10 facts about Degen you should know before you sign up
Degen pays rakeback on a ladder that climbs from 3% to 8%. Here are ten things worth knowing before you sign up, each checked against Degen's own pages.
- 01
Degen is run from Costa Rica
Its footer names Degen Legend Limitada, registration 3-102-932227, at Barrio Dent in San José, Costa Rica.
Source: degen.com ↗ - 02
It's licensed in Anjouan
Degen's footer shows a licence from Anjouan in the Union of Comoros, ALSI-202509061-FI2.
Source: degen.com ↗ - 03
Its disputes policy still has a placeholder in it
Its payouts policy points unresolved disputes to its regulator, but the published text reads "[Anjouan Authority or Other Jurisdiction License]" instead of naming one.
Source: degen.com ↗ - 04
Its deposit bonus needs an eligible referral code
The 100% first deposit match goes up to $1,500 from a $20 deposit, but only if your account was registered under an eligible referral code.
Source: help.degen.com ↗ - 05
Rakeback climbs from 3% to 8%
Rakeback builds on every wager and can be claimed any time from the Rewards panel. The rate rises with VIP rank from 3% at Bronze I to 8% at the top Degen rank, and sports bets earn a theoretical 3%.
Source: help.degen.com ↗ - 06
Its 27 levels pay up to $100,000 for a level-up
Levels run from Unranked to Degen, with wagering targets from $10,000 at Bronze I to $1 billion at the top. Level-up bonuses go from $10 at Bronze I to $100,000 at Degen.
Source: api.degen.com ↗ - 07
Reaching a new rank pays an extra bonus
The first level of each new rank adds a rank-up bonus: $10 at Bronze I, $100 at Platinum I, $5,000 at Ruby I, $20,000 at Diamond I and $60,000 at Degen.
Source: api.degen.com ↗ - 08
A $25,000 race runs every week
The Weekly Race covers house games, live casino, slots and sports. The top 20 share the pool, from $10,000 for first down to $100, paid automatically.
Source: api.degen.com ↗ - 09
Withdrawals go up to about $1 million in crypto
Its per-coin withdrawal limits are pegged to roughly $1,000,000, about 13 BTC or 408 ETH, and recalculated as prices move. Minimums are tiny, such as 1 USDT.
Source: api.degen.com ↗ - 10
Deposits from a mixer can freeze your account
Deposits must come from a method in your own name, third-party deposits are refused, and deposits from mixers can freeze the account.
Source: degen.com ↗
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