The current welcome offer and what each deposit unlocks
The main promotion gives you a bonus on four separate deposits. Taken together, the package is worth 375% up to $5,625 AUD, with 200 free spins included. You use a different code at each stage, so the order matters: AXE1 for the first deposit, AXE2 for the second, AXE3 for the third and AXE4 for the fourth.
| Step | Code | Bonus | Free spins |
|---|---|---|---|
| 1 | AXE1 | 100% up to $1,500 AUD | 50 FS |
| 2 | AXE2 | 100% up to $1,125 AUD | 100 FS |
| 3 | AXE3 | 75% up to $1,500 AUD | 50 FS |
| 4 | AXE4 | 100% up to $1,500 AUD | None listed for this step |
Each welcome step requires a minimum deposit of $30 AUD. Every step remains valid for seven days, and the free spins from the first three stages are played on Wild Cash and Big Atlantis Frenzy by BGaming. The free spins winnings cap is $750 AUD.
The four bonus percentages are 100%, 100%, 75% and 100%. The maximum bonus amounts total $5,625 AUD, while the free spins total 200 FS.
How to claim the bonus codes without missing a step
The simplest approach is to treat the offer as four separate stages rather than one large bonus. Have the correct code ready before making each deposit, and keep an eye on the seven-day validity window once a bonus is active.
Choose the first welcome stage
Make a deposit of at least $30 AUD and apply code AXE1. This activates 100% up to $1,500 AUD plus 50 free spins.
Complete the first wagering requirement
Use the bonus according to its terms before moving to the next stage. The maximum bet while a bonus is active is A$8 per spin.
Use the next code for the next deposit
For the second deposit, apply AXE2 for 100% up to $1,125 AUD and 100 free spins. The third deposit uses AXE3 for 75% up to $1,500 AUD and 50 free spins.
Finish with the fourth deposit
Apply AXE4 to the fourth deposit for 100% up to $1,500 AUD. Check that the relevant bonus is active and within its seven-day period before playing.
A practical example: a $100 AUD first deposit with AXE1 produces a $100 AUD bonus, because the first stage matches 100% of the deposit. That gives you $200 AUD in deposit-plus-bonus funds, subject to the wagering calculation and the other conditions.
The 45× wagering rule and what counts towards it
The welcome package carries 45× wagering on the combined deposit and bonus amount. This is the main calculation to understand before you claim an offer. Using the $100 AUD example above, the wagering figure is 45 times $200 AUD, which equals $9,000 AUD.
| Game category | Contribution to wagering |
|---|---|
| Pokies and slots | 100% |
| Roulette, card games, poker, video poker and craps | 5% |
| Jackpot games and crash games | 0% |
| Some slot games | Excluded from contribution |
Pokies and slots therefore provide the full contribution, while table games and selected other categories contribute much less. Jackpot and crash games do not contribute towards this wagering requirement. Some slot games are also excluded, so choosing a game is part of managing the bonus rather than a small detail.
While a bonus is active, the maximum bet is A$8 per spin. Going above that amount can affect your eligibility under the bonus terms, so keeping each spin at or below A$8 is the straightforward way to stay within the stated limit.
Free spins: games, caps and the three stages that include them
The welcome package includes 200 free spins across its first three stages. Step 1 gives 50 FS, Step 2 gives 100 FS and Step 3 gives another 50 FS. The spins are awarded on Wild Cash and Big Atlantis Frenzy, both by BGaming.
AXE1 includes 50 free spins.
AXE2 includes 100 free spins.
AXE3 includes 50 free spins.
The spins are tied to Wild Cash and Big Atlantis Frenzy by BGaming.
Free spins winnings are capped at $750 AUD.
The free spins are part of the wider welcome terms, so the 45× wagering rule applies to the welcome bonus and its free spins promotion as stated. The free spins winnings cap is separate from the welcome cashout cap, which is calculated using your deposit.
Cashout rules: the limits to calculate before you play
The welcome bonus has a maximum cashout of five times your deposit. For example, if your qualifying deposit is $100 AUD, the welcome bonus cashout limit works out to $500 AUD. This is different from the general deposit-bonus maximum cashout of $7,500 AUD.
| Term | Rule |
|---|---|
| Minimum deposit | $30 AUD |
| Wagering | 45× deposit plus bonus |
| Maximum bet during the bonus | A$8 per spin |
| Welcome bonus cashout | 5× the deposit |
| Free spins winnings cap | $750 AUD |
| Validity | 7 days |
A useful way to think about the offer is to separate three figures: the amount you deposit, the bonus added to it and the amount required for wagering. Then check the five-times-deposit cashout cap and the $750 AUD free spins cap before planning a withdrawal.
Other promotions if you want a different bonus shape
Axe Casino also lists recurring deposit promotions alongside the four-step welcome package. These can suit you better if you prefer a smaller single bonus, a particular day of the week or extra free spins.
| Promotion | Offer | Main condition |
|---|---|---|
| Tuesday Reload | 45% up to $750 AUD | Minimum deposit $30 AUD; code TUESDAY; Tuesdays only |
| Thursday Combo | 75% up to $750 AUD + 25 FS | Minimum deposit $30 AUD; code THURSDAY; valid 7 days |
| Daily Bonus | 25 FS today + 25 FS tomorrow | Minimum deposit $100 AUD |
| Weekend Bonus | 70% up to $750 AUD | Available Friday to Sunday |
| Weekend with FS | 75% up to $750 AUD + 25 FS | Available Friday to Sunday |
The Tuesday Reload and Thursday Combo both carry 45× wagering, while the welcome package has its own deposit-plus-bonus calculation. The High Roller Package is another option, reaching 500% up to $9,750 AUD plus 300 free spins across four bonuses, with a $380 AUD minimum deposit and 45× wagering on the bonus.
Ready to compare the available offers?
Choose the promotion that matches your budget, then check its deposit, code, validity and wagering terms before activating it.
How the welcome offer fits with payments and withdrawals
Australian dollars are supported, and card deposits through Visa, Mastercard and Maestro range from $30 AUD to $6,000 AUD. More than 30 deposit methods are listed, including Skrill, Neteller, Payz, MiFinity, MuchBetter, AstroPay, bank transfer and cryptocurrencies such as Bitcoin, Ethereum, Litecoin, XRP, Dogecoin, ADA, BNB, TRX, USDT and USDC.
Crypto deposits have no upper limit. Withdrawal limits are 2,500 USD/EUR per day, 7,500 USD/EUR per week and 15,000 USD/EUR per month, with higher payout limits available to VIP players. Withdrawals are processed within 72 hours of approval; bank transfers take 3-5 days, while crypto withdrawals are processed fastest.
The bonus wagering requirement must be completed before withdrawal. First withdrawals may also require account verification and document checks before funds are approved.
A simple checklist before activating the promotion
- Confirm that you are at least 18 and accessing the service outside Australia, as required during registration.
- Have at least $30 AUD ready for the selected welcome deposit.
- Use the correct code for the stage: AXE1, AXE2, AXE3 or AXE4.
- Calculate 45× of the combined deposit and bonus amount.
- Keep every bonus-active spin at A$8 or below.
- Use games that contribute appropriately to wagering, remembering that pokies and slots contribute 100%.
- Track the seven-day validity period.
- Remember the five-times-deposit welcome cashout cap and the $750 AUD free spins winnings cap.
Bonuses are optional and gambling involves real financial risk. Set a budget before depositing and treat the promotion as entertainment rather than a way to make money.
Claim only when the terms suit your play
The four-step offer has a sizeable headline value, but the wagering, bet-size and cashout rules matter just as much as the percentage.
Questions about 200% Welcome Bonus
Does Axe Casino offer a 200% welcome bonus?
The current welcome promotion is structured as four deposit steps rather than one 200% offer. Across the four stages, it reaches 375% up to $5,625 AUD plus 200 free spins.
What code do I use for the first deposit?
Use AXE1 for the first deposit. It gives 100% up to $1,500 AUD plus 50 free spins, with a $30 AUD minimum deposit.
How much wagering applies to the welcome package?
The requirement is 45× the combined deposit and bonus amount. For a $100 AUD deposit with a $100 AUD bonus, that means 45× $200 AUD, or $9,000 AUD.
What games contribute most to the wagering requirement?
Pokies and slots contribute 100%. Roulette, card games, poker, video poker and craps contribute 5%, while jackpot and crash games contribute 0%.
How many free spins are included?
There are 200 free spins across the first three stages: 50 with AXE1, 100 with AXE2 and 50 with AXE3. They are awarded on Wild Cash and Big Atlantis Frenzy by BGaming.
What is the maximum bet while the bonus is active?
The maximum is A$8 per spin while a bonus is active.
What is the welcome bonus cashout limit?
The welcome bonus cashout is capped at five times your deposit. Free spins winnings have a separate cap of $750 AUD.
How long is each welcome bonus valid?
Each welcome bonus step is valid for seven days.