Kineko Casino Review
Kineko is an innovative crypto-only casino, which also has its own native currency that can be used in various ways. You will notice that before actually being a casino, it is a sports betting website. This is actually the main focus for Kineko. It is interesting to see a fresh new take on the crypto casino industry, as many are doing since the beginning of 2022. As we all know, innovation is not enough, which is exactly why we will be going through all the information needed to make a calculated decision on whether Kineko is for you or not. Without further ado, let's get right into the details.
Accepted Currencies & Payment Methods
As we mentioned earlier, Kineko is a crypto-only casino that focuses on providing a variety of token options to choose from. This is something that's been missing in the crypto casino industry, so we are quite happy to see that. They currently accept the tokens BTC, ETH, SOL, USDT, USDC, SAMO, ROLL, and the native cryptocurrency of the casino - KKO. If you do not own any of the aforementioned currencies, you can also purchase BTC or ETH directly on-site.
In order to make crypto deposits and withdraw your winnings, you will need a crypto wallet. Thankfully, nowadays most major crypto exchange platforms actually offer integrated crypto wallets. These are not as private, but work perfectly for beginners, or if you are simply looking to test out online gambling. If you want, you can also open a third-party wallet such as MetaMask, which is quite easy to set up and use. In this case, your crypto assets will be a lot more secure, as nobody can freeze your wallet.
Deposit & Withdrawal Requirements
Whether or not you are new to crypto casinos, there is one thing you should be careful about. That is everything that has to do with payments, including deposit and withdrawal requirements, as well as wagering requirements. It is especially important to pay attention to casinos that are new to the industry. They tend to bend the rules and try to go outside the already set standards. Sometimes that can positively affect players, but it can also negatively affect them if they are unaware of the current standards within the industry.
Starting off with the deposit requirements, you'd be happy to hear that there actually are no requirements. Yes, that's right. There are no minimum deposit requirements for any of the accepted by the casino cryptocurrencies. This is a rare sight since almost every crypto casino has its own entry amounts. These are usually anywhere from $5 up to $20 (at authentic crypto casinos). However, this also is something new that is not that shocking, since the casino is trying to expand the boundaries of what it means to be a crypto casino.
Now what is more interesting is the fact that Kineko also has no withdrawal requirements. This starts to become fishy because when a casino has no minimum withdrawal amount it requires, it can mean one of two things. It is either really generous, or it does not mind money-laundering processes. Since we have no solid information on that, you will have to make up your own position.
Not only are there no withdrawal requirements, but they're also are no wagering requirements. This is another red flag that we should note. Usually, regular online casinos and crypto casinos have a 1x up to 3x wagering requirement. This is a requirement for prestige casinos since that is one of the major requirements of the better casino regulators (such as MGA and UKGC). Wagering requirements completely prevent money laundering from happening, since you have to turn over the amount you've deposited a couple of times over before you can make a withdrawal request.
The final important aspect is the cashout speed. Whenever you make a withdrawal request, it will take the casino up to 72 hours to provide you with a response, whether it's been approved or denied. If it's been approved, you will have to wait for Wednesday to come, since that's the day all the payouts are processed by the casino, as per the Terms & Conditions section of the website. Once Wednesday comes, it'd only take up to an hour for your winnings to arrive at your crypto wallet.
Bonuses & Promotions
We said we will be talking about the native cryptocurrency of Kineko, which is named the same, using the abbreviation KKO. Although it can be purchased from some crypto exchange platforms, it is mainly rewarded for winning tournaments at Kineko. However, that is a bit difficult, since there is no "Tournaments" section anywhere on the website. The only way to see the ongoing tournaments is to head to the homepage and look at the scrolling thumbnails.
Currently, the casino has an ongoing tournament with a prize pool of 20.000 KKO, which equals about $2500. You can enter the tournament by betting at least $5 worth of crypto on any UEFA Champions matches. Each $5 worth of bet equals 1 ticket to the tournament's raffle. For example, if you place a $20 bet, you'd get 4 tickets to the raffle. A new raffle starts after each knockout stage, paying out the prices from the matches before.
Aside from that, Kineko has a welcome bonus for your first deposit. It is a 100% match of up to $150, for deposits of at least $10 worth of any cryptocurrency the website accepts. The wagering requirement that comes with the bonus is 30x, meaning you will have to place bets for a total of 30x the bonus + deposit amount.
There is no VIP program at Kineko, so playing long-term won't grant any special benefits and prizes. We hope to see that a bonus section is implemented, where you can easily find any ongoing promotions, bonuses, tournaments, etc. listed.
Kineko is owned and operated by Sunseven N.V., which is a company registered under the laws of Curacao. Some might see this as a red flag, but the more experienced crypto casino players probably already know that casino owners have no other choice, as the more reliable regulators like MGA and UKGC do not affiliate with the crypto casino market. However, we still recommend being cautious and getting familiar with the Terms & Conditions of every single online casino, before making any financial decisions, especially ones like Kineko, which has no deposit, withdrawal, and wagering requirements, as usually there is a catch.
Kineko has a game library that is regularly updated and is currently supplied by some of the best casino game developers out there. This includes BetSoft, Spearhead, Habanero, Evolution, OneTouch, Playson, KA gaming, and others. Although it seems like a little, only a couple of weeks ago the casino had 4 developers working with them. This only proves that they are looking to expand. And after all, they're mainly a sports betting website, not a casino, although things are slowly changing.
The games are split into 2 major sections Casino and Sports. The Casino section is split into Lounge, New Releases, Slots, Live Casino, Table Games, and others.
Just like almost any other online casino, the Slots section is where most of the games are located. You will find familiar titles such as Take Olympus, Quest to the West, Greedy Goblins, Pinocchio, 88 Frenzy Fortune, and more. You will also be able to choose from megaways, jackpots, drops & wins bonus buys, and different bonuses, features, betting limits, game speeds, and settings.
If you are looking for the more traditional games such as Blackjack, Baccarat, Poker, Roulette, Sic Bo, Dice, and games shows, you will find them located in the Live Casino section, which also merges Table Games within. The only difference is that Table Games are 100% virtual, while Live Casino games are operated by a real-life croupier, and live-streamed directly to you in high quality, bringing further thrill to the gameplay.
And as for the specialty of Kineko, we present you with the Sports betting section. Here, you will find sports such as football, tennis, basketball, hockey, volleyball, MMA, boxing, darts, swimming, and more. Aside from that, you will be getting to bet on cybersports such as Counter-Strike, DotA 2, League of Legends, and Overwatch.
Kineko has a well-optimized mobile version of its original website, allowing for a seamless transition from desktop to smartphone, without the need for any application. It is even arguable that the mobile version is better since it loads faster and has an overall smooth feel to it. Just keep in mind that not all games are going to be available, although not specified which exactly by the casino. You will also need a stable internet connection, otherwise, it is possible that you will lose funds if you are interrupted in the middle of a game.
The casino offers their customers support 24/7 via chat and email, so feel free to reach out to them with any questions you might have, any issues that you are experiencing, or why not even suggestions. The expected wait time for the chat option is within single-digit minutes, while the email response time is 1 day. While waiting, we recommend checking out the FAQ section as it has a lot of general and useful information.
PROS & CONS
- Many Cryptocurrency Options
- Sports Betting Section
- No Deposit & Withdrawal Requirements
- Lack Of Wagering Requirements (although it can also be a Pro)
- No Bonus & Promotions Section
- Few Casino Games Providers
Kineko is an innovative crypto casino, which offers a variety of games. This is probably its strongest point. Although it offers deposits and withdrawals with no restrictions, it can actually be a problem, because such casinos are usually fraudulent. After doing our research, we found that there are some people on different forums saying they are enjoying their time at Kineko. After all, there are quite a lot of crypto options to choose from, making it a place friendly to altcoin owners. Kineko will be worth trying for some, while it will be a skip for others.
Is Kineko a legit crypto casino?
Kineko is a crypto casino that is owned and operated by a company registered in Curacao, thus the casino has a Curacao license. The license Curacao gives is one that is getting an unnecessary amount of hate. Although it is true that the regulator does not provide a lot of support to players who’ve been dragged into a fraudulent casino, crypto casino owners have little to no other choice. This is due to the fact that the better regulators such as MGA and UKGC do not wish to affiliate with the industry yet, although there are rumors that they’ll try expanding their support in 2022. Despite all of that, we strongly recommend going through the Terms & Conditions of every crypto casino before making any financial decisions.
What cryptocurrencies does Kineko accept?
Kineko currently accepts the cryptocurrencies BTC, ETH, SOL, USDT, USDC, SAMO, ROLL, and the native cryptocurrency of the casino – KKO. What is cool about KKO is that it is used as a reward in their daily tournaments. They can then be used for staking, which will give you more KKO, the longer it stays staked.
What are the wagering requirements at Kineko?
There are no wagering requirements at Kineko. This might be seen by some as a red flag, due to the lack of money-laundering protection mechanism. However, it works in the favor of all players, so you will have to judge that one yourself.
What games can I play at Kineko?
At Kineko, you can choose from an abundance of Slots, Table Games, and Live Casino Games. However, the main attraction of Kineko is its Sports section, as it is mainly a sports betting website, not a casino. They also add new casino games almost every week.