Cosmobet Review: Scam or Safe?

Cosmobet is a very fresh casino operated by a company established in Curacao. In fact, the casino is so new that it still brings the hallmarks of a casino under construction – we'll discuss that later in the review. The house has more than 3000 casino slots delivered by leading providers, offers Live Casino real dealer games, as well as sports betting, e-sports, virtual sport and racing. By and large, Cosmobet has everything a player needs for a satisfying gaming experience. Not everything is perfect, however, so in the following review, we'll show you all the details you need to know about Cosmobet.

Languages: English, German, Spanish, Portuguese, French, Swedish (Svenska), Finnish

Bonuses

The bonus promotions offered by Cosmobet are not as many, and there isn't a great variety. There are three welcoming offers – two for casino, including fiat money and crypto, and one for sports betting. Apart from that, Cosmobet offers cashback and free bets for Sportsbook. What we see missing is the reload match bonuses and free spins for casino – many houses offers plenty of reloads and free spins promotions.

On the other hand, though, the welcome offers are very decent, so Cosmobet seems like a very good place for players looking for a new casino and different gaming experience. Let's see some more details on the active promotions, now.

Welcome Bonus Casino – a promotion for new casino players depositing fiat money. The prize is 150% up to €1000, which unlocks when players transfer €20 or more in their accounts. The promo is not so straightforward, though. The percentage is 150% for deposits of €20 – €500, and 100% for deposits of €500 – €1000. The promotion is valid for 30 days, and bonus money plus the deposit should be wagered 30 times before a withdrawal. Cash-out limits are not specified. The bonus is good, but it would be even better if free spins were also available.

Crypto Welcome Bonus Casino – for new casino players depositing cryptocurrencies. The minimum requirement to activate the promotion is €20, as the prize is higher in percentage – 160% up to €1000. The wagering requirement is also higher, at 35 times bonus plus deposit, with no cash-out limit specified. The bonus is still valid for 30 days.

Welcome Bonus Sports – for new players who will wager on sports. In the same fashion, the minimum deposit is €20, with the prize being 150% up to €1000. It's a noteworthy fact, that the max cash bonus is higher than usual – in most cases, casinos rarely give away more than €200 on Sportsbook promotions. The percentage is higher than usual. That said, however, the wagering requirement also happens to be higher – 15 times bonus plus deposit. For your info, the average requirement for sports betting bonuses is 6-8, and rarely above 10 times. Anyhow, on the other hand, the bet odds are more favourable than usual – 1.3 or higher. Overall, the bonus is pretty good.

Cashback On Crypto Deposits – players who deposit cryptocurrencies have the chance to claim some losses back. The bonus is 10%, but the maximum amount of cash a player can get is not specified. The promotion is active on a monthly basis, and is not subject to wagering requirements, which is fantastic. Another really good feat is that no cash-out limit is specified, meaning that if you get the cash back, wager it, and make a lot of money, all winnings will be available for withdrawal.

3+1 Freebet – a free bet that doesn't require a particular. Instead, to qualify for the promo, players should place 3 consecutive bet. The prize will be the sum of the three bets divided by three. Once you claim the bonus, you should use it, and if the bet is successful, all winnings will be available for withdrawal right away, with no wagering requirement applied. In terms of winnings, players will get no more than €100 winnings from the bonus – if your bet is €10 and the multiplier is 20, you get only 100 EUR, that's how it works. The cash-out limit for this promo is 15 times the bonus given away, so in case players make €100 from the free bet, they can increase the withdrawable sum to €1500 – that's the upper limit.

License

The situation of Cosmobet is a bit intricate, when it comes to licensing. On the one hand, the casino itself is not authorised, since all checks for a license produced no results – the domain of Cosmobet itself is not officially authorised. On the other hand, however, the operator of the casino – Santeda International B.V. is a regulated company and operates a few other houses using the license 1668/JAZ of Curacao eGaming. So, from that perspective, Cosmobet appears to be a safe and fair gaming house, and we believe it's in the process of getting a license in Curacao – after all, the casino is a brand new establishment.

Anyhow, speaking of Curacao, the Caribbean island have a very distinct regulatory framework when it comes to gaming. Online casinos and bookmakers are not licensed and regulated by the local gaming authorities directly, but four independent companies do so on behalf of the government – Antillephone, E-Gaming, CIL and Gaming Curacao. Each licensor company is responsible to sub-license and supervise online casinos, which guarantees that all rules and regulations are followed strictly. It is often viewed that the supervision in Curacao is not as strong because of this approach, but certain benefits are there, as well. The capacity increases since there are four licensors instead of only one, and the overall procedure is seen as more efficient. Also, the licensing process and subsequent control become cheaper and quicker, which gives more flexibility to casinos. So, if you’re looking for a casino with extra bonuses and possibly a bigger choice of slot games, you might want to pick one licensed in Curacao.

Restricted countries: American Samoa, Aruba, Bonaire, Sint Eustatius and Saba, Curaçao, Guam, Iran, Iraq, Korea, North, Lebanon, Netherlands Antilles, Nicaragua, Russian Federation, South Sudan, United States, United States Minor Outlying Islands, Virgin Islands, U.S.

Deposit and Withdrawal

Currencies: Euro (EUR), US Dollar (USD), Bitcoin (BTC)

The deposit methods accepted by Cosmobet are not very many, but we think that the list with payment methods may potentially increase since the casino is very new. Anyways, the minimum deposit for all methods is €20 – a standard requirement within standards, with the maximum single transaction being unknown at the time.

Each deposit is instant and free of charge.

When it comes to withdrawals, the accepted methods are the same, but not limited to. The minimum withdrawal is €20 – a very favourable requirement we shall say, while the maximum single transaction remains unspecified. At any rate, all withdrawals will be limited by the withdrawal caps – €7500 per week and €15 000 per month.

The processing time is said to be up to 3 days, but in certain cases, when KYC and AML should be carried out, the timeframe may increase.

The rollover is 1 time, meaning that players should wager their deposits at least once to unlock withdrawals. That's a standard AML requirement varying from 1 to 3 times on average, so Cosmobet's condition happens to be at the lower end – good for them!

The inactive account policy is also good enough. According to TCs, an account becomes inactive after 12 months no log in, and will be charged €10 per month – a fee that still fits in within the industry standard of €5 – €10.

Games and Game Suppliers

Game providers: Red Tiger Gaming, Play'n GO, Yggdrasil, PragmaticPlay, NetEnt, Big Time Gaming, Thunderkick, Microgaming, EGT Interactiv, Endorphina, GameArt, Red Rake, Belatra, BGaming, CT Interactive, Oryx, Playson, Wazdan, Just For The Win, 2BY2 Gaming, Gamevy, all41studios, Skillzz Gaming, Rabat, Golden Rock Studios, Ainsworth, Slingshot, Triple Edge Solution, Crazy Tooth Studio, Switch Studios, Foxium, Betsoft, PariPlay, Mr Slotty, Platipus, Habanero, Fugaso, Spigo, Igrosoft, Tom Horn, WorldMatch, Thunderspin, Leander, Spinomenal, Kalamba, Golden Hero, Gamomat, Givme, Real Time Gaming, ELK, Gamefish Global, Iron Dog Studio, OneTouch, Slotmill, Revolver Gaming, 1x2gaming, Apollo Games, TrueLab, Spade Gaming, PGSoft, Hacksaw, Evoplay, Stakelogic, Spearhead, Fortune Factory, Mancala, 7Mojos, Ggames, Relax Gaming, High 5 Games, Blue Guru Games, Atomic Slot Lab, Booongo, Gamzix, Onlyplay, Evolution, LuckyStreak, BetGames.tv, Ezugi, XPRO Gaming, SA Gaming, Nolimit City, Tvbet, Other

Cosmobet works with the leading gaming studios, so it's not a surprise that more than 3000 games are available, including the very popular Gates of Olympus, Book of Dead, Big Bass Bonanza, Sweet Bonanza and Reactoonz, to name just a few.

New slots found in the gaming library include: The Wish Master Megaways, Excalibur Unleashed, Gods of Giza, Mystery of the Orient, Country Farming, Kingdom of the Dead, The Red Queen, Fire Archer, Floating Dragon Dragon Boat Festival, Jane Hunter and the Mask of Montezuma, Jasmine Dreams, Monster Superlance, Jewel Rush, 3 Dancing Monkeys, The Dog House Multihold, Mammoth Gold Megaways, Lamp of Infinity, Wild Celebrity Bus Megaways, Wild West Duels, Secret City Gold, Knight Hot Spotz, African Elephant, Wild Wild Riches, etc.

Live Casino is also rich, including table games and live shows. Here are some featured real dealer games you can enjoy: Gold Vault Roulette, Blackjack 74 – Ruby, Funky Time, Auto-Roulette, Privé Lounge Blackjack, Mega Baccarat, VIP Blackjack 6 – Emerald, Monopoly, etc.

Next, we got on to the Sportsbook section featuring many sports including Soccer, Basketball, Tennis, Baseball, Ice Hockey, Handball, Formula 1, Volleyball, Futsal, Rugby, American Football, Snooker, Boxing, MMA, Badminton, Table Tennis, Waterpolo, Golf, Cycling etc. In Soccer alone, there were more than 2000 sporting events, which is impressive. Also, pre-match and live-match outcomes to bet on are hundreds, so players who enjoy sports betting can rest assured that they won't miss anything.

Apart from that, there are a few other options to consider – Horse Racing, eSports, Virtual Sports and Mini Games. The latter includes popular games like Plinko, Dice and Keno, so if you end up at Cosmobet, don't forget to check these out, as well.

Conclusion

Cosmobet is a very fresh online casino with a good vibe. It looks professional, offers thousands of slots, Live Casino, Sportsbook and a number of other ways to entertain yourself – wagering on Horse Racing, eSports etc. The bonuses are decent enough, the deposit/withdrawal conditions are overall favourable, and we didn't spot any unfair TCs.

A drawback is that Cosmobet is not licensed by itself, but the casino is operated by an established company that's regulated in Curacao. We expect them to get a license for this house any time soon, so all in all, Cosmobet appears to be a good casino. The biggest advantage is that the house is very new, so there is room for improvement and potential to get even better.