Bonuses have become one of the defining differences between playing in online casinos and land-based casinos. With the competition becoming tighter and the gambling industry shifting towards digital and mobile casino gaming, there is little surprise as to why most online operators offer a variety of perks to draw players in to their platforms, and Bitcoin casinos are no exception.
Bitcoin casinos offer the same (sometimes even better) level of perks you’d expect from any online operator. Be it loyalty rewards, a welcome package, or exclusive promo codes, there’s much to be found in today’s Bitcoin operators when it comes to bonuses and rewards.
However, if you’re new to Bitcoin casinos and online casino games in general, there is a certain ground you must cover before signing up for your first offer. To help you with this, we’ve prepared an in-depth guide into the types of Bitcoin bonuses offered online, what to look out for, and how to make sure you successfully cash out once you claim an offer.
Types of Bitcoin Casino Bonuses
The types of bonuses offered in most Bitcoin casinos is almost identical to what can be found in regular online casinos that work exclusively with fiat money (regular money). Depending on the operator, you may find one or more of the following types of bonuses when you sign-up:
The welcome bonus is the “standard” across nearly every Bitcoin casino. The welcome bonus can be either one bonus given upon sign-up, or a package of several bonuses tied to one another. The most common type of welcome bonus is a matching deposit bonus, but there are also offers that give a matching bonus + free spins or other perks.
By matching bonuses, casinos usually mean that they will match the amount of your deposit by a certain percentage of that money given as a bonus. So, for example, if you deposit 0.5 mBTC for a 100% matching bonus, you’ll end up with a total of 1 BTC (0.5mBTC deposit + 0.5 mBTC bonus). While if you deposit 0.5 mBTC for a 150% matching bonus, you’ll end up with 1.25 BTC, and so on.
Depending on the offer, you might also receive free spins on top of that bonus money, or a second deposit bonus after you accept the first. Of course, each offer will come with terms and conditions attached, of which you can read more about in the sections below.
The deposit bonus is exactly what the words imply, a bonus you’ll receive when you make a deposit. Apart from the welcome bonus, which is nearly always a deposit bonus, the following are the other types of deposit bonuses you can receive:
Casinos often give away weekly, daily, or weekend reload bonuses as a way to stimulate you to keep playing once you move past the welcome offer. A reload bonus is basically a matching bonus, just like your welcome package, but it is usually given in a lower amount. Depending on the casino, you might be eligible to claim a reload bonus once/twice per week, or even every day of the week.
VIP Bitcoin Bonuses
Unlike regular reload bonuses, VIP/loyalty bonuses are only handed out exclusively to players who earn a higher rank and they often come with better terms and conditions or in higher amounts. To earn the right to claim such offers, you’ll have to spend money more often, i.e. become a regular at the casino.
High Roller Bonuses
If you’re planning to spend larger sums of money at a Bitcoin casino, you might also want to consider joining a casino that offers high-roller bonuses. A high-roller bonus can be given as a welcome package or as a reload bonus and is usually a much higher bonus than your standard offer. Naturally, it also comes with more loyalty points (if there are any) and bigger responsibilities (terms and conditions).
Cash backs are bonuses that the casino gives away in the form of a certain percentage of what you’ve already spent at the casino. Cash backs are usually given for wagers spent on card games and roulette, and they come in two types. The first is a bonus based on money you’ve lost at the tables, while the second is a bonus based on the money you’ve won. What type of offer you’ll be able to claim will depend on the operator itself.
No Deposit Bonuses
Apart from deposit bonuses, you’ll also be able to find no deposit bonuses at Bitcoin casinos, which are the opposite of deposit offers as they don’t require any deposits to be made prior to claiming. Understandably, no deposit bonuses will be smaller in size than deposit offers. However, they are not exactly “free”, as they require of you to wager some real money before you can withdraw your winnings.
No Deposit Bonuses are usually given away in the form of free spins you can spend on a certain slot game, or “free money”. Most often they are awarded when you register an account, but there are also casinos that give them away to already registered players.
Claiming a Bitcoin Bonus Offer – What to Keep in Mind
When you accept a bonus at your Bitcoin casino, keep in mind that you’ll also be accepting a certain set of terms and conditions that state exactly what you have to do before you are allowed to withdraw winnings made with your bonus money. This is a standard practice across nearly all Bitcoin casinos, so make sure you understand it well.
Wagering requirements, or playthrough requirements, is the most common term attached to bonus offers. Basically, your wagering requirements state how many times you have to wager your bonus + deposit money, before you can withdraw any winnings made with that money.
So, for example, if you deposit 1BTC on a 100% matching bonus with 25x wagering requirements, you’ll have to wager 25 times your bonus + deposit amount to meet the terms. This means you’ll have to wager 50 BTC (1BTC deposit + 1BTC bonus = 2 BTC x 25 = 50). So, keep this in mind the next time you’re browsing for bonuses.
Some casinos also state exactly which games you have to play to meet your bonus terms. Some games that are too advantageous, like Blackjack, for example, may be excluded entirely or given a smaller wagering contribution to counteract the advantage.
By game contribution, operators mean what percentage of your wagers contributes to meeting your bonus terms. To put things simply, if you want to play, let’s say, Poker and you see that it has a contribution rate of 20%, this means that for every 10 BTC you spend on poker, only 2 BTC will be considered towards meeting your bonus terms, and so on. In most cases, the only games that have a 100% contribution are Bitcoin slots.
Apart from the wagering requirements and the game restrictions, casinos also limit the time by which you have to meet your bonus terms and sometimes even the maximum amount you’re allowed to win.
Time limitations can apply to both deposit and no deposit bonuses and they state exactly how much time you are given to use the bonus money or meet your wagering terms before your bonus will be deemed void. On the other hand, putting a cap on the maximum you can win is normally done when you claim a no deposit bonus offer, although it can be applied to deposit bonuses as well.
No, you can’t. Casinos usually limit their welcome bonuses to one per account (IP address, e-mail, etc). But in most cases, you won’t need to because you’ll find other bonuses to claim.E
If you don’t meet your bonus terms, your bonus money will be frozen and considered void, usually along with any winnings made with it. The exact way this is done will depend on the casino itself.
Normally, you will be given a wagering/playthrough counter in your account dashboard that tells you how much of your bonus money you’ve wagered and how much more you have until you complete the terms.