Bitcoin casinos are slowly taking over the traditional online casinos owing to the manifold benefits that online bitcoin casinos offer to their players. Apart from the distinctive features of anonymity, safety, reliability, faster transactions, etc., the next important feature that makes the online bitcoin casinos preferable is the exciting bonus and promotional benefits they offer.
As the name sounds, bitcoin casino bonuses are the bonuses that are paid in bitcoins to the players, sometimes just for signing up in a bitcoin casino, or sometimes for reaching a specific milestone set by that respective casino the player has registered. Online casinos generally offer these bitcoin bonuses to players to make the sign-up process more interesting or to retain the existing players because bonuses serve as huge incentives for players.
What Types of Bitcoin Bonuses Are Available?
There are various types of bitcoin bonuses available; some of them are discussed below:
Bitcoin welcome bonus happens to be the most generous bonus that the bitcoin casinos offer to first-time players as they sign up to a bitcoin casino website. Most of the bitcoin casinos offer a doubling percentage on the bonus whatever the players deposit in their account for starting the game, the casino credit the double amount in their accounts.
Players receive the deposit as and when they deposit some BTC into their accounts, and the casinos offer bonuses on top of the players’ deposit as a gesture of gratitude. When players deposit BTC into their accounts, they are readily converted into fiat amount, and the bonus is credited on top of this fiat amount. Deposit bonuses depend on the match percentage as set by different casinos. Some may offer a 50% match bonus, while others can go up to 100% or even 200% match bonus.
Free spins are the most popular promotional offers for slot games, and most casinos offer free spins along with the welcome bonus as added incentives to players. However, to avail of free spins, there are always certain terms and conditions required to be fulfilled, and they have their limitations.
No Deposit Bonus
As the name suggests, players do not need to make any deposits to redeem this bonus; they can avail immediately after the registration to the casino is complete.
Players can redeem this bonus just by referring a friend about joining the casino, and if he joins, you get the referral bonus bitcoins credited to your account.
How Do Bitcoin Bonuses Work?
Bitcoin online casinos offer the same type of bonuses as traditional online casinos with the only difference that traditional casinos pay the bonuses in fiat currencies like British Pound, US Dollar or Euro, whereas bitcoin casinos pay the same bonuses in bitcoins, so there is a need for currency conversions in case of bitcoin casinos. Because of the volatile nature of bitcoin as well as other cryptocurrencies, the bitcoin value keeps fluctuating.
Due to this, in most of the online casino sites, the bitcoin deals are expressed in lower denominations, e.g., in milliBitcoin because its value is the closest to the pound, dollar, or euro. Therefore, before registering into any bitcoin online casino, players should always understand how the milliBitcoin 1converts to their preferred fiat currencies.
How to Take Advantage of Bitcoin Bonuses
All bitcoin online casinos have some specific wagering requirements attached to the bonuses that they offer. For example, some casinos may have limits on the number of bets that you can place, or there may be specific games eligible for bonus offers, etc. However, to take advantage of the bitcoin bonuses, the players should consider the following points:
- Obtain bitcoins first; otherwise, you cannot play in any bitcoin online casinos. Bitcoins can be bought at any leading crypto exchange, either with other cryptos or fiat currencies.
- Get the crypto wallet address of the online casino where you need to send the BTC coins to start playing. Visit the exchange form where you have purchased the Bitcoins and then enter the recipient casino’s wallet address and BTC amount that you intend to send.
- Every bitcoin casino has some specific terms and conditions to fulfill, after which the players are eligible for bitcoin bonuses. So, go through the terms and conditions before cashing out bitcoin funds.
FAQs related to Bitcoin casino Bonus
How to claim a Bitcoin casino Bonus?
After fulfilling the following terms and conditions, players can claim bonuses.
- Maximum number of bets that need to be placed
- the wagering of bonus multiples required to cash out a bonus (playthrough)
- maximum time limit to meet the playthrough
- game restrictions (certain games are not eligible for bonus playthroughs)
- or country restrictions (some countries do not qualify for bonuses).
What are Bitcoin Bonuses?
A bitcoin casino bonus is a kind of a promotional offer in the form of bonus BTC coins that the bitcoin online casinos credit to a player’s account.
How do I transfer bitcoin bonuses to a crypto wallet?
Players can transfer their bonus Bitcoins to their crypto wallets only after the bonus clearance. For this, players need to play through their Bitcoin sign up bonus a predetermined number of times before they are available for withdrawal. Once cleared, players can conveniently withdraw the bitcoin bonus just like other fund withdrawals.
How long does it take to withdraw bitcoin gambling bonuses?
If the bonus has been cleared, it will take the same time interval to withdraw as in regular withdrawals. Generally, it takes a maximum of 24 hours to transfer bonus cash to your wallet, depending on factors like bitcoin congestion.
With the emerging popularity of bitcoin networks, many scams online casino websites are also popping up, providing offers that are too good to be true. Therefore, before signing up for any of the online casino sites, do thorough research about their credibility.