Bitcoin Online Casino Bonuses and Promotions
While obviously presented in the best possible light for marketing purposes, there is plenty fine print in the terms & conditions sections when it comes to your typical Bitcoin online casino bonuses and promotional offers. Below we present the various types of bonuses available to gamers, all of which can be obtained by sending funds via your Bitcoin.com Wallet.
Deposit Bonus
The deposit bonuses are normally between 50% – 200% of your first deposit and are common ways of attracting players.
Typically, in order to claim these bonuses you will need to play through a certain number of times that bonus amount. For example, in order to claim a FREE US$200 bonus, you might have to gamble 10X or $2000. It's not uncommon for an individual to lose his or her initial deposit enroute to claiming this FREE money. It is also not uncommon to have to play 20X to 30X the amount of your initial deposit.
Keep in mind also that some of these bonuses are in the form of FREE PLAY, meaning you can only bet with the additional money. This isn't necessarily a bad thing as the money can be turned into something much greater for you to withdraw.
Reload Bonus
These are among the best as they encourage retention and loyalty. The same stringent requirements as above are in place and need to be met before withdrawing. A word of warning: If you have an existing balance at a casino and partake in a reload bonus special, it could affect withdrawals of any funds which you already have at the casino (i.e. – your entire balance may become privy to the same terms and conditions).
Free Play Bonus
Some casinos offer a small amount of money deposited in a newly registered account with no deposit necessary. The terms and conditions of this type of bonus are usually even more draconian than that of deposit bonuses, with players, on average, having to turnover their stake 50X before a withdrawal is possible.
Cash Back Rewards
Some casinos offer monthly, or even weekly, cash back program in which up to 10% of all losses are refunded to the player. The convenient aspect of this is that there are generally no strings attached and the money is credited to the player’s account. Reputable online casinos will make that money available for withdrawal instantly.
VIP Programs
An online casino V.I.P program entails some form of point-accruing system based on turnover, similar to frequent flyer miles. More points are earned for games in which the house has a higher edge. Cash back rewards, together with other perks including exclusive offers are up for grabs. These programs can sometimes be reserved for the top 5-10% of players who are the high rollers.
Slot Specific Perks
On occasion, an online casino can offer an enhanced pay-out of a particular pay-line on a designated slot. (i.e. – 150% of the pay-out on 5 of a kind with a certain symbol). This is done to attract player attention to a particular offering. Players should be aware that normally the offer is limited to one rare pay-line outcome only.
Using Bitcoin and Other Cryptocurrencies
The online betting site of your choice will have you send them the special address/token obtained from the Bitcoin wallet or exchange.
You would select either SEND (to deposit funds) or RECEIVE (to withdraw funds).
It is always recommended to use a Bitcoin wallet in order to ensure complete anonymity.
Some exchanges allow one to connect to their bank accounts. The Bitcoin can be converted into the currency of your choice then transferred into your account in as little as 24 hours.
