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Crypto casino bonuses are becoming increasingly popular thanks to the onset of crypto gambling. Click here for our comprehensive guide.
Many online casinos accept cryptocurrencies as a payment method (and, as such, offer crypto casino bonuses). Some casinos even have their entire identity based on virtual money (you can always find them through review sites such as onlinecasinobuddy.com). These gaming sites often offer bonuses in the form of crypto tokens. However, if you are not familiar with crypto gaming, you will want to learn how these offers work.
What Types of Crypto Bonuses Are Available?
Crypto online casinos typically offer the exact same bonuses as traditional gaming sites but with a currency twist. Let's observe the deals you can expect when visiting Bitcoin casino sites:
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Free spins
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Deposit bonuses
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No deposit offers
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Live casino promotions
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VIP rewards (often the most lucrative among crypto casino bonuses)
Free Spins
When playing real-money slot machines, you usually risk cash. Additionally, you can play slots with free spins without having to risk your money. Free spins allow you to keep what you win, but you must comply with the terms and conditions before you can withdraw.
Deposit Bonuses
A deposit bonus will reward you with cash when you fund your account. For example, you might get a 100% match offer on your first deposit up to 0.1 BTC. You'll also need to meet the terms and conditions to cash out any winnings.
No Deposit Offers
Numerous crypto casino bonuses require that you make a deposit. A no deposit bonus is different because you don't have to fund your account. Instead, registration is typically enough to receive the bonus funds. You'll usually receive either a cash bonus or free spins.
Live Casino Promotions
Some crypto gambling venues feature live-dealer gaming. These titles refer to real-time casino games, such as blackjack and baccarat, that are streamed from a studio on the ground.
On the one hand, you'll likely be eligible for a deposit or no deposit bonus if you sign up at most online casinos. However, you may also qualify for a free wager at the live casino section in many of these venues. Additionally, if you lose, you can use your free bet to try and win back your losses.
VIP Rewards
Many casinos offer crypto casino bonuses as loyalty rewards. It's not too challenging to find gaming sites with VIP plans. You can get extra rewards or free bets by joining casino rewards programs. For example, players can usually look forward to the following perks at crypto gambling venues:
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More deposit bonuses
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Free spins
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Free bets
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Cashback (trade points to cash)
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Dedicated VIP host
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Higher deposit limits
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Higher betting limits
How Crypto Casino Bonuses Work
You are likely to be familiar with dealing with bonuses if you have played online casino games before. Crypto bonuses work slightly differently, and currency conversions are the primary difference. Consequently, it is critical to understand the differences between crypto and fiat amounts. Fiat is a standard currency like the U.S. dollar, euro, British pound, etc. Therefore, fiat bonuses have been the primary choice among online gamblers for more than two decades.
Bitcoin & MiliBitcoin
When looking into crypto casino bonuses, consider that mBTC is a lower-denominated currency for Bitcoin transactions in online gambling venues. Because it is closest to a dollar/euro/pound, most online casinos use it instead of the standard BTC.
At the time of writing, an mBTC's value is $29.54, while Bitcoin's current price is $29,436.90. This amount fluctuates due to Bitcoin's volatile prices. In other words, an mBTC can be worth $29.54 today but could just as quickly be worth $15 or $25 tomorrow. Monitoring your bankroll requires having an idea of Bitcoin's current price at all times.
How to Get Bitcoin Bonuses
There are countless crypto casino bonuses available online, and below, you'll find the steps you need to take to claim them.
Step 1: Buy Cryptocurrency
If you don't own any cryptocurrency, you cannot play in a crypto casino. So, if you don't have any crypto, then the first step is to get some. There are numerous places to buy crypto tokens, but not all cryptocurrency exchanges allow fiat. You will need to find a site that accepts fiat-to-crypto trade.
Step 2: Obtain a Casino Wallet Address
After purchasing your assets, you must send your crypto coins to your casino of choice. You can do this by visiting the banking section of the relevant gaming site. To generate a wallet address, select the option of your chosen cryptocurrency, and this address will be used in the next step.
Step 3: Send Funds To The Address
When looking into crypto casino bonuses, most beginners struggle with this step. However, the process is straightforward and shouldn't take much getting used to. Once you have your casino wallet address, you can return to the exchange where you purchased your cryptocurrency. You will need to select the "Send" option at the exchange and enter the recipient's address (your casino wallet address).
Next, input the amount you wish to deposit and confirm your transaction. While it shouldn't take more than a few days at most for the funds to arrive, most transactions usually take place within minutes. However, if your chosen cryptocurrency is Bitcoin, remember that the amount you pay towards the mining fee and the congestion of the Bitcoin network will affect the wait time.
Accepting the Terms and Conditions
You must meet all terms and conditions to cash out your crypto casino bonuses. The terms and conditions usually vary from one site to another, but here are some of the most common ones:
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Playthrough. You must rollover the bonus or bonus + deposit funds several times
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Limitation of the time for playthrough. Most casinos give you between 30 and 90 days to complete the playthrough requirements
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Game restrictions. Some games have higher RTPs than others
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Maximum bet. When earning bonuses, you cannot exceed the maximum bet
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Country restrictions. Some countries are not eligible for bonuses due to abuse
Crypto Casino Offers Vs. Traditional Casino Promotions
Most crypto casino offers are the same as those at traditional gaming sites. They provide the same types of bonuses as regular online gambling establishments and have similar terms and conditions. In other words, the currency is what makes the difference between fiat and crypto bonus offers.
On the one hand, fiat online casinos show everything in traditional currencies like the Euro or Dollar. On the other hand, crypto gaming sites offer bonuses in various eligible cryptocurrencies amounts. As mentioned above, these bonuses are typically available in mBTC, which is the primary unit when looking into crypto casino bonuses.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.