My Honest Katsubet Review (Tested With A Real Deposit)

I have noticed that Katsubet has received positive reviews on many affiliate websites. The fact that this casino operates both with fiat and crypto payments makes it suitable for me to give it a shot and compile my own opinion.

To write this Katsubet review, I will make my first deposit, check the bonuses and promotions that the casino offers, talk to customer support and request a cashout. This is not a sponsored review, as I will risk my own money to play here, and I will try to compile an unbiased and fair opinion.

✔️ Is Katsubet legit? (5/5)

Katsubet is a licensed casino that operates under the Curacao authority. This is the type of license that most crypto-friendly platforms are using. Curacao license allows launching a gambling business with no hassle and with minimal investments.

Due to the fact that the Curacao license is one of the easiest to get, you need to be very selective when thinking about playing on these platforms. There were several cases in the past when Curacao casinos refused to pay winnings and local authorities do not conduct any type of investigation.

After checking for scams or unresolved issues online I was not able to find any shady cases related to Katsubet. The casino was established in 2020, so it has a proven track record of stable operations. This section of Katsubet’s review gets the maximum five out of five points from me.

🎲 Games and providers (5/5)

After opening the list of providers I was a bit shocked by the number of game studios presented at Katsubet.

Some of the providers are small and unknown, but industry leaders such as Microgaming, Pragmatic Play, Nolimit, and Push Gaming are also included in the arsenal.

For those who love to play with live dealers, there are some tables presented by Evolution and Ezugi, two of the most popular companies in the live casino field.

This section of the review gets the maximum amount of points again. The selection of games in Katsubet casino is just impressive and you will not have any problems picking a game to play.

🎰 Slots RTP (0/5)

You will not find any information related to the RTP anywhere on Katsubet’s website. The support agent advised me to seek these rates in the game setting or on the provider’s pages.

The absence of the Return to Player rates is especially bad as there are wagering requirements applied to all Katsubet’s bonuses and promotions. Choosing a game with a higher RTP might help a lot in clearing the wagering, but it is a real headache to look for the rates outside the platform. This section of Katsubet’s review is not getting any points, unfortunately.

💰 Payment methods (3/5)

Katsubet is offering both fiat and cryptocurrency payment methods. For crypto gamblers, there are 8 different coins available: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Ripple, Tether, and Tron.

The minimal deposit amount for Bitcoin is 0.0001 BTC. The page that informs about payments also says that there is a 0.00002 BTC deposit fee in place, although this was not applied to my actual deposit.

The withdrawals are free of charge and the min cashout amount for Bitcoin is 0.002 BTC.

However, if we check the information right in the withdrawal window, then it shows a minimum of 0.001 BTC instead. It looks like the data on the ‘Payments’ page is outdated, as I was able to request and receive a withdrawal of 0.00102 BTC.

There is a 3x wagering requirement for the deposited amount if you play slot games and a 10x wagering amount for live or table games. Compared to other crypto casinos, these requirements are a bit too high. The standard and most common rule here is a 1x wagering requirement regardless of the type of games that you are playing.

I have made my first deposit using Bitcoin.

The balance was credited instantly without any confirmation from the Bitcoin network.

I deduct two points in this section of Katsubet’s review. The first point is deducted for the high wagering requirements applied to the deposited amount. The second point goes off due to the misinformation related to the deposit fee and minimum withdrawal amounts.

🚀 Welcome bonuses (1/5)

The welcome bonus package at Katsubet consists of four bonuses that you can take on your first four deposits. The first deposit bonus is a 100% match bonus up to 1.5 BTC plus 100 free spins.

For further deposits, you can only get match bonuses with different rates.

While the bonus amounts might look generous, there are multiple restrictions applied to the welcome offer.

First of all, you will have to wager the bonus amount 45 times, before the bonus money will become available for withdrawal. Free spins winnings have a 50x wagering requirement.

The second restriction is connected to the max winnings cap that is applied to the free spins.

I did not request this welcome offer on my first deposit. Why? Because the wagering requirements are too high and there is only a miserable chance to clear this bonus. It would only be possible if I have an extremely lucky session, this will give me the opportunity to beat the math.

Let’s make some calculations. If I deposit 100 USD and activate the welcome bonus, then my account will be credited with an extra 100 dollars, and I would have to wager 100 x 45 = 4500 USD in order to fulfil the wagering requirements.

The average Return to Player rate of slot games is 96%. It means that in the long run, you will win 96 USD after placing bets worth 100 USD. In my example, I have to wager 4500 USD. How much money would be left on the balance after finishing the wagering process?

4500 x 4% = 180 USD

In the long term, I would lose 180 USD after making bets worth 4500 USD. Taking into account that my starting balance in this example was 200 USD, I would have only 20 USD left after completing the wagering requirements.

This welcome offer can give you some extra playing time, but mathematically it was created against the player. I can only give one point to this section of the review. The welcome package offered by Katsubet is not worth taking at all.

📢 Promotions (2/5)

At first glance, Katsubet is offering tons of different casino promotions. But they all share the same problem: high wagering requirements.

Daily slot combat tournament

It has 50x wagering requirements for the winnings gained in free spins.

Weekly KatsuBattle

10x wagering requirement for the cash prizes and 45x for the free spins.

Monday reload bonus

This 25% match bonus has 50x wagering requirement.

Wednesday free spins

50x wagering requirement for the winnings gained in free spins.

Thursday loot boxes

50x wagering requirement applied prior to the withdrawal option.

Daily cashback up to 10%

You need to deposit a minimum of 295 USD to be eligible for at least 5% cashback the same day.

The cashback bonus is also subject to 15x wagering requirements.

VIP program

The vip program will reward you with free spins and cash bonuses on the higher levels.

You need to collect 20 status points in order to move on to the second level.

One point is credited for each 50 USD / 0.0012 BTC in bets.

All the level up rewards are also given out with wagering requirements.

You will additionally get KatsuPoints while playing, the rule for receiving those is the same as for the Status Points.

KatsuPoints can be exchanged for money with a 5x wagering requirement.

The minimal exchange amount is set to 100 KP, meaning that you need to wager 5000 USD to collect this amount.

I was able to wager 0.012 BTC (around 500 USD) and got only 10 SP and KP while testing Katsubet, which is not enough to get any level up or exchange reward.

I give this section of Katsubet review two points out of five. While the selection of promotions offered at this casino might look promising, all of these promos have solid wagering requirements attached. Every prize you win here will stimulate you to make more and more bets, pushing you against the house edge of casino games.

I respect when gambling platforms offer wagering-free promotions. I guess this is the fairest way to organize promos for players. The prizes should reward players, but Katsubet simply adds more and more wagering requirements, hoping that you will lose everything, including the prize that was just credited.

🔎 KYC and anonymity (1/5)

You will have to enter your personal information and even your address during the registration process.

Katsubet is operating under a Curacao licence, meaning that KYC verification might be asked any time.

I have received this email after requesting my first withdrawal. Katsubet has requested me to upload an identity document.

I started to prepare the photo of my document, but two minutes later I received another email saying that my withdrawal was confirmed. I am not sure what exactly happened, and why my cashout was released before I passed the verification process. It looks like the KYC is usually asked here before the first withdrawal, but due to some miscommunication, I was able to get money without passing the verification.

This section of the review gets only one point from me. You will have to enter all your personal details during the registration process and most likely you will be asked to pass the KYC verification on your first withdrawal. The Curacao license does not require casinos to collect personal data and commit the KYC checks so early. Most Curacao casinos ask for verification when the sum of withdrawals exceeds 2k USD.

👨‍💻 Customer support (3/5)

I was not able to find a Live chat option during the first hour of my Katsubet testing process. The only option available for the support was a contact form. I have sent one question using this form and received an answer 35 minutes after.

In one hour, the Live chat button appeared in the right bottom corner of the website. I have asked the support team if their live service is 24/7, and they claimed that it is.

Then I decided to ask about the RTP rate and the agent asked me to provide the details of my account (two times), although my question was not anyhow related to my account.

It looks like Katsubet’s live support is not 24/7 and this is the reason for me to remove one point. Another point is removed for the service quality, which was not always at the necessary standards. As a result, this section of the review gets three points out of five.

⚡ Speed of withdrawals (4/5)

I have requested my cashout back to the same Bitcoin wallet at 15:40.

The transaction was sent 50 minutes later at 16:29

The withdrawal process here is not instant, but still, it took less than an hour to send the payment. This section of Katsubet’s review gets four points. I usually give the maximum rating here when my withdrawal is processed in less than 20 minutes.

🌐 Is VPN allowed? (3/5)

There is no information regarding the usage of VPN in the casino’s Terms and Conditions. The support agent told me that you cannot use VPN to bypass the provider’s block.

I give this section three points. While it looks like the VPN is not forbidden, there is still a possibility that your winnings might be confiscated. Together with a mandatory KYC verification, the usage of a VPN might be dangerous.

🏁 Final verdict (2.7/5)

There are no advantages that Katsubet might have compared to other top cryptocurrency casinos. The selection of the games is good, but this is the only positive thing connected to this gambling platform. Every prize you get here will be restricted with wagering requirements forcing you to lose the entire bankroll.

Don’t waste your time and money with Katsubet. There are lots of better cryptocurrency gambling platforms offering the same arsenal of games, no wagering bonuses, instant withdrawals, and rewarding loyalty programs.