CoinCasino vs Rakebit Comparison
General Information
Description
CoinCasino launched in 2024 as the casino arm of CoinPoker (operating since 2018). It offers 4,000+ games from 70+ providers, a full sportsbook covering 45+ sports, and supports 21+ cryptocurrencies including meme coins. No KYC required for standard play. Operates under an Anjouan license (Tier 3) with a complex multi-entity corporate structure.
Rakebit is a crypto-only casino and sportsbook launched in 2024, offering 5,868 games from 65 providers including 16 provably fair originals. The platform supports 19 cryptocurrencies with fast withdrawals and features an integrated BETBY-powered sportsbook covering 35+ sports and 25+ esports titles. A 21-tier VIP program offers up to 25% rakeback with unlimited cashback at the top Whale tier.
Pros and Cons
Advantages
-
21+ cryptocurrencies supported including meme coins (PEPE, BONK, SHIB, FLOKI)
-
Instant crypto withdrawals with no platform fees (3 min in our test)
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4,000+ games from 70+ providers with demo mode available
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No KYC required for standard play (email or Telegram signup)
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Full sportsbook with 45+ sports and esports
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Fireblocks MPC custody for wallet security (confirmed on homepage)
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VIP cashback up to 25% with zero wagering requirements
Disadvantages
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Anjouan license disavowed by the Central Bank of the Comoros
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Four different corporate entities named across T&Cs and third-party sources, no beneficial owners disclosed
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FinTelegram HIGH risk rating (October 2025)
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Trustpilot 2.0/5 with 80% one-star reviews, dominant complaint is blocked withdrawals
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Responsible gambling tools claimed but non-functional per independent audit
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60x wagering on welcome bonus (75x above $10K), 14-day expiry
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No dedicated mobile app
Advantages
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5,868 games from 65 providers
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Welcome package up to $10,000 USDT with 30x/35x wagering
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16 provably fair Rakebit Original games
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No KYC required for basic usage (triggered at ~$8,000/day withdrawals)
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21-tier VIP program with up to 25% rakeback and unlimited cashback at Whale tier
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Fast crypto withdrawals (tested at 32 seconds for BEP20)
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2FA available for account security
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Friends Play feature for private/public shared gambling rooms
Disadvantages
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Anjouan license lacks strength of MGA, UKGC, or Curacao CGCB
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No fiat deposit or withdrawal options (MoonPay/Changelly on-ramp removed)
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Minimal responsible gambling tools (no built-in limits, only begambleaware.org link)
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Large win payout caps ($500K max) and installment delays ($50K+ over 30 days)
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New platform (launched 2024) with limited track record
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Documented pattern of post-win account closures across Trustpilot and Casino.guru
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Operator previously linked to defunct TrueFlip.io (unverified)
Information
| CoinCasino | Rakebit | |
|---|---|---|
| Type | Casino | Casino |
| Year Founded | 2024 | 2024 |
| Company | EOD Code SRL / Igloo Ventures SRL / MIBS N.V. / Deep Sea Tech Ventures | Innovex Tech Holdings Ltd |
| Regulation | Anjouan (Comoros) ALSI-142311005-FI2 | Anjouan Gaming Board (Comoros) #ALSI-202504026-FI1 |
| Mobile App | No | Yes |
| Live Support | Yes | Yes |
| Payment Methods (Fiat) |
|
- |
| Payment Methods (Crypto) |
|
|
| Minimum Deposit | $10 | $5 |
| Deposit Fees | Free (standard blockchain network fees apply) | Free for crypto deposits, standard blockchain network fees apply |
| Minimum Withdrawal | €10 | 10 USDT |
| Withdrawal Fees | Free | Marketed as free; terms reserve right to charge on repeated withdrawals. Blockchain network fees always apply. |
| Withdrawal Time |
Instant
More information
|
Instant
More information
|
| CoinCasino Go to CoinCasino | Rakebit Go to Rakebit |
Welcome Bonus
| CoinCasino | Rakebit | |
|---|---|---|
| Welcome Bonus | Yes | Yes |
| Bonus Amount | 200% up to $30,000 + 50 Super Spins | Up to $10,000 USDT + 200 Free Spins |
| Minimum Deposit | $10 | 5 USDT |
| Time to Redeem | 14 Days | 7 Days |
| Wagering Requirements | 60x | 30x |
| Conditions |
|
|
| Bonus Code | ||
| Claim bonus Claim bonus at CoinCasino | Claim bonus Claim bonus at Rakebit |
No-Deposit Bonus
| CoinCasino | Rakebit | |
|---|---|---|
| No-Deposit Bonus | No | No |
| Bonus Amount | - | - |
| Free Spins | - | - |
| Time to Redeem | - | - |
| Wagering Requirements | - | - |
| Conditions | - |
|
| Bonus Code | No code required | No code required |
| Claim bonus Claim bonus at CoinCasino | Claim bonus Claim bonus at Rakebit |
Other Bonuses
| CoinCasino | Rakebit | |
|---|---|---|
| VIP Rewards | Yes | Yes |
| VIP Rewards Details | CoinCasino's Coin Club VIP program runs 9 tiers, each subdivided into 5 levels. Entry starts automatically after $250 wagered. Cashback ranges from 5% (Trailblazer) to 25% (Grandmaster) with zero wagering requirement, paid weekly on Mondays. Top tier (The Untouchable, $50M+ wagered) offers personalized cashback, up to 3,600 Ultra Spins at $100 each, and $500,000+ level-up bonuses. VIP status never expires. Status matching from other casinos is available. | Rakebit's VIP Loyalty Program features 21 levels across five ranks: Rake Bear (levels 1-5), High Roller (levels 6-10), Diamond Hands (levels 11-15), Legendary Beast (levels 16-20), and Rakebit Whale (level 21). Players earn XP through wagering and climb through tiers. Benefits include instant rakeback scaling from 1% to 25%, daily cashback on the same scale, level-up bonuses reaching up to 37,500 USDT, and access to an expanded Store, Missions, and Minigames at every tier. Whale-tier members receive unlimited cashback (no cap), a special level-up bonus, and a personal VIP manager. Both rakeback and cashback require no additional wagering to withdraw. VIP status transfer is available for players migrating from other casinos. |
| Other Bonuses | Yes | Yes |
| Other Bonuses Details | CoinCasino runs ongoing promotions including Pragmatic Play 'Drops & Wins' with up to $2 million in monthly prizes and $40,000 daily payouts, slot tournaments from various providers, and periodic free spins offers. The platform also features a horse racing sportsbook and regular community events. | Rakebit offers ongoing promotions including a $2,000 Weekly Race (top 20 players, $500 first prize), Monday and Friday Sports Reload bonuses ($50-$75 free bets), a daily Gummy Wheel free spin for bonus rewards, task-based Missions with tiered rewards, a points-redeemable Store, and a referral program paying $100 USDT per qualifying referral plus 10% of house edge on referred players' bets. |
Games
| CoinCasino | Rakebit | |
|---|---|---|
| Slots |
Yes
(4000+)
Detailed information about Slots at CoinCasino
|
Yes
(4800+)
Detailed information about Slots at Rakebit
|
| Baccarat |
Yes
|
Yes
|
| Bingo |
No
|
Yes
Detailed information about Bingo at Rakebit
|
| Blackjack |
Yes
|
Yes
|
| Craps |
Yes
|
Yes
|
| Crash Games |
Yes
Detailed information about Crash Games at CoinCasino
|
Yes
Detailed information about Crash Games at Rakebit
|
| Jackpots |
Yes
|
Yes
Detailed information about Jackpots at Rakebit
|
| Keno |
Yes
|
Yes
Detailed information about Keno at Rakebit
|
| Poker |
Yes
Detailed information about Poker at CoinCasino
|
Yes
|
| Roulette |
Yes
|
Yes
|
| Scratch Cards |
Yes
|
Yes
|
| Sic Bo |
Yes
|
Yes
|
| Sports Betting |
Yes
Detailed information about Sports Betting at CoinCasino
|
Yes
Detailed information about Sports Betting at Rakebit
|
| Table Games |
Yes
Detailed information about Table Games at CoinCasino
|
Yes
Detailed information about Table Games at Rakebit
|
Rating
| CoinCasino | Rakebit | |
|---|---|---|
|
Overall Rating
Show overall rating information
|
Our Opinion
Conclusion
CoinCasino scores 69/100 in our rating system. Strong crypto infrastructure (21 coins, Fireblocks custody, instant small payouts) and a solid game library are offset by the worst licensing profile we have reviewed: an Anjouan license disavowed by the Comoros' own central bank, four interchangeable corporate entities with no disclosed owners, a FinTelegram HIGH risk rating, and a documented pattern of KYC demands triggered after wins. Safe for small crypto deposits based on our testing, but risk increases substantially at higher amounts.
Rakebit delivers a solid crypto gambling experience with a large game library, competitive 30x/35x wagering on its welcome bonus, and a rewarding VIP system that scales genuinely well. However, the Anjouan license, absent responsible gambling tools, documented post-win account closures, and the removal of its only fiat on-ramp are significant drawbacks. Best suited for experienced crypto gamblers comfortable with offshore regulation who prioritize game variety and rakeback over regulatory protection.