A Bitcoin casino bonus should be familiar to everyone. Many Bitcoin casinos have bright shiny banners on their site. They boast welcome bonuses of 200% on your first deposit ever or a 100% bonus on your first deposit in the week. These promises are attractive and are true. You really will get that online casino bonus Bitcoin deal. But there is a catch.
The trouble is that these online casino bonus Bitcoin deals are not all they promise. When people get them, they expect free money. But the aim of these bonuses is attracting customers to play jackpot games. An online casino is a business so they are not exactly going to give gamblers free money. There is a chance to make a profit with help from these online casino bonus Bitcoin; however, that is not easy. If you want to come out ahead with these bonuses, you’ll need to know more about them.
The most basic online casino bonus Bitcoin offer in an online casino is the welcome bonus. This is when the first time you deposit, you get a bonus, which functions similarly to a first deposit bonus. This is when you deposit money into your account and the casino gives a percentage bonus.
For example, the site has a 50% deposit online casino bonus Bitcoin giveaway. When you deposit 1 BTC, the site puts 0.5 BTC to your account. Deposit bonuses apply at specific instances to encourage players to put money into their accounts. These bonuses get you to play Bitcoin roulette or other games.
There are two main restrictions on deposit bonuses. First, there is usually a limit. In the example above, the casino will most likely state that they’ll only give out a maximum amount. This means that the online casino bonus Bitcoin will not cover deposits higher than that.
The other restriction is the wagering requirement. This means that you can only withdraw the bonus after you wager the amount for a number of times. The usual amount is 30 times or more. So if you want to be able to cash out your online casino bonus Bitcoin offer, you’ll need to bet 30 BTC in total which can take a long time, provided the bonus you received is 1 BTC.
No deposit bonuses
The other type of online casino bonus Bitcoin is the no deposit bonus. These online casino bonus Bitcoin offers are automatic bonuses that are given when you sign up for an account at an online casino. Sometimes, this is given to loyal customers. The site places cash or free spins in your account so that you can start wagering. The main restriction with Bitcoin casino bonus no deposit is that you’ll need to meet the wagering requirements before you can withdraw anything. Such online casino bonus Bitcoin offers are better since you didn’t place any deposits to get them, but they can still be difficult to claim. Similarly, some of the no deposit bonus deals cannot be exchanged for real money or Bitcoin, thereby technically giving players free credits for fun play.