Bass Crash by Pragmatic Play included in their section. Both games are fantastic, and I’m sure you’ll have loads of fun playing them.

Last, but not least, perhaps the jewel of RakeBit’s crash selection is NFT Aviatrix by Aviatrix.

This next-gen crash game features in-game tournaments, rewards, modifiable airplanes, and even an NFT marketplace where you can sell your highly modified planes for profit as NFTs.

Compared to casinos like Fairspin or Wild.io that carry 40+ crash games, RakeBit’s collection isn’t competitive, but I will say they do include all the key titles that completely satisfied me.

Other Games at RakeBit

RakeBit offers over 7,000 games, including 24 exclusive Rakebit originals (three of which are crash games). While it doesn’t match the 10,000+ games at Bets.io, it features a variety of popular genres:

• Slots
• Crash
• Plinko
• Dice
• Live Casino
• Poker
• Blackjack
• Baccarat

The games come from 45+ providers, such as Hacksaw, NetEnt, Pragmatic Play, and Spribe, but they lack some favorites like Yggdrasil and BetSoft.

Slots dominate RakeBit’s game library, with more than 5,000 titles available, including classics like Sweet Bonanza and Gates of Olympus by Pragmatic Play.

The live casino section has 200+ games from Ezugi and Evolution which is considered a massive selection.

RakeBit’s biggest weakness is that it operates under a weak Costa Rica license, which affects its overall rating in the licensing department.

Even much newer casinos, like CryptoLeo Casino, have a Curacao license.

Nonetheless, my experiences with deposits and payouts were seamless, and from what I’ve read and researched, other players share the same experiences.

Licensing aside, RakeBit offers all the safety features one would expect from a modern crypto casino:

• Optional 2-factor authentication
• Session activity logs with detailed device and IP data
• Session update tool that cancels the session after a period of inactivity
• Sitewide SSL data encryption

I also like that RakeBit provides all the essential policies in great detail, which is a testament to its dedication to business transparency.

Does Rakebit Request KYC?

Rakebit generally does not require Know Your Customer (KYC) verification unless it suspects fraudulent activity.

This is typical for many crypto casinos, offering a relatively anonymous gambling experience compared to brands like Stake and Cloudbet, which have mandatory KYC processes.

However, Rakebit reserves the right to request KYC at any time, so it’s advisable to avoid signing up from restricted regions to prevent unexpected KYC requests.

Restricted Regions

Rakebit’s Anti-Money Laundering (AML) and KYC Policy section of the Terms and Conditions details a comprehensive list of restricted regions.

Here is a direct quote from their T&Cs:

The User guarantees at all times not to be a resident or citizen of countries including, but not limited to Australia, Cambodia, China, Costa Rica, France, Germany, Indonesia, Netherlands, Portugal, Russian Federation, Saudi Arabia, Singapore, Thailand, Ukraine, United Kingdom, United States and its dependencies and territories, Yemen(“Prohibited countries”).

Players from the following countries are not eligible to use the website and play its games. RakeBit will make all reasonable efforts to prevent players from these countries to reach the games.

Some geographical restrictions are also automatically applied to games from certain providers, and you won’t be able to play those games if you’re from a restricted jurisdiction.

Responsible Gambling

Unfortunately, Rakebit falls short in the area of responsible gambling. The casino’s responsible gambling measures are minimal:

• No self-exclusion toolkit
  Although players can request self-exclusion through live chat, there is no dedicated tool available on the site.
• No dedicated responsible gambling section
  The site lacks a section specifically focused on promoting responsible gambling practices.
• No betting or loss limits
  Players cannot set personal limits for betting or losses, which are important features for managing gambling behavior.

Given its long presence in the market, there is no excuse for Rakebit’s lack of robust responsible gambling measures.

Rakebit supports payments in 10 different cryptocurrencies:

• Bitcoin
• Ethereum
• Tether
• Litecoin
• Tron
• Bitcoin Cash
• Solana
• Dogecoin
• Ripple
• Toncoin

While this selection covers the main players that we covered in the past, it doesn’t compare to BC.Game’s offering of over 90 cryptos (not that you need that, but still).

Like many crypto-first casinos, Rakebit does not support fiat deposits or withdrawals and lacks an on-site exchange. If you don’t already have crypto, you can’t play here.

Rakebit Deposits

Rakebit’s deposit process is straightforward. When I deposited my Litecoin, my funds appeared in my account within a minute. There were no additional processing times or checks.

Here are the minimum deposit limits per currency:

As you can see, the minimum deposit limits are incredibly low, making this the perfect casino for everyday players, and there are no maximum deposit limits.

Rakebit Withdrawals

Withdrawing from Rakebit was as easy as depositing. Without needing to complete the KYC process, my LTC was back in my Coinbase wallet within a few minutes.

Here are the minimum withdrawal limits:

These limits are quite reasonable, especially for low-stakes players. However, there are some maximum withdrawal limits to be aware of if you’re a high roller or if you win big:

There is also a clause that for winnings of $50,000 or higher, Rakebit may pay in equal parts over 30 days, which might be a downside for high rollers. Additionally, there’s a clause allowing the casino to change the withdrawal fee without prior notice, which is concerning.

The one piece of information missing from RakeBit’s bonus terms and conditions is the game contributions toward the bonuses’ wagering requirements.

I did find a snippet somewhere on the site that said ‘Slots games contribute 100%’; however, it’s impossible for me to know how much crash games contribute, and according to my betting history, they don’t contribute 100%.

To find out about this, I contacted both live customer support and email support (both are currently only available in English). The result of my inquiry can be seen in the image below.

Not only did Carl not even try to understand my request, but he kept referring me to the casino’s Terms and Conditions, telling me I should find my answers there.

Needless to say, this should never happen, making this the biggest con of this casino so far. To add to that, I never received a word back from their email support. It’s been 5 days now, and I’m done waiting.

There is also no FAQ page or company blog that I could explore for quick answers like this.

On the bright side, RakeBit does maintain an active presence on the following platforms:

• X
• Telegram
• YouTube
• DeBank