Rakebit
Rakebit, a 2024 Anjouan-licensed casino, requires documents on first withdrawal, but its FAQ says standard withdrawals are processed without documents.
The short answer
Rakebit's Terms of Use require a high-quality photo or selfie and proof of address when you claim your first withdrawal, and allow KYC at any time for fraud or AML concerns. The homepage FAQ says standard withdrawals are processed without documents, which conflicts. Expect to be asked for documents at least once before you can withdraw.
The facts, as their source has them
Every line here was read off a page the operator owns or off a licence register, and carries the link it was read from. A field that could not be read says so. No gap is filled with an estimate.
- Licensing authority
- Anjouan Gaming Board
- Licence number
- ALSI-202602030-FI2 Open the register entry
- Holder named in the register
- Nile King Media Ltd
- Status in the register
- valid
- Established
- 2024
- Verification clause
- Not published by the operator Open the operator's terms
- Published verification threshold
- Not published by the operator
- Withdrawal cap in the terms
- Not published by the operator Open the operator's terms
- Coins in the cashier
- BTC · ETH · SOL · LTC · USDT · USDC · XRP · TON · ADA · DOGE · BNB · DAI · LINK · XMR · ZEC
- Refused-country list
- 13 countries Open the operator's terms
- Facts checked on
- 2026-08-26
Read from the operator's own site
This review is a reading of the operator's published terms and its entry in a licence register. No account was opened, no money was deposited and no game was played. Terms change without notice, and the operator's own page is the authority on them.
Where this number comes from
8 of 10 points
Each component below reads one field taken from the operator's own terms or from the register of the authority that licensed it. The denominator is a fixed ten, so disclosure raises the number and silence costs points.
- Licence in the register2.5 / 2.5
Anjouan Gaming Board ALSI-202602030-FI2, register status: valid
- Clarity of the verification clause1 / 2
verification is described in the terms with no clause reference
- Publishes its refusal list1.5 / 1.5
publishes a list of refused countries (13 entries)
- Coins settled in1.5 / 1.5
settles in 15 coins
- Breadth of accepted markets1.5 / 1.5
refuses 13 countries
- No verification at sign-up0 / 1
verification is required or reserved from the start
This review is a reading of Rakebit's published terms and its entry in the Anjouan Gaming Board register, as they stood on 2026-08-26. No account was opened, no deposit was made, and no withdrawal was tested. The page reports what the documents say, not what a player experienced.
Rakebit launched in 2024 and operates from rakebit.com. The licence holder is Nile King Media Ltd, recorded under licence ALSI-202602030-FI2. The register shows the licence as valid.
The operator's own pages contain a conflict: the homepage FAQ says standard withdrawals are processed without documents, while the Terms of Use require KYC documents when claiming the first withdrawal. This page treats the Terms of Use as the operative document because it is the contract.
Because terms change, the figures here are only as current as the date they were read. Check Rakebit's own terms and cashier before depositing.
What is Rakebit and who runs it?
Rakebit is a crypto casino that launched in 2024. Its own site is rakebit.com. The licence register names the holder as Nile King Media Ltd, but the operator's own pages do not prominently repeat that name; this page relied on the Anjouan public register for the holder.
The operator describes itself as a pure bitcoin casino in its homepage FAQ, but its Terms of Use also mention debit/credit card, e-wallet and bank transfer deposits. The cashier lists 15 coins for settlement, which is covered below.
This page does not play-test. It reads published terms and registers, and it is credible because it never claims to be more than that.
What licence does Rakebit hold, and what is it worth?
Rakebit holds an Anjouan Gaming Board licence, number ALSI-202602030-FI2. The register records it as valid and names the holder as Nile King Media Ltd. Anjouan is the issuing authority; a valid licence is a fact, not a guarantee of conduct.
The operator's own site refers only to an 'Anjouan gaming license' without naming the regulator or number in the places this page read. The number above comes from the public register, not from Rakebit's marketing.
A licence does not make gambling legal in the reader's country. Local law is the reader's to check, and this page does not advise on it.
What do the terms say about verification?
The Terms of Use state that KYC documents — a high-quality photo or selfie and proof of address (e.g., utility bills) — are required when claiming the withdrawal for the first time. The terms also allow verification at any time for fraud or AML concerns.
The AML/KYC policy allows the operator to request KYC before a first deposit below $2,000 if a payment provider requires it. This is not a general threshold; it is conditional on a provider's requirement and does not establish a fixed dollar trigger for withdrawals.
The homepage FAQ contradicts this. It says Rakebit operates as a pure bitcoin casino and that standard withdrawals are processed without documents. This page treats the Terms of Use as the binding document because it is the contract a player accepts.
When does the verification request actually arrive?
According to the Terms of Use, the first withdrawal is the main point at which Rakebit asks for documents: a photo or selfie and proof of address. That is the event the contract describes.
Separately, the operator may ask for verification at any time if it has fraud or AML concerns, and the KYC policy allows a request before a first deposit below $2,000 if a payment provider demands it. There is no published threshold above which verification automatically triggers.
The homepage FAQ promising no-document withdrawals does not override the Terms of Use. A player who deposits on the strength of that FAQ may still be asked for documents later.
How does a withdrawal move from Rakebit to my wallet?
A withdrawal starts with a request in the cashier. The terms set a maximum amount per 24 hours, but this page does not restate the figure here; it is in the facts table and may change, so confirm it in the cashier before requesting.
After the request, the operator's approval period begins. This page did not find a fixed processing time in the terms, so a player cannot know from the documents how long approval takes.
Once approved, the transaction is broadcast to the relevant blockchain. Confirmation time depends on the coin and network congestion, not on Rakebit.
Which coins does Rakebit settle in?
Rakebit's cashier lists 15 coins: BTC, ETH, SOL, LTC, USDT, USDC, XRP, TON, ADA, DOGE, BNB, DAI, LINK, XMR, ZEC. This list comes from the cashier as rendered on the date this page was read.
The inclusion of XMR and ZEC matters for a reader who wants privacy at the protocol level, but no coin makes a player anonymous. The blockchain records the transaction permanently, and an exchange that sold the coins knows who bought them.
Settlement is in these coins, but the Terms of Use also mention fiat payment methods such as debit/credit cards, e-wallets and bank transfers. That suggests the operator is not purely crypto despite the homepage FAQ's 'pure bitcoin casino' wording.
Which countries does Rakebit refuse?
Rakebit publishes a restricted-country list on its own terms page. The list contains 13 entries. This page will not recite the country names; the operator renders the list from data and links each country to its own page, and a paragraph of names is unhelpful.
A list of 13 entries is in line with the sanctions-and-regulated-markets baseline most operators carry. It is a commercial document, not a statement of law. A country's absence from the list does not mean gambling is legal or permitted there; local law is the reader's to check.
Players in a listed country should not attempt to play. Location masking is not advice this page gives; many operators treat it as a breach that forfeits a balance.
Who is Rakebit suitable for, and who should look elsewhere?
Rakebit suits a player who wants a 2024-launched crypto casino with an Anjouan licence and 15 settlement coins, and who accepts that the first withdrawal will require a photo or selfie and proof of address.
It does not suit a player who expects never to be asked for documents. The homepage FAQ says standard withdrawals are processed without documents, but the Terms of Use require them on the first withdrawal and allow them at any time for fraud or AML. A player who wants a guarantee of no KYC should look elsewhere; that guarantee does not exist in these terms.
It also does not suit a player who needs predictable withdrawal limits or support response times, because this page could not read a fixed processing time from the operator's documents.
From opening an account to the withdrawal arriving
01
Arrive at Rakebit and open an account
Go to rakebit.com and complete the sign-up form. This page did not open an account, so it cannot describe the exact fields, but the operator's terms require accepting the Terms of Use.
02
Fund the account
Deposit using one of the 15 coins listed in the cashier, or a fiat method if available. The AML/KYC policy allows KYC before a first deposit below $2,000 if a payment provider requires it.
03
Reach the first withdrawal
When you request your first withdrawal, the Terms of Use say Rakebit will require a high-quality photo or selfie and proof of address such as a utility bill.
04
Submit the withdrawal request
Request the withdrawal from the cashier. The terms set a daily maximum; confirm the current figure in the cashier before requesting.
05
Wait for operator approval
Rakebit's approval period begins. This page did not find a fixed processing time in the terms, so the wait is unknown from the documents.
06
Wait for network confirmation
After approval, the transaction broadcasts to the relevant blockchain. Confirmation time depends on the coin and network congestion.
The exact wording behind these fields
Reproduced as it appears in the operator's own document, in its original language. It is not translated here: translating a contractual clause changes it, and a reader who opens the terms page should find the same words.
“Anjouan public register: ALSI-202602030-FI2, Nile King Media Ltd”
“high-quality photo or selfie and proof of address (e.g., utility bills) when claiming the withdrawal for the first time.”
“You may only withdraw the maximum amount of Euro 10,000 (or the equivalent in your Account currency) in any 24 hour”
“Cambodia, China, Costa Rica, Indonesia, Portugal, Russian Federation, Saudi Arabia, Singapore, Thailand, Ukraine, United Kingdom, United States and its dependencies and territories, Yemen”
“Rakebit launched in 2024”
What you can confirm yourself
- The Anjouan Gaming Board register lists licence ALSI-202602030-FI2 as valid, with holder Nile King Media Ltd.
- The Terms of Use require a high-quality photo or selfie and proof of address when claiming the withdrawal for the first time.
- The homepage FAQ says standard withdrawals are processed without documents, which conflicts with the Terms of Use.
- The terms page publishes a restricted-country list containing 13 entries.
- The cashier lists 15 coins for settlement: BTC, ETH, SOL, LTC, USDT, USDC, XRP, TON, ADA, DOGE, BNB, DAI, LINK, XMR, ZEC.
Your country on this operator's list
Rakebit publishes a list of the countries it refuses. These are this site's markets set against that list, as it read on 2026-08-26.
- Saudi ArabiaOn the refusal list
- United Arab EmiratesNot named on the list
- KuwaitNot named on the list
- QatarNot named on the list
- BahrainNot named on the list
- OmanNot named on the list
- YemenOn the refusal list
- IraqNot named on the list
- JordanNot named on the list
- LebanonNot named on the list
- SyriaNot named on the list
- PalestineNot named on the list
- EgyptNot named on the list
- MoroccoNot named on the list
- AlgeriaNot named on the list
- TunisiaNot named on the list
- LibyaNot named on the list
- SudanNot named on the list
- MauritaniaNot named on the list
An operator's list is a commercial document, not a statement of law. Several of the countries here prohibit gambling outright, and a country's absence from an operator's list does not make playing from it lawful. Local law is yours to check, and this page does not advise on it.
What works
- Licence recorded as valid in the Anjouan Gaming Board register, with holder named.
- 15 settlement coins, including privacy-focused XMR and ZEC.
- Terms of Use are explicit about first-withdrawal documents, so a player can plan for that request.
- The $2,000 KYC request is conditional on a payment provider, not a general withdrawal threshold.
What does not
- Homepage FAQ conflicts with Terms of Use: FAQ says standard withdrawals processed without documents, terms require KYC on first withdrawal.
- No fixed verification threshold is published; KYC can be requested at any time for fraud or AML concerns.
- A daily withdrawal maximum exists in the terms, but this page does not restate it; the total limit picture is not captured.
- Support channels were not captured, so no assessment of help quality or response time is possible.
Questions people ask about Rakebit
Will Rakebit ask me for documents?
Yes, on your first withdrawal. The Terms of Use require a high-quality photo or selfie and proof of address when claiming the first withdrawal, and allow KYC at any time for fraud or AML concerns.
Does the homepage FAQ override the Terms of Use?
No. The FAQ says standard withdrawals are processed without documents, but the Terms of Use are the contract and require documents on first withdrawal. This page treats the Terms of Use as binding.
Is there a verification threshold?
No general threshold is published. The AML/KYC policy allows a request before a first deposit below $2,000 if a payment provider requires it, but that is conditional and not a fixed dollar trigger.
What coins can I withdraw in?
BTC, ETH, SOL, LTC, USDT, USDC, XRP, TON, ADA, DOGE, BNB, DAI, LINK, XMR, ZEC.
What countries does Rakebit refuse?
Rakebit publishes a restricted-country list with 13 entries. This page does not list country names; check the operator's terms page for the current list. A country's absence is not legal advice.
How long does a withdrawal take?
This page could not read a fixed processing time from the operator's terms. After operator approval, the blockchain confirmation time depends on the coin and network congestion.
Bottom line
Rakebit is a licensed 2024 crypto casino with clear first-withdrawal KYC language and 15 settlement coins. The conflict between its FAQ and Terms of Use means a player should expect documents at least once. It suits someone who accepts that, and not someone who wants a guarantee of no verification.
Facts last reviewed: 2026-08-26