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Rakebit Deposits Explained: Crypto Methods, Limits & Bonus Activation

When I first signed up at Rakebit, the crypto-only setup was a big draw. As someone who prefers to gamble with crypto, especially USDT and BTC, I found Rakebit’s deposit system refreshingly simple. Whether you are a first-time player figuring out how to deposit on Rakebit, or a seasoned high roller looking for secure deposits and high-limit options, this informative guide will walk you through everything you need to know. From instant deposits on Rakebit using TRC-20 Tether to funding your account with Ethereum or Litecoin, I’ve personally tested every major method so you don’t have to. In this detailed breakdown below, I will cover Rakebit deposit methods, minimums, funding limits, and tips to avoid unnecessary fees. Plus, I’ll also show you how to trigger the Rakebit bonus on first deposit and what to expect with crypto processing times. Let us get started and explore more about Rakebit deposits below!

Carla Naude

Betting Writer

Last updated: 2025-07-18

Fact checked by:

Chad Nagel

Sports & Betting Editor

6 minutes read

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RakeBit

Licenses:

50% Free Bet Up To 100 USDT

Wide selection of markets

Crypto focused sportsbook

Great gamification embedded

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Payment Methods

Overall Rating

4/5

Full T&Cs apply 18+

Table of Contents

Available Deposit Methods at Rakebit

Rakebit is a crypto-first casino, which means all funding is done using digital assets. I’ve personally tested deposits with TRC-20 USDT, BTC, and LTC, and they all worked without a hitch. No matter if you prefer using MetaMask, Trust Wallet, or even an exchange wallet like Binance, Rakebit accepts transfers from most secure wallets.

Take a look at the table breakdown below of the Rakebit crypto payment options and see what to expect. I have made sure to highlight each payment option, the minimum deposit amounts, fees and transaction speed.

Deposit Methods at Rakebit

Payment Method	Blockchain	Min Deposit (CAD)	Fees	Speed
BTC	Bitcoin	$20	Network fee only	10–60 mins
ETH	ERC-20	$20	Gas fees apply	5–30 mins
USDT	TRC-20 / ERC-20	$20	None / Low TRX fee	Instant–30 mins
LTC	Litecoin	$20	Low network fee	5–20 mins
BNB	Binance Smart Chain	$20	Minimal	5–15 mins
XRP	Ripple	$20	Minimal	5–15 mins

If you are based in Canada and want instant deposits at Rakebit, USDT on TRC-20 is your best bet. From my point of view, it is fast, reliable, and practically fee-free. For those concerned about blockchain fees, LTC and BNB are also great choices for quick and cheap deposits.

Rakebit Deposit Limits & Fees

One thing I appreciate about the Rakebit online gambling site is the transparency around limits and fees. Based on my usage and tests, here is what you can expect when funding your account:

Rakebit minimum deposit: $20 CAD (or crypto equivalent)
Maximum deposit: Depends on the crypto coin you choose. It is usually up to $10,000 per transaction. VIP users may unlock higher limits.
Platform fees: None. Rakebit does not charge deposit fees.
Network fees: You will only pay standard blockchain fees (varies by network congestion).

Tips for Canadians:

If you want to avoid ETH gas fees, use TRC-20 USDT or LTC.
Some Rakebit deposit bonuses require a slightly higher deposit than the minimum, so check promo terms.

These deposit limits make Rakebit an ideal crypto casino for both casual players and high-stakes users who want secure deposits at Rakebit without hidden costs.

Step-by-Step: How to Make a Deposit on Rakebit

Depositing on Rakebit took me less than 2 minutes the first time I tried it. Take a closer look at the step-by-step guide based on my own experience and see how to make a deposit on Rakebit:

1
Sign in to your Rakebit account. If you dont have an account, click on the sign up button.
2
Complete the registration process, enter in your email and create a password. Make sure to verify your email address once you have successfully registered.
Complete the registration process Rakebit
3
Tap your profile icon in the top-right corner.
4
Click on the deposit button to claim your first welcome bonus.
Click on the deposit button rakebit
5
Select your preferred cryptocurrency (BTC, USDT, ETH, etc.).
6
Copy the wallet address or scan the QR code
Copy the wallet address rakebit
7
Open your crypto wallet (MetaMask, Trust Wallet, Binance, etc.).
8
Paste the address, enter the deposit amount, and click the send button.
9
Wait for blockchain confirmation (usually 1–3 confirmations needed).
10
Refresh your balance in the Rakebit cashier. Start playing your favourite online casino games.
Refresh your balance in the Rakebit cashier

Tips for Quick & Easy Registration:

Screenshot the wallet transaction confirmation for peace of mind.
Double-check the wallet address and blockchain type before sending.
If your balance doesn’t update immediately, give it a few minutes, as it’s usually just waiting for network confirmation.

Deposit Bonuses & Promotions on Rakebit

When I made my first deposit, I automatically qualified for the Rakebit bonus on first deposit, and it worked seamlessly. Here’s how it breaks down:

First Welcome Bonus: 100% bonus on your initial deposit worth up to $4,000 CAD in crypto
Bonus Code: Auto-applied (but check to confirm on the cashier screen)
Minimum Deposit: $20
Offer Validity: 7 days
Wagering Requirements: 30x bonus
Eligible Games: Mostly slots; table games may have lower contribution

To claim these bonuses and promotions, you might need to tick a checkbox or go to the Promotions tab and opt in. Bonus tracking is available directly under your profile, so you can head to the bonuses section. I feel that these generous offers make Rakebit attractive not just for quick deposits, but also for crypto casino payment options that reward your first transaction.

After the first deposit you can claim your second and third deposit:

Second Welcome Bonus: 150% worth up to $3,500.
Third Welcome Bonus: 200% match bonus up to $2,500.

I loved claiming the following ongoing promotions at Rakebit:

Weekly Races
Free Spins
Refferal offers
Exclusive sports deals
Rakebit VIP program

FAQs

Which cryptocurrencies can I use to deposit at Rakebit?

You can deposit with BTC, ETH, USDT (TRC-20 and ERC-20), LTC, BNB, and XRP.

How long do Rakebit deposits take?

TRC-20 and LTC are typically instant to 15 minutes. BTC and ETH can take 10–60 minutes depending on network traffic.

Does Rakebit charge deposit fees?

No, there are no deposit fees at Rakebit. However, standard blockchain network fees apply.

What are the minimum and maximum deposit limits?

The minimum is $20 CAD equivalent. Maximums vary by crypto but can go up to $10,000 per transaction.

Which wallets are supported for deposits?

You can use any wallet that supports sending crypto, including Trust Wallet, MetaMask, Binance, Coinbase Wallet, and hardware wallets.

What should I do if my deposit doesn't show up?

First, check blockchain confirmations via your transaction hash. Then refresh your Rakebit balance. If it’s still not showing after 15–30 mins, contact live support.

Can I deposit anonymously at Rakebit?

Yes, Rakebit does not require KYC for deposits. However, large withdrawals may trigger KYC checks.

Carla Naude Betting Writer

Carla Naude is a young energetic and experienced lady who has a passion for the iGaming industry and loves writing articles. She enjoys sharing her knowledge and enthusiasm for the online gambling industry. She strives to make an effort to provide gamblers and readers with top-quality articles and informational guides.