Rakebit vs Vave Comparison
General Information
Description
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.
Vave is a crypto first online casino and sportsbook launched in 2022, offering 7,000+ games from 100+ providers alongside sports betting on 35+ sports. Known for fast cryptocurrency withdrawals, privacy friendly onboarding, a native iOS app, and provably fair original games, Vave has grown quickly in the crypto gambling space. However, the platform operates without an active gambling license following its corporate transition from TechOptions N.V. (Curaçao) to Chestoption S.R.L. (Costa Rica) in 2024.
Pros and Cons
Advantages
-
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)
Advantages
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7,000+ games from 100+ providers
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100+ cryptocurrencies supported with no platform fees
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375% welcome package up to 4 BTC across four deposits
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Native iOS App Store app plus Android APK, rare for crypto casinos
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Provably fair Vave Originals (Crash, Plinko, Dice, Mines, Coin)
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No KYC required at signup and 24/7 live chat support
Disadvantages
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No active gambling license, operates under Costa Rica registration only with zero regulatory oversight
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50x wagering on deposit bonus funds, above the industry average of 30x to 40x
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x3 deposit turnover required before any withdrawal, even without a bonus
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Responsible gambling tools require contacting support with no self service dashboard controls
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Sister brand HellSpin received ACMA formal warning and ISP blocking in Australia
Information
| Rakebit | Vave | |
|---|---|---|
| Type | Casino | Casino |
| Year Founded | 2024 | 2022 |
| Company | Innovex Tech Holdings Ltd | Chestoption S.R.L. |
| Regulation | Anjouan Gaming Board (Comoros) #ALSI-202504026-FI1 | None |
| Mobile App | Yes | Yes |
| Live Support | Yes | Yes |
| Payment Methods (Fiat) | - |
|
| Payment Methods (Crypto) |
|
|
| Minimum Deposit | $5 | 20 USDT |
| Deposit Fees | Free for crypto deposits, standard blockchain network fees apply | Free (blockchain network fees apply) |
| Minimum Withdrawal | 10 USDT | 3 USDT |
| Withdrawal Fees | Marketed as free; terms reserve right to charge on repeated withdrawals. Blockchain network fees always apply. | Free (blockchain network fees apply) |
| Withdrawal Time |
Instant
More information
|
under 10 minutes Days
More information
|
| Rakebit Go to Rakebit | Vave Go to Vave |
Welcome Bonus
| Rakebit | Vave | |
|---|---|---|
| Welcome Bonus | Yes | Yes |
| Bonus Amount | Up to $10,000 USDT + 200 Free Spins | 375% up to 4 BTC + 100 Free Spins |
| Minimum Deposit | 5 USDT | 20 USDT |
| Time to Redeem | 7 Days | 30 Days |
| Wagering Requirements | 30x | 50x |
| Conditions |
|
|
| Bonus Code | ||
| Claim bonus Claim bonus at Rakebit | Claim bonus Claim bonus at Vave |
No-Deposit Bonus
| Rakebit | Vave | |
|---|---|---|
| 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 Rakebit | Claim bonus Claim bonus at Vave |
Other Bonuses
| Rakebit | Vave | |
|---|---|---|
| VIP Rewards | Yes | Yes |
| VIP Rewards Details | 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. | Casino VIP has 18 levels with cumulative progression. Players earn 1 VP per 30 USDT wagered on slots only. Table games, live dealer, and originals earn zero VIP progress. Points convert to bonus funds at 100 VP = 1 USDT with 5x wagering on converted funds. Level rewards scale from 10 free spins + 5 USDT at Level 1 to 100,000 USDT + personal account manager at Level 18. Higher tiers also unlock increased withdrawal limits and priority support. Sports VIP has 7 levels with monthly reset. Points earned from real money sports bets convert to free bet credits at month end. Rewards scale to 250,000 USDT at Level 7. The monthly reset is a major disadvantage versus casino programs where progress is permanent. |
| Other Bonuses | Yes | Yes |
| Other Bonuses Details | 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. | Ongoing promotions include: Thursday Reload (50% up to 150 USDT + 100 free spins on Wild Cash, minimum 20 USDT deposit), Saturday Free Spins (up to 100 spins based on deposit size), Fortune Wheel (one spin per deposit over 100 USDT, prizes up to 1 BTC), Daily Slot Races (approximately 500 USDT + 500 free spins in daily prize pools), Monthly Tournaments (prize pools up to 15,000 USDT), and a Referral Program (10% to 30% revenue share). All promotions use a slots only wagering contribution structure. |
Games
| Rakebit | Vave | |
|---|---|---|
| Slots |
Yes
(4800+)
Detailed information about Slots at Rakebit
|
Yes
(7000+)
Detailed information about Slots at Vave
|
| Baccarat |
Yes
|
Yes
|
| Bingo |
Yes
Detailed information about Bingo at Rakebit
|
No
|
| Blackjack |
Yes
|
Yes
|
| Craps |
Yes
|
Yes
|
| Crash Games |
Yes
Detailed information about Crash Games at Rakebit
|
Yes
Detailed information about Crash Games at Vave
|
| Jackpots |
Yes
Detailed information about Jackpots at Rakebit
|
Yes
|
| Keno |
Yes
Detailed information about Keno at Rakebit
|
Yes
|
| Poker |
Yes
|
Yes
Detailed information about Poker at Vave
|
| Roulette |
Yes
|
Yes
|
| Scratch Cards |
Yes
|
Yes
|
| Sic Bo |
Yes
|
Yes
|
| Sports Betting |
Yes
Detailed information about Sports Betting at Rakebit
|
Yes
Detailed information about Sports Betting at Vave
|
| Table Games |
Yes
Detailed information about Table Games at Rakebit
|
Yes
|
Rating
| Rakebit | Vave | |
|---|---|---|
|
Overall Rating
Show overall rating information
|
Our Opinion
Conclusion
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.
Vave delivers a strong day to day crypto gambling experience with a large game library, fast payouts, a generous 4 BTC welcome package, and one of the only native iOS apps in the crypto casino space. The platform is held back significantly by the loss of its Curaçao license following the 2024 corporate restructure. It now operates under a Costa Rica registration with no regulatory oversight and no formal dispute resolution for players. The 50x bonus wagering, 3x deposit turnover rule, and restrictive new player withdrawal limits add further friction. Recommended for crypto native players who prioritise game variety and mobile experience over regulatory safety.