Casinos are always looking for ways to make their games more attractive to players. One way they do this is by offering casino incentives such as free spins and match bonuses. To give new members a warm welcome and keep them coming back for more, casinos provide a wide range of bonuses.
A recent trend among casino players is to redeem Bitcoin bonuses whenever the opportunity arises. A Bitcoin bonus is a type of casino incentive that rewards players with a certain amount of Bitcoin, the digital currency, allowing them to earn bonus funds and either withdraw their winnings or use them for future crypto gambling.
This cryptocurrency is continually being adopted across various industries, making these sectors more attractive to a wider 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, giving players a chance to earn money beyond the usual gaming experience.
If you are still placing your casino wagers with fiat currencies, we will outline 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 cover all pros and cons of using the cryptocurrency for online gambling.
Reasons Why Casino Players Prefer Bitcoin Bonuses
As bonuses provide casino players with extra funds to play with, many enjoy claiming the promotions offered by casinos. Naturally, the more generous an offer is, the more players will be tempted to claim it. That is precisely the case with many Bitcoin incentives offered by online casinos.
One of the main reasons why casino players choose to handle their payments in Bitcoin is the variety of bountiful bonuses available. Even though you can redeem decent bonuses when using regular payment options, in most cases Bitcoin bonuses will give you more for your deposits at a virtual casino.
While each casino may offer its members different 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 coin has surged suddenly, it has also affected the bonus incentives of interactive casinos. While some virtual casinos have adjusted their Bitcoin promotions to reflect the higher price of Bitcoin and are offering much more reasonable amounts, others have decided to keep their offers as they are, giving players the chance to claim several thousand pounds.
It should be noted that, despite Bitcoin bonuses offering extremely high maximum amounts, it is still difficult for any player to redeem the maximum. This is because players are required to deposit a substantial sum in order to enjoy such a generous 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 such huge amounts without making a 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 receive the equivalent of about £100.
Often, such a bonus represents about ten times the regular no-deposit bonus you can redeem when using fiat currencies. As this is an unusually large sum for this type of incentive, it is no surprise that No Deposit Bitcoin bonuses are not that common at online casinos.
In most cases, you will be invited to redeem a Bitcoin bonus after you have deposited a certain amount into your casino account. That said, when you join a virtual casino as a new member, look for a Bitcoin no-deposit offer, as you may be able to claim a very generous incentive.
Do Not Forget to Read Bonus Terms and Conditions
Like any other type of casino promotion, a Bitcoin bonus typically comes with its specific terms and conditions. You will need to familiarise yourself with the requirements you must meet to claim the bonus, use it on casino games, and then withdraw 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 out 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 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 sum. Of course, as you will be redeeming a Bitcoin bonus, your deposit must be made in Bitcoin. Some virtual casinos, however, may allow you to use fiat currencies to fund your casino account and then convert the amount into Bitcoin.
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 operate in several different jurisdictions, they may not be allowed to offer Bitcoin bonuses 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 when 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 most probably be some restrictions on the games you can play with bonus funds to complete the wagering requirements. You should also check whether there is a maximum bet 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 just a few days to decide and redeem it. 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 conditions 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 abide 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 face.
One of the main reasons why many prefer using Bitcoin for their casino payments is the privacy this method offers. 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 show 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 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 that you can legally play on the site 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 fund your casino account and redeem your Bitcoin bonus, you must first buy some Bitcoin. To do that, you need to head to an exchange where you will be able to use any fiat currency to purchase Bitcoin. Then, you can create a Bitcoin wallet, if you do not have one already, and transfer your coins to the wallet. Once you are set, go to the virtual casino and open the Deposit section of your account to fund your profile using Bitcoin.
Follow the Steps for Redeeming the Bonus
Once you have purchased Bitcoin 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 make a deposit. 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 redeem your Bitcoin bonus easily and start playing your favourite casino games.
Conclusion
As cryptocurrencies are increasingly being implemented 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 larger bonus amount that such promotions can offer. Playing with a huge bonus can lead to 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 find trustworthy online casinos that will offer you generous Bitcoin promotions. Just keep in mind that you should always read the terms and conditions of every offer carefully before you redeem it.
