Maximizing Your Profits: How to Choose the Right Crypto Casino Bonus
Cryptocurrency casinos are known for their generous bonus offers. This is one of many features they provide to the players that are superior to fiat currency. Many players choose which casino to use based on how good the bonuses are.
Bonuses come in many forms and it’s not always enough to focus on the amount you’re getting. Instead, players should carefully compare the wagering requirement and other small print conditions that are attached to bonuses. That way they know what they are getting into before choosing a cryptocurrency casino to use.
The first thing to look for in a casino bonus is the actual amount you’re getting. This is the simplest metric and it makes it easy to figure out which casino provides a better offer. When the bonuses are made in crypto this becomes somewhat more complicated as the value of a cryptocurrency is dependent on market forces.
It’s also important to note that when bonuses are attached to the wagering requirement, a player can’t simply spend the whole amount they got in a bonus. Instead, it’s required to wager a certain amount before being able to withdraw the bonus.
Matching the Deposit
Matching the deposit is one of the most common bonuses out there. The casino matches the amount that you deposit into your casino account. These are considered to be somewhat less generous as the players are required to make the deposit before getting the bonus.
Most cryptocurrency casinos have a limit as to how much you can get from this sort of bonus. It’s still possible to add more to the account but it won’t get matched. The limits differ from one casino to another and they are also attached to wagering requirements.
Wagering requirements are the conditions that the crypto casinos put on using the bonus. It’s the amount that the player needs to bet on their own before they can withdraw the bonus. For instance, if a wagering requirement is 100 percent of the bonus, the player needs to win twice the amount they got before they can withdraw it.
There are casino bonuses with much higher wagering requirements than that. In those cases, the bonus isn’t worth what it seems, as it’s rather difficult to actually withdraw the funds you’ve got.
Some bonuses are specific to betting sites that deal in crypto. These usually come in the form of a direct deposit to the player’s account. Bonuses such as these usually aren’t that large, but they are free money that can later be used for trading just as any other cryptocurrency. The bonus is more common with casinos that use smaller and less popular cryptocurrencies, but it’s also available with some that allow Bitcoin payments.
Crypto bonuses work the same as any other bonus, in terms of the wagering requirements that the players need to meet in order to withdraw them.
What Casinos Offer the Best Bonuses?
There’s no simple answer as to which casino is best when it comes to bonuses since every player needs to decide for themselves what offer suits their needs. You can find a setup including this comprehensive list of Bitcoin casinos and the bonuses they offer for you to compare and choose from:
Cloudbet Casino is one of the most popular and well-reviewed cryptocurrency casinos. It has a rather generous bonus policy but one that requires the player to deposit the initial .01 BTC in order to qualify for it. The bonuses are earned based on the loyalty points that players earn every time they play casino games or bet on sports.
The bonuses are paid in the same currency that the player has deposited and the casino always expands the list of currencies it allows. The bonus is .01 BTC for every 800 loyalty points and the maximum amount is 5 BTC.
BitCasino is a very popular and widely used cryptocurrency casino. It’s usually reviewed and rated as one of the best in the business. That’s why it’s so unusual that it doesn’t offer any welcome bonus for new players.
Instead, BitCasino provides a monthly bonus for active players that comes in the form of a lottery allowing the players to apply and randomly get a deposit of varying sizes. It’s a unique approach to bonuses and some players seem to enjoy it.
7Bit Casino offers all the popular games and features a crypto casino should offer, but it’s somewhat unclear about being able to bet without providing your ID. It offers a welcome pack for new players. It consists of the initial welcome bonus and the deposit math for the first four deposits the player makes.
- First Deposit: 100% bonus up to $100 or 1.5 BTC, and 100 free spins
- Second Deposit: 50% bonus up to $100 with the deposit bonus code provided
- Third Deposit: 50% bonus up to $200 with provided bonus code
- Fourth Deposit: 100% bonus up to $100 with the provided bonus code
The minimum deposit to qualify for the welcome bonus is 0.00044 BTC or $20.
BC Game is a cryptocurrency casino that boasts you can bet with almost any altcoin and exchange it for Bitcoin, Ethereum, and DOGE coins. It’s also known as one of the rare casinos that displays the house edge for every game. BC Game has a somewhat strange bonus policy as it sometimes offers a welcome bonus and sometimes it doesn’t.
The terms of the bonus offers also differ depending on when you’re able to get them and if you’re lucky enough to do so.
Thunderpick is a cryptocurrency casino known for its diverse offer of games and betting options. It offers traditional games, many different betting odds, and over 2000 different slots. There are also some exotic bets such as fair spin dials and virtual plane launches.
The bonuses come in the form of daily, weekly, and monthly payouts and gift cards as well as a welcome bonus that matches your initial deposit. The maximum amount for the bonus is 200 Euro so your maximum first deposit should be no more than 10,000 Euros equivalent.
Wildcoins is a cryptocurrency casino with a wide selection of games, a good customer support system, and also one that's known for its generous initial bonus. It offers a Welcome Package Bonus of up to 3.5 BTC ($180,000) + 400 Free Spins.
A bonus is paid out after the first 3 deposits. The first deposit comes with a 100% match-up to a maximum of 1 BTC. The second deposit gets you a 50% match up to a maximum of 1.25 BTC along with 50 free spins on Wild Spin. And the third deposit features a 75% match up to 1.25 BTC.
To Sum Up
Cryptocurrency casinos provide a variety of different bonuses as promotional tools for new and loyal players. These bonuses aren’t free money, since they come with a lot of fine print on how to use and withdraw them. The main goal for the casino is to use the bonus to entice the player to keep adding their funds to the casino account.
However, if the players familiarize themselves with the terms and conditions of the bonuses, they can become a valuable tool for trying out new casinos and betting with less risk.