Basics of Bitcoin No Deposit Bonuses

No deposit bonuses are prevalent throughout the online gambling world. You can use these offers to make money without even depositing.

Of course, most no deposit deals are based on fiat (e.g. USD, GBP). If you’re somebody who plays at online Bitcoin casinos, then you might wonder if any Bitcoin no deposit bonuses exist.

The good news is that, yes, such offers are available. Given how uncommon they are, though, you may have questions about how they work. The following guide discusses how to find and take advantage of BTC no deposit bonuses.

Benefits of BTC No Deposit Bonuses

The main perk of a Bitcoin no deposit bonus is that it provides the chance to win free money. However, BTC deals feature special benefits that set them apart from the average bonus. Here are the specific advantages that you’ll gain through these casino bonus deals.

Highly Valuable

The average no deposit bonus is worth between $10 and $25. Although you’re receiving free funds, you don’t exactly get a lot with these deals.

Bitcoin no deposit deals, on the other hand, can be worth significant amounts. The reason why is because Bitcoin itself is extremely valuable.

At the time of this writing, one Bitcoin is worth $57,000. While this price is subject to change at any point, it illustrates that BTC is indeed worth a lot.

The Current Value of Bitcoin

I’ve seen many Bitcoin no deposit bonuses worth 0.01 or higher. While this might not sound like much, it’s actually worth $570.

If Bitcoin continues increasing in value like this, then BTC no deposit offers may be worth 0.001. But even one one-thousandth of a Bitcoin is quite large for a no deposit bonus.

Available to Most Countries

Some countries, such as Australia and the US, have restrictive online gaming laws. As a result, not all online casinos serve these nations.

If you live in the US, then you might miss out on some no deposit bonuses. However, you don’t have to worry about this as much with Bitcoin casinos.

A BTC casino can serve virtually any nation. After all, Bitcoin is a decentralized payment method that doesn’t involve any third parties.

A government or bank can’t stop Bitcoin casino deposits. As a result, BTC gaming sites are more confident in serving many countries. Going further, they’ll offer their no deposit bonuses and other deals to most of the globe.

Fun for Crypto Enthusiasts

Bitcoin and other cryptocurrencies are intriguing even without the gambling aspect. They’re unique forms of digital money that revolve around blockchain technology.

In Bitcoin‘s case, blockchain serves as a ledger for all transactions. Nobody can alter this ledger, meaning that the Bitcoin network essentially runs and protects itself.

If you’re into cryptocurrencies, then you’ll be especially interested in BTC no deposit bonuses. You can take a stab at free money and enjoy using cryptocurrencies in the process.

How Does a Bitcoin No Deposit Bonus Work?

You may already have a good idea on how no deposit bonuses work. However, BTC no deposit deals work a little differently because of the currency differences.

Most of these casinos use milibitcoin (mBTC) as a unit. Currently worth $57, mBTC is the closest measurement to a dollar, euro, or pound—although it’s not that close.

If your bonus is worth one mBTC, then you’d use this amount to generate winnings. You could cash out the winnings after meeting terms and conditions.

Here’s an example on how this could play out:

• You receive a bonus worth 1 mBTC ($57 right now).
• You gamble this bonus and win 0.5 mBTC ($27.50) by the time terms and conditions are met.
• You can cash out the 0.5 mBTC or keep playing.

Steps to Qualifying for Bitcoin No Deposit Bonuses

You shouldn’t experience much trouble securing BTC no deposit deals after finding them. If you do need any help in this department, though, then you can follow the simple steps below.

As mentioned before, most online casinos list no deposit bonuses in terms of fiat. Therefore, you must do some searching before finding a relevant Bitcoin deal.

Luckily, BTC no deposit bonuses do exist. You just need to use a search engine to find them. You’ll likely be able to accomplish this goal within five to 10 minutes.

2 – Get the Proper Bonus Code

Most online casino bonuses of any kind require a bonus code. BTC no deposit deals are usually the same way.

No deposit bonus codes are typically available through affiliates, although they’re occasionally listed on casinos’ websites too. You’ll need to enter the relevant code when registering for an account (covered next).

Keep in mind that not all deposit bonuses require a code. You may simply need to register for an account, and you’ll receive the bonus automatically.

3 – Sign Up

Every casino makes you sign up before handing over a no deposit bonus. After all, the point of offering these deals in the first place is to draw new potential customers.

You can start on the path towards registration by selecting the signup button on the homepage. This action will bring up a registration form with various fields.

You must fill in all of the fields and submit your account for approval. As long as you’re of age, you should be approved and receive the bonus instantly.

4 – Claim the Bonus

Some gamblers mistakenly believe that they don’t need to do anything else after signing up. However, real money online casinos require you to claim a no deposit bonus before it becomes active.

You activate a bonus by visiting your account area. Here, you should see a “claim” option (or something similar). After selecting this button, you’ll activate the offer and be able to start using it.

Important Terms and Conditions

The whole goal behind a BTC no deposit bonus is to win free Bitcoin. This way, you’ll get started on the right foot at a new casino.

However, you need to meet terms and conditions before officially earning the money. Here are some of the most important terms and conditions.

Wagering Requirements

Wagering requirements (a.k.a. playthrough) refer to how much you’ll need to bet before cashing out bonus funds. No deposit bonuses typically have higher wagering requirements than other types of deals.

After all, gaming sites don’t like giving away free money without a challenge involved. Nevertheless, you can still make money with these deals when going on a hot streak.

Here’s an example on meeting the rollover associated with Bitcoin no deposit bonuses:

• You qualify for a 0.01 BTC no deposit bonus.
• Rollover is 50x.
• 50 x 0.01 = 0.5
• You’ll need to wager 0.5 BTC before cashing out.

Maximum Winnings

It would be great if you could use a Bitcoin no deposit deal to rack up a cryptocurrency fortune. However, gaming sites normally limit to the amount that you can withdraw from these deals.

For example, an online casino might only allow you to win up to 0.02 BTC. While this cap still amounts to $1,100, it doesn’t allow you to win infinite funds.

You can, of course, earn more than the maximum withdrawal amount. However, any additional funds beyond the limit will disappear upon cashing out.

Minimum Cashout

Every online casino institutes a minimum withdrawal. After all, they don’t want to process cashout requests for a dollar or less.

The minimum cashout comes into play with BTC no deposit bonuses. You’ll need to at least have enough to meet the minimum withdrawal.

Here’s an example of this term in play:

• The minimum cashout is 0.001 BTC.
• You receive a 0.01 BTC deposit bonus.
• You use this offer to win 0.002 Bitcoin.
• You can withdraw these funds since they meet the minimum withdrawal.

Maximum Bet

Theoretically, you could take your no deposit bonus and place one massive bet to satisfy rollover. This would save time and essentially put you in a coinflip situation for the winnings.

Again, though, gaming sites want you to actually play for a bonus. They don’t want you meeting wagering requirements in one fell swoop.

Maximum betting limits help them achieve this goal. A casino, for example, may only allow you to bet up to 0.03 BTC with an active bonus.

Conclusion

Bitcoin no deposit bonuses aren’t the most common offers in the industry. They do, however, exist to some extent.

If you gamble with BTC, then you’ll definitely want to take advantage of these offers. They give you the chance to win free Bitcoin at a new online casino.

Assuming you’re already experienced with no deposit offers, then you’ll have no trouble with these deals. Even if you’re new to the matter, you should quickly figure out the basics. You can always refer back to this guide if you have any questions on the matter.