Bitcoin casinos are constantly thinking of innovating ways to attract more players to their sites. The best strategy to do that is through interesting bonuses and exciting offers. Casino players want to be treated fairly. It is therefore crucial that the offered bonuses are achievable and suitable to the clientele. Every casino is trying to offer something unique to be able to stand out and be different from the rest. These bonuses come in different shapes and sizes, with different strings attached.
Players love a little bit of extra incentive and they are always on the lookout for something new. Bitcoin Casinos are glad to offer these promotions to keep their players animated. A bigger balance on their accounts will keep players happy and engaged. Players will gladly welcome the opportunity to improve their winnings. Casino bonuses have become an important detail they pay attention to when they pick their new Bitcoin casino or decide whether or not to remain faithful to the one they are currently using.
Important Things to Consider
There are a few things to keep in mind when we are talking about Bitcoin casino bonuses. These offers should not be mistaken with random giveaways. Each Bitcoin casino has its own set of rules and Bonus Terms and Conditions that need to be honored. Before taking part in any bonuses, the player needs to make sure he has read the Terms & Conditions, and that he understands all necessary requirements and limitations.
The Most Popular Bitcoin Casino Bonuses
Here are the 5 most popular types of Bitcoin Casino Bonuses. Most brands use a combination of or all of the below freebies.
- Deposit Bonuses or Match Bonuses
- No Deposit Bonuses
- Free Spins
- Cashbacks
- Faucet Bonuses
Deposit Bonus
A Deposit Bonus is the most popular type of present that Bitcoin casinos offer their players. It is also called a Match Bonus because the casino matches/equals a deposit the user makes, up to a certain amount.
Deposit Bonuses are usually backed with a percentage, for example, a 50% Deposit Bonus. If a player deposits 1 BTC, the casino will boost his balance with an additional gift of 0.5 BTC. The player now has a total of 1.5 BTC.
Deposit Bonuses are usually limited up to a certain value. For example, a 100% Deposit Bonus up to €100. When a player makes a deposit in that range, the casino will match his credit 100%. The player’s balance now reads €200.
This type of bonus is by some Bitcoin casinos described as 1st, 2nd, 3rd Deposit Bonus because the platforms offer different bonus values, depending on which deposit it is. Bitcoin Casinos normally offer Deposit Bonuses of 100% - 200%, with the maximum amounts ranging from 0.5 BTC – 2 BTC.
Pros
- Free money that can be turned into bigger winnings
- Play more casino games for free
- Can be received with several deposits
Cons
- Wagering requirements apply
- Withdrawal limits
- Time limits
The Winz.io gaming platform offers its users a Slot Bonus, up to 6 BTC!
There is a 100% 1st Deposit Bonus, up to 1 BTC or €100.
A 50% 2nd Deposit Bonus up to 2 BTC or €200.
And a 50% 3rd Deposit Bonus up to 3 BTC or €300.
Deposit Bonuses always have an attached wagering requirement. The total amount needs to be wagered X amount of times before it becomes available for withdrawals. Most online platforms have a 35-50 times wagering requirement. Winz.io only has a 30x rollover, the lowest in the industry.
No Deposit Bonus
Certain brands promote their casinos by offering a No Deposit Bonus to new players. Players can try their luck without having to invest their own money. This type of bonus is often accompanied by high wagering requirements and a maximum withdrawal limit.
The offered bonuses are generally in the €5 - €15 range. The max. withdrawal limits differ and can be anywhere between €15 and €100.
Pros
- Free money for casino games
- Great way to test a new platform
Cons
- Short validity
- Limited to particular games
- Winnings are often accompanied with wagering requirements
Free Spins
Free Spins are bonuses that are usually linked and offered together with the previously mentioned (No) Deposit Bonuses. They come in packs and are often attached to certain slot games only. They are a great way for players to test a brand-new slot game or one of the all-time favorites.
Pros
- Possibility to win additional prizes
- Testing ground for new Slot games
Cons
- Small selection of Slots
- Restricted betting amounts
Free Spins sometimes have a short expiry date and they need to be used within a few days. Well-known casino brands offer between 150-250 Free Spins. Winz.io offers up to 300 Free Spins for their Slot games.
Cashbacks
An excellent way for users to reclaim some of their lost wagers is through a Cashback Bonus. Cashbacks are allocated in certain percentages that vary depending on the casino. It is a percentage of the funds you have lost while betting at the platform.
Pros
- Partial money refund
- No/minimum wagering requirements
Cons
- Cashbacks are sometimes only paid out for losing bets
- Not all games qualify for Cashbacks
- Cashback percentages can be different for VIP and non-VIP players
The Cashback amounts can range from 0.5 - 10%. Winz.io offers Cashbacks of up to 1% on Live Casino and Table Game bets. What is important is that this cashback is paid out for all bets placed, not only for the losing ones.
Faucets
The last bonus type on this list are Faucet Bonuses. Casino Faucets reward players with a certain number of cryptocurrencies. They are particularly useful when players run out of coins but want to continue playing without depositing additional funds. In some casinos, you can make a faucet request once every couple of minutes, while in others you need to perform certain tasks to qualify.
Final Words
Casino bonuses bring benefits to both the players and the gambling platforms. Whichever bonus you come by, make sure you understand the wagering requirements and that it suits your style of play so that you can get the most out of it.
