Betting
Rakebit Withdrawal Guide: Crypto Payouts, Limits & Timelines Explained
Withdrawing from a crypto casino should be as seamless as placing a bet, and that’s exactly what I set out to test with Rakebit. As a regular crypto bettor based in Canada, I need withdrawals that are fast, secure, and flexible across different coins. After spending weeks on the Rakebit platform and cashing out multiple times, I’m sharing everything you need to know, from supported coins to payout delays, KYC steps, and tips for smooth crypto casino payouts. Whether you're a first-time user wondering how to withdraw from Rakebit or a high-volume player comparing Rakebit payout limits and speeds, this guide is built from hands-on testing with real results.
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- Wide selection of markets
- Crypto focused sportsbook
- Great gamification embedded
Supported Withdrawal Methods
Rakebit is designed for crypto-first users, offering a wide range of digital asset options for cashouts. All Rakebit crypto withdrawals are processed directly to your private wallet without intermediaries.
This includes major coins like Bitcoin, Ethereum, and USDT, plus several fast, low-fee alternatives like Litecoin and TRC-20 Tether. Take a closer look at the table breakdown below and check out some of the most popular Rakebit cashout methods:
Withdrawal Methods
| Crypto | Network | Minimum Withdrawal (CAD) | Fees | Speed | Recommended For |
| BTC | Bitcoin | $50 | Network only | 30–60 mins | Large transfers |
| ETH | ERC-20 | $50 | Gas fees apply | 10–30 mins | NFT/gaming wallet users |
| USDT | TRC-20 | $30 | None | Instant–15 mins | Fast crypto payouts |
| USDT | ERC-20 | $50 | Gas fees apply | 10–30 mins | Flexible Tether compatibility |
| LTC | Litecoin | $30 | None | 10–20 mins | Low-fee, quick transfers |
| BNB | Binance Smart Chain | $30 | Low network fee | 5–15 mins | Fast, budget-friendly |
| XRP | Ripple | $30 | Minimal fee | 5–20 mins | High-speed, low-cost transfers |
The best method for Canadians? In my experience, TRC-20 USDT and Litecoin offer the fastest processing with minimal or no fees. All players will have their own opinions about this, but this is just from my personal point of view.
Step-by-Step: How to Withdraw from Rakebit
I personally went through several Rakebit withdrawal tests on both my desktop computer and mobile device, and the process is straightforward. Follow the step-by-step guide below and check out how to successfully withdraw from Rakebit.
- 1
Log in to your Rakebit account.
Log in to your Rakebit account.
- 2
Tap on your profile icon and select the “Withdraw” button.
- 3
Choose your cryptocurrency (e.g., USDT TRC-20, BTC, etc.).
- 4
Enter your wallet address and the amount you wish to withdraw
Enter your wallet address
- 5
Double-check your details, then confirm the withdrawal.
- 6
Wait for blockchain confirmation (you’ll get a transaction hash for tracking).
Pro tips for secure withdrawals at Rakebit:
- Always use a non-custodial wallet like Trust Wallet or MetaMask.
- Double-check the correct network for your coin (e.g., TRC-20 for fast USDT).
- Take a screenshot of the confirmation page for reference.
So far, I’ve had no Rakebit payout delays, and the TRC-20 USDT option consistently landed in my wallet in under 15 minutes.
Limits, Fees & Processing Times
From what I’ve tested, Rakebit payout limits are crypto-friendly but vary by coin:
- Minimum withdrawals range from $30 to $50 CAD.
- There are no platform withdrawal fees, so you will only pay network fees.
- Daily and weekly caps exist but are generous; high-volume users can request higher limits via support.
Here are a few standout points that I noticed about Rakebit withdrawal time:
- TRC-20, BNB, and LTC are usually instant within 15 minutes.
- BTC and ETH may take longer, especially if the blockchain is congested.
- If you have active bonuses, Rakebit won’t release your funds until all wagering is complete.
For fast crypto payouts, always check that your account isn’t under bonus restrictions or awaiting verification.
KYC & Verification Requirements
I didn’t need to submit any documents for my early withdrawals, which kept things frictionless. That said, Rakebit KYC process can kick in for:
- Large withdrawals (e.g., over $5,000 CAD equivalent)
- Security reviews (e.g., suspicious activity or fraud checks)
- Abuse of bonus promotions
When required, you’ll need to provide:
- A government-issued photo ID
- A selfie with the ID
- A recent utility bill or proof of address
Pro tip: If you’re planning a big win, submit your KYC docs early to avoid Rakebit payout delays.
FAQs
It depends on the coin. TRC-20 and LTC are usually under 15 minutes. BTC can take 30–60 minutes, depending on network traffic
Check if you have an uncompleted bonus, a pending KYC request, or congestion on the blockchain network.
No platform fees. Only network/blockchain fees apply, depending on the crypto and congestion levels.
- USDT (TRC-20): $30 CAD
- BTC & ETH: $50 CAD
- Other coins vary slightly so be sure to check the cashier section for live info
Not for small withdrawals. For larger amounts, you may be asked for ID.
No. Once processed, a crypto withdrawal cannot be canceled due to the nature of blockchain transactions.
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.
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