Not offering a welcome can be termed as a business blunder for an online casino. Why? Because they are likely to miss out on a lot of potential customers. It has become a norm to welcome a new user with an attractive deal, and online casino players are now used to it. A term used by bitcoin casinos to describe their welcome bonus can differ. It can be a new player bonus, sign up bonus, first deposit bonus, etc. Like the name, the range also varies from one online casino to another.
The industry norm is 100% of your first deposit, provided the minimum deposit required is fulfilled. It can be as low as 50% of your first deposit or as high as 500%. We strongly advise always to check the conditions attached to the welcome bonus. They often come with wagering requirements and other restrictions: the bigger the bonus, the stricter the terms. Don’t be caught surprised, make sure you read all the small prints of any reward.
Online casinos understand that most of the new players need a push to break their resistance and play. Free spins are one of the incentives that are becoming popular in the gambling industry. It goes by other names such as extra spins, bonus spins, welcome spins, cash spins, wager-free spins, and so on. Free spins bonus is not only for the new players, but bitcoin casinos also give the free spin bonus to old customers as loyalty rewards or seasonal promotion. Don’t be deceived by the word ‘free.’ Though the plays are entirely free, they may come with the way requirements that stipulate the number of times to roll over the bonus. Take your time to check other conditions such as the minimum and maximum cash out limit. In some bitcoin casinos, free spins are added to welcome bonuses to make the deal sweeter. One of the reviewed bitcoin casinos, FortuneJack, offers a 25 no deposit free spin before another massive 250 free spins with a welcome bonus of up to 1.5 BTC.
No Deposit Bonus
No deposit bonus is another incentive targeted at the new users. As the name suggests, it is a bonus that you get without making any commitment to the Bitcoin casino. You are only required to register an account. Some bitcoin casinos demand you to verify your phone numbers or other details before you can enjoy this bonus.
The type of bonus that you get under this category depends on the bitcoin casino. It can be a small amount of cash to play bet with, free spins, and others. No deposit bonuses many times come with wagering requirements before you can request for a withdrawal. Most times, you are not allowed to withdraw the bonus. You can withdraw your winnings once you fulfill the wagering requirements. The bonus may also be limited to certain types of games. Whichever way you look at it, no deposit bonuses are sweet deals that let you play games free and make a killing with no risk.
It makes it essential to have a strategy of limiting your losses. Well, you don’t need to worry your head about strategy. Several bitcoin casinos have cashback bonuses that help you to reduce your losses. Bitcoin casino with cashback bonus returns a certain percentage of your losses into your betting account. While the idea of cashback straight forward, online casinos have their own set of rules regarding this bonus. So before you place a bet and start hoping for a refund on your lost bets, we advise that you check the small print under this promotion on your bitcoin casino website. Some online casinos schedule the time they pay you a refund on your losses. It can be daily, weekly, or monthly. If you are a mild to a heavy bettor, you may want to choose a bitcoin casino that offers between daily or weekly cashback. Also, check the wagering requirement attached to the cashback bonus and other conditions like required wager amount, expected number of games or odds, especially in sports betting, the number of games lost, etc. All in all, it always feels good to get back some of that lost money.
The deposit bonus is a staple incentive in the gambling industry, a reward for funding your betting account. It is often a certain percentage of your deposit. The size of this reward depends on the generosity of the Bitcoin casino. Some Bitcoin casinos attached this reward to their VIP program, which means the higher you go in the VIP ranking, the more deposit bonus you earn. Some bitcoin casinos reward you every time you make a deposit, while others make it a one-time bonus or for the first few deposits. With extra free cash in your account to play with, your chances of winning increase considerably. Like other bonuses of its kind, it comes with a rollover requirement and sometimes minimum deposit, and game eligibility condition.
VIP Program and Rewards
Bitcoin casinos employed the VIP scheme and ranking as a reward for continuously depositing and wagering on their websites. It keeps you motivated to maintain and ensure your continuous loyalty. The loyalty scheme is often planned as a hierarchical system, where every bet and deposit earns you loyalty points. You’re motivated to earn more points to unlock the next rank or level. Each level has more rewards in the form of better or higher perks and rewards than the previous level. The detailed information of what an online casino packed in each of its loyalty rankings will be found on its promotion page. Besides general promotions and offers, some other perks that come with a high VIP ranking can include a lower withdrawal limit, your personal account manager, special gifts during the festive seasons and your birthday, fast withdrawal processing, etc.
Bitcoin Faucet Reward
Bitcoin faucet is a bit different from other types of promotions already discussed. It is more reliable, less or no risk, but lower returns than wagering on casino games or sports bets. Bitcoin faucet is as fun as wagering bets on casino games and also a smart way of generating extra bitcoin for wagering. All you are required to earn ‘free money’ from the bitcoin faucet is to complete the daily tasks assigned to you. Typically, the tasks are as simple as answering a few questions or surveys. The rewards in Santoshi are deposited into your bitcoin address on completion of the tasks. The faucet is popular among crypto enthusiasts, through which several bitcoin enthusiasts got acquainted with bitcoin and how it works, earning few Santoshi here and there. Like no deposit bonus, it is another way to make some free money from bitcoin. Our review consists of a good number of Bitcoin casinos with faucet systems that provide long term value and steady ‘free’ money.