Anyone looking to place wagers with his Bitcoin should be aware of the incentives that many casinos are giving away. These Bitcoin casino bonuses provide more credit to a player’s bankroll to let them make more wagers.
Bitcoin casinos provide these bonuses in different forms. This includes free spins for qualifying games on the website, together with several other kinds of bonuses.
Deposit match bonuses
The most basic bonus that any Bitcoin players can expect is the deposit match bonuses. As the name suggests, this bonus is exclusive to players who add funds to their account. The bonus amount is usually set between 50 and 100 percent, but this still depends on the casino. There is also the maximum bonus limit that a player can receive.
One example of a deposit match bonus is the welcome package of 100% up to 1 BTC. If a player deposits 0.25 BTC, he receives a bonus of 0.25 BTC. Almost every deposit has a limit like this welcome package. If a player deposits 2 BTC, he will only get 1 BTC bonus because of the limit.
Deposit match bonuses are usually given as welcome packages by the casino just like BitStarz. Some offer it as reload bonuses as a monthly or weekly promotion. Others include it as an incentive in its VIP program.
Casinos will not allow anyone to immediately cash out these bonuses to prevent anyone from manipulating the system. In order to turn any bonuses into actual Bitcoin, players need to wager the bonus and deposit amount a set amount of times. This is usually known as the wagering requirement that casinos set in its bonus terms and conditions.
Some casinos might be generous enough to provide players with free money that anyone can use on the website. This bonus is usually given to a player almost immediately after signing up for a casino or even before registering for an account.
Because anyone can receive this kind of bonus, no-deposit bonuses have a very strict requirement to withdraw it. Some casinos set a very high wagering requirement for this kind of bonuses. Other casinos might have a low maximum withdrawal limit to no-deposit bonuses, while other casinos simply don’t allow such amount to be cashed out.
Bitcoin casinos like Betchain Casino and FortuneJack give away a set number of free spins for one or more slot games. The winnings that a player receives from the spin often have the same terms as deposit match bonuses. Players can cash their winnings by meeting the set wagering requirement. Since only the winnings amount is factored into the wagering requirement and not the deposit amount, players might have an easy time meeting the requirements of free spins winnings than deposit match bonuses.
A cashback promo is a percentage of the wagers loss by a player. To qualify for this promo, players will need to play games that are part of the promo at a specific time. Cashback bonuses may have a low wagering requirement than free spins winning or deposit match bonus.
Other than these, there are monthly promotions as well like the recently launched Jackpot Pirates and Bitcoin bonus promos.