

Spin Panda
Pros
Massive Welcome bonus up to $3000 + 100 FS
73 Game Suppliers to pick from
Mobile app available
Cons
Undisclosed owner
Unclear regulatory status
Crypto-only casino
High wagering requirement of 45x for bonuses
Rather low maximum withdrawal limit
Table of contents
Spin Panda is one of the newer online casinos to launch, as it first opened its virtual doors in late 2024. The house makes a pretty good first impression, especially with its cute panda mascot and with its clean and easy to navigate website. But the more we dug deep into Spin Panda, the more issues we discovered! For instance, the house only accepts cryptocurrencies, which is a bit of an annoyance for anyone who might not want to use them to cash in to Spin Panda, or to withdraw from it. And even if you are a crypto enthusiast, you might be put off by Spin Panda because the casino is not licensed to offer its services at all, and does not show who its owner is. So, let's take a closer look at what the casino has to offer, and see whether you should be playing there or not:
Spin Panda Bonuses and Promo Codes
First things first, the bonuses of the casino are overall fairly decent, with the exception of a couple of unfortunate downsides they have. In this initial section of our review, we will be covering the entirety of the promotions of the gambling house, but before we do so, there's something you need to know about them. The promotions of the house are not going to be available to players from Sweden. If you are such a player, you might as well skip this section of our review.
With that in mind, here's a quick overview of the promotions that the casino offers:
Bonus | Min deposit | Max bonus | Wagering requirements | Cash out limit |
No Deposit bonuses | - | Unspecified | - | - |
Welcome Package | $20 | 125% up to $3000 + 100 spins | 45x | $10 600 |
Monday Lucky Free Spin Paws | $20 | 50 spins | 45x | $50 |
Tuesday Bamboo Refuel | $20 | 35% | 45x | - |
Wednesday Free Spins | $20 | 100 spins | 45x | $50 |
Thursday Panda Surprise | $20 | 100 spins | 45x | $50 |
Panda's Weekend Top Up | $20 | 50% up to $100 | 45x | $100 |
Daily Bamboo Treasure | $20 | Unspecified | 45x | $75 |
Loyalty Program | - | Unspecified | - | - |
Now, let's not waste any time and go over each of these enticing bonuses in the order that they are listed in the table above:
The No deposit bonus of Spin Panda:
First things first, No deposit bonuses can be claimed by casino game lovers as soon as they sign up to an online gambling house. There is no need to cash in anything, hence the name of the bonus. This means that you don't need to risk anything while playing with a No deposit bonus, too. Not to mention that you can cash out a certain amount of your winnings from these promotions in general, too.
That said, there is currently no such promotion on offer by Spin Panda. The casino has not had any No deposit bonuses in the past either, as far as we can tell. Still, it does feature a couple of mentions of that kind of promotion within its Terms and Conditions, hinting at possibly featuring one such bonus in the future! For instance, we know that the maximum you will be able to win from the No deposit bonuses of Spin Panda is set to $50, which is a fair enough limit. So, we hope to see the promotion launched sooner rather than later!
The Welcome bonus package of Spin Panda
Most casinos nowadays hand out Welcome bonuses to their players, and these are sometimes the most generous promotions of the casino in total. This is the case with the Welcome Package of Spin Panda, too, which allows you to get up to $3000 and 100 Free Spins credited to your account in total, over the course of your first three deposits. If you are curious, here is a break-down of what each of these three initial bonus offers can net you:
- First Deposit Bonus: A generous welcome offer of 100% of your deposited funds, up to $500
- Second Deposit Bonus: Another solid bonus of 75% of the respective deposit, up to $1000 and 50 FS
- Third Deposit bonus: A staggering bonus of 125% of the third deposit you make, up to $1500 and 50 FS
All of these are decently impressive bonuses, in our view, and all of them provide players with a significant amount of cash and Free Spins to look forward to. That said, the bonuses can only be used within seven days of claiming their cash components, while the Free Spin promotions expire only 3 days after they are received. We would have liked to see players being given a bit more time to enjoy the bonus.
Just like any other similar bonus, each of the three Welcome offers needs to be wagered a certain amount of times to be eligible to withdraw it. Wagering a bonus simply means placing bets with a sufficient volume to meet its wagering requirement. In the case of Spin Panda, that requriement has been set to 45x the bonus amount, and 45x the winnings from the Free Spins from the casino. That sounds pretty solid, but most online gambling houses let you cash their bonuses out once you play through them 30x-40x at most, a significantly lower amount.
Also, there is a set of cash-out limits to the promotion. The total you will be able to withdraw from the bonus is $10 600, but that sum is broken down into $3500 per cash bonus and $50 per Free Spin package. This limit is around 3x as high as the total bonus amount you can get, which seems a bit low to us. Still, though, the Welcome package of Spin Panda is a fairly rewarding bonus.
Do keep in mind, as we take a look at the following bonuses, that having deposited at least 3 times is a requirement for claiming any one of them. So, if you are looking to get the bonuses of Spin Panda, you will need to go through the Welcome package to get to any of the following:
Monday Lucky Free Spin Paws
This is perhaps the most unique and rewarding promotion that is offered by the casino. It allows you to get 50 Free Spins on any Monday, provided you have deposited at least once in the previous week. The size of the bonus is irrelevant to the claiming the promotion.
The Spins' winnings can be withdrawn, provided you wager them 45x. Once again, we are not particularly fond of that limit, which seems to be fairly excessive to us. We cannot argue with the $50 cash-out limit from the Free Spin bundle, though, which we think is fair enough.
Tuesday Bamboo Refuel
Another interesting, and somewhat unique, bonus of Spin Panda is the Tuesday Bamboo Refuel. The promotion is a pretty generic Reload bonus, which grants you a 35% deposit bonus, up to an indeterminate amount. What makes it stand out, however, is the fact that you can get the bonus up to 10 times on the same Tuesday.
This certainly makes up for the rather low multiplier for your deposits that is offered by the promotion. Keep in mind that every deposit to the casino needs to be of at least $20 for you to be eligible to get the bonus.
Withdrawing the promotion's funds is possible once you wager them 45x. For the sake of not repeating ourselves, it suffices to say that this amount is still too high. There is no mention of what the maximum withdrawal limit of the bonus is, and it's possible there is no such restriction for this particular promotion. Overall, this bonus is pretty rewarding, and can be of interest to high-rollers, as well as people looking to make multiple deposits. We would have just liked to know what the maximum bonus amount is!
The Wednesday Free Spins
A simple Reload bonus is available to the players of the casino on Wednesdays. You can get up to 100 Free Spins from the house, depending on how much you cash in. For instance, a $20 or more deposit nets you 20 Spins, while cashing in $50 or above lets you get 50 Spins. The highest prize of 100 Spins is reserved for players who deposit at least $100. That is a fairly decent amount of Spins, and we like that players are given a choice in terms of which bonus bundle they'd like to get.
However, the 45x wagering requirement of the bonus still seems to be too high, and its $50 maximum cash out limit is too low for the highest bundle of Free Spins offered by Spin Panda!
Thursday Panda Surprised
This promotion is another way to get up to 100 Free Spins from Spin Panda. However, while the previous bonus' amount of Spins depended on how much you deposited, this one is up to chance!
Cashing in $20 or more on Thursday lets you draw a card, which will reveal how many Free Spins you got, with the maximum being 100. What's a bit troublesome about the promotion is the fact that the house does not specify at all what the minimum amount of Spins is! If you deposit $20 and get 3 Free Spins, for instance, that would not really be worth it.
Either way, like any other bonus by Spin Panda so far, we think the 45x wagering requirement for the winnings from these Spins is too high. The $50 Cash out limit is fair, unless you win a high amount of Spins from the promotion, when it seems a bit too restrictive to us!
Panda's Weekend Top-up
Any online gambling house worth its salt these days has a Weekend Reload bonus, and Spin Panda is no exception! The casino allows players to make use of the Weekend Top-up by depositing $20 or more on Saturdays or Sundays. Then, they can get 50% of that deposited amount, up to a maximum of $100 to play with.
Curiously enough, the maximum of $100 is listed in the Terms and Conditions of the house, while the page in its website, dedicated to the bonus itself, states that you can get $150 from the promotion. We decided to go with the former amount, but you should know the higher limit could also be possible.
Then, withdrawing the bonus is possible after dealing with its 45x wagering requirement. This requriement is too high, as we've mentioned. What's more annoying, though, is actually the maximum cash out limit. That has been set to $100 for the bonus funds, which is exactly the maximum amount of the bonus itself. It does not seem fair to us that players cannot withdraw any winnings from this promotion, especially after having wagered it an excessive amount of times!
Daily Bamboo Treasure
Next, we have the Daily Bamboo Treasure bonus, which works in a similar way to the Monday Free Spin promotion we discussed above. The bonus awards you with a certain amount of Free Spins, undisclosed by Spin Panda, if you have deposited $20 or more on the previous day.
We would have liked to know how many Spins players can expect to get from the bonus, but, other than that, it seems like a fair enough promotion. The wagering requirement of 45x is too high, as you might expect, but the casino does have a fair withdrawal limit of $75 for the promotion.
The Loyalty Program of Spin Panda
Finally, we should discuss the Loyalty Program of the casino. The Program allows players who stick with Spin Panda and place a significant amount of bets to progress through 14 different account tiers and unlock different rewards along the way.
Every account starts at tier 1 and works towards the highest tier 14, called master Panda. The actual progression between the levels is pretty straightforward. Every $25 you gamble in this casino gives you one Comp Point. Once you gather a certain amount of Comp Points, your account will level up and you will be awarded with a bunch of Free Spins.
The lowest amount of Spins you can get is 65, and the maximum is 2370. Each level will credit these Spins to your account in daily batches, keeping you coming back to play them for a while after levelling up. The wagering requirements of the promotions goes down as you level up, from 45x at the lowest level, to 10x at the highest. Also, the maximum withdrawal limit per batch of Spins is set to $50, which is fair enough, in our view.
There are no other rewards to get from the VIP system of Spin Panda, which is a bit disappointing. Nevertheless, having access to these Free Spin batches is better than nothing!
Spin Panda License
There is no information whatsoever on whether Spin Panda is a licensed online gambling house or not. The casino does not even disclose who its owner is, anywhere on its website! All that means we will be treating Spin Panda as an unlicensed online gambling house.
Playing in unregulated casinos is not inherently going to lead to you getting scammed, but there are plenty of protections you will be giving up on by doing so! For instance, unlicensed casinos cannot guarantee that you will have access to the following:
- RNG-Tested games: Most regulatory bodies nowadays make their subjects have their games RNG-tested, in order to ensure their outcomes are fair. That is why the games of licensed casinos can be said to be provably fair, which is not the case for the games of unregulated casinos.
- Responsible gambling tools: Responsible gambling tools include access to the ability to self-exclude at any time, by setting custom deposit limits, or even by closing down your account. This measure helps keep you safe from developing gambling addiction, but online casinos without licenses simply cannot be expected to provide you with access to it.
- Data safety regulation: It might not sound like a big deal to have your data protected by the casino you play in, but there's quite a lot of personal information that players are expected to share with casinos when verifying that account, such as your ID, your credit card and so on. Having access to protections for said data is crucial to stay safe from identity theft!
Overall, we thoroughly recommend playing with licensed casinos! Spin Panda might not be safe, but not being able to guarantee its players any of these reasonable protections makes it far less competitive. Still, let's get back to our review of the house. Here are two lists, of the languages the casino has its website available in, and of the restricted countries where it does not accept new players from:
Languages: English
Restricted countries: American Samoa, Guam, United States, United States Minor Outlying Islands, Virgin Islands, U.S.
Spin Panda Deposit and Withdrawal
The deposit and withdrawal conditions of Spin Panda are not really all that great, but there are certain merits to them. Let's take a closer look at each of them:
The deposit conditions of Spin Panda:
Deposit method | Minimum | Maximum | Processing time | Fee |
Crypto | $5 | Unspecified | Instant | Free |
Currencies: US Dollar (USD), Euro (EUR), British Pound Sterling (GBP), Turkish Lira (TRY), Australian Dollar (AUD), Canadian Dollar (CAD), Bitcoin (BTC), Tether (USDT), Litecoin (LTC), Dogecoin (DOGE), Binance Coin (BNB), XRP, Cardano (ADA)
First things first, this online casino only accepts cryptocurrency deposits. So, we recommend not opening your account in one of the FIAT currencies you can pick from when signing up to the house! These currencies are listed above, and depositing to an account in one of them with crypto will mean having to deal with exchange rates and fees!
Secondly, only having one payment method available is always going to be inconvenient to players. Especially when that payment method is crypto, which is a bit more specific, and might be unfamiliar to the majority of gamblers, who are used to cashing in via credit cards, e-wallets and so on.
Still, there are also some good points to the deposit policies of the casino, too. For instance, the minimum deposit limit of $5 is very low, compared to the average of $10-20 that the majority of online casinos nowadays tend to set as their minimum cash-in amount. Then, there's also the fact that Spin Panda does not charge any deposit fees to its players.
Keep in mind that this does not mean no fees will be charged to your deposits to Spin Panda, though. In fact, you will have to cover the crypto miner fees, which will be present with any transaction to the house. We wish that we could let you know how high these fees would be, but they are completely unpredictable!
Now, let's also take a look at the withdrawal policies of Spin Panda:
The withdrawal conditions of Spin Panda
Prior to making any withdrawal request from this casino, you will be expected to wager your deposited funds at least three times. That might sound a bit unusual, if you've never played in an online casino before, but it's actually a fairly common AML policy that the vast majority of online casinos implement, whether they are licensed or not.
Usually, you will need to play through your deposited funds 1x-3x to cash out, so the amount Spin Panda has chosen is in line with that, if on the high side. Failing to meet this requirement will simply lead to the casino denying your withdrawal request, so keep it in mind and make sure you've cleared it before trying to cash out! Now, let's take a look at the payment methods, minimum withdrawal from Spin Panda and so on:
Withdrawal method | Minimum | Maximum | Processing time | Fee |
Crypto | $20 | $1000 | Unspecified | Free |
Firstly, the same issues with only having crypto payments available are present within the withdrawal conditions of the gambling house. We won't be repeating them again, but we'd like to highlight how disappointed we are that the casino does not feature more means of withdrawal!
As for the minimum withdrawal limit of Spin Panda, it has been set to $20, which is five times the minimum deposit limit. While it is disappointing that the casino does not let players cash out as little as they could deposit, this amount is not too bad, in our view. In fact, the majority of online casinos nowadays let you cash out $10-20 on average, as a minimum, too.
What's actually an issue in our view is the fact that the house does not allow players to withdraw more than $1000 at a time. Finnish players are even more restricted when it comes to their maximum withdrawal, which has been set to $500 for some reason. Of course, there could be no good reason why the casino would need to make that withdrawal limit smaller, especially since $1000 is already not that great.
The internal process times for the approval of a withdrawal request for Spin Panda are not known at all. That way, even if crypto payments are usually settled within a couple of hours at most, we cannot say how long withdrawals will take in total, which is quite concerning.
Finally, on the subject of fees, there are no charges for players' withdrawals by the casino itself, just as with the deposit conditions of Spin Panda. That is excellent, since we don't believe online casinos these days should be charging anything for the processing of your withdrawals. However, there will be third party charges on every transaction you make. These charges are the miner fees we mentioned above, and represent one of the main drawbacks of using crypto in general.
Spin Panda Games and Game Suppliers
The range of Games with Spin Panda is pretty decent, and there are more than 8000 titles within its website in total. That is only possible, because the casino partners with 73 Game Suppliers, an amount higher than what we expected to see! In general, the majority of online gambling houses allow players to browse the titles of 50 or so Suppliers. If you are curious which Suppliers Spin Panda works with, here is a list of them:
Game providers: 1spin4win, 3 Oaks, 5 Men, Alg, Atmosfera, AvatarUX, Belatra, BetGames.tv, Betsoft, Betsolutions, BGaming, Bluebird, Booming Games, Caleta, Pear Fiction, EAgaming, Endorphina, Revolver Gaming, Evoplay, Ezugi, Fazi, Felix Gaming, Fugaso, Gamebeat, GameArt, Habanero, High 5 Games, Igrosoft, IGTech, KA Gaming, Kalamba, Leander, Lucky, Mancala, Mascot, MPlay, Mr Slotty, NetGame, Novomatic, Nucleus, Onlyplay, Platipus, Playson, PragmaticPlay, Quickspin, RubyPlay, Smartsoft Gaming, Spade Gaming, Thunderkick, Tom Horn, Wazdan, Zillion, Other
As you can see, there are some fairly recognizable Suppliers here, including the likes of PragmaticPlay, Evoplay, BGaming and so on. This means that the overall quality of the games available to the players of the casino is also going to be higher than average! So, let's take a look at just what Games you can pick from within this online gambling house:
- Slots: If you are a Slot fan, you will find thousands of different games from the genre within Spin Panda. This includes popular tiles such as Big Bass Bonanza, Book of Dead, Wolf's Gold and so on, as well as no shortage of lesser-known games to explore. The massive range of Slots also includes various types of games: Tumbling Reels, 3 Reel, 5 Reel, Bonus Buy and Jackpot Slots, among others.
- Table Games: Table Game classics such as Baccarat, Poker, Blackjack, Roulettes and more are also available with Spin Panda, and you can play them in either Live or Virtual dealer versions! These classic games are always thrilling and allow you to enjoy a very realistic casino experience.
- Game Shows: Crazy Time, Gonzo's Treasure Hunt, Crazy Coin Flip and Cash or Crash are just some of the popular Game Shows that you can tune in to within this online casino. Game Shows are a bit of a new genre, so we are happy to report that Spin Panda features no shortage of them!
- Crash Games: Speaking of new genres, fans of the fast-paced, high-ante gameplay of Crash Games will be able to enjoy quite a lot of them here, including the likes of Triple Cash or Crash, Aviator and Xmas Crash
- Other Games: There are also a bunch of miscellaneous other games to enjoy, too, such as Scratch Card titles, and a couple of Fishing games.
Conclusion
In summary, there is a lot to like about this casino's games, and its promotions are fairly rewarding. However, we simply cannot recommend playing here, because of the lack of clarity as to the regulatory background of the gambling house! Also, we are not fond of the payment policies of Spin Panda at all, and the uncertain processing times for cash-outs. To that end, you should check out the rest of our reviews instead of wasting your time and money within Spin Panda!