RakeBit Casino Review

Item: RakeBit
Rating: 5.6

A rising crypto casino with a good variety of slots

Casinomeister’s Verdict

RakeBit online casino is packed with a well-rounded slot collection and a decent stash of bonuses to spice things up.

But, there are a few warning signs that we just couldn’t brush aside. One part of their terms says one thing, and another says the opposite, they offer absolutely nothing in the responsible gaming field, and there’s zero information on withdrawal limits on their website.

Whether these concerns are deal-breakers or minor annoyances depends on your risk tolerance.

If you’ve already, by any chance, played at RakeBit casino, don’t forget to let us know how it went on our forum.

Crypto Casinos Grey Zone

Fast withdrawals

5.6

N/A

Website

rakebit.com

Owned By

Altaris Ltd

Year established

2024

Deposit methods

Binance, Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, Ripple, Solana, Tether, Tron, USD Coin

Casino licences

Costa Rica

Languages

English, French, German, Portuguese, Japanese, Spanish, Russian

Affiliate program

Rake Partners

Mobile App

IOS, Android

Game software

Pragmatic Play, Evolution Gaming, NetEnt, Nolimit City, Spribe, Wazdan, BGaming, Relax Gaming, Red Tiger Gaming, Spinomenal, Hacksaw Gaming, Evoplay, 3 Oaks Gaming, NetGaming, Novomatic, Platipus, Playtech, GameBeat, Ezugi, Play’n GO, SmartSoft Gaming, Aviatrix, Betsolutions, Pocket Games Soft, BF Games, Big Time Gaming (BTG), Booming Games, Endorphina, Fantasma Games, Fuga Gaming, Gaming Corps, Gamzix, Habanero, High5, Jili, Kiron Interactive, Mancala Gaming, Tom Horn Gaming, Blueprint Gaming, TrueLab, Avatar Ux

Game type

Slots, Table Games, Blackjack Games, Baccarat Games, Roulette Games, Live Casino Games

Withdrawal Methods

Binance, Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, Ripple, Solana, Tether, Tron, USD Coin

Currencies

Bitcoin Cash, Binance, Bitcoin, Dogecoin, Ethereum, Litecoin, Solana, Tron, USDC, Tether, Ripple

Withdrawal fees

Weekend Cashouts

Yes

Support email

[email protected]

Live Chat

Yes

FAQ

Deposit Limit Tool

Cooling off/time out tool

Yes

Wager Limit Tool

Reality check tool

Loss Limit Tool

Self Assessment Test

Time/session Limit Tool

Withdrawal lock

Self-exclusion Tool

Self-Exclusion Register Participation

Loyalty Program

Yes

Payout Limits

Not stated

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From the Desk of Max Drayman

MaxD

Ok, let’s get straight to the point: how is a casino claiming to be licensed in Costa Rica supposedly “governed by the Laws of Curaçao” but any court action is to be resolved “in accordance with the laws of England and Wales”? Is that even possible? Or is it just some random nonsense posted on the casino’s site to confuse the innocent and unwary? My guess would be the latter. In any case we have no direct experience with RakeBit, nothing of consequence with their sister casino Gamix, and only what we see on their site to go by. Frankly it looks a bit of a mess to me but it’s your money at stake so proceed at your own risk.

First Impression

Once you hit RakeBit’s homepage, you’ll be instantly drawn into their flashy, neon-charged vibe. Not exactly your old-school, classic casino experience, but some people like it, and we’re not the ones to judge.

Their license is not exactly spelled out right there on the homepage, so we had to dig a bit deeper to find out they hold a Costa Rica license. A fairly loose jurisdiction, but it’s not the first time we see it.

Still, what we saw right away was just an initial take — for the sake of staying true to our casino reviews methodology, we needed to pick apart every little detail of RakeBit casino, and you can read all about it in the rest of this casino review.

Pros

Great variety of slots
Quick withdrawals
Anonymous play

Cons

No responsible gaming tools
Withdrawal cap depends on VIP levels

Bonuses and Promotions

RakeBit online casino runs a standard deal — there’s the welcome bonus, cashback, reload, free spins, and time-limited seasonal promotions.

Welcome Bonus

Once you sign up at RakeBit, you get to claim their welcome deal — 100 USDT bonus. All you have to do is deposit 100 USDT in order to get 100 USDT in bonus. The wagering requirements are capped at 25x (just the bonus amount).

While the wagering requirements are definitely fair, such a low max cashout is nowhere near the best in its category — especially if you’re aiming for big withdrawals. Plus, having to bet 2,500 USDT just to clear 100 USDT in winnings feels like a high effort low reward scenario.

No-Deposit & Free Spins Offers

At the time we were putting this casino review pen to paper, RakeBit didn’t offer any free rides — so no no-deposit or no-deposit free spins deals. If they decide to surprise us and rethink giving out some free deals, we’ll be glad to update this casino review.

VIP and Loyalty Programs

At face value, it seems like RakeBit has devised a 21-tiered VIP program, but it’s technically a 5-step ladder since several levels offer identical prizes.

There’s cashback, mini-games, level-up bonuses, secret prizes, and ‘other undisclosed boosts,’ as they say. Why all the mystery? It beats us.

To join their RakeBit VIP Club, or ‘receive an exclusive invitation’ as they say, you’ll need to make a minimum 1000 USDT deposit in one day. Although we’ve been around the block, and most terms don’t shock us anymore, giving perks based on massive deposits instead of loyalty is far from player-friendly behavior.

If you’re a high-roller who always makes large deposits, we’d say this could give you a bang for your buck, but for everyone else, the deal is questionable at best.

Banking & Payment Methods

Since RakeBit is essentially a crypto casino, you don’t get many payment options here. The usual fiat processors are missing, so you’ll see nothing but Tether, Bitcoin, Litecoin, Solana, Ethereum, and such.

The minimum deposit largely depends on the crypto option you go with, varying from 0.00007 BTC to 4 CORE.

Withdrawal Speed

Once you’re ready to cash out, at RakeBit casino you’ll be able to withdraw your winnings using the same method you’ve used for deposits.

Speed-wise, as it always is with casinos supporting crypto, you won’t have to wait that long to see your withdrawals reflected in your account. Cashouts range from instant to a max of a 48-hour wait, so nothing problematic there.

Where they drop the ball, though, is in the payout limits section. They’ve hidden this info so well that it feels like they almost don’t want you to know it. The only part they’ve made crystal clear is that the ‘maximum amount for withdrawal depends on your VIP level.’

We’re not the ones to jump to snap conclusions, but when casinos keep really important information buried, and/or impose a tiered withdrawal system, something shady could be going on in the background.

Responsible Gaming

Responsible gaming-wise, there’s nothing to write home about. And when we say nothing, we really mean nothing.

There’s no Responsible gaming page anywhere on RakeBit’s website, and you won’t find them in your profile settings. Also, customer support told us straight away that they don’t have any such features.

This is downright unacceptable for so many reasons that we cannot even begin to list them all here. We’ll just say that players who may have gambling issues will need to be extra careful if they decide to play at RakeBit.

Customer support

You can get in touch with RakeBit’s customer support using their live chat option or by sending them an email. But before you do, keep in mind that RakeBit’s customer support doesn’t exactly shine when you’re looking for a quick response.

First, you’ll have to deal with their chatbot which will insist on chatting with you a couple of times before finally getting you to a real person. Then, once you do finally get connected to a customer support representative, you may need to go back and forth with them until you get the answer you need. That’s what happened to us, and we tried contacting them many times on several different occasions.

KYC

In theory, you could trigger the identity check process at Rakebit if you deposit less than $2,000. Their customer support, though, states that players don’t need to provide any information to start playing or making withdrawals.

Since this strange wording can sometimes mean that they could delay or reject your withdrawals at any time by requesting verification out of nowhere, we recommend uploading your documents right away.

You’ll need to provide a copy of your passport or ID and a clear photo of yourself.

The tricky part is that you can’t just upload these documents directly — you’ll have to reach out to customer support to get a link for the KYC process. With all these loopholes at play, it all points to one thing — if verifying your identity is this tricky, it’s probably not by accident.

RakeBit Casino Experience and Features

When you step onto RakeBit’s homepage, a pink bear mascot is right there to welcome you. Everything’s black and neon pink, the left-hand menu leads you to all their game categories, promotions, VIP club, and live chat. Overall, clean and well-designed.

Feature-wise, there’s nothing out-of-average. You can search for your favorite game and/or software provider using the search bar, and that’s about it.

There’s also a RakeBit casino app, but the installation process is not as intuitive as you’d expect, and you won’t find it in the App Store or Google Play. If you think going through some extra steps is a pain, you might be better off just using RakeBit in your phone’s browser. Everything works like a charm that way, too.

Brand Games

Game Providers

RakeBit online casino lists twentyish software providers on their website. There’s Pragmatic Play, Evolution Gaming, NetEnt, Nolimit City, Spribe, BGaming, and several others. Although it’s always praise-worthy to pair up with big-name game developers, we’d still like to see RakeBit step up their game a bit and make this list lengthier in the foreseeable future.

RakeBit Slots

How many slots RakeBit casino has in store is tough to say for sure, but we’ve seen some familiar faces nonetheless. There’s Red Tiger’s Wild Circus, BGaming’s Wild Chicago, Spinomenal’s Trojan Tales, Gamzix’s Egypt Sphere, and the like.

We’d love to see RakeBit slots sorted out a bit better since that would prevent having to scroll up to infinity, but the search bar does the trick if you know what you’re looking for.

Live Casino

RakeBit’s live casino section is stacked with Evolution Gaming titles. You’ll find Free Bet Blackjack, Instant Roulette, Crazy Pachinko, Craps, Speed Baccarat, and many more.

There are also titles delivered by BetSolutions, Pragmatic Play, Ezugi, Relax Gaming, and several others.

Something we can never complain about is separating live dealer games from game shows, and thankfully, RakeBit casino has got this one right. Once you head over to their Game shows section, you’ll spot titles such as Crazy Time, Gonzo’s Treasure Map, Funky Time, Extra Chilli Epic Spins, and around 30 more.

About the RakeBit Team and History

RakeBit casino is run by Tech Group BL Ltd., a company based in Costa Rica, with one more brand as part of their ecosystem — Gamix Casino. They hold an active Costa Rican gambling license and seemed to have been running a fair game.

Complaints and Track Record

As we always do when rating casinos in our casino reviews, we looked into RakeBit’s complaints and track record. Unsurprisingly, since they’re a newly established brand, there was nothing there.

Yet, the lack of complaints doesn’t always mean the air is clean, especially considering Max’s input on how messy and confusing the info on their website is.