Casino review Live data · 29 Oct 2026
Rakebit review: a Bitcoin-only casino with 58 studios and free spins
2017 Founding year · On our list since 21 Oct 2024 · Established casino
Rakebit has run since 2017 as a crypto casino. Your balance is held in Bitcoin, and deposits go through Binance, BitPay and Bitcoin Gold, so you need a crypto wallet or exchange account before you start.
It states a Costa Rica licence. Costa Rica has no online gambling regulator, so no gaming authority stands behind the brand if a withdrawal goes wrong.
- Bitcoin balance
By Sofia Kuznetsov | Updated 19 Oct 2026
Short answer
Should you try Rakebit?
Rakebit suits players who already hold Bitcoin and want a broad slot library on a phone app. The weak points are the licence, which gives you no regulator to complain to, and the missing withdrawal list. Start with a small deposit and cash out once before you build a balance.
- Founded
- 2017 on our list since 21 Oct 2024
- Licence
- Costa Rica Gambling License stated by the casino
- Studios
- 58 median for new casinos: 40
- Blocked countries
- 9 in the casino's terms
New-brand check
Rakebit against our six new-brand checks
Green means our data confirms it. Amber means you check it, or we have not yet; red means it is not in our data.
-
Licence on the regulator's register
A logo in the footer proves nothing. The licence number and company name must appear on the regulator's own register, with the same domain.
Copy the licence number from the casino's footer and search it on the regulator's public register. Some regulators publish no searchable register; then ask support for the certificate.
Stated: Costa Rica Gambling License · register check pending -
Full terms and conditions published
The general terms, not only the bonus terms, set the rules for withdrawals, inactive accounts and account closure.
Find the terms link in the footer before you register and check that the terms carry a date.
Terms link not on file -
Withdrawal terms in writing
Weekly and monthly caps, pending times and the KYC trigger decide how fast a win reaches you.
Read the payments section of the terms before the first deposit. Note the weekly cap and the documents asked for.
Not in our data yet -
Bonus terms you can read before claiming
Wagering, max bet, game weighting and the cap on winnings decide what a welcome offer is worth.
Open the bonus terms from the offer page. If they only appear after deposit, skip the offer.
You check -
A first small withdrawal
The cheapest test of a new casino is a small cash-out early, before you build a balance.
Withdraw a small win to the method you deposited with and note the time to payment.
We'd measure -
Responsible gaming tools
Deposit, loss and time limits plus self-exclusion should be in the account menu from day one.
Set a deposit limit before you claim anything; if you cannot, treat it as a warning.
Not in our data yet
Status from Rakebit's details on our list, read 29 Oct 2026.
Similar casinos
Casinos with a similar game library
Casinos on our list that share most of the 58 studios Rakebit lists, and its licence where they state the same one.
Studio lists and licences as stated in each casino's review on our list, read 29 Oct 2026. Matching uses the full studio list, never ownership.
Welcome offer
What 200 Free Spins is worth
Rakebit's welcome offer is 200 free spins with no bonus money attached. What they are worth depends on the value of each spin and the wagering on spin winnings, and whether a deposit unlocks them; take all three from the bonus terms. The examples use 10 and 20 cents a spin for illustration.
Rakebit offer worksheet
WorksheetSet the bonus part you would claim. The default is a first-deposit example, not the casino's terms.
200 spins at €0.10 win about €19.20 on average. Wagering that 40 times means betting €768.00, which costs about €30.72; on average €0.00 is left to cash out.
Average over many players · terms vary by casino| Spins | Wagering | Average winnings | To wager | Expected cost | Expected cash-out |
|---|---|---|---|---|---|
| 200 × €0.10 | None | €19.20 | €0.00 | €0.00 | €19.20 |
| 200 × €0.10 | 35x | €19.20 | €672.00 | €26.88 | €0.00 |
| 200 × €0.20 | 40x | €38.40 | €1,536.00 | €61.44 | €0.00 |
Worked examples at 96% RTP; example terms, not a casino's offer.
Since launch
What changed at Rakebit since it joined our list
A changelog of facts we track per casino. No material change is on file for this casino yet; the dates below are from our list.
- Details last updated Studios, payments and offer on our list
- Joined our list Founded 2017 · Costa Rica Gambling License
For a new casino, change is the signal: a shrinking offer, a new licence or a dropped payment method in the first months tells you more than a launch press release.
Payments
3 deposit methods, withdrawals not on file
Deposit methods listed for Rakebit: BitPay, Binance, Bitcoin Gold.
As listed in Rakebit's details on our list, read 29 Oct 2026.
Games
58 studios listed
The median new casino on our list lists 40 studios; older casinos list 32.
Named studios: Pragmatic Play, NetEnt, Evolution Gaming, Betsoft, Quickspin, Play'n GO, Nolimit City, Playson, Red Tiger Gaming, Endorphina, Relax Gaming, Yggdrasil Gaming, Wazdan, Booming Games, Habanero, Big Time Gaming, Spinomenal, Hacksaw Gaming, BGaming, Playtech, Amatic, Elk Studios, Ezugi, Tom Horn Gaming and 34 more.
Live tables come from Evolution Gaming, Ezugi.
Live tables come from Evolution and Ezugi, and crash and instant games from studios such as Aviatrix and SmartSoft Gaming.
As listed in Rakebit's details on our list, read 29 Oct 2026.
Who it suits
Who Rakebit suits, and who should skip it
Players who already hold crypto
A Bitcoin balance and deposits through Binance or BitPay.
Slot players who like variety
58 studios, including Hacksaw Gaming, Nolimit City, Elk Studios and Big Time Gaming.
You want to play in your own currency
There is no fiat account, so every win moves with the Bitcoin price.
Questions
Rakebit: questions
Is Rakebit a new casino?
No. It states 2017 as its founding year.
Is Rakebit licensed?
It states a Costa Rica gambling licence. Costa Rica has no online gambling licence. Casinos based there hold a general business licence, so there is no gaming regulator to complain to and no gaming register to search.
What is the Rakebit welcome offer?
The offer listed is 200 Free spins. Read the terms for the spin value, whether a deposit unlocks the spins and the wagering on winnings.
Can I play at Rakebit with dollars or euros?
No. The only account currency is Bitcoin, so you convert before you deposit and after you withdraw.
Which countries can't play at Rakebit?
Its restricted list includes the United Kingdom, the United States, Portugal, Singapore, Thailand and Ukraine. Check the terms for the full list.
Does Rakebit have an app?
It is tagged with both an iPhone and an Android app. Download apps only from the casino's own site or the official store.
Responsible gaming
Play only if you are 18+ and it stays fun
These rules apply on every page of this site. A longer track record helps, but limits matter at every casino.
Adults only, everywhere
You must be 18 or older, and older in some countries. A casino can ask for ID before your first withdrawal, and new casinos often do.
Responsible gamingStart small with an unknown casino
Deposit an amount you would accept losing to a failed withdrawal, and request a small cash-out early to see how the casino handles it.
How we review new casinosSet limits before the welcome offer
Bonus wagering keeps you playing longer. Set a deposit limit and a time limit in the account before you claim.
Set your limitsFree, confidential support
If playing stops being fun, talk to someone. Gambling Therapy offers free support in many languages.
Gambling Therapy · Addiction help