What is Rainbet?
Rainbet is one of the newer Crypto Casinos in the crypto gambling space. Founded in 2023, the site has rapidly gained popularity due to sponsorships with prominent creators on multiple social media platforms. The site offers a crypto casino featuring the most popular online gambling games, including online slots, table games, and the same original games offered on many crypto casinos (such as Plinko and Dice), as well as a sportsbook. This review will give a complete overview of Rainbet and answer the big question: is Rainbet legit?
What are Rainbet’s Rewards and Promotions?
Rainbet offers a wide range of rewards and numerous incentives to play on the site. For a full breakdown of all of the Rainbet rewards that you can claim on the site, click on the “Bonuses” section at the top of this review. To briefly summarize their rewards option:
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Weekly Raffle -
Weekly and Monthly Races
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Rakeback
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Daily Calendar
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Daily, Weekly, and Monthly Bonus
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Free Cases
Rainbet also offers a generous welcome bonus of a 250% deposit bonus plus 60 free spins to all users who sign up with our link.
What Payment Methods are Available on Rainbet?
Since Rainbet is a Crypto casino, cryptocurrency is the primary payment method. Rainbet accepts deposits from 23 different cryptos, as well as bank transfers and gift cards, which can be purchased with credit cards and PayPal. Withdrawals can be completed through 10 different cryptocurrencies or bank transfer. For a full list of the different cryptos and other payment methods supported by Rainbet, click the “Payments” tab in the menu at the top of this review.
How Popular is Rainbet.com?
Who Owns Rainbet and What Are Their Policies?
Who Owns Rainbet?
Rainbet is owned by RBGAMING N.V, located at Zuikertuintjeweg Z/N, Willemstad, Curacao. One of the site’s co-founders is active on Twitter under the handle @JohnRainbet.
Is Rainbet Provably Fair?
Rainbet uses a Provably Fair system to ensure that all game outcomes are transparent and cannot be manipulated, with each result generated using a combination of a user-editable client seed, a hashed server seed, and a nonce. After playing, you can verify every result by revealing the unhashed server seed and comparing it against the original hash, confirming that outcomes were fair.
Does Rainbet KYC?
Rainbet complies with EU Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. Players are required to submit KYC documents during account creation, when making certain transactions, or if their activity triggers suspicion under Rainbet’s transaction monitoring system. This process helps ensure compliance with anti-money laundering laws by verifying user identities and confirming the legitimacy of their financial activities.
Rainbet’s KYC system requires users to verify their identity with a government-issued ID, a selfie holding the ID and a handwritten note, and proof of address verified electronically or via supporting documents. Additionally, users may need to provide evidence of their source of funds, such as employment or investment records, especially for higher-risk transactions. The site is transparent that they reserve the right to ask for KYC documentation at any time, and failure to pass the KYC process or submission of falsified documents will result in permanent account closure and loss of funds.
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