In This Article
Rakebit is a crypto casino and sportsbook that launched in 2024. It takes deposits only in cryptocurrency, offers provably fair in-house games, and makes identity checks optional for many players, asking for them mainly at withdrawal.
It is licensed offshore, in Anjouan in the Union of the Comoros. In this Rakebit casino review we look at what that licence means, who the operator is according to the public register, and why we do not recommend Rakebit to players in the UK, the US, Canada, Australia or the EU, where it holds no licence.
We also cover how the bonuses, rakeback and VIP scheme work, the games and sportsbook, payments and withdrawal limits, and how to check whether any casino is licensed in your country. Gambling is for adults only: 18+ in most places and 21+ in some US states.
Quick Facts: Rakebit Crypto Casino
| Category | Details |
| Established | 2024 |
| Operator | Register: Nile King Media Ltd (rakebit.com). Site terms named Innovex Tech Holdings and Tech Group BL Limitada |
| Licence | Anjouan, ALSI-202602030-FI2 (offshore) |
| Licensed in the UK, US, Canada, Australia or EU | No. The site itself restricts the US and UK |
| Games Library | 4,000+ titles including Slots, Table Games, Live Casino & Sportsbook (site figure) |
| Supported Cryptos | BTC, ETH, USDT, LTC, ADA, XRP, DOGE, BNB, USDC and more |
| Supported Languages | English, Spanish, Portuguese, German |
| Min Deposit | Depends on the crypto. $2 for USDT |
| Max Withdrawal | Depends on payment method and VIP level; wins capped at $500,000 per transaction |
| Stated withdrawal time | Instant to 7 business days. Rakebit may pay winnings over $50,000 in equal parts over 30 days |
| Wagering requirements | 35x to 40x on bonuses |
| Customer Support | 24/7 live chat & email support |
Rakebit is a large crypto casino and sportsbook, but it holds only an offshore Anjouan licence and its own terms exclude players in the US and the UK. For readers in the UK, the US, Canada, Australia and the EU our verdict is clear: it is not recommended. What the site offers is broad. Players use Bitcoin, Ethereum or stablecoins, there is a third-party service for buying crypto by card, and the lobby covers slots, live tables, Originals and sports and esports betting in crypto. The rewards structure leans heavily on volume: rakeback and cashback rise to 25% for top VIP tiers, and level-up bonuses are paid as players stake more. That design rewards the heaviest players most, at a site where no regulator in our readers’ markets oversees how it treats them. The register entry for rakebit.com also names a different company from the one in the site’s terms, which is worth knowing before you rely on either. Positives Interesting Facts Winnings over $50,000 may be paid in parts over 30 days. This review sets out the facts about Rakebit: its licence and operator, bonuses and their terms, games, sportsbook, withdrawals and limits, and how it handles verification. It also answers the questions readers ask most, such as “Is Rakebit Casino legit?”, with what the public register actually shows. We based it on Rakebit’s published terms, privacy policy and bonus rules, together with the Anjouan licence register. We have not made claims about player opinion that we cannot check. Rakebit is a crypto casino with a built-in sportsbook, presented as a Web3 platform. Its terms named Innovex Tech Holdings Ltd of Anjouan as operator when we first reviewed it; the current register entry for rakebit.com is under Nile King Media Ltd. The lobby lists over 4,000 casino titles, from slots to blackjack, baccarat and roulette, plus Rakebit Originals such as Mines, Dice and Limbo, which use provably fair mechanics. Live dealer tables come from Evolution and others, and there are sports, esports and instant games. When we reviewed it, new players were offered a 100% first-deposit match up to $4,000, and VIP players could earn up to 25% rakeback. Payments run in coins such as Bitcoin, Ethereum, Tether, Litecoin, ADA and Dogecoin, and a third-party service on the site sells crypto for card, Apple Pay or Google Pay payments. Rakebit describes its payments as trackable on the blockchain. That is true of the transfers themselves, but a public transaction record does not help a player recover money if a casino refuses to pay; only a regulator or a court can do that. Casino bonuses are designed to get players to deposit and keep playing. The parts that matter are the wagering rules, the time limits, the maximum bets and which games count. We describe Rakebit’s offers below so the terms are clear. This is not a recommendation to claim them, and an offshore casino can change its offers without any regulator in your country reviewing them. When we reviewed it, Rakebit offered new players a 100% match of up to $4,000 on a first deposit, with a stated minimum of $20 in crypto. Casino and sportsbook deposits were both eligible. The welcome bonus carried 40x wagering, so a $100 bonus would need $4,000 in bets before any winnings from it could be withdrawn. Rakebit says it may change its bonus policy at any time. Rakebit occasionally runs no-deposit rewards labelled Freechips, Freespins and Freebets. They do not need a deposit to receive, but they are not free money in practice. How each one works: These rewards carry 35x to 40x wagering, and any winnings can only be withdrawn after a deposit is made. In other words, a no-deposit offer is a route to a first deposit. Ongoing promotions include tournaments, giveaways such as a Friday Mega Bonus, weekly races, Original Games tournaments and limited-time event offers, sometimes run with partner brands. A referral programme pays up to $100 for inviting friends who reach higher player levels, and a Weekly Race shares a $2,000 prize pool among the players who stake the most on slots. Leaderboard races reward volume, not skill. Rakebit’s VIP programme moves players through ranks named Rake Bear, High Roller, Diamond Hands, Legendary Beast and Rakebit Whale as they wager more. Each level unlocks rakeback, daily cashback and level-up bonuses that the site says can reach $40,000 USDT. Top-tier members get personal bonuses, higher limits, a VIP manager, special events and up to 25% cashback and rakeback. Because these rewards grow with the amount staked, the strongest incentives go to the players who bet, and usually lose, the most. Each Rakebit offer carries 35x to 40x wagering. Bonuses must be activated before depositing and used within 7 to 10 days depending on type. Only one bonus can be active at a time, and jackpot games stay locked until wagering is complete. The terms ban bonus abuse, including multiple accounts and VPN use, and limit each bonus to one per person, household or IP address. Withdrawing before wagering is complete cancels the bonus and any winnings from it. Rakebit’s lobby is split into slots, table games, live casino, Rakebit Originals, crash and arcade games. Navigation is quick, which also means it is easy to move from small stakes to high-stakes tables in a few clicks. Slots come from Hacksaw, Pragmatic Play, Nolimit City, BGaming, Spinomenal and PG Soft, among others. Titles promoted in the lobby included Wild Bounty Showdown, Fortune Gems 2, Mahjong Ways 2, Black Wolf 2 and Treasures of Aztec, along with seasonal games for events such as Halloween. The lobby mixes higher-RTP slots with high-volatility games. Provably fair checks apply to Rakebit’s own Originals; third-party slots rely on the studios’ own certified random number generators. Either way, RTP is a long-run average and short sessions vary widely. The live casino offers blackjack, roulette, poker, baccarat and other classics with human dealers, played in Bitcoin, Ethereum, Bitcoin Cash, USDT and other coins. Tables include titles such as Lightning Roulette and VIP Blackjack, with limits from low stakes to high-roller levels. Crash and arcade titles such as Aviator, JetX and Cricket Crash have very short rounds and simple rules. Because a round can be over in seconds, these games make it easy to place a large number of bets quickly. Slots and table games come from studios including Hacksaw Gaming, Pragmatic Play, Nolimit City, Play’n GO, Red Tiger and BGaming, while live content comes from Evolution, Ezugi, Winfinity and Platipus. These studios’ licences cover their own businesses, not Rakebit’s. Games load quickly across devices, from high-volatility titles such as Fire in the Hole 3 and Home of the Brave to Legacy of Dead. A “Try for fun” mode lets players test games without staking crypto. The lobby keeps New, Popular, Originals and seasonal lists such as SixSixSix and Spooky Halloween, and adds crash, arcade, video poker and table games. A downloadable desktop app is also offered. The main game types at Rakebit are: Rakebit’s sportsbook sits on the same wallet as the casino, covering football, basketball, tennis, MMA, boxing and esports such as CS:GO, Dota 2 and EAFC. Bets are placed in Bitcoin, Ethereum, USDT, USD Coin and other coins. The sportsbook operates under the same offshore licence as the casino; in the UK and other regulated markets, betting operators need a local licence, and Rakebit’s own terms exclude US and UK players. Odds update in real time for pre-match and live events, and minimum stakes start at around $2 in crypto. Maximum stakes vary by market. We have not compared Rakebit’s prices with licensed bookmakers, so we make no claim about their value. The sportsbook offers in-play betting, early cash-out, statistics and bet tracking, with single, combo and system bets. Cash-out and in-play markets let players change positions quickly as a match unfolds. Used without a plan, that speed can turn one bet into many. Esports markets deserve particular care. Many esports fans are young, and licensed bookmakers in regulated markets must verify that customers are adults before taking any bet. With optional KYC, that safeguard depends on the operator’s own policy. Rakebit’s terms, when we reviewed them, said it was owned and operated by Innovex Tech Holdings Ltd, registered in Anjouan, Union of the Comoros, with payments handled by Novaflow Processing of Cyprus and the website owned by Tech Group BL Limitada of Costa Rica. The Anjouan licence register tells a different story for the domain. On 5 October 2026 it listed rakebit.com under Nile King Media Ltd, licence ALSI-202602030-FI2, valid from 18 February 2026 to 17 February 2027. Innovex Tech Holdings Limited holds a separate Anjouan licence (ALSI-202504026-FI1) whose listed domains do not include rakebit.com. An Anjouan licence lets a company operate from Anjouan. It does not authorise Rakebit to offer gambling in the UK, the US, Canada, Australia or EU countries, and we do not present it as an alternative to a licence from your own regulator. Provably fair games let players check that an Originals round was not altered after the bet. They do not show the house edge, and they do not replace a regulator that audits how player funds are held or handles complaints. Rakebit’s privacy policy names Tech Group BL Limitada as data controller and Sum And Substance Ltd, a UK-registered company, as data processor for verification. The policy says it follows the GDPR, collects contact and account details, wallet addresses and KYC documents, and lets users access, edit or delete their information, with a data protection officer overseeing compliance. Enforcing those rights against a company based in Costa Rica may be harder in practice than against a local business. Rakebit is a young brand, launched in 2024. Its marketing stresses fast payouts and global access, but it has no licence in the markets most of our readers live in, and its own terms exclude the US and the UK. We have not found independent, verifiable data on Rakebit’s complaint handling. Without a regulator publishing figures, a casino’s reputation rests on what players report informally, which is hard to check. Rakebit offers 24/7 live chat and email. Chat connects to agents who handle account and withdrawal questions, usually within minutes according to the site. Operator support is not an independent complaints service. If you have a dispute with any offshore casino, keep evidence: screenshots of your balance and of the terms you accepted, chat transcripts, and the transaction hash of every deposit and withdrawal. Without a regulator to turn to, that record is often all a player has. Rakebit lets players register with an email address and password, or through a Google or Telegram account. Users confirm they are 18 or older, and the site may ask for KYC documents before some withdrawals under its anti-money-laundering rules. Optional verification is not a benefit to the player. Licensed operators must verify age and identity up front to keep minors out, prevent fraud and spot signs of harm. We do not publish sign-up or deposit guides for offshore casinos; the guide below explains how to protect yourself before using any crypto gambling site. Work through these checks before sending money to any gambling site. Note the company name, licence number and licensing authority. If the footer and the terms name different companies, ask why. Search the authority’s own register for the company and the exact domain. For Anjouan that is the public licence register; for Great Britain it is the Gambling Commission’s. An offshore licence does not cover the UK, the US, Canada, Australia or EU countries. If your country licenses gambling, look for an operator on your own regulator’s list instead. Many offshore casinos, Rakebit included, exclude the US and the UK in their terms. Playing from an excluded country can lead to winnings being voided. Look for maximum wins, maximum withdrawals and instalment rules such as paying large wins over 30 days. A blockchain transfer cannot be recalled by a bank. If something goes wrong, there is no chargeback. Decide in advance what you can afford to lose and keep the details of a support service, such as Gambling Therapy, to hand. Rakebit’s payments are crypto-based for both deposits and withdrawals. Transfers are recorded on the blockchain, but blockchain records are not consumer protection: they show where coins went, not whether a casino was right to keep them. The cashier lists BTC, ETH, SOL, XRP, LTC, TRX, ADA, XLM, BNB, TON, DOGE, LINK, SUI, POL, BCH, SHIB, DAI, USDT and USDC, on networks including Ethereum, Solana, Toncoin, Tron and Binance Chain. A third-party fiat-to-crypto processor is built into the site for players without coins. Most licensed operators in regulated markets do not take crypto at all because of anti-money-laundering and source-of-funds rules. Minimum deposits vary by coin and are around $2 in value, for example 0.00007 BTC, 0.0009 ETH, 0.02 LTC or 2 USDT on Tron. Deposits below the minimum are not credited. Bonus eligibility can have a higher threshold. Minimums this low make it easy to keep topping up in small amounts, so set a limit before you start. Rakebit says most withdrawals are approved within minutes to a few hours, depending on the blockchain. It may require KYC, and withdrawals can take up to 7 business days if its anti-fraud checks are triggered. We have not verified these times. Withdrawals are also subject to wagering requirements, daily and monthly limits, the $500,000 per-transaction cap, and the right to pay wins over $50,000 in instalments over 30 days. Rakebit uses a dark, responsive interface that moves between casino games, live tables and sports betting from one dashboard, with bonuses, withdrawals and support a click away. The interface shows a live balance, a crypto price monitor, a quick deposit widget and game filters. Players can save favourites, track wagering progress and switch languages without reloading. A quick deposit widget on every screen makes topping up effortless, which is convenient and also a reason to set deposit limits in the account settings. Rakebit runs in Android and iOS mobile browsers. A free desktop app is available, but there was no mobile app at the time of writing. For anyone living in a country that licenses gambling, an account at Rakebit sits outside the protections that country provides: To find a licensed operator, use the Gambling Commission public register in Great Britain (18+), the New Jersey Division of Gaming Enforcement (21+) or your state regulator in the US, or the MGA licensee register and your national regulator in the EU. Much of Rakebit’s appeal rests on two features: crypto-only payments and light identity checks. Both are the reverse of how licensed markets work, and it helps to understand why. Licensed operators in places such as Great Britain, New Jersey or Ontario must know who their customers are before they gamble. Checking age keeps children out. Checking identity and, where needed, the source of funds is required by anti-money-laundering law and helps operators spot customers who are spending more than they can afford. Crypto makes those checks harder. A wallet address does not reveal its owner, coins can pass through several wallets in minutes, and stablecoins move across borders without a bank in between. That is why most licensed operators either do not accept crypto at all or accept it only under strict conditions. Volatility is a second issue. A balance kept in Bitcoin or another coin can lose value against your home currency while it sits in a casino account, even if you never place a bet. None of this makes owning crypto illegal. It means that crypto-only gambling at an offshore site like Rakebit happens outside the system designed to protect players, and the player carries the risks a licensed operator would otherwise have to manage. If gambling is becoming a problem, free and confidential support is available. Gambling Therapy helps people in any country online. In the UK, the National Gambling Helpline is open 24/7 on 0808 8020 133, as listed on the NHS gambling addiction page. In the US, call 1-800-MY-RESET or visit the National Council on Problem Gambling. Rakebit is a fast crypto casino and sportsbook with a large lobby, volume-based rakeback and a welcome match of up to $4,000. It also carries 35x to 40x wagering, payout caps and instalment rules, and optional identity checks. Most importantly, it is licensed only in Anjouan, the register lists a different company for rakebit.com than the one named in its terms, and it is not licensed in the UK, the US, Canada, Australia or the EU. We do not recommend Rakebit to players in those markets. Use an operator licensed by your own regulator and check the licence yourself. Rakebit holds an offshore licence from Anjouan. The Anjouan register lists rakebit.com under Nile King Media Ltd (ALSI-202602030-FI2), while the site’s terms have named Innovex Tech Holdings Ltd. It is not licensed in the UK, the US, Canada, Australia or the EU, its own terms exclude US and UK players, and we do not recommend it. Rakebit supports BTC, ETH, USDT, LTC, ADA, XRP, BNB, DOGE, TRX, and more for both deposits and withdrawals. Yes. Rakebit works smoothly on Android and iOS mobile browsers, with no dedicated smartphone app download required. Rakebit lets many players register without identity checks and may ask for KYC documents before larger withdrawals. Licensed operators in regulated markets must verify age and identity before you play, which is one of the protections you lose at an offshore site. The minimum deposit depends on the cryptocurrency token. For example, USDT stablecoins are subjected to a minimum deposit worth $2. Withdrawal limits depend on the cryptocurrency and VIP level. Rakebit offers deposit limits, time-outs and self-exclusion inside the account, and only allows players aged 18 or over. National self-exclusion schemes such as GAMSTOP do not apply to it. For independent help, contact Gambling Therapy (gamblingtherapy.org) or your national helpline. Rakebit provides 24/7 live chat and email support at [email protected] for quick help anytime. Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days. Weekly Research Monthly readers Expert contributors Crypto Projects Reviewed99Bitcoins Verdict on Rakebit
Negatives
Key Takeaways
Rakebit Gambling Site: Summary
What is Rakebit Crypto Gambling Site?
Rakebit Casino: Pros and Cons
Pros
Cons
Bonus & Promotions
Welcome Bonus
No-Deposit Bonus
Rakebit Casino Promotions
VIP Program
Rakebit Bonus Terms & Conditions to Consider
Games Library at Rakebit Crypto Casino
Slots
Live Casino Games
Other Games
Software Providers
Game Quality & Diversity
Gaming Options Overview
Sports Betting at Rakebit Casino
Odds Quality & Limits
Betting Features & Tools
Rakebit Casino Review: Who Runs the Site
Rakebit Casino Review: What the Anjouan Licence Covers
Privacy & Data Handling
Reputation
Customer Support: How Helpful Is Rakebit’s Team?
Registration & Verification at Rakebit Casino
How to Vet Rakebit or Any Crypto Casino Before Depositing
Read the operator details in the footer and terms
Look up the licence on the official register
Ask whether that licence covers your country
Check the excluded countries list
Read the caps and payout rules
Understand that crypto payments are final
Set a budget and know where to get help
Banking Options at Rakebit Casino
Accepted Payment Methods
Minimum Deposit
Payout Times
Design & Usability of Rakebit
Interface & User Experience
Mobile & App Options
Rakebit Casino Review: Your Position as a Player Under an Offshore Licence
Rakebit Casino Review: Crypto Gambling and Identity Checks Explained
Rakebit Casino Review: Where to Find Help
Conclusion
Primary sources
FAQs
Is Rakebit casino legit or a scam?
What cryptocurrencies does Rakebit casino accept?
Can I play Rakebit Casino on mobile?
Does Rakebit casino require KYC verification?
What are the minimum deposit and withdrawal limits at Rakebit?
Does Rakebit casino support responsible gambling?
What customer support options does Rakebit casino offer?
References
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