BankonBet

Review of BankonBet

If you are considering trying a new online casino for gambling in 2025, it is worth noting that BankonBet officially launched on January 1, 2025. NovaForge Ltd. is behind the initiative, and they have previously been responsible for names like CrownPlay, PowerUp, and Spinight. Here, you will find slot machines, live casino tables, jackpot games, and sports betting all under one roof.

For new members, there is a welcome bonus of up to €500 in combination with 200 free spins, or a betting bonus that can provide up to €200. Additionally, there are various promotions that appear regularly, including weekend bonuses, temporary cashback offers, and weekly deals.

When making deposits or withdrawals, you can use cards, e-wallets, or cryptocurrency, making it convenient and flexible for all players.

Our Review of the BankonBet Welcome Bonus

BankonBet allows you to choose between a welcome casino bonus offer or a betting welcome bonus on sports. If you enjoy slot games, you can claim both cash and free spins, while sports enthusiasts can opt for the betting bonus instead. Regardless of which bonus you choose, it’s wise to ensure you understand the requirements and guidelines to make the most of your bonus. We’ll dive deeper into this later in the review, under the terms and conditions for the welcome bonuses.

Welcome Bonus for Slot Games: 100% up to €500 + 200 Free Spins + 1 Bonus Crab

If you’re most interested in slot games, your first deposit will be doubled up to €500. Additionally, you’ll receive 200 free spins distributed over ten days, with 20 spins each day. The minimum deposit amount is €20. Keep in mind that this bonus is “sticky,” meaning you must meet a wagering requirement of 35x both the bonus amount and the deposit before any withdrawals become available.

Welcome Bonus for Sports Betting: 100% up to €200

If sports betting is more your style, there’s an equivalent 100% betting bonus. This doubles your deposit amount up to €200 for your first deposit, which must also be at least €20. The wagering requirement is 5x the deposit and bonus, which for most players should be manageable after a few well-placed bets.

How to Activate the Welcome Bonus at BankonBet

Taking advantage of a welcome bonus at BankonBet is simple if you follow a clear plan. Below, you’ll find a step-by-step guide on how to activate the offer, from your first visit to the site to having your bonus funds ready in your account.

Step 1: Navigate to BankonBet’s Homepage

Click on BankonBet’s official website through our “Claim Bonus” link. From the homepage, you can view everything from available promotions to the payment methods you can use.

Step 2: Choose one of the welcome bonuses

Once you’ve navigated to the site, the next step is to select one of the welcome bonuses. If you’re most interested in slot games, you can opt for the casino bonus. If sports and betting appeal to you more, the sports betting bonus will be the better choice. Remember, you can only activate one bonus at a time.

Step 3: Complete the registration

Next, fill in the necessary information about yourself, such as your name, address, phone number, and email. Be careful with the details to avoid any issues later when you wish to withdraw winnings. Once you’ve completed this, confirm your account to finish the registration.

Step 4: Make a first deposit

To unlock the bonus, you need to deposit funds into your account. You will find a dedicated page for deposits, where you can choose the payment method that suits you best. Many choose traditional bank cards, but e-wallets and other digital solutions are also available. Make sure that the minimum deposit amount (€20) is sufficient to activate the bonus.

Step 5: Receive the bonus funds automatically

Once your deposit is completed, the bonus funds will appear in your account. You can now use them for casino or sports betting, depending on which package you chose in step 2. Make sure to skim through the full terms and conditions regarding wagering requirements and deadlines so you know what is expected of you before you can withdraw any winnings.

Below, you’ll get a more in-depth look at what BankonBet has to offer, so you’re well-equipped to take full advantage of the bonus benefits. You’ll see which game categories are available, what promotions may come up later, and how to ensure everything runs safely and efficiently.

Terms and Conditions for the Casino Bonus at BankonBet

Before taking advantage of BankonBet’s casino offer, it’s a good idea to understand how the wagering requirements and other basic bonus terms affect your gaming experience. Below is an overview of the most important points, so you can avoid unpleasant surprises and focus on the entertainment.

Wagering Requirements

BankonBet usually imposes a wagering requirement where both your deposit and the bonus amount must be wagered 35 times. Let’s say you deposit €100 and receive the same amount in bonus; in total, you have €200 to play with. To withdraw any potential winnings, you need to wager €7,000 (200 x 35).

Maximum Bet

Since you also receive free spins as part of the casino package, these must be used within a specified time frame, often within 24 hours. All winnings from the free spins must also be wagered 40 times before you can make a withdrawal. It may be wise to prioritize using the free spins before they expire.

Maximum Winnings

At BankonBet, there is no upper limit on how much you can win with the casino bonus. As long as you complete the wagering requirements within the given deadlines, you are free to withdraw the full amount of your winnings in one go.

Terms and Conditions for the Sports Betting Bonus at BankonBet

For those of you more interested in sports betting, BankonBet offers a separate bonus with a slightly different set of conditions than for the casino. Here, the terms may vary in terms of which types of bets qualify and which odds contribute to the wagering.

Wagering Requirements

When you use the sports welcome package, you must wager both the deposit and bonus money five times. Each individual bet must have at least 2.0 odds to count, while combination bets may have a lower requirement per individual match (1.50 average odds). You should avoid cashing out your bets too early, as they will no longer contribute to the wagering requirement.

Maximum Bet

BankonBet typically allows you to place up to €50 per individual bet when using bonus money on sports bets. This gives you flexibility, but remember, you must always follow the minimum odds requirements for the bets to count towards the wagering requirement.

Maximum Winnings

Similar to the casino bonus, BankonBet has no upper limit on how much you can win on sports betting when using the welcome bonus. As long as you meet the bonus terms within the deadline, you keep the full winnings.

Other Bonuses at BankonBet

In addition to welcoming new players with a generous sign-up bonus, BankonBet offers a wide range of other promotions and bonuses that you can take advantage of. Whether you’re the type who swears by weekend promotions, appreciates a weekly top-up of free spins, or is after cashback and VIP perks, this operator has something to suit most players. Below is an overview of what you can expect once you get started.

Weekly Free Spins Top-Up

If you’re looking for a little extra action during the week, you can take advantage of BankonBet’s campaign for weekly free spins. By making a qualifying deposit between Monday and Thursday, you’ll receive a fixed number of free spins on a specifically selected slot. The games are often switched week by week, allowing you to try new titles regularly.

Wagering Requirements on Free Spins

Any winnings from these free spins must normally be wagered 40 times. This means you must wager the winnings 40 times in the casino before you can make a withdrawal.

Maximum Bet with Free Spins

While using these free spins or any bonus funds you win from them, you cannot bet more than €5 per spin. It’s a good idea to keep track of your bet size to ensure you meet the requirements and avoid losing winnings.

Maximum Winnings from Free Spins

There is no upper limit on winnings from this campaign. Once the wagering requirement is met, you are free to withdraw all the money you have won.

Weekend Campaign

Every weekend, players at BankonBet can extend the fun by taking part in a special weekend promotion. This offer gives you a 50% deposit bonus, plus the possibility of receiving free spins on selected slots if you deposit a higher amount. The campaign is available from Friday to Sunday and provides a great way to start the weekend fun with extra playing capital.

Wagering Requirements for the Weekend Campaign

To withdraw any winnings from this weekend bonus, both the deposit and bonus funds must be wagered 35 times. If you also receive free spins, the winnings from those spins must be wagered 40 times. It’s important to keep track of how much you’ve wagered so that you know when you can make a withdrawal.

Maximum Bet for the Weekend Campaign

During the wagering period, there is a maximum bet of €5 per game round or spin. Make sure not to exceed this amount, as doing so could risk canceling the bonus and any associated winnings.

Maximum Winnings from the Weekend Campaign

BankonBet imposes no limit on how much you can win with the weekend campaign. Once the wagering requirement is met within the deadline, you can withdraw the full winnings without any cap.

Cashback on Live Casino and Slots

If you find yourself experiencing a streak of bad luck at the tables or with the slots, BankonBet’s cashback scheme can provide you with a new opportunity. Here, you get a portion of your losses refunded, whether you’re playing traditional slots or live casino games. Cashback is typically paid out weekly and comes with a low wagering requirement.

Wagering Requirements on Cashback for Live Casino and Slots

The cashback bonus only needs to be wagered once, making it one of the most user-friendly bonus terms. This means you can quickly withdraw your winnings if you land a good winning screen after receiving a refund of your losses.

Maximum Bet with Cashback on Live Casino and Slots

When betting with cashback funds, there is usually a limit of €5 per game round. Always check the specific rules for the promotion period to ensure you stay within the limits.

Maximum Winnings with Cashback on Live Casino and Slots

BankonBet does not impose a cap on cashback winnings, meaning you can win as much as you like. Once the wagering requirement is met, you can withdraw all the winnings.

VIP Program with Five Tiers

BankonBet has a VIP program that spans five levels. The higher you climb, the better campaigns and benefits you can unlock. Among the perks are:

• Faster withdrawals and higher withdrawal limits when you reach the highest VIP tiers.
• Increased cashback percentage on slots.
• Personalized bonus offers and a dedicated customer contact at the highest levels.

Wagering Requirements on VIP Program

Wagering requirements can vary based on the VIP bonuses you receive. Usually, the requirement is 1x for cashback, but some special bonuses may have higher requirements.

Maximum Bet with VIP Program

Most VIP offers follow the same bet limits as regular bonuses, i.e., €5 per round. Check the terms for each level, as higher VIP tiers may open up more relaxed limits.

Maximum Winnings with VIP Program

It is very rare for the casino to set an upper limit on winnings achieved through VIP offers. In most cases, you can withdraw all your winnings once the wagering requirement is fulfilled.

Bonus Shop with Coins | Buy Yourself Benefits

Another fun feature at BankonBet is that you collect coins while you play. You can later use these coins in a dedicated bonus shop where you’ll find free spins, extra bonus money, free sports bets, and occasional surprises. The coins do not expire, so you can decide whether to use them immediately or save them up to purchase something special.

Payment Methods at BankonBet

When you choose to play at BankonBet, there are several payment methods for deposits and withdrawals to choose from. Here, you’ll find traditional payment cards like Mastercard, one dedicated e-wallet in the form of Mifinity, as well as a solid list of cryptocurrencies for those who prefer digital coins. Below, you can read about how each method works, what the minimum deposit is, and what the various limitations and benefits of each option are.

Mastercard

You can use Mastercard as a deposit method at BankonBet. You cannot withdraw funds in the same way, so you’ll need to choose a different method for withdrawals. The minimum deposit is 12 EUR, and no fees are involved.

Mifinity

Mifinity works for both deposits and withdrawals, but you must load your e-wallet before transferring funds to your gaming account. Once it is loaded, you can easily make a deposit at BankonBet with a minimum of 15 EUR. There are no extra fees, and you can also withdraw funds back to Mifinity if you win.

Paysafe, Skrill, and Neteller via Utorg

Paysafe, Skrill, and Neteller via Utorg offer several e-wallets and prepaid card options. For Skrill and Neteller, the minimum deposit is 10 EUR, while Paysafecard requires 12 EUR as a minimum. You can use the same services for withdrawals, as long as you have topped up your e-wallet beforehand.

Bank Transfer (SEPA)

Bank transfer (SEPA) is available when you want to withdraw winnings after depositing with, for example, VISA. The minimum withdrawal amount is 20 EUR, and there are no fees for the transaction itself. Withdrawal amounts can range from 15 EUR to 2000 EUR.

Revolut via Bank Transfer

Revolut via bank transfer allows you to transfer funds from BankonBet to your Revolut account when you’ve won. The minimum withdrawal is 20 EUR, and there are no hidden fees. You are free to transfer between 10 EUR and 2000 EUR per transaction.

Bitcoin (BTC)

Bitcoin (BTC) provides a fast and anonymous way to make both deposits and withdrawals at BankonBet. The minimum deposit is 30 EUR in BTC, and for withdrawals, you can take out between 70 EUR and 5000 EUR. There are no fees for the transaction itself.

Ethereum (ETH)

Ethereum (ETH) is perfect for those who want to deposit and withdraw larger amounts. You can transfer at least 10 EUR in Ethereum, and withdrawals can be between 47 EUR and 5919 EUR. There are no fees from BankonBet for this method.

Bitcoin Cash (BCH)

Bitcoin Cash (BCH) is another popular crypto option for transfers. You can deposit a minimum of 12 EUR in BCH, and the same amount applies for withdrawals, up to 5919 EUR. This method offers the same speed and security as other cryptocurrencies.

Litecoin (LTC)

Litecoin (LTC) is a fast and cost-effective option for deposits and withdrawals. The minimum transfer is 10 EUR when depositing to your gaming account, and you can withdraw between 10 EUR and 5000 EUR in winnings. Transactions are typically processed quickly.

Dogecoin (DOGE)

Dogecoin (DOGE) is a cryptocurrency that allows you to play with small or large amounts. You can deposit at least 10 EUR in DOGE, and if you win, you can withdraw between 10 EUR and 5000 EUR. There are no extra fees at BankonBet for this method.

USDCoin (USDC)

USDCoin (USDC) is a stablecoin tied to the US dollar, and it is available for both deposits and withdrawals. The minimum deposit is 12 EUR worth of USDC, and the withdrawal range is from 35 EUR to 5919 EUR. There are no transaction fees eating into your winnings.

Tether USD (USDT)

Tether USD (USDT) is a pegged currency that helps you avoid fluctuations in the crypto market. The minimum deposit at BankonBet is 20 EUR worth of USDT, and you can use this same method for both deposits and withdrawals. Transfers are fast, and there are no additional fees.

Binance Pay

Binance Pay allows you to transfer cryptocurrency from your Binance wallet directly to your BankonBet account. The minimum deposit is 24 EUR in cryptocurrency, but you cannot withdraw back to Binance Pay. If you want to withdraw, you’ll need to use another crypto or payment method.

Ripple (XRP)

Ripple (XRP) is another option for fast and inexpensive transfers. You can deposit an amount equivalent to at least 10 EUR, and you are free to make withdrawals with the same method. It’s a popular method for those experienced with crypto.

Tron (TRX)

Tron (TRX) can be used for both deposits and withdrawals, and you need no more than 1 TRX to get started. There are no extra fees at BankonBet, giving you more to play with. This currency is known for its fast processing time.

ERC20 (Tether)

ERC20 (Tether) offers a stable reference against the US dollar and makes it easy to track the amounts you are playing with. The minimum deposit is 12 EUR, and the withdrawal process is the same. This is a good option for those looking to avoid large currency fluctuations.

TRC20 (Tether)

TRC20 (Tether) is an alternative standard on the Tron network, which often leads to faster transactions and lower fees overall in the crypto world. The minimum deposit is also 12 EUR, and you can send out winnings the same way. This method offers the same stability as regular Tether.

Binance Pay

Binance Pay offers a new way to handle cryptocurrency in and out of your gaming account. The minimum deposit here is 20 EUR, and everything happens quickly through the Binance ecosystem. You can also use the same service when you want to withdraw winnings, as long as you follow the applicable terms.

The History of BankonBet Casino

BankonBet Casino was launched on January 1, 2025, and is the latest casino from the gaming company NovaForge Ltd. Previously, they have launched well-known brands such as CrownPlay, PowerUp, and Spinight – all of which have received positive reviews from Kingbonus. Currently, BankonBet does not have a direct link to the license at the bottom of the homepage, although this is something many players prefer to check. However, we have managed to track down that the company operates under a valid license issued by the Anjouan Gaming License Authority. If you wish to view the license in detail, you can search for NovaForge Ltd. in the official license registry.

Game Selection

If you enjoy variety and the opportunity to try something different each time you log in, BankonBet offers a great selection. Various categories are available, allowing you to navigate between new releases, seasonal variations, and games with special features. Everything is organized in a menu where you can click into Megaways, live experiences, and various promotions. Additionally, the site features its own “Bonus Crab” setup, where you can collect rewards during game rounds. The only downside is that more detailed filters could be helpful, such as sorting by theme or game features to a greater extent.

Game Developers

A mix of well-known names and smaller, less established studios are behind the games available here. In total, BankonBet has 113 registered game developers, with giants like Play’n GO, Pragmatic Play, Netent, and Evolution Gaming dominating. These giants are combined with a handful of smaller studios bringing fresh ideas and new concepts. The website works just as well on mobile as on PC, meaning you can start playing your favorite games no matter where you are.

Slot machines at BankonBet

Those who prefer slot machines can explore a library with over 10,000 different titles. Here, you’ll find everything from Star Joker, Fish and Spins, and Faust to new releases and special games. A dedicated filter for Megaways and slots with bonus buys helps you focus on exactly the type of feature you want. Beyond this, the filtering is relatively simple, but the vast volume covers most needs.

Jackpot games at BankonBet

There is a dedicated area for high-win games, where you can try everything from Skull Riches (hold and win) and Plenty of Fruit 20 Hot to Bell of Fortune and Mega Moolah titles. There is also a section called “Jackpots” which includes both daily prizes and fixed jackpot games. While some of the biggest international classics may be missing, you’ll still find a great selection in this category.

Roulette at BankonBet

There isn’t a dedicated roulette button in the main menu, but with a quick search, several variations appear, including French, American, and European roulette. If you need a better overview, it’s helpful to visit the live casino section, where these game tables are presented with live dealers. This way, you get a clearer insight into what’s happening at each table, and you can see which betting levels are available.

Blackjack at BankonBet

A search for “blackjack” reveals a high number of variants, such as 21 Burn Blackjack, 3D Blackjack, and versions based on both American and European rules. This section is available as both automated games and live dealer tables. According to the overview, there are well over 200 options, making it easy to find a suitable table level if you enjoy card games focused on 21.

Live Casino at BankonBet

If you want to sit down at a virtual table and experience the atmosphere that comes with real cards being dealt, the live gaming section is the place to start. Everything is organized into categories, including roulette, blackjack, baccarat, dice games, poker, and various shows. Each section presents a list of tables with different betting limits.

Live Casino Games

Within the live casino section, you’ll find several popular roulette variants, such as Mega Roulette, Speed Roulette, and Power Up Roulette. Additionally, there’s Lightning Roulette from Evolution, along with other tables from Pragmatic Play. If you prefer show-themed experiences, Crazy Time and Cash Collect Roulette might be of interest.

Bonuses for Live Casino

In the live casino section, there’s a dedicated bonus offering a 25% refund on any losses. This differs from the bonus system for slot machines, where only certain players with higher VIP status can access similar cashback. However, this refund is available to all players who choose one of the live tables. The turnover requirement is set at 1x, meaning withdrawals can usually be processed without much additional play.

Sports Betting at BankonBet

If you’re a football fan, you’ll find several well-known tournaments under the sports betting section at BankonBet. Matches from the UEFA Champions League, Europa League, Premier League, and national fixtures from Eliteserien are listed, along with options for betting on basketball, handball, tennis, table tennis, and baseball. If you’re interested in electronic competitions, esports betting is also available, featuring a variety of games and tournaments. You can choose to place bets before the matches start or make live betting wagers while the games are in progress, if you enjoy reacting quickly to real-time events.

Betting Bonuses at BankonBet

If you’re looking for something extra when it comes to odds, it might be worth checking out the betting offers that appear regularly. When you create an account, there is a 100% betting bonus up to €200 at your first deposit. The wagering requirement is 5 times the deposit plus bonus, and you’ll receive an explanation of what must be fulfilled before the winnings can be withdrawn. In addition, BankonBet offers odds boost bonuses and various promotions with weekly top-ups, such as 50% up to €500.

Withdrawal Process at BankonBet

If you plan to withdraw your winnings, you will encounter specific transaction limits and a procedure that varies based on your account level. The lowest level allows you to withdraw up to €50 per day, with a maximum monthly withdrawal limit of €700. If you advance to higher levels, you can transfer up to €1500 daily and €20,000 per month.

Processing Time and Fees

All deposits must be wagered at least once before you request a withdrawal. If you do not follow this rule, a 10% fee will be applied. If the deposit was made via card or bank transfer, the fee increases to 15%. Typically, the withdrawal processing time takes up to three business days, but if the request falls over the weekend, it may take a little longer as the financial team works on weekdays. Occasionally, there may be cases where you and BankonBet agree on a personal withdrawal plan. Such adjustments mean that terms and conditions may vary between users depending on how the account is set up.

How to Verify Your Account Before Withdrawal

All withdrawal requests require you to submit valid documentation of your identity and address. It is common to use a passport or driver’s license, along with a utility bill or bank statement to confirm your residence. The approval processing time often takes a few days, and it’s advisable to complete the verification early to avoid waiting longer when withdrawing your winnings.

Customer Service at BankonBet

If you need assistance, you can find live chat available around the clock, as well as a dedicated email address if you wish to write more extensively. When we tested this ourselves, response times varied from a couple of minutes to slightly longer, depending on the time of day we reached out.

Through test questions about bonus terms and withdrawal guidelines, we primarily received thoughtful responses, and it was clear that the person replying had read the inquiry first. In one case, we asked what happens if a deposit is not registered, and the answer included a step-by-step description of how we should proceed to resolve the issue.

For those who prefer to find solutions on their own, there is also a help section with explanations for common problems. Things are often listed in steps so you can try to resolve the issue without waiting for a chat response. This option can save time if what you’re looking for is easy to figure out on your own.

How We Tested BankonBet

Our methodology is always based on actual conditions for users. When we logged in and used the most common payment methods, this formed the framework for assessing the overall experience in practice. Below is an overview of the main points we examined.

Registration: The first step was to create a new account and fill in the requested information. At the same time, we selected a welcome bonus directly in the form. We noticed that everything went smoothly without technical issues, and the messages along the way were clear enough that there was no doubt about what needed to be done.

Bonus Offers: We compared different bonus schemes by checking how much needed to be deposited, the wagering requirements, and whether free spins were included.

Deposits and Withdrawals: Next, we deposited money through common payment methods and confirmed that the balance was updated immediately. During withdrawals, we checked how long it took and if there were any limits. We noted that some methods only handle deposits, meaning you might need to switch the method for withdrawals.

Game Selection: To see what was available on the site, we used the search function and visited slots, live tables, jackpot games, and the sports section. The lack of a more precise filter was noted, but the search field worked well for well-known titles.

Customer Service: Finally, we contacted customer service via live chat and received relatively quick responses. At times, it took a little longer, but the overall impression was that the inquiries were read before a reply was given. We also found a help section on the site, where explanations for common questions were listed.

Responsible Gambling

Everyone is encouraged to maintain a conscious approach to responsible gambling and personal gambling habits, and BankonBet has dedicated space to this topic in its information section. However, it is not possible to change limits directly through the account section. Instead, you must contact customer support every time you wish to adjust your gambling limits. This solution may feel cumbersome in an era where many competitors allow users to manage restrictions directly on their profiles. Such tools can often help prevent issues, so it is unfortunate that here, you must go through another channel for even minor changes.

Conclusion of Our BankonBet Test

If you enjoy the option to switch between slots, live tables, and sports, you’ll find everything gathered here. During our evaluation, we noticed that the entire game catalog includes a wide variety of slots, live casino games, and a sports section for odds. Additionally, there are bonuses covering both casino and sports, which is a clear advantage. Extra promotions throughout the week, cashback on live games, and a dedicated VIP program offer more opportunities along the way. It is somewhat inconvenient that certain deposit methods do not support withdrawals and that you must contact customer service to adjust responsible gambling settings. However, overall, the site appears to be a decent solution if you’re looking for many options under one roof. We hope they continue to improve the user experience, including by incorporating simpler tools for personal limits and more precise search functions.

Advantages:

• Cryptocurrency can be used for deposits
• The VIP system provides higher limits over time
• Bonuses available for slots, live games, and sports
• No win cap on deposit bonuses or cashback

Disadvantages:

• Some payment methods lack withdrawal functionality
• You must contact support to change personal gambling limits