🎰 Casino Review
Casino500
VERDICT: BUY
"Best for new players who want a strong welcome package with ongoing cashback; weak on withdrawal speed vs pure crypto casinos; avoid if no-KYC is a hard requirement."
Quick Stats
Up to 15%
2023
$20
1-24 hours
Light KYC
8.1/10
📊 Casino500 — Key Figures
35x
Wagering requirement on welcome bonus — high vs industry average of 20–30x
Casino500 terms
15%
Weekly cashback rate — applied to net losses after bonus period
DegenBet analysis
1-24h
Crypto withdrawal processing time — slower than instant-withdrawal platforms
DegenBet tests
2023
Year founded — newest of the reviewed casinos with KYC requirements
Casino500
Pros & Cons
✓ The Good
- ✓Large welcome bonus package for new players
- ✓15% rakeback on ongoing play
- ✓Wide slot selection from top providers
- ✓Responsive customer support
- ✓Crypto and fiat options both available
✗ The Bad
- ✗Light KYC may be required at higher volumes
- ✗Withdrawal times slower than pure crypto casinos
- ✗Newer brand — limited long-term track record
- ✗Welcome bonus has wagering requirements
Rakeback Breakdown
Welcome PackageLarge first-deposit bonus for new players
Weekly Cashback15% cashback on weekly losses
VIP TiersHigher play volume = better cashback rates
Reload BonusesRegular deposit bonuses for active players
Terms That Matter
Wagering RequirementWelcome bonus requires 35x wagering before withdrawal — read terms carefully
Max CashoutWelcome bonus winnings may have a max cashout cap — check current promotion
Excluded GamesLive casino typically excluded or reduced contribution to bonus wagering
Payout SpeedCrypto withdrawals take 1-24 hours; fiat may take 1-3 business days
KYC TriggerLight KYC required at higher withdrawal volumes — ID verification may be needed
Category Scores
Rakeback15% cashback, competitive
8.1
Game SelectionWide, quality providers
8.6
WithdrawalsDecent but not instant
7.8
TrustNew brand, clean so far
7.5
UXModern design, easy nav
8.3
Accepted Crypto
BTCETHLTCUSDTDOGESOLXRP
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D. Bet — Crypto Casino Analyst
6+ years reviewing crypto casinos · About the reviewer · Updated 2026-03-19
// DegenBet Verdict
Casino500 plays the welcome bonus game hard — and if you're a new player the entry package is genuinely competitive. The ongoing 15% cashback keeps it relevant after the welcome period. The light KYC requirement and slower withdrawals vs pure crypto casinos are the downsides to know going in.
Frequently Asked Questions
Is Casino500 legit?
Casino500 operates under a Curaçao eGaming licence and has maintained a clean record since its 2023 launch. It is a newer platform, which means less long-term data on high-volume withdrawal behaviour. No significant issues have been reported publicly.
How long do Casino500 withdrawals take?
Casino500 cryptocurrency withdrawals typically take 1-24 hours to process. This is slower than instant-withdrawal platforms like Stake. Fiat withdrawals may take 1-3 business days depending on payment method.
What is the minimum deposit on Casino500?
Casino500 has a minimum deposit of approximately $20 equivalent. This is higher than no-minimum platforms but is accessible for most recreational players.