Lunabets DeFi Sportsbook Review

55% Rakeback Rate
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Elica Martinova
Tested by Elica MartinovaLast Update: 17 February 2023
Nayden Panayotov
Approved by Nayden PanayotovLead Editor
Testing Methodology
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Christened the ‘World’s first decentralised (DeFI) sportsbook,’ Lunabets is a relatively new face in the iGaming scene, having launched in 2022 courtesy of iBlueinic BV. The crypto-casino incentivises players/bettors with the option to bet or invest in the bookie and earn a share of the house profits. While it’s definitely a first of its kind, we sought to find out what lies under the hood and whether it’s worth all the hype! Our review takes you through the pros & cons of playing here, the catalogue of games, sports wagering options/features, exclusive bonuses/promotions, and the payment methods at your disposal. Keep reading to learn all these and more.

Lunabets Merits & Demerits

  • Pros:
  • Decentralised (DeFI) casino
  • Supports all major cryptos: BTC, ETH, USDC
  • Thousands of casinos games
  • Comprehensive sportsbook section
  • House token avail. (LunaFi) – For Staking and Farming
  • Round-the-clock (24/7) customer support
  • Lacks transaction limits on deposits/withdrawals
  • Cons:
  • Conventional welcome bonus not available – Lacks a match deposit offer
  • No mobile apps for Android/iOS devices
  • You cannot sort games by game providers in the lobby

Can I Trust Lunabets, or Is It a Scam?

Yes, you can trust Lunabets! First off, Lunabets is owned by Blueinic B.V., a registered company that operates/holds a valid licence from the Government of Curacao (Reg no. 8048/JAZ) issued by Antillephone. Security-wise, Hacken, a world-leading blockchain security auditor, regularly audits the casino.

Additionally, Lunabet.io is a DeFI gambling platform that utilises smart contracts and liquidity pools. Part of the benefits includes that all payments are directly sent to house pools and that withdrawals will not be affected by third parties. And while the casino/sportsbook lacks a Two-Factor Authentication (2FA) protocol on your account, customers must provide a security code sent to their email address or phone number every time they log in.

How to Sign Up at Lunabets?

Creating an account at Lunabets is an easy-to-follow process, albeit unlike what you’d find at other bookmakers. Our Lunabets review found no sign-up button on the homepage. Instead, new signees should click on the ‘Login’ option, choose a wallet: Metamask, Wallet Connect, or Connect with Email, and then apply these steps:

Lunabets Registration
  1. Accept the terms and conditions
  2. Click the ‘Log In / Create Account‘ button
  3. Share your email on the pop-up window
  4. Enter the 6-digit code sent to your email
  5. Create your password
  6. Complete the registration process

Open an Account

What Steps Are Necessary to Pass the KYC Check?

Lunabets keeps the steps to a minimum for their clientele to pass the KYC (Know Your Customer) check. We did our due diligence and the complete steps to verify your account and gamble/play uninterrupted:

  1. Click the account button on the top right corner of the site
  2. Go to profile and scroll to ‘Verify
  3. Use your smartphone to either scan the QR code or receive an SMS
  4. Click ‘Let’s go!‘ and take photos of your Government-issued ID (front and back)
  5. Upload photos of your selfie
  6. Complete the verification process

Overall, this should take only a few minutes of your time to complete. With a verified account, the operator grants you unrestricted access to all the sections on the site, including deposit/withdrawal options.

Sportsbook Section

Lunabets Sports

Lunabet.io is every punter’s haven! The sportsbook section is packed with over 40,000+ pre-live matches and countless live betting events sourced from domestic and international tournaments like the Premier League, La Liga, Bundesliga, Copa Del Ray, and League 1. You also get plenty of sporting disciplines to choose from, betting markets, and attractive odds. Keep reading to learn more:

Available sports

Lunabets caters to all types of sports betting clientele, and its wide coverage is part of the overwhelming success. Our review unearthed support for top sports like:

  • American Football
  • Baseball
  • Basketball
  • Boxing
  • Cricket
  • Darts
  • Football
  • Handball
  • Ice Hockey
  • MMA
  • Rugby
  • Snooker
  • Table Tennis
  • Tennis

With these, you get prominent tournaments like the English Premier League, National Hockey League, National Basketball Association, ASEAN Basketball League, and Major League Baseball, among many others.

Betting Markets

Besides the many sports to bet on, the bookmaker matches these with over 100 betting options per match! These include Full Time Results, Handicaps, Total Goals, and Both Teams to Score. Moreover, expect Draw No Bet, Double Chance, and Halftime/full-time markets.

How Are Lunabets odds?

Undoubtedly, Lunabets is a generous sportsbook! Our review team found that the site’s odds values range anywhere between 1.18 and 100 per match, which is quite impressive if you’re conversant with how odds work on betting. Bettors can also switch/change odds formats to Decimal or US, making the bookmaker convenient for players who are not conversant with the default odds format.

Up to 55% Rewards Welcome Bonus

Lunabets Welcome Bonus

While Lunabets DeFi lacks a run-of-the-mill welcome bonus, clientele are treated to a rather unique bonus. Sign-up today and be eligible for an up to 55% welcome bonus reward! To be clear, wagering a certain sum/amount of money unlocks a specific mining rate. The 22-level reward program starts at the Cadet level. Then, members progress to Lieutenant, Captain, Major, Space Lizard, and finally, Elon Musk. The first level, Cadet I, requires a wager of $5,000 to unlock a 15% mining rate, with Elon Musk being the maximum level requiring a cumulative wager of up to $100,000,000 to unlock a 55% mining rate.

Grab a Bonus

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Welcome Bonus
55% Mining Rate
Bonus Percentage
-
Turnover
-
Minimum Deposit
-
Apps
-
Cashout
Live Betting
Live Streaming
Rating
4.5
Visit Lunabets
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Welcome Bonus
Bookie of the month
€130
Bonus Percentage
100%
Turnover
x5
Minimum Deposit
-
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Cashout
Live Betting
Live Streaming
Rating
5.0
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In-Play Betting

Lunabets Live Sprts

Apart from pre-live matches, Lunabets DeFi sportsbook has an exclusive section for In-Play Betting (Live Events). Here you get plenty of live betting markets, entirely dependent on the day’s fixtures. Some of the sports you’ll find here include soccer, tennis, cricket, snooker, and basketball.

Notably, Lunabets live matches come with fewer markets compared to pre-live matches. However, expect popular bet types like Full Time Results, Totals, and Any Team to Win. Remember, live markets close/open depending on the game’s momentum. Similarly, the live odds are not static. These values also change as the match progresses.

What Are the Available Lunabets Sports Betting Features?

Betting features are the epitome of sports betting (at the core), as these help you perform functions you wouldn’t otherwise. The most notable of the bunch are cash out, live streaming, and bet builder. Here are the sports betting features available at Lunabets:

Cash Out

Starting off, with one of the most popular betting features – cash out. Unfortunately Lunabets are still working on implementing this option. When talking to them they said it will be available shortly.

Live Streaming

One of the most sought-after betting features, live streaming allows bettors to watch matches ‘live’ as they progress/unfold. Despite its vitality, Lunabets is yet to include a live-streaming function for its clientele. Members get live animation in its place, which does well to compensate for the missing feature.

Bet Builder

Bet builder is a function that comes in handy whenever you want to place accumulator bets. The feature shortens the match selection process by providing you with a list of eligible games. Therefore, all you need to do is wager cash and submit the bet slip. Sadly, Lunabets does not have a bet builder, so you have no choice but to complete the process manually.

Does Lunabets Have Discord?

A pioneer in DeFi sportsbooks, Lunabets extends its camaraderie with a discord community for its members. Here, members can interact with other Lunabets gamblers and share ideas or tips for particular games. However, you must first have a Lunabets account to be part of the Lunabets discord community.

Can I Invest in the House?

Yes! Lunabets grants members a chance to Invest in the House and earn a share of the sportsbook’s profit through LunaFi. The option will see you diversify your gambling portfolio by contributing/depositing money into the house pools. Bettors who become liquidity providers receive additional yield farming rewards making the bookmaker incomparable to its competitors.

How Is Lunabets Casino & Bonuses?

Lunabets Casino Games

For crypto-casino lovers, Lunabets has a fun-packed casino section worth exploring! To get here, simply click on the ‘Casino’ button in the menu to your left, and you’ll be redirected to the games page. At the top is a menu with a search tab and options for Favourites, Newest, and Most Popular.

Clicking on the ‘Casino’ button on the drop-down menu to your left also reveals the casino games categories Lunabets has in store for you. Options here include Slots, Table Games, Live Casino, New Releases, Game Shows, and Lunabets Favourites. A look at the casino section revealed plenty of Provably Fair games like Sweet Bonanza, Rise of Olympus, Book of Dead, Sugar Rush, Gates of Olympus, and Chaos Crew.

Table game enthusiasts are also well catered to with options like Classic Roulette, Blackjack Supreme Multihand, Double Exposure Blackjack, European Roulette Pro, and Baccarat No Commission. Behind the scenes, Lunabets works with top-rated software vendors like Hacksaw Gaming, OneTouch, Pragmatic Play, Play’n Go, Evolution Gaming, and Evoplay Entertainment.

What Are the Available Deposit and Withdrawal Methods?

Being a real-money gambling platform, Lunabets has plenty of deposit/withdrawal avenues, including Metamask and Wallet Connect, for all your choices of crypto wallets. Members can also Deposit from Exchange or via Credit/Debit Cards (VISA) and Apple Pay. Primarily the sportsbook only deals with four altcoins, namely: Ethereum (ETH), USD Coin (USDC), LunaFi (LFI), and Bitcoin (BTC).

Most impressive, the bookie has no minimum or maximum withdrawal limits. The only stipulation with an asterisk is that members must verify their account/identity once they have withdrawn a cumulative $4,000. Transaction/withdrawal speeds, on the other hand, should take no more than a few minutes. However, these may take longer when there is high traffic on the polygon network.

Payment MethodDeposit MinimumDeposit MaximumTime for DepositMinimum WithdrawalWithdrawal MaximumTime for Withdrawal
Visa LogoVisa€/$30€9,950 / $11,940Instant€/$1No limitInstant
ApplePay LogoApplePay€/$30€9,950 / $11,940InstantN/AN/AN/A
GooglePay LogoGooglePay€/$30€9,950 / $11,940InstantN/AN/AN/A
Wallet Connect LogoWallet Connect€/$30€9,950 / $11,940Instant€/$1No limitInstant
Metamask LogoMetamask€/$30€9,950 / $11,940Instant€/$1No limitInstant
Bitcoin LogoBitcoin€/$30€9,950 / $11,940Instant€/$1No limitInstant
Ethereum LogoEthereum€/$30€9,950 / $11,940Instant€/$1No limitInstant
USD Coin LogoUSD Coin€/$30€9,950 / $11,940Instant€/$1No limitInstant
How to Purchase Crypto at Lunabets?

Purchasing crypto at Lunabets io is easy-peasy (medium-difficult level) and will only take a few minutes of your time:

  1. Create/open an Account at your preferred Exchange Wallet – Recommend options include Binance, Coinbase, Crypto.com, or KUCOIN
  2. Purchase/buy your cryptos from the Exchange Wallet e.g. Binance – Use your Credit/Debit Card to complete the purchase
  3. On Lunabets DeFi sportsbook, click on the ‘Deposit’ button, select your preferred altcoin, e.g. ETH, USDC, or BTC, and choose ‘Deposit from Exchange’
  4. Click on ‘Generate Personal Deposit Address’
  5. Copy the address or scan the QR Code to your Exchange Account
  6. Transfer the purchased cryptocurrency amount to your Lunabets Account
How to Fund & Withdraw Payments?

Like the steps above, funding your Lunabets Account should only take a fraction of the time! Simply sign into your account using your Lunabets logins and:

  1. Click on the ‘Deposit’ button
  2. Select currency, e.g. ETH, USDC, or BTC
  3. Choose your preferred deposit method: Metamask (Polygon Network), Deposit from Exchange, or Deposit via Credit / Debit Card
  4. Copy/Paste the address or Scan the QR Code generated to your Digital Wallet
  5. Enter the amount you wish to deposit and click ‘Send’
  6. Wait to receive your crypto

Cashing out your winnings is equally easy (stress-free) and can be completed with these easy-to-follow steps. Simply:

  1. Open the Cashier Menu/Page
  2. Click on the ‘Withdraw’ button
  3. Select your preferred currency options from the drop-down list: ETH, LFI, USDC, or BTC
  4. Key in the amount you wish to withdraw
  5. Click ‘Withdraw’ to initiate the processes

Are There Lunabets iOS and Android Applications?

Lunabets Mobile Version

Unfortunately, Lunabets does not have any mobile apps that you can use on your Android or iOS device. In its place, users get a fully optimised in-browser site that they can use on their mobile. On outlook, Lunabets mobile comes with a neat, fast-loading interface. Like the native desktop site, users get access to the full library/catalogue of games and the sportsbook, complete with thousands of betting matches. You’ll also be happy to know that the bonuses/reward programs remain accessible here as well, including options to get in touch with customer support and inquire about the missing Lunabets no deposit bonus.

Frequently Asked Questions

Who owns and Operates Lunabets?

iBlueinic B.V. owns Lunabet β€” A fully licensed and regulated (registered) company with physical offices at Abraham Mendez Chumaceiro, Boulevard 50 in Curacao.

Is Lunabets Authentic?

Yes, Lunabets is authentic! The gambling site holds a valid permit from the Government of Curacao (Licence Number 8048/JAZ).

Does Lunabets offer its clients an affiliate program?

Yes, Lunabets offers its clients an Affiliates Program that pays in cryptocurrencies and guarantees lifetime commissions to users.

What makes Lunabets and LunaFi different?

LunaFi is a decentralised finance (DeFi) betting protocol that uses smart contracts to create community-owned liquidity pools that act as the house and ensure betting payouts (among other advantages to liquidity providers/investors). Lunabets utilises/integrates this DeFi betting protocol to ensure trustless payouts to their clientele.

Can I change my currency at the site?

No, Lunabets does not support/allow currency exchange at the site; bettors/users can only deposit or withdraw using their selected currency option.

Which documents do I need to verify my account?

To verify your Lunabets account, you need to provide copies of your National ID card/Driving licence/International passport and your Utility bill or Bank/credit card statement. Email high-resolution, clear copies to avoid any problems.

What should I do if I lose my account password?

If you lose your Lunabets password, you can reset the information using the password reset link at the site.

Lunabets Company Information

Lunabets is the first Decentralised Finance (DeFi) betting site that started operations in 2022. IBlueinic B.V., a company with a Curacao gambling licence, owns the site. The bookmaker utilises LunaFi’s smart contracts and liquidity pools to create a betting haven that eliminates all counterparty risk. Thanks to the integration, clients are also provided with an option to invest and earn profit at the site. Paired with a comprehensive sportsbook page, a fantastic casino section, and a one-of-a-kind rewards program, the betting site has just the right recipe for success.

Which Communication Methods Does Lunabets Offer?

Lunabets offers its clientele a set of highly-responsive contact options that you can use to get in touch whenever you run into a problem or want to make inquiries. These contact options include:

Live chat is available round-the-clock with a response time of less than 10 minutes, while email may take up to 24 hours, depending on the queue. Customers can also use the FAQs, which include detailed answers to a plethora of difficulties you may encounter on the site or the missing free bets and no deposit bonus.

Conclusion and Rating

Lunabets is a pioneer in the field, utilising the latest in DeFi technologies/advancements to bring customers an unmatched gambling experience. While the available bonuses are somewhat underwhelming, the bookmaker makes up for this with a comprehensive sportsbook section with plenty of betting markets, quality odds, and handy betting features. Casino gaming enthusiasts are also well-catered to with an endless supply of top-shelf slots, table games, and live dealers.

Other advantages include investment options, where users get a share of the sportsbook’s profit through LunaFi. Adding these aspects to the responsive customer support services makes Lunabet a diamond in the rough that’s worth exploring. For these reasons and more, Lunabet earns a rating of 4.5/5.

Visit Lunabets.io

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