Bitcoin has set the online gambling world on fire and we mean literally! Players can pick and choose from a wide range of Bitcoin casino bonuses that gives their bankroll a much needed shot in the arm.
When it comes to playing your favorite games few things can top playing them with a decentralized cryptocurrency where cash outs are handled in less than 10 minutes, deposits are instant and no banks slap you with steep transaction fees. If you haven’t accepted a Bitcoin casino bonus yet we’re going to tell you more about it in this guide. There are different bonuses and what you must look for before you accept them.
Bitcoin Casinos Types of Bonuses
The welcome bonus or match bonus is a special treat that’s reserved for first time Bitcoin casino depositors. The idea behind the bonus is to encourage you to sign up, whatever amount you deposit will be doubled instantly. The welcome bonus package differs from one Bitcoin casino to another the standard match bonus is 100%.
If the operator’s deposit bonus is 0.5 BTC up to 100%, your deposit of 0.5 BTC will be matched with a bonus of 0.5 BTC leaving you with an increased bankroll of 1 BTC. As you can see generous offers like this is hard to beat. Some Bitcoin casinos might even throw in a no deposit bonus of 50 free spins.
The welcome bonus is a once-off, once you’ve accepted it you’re no longer seen as a ‘newbie’ but a regular. Regular depositors are enrolled into the Bitcoin casino’s VIP program automatically. Here they get comps that can be exchanged for cash every time they play, rebate on their losses, special bonuses, birthday gifts and a VIP manager that’s at their service 24/7. Reload bonuses of 25% up to 100% on selected slot games are doled out too albeit on a weekly basis.
The free spins bonus if offered by most Bitcoin casinos on selected Bitcoin slots. Some casinos offer up to 50 free spins to celebrate special events on the calendar. The good news is that the free spins bonus is not a stand alone entity but coupled with the casino’s standard bonus package which substantially increases your playing time. Don’t miss out on this exciting Bitcoin casino bonus.
Refer a Friend Bonus
For every Bitcoin depositor (friend) you refer the casino will credit your account with a bonus it’s also known as the ‘refer-a-friend’ bonus. There’s a small catch though, before you can receive the bonus the friend you referred must deposit and play. Some Bitcoin gambling sites has a limit on the amount of friends you can refer while others are unlimited.
No Deposit Bonus
The Bitcoin no deposit casino bonus is not as popular as the free spins or welcome bonus and differs from the latter two. If the Bitcoin casino you’re about to play at offers it you should lock onto it immediately. Unlike the match or welcome bonus the no deposit bonus can’t be cash out and comes with a max win cap of $150 to $200. It does give you the opportunity to play a popular new slot machine. The standard no deposit bonus given by Bitcoin casinos is 10 mBTC.
The reason why the operator awards no deposit bonuses is to allow players to get a feel for the game’s payouts without risking their own cash. The play-through ranges from 30 to 40 times the bonus. If the bonus is 50 mBTC you must roll over 1,500 mBTC or 1.5 BTC before you can withdraw the cash you’ve won. Remember that the weighting of the wagering requirement differs from game to game. For example, slots normally contribute 100% while video poker and blackjack counts 5%.
Different No Deposit Bonuses
This bonus is not awarded on whim to new clients. They must be retrieved manually by means of providing the bonus codes at the casino’s live text chat facility. Once done, the bonus will be added to their Bitcoin account.
If you’re the type of player that prefers this type of bonus check your Inbox regularly for the casino’s newsletter announcements. The no deposit bonus is still relatively new to the Bitcoin casino niche but it’s catching on fast. If you’re a newbie and the casino doesn’t offer one you can request one. More often than not the operator will be more than happy to oblige because they value your business. Further information on the no deposit bonus can be found under the ‘Promotions’ tab at the casino. Here it lsits the various bonuses as well as their terms and conditions.
The Bitcoin casino no deposit bonus is similar to the deposit bonus but there’s a couple of them we’re going to discuss briefly:
When you request a withdrawal the cashable no deposit bonus allows you to collect the bonus on top of your winnings. In other words you can cash out the bonus and your winnings.
The non-cashable bonus is purely for playing proposes since it cannot be cashed out. It gives you a feel for the game and how the casino works.
Free Spins. The bonus is a nice alternative to no deposit bonuses and only apply to slot games.
Comps. On their first deposit new players can start earning comps which helps them to increase their VIP status from the get go.
Why You Must Accept a Bonus
The purpose of the Bitcoin casino bonus is structured in such a way that it allows the players to play ‘risk free’. Even if you’ve lost the funds (bonus) the casino gave you you’re not responsible for it. Upon completion of the wagering requirement the bonus is normally deducted from the cash you’ve won. As mentioned previously it is also a nice comp from the casino to increase your bankroll.
Banking Your Bitcoin Casino Bonus
Bitcoin casinos like BitStarz allows you to deposit and cash out the winnings you gained from the casino bonus in Bitcoin. While other operators converts your bitcoins to fiat currencies like USD dollar, Euros or British Pounds.
Depending at the site you’re playing at withdrawals are cleared within minutes up to 24 hours.
The nice thing about playing at a Bitcoin Casino is that you don’t need to provide any verification documents such as a copy of your passport or ID because the cryptocurrency is completely anonymous.