How Do Bitcoin Casino Bonuses Really Work?

There are so many different online casinos out there that it is natural that all of them try to compete to offer you the most attractive crypto casino bonus. The problem is that, with so many crypto gambling bonuses out there at any one time, it becomes hard to figure out where the value lies. Multipliers, paybacks, and free spins can all be adapted from fiat to crypto, and there is a great deal of variation when it comes to wagering requirements.

To help make things that little bit easier, we’re going to take a look at how these bonuses really work.

Different Types of Bitcoin Casino Bonuses

Crypto bonuses include crypto welcome bonuses, offers of free spins, and no deposit bonuses, to name just a few. It’s important to note that they come with lower fees and more volatility than fiat bonuses, as well as the potential to appreciate over time. Crypto bonuses also lead to faster, more flexible payouts than fiat.

Crypto Welcome Bonuses

These types of bonuses work on a percentage match model, with other currencies like ETH also offering the same model as Bitcoin. While they can be amongst the highest value bonuses, they also generally come with the highest wagering requirements. This is why a Bitcoin welcome bonus is generally something that more experienced players with larger digital wallets will tend to target.

Crypto No Deposit Bonuses

Generally speaking, crypto casinos will not offer no deposit bonuses in Bitcoin because this type of free crypto bonus can harm their business model. If the size of the balance rapidly appreciates due to volatility, the casino has given away a now much more valuable asset for little in return. As such, when these types of bonuses are offered, they tend to have very high cashout limits to force players to keep playing.

Crypto Deposit Match Bonuses

Percentages of 100%, 200%, or more can be found from a range of online casinos, making a direct comparison across multiple operators the best course of action. It’s also important to take into account the added variable that is crypto volatility, as this can change the present value of such a bonus dramatically in a way that playing with fiat won’t.

Crypto Free Spins

Free spins will often take the form of a slots-specific bonus, meaning that you can only use the bonus in a select few games. The real value of the bonus will depend on the present degree of volatility, with newer players often choosing to wait until more stable periods begin before redeeming their Bitcoin free spins.

Crypto Reload & Loyalty Bonuses

Many operators will look for weekly reloads as a method of gauging who their loyal players are. They may also offer high-volume players certain VIP perks to encourage them to stick with their platform, rather than play somewhere else. That said, players should only ever play with a VIP crypto casino that promotes safe, healthy, and sustainable gambling habits.

Crypto Referral Bonuses

This is a type of marketing that offers players who refer a friend who then makes a certain size of deposit either a revenue share or a series of tiered rewards based on how many new players they bring with them. The limits and restrictions on any crypto referral bonus will vary from one platform to the next and can be highly seasonal as casinos look to attract new players during quieter parts of the year.

Claiming Bitcoin Casino Bonuses

This is the part of the guide where we show you how to claim crypto casino bonus offers safely and securely. After setting up your account and verifying your digital wallet, you will need to make a deposit that matches the wagering restrictions laid out by the casino. The way in which you claim the bonus so that you can redeem it will vary, and the most common approaches are detailed below.

Auto-Applied Bonuses

These types of bonuses will be automatically credited to your betting account, and a confirmation email will be sent to your registered inbox. This is the simplest approach and one that many crypto casinos are now using.

Manual Opt-In Bonuses

If you are close to meeting certain wagering requirements, you may see a pop-up from the operator that lets you know. You can then manually opt in to receiving the bonus by changing your pattern of play to meet the wagering requirements.

Bonus Codes / Promo Codes

Bonus codes are often used to attract players who have been dormant for a period of time and need to be manually entered for one-time use. Geographical restrictions and expiry dates apply, as they do with the other methods outlined above.

Important Terms in Bitcoin Casino Bonuses

Understanding the bonus terms and key details, such as the max bet rule, is the only way to make sure that you can make an informed decision about how you want to proceed:

• Wagering requirements of 25x, 40x, and 60x are common, but their real-world values will depend on the volatility of Bitcoin at the time you redeem them.
• Max bet limits cap the potential returns you can make when you use a bonus by limiting how much you can bet with.
• Game contribution percentages will be capped to make sure that they cannot increase indefinitely, and so that only certain games can be played.
• The list of eligible cryptocurrencies will be clearly displayed so that you can see if you are interested in the specific type of funds.
• Bonus expiry dates should be clearly displayed by operators and noted by players to make sure that everyone understands the constraints.
• KYC requirements in crypto casinos mean that you will have to have an authenticated and verified account to use your bonus.
• Cashout limits are in place to restrict how much you can potentially win with any given bonus, protecting the casino from overexposure in the process.
• Volatility needs to be factored into all crypto payments because the size of your winnings may fluctuate, fall, or appreciate in ways you do not expect if you are only familiar with fiat.

How to Maximize Your Bitcoin Casino Bonuses

To maximize crypto bonus sizes, it’s important to follow these hot tips: 

• Always check the wagering requirements so you understand what you have to do.
• Try to choose bonuses with low contribution restrictions so you have more flexibility.
• Compare crypto-specific welcome offers across operators to optimize for value.
• Avoid bonuses on games with tiny contribution rates as they will be much lower in real terms.

By making sure that you assess the wider landscape, rather than looking solely at one operator, you will increase your chances of growing the value of the Bitcoin bonuses you have at your disposal. Ideal when you want to be able to extract maximum value from the offers that are out there.

H2: What Makes Bitcoin Casino Bonuses Safe?

If you want to identify safe crypto bonuses offered by licensed crypto casinos, make sure to look for each of the following:

• Licenses that are valid and awarded by a trustworthy jurisdiction
• Fair terms and transparent wagering requirements so you know your options
• Smart-contract-based bonuses that remove delays due to human intervention

Avoiding unregulated casino sites is always the best course of action because it will make sure you are not unwittingly exposed to potential scams and to sites with little or no player protection. If in doubt, walk away rather than taking the risk of making a deposit. For additional reading, we also recommend the bonus guide on CryptoSpinners.com for insight into other related areas.

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