Rakebit

What is Rakebit and who operates it?

Rakebit launched in 2024 as a crypto-settled gambling site. Its operator describes the product as a sportsbook, original games, live dealer, instant withdrawal, a VIP program and provably fair games. The corporate entity behind Rakebit is Nile King Media Ltd, which is the name on the licence register.

That entity separation matters. If a player has a payment dispute, the counterparty is Nile King Media Ltd under an Anjouan licence, not a Danish company. The operator's own material names 15 assets for settlement, which are covered in the assets section below.

No game count or provider names were captured for this page. The operator's own pages carry the current game library and studio list. A player deciding on game variety should check the live site rather than rely on a third-party description.

What licence does Rakebit hold, and does it cover Denmark?

The Anjouan Gaming Board public register lists Nile King Media Ltd as the holder of licence ALSI-202602030-FI2. The register entry is available at anjouangaming.com/public-register/license-register/. That licence is current as captured on 2026-08-26.

Anjouan is not a Danish or EU/EEA authority. For a player in Denmark, the practical value of that licence is limited: Spillemyndigheden has no authority over Rakebit, and the licence does not grant Danish market access. It does, however, give a public register to check, which is more than an unlicensed site offers.

Because Rakebit holds no Danish licence, it cannot offer MitID login and is not connected to ROFUS. Those are Danish-licence features. A player who wants those protections should use a site on Spillemyndigheden's public list instead.

When will Rakebit ask for verification?

The published Terms of Use require a high-quality photo or selfie and proof of address such as a utility bill when a player claims a withdrawal for the first time. The clause does not cap this to a withdrawal amount; it applies to the first withdrawal as such.

The same terms allow the operator to request verification at any time for fraud or anti-money-laundering concerns. The separate KYC policy also allows a check before a first deposit below $2,000 if a payment provider requires it. No general numeric threshold appears in the clause.

A homepage FAQ says standard withdrawals are processed without documents. That conflicts with the Terms of Use. A player should expect the written terms to control, and should plan for documents on the first withdrawal even if the FAQ suggests otherwise.

What are Rakebit's withdrawal limits?

The published Terms of Use do not state a single withdrawal cap figure that applies across all assets. The cashier is where any per-asset or per-period limit would show. This page does not reproduce a cap because the terms themselves do not contain one readable figure.

The verification clause is the main practical constraint on withdrawals. A first withdrawal can be held while documents are reviewed, and the operator may request verification at any time. That means the speed and success of a withdrawal depend on KYC, not just on a stated limit.

A player who wants certainty about the maximum they can take out in one period should check the cashier before depositing. The operator may change limits without notice, and this page is a snapshot from 2026-08-26.

How do deposits and withdrawals work at Rakebit?

Rakebit settles in crypto only. A deposit is sent to a wallet address shown in the cashier for the chosen asset. The 15 named assets are listed in the next section. The published terms do not state a minimum deposit; the cashier states a minimum for each asset.

A withdrawal is requested from the cashier to a wallet the player controls. The first withdrawal triggers the verification clause discussed above. After the operator approves the request, the asset network confirms the transaction. Those are two separate waits.

The operator advertises instant withdrawal, but approval can be delayed by document checks. Network confirmation time depends on the asset and current network conditions. No processing-time figures are published in the terms, so a player should not rely on a fixed wait.

Which cryptocurrencies does Rakebit accept?

The operator names 15 assets: BTC, ETH, SOL, LTC, USDT, USDC, XRP, TON, ADA, DOGE, BNB, DAI, LINK, XMR and ZEC. That list includes two major stablecoins, USDT and USDC, and the privacy coins XMR and ZEC.

The list is the complete set of assets captured from the operator's own material on 2026-08-26. Additional assets may be added or removed without notice, and the cashier is the live source for what can be deposited and withdrawn on any given day.

Which countries are restricted at Rakebit?

The published restricted list contains 13 entries: Cambodia, China, Costa Rica, Indonesia, Portugal, Russian Federation, Saudi Arabia, Singapore, Thailand, Ukraine, United Kingdom, United States and its dependencies and territories, and Yemen.

Denmark is not on that list as it stood when captured. That absence is the operator's wide-acceptance angle, but the list can be lengthened without notice. A player should recheck the current terms before depositing.

The list is a set of exclusions, not authorisations. Being absent from the list does not mean the operator holds a licence in the player's country. It means that, on the captured date, the operator had not named that country as refused.

What does a Danish player need to know about Rakebit?

Rakebit has no Danish licence from Spillemyndigheden. It therefore cannot offer MitID login, because MitID requires a certified Danish broker and a Danish CVR number. It is also not connected to ROFUS, which binds Danish licence holders only.

A dispute cannot go to Spillemyndigheden. The player's first route is the operator's own process, then whatever body the Anjouan licence names. That is a materially lower level of protection than a Danish-licensed casino offers.

On tax, Skattestyrelsen treats a win as tax-free only where the game is based in an EU or EEA country and supervised by a public authority there. Anjouan is neither. The reader should take their own position to Skattestyrelsen; this page gives no rate or threshold.

If a reader is managing a gambling problem, StopSpillet is free and anonymous on 70 22 28 25. This page does not help anyone play while self-excluded.

Is Rakebit right for you?

Rakebit suits a player who already holds crypto, wants a short 13-country restriction list, and is prepared for KYC on a first withdrawal at the operator's judgement. It also suits someone who does not need Danish regulatory coverage.

It does not suit a player who expects MitID login, ROFUS protection, or recourse to Spillemyndigheden. Those are unavailable because Rakebit has no Danish licence. It also does not suit a player who wants a fixed verification threshold or a published withdrawal cap; the terms provide neither.

The conflict between the homepage FAQ's no-documents claim and the Terms of Use is a real downside. A reader who values certainty on verification should treat it as a warning. Check the operator's current terms before depositing.