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Overview
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Platform:EveryMatrix
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Established :2020
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Licence:MGA, UKGC
Rainbet: Crypto Casino with 10% Weekly Rakeback, $2,100 Welcome Bonus & Instant BTC Withdrawals
Rainbet launched in 2023 and has quickly carved a niche in the crypto casino market by focusing on two things that matter to crypto gamblers: fast withdrawals and meaningful rakeback. While most casinos bury their rakeback programs in VIP tier requirements, Rainbet offers 10% weekly rakeback to all players regardless of status — you wager, you get a percentage back, no questions asked.
The platform operates under Anjouan Gaming Authority license (ALSI-152406029-FI2) and has made headlines by sponsoring esports organization Ninjas in Pyjamas for jersey branding — a move that signals legitimate backing and mainstream ambitions. With support for over 20 cryptocurrencies including meme coins like PNUT and PENGU, Rainbet caters to the full spectrum of crypto holders.
Rainbet at a Glance
- Founded: 2023
- License: Anjouan Gaming Authority (ALSI-152406029-FI2)
- Welcome Bonus: 250% up to $2,100 + 60 Free Spins
- Rakeback: 10% weekly (all players)
- Cryptocurrencies: 20+ including BTC, ETH, USDT, SOL, DOGE
- KYC: Minimal — often not required
- Sponsorship: Ninjas in Pyjamas (esports)
Contents
- Welcome Bonus: 250% up to $2,100 - Link
- 10% Weekly Rakeback Explained - Link
- Rewards System & VIP - Link
- 20+ Cryptocurrencies Supported - Link
- 5,000+ Games & Originals - Link
- Sportsbook: 40+ Sports - Link
- Withdrawal Speed Test - Link
- KYC: When Required - Link
- Is Rainbet Legit? - Link
- Verdict - Link
- FAQ - Link
Welcome Bonus: 250% up to $2,100 + 60 Free Spins
Rainbet’s welcome package splits across your first three deposits, with the structure designed to reward continued play rather than front-loading everything on deposit one.
Deposit Breakdown
| Deposit | Match % | Max Bonus | Free Spins |
|---|---|---|---|
| 1st Deposit | 100% | $700 | 20 |
| 2nd Deposit | 50% | $700 | 20 |
| 3rd Deposit | 100% | $700 | 20 |
| Total | 250% | $2,100 | 60 |
$10 KYC Bonus
Unusually for a crypto casino, Rainbet offers a $10 bonus for completing KYC verification. Most crypto casinos either don’t require KYC or treat it as a barrier — Rainbet incentivizes it, which builds trust while giving new players extra funds.
10% Weekly Rakeback Explained
Rakeback is where Rainbet genuinely differentiates itself. Here’s how it works:
What Is Rakeback?
When you play casino games, the house has an edge (typically 1-5%). Rakeback returns a percentage of that edge to you, regardless of whether you win or lose. It’s calculated on your total wagers, not your losses.
Rainbet’s Rakeback System
- Rate: 10% weekly (base rate for all players)
- Calculation: Based on house edge from your wagers
- Frequency: Accumulates every 15 minutes, claimable anytime
- Wagering: None — withdraw immediately
Rakeback Example
If you wager $10,000 on slots with average 3% house edge:
- House edge amount: $10,000 × 3% = $300
- Your 10% rakeback: $300 × 10% = $30 returned
This applies regardless of whether you won or lost during those sessions. Over time, rakeback significantly reduces the effective house edge.
Why Rakeback Beats Traditional Bonuses
Traditional casino bonus: Deposit $100, get $100 bonus, wager $4,000 to withdraw. Maybe you clear it, maybe you bust first.
Rakeback model: Wager $4,000, get ~$40-120 back depending on games played — guaranteed, no wagering requirements. You’re not gambling on whether you’ll survive wagering requirements; you’re getting a percentage of every bet returned.
Rewards System & VIP
Rainbet recently upgraded its loyalty program, nearly doubling the rewards and adding new bonus types.
Reward Types
- Rakeback: 10% base, supplied every 15 minutes
- Daily Reload: Claim every 8 hours, based on recent wagering
- Daily Bonus: Accumulates over 3 days based on activity
- Weekly Bonus: Based on weekly wagering volume
- Monthly Bonus: Based on monthly activity
- Pre-Monthly Bonus: Available on the 16th, based on last 30 days
VIP Ranks (7 Levels)
VIP progression is based on total wagered. Higher ranks unlock:
- Increased rakeback percentages (up to 15%+)
- Larger weekly/monthly bonuses
- Dedicated account manager at top tiers
- Exclusive promotions
Races & Tournaments
- Weekly Race: Up to $10,000 prize pool
- Monthly Race: Up to $50,000 prize pool
- Chest Keys: Earned through wagering, unlock bonus chests
20+ Cryptocurrencies Supported
Rainbet supports an unusually wide range of cryptocurrencies — not just the majors, but meme coins and newer tokens that other casinos ignore.
Supported Cryptocurrencies
| Category | Coins |
|---|---|
| Major | Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) |
| Stablecoins | USDT (TRC-20, ERC-20), USDC, DAI |
| Layer 1 | Solana (SOL), Cardano (ADA), Tron (TRX), Stellar (XLM) |
| DeFi/Utility | Chainlink (LINK), Polygon (MATIC), Hedera (HBAR) |
| Meme Coins | Dogecoin (DOGE), Shiba Inu (SHIB), Peanut (PNUT), Pudgy Penguins (PENGU) |
| Other | Ripple (XRP), Zcash (ZEC), BNB, TON, WETH |
Fiat options (USD, EUR, GBP) are also available through selected payment methods for players who prefer traditional currency.
5,000+ Games & Originals
Rainbet’s game library exceeds 5,000 titles from major providers, plus in-house “Rainbet Originals” that are provably fair.
Game Providers
- Slots: Pragmatic Play, NetEnt, Play’n GO, Relax Gaming, Hacksaw Gaming
- Live Casino: Evolution Gaming
- Table Games: Multiple providers
Rainbet Originals (Provably Fair)
- Dice: Classic over/under prediction
- Limbo: Target multiplier game
- Mines: Grid reveal game
- Plinko: Ball drop multipliers
- Keno: Lottery-style numbers
- Blackjack: In-house version
Provably Fair Explained
Rainbet Originals use cryptographic proofs — each game round’s outcome is determined by a combination of server seed and client seed before you bet. After the round, you can verify the outcome was predetermined and not manipulated.
Sportsbook: 40+ Sports
Rainbet operates a full sportsbook via BETBY integration, covering 40+ sports with competitive odds for a crypto platform.
Sports Coverage
- Football: Premier League, La Liga, Champions League, MLS
- Basketball: NBA, EuroLeague, college
- Esports: CS2, Dota 2, LoL, Valorant — strong coverage
- American Sports: NFL, MLB, NHL
- Tennis: ATP, WTA, Grand Slams
- Combat Sports: UFC, boxing
- Virtual Sports: 24/7 simulated events
Withdrawal Speed Test
Crypto casinos promise “instant withdrawals” — Rainbet actually delivers. Internal processing typically completes within minutes to a couple of hours, then you’re waiting on blockchain confirmation.
Typical Withdrawal Times
| Cryptocurrency | Internal Processing | + Network Time |
|---|---|---|
| USDT (TRC-20) | Minutes | 1-5 minutes |
| Litecoin | Minutes | 2-10 minutes |
| Bitcoin | Minutes to 2 hours | 10-60 minutes |
| Ethereum | Minutes to 1 hour | 5-15 minutes |
⚠️ Crypto Safety Reminder
Triple-check wallet addresses before withdrawing. Crypto transactions are irreversible — wrong address means lost funds with no recovery possible. Consider using withdrawal address whitelisting for extra security.
KYC: When Required
Rainbet operates with minimal KYC for most users — you can deposit, play, and withdraw without submitting documents in many cases. However, verification may be triggered for:
- Large withdrawal amounts (thresholds not publicly disclosed)
- Suspicious activity flags
- Bonus abuse investigations
- Regulatory compliance in specific jurisdictions
The $10 KYC bonus incentivizes voluntary verification, building trust while giving players extra funds.
Is Rainbet Legit?
Positive Indicators
- License: Anjouan Gaming Authority (ALSI-152406029-FI2)
- Sponsorship: Ninjas in Pyjamas jersey deal — signals legitimate backing
- Provably fair: Original games verifiable
- Withdrawal processing: Verified fast by user reports
- Game providers: Licensed providers (Pragmatic, NetEnt, Evolution)
- Community presence: Active Discord, streamer partnerships
Considerations
- Anjouan license: Less established than Curaçao or Malta
- New platform: Founded 2023, less track record than established casinos
- Crypto-only focus: Less recourse if disputes arise
Restricted Countries
Rainbet is unavailable in: Aruba, Australia, Austria, Curaçao, France, Germany, Netherlands, Spain, UK, USA, and others. Check the site for your jurisdiction.
Verdict
| Strengths | Weaknesses |
|---|---|
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Frequently Asked Questions
What is Rainbet’s welcome bonus?
250% up to $2,100 plus 60 free spins across first three deposits: 100% ($700) + 50% ($700) + 100% ($700). Plus $10 for completing KYC.
How does Rainbet rakeback work?
10% of the house edge on your wagers is returned weekly. Accumulates every 15 minutes, no wagering requirements — withdraw anytime.
What cryptocurrencies does Rainbet accept?
20+ including BTC, ETH, LTC, USDT, USDC, SOL, DOGE, SHIB, ADA, XRP, MATIC, LINK, and meme coins like PNUT and PENGU.
Does Rainbet require KYC?
Minimal KYC for most users. May be required for large withdrawals or flagged accounts. $10 bonus offered for voluntary verification.
How fast are Rainbet withdrawals?
Internal processing: minutes to 2 hours. Plus blockchain confirmation time (varies by cryptocurrency).
Is Rainbet provably fair?
Rainbet Originals (Dice, Mines, Plinko, etc.) are provably fair. Third-party slots use provider RNG certification.
Is Rainbet legal?
Rainbet operates under Anjouan Gaming Authority license. Restricted in USA, UK, Australia, Germany, France, and others. Check availability for your country.
Does Rainbet have a sportsbook?
Yes — BETBY-powered sportsbook covering 40+ sports including strong esports coverage.

