BetPanda Casino Review 2025 – We Played With Real Crypto
Since 2023, BetPanda has marketed itself as a KYC-free, VPN-friendly crypto casino for players who want to gamble anonymously. It offers thousands of slots, table, and live casino games, plus sports betting. In this BetPanda casino review, I’ll be examining the welcome bonus and promos, payments, service, user experience, and playing games with real crypto. And, as always, I’ll finish things by checking out what other players are saying about this crypto gambling site.
License and Security
Since 2023, BetPanda has marketed itself as a KYC-free, VPN-friendly crypto casino for players who want to gamble anonymously. It offers thousands of slots, table, and live casino games, plus sports betting. In this BetPanda casino review, I’ll be examining the welcome bonus and promos, payments, service, user experience, and playing games with real crypto. And, as always, I’ll finish things by checking out what other players are saying about this crypto gambling site.
BetPanda does not hold a license from any gambling regulator.
BetPanda is operated by SBM S.R.L., based in San Pedro, Costa Rica
The site security certificate is valid and the connection is showing as “secure”

Welcome Bonus
The BetPanda welcome bonus is theoretically worth 100% of your first deposit up to 1 BTC. However, it is subject to a “40x” wagering requirement. But, that’s 40x the value of your bonus + your deposit, so it’s really 80x the bonus amount. Advertising it as “40x” is extremely deceitful.
So, using the Bitcoin price ($95K) at the time of writing this BetPanda review, to get a 1 BTC bonus, you would have to deposit BTC worth $95,000 and then wager $7,600,000 worth ($95K deposit + $95K bonus, x 40) - yep, that’s $7.6 MILLION worth of BTC. And, you’ve got to complete that within 7 days. I don’t know whether to laugh or cry. Yet again, we see a crypto casino misselling an offer to make itself seem generous, relying on the fact that many people won’t do the maths. It’s not a good look and crypto casinos need to stop this.
Game weighting also applies, so different types of games contribute to wagering differently. And, while this isn’t particularly unusual at online casinos, here at BetPanda, only slots contribute 100%, live games contribute just 20%, and provably fair games count for a meaningless 1%. Selected games, other types of games, and sports betting do not contribute at all.
Are there any positives to the BetPanda crypto casino welcome offer? Well, claiming the BetPanda sign-up bonus is easy enough. Just open your account, make a deposit, and start wagering on games. There’s no minimum deposit, and the maximum bet while using bonus funds is a reasonable $10. Also, the terms and conditions are, surprisingly, clearly written and included on the promotional page itself.

Opening a New Account
Signing up with BetPanda is extremely easy, although there are no options to log in using a third-party service like Google, Telegram, or MetaMask.
Click the “Sign up” button at the top right of the screen. Provide a valid email and set a strong password. Then confirm you’ve read and agreed with the Terms of Service and click “Sign Up” - that’s it, you’re all done.

Payments
BetPanda.io supports a reasonable range of popular cryptocurrencies, though nowhere near as many as competitors like BitFury and Gamdom.
Crypto Deposits & Withdrawals:































To make a deposit, click the “Deposit” tab and select the crypto you would like to deposit. Your deposit address will be provided in both alphanumeric and QR code format.
To withdraw crypto, click “Cash Out”, select your crypto, and enter the amount you want to withdraw. Then enter the address of the crypto wallet you would like to withdraw to. Make sure you select the appropriate network if applicable.

CoinBets.com Tip: Always double-check crypto wallet addresses after pasting them - you don’t want to fall victim to ‘PasteJacking’. This is when hackers exploit the copy-paste function to change wallet addresses to steal funds.
Game Selection
At the time of writing this review, more than 6,000 titles from over 70 game providers were available at the BetPanda crypto casino. There’s a basic search function, and you can also filter games by provider, type, and features including Buy Bonus, Grid Slot, Hold & Win, Jackpot, Megaways, and Provably Fair.
In common with most online casinos, the bulk of the games at BetPanda are slots. You’ll find recent releases from big-name studios, like Aztec Smash from Pragmatic Play, Outsourced: Payday from NoLimit City, and Fire My Laser from Hacksaw Gaming. There are also plenty of older classics available, like Starburst from NetEnt and Lucky Lady’s Charm Deluxe from Novomatic.
Megways slots fans are well catered for at BetPanda, with nearly 200 titles to choose from. These include hits like Madame Destiny Megaways from Pragmatic Play, Who Wants to be a Millionaire Megaways from Big Time Gaming, and Blockchain Megaways from Booming Games. Likewise, there are around 200 jackpot slots, including huge progressive jackpot games like the Mega Moolah and WowPot series from Games Global (Microgaming).

Fire My Laser (Hacksaw Gaming)

Released in December 2024, this cheesy retro sci-fi slot instantly caught my eye when I saw it at the top of BetPanda’s slot listings. It’s got 7 reels and 6 rows, a free spins bonus round, a max win of 15,000x your bet, an RTP of 96.31%, and a medium/high volatility rating.
But, most of all, it’s got lasers. Seriously, that was the best thing about it. I mean, the gameplay itself was pretty disappointing - a whole lot of action seemed to be happening for not much in the way of wins. But, heck, when those lasers flash across the screen, it's just cool. Oh, and the bonus round features a big green space worm. But, still, the wins sucked. I don’t think I’ll be wasting time on Fire My Laser again.
Frustratingly, there is no dedicated crash games category or filter at BetPanda, but if you search you can at least find games with “crash” in their title. In addition to the ubiquitous Aviator from Spribe, you’ll find titles like Crash X from Turbo Games, Crash 1917 from Imoon, and Dragon or Crash from Dragoon Soft.
You’ll also have to search for scratchcards, but there is a decent selection available. These include the ever-popular Scratch! series from Hacksaw Gaming, and options like Ice Scratch, 3 Kings Scratch, and Luck & Magic Scratch from BGaming.

The Live Casino Lobby at BetPanda is well organized. There are separate sections for VIP Blackjack, Game Shows, Blackjack, Roulette, Baccarat, Sic Bo, and Craps, making it exceptionally easy to browse. Additionally, while many crypto casinos only offer live dealer games from two or three providers, BetPanda carries games from 8 studios; 7Mojos Live, Asia Gaming, BETER Live, Evolution, Ezugi, Live88, Pragmatic Play Live, and SA Gaming.
There are well over 140 live blackjack tables available, including Speed Blackjack, Free Bet VIP Blackjack, Bet Behind Pro Blackjack, and Easy Blackjack. Around 100 live roulette tables are offered, including various native language options like Spanish, Italian, Turkish, and Hindi. Also, the choice of live baccarat is impressive with almost 200 tables, while the sic bo range is more limited with 7 options, and there’s a single live craps table.
The Game Show section features popular games from Evolution and Pragmatic Play, like Lightning Storm, Crazy Time, Monopoly Big Baller, Deal or No Deal, Dream Catcher, and Boom City.

Deal or No Deal (Evolution)
Oh dear, what can I say? I’d got myself all excited with fond memories of watching Noel Edmonds on Channel 4 every Saturday back in the old days. But, alas, after spinning the slot for a few minutes, I didn’t manage to land the 3 Deal or No Deal symbols to qualify for the bonus live game.
Still, if you do manage to qualify, you’ll essentially experience something like the original TV game show. But, before you do, you’ll get the chance to spin the Top-Up wheel. During this, you can increase the value of selected briefcases by 5x - 50x your bet.
When the bonus game starts, it closely follows the format of the original TV game. The player’s case remains unopened until the end, and as other cases are opened and their contents revealed, the banker makes offers to buy back the player’s case. The player must decide whether to stick with the original case, in the hope it contains a large cash sum, or take the banker’s offer and sell the case. Exciting stuff.

There’s no main category visible for table games at BetPanda, but if you click on “Features” and scroll to the bottom, you’ll find “Table Games.” And, with over 200 table games and video poker titles available, the choice is pretty solid. You’ll find some BetPanda-branded games from OneTouch, including Blackjack, Roulette, and High Hand Hold’em Poker, alongside popular games like First Person XXXTreme Lighting Roulette and First Person Dream Catcher from Evolution, along with plenty of more standard table games from the likes of Nucleus, GameArt, and Betsoft.

Again, to find bingo and keno games you’ll have to use the search function. And, to be honest, it doesn’t turn up much. There are just a handful of games from Caleta Gaming, Dragoon Soft, Manna Play, Galaxsys, Spribe, and Turbo Games.
Unlike today’s best crypto casinos, BetPanda doesn’t offer any in-house original provably fair games (there is a BetPanda branded Plinko, but it's by OneTouch). However, on the plus side, the provably fair games are easy to find, having their own category accessible from the main menu. At the time of writing, 20 provably fair casino games were available, including Avia Masters from BGaming, Big Bass Crash from Pragmatic, Limbo Rider from Turbo Games, and Boxes Dare2Win from Hacksaw.
You can find out more about provably fair gaming at crypto casinos with CoinBets’ Introduction to Provably Fair Gaming.

Limbo Rider (Turbo Games)

I couldn’t resist the retro 80’s style graphics of Limbo Rider, but I’ll admit, I was a little disappointed by the gameplay. I’m not entirely sure why - the graphics were fun, and simple games can still be highly entertaining. But, something just didn’t do it for me with this game. To play, you simply set a bet and a target multiplier and then let the car rip. If the car hits your multiplier before speeding off, you win, if not, you don’t. It’s a variant of the crash game, just without a crash.
Towers (Turbo Games)

This game perfectly illustrates what I was just talking about. Tower is very simple, both in terms of gameplay and graphics, but I still found it much more engaging than Limbo Rider. The premise is simple; place a bet and then try and climb your way to the top of the tower.
Multipliers increase with each level, and you can cash out at any time. There are 5 difficulty settings; on the lowest, 3 out of 4 blocks on each level are safe, and on the hardest, only 1 out of 4 blocks on each is safe. However, if you do make it to the top of the nightmare level, your bet will be subject to a x3,840.21 multiplier.
The focus of this BetPanda review is the casino, but it is worth mentioning that there is a comprehensive sportsbook. It offers pre-match and live in-play betting on a good range of sports including soccer, basketball, tennis, ice hockey, and horse racing. you can also bet on esports titles including FIFA, Counter-Strike, Valorant, Dota 2, League of Legends, and NBA 2K along with eHorse Racing, eFighting, and eTennis.

Here at CoinBets, we often see players complaining that the actual RTP doesn’t match the official RTP of a game - especially when it comes to slots. Unsurprisingly, many players believe that some casinos manipulate slots to provide a higher RTP on free or demo play, and a lower one during real money play.
So, to find out if BetPanda slots are legit, I decided to test 100 free play spins vs 100 real money spins to see what RTP I really experienced. For this test, I selected one of the latest Nolimit City (Evolution Games) releases, Tombstone Slaughter - a gritty Western slot rated as extremely volatile and boasting an official RTP of 96.01%.
To keep this challenge fair, I didn’t buy any bonuses or special features - just placed 100 x $1 bets during free play, followed by 100 x $1 bets with real money. I kept a tally of the spins on a sheet of paper, so didn’t rely on any casino-provided data.
The results were definitely interesting! The free play session delivered numerous small wins, but despite triggering free spins about halfway through, left me down nearly $20, delivering an actual RTP of 82.4% - significantly lower than the provider’s official rate.

However, during the real money play, I landed numerous small wins, plus a $64 win courtesy of the XSplit and Backstab Wilds features - and that made all the difference. At the end of 100 spins, I was nearly $30 in profit, having achieved an actual RTP of 128.47%.

So, there you go. While this is a relatively small test, it proves a couple of things:
- BetPanda doesn’t appear to be manipulating slot RTP.
- Because official RTP is calculated over millions of trial spins, it’s very unlikely you’ll experience the same rate during real play.
Okay, so I definitely wasn’t impressed with the BetPanda casino welcome offer, but what about other deals? Well, at the time of reviewing, a few in-house and network promos were running. Of course, they are subject to change, here’s the kind of thing you can expect to see:
- Weekly Cashback - 10% guaranteed cashback on real money losses once you’ve earned 12500XP - valid for live casino, slots, and provably fair games - no wagering requirements
- Cash Drop & Races - Daily prize drops and hourly tournaments, 3,000 daily winners with €2,500,000 in prizes (network promo)
- Games of the Week - Get an extra 5% cashback on selected games
- Live88 5% Extra Cashback - Get an extra 5% cashback on live dealer games from Live88
- Blackjack Holiday Tournament - Pragmatic Play network tournament with €250,000 prize pool
- Mega Roulette Madness - Pragmatic Play network prompt with €30,000 in weekly random prizes
It seems like BetPanda has a pretty steady schedule of promotional offers, even if most are network promos from major game providers rather than in-house events. The cashback offer seems fair enough, being valid across all games and having no wagering requirements.

Unsurprisingly, BetPanda offers a multi-tier loyalty program. You earn XP for wagering real funds and climb through 6 levels (Panda Cub, Bamboo Guardian, Majestic Panda, Panda Commander, Emperor Panda, and Uncharted Territory), and you’ll benefit from perks like more free spins and rewards as you progress. Not much information is provided about how much XP you need to level up, or the specific rewards at the various tiers, but I can tell you that winnings from free spins are wager-free, which is nice
For every €1 worth of real funds wagered, you’ll earn:
- Slots: 10XP
- Live Casino: 2XP
- Provably Fair: 1XP
- Sports Betting: 1 XP

BetPanda’s customer support is available 24/7 via live chat, and response times seemed decent during testing. You can also reach the help desk by email at support [at] betpanda [dot] io. Additionally, there is a FAQ section, but it’s not very expansive or in-depth. Finally, you can connect with the BetPanda.io community on Discord (though there were less than 400 members), X, and Telegram.

These days, many crypto casinos seem overloaded and bloated - trying to cram too many things into a single site, resulting in navigational nightmares and headache-inducing complexity (like BetFury). Thankfully, that’s not the case at BetPanda. Here, the menus are simple, the design is uncluttered, and finding your way around is easy - I’d even go as far as calling the color scheme “soothing.” Plus, BetPanda has one of the simplest sign-up processes of any online casino.
In addition to English, the BetPanda crypto casino and sportsbook is available in the following languages:
Languages
Unfortunately, there is no BetPanda mobile app available. However, you can still use this crypto casino on your smartphone as the site is optimized to run on popular mobile browsers.
In October 2024, BetPanda announced it had signed a deal making it an official regional sponsor of the Argentina National Football Team.

Okay, enough of what I think about BetPanda - what do other players think? Well, here at CoinBets we’ve collected BetPanda reviews from around the web and identified the most common criticisms and compliments. But, as always, when it comes to reviews you should keep some things in mind:
- Some crypto casino reviews are published by affiliate marketers who lack objectivity - they’ll say anything to earn referral commissions!
- Bad losers tend to vent at casinos by writing negative reviews.
- Unfortunately, unscrupulous casino operators sometimes try to damage their competitors through fake reviews.
- Trolls happen.
The following information is based on 306 reviews collected from around the web:
Subject | Details | No. of Mentions |
---|---|---|
Trust Issues and Scam Accusations |
Unfortunately, a significant proportion of reviews accused BetPanda of scam-like activity. For example, saying "Almost 3 months since BetPanda stole my money! They closed my account and ignored all my emails. These are scammers; don’t deposit your money here! They didn’t even return my deposits!" and "After I wrote a negative comment, they suddenly 'investigated' and decided I broke the rules. Then they stole my $800 deposit. Total scammers!" Given the fact that BetPanda operates from a very questionable jurisdiction (Costa Rica), it's hard to know if there is any truth to these allegations. Crypto casinos there are not subject to adequate oversight, so they may be engaging in shady practices. |
17.32% |
Payout and Withdrawal Issues |
Another concerning source of complaints was withdrawals. Specifically, players said things like “They randomly suspended my account, declined my withdrawal, and falsely accused me of syndicate betting. Sent my KYC documents three days ago—still no response” and "Withdrawals were smooth until I tried to cash out $350. Suddenly, my withdrawal was flagged for 'security checks' that have now lasted five months!" Again, considering where BetPanda is based, there’s a good chance the platform is not operating to the standards players rightly expect. Withdrawal delays are one thing, but a casino should always give a valid reason and keep you informed about what is happening. |
14.38% |
Game Fairness and RTP Concerns |
Some reviews criticized BetPanda’s RTP, saying things like “Played over 100 spins in a row without a single win. This RTP is a scam!" and "Played over 100 spins in a row without a single win. This RTP is a scam!" While there might be some truth to these comments, you always need to put them in perspective. For example, the RTP is theoretical and calculated over millions of spins - the actual RTP a player experiences when spinning hundreds or even thousands of times will usually differ significantly. For more about this, be sure to check out the CoinBets guide to understanding RTP. |
2.61% |
Support Issues |
A concerning number of BetPanda players complained about the customer support, saying things like "Live chat keeps telling me to email support, but support never replies. Completely useless!" and "Customer service responds quickly for deposits but ignores withdrawal issues. Feels intentional!" The percentage of people mentioning this is much higher than the best crypto casinos. Usually, problems with customer service are down to staff shortages or poor training, but this seems more like a deliberate strategy. |
10.46% |
Subject | Details | No. of Mentions |
---|---|---|
Fast Transactions |
A small number of reviews mentioned fast transactions, saying things like "Instant deposits, and I usually get withdrawals in under 2 minutes!" and "Fast top-ups and quick withdrawals. No issues so far!" Well, they should be - it is a crypto casino after all! But at least it does indicate that assuming there aren’t any “account issues”, the withdrawal process can be streamlined and fast. |
3.27% |
VIP and Bonuses |
A small number of players praised the BetPanda loyalty scheme, saying things like "I like BetPanda, but they need more promotions and free spins. The cashback program is decent, though!" and “The loyalty program offers great bonuses and free spins” and "Their 10% weekly cashback is amazing. Love it!" Hmm… Well, at least some players like this site. |
6.54% |

BetPanda
BetPanda looks clean and plays fine, but the no license and shady bonus terms are dealbreakers. The Costa Rica setup alone should be enough to keep your crypto far away.

Verdict
Oh BetPanda, what can I say? On the one hand, this is a crypto casino with some good things going for it. In my opinion, the relatively simple design delivers a much more pleasant user experience than many of its bloated competitors (yes, BetFury, I’m looking at you). The choice of slots and live games is also solid, plus the site supports a decent range of popular cryptos.
However (you knew this was coming!), BetPanda has some serious issues. First and foremost is the lack of a license. As explained, despite what some reviewers say, BetPanda is not “licensed in Costa Rica” because there is no such thing as a legit Costa Rican gambling license. The company is registered in Costa Rica - which is a big difference. And, well, even the most naive of people can figure out there’s only one reason an international gambling platform would choose to operate from Costa Rica - and it’s not the weather! This makes it virtually impossible to trust the platform.
And, talking of trust, there’s the way the welcome bonus is being advertised. Trying to make it seem like wagering is 40x when it is effectively 80x (deposit + bonus) is simply inexcusable. Sure, BetPanda isn’t the first online casino to do this, and it won’t be the last, but it is as shady as it gets. It is a deliberate misrepresentation to trick players. There are some other negatives too, like the lack of original provably fair games and dedicated mobile apps, but to be honest, those things are irrelevant. With no license and shady bonus terms, BetPanda makes it hard to trust and even harder to recommend.
But, that’s just what I think. Have you played at BetPanda? If so, we’d love it to learn about your experience - so why not write a review of your own and share it with the CoinBets community?
Thanks for reading, and until next time, keep safe and have fun!
Category | Score (1-5) | Weight | Weighted Score |
---|---|---|---|
|
2.5 | 15% | 0.375 |
|
3 | 10% | 0.3 |
|
2.5 | 15% | 0.375 |
|
1.0 | 15% | 0.15 |
|
1.0 | 15% | 0.15 |
|
3.0 | 15% | 0.45 |
|
2.0 | 15% | 0.3 |
|
2.1 / 5 |
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