How to Find the Best Bitcoin Bonuses Online
With the increase in popularity of Bitcoin and crypto casinos, competition between the various gambling operators is rife in the industry, which all works to your advantage. In a bid to enhance your experience at the top Bitcoin sites, the various platforms provide a selection of attractive offers to draw you in and keep you entertained.
In most cases, these bonuses are designed to boost your bankroll and give you extra credits to enjoy the array of casino games offered on the site.
online casinos excel in this area, ensuring that you are well looked after from the moment you sign up, until the day of your last deposit. While bitcoin casinos appeal to a unique market segment, their line-up of bonuses and promotions often outshine the offers at normal currency sites.
The Perks of Crypto Casino Promotions
There are a few notable benefits to claiming a bonus or promotion at a trusted Bitcoin casino. Our top three picks for why we enjoy these types of bonuses are:
- Naturally, the bonuses are offered to you in a cryptocurrency, rather than standard fiat currencies like the Euro or British Pound. This means that you don’t have to work out currency conversions each time you want to play.
- The wagering requirements on Bitcoin bonuses are often far more competitive than at other online casinos, averaging around 30x.
- Bitcoin casinos offer lightning-fast withdrawal times. Without banks and local government holding up the process transactions to and from crypto casinos are far faster than at regular online casinos.
Did you know that at Bitcoin casinos the dreaded KYC (Know Your Customer) verification process is non-existent? When you withdraw your winnings, they are paid into your crypto-wallet no questions asked.
The nature of bonuses and promotions offered by crypto casinos closely parallel those of regular online casinos, with the selection ranging from deposit matches to wager free to game-based offers.
Stay Current on Virtual Currencies
When making deposits and placing wagers at crypto casinos, you will need to be familiar with the credits that you are using. While regular casinos deal in Euros, Pounds, Dollars and so forth, in Blockchain-based gambling circles, you transact in Bitcoin (BTC), Millibitcoin (mBTC), and Satoshi. The break-down is as follows:
- 1 BTC = 1,000 mBTC
- 1mBTC = 100,000 Satoshi
Given the impressive value of Bitcoin casinos in the cryptocurrency space allow for deposits and wagers to be placed in these smaller increments to ensure that everyone can enjoy the entertainment and excitement of this burgeoning tech-based currency.
Read our Beginners Guide to Bitcoin to learn how to get your hands-on Bitcoin now.
Choose the Best Bitcoin Bonus For You
There is a variety of bonus and promotional offers available at online crypto sites. When choosing the right one for you, there are a few questions you need to ask yourself:
- How much am I comfortable spending?
- What sort of games do I want to play?
- How often am I likely to play?
- As a new player do I want a bankroll boost to get started?
Identifying these requirements will help you determine which bonus offer would best suit your character as a player.
The different bonus options include:
1. How Deposit Match Bonuses Work
Match deposit deals are designed to reward casino-goers who deposit at a casino site. Their deposit is then matched by a specific percentage, up to a capped amount of bonus money.
As an example, a casino could offer a first deposit offer of 100% Match up to 20 mBTC. This offer essentially offers you the chance to play with double the amount deposited, up to the pre-set cap of 20 mBTC. Any amount deposited above that will not receive the incentive.
To reward players for making multiple deposits and being active at the casinos there are also offers based on those metrics.
An example of a multi-deposit bonus valued at 2BTC would be:
- 1st Deposit is 100% Match up to 1 BTC
- 2nd Deposit is 50% Match up to 0,5 BTC
- 3rd Deposit is 50% Match up to 0,5 BTC
It is important to always take the time to read the bonus description and the associated terms and conditions to ensure you make an informed decision about which bonuses to claim and how much to deposit.
2. Understanding Free Spin Bonus Offers
Free Spins are a popular bonus type as they get online slot fans right into the action on the latest and most beloved titles. As the bonus name suggests the casinos offer a set number of free games for them to enjoy across one or more video slot – at no cost to the player.
These offers are not just for fun with winnings from these free spins available to be cashed out, once you complete the wagering requirements.
There are two main types of free spin bonuses available on the market:
- No Deposit Free Spins: Often casinos will give you free spins just for registering an account with them. No crypto needs to be spent to qualify for it. These are usually playable on a selection of specific slot games and have a limit to the amount of money you can win with them.
- Deposit + Free Spins: To claim some free spins offers, you may be required to deposit a minimum amount of Bitcoin first. The wins on such spins are not usually capped.
Free spins are popularly found at most Bitcoin casinos and provide a handy way to increase your playtime on some of the most exciting games on the platform.
3. Delve into Cashback Offers
Rather than focus on deposit-based bonuses, there are crypto casinos who offer an ongoing Cashback bonus based on your losses at the casino. An example of such an offer would be an offer of 10% Cash Back up to 10 mBTC.
While these offers don’t incentivise large upfront deposits, they are of great value to players who enjoy playing consistently as they guarantee an ongoing return on your time at the casino.
4. Combined Bonus Offers
The most sought-after bonuses at Bitcoin casinos are the Combination Offers. This will most often combine a Deposit Bonus of some type with additional Free Spins or a Cashback deal.
It simply means that the casino is prepared to doubly spoil you as a player. It gives you the maximum chance of enjoying every aspect of your entertainment.
A Hospitable Handshake! It is worthwhile noting that most casinos will offer first-time depositors and new players a Welcome Bonus to get them started. This type of promotion can come in the form of a Deposit Match, Free Spin, or Combo offer.
It is important to note that while bonuses and promotions are not compulsory at Bitcoin casinos, opting-in for them will often give you the means to play for longer without spending too much of your own cryptocurrency first. So, if you have the patience required to playthrough the terms and conditions of the promotions, then we highly recommend that you try out some of our top gambler’s picks.
The Catch of the Day
While bonuses and promotions are helpful bankroll boosters, there are always terms and conditions attached which you need to be aware of. As the adage goes “An informed people are a Happy People”. For this reason, we always recommend taking the time to read the associated terms before making a deposit, regardless of the casinos fantastic reputation.
Pro Tip: Be sure that you read through the full bonus policy of the casino before claiming a promotion. Pay special attention to the sections covering a) Bonuses, b) Deposits, and c) Withdrawals. This way you should cover all that the casino expects from you when claiming offers.
Here are some Ts and Cs to watch out for in the bonus policy of the casino site:
Most casino bonuses will come with a minimum deposit required before you can claim and utilize the bonus. This will often be a small amount of around 0.006 BTC/6 mBTC, but will depend on the casino you are visiting, so be sure to read the terms and conditions thoroughly.
When a bonus does not require a minimum deposit before claiming the promotion, there is usually a weightier wagering requirement, or a cash-out limit attached to it. It is also worth noting that some casinos will not allow you to withdraw any funds until you have at least made a single deposit on their site.
Wagering Requirements on Deposit Bonuses
Nearly all casino bonuses will come with a wagering requirement. This refers to the number of times you must wager the bonus amount before you can withdraw any wins. In some cases, the Wagering is restricted to the bonus alone, but this can vary to include a multiple of the bonus + deposit amount, so be sure which option is on the table at your choice of casino.
A working example of a common wagering requirement:
If a casino offers you a 100% Bonus up to 10 mBTC with a wagering requirement of 40x and you deposit 5mBTC and receive 5mBTC as a bonus.
- If the wagering is on the bonus only (5 mBTC) you will have to wager an amount of 200 mBTC (5 x 40) before you can withdraw any winnings.
- If the wagering is on the bonus + deposit (5 + 5 = 10), you will have to wager an amount of 400 mBTC (10 x 40) before you can withdraw winnings.
A wagering requirement of 35x to 40x is an industry-standard and is considered a fair and competitive practice.
Wagering Requirements on No Deposit Free Spins
The playthrough requirements on no deposit free spins work a little differently than on match deposit bonuses. Instead of wagering the bonus amount through 35 or 40 times, you will need to wager the amount of money you win from the free spins by the requirement before you can withdraw anything from the casino.
Not all games are treated equally when it comes to wagering requirements. Certain title options are weighted differently. While certain slots and other high stakes games will usually equal 100% of the requirement, games with a low house edge, like Blackjack, will only count for a much lower percentage.
Individual casinos will usually set their own allowances with regards to the game weighting. A classic example of what you will find may look like this:
- Slot Games and Keno: 100% of wagering will be met on these games.
- Roulette: 25% of wagering will be met when playing European and American roulette games.
- Blackjack and video poker: Only 10% of wagering will be met when playing video poker and blackjack titles.
- Live Dealer Games: 40% of wagering will be met on all live casino games except for Blackjack.
In the case above, a Blackjack player claiming the bonus would only meet 10% of the wagering requirement for every wager they make. They would therefore have to spend 10x the amount of money that would normally be required on a game like slots before they can cash in. For this reason, most standard casino bonuses are best suited to slot games and other high stakes options like Keno, etc.
Free Spins over Consecutive Days
Sometimes, when free spins are offered as part of a bonus deal, they may be split up and distributed over a course of several days. It is not uncommon to receive 100 free spins with a deposit match bonus, only to receive 10 spins per day over 10 days. Be sure of how the Bitcoin casino chooses to present their free spins.
Free Spins with limited Payouts
Often free spins have a withdrawal limit attached to them, especially if they were claimed without a deposit. Where fiat currency casinos usually cap the withdrawal to €100, crypto casinos often limit the amount to around 15 mBTC. Because there has been no payment on your side, it is only fair that such limits be imposed.
While many casinos nowadays do not charge fees when you make withdrawals, others will charge you a percentage of your takings. Be sure that you are familiar with any such costs, which can be found under the ‘Withdrawals’ section on the general terms and conditions page of the casino site.
At GamblersPick, we search high and low for the best bonus offers for our crypto casino gamblers, to ensure that you have easy access to the best options out there. Be sure to use this page as a handy guide to make choosing Bitcoin Bonuses a cinch.