Bankonbet Review: Is Bankonbet Legit?

We took a closer look at Bankonbet, a relatively new online casino and sportsbook that has caught our eye. The overall verdict is that Bankonbet is a good platform that provides reasonably good features for its members. Still, here we bring you a more detailed review of all the critical features this online casino offers for its members.

The Bankonbet platform has a responsive design, and the theme is clean and easily navigable. The site is available in 18 languages, working to appeal to people from various regions. The platform has also made an effort to provide a broad range of deposit and withdrawal methods that are optimized per region. Hence, users from every country get country-specific payment options, which we found helpful.

A thing we must note is that Bankonbet is a safe and secure site with all the latest online security protocols, but they don’t readily publish any licensing information. Apart from this, Bankonbet could be a good fit for many.

Restricted Countries and Games

Bankonbet offers its services in many countries worldwide. However, due to local laws and regulations, Bankonbet is not accepting players from the following countries:

Bankonbet Promotions and Promo Codes

We were impressed by the versatile promotions Bankonbet provides. The promotions page shows all the possible promo deals, and you are free to choose one that appeals to you. Please note that you can claim a welcome bonus offer only during the initial registration, and you can select other promo deals only after your previous bonus deal expires. Here we list the most popular Bankonbet promotions:

100% Up to €500 + 200 FS Welcome Casino Bonus

The Bankonbet welcome casino bonus is up for grabs during the initial registration, and you get to take advantage of a 100% deposit match of up to €500 and 200 free spins. You must wager the bonus money within 10 days of initial registration. You also get 20 free spins a day for ten days, totaling 200 free spins you must use within 24 hours and can use on select slot games. The minimum deposit you must make to claim the welcome casino bonus is €20, and the wagering requirements are 35x for the monetary bonus and 40x for the slots bonus.

20% Live Cashback Up to €200 Welcome Bonus

The other casino welcome bonus grants you a 20% live cashback of up to €200. The minimum deposit for this bonus is €25, and you will get 20% cashback on your unlucky bets made on live casino games. You need to contact customer support via email and claim your 20% cashback within 48 hours after you’ve made the first deposit. The credited cashback amount comes with a 1x wagering requirement.

100% Up to €100 First Deposit Sport Bonus

The people who join Bankonbet for sports betting can use the sports first deposit bonus and get a 100% deposit match of up to €100. The minimum amount for this bonus is €20, and you need to complete the 1x wagering requirements and place bets with minimum odds of 1.50. The duration of this bonus is 30 days from the initial deposit.

Bankonbet VIP

Bankonbet runs a VIP program for all its members. There are five tiers, and each one comes with different perks like a cashback percentage, increased monthly withdrawal limit, a personal account manager, and more.

Other Bonuses and Promo Deals

Apart from the main welcome bonuses, Bankonbet has a varied list of promotional programs for its members. These all come with various perks and have varying T&Cs and durations. Here is a list of the current promos at Bankonbet:

• 50 Free Spins Weekly Reload.
• €700 + 50 Free Spins Weekend Reload Bonus.
• 10% up to €3,000 Weekly Cashback.
• €10 Reward Game Crazy Time Tuesdays.
• €10 Reward Game Show Thursdays.
• 25% Up to €200 Live Cashback.
• €10 Reward Game Gold Blackjack Fridays.
• €10 Reward Game Roulette Weekends.
• €500,000 Drops & Wins Live Casino.
• 10% up to €500 Cashback Sports Bonus.
• 50% up to €500 Weekly Sports Reload Bonus.
• Enhanced Winnings Boosted Odds.
• Early Payout 2 Goals Ahead.
• Up to 100% Accumulator Boost.
• 100% Refund Bore Draw.
• €15,000 Sport Jackpot.
• 50% up to €50 Horse Racing Reload.

Bankonbet Conditions and Wagering Requirements

Bankonbet has established terms and conditions for its users. While most of these are straightforward, and there is nothing special about them, you need to read them to protect yourself from trouble later on. Here are the key takeaways from the Banknobet T&Cs:

• You must be over 18 to join Banonbet.
• You can only have one account with Bankonbet.
• You must abide by the local laws on online gambling and sports betting.
• You must complete the AML/KYC forms to be eligible for a withdrawal.
• The casino bonuses come with varying 1x/35x/40x wagering requirements.

The site has a pretty standard Privacy Policy, meaning they collect all user data on your gaming habits and other relevant information. They are also required to share this information with legal entities, and they’ll share it with third-party entities to provide a personalized service to your playing habits.

Bankonbet Design and Usability

Right from the start, Bankonbet is impressively designed – the theme is simple and elegant, with clean lines and contrasting white and blue colors dominating the design and strategically placed red accents. The sports betting page is the homepage, giving the site an emphasis on sports betting. The main menu is at the top, and when you hover over each menu item, you’ll see the secondary menu items that help with navigation.

Scrolling down the homepage shows you the most popular sports and most popular live events. Then, you see a selection of casino games, top leagues, slots games, and other exciting Bankonbet features.

The bottom of the page is reserved for the additional menu that has quick links to all website pages. Plus, you can see the language select bar, the link to the live chat feature, and the list of payment methods. If you wish to explore Bankonbet deeply, we suggest you use the sitemap option that will help you quickly learn all the website’s secrets.

Bankonbet Mobile App

Bankonbet is optimized for mobile use, and we tested it on Android and iOS devices. The website is optimized to fit the smaller screens, still offers a seamless user experience, and has all the functionalities you may need. Still, Bankonbet does not have a dedicated mobile app at this time, but we expect them to roll out an app as the platform increases in popularity.

Bankonbet Games: Slots, Casino, Live Casino, Sports, Virtual Sports, Horse Race Betting

Let’s now delve into the betting and gambling options you get when you join Bankonbet. The platform offers sports betting, live betting, horse race betting, slots, casino games, live casino games, and more, and we’ll cover these here:

Sports Betting

The Bankonbet homepage is the sports betting page, but there is another menu item that takes you to the sports betting page. Here, you will see the top leagues on the left side, and below them, you can search by team or championship but also see a list of all the available sports. The central part of the page shows you the sports betting bonuses and another menu with the available sports. You can select to see upcoming or live games and choose the odds format. The right side has the bet slip and suggestions of popular bets.

Live Betting

The Bankonbet live betting page has the same clean design as the rest of the site, and they list the sports they support live betting at the top of the page. Most of the page shows the Live Now events, where you can see various stats on each match. You can also click on the streaming button to see which match is available for streaming. The right side shows you the bet slip.

Casino Games

The Bankonbet casino page lists the available games like slots, jackpot games, table games, instant games, and Megaways games. Also, you can see a Providers menu item where you can search by game provider. The available games are listed as thumbnails, and you can choose to try a demo mode of some of the games or play for money.

Live Casino Games

The live casino games menu is first on the main menu, and, as one may expect, Bankonbet has a varied selection of live casino games. Players can play roulette, baccarat, dice, blackjack, game shows, poker, etc. You can also search by game provider, and when you scroll down the page, you’ll see thumbnails of all the available live casino games.

Spin Rally & Tournaments

The main menu at Bankonbet also has a Spin Rally and Tournaments menu items. These are fast tournaments where you can participate and get the chance to win incredible prizes. There are different active tournaments at any time, and you can click on each one and see how to join one, the minimum bet, the timeline, and the possible prize.

Bankonbet Deposit and Withdrawal Methods

The Bankonbet payment methods depend on the location of each player. This feature adds personalization to the entire experience, and it is very convenient for players who wish to use alternative payment methods. The bottom of the page shows you the generally available payment methods like Visa, MasterCard, and Interac. Still, you can click on Show More, and you’ll see all the payment methods available in your country.

The images below are an example of the available deposit and withdrawal methods for a Bankbet member from Germany:

Depositing on Bankonbet

It is straightforward to deposit funds on Bankonbet, and here are the steps for depositing money to your account:

• Open your Bankonbet account.
• Click on Deposit at the top of the main page or go to your account menu and click on My Wallet>Deposit.
• Find the payment method that works best for you.
• Fill out the required fields, and please note that the minimum deposit at Bankonbet is $10.
• Confirm the deposit; the money should be in your account immediately.

Withdrawing from Bankonbet

The withdrawal from Bankonbet is simple, and you need to follow these steps to make a withdrawal request:

• Go to your Bankonbet account.
• Click on the account menu and find the Withdrawal tab.
• Find the payment method that works best for you (usually the same one you used for deposits).
• Enter the amount you wish to withdraw, fill out the required fields, and click on Withdraw.
• Once your request is approved, the money should be in your account in 3-5 days.

Please note that you must confirm your identity and fill out the AML forms, as this is a prerequisite for you to make a withdrawal request from Bankonbet.

Bankonbet Customer Support and Service

The FAQ section at Bankonbet is relatively short, with only a few basic questions and answers. However, the bottom of every page has extra help sections: short paragraphs explaining what you can find and do on a particular page. The About Us section is relatively sparse, and they don’t share much about the platform.

However, there is live chat support available 24/7 on Bankonbet, and you need to fill in your name and email and ask your question. In only a few minutes, you’ll be able to talk to an actual person who will help you resolve any potential issue you may have with Bankonbet.

Is Bankonbet a Legitimate Online Casino?

While Bankonbet does not provide any information about its parent company or its operating license, after digging deeper, we found out that this platform is a part of Rabidi N.V. Casinos. The company is headquartered at Scharlooweg 39, Willemstad, Curacao, and they operate under an Antillephone N.V. and hold E-Gaming license No. 8048/JAZ.

Bankonbet Online Security

Overall, Bankonbet is a secure online casino and sports betting site, as they have an active SSL/TLS certification. That means all your interactions with the platform are encrypted, and it is more difficult for hackers to gain access to your data. Also, they say that all user data is stored on digitally encrypted drives.

FAQ

Is there a no-deposit bonus at Bankonbet?

Currently, Bankonbet does not provide a no-deposit bonus for its members. You can try out some of the slot and table games in demo mode, but you can’t keep any winnings you get in demo mode.

How long do the bonuses last at Bankonbet?

The main casino welcome bonus lasts 10 days, while the sports betting welcome bonus lasts 30 days. Still, the site provides plenty of bonuses, all with different durations.

What is the deposit minimum at Bankonbet?

The minimum amount you can deposit at Bankonbet is €10, but you’ll have to deposit at least €20 to claim a welcome offer.

What is the registration process at Bankonbet?

The Bankonbet registration process is streamlined into a 4-step form where you must fill out all relevant info like username, password, valid email, name and address, date of birth, preferred currency, and country of residence. You need only a few minutes to sign up at Bankonbet.

What is the Bankonbet customer support?

There is a short FAQ section at Bankonbet, but they have a very competent customer support team that is available 24/7 via live chat.

Who owns Bankonbet?

Rabidi N.V. Casinos is the parent company that owns and operates Bankonbet. The company seat is at Scharlooweg 39, Willemstad, Curacao, and they operate under an Antillephone N.V. and hold E-Gaming license No. 8048/JAZ.

Is Bankonbet available in the USA?

Unfortunately, Bankonbet is not available in the USA.

Final Thoughts

We tested Bankonbet and tried all its features. We played casino games and placed sports bets, and one of our testers even won some money. The site has a modern, minimalist design and a contrasting white/blue theme that is fast-loading and easy to navigate. The offered features appeal to many, as there is a good selection of slot games, all the table games you may want, and an exceptionally varied list of live casino games from all reputable casino game providers.

We are also impressed by the betting options, as apart from the most popular sports, there is a good selection of virtual sports betting and a particular horse race betting section. The site is optimized for mobile use, but they don’t have a dedicated mobile app yet.

The promotions deserve a special mention, as the promo page is full of opportunities that significantly subsidize your bankroll and let you try more games. The online safety is satisfactory, and the site has not been involved in any major scandals or data breaches. The payment methods are country-specific, and anyone can use a payment method that works for them. A downside is that they keep the company owner and license a secret. Still, we learned that Bankonbet operates under a Curacao license and is a legitimate and trusted online casino and sportsbook.