Casinos are always looking for ways to make their games more attractive to players. One way they are doing this is by offering casino incentives like free spins and match bonuses. To show new members a warm welcome and keep them coming for more, casinos offer a wide range of different bonuses.
A recent trend among casino players is to redeem Bitcoin bonuses if they have the opportunity to make use of such. A Bitcoin bonus is a type of casino incentive that rewards players with a certain amount of Bitcoins, the digital currency, allowing players to earn bonus funds and either withdraw their winnings or use them for future crypto gambling.
The said cryptocurrency is constantly being implemented in various industries, making them more attractive to a wider target audience. One sector that has also decided to implement Bitcoin within its operations is gambling. With numerous casino players being allowed to use Bitcoin as their casino currency, there are also numerous Bitcoin bonuses one could redeem. Often Bitcoin promotions are more generous than other types of bonuses, offering players a chance at earning money outside of the usual gaming experience.
If you are still making your casino wagers using fiat currencies, we will cover several reasons why you might want to consider switching to Bitcoin. Of course, there are also a few downsides to redeeming Bitcoin bonuses so we will make sure to cover all pros and cons of using the cryptocurrency for online gambling.
Reasons Why Casino Players Prefer Bitcoin Bonuses
As bonuses allow casino players extra funds to play with, many enjoy redeeming the promotions casinos are offering them. Naturally, the more generous a casino offer is, the more players will be tempted to redeem it. That is exactly the case with many Bitcoin incentives offered by online casinos.
One of the main reasons why casino players are choosing to handle their payments in Bitcoins is the variety of bountiful bonuses they will be offered. Even though you can redeem decent bonuses while using regular payment options, in most cases, Bitcoin bonuses will offer you more for your deposits at a virtual casino.
While each casino may offer their members various Bitcoin bonuses, some virtual casinos have crypto incentives that award up to 2 BTC. At the time of writing this post, 2 BTC equals more than £38,000. This is rarely a sum you will be offered when redeeming any of the regular casino offers. As Bitcoin bonuses have the potential to be extremely generous, it is no surprise that many players have chosen to switch to crypto casino gambling.
There is a simple explanation for the high amounts offered by Bitcoin casino bonuses. As the price of the crypto coin has surged all of the sudden, it also affected the bonus incentives of interactive casinos. While some virtual casinos have adjusted their Bitcoin promotions to fit the high price of Bitcoin and are offering much more reasonable amounts, others have decided to keep their offers as they are, offering players several thousand pounds.
It should be noted that despite Bitcoin bonuses offering extremely high maximum bonus amounts, it is still difficult for any casino player to redeem the maximum amount. The reason for that is the high amount players are required to deposit to be able to enjoy such a generous casino bonus.
No Deposit Bitcoin Bonuses
In addition to awarding very generous Bitcoin match bonuses, some virtual casinos also offer No Deposit Bitcoin deals. While you cannot redeem the same huge amounts without making any deposit, No Deposit Bitcoin bonuses can still be more lucrative than other No Deposit offers. In some cases, upon registering with a virtual casino, you may enjoy the equivalent of about £100.
Often, such a bonus amount represents about 10x the regular No Deposit bonus you can redeem when using fiat currencies. As this is an unusually large sum for this type of casino incentive, it is no surprise that No Deposit Bitcoin bonuses are not that common at online casinos.
In most cases, you will be offered to redeem a Bitcoin bonus after you have uploaded a certain amount into your casino account. That said, when you join a virtual casino as a new member, do look for a Bitcoin No Deposit offer as you may be able to redeem a very generous incentive.
Do Not Forget to Read Bonus Terms and Conditions
Like any other type of casino promotion, a Bitcoin bonus would typically come with its specific terms and conditions. You will need to get familiar with the requirements you need to meet to claim the bonus, use it on casino games and then enjoy your winnings. If you are not sure about some bonus conditions, make sure to contact the customer support team of the casino to verify that you can indeed make use of this type of incentive.
There are a few key points to look for when you are considering redeeming a Bitcoin bonus:
Qualification Requirements
No matter how tempting an offer may sound, you need to be certain that you can actually make use of it. In most cases, the Bitcoin bonuses offered by online casinos are types of incentives that will match your deposit with a bonus equal to a certain percentage of the deposited sum. You need to check the minimum amount you are required to deposit to be able to redeem the offer.
If you wish to claim the highest bonus amount, you will need to deposit the highest accepted amount. Of course, as you will be redeeming a Bitcoin bonus, your deposit must be done in Bitcoins. Some virtual casinos, however, may allow you to use fiat currencies to fund your casino account and then convert the amount into Bitcoins.
Your country of residence might also be one of the conditions you need to meet to be eligible for a Bitcoin bonus. As some casinos tend to operate in several different jurisdictions, they may not be allowed to offer Bitcoin offers to all of their patrons. Make sure that your country of residence is not among the excluded territories to confirm you can redeem such an offer.
Additional Redeeming Requirements
In addition to the qualifying minimum deposit, you might be asked to complete a few other steps to redeem your Bitcoin bonus. These may include entering a specific bonus code upon making a deposit or going to your account to redeem the offer from the Promotions section of your profile.
Playthrough Requirements
Whether you claim a match Bitcoin bonus or a No Deposit bonus, you will most likely be asked to complete certain wagering requirements before you are allowed to withdraw your bonus winnings. For instance, you may redeem a bonus of 0.2 BTC, with the wagering requirements being 40x the bonus amount. That means you will be able to request a withdrawal of your winnings only after you have wagered 8 BTC.
You must be careful when checking whether wagering requirements apply only to the bonus amount or to the sum of your qualifying deposit and the bonus you have received. There will be most probably some restrictions on the games you can play with bonus funds to complete the wagering requirements. You should also check if there is a bet maximum you should not exceed while you are meeting wagering requirements. We advise you to be extra careful when checking wagering bonus conditions.
Expiration Period
You may have a specific time slot during which you can redeem the Bitcoin bonus. If the offer is available only to newly registered players, you may have only a few days to decide and redeem the offer. Once that period passes, you will not be able to claim the bonus. There will also be an expiration period for the bonus itself, giving you some time during which you should use the bonus and complete the wagering requirements. If you are not able to complete the wagering condition within the given expiration period, all bonus funds will be forfeited.
The Issue With Crypto Gambling
Since Bitcoin casinos provide a completely different gambling experience, casino operators that wish to offer their members payment via Bitcoin must by certain rules imposed by their respective licensors. Despite the numerous advantages of using cryptocurrency to fund your online gambling, players are advised to be careful when playing at Bitcoin casinos as there are potential risks they may be exposed to.
One of the main reasons why many prefer using Bitcoin for their casino payments is the privacy this method is offering. That said, privacy does not mean anonymity as many virtual casinos will ask their patrons to go through a know-your-customer (KYC) verification process and certain anti-money laundering (AML) procedures.
Another reason why some gambling regulators are on the fence about licensing Bitcoin casinos is the lack of protection for vulnerable players. Even if players are showing some signs of problem gambling behaviour, crypto casinos can rarely spot such patterns or offer any tools to prevent compulsive gambling. While you can make use of a self-exclusion tool when you have been using other payment solutions to fund your balance, crypto players can often return to their gambling habits even if they self-exclude themselves multiple times.
The reason why self-exclusion does not work for crypto users is that crypto casinos rarely offer the same addiction prevention measures that other gaming sites do. As many players are allowed to open new accounts and continue to play using cryptocurrencies, there is no real control over one’s gambling behaviour.
Steps to Go Through Before Redeeming a Bitcoin Bonus
Let us assume you have decided to enjoy a different gambling experience and redeem a Bitcoin casino bonus. As we mentioned earlier, this could be a great decision as Bitcoin bonuses can be extremely rewarding. There are, however, several steps to consider before you start your gambling adventures with a Bitcoin bonus.
Choose a Licensed and Reputable Casino
The first thing to consider is the gaming website where you will enjoy a Bitcoin gaming experience. You should make sure that the virtual casino has been licensed by a reputable authority and you can legally play on the websites and redeem the promotions it offers. Playing at a reputable interactive casino will ensure that you can feel safe while playing your favourite casino games with a Bitcoin bonus.
Buy Bitcoins to Fund Your Account
In order to be able to fund your casino account and redeem your Bitcoin bonus, you must be prepared by buying some Bitcoins. To do that, you need to head to an exchange where you will be able to use any fiat currency and purchase Bitcoins. Then, you can create a Bitcoin wallet, if you do not have one already, and transfer your crypto coins to the wallet. Once you are set, you can head to the virtual casino and head to the Deposit section of your account to fund your profile using Bitcoin.
Follow the Steps for Redeeming the Bonus
Once you have purchased Bitcoins and you are ready to redeem a Bitcoin bonus, you should make sure that you follow the steps required by the casino. You might need to use a specific promo code to redeem the bonus when you deposit into your account. Meanwhile, other virtual casinos might ask you to head to your account and claim the bonus from the section dedicated to promotions. As long as you follow the steps listed by the casino, you will be able to easily redeem your Bitcoin bonus and start playing your favourite casino games.
Conclusion
As cryptocurrencies are taking over the world and are implemented more and more into our daily lives, it comes as no surprise that Bitcoin casinos have also become a trend among gambling fans. To keep all players engaged and interested in returning to the same casino, gaming operators started offering Bitcoin bonuses to crypto users.
When comparing different casino incentives, many players prefer to opt for Bitcoin bonuses. The main reason for that is the bigger bonus amount that such promotions can offer. Playing with a huge bonus can indicate even bigger winnings, making one’s ultimate casino experience very rewarding.
While crypto casinos can offer a great gaming experience, they still cannot offer the same level of security that regular casinos do. That is why it may be difficult to come across a licensed and reliable casino that supports Bitcoin payments and offers bonuses for crypto users. Nevertheless, if you are careful with your research, you can still come across trustworthy online casinos that will offer you generous Bitcoin promotions. Just keep in mind that you should always read carefully the terms and conditions of every offer before you redeem it.
