Do No Deposit Bitcoin Bonuses Exist?

Bitcoin casinos have become more and more common within the past few years. Certain gaming sites even revolve their entire operations around accepting Bitcoin (BTC) deposits.

Such casinos work just like standard gaming sites. The games and bonuses are similar to what you’ll see at any other internet casino.

Interestingly enough, though, no deposit bonuses don’t seem to be available in abundance at Bitcoin casinos. In fact, I’ve yet to naturally see an ad for a Bitcoin deposit bonus.

Do such offers even exist? I decided to do some digging on my own to find out. You can read about my findings below.

Can You Even Find Bitcoin No Deposit Bonuses?

After doing some research, I discovered that, yes, Bitcoin no deposit bonuses are a real thing. They’re only available on a limited basis, but they do exist to some extent.

Of course, one key feature of no deposit offers is that they’re pretty small. You’re looking at between $5 and $25 with the average offer.

A single Bitcoin is worth:

Current Value of Bitcoin

How then does a casino offer a BTC no deposit bonus?

These deals are broken down into Satoshis, which are the smallest units of Bitcoin. 100 million Satoshis equal one Bitcoin.

The no deposit bonuses that I found were equivalent to between 200 and 10,000 Satoshis.

Assuming you’re relatively new to cryptocurrencies, you may find converting Satoshis to USD to be annoying.

Another way that Bitcoin casinos list these offers is through free spins. If you’ve dealt with free spins before, then you won’t have to make any serious adjustments with these deals.

Instead, you simply receive your free spins and use them like normal. The only difference is that winnings are paid out in BTC.

How Does a Bitcoin No Deposit Bonus Work?

As mentioned before, the toughest part of dealing with Bitcoin no deposit offers is making the conversions to Satoshis. Of course, you can quickly get past this barrier just by googling “USD to Satoshi converter” and looking at the info.

As you may know, only winnings from a no deposit bonus are paid. The actual bonus itself is “sticky,” meaning it can’t be withdrawn.

Bitcoin free spins work just like any similar deal. You play your free spins and collect winnings, if any, after meeting terms and conditions (discussed later).

You can see that BTC no deposit bonuses are relatively easy to manage. You just need to figure out the currency conversions before completely understanding them.

How to Get Your Money From a Bitcoin Bonus

You’ve used your BTC bonus, won some money, and want to collect it. So, now what?

This is another area where you may be lost if you’re used to traditional banking options, like wire transfers, e-wallets, and bank transfers. But Bitcoin withdrawals are fairly quick and simple once you get the hang of things.

Here are the steps to cashing out your BTC:

• Visit the casino’s banking page.
• Choose the withdrawal option.
• Enter how much you wish to withdraw (listed in BTC).
• Enter your wallet (or exchange wallet) address.
• Complete the cashout and wait.

What Are the Advantages of Bitcoin No Deposit Bonuses?

Even after reading the info above, you may feel like BTC no deposit offers are a hassle. But perhaps you’ll change your mind after reading the benefits discussed below.

Perfect If You’re Already Into Cryptocurrencies

Cryptocurrency has gotten increasingly popular since 2017. Bitcoin, which was once considered something for computer nerds, is now a household name.

I’ll guess that you’ve at least thought of learning more about BTC. This vested interest will serve you well when it comes to figuring out how to handle Bitcoin no deposit bonuses.

An even better scenario is if you’re already into cryptocurrencies. If so, then these no deposit deals are just as good as fiat (e.g. USD) offers.

Free Money

Bitcoin was first conceived in 2009. Since then, it has proven to have staying power and serious value.

Again, one BTC is worth $9,261 at the moment. You’re never going to find a no deposit bonus worth this amount, But you can at least look forward to earning something for free.

Bitcoin can be used as is or converted into a number of fiat currencies. If you do win with your no deposit bonus, then you’ll be receiving real funds with real value.

Fun Way to Try New Casino Games

Gaming sites don’t offer free Bitcoin bonuses out of the goodness of their hearts. Instead, they want to entice you to become a member and potentially make a deposit later on.

Whether you decide to deposit or not is a personal matter. Furthermore, you might wind up empty-handed with your bonus.

Regardless of what happens, you can at least look forward to trying some fun games. Having the chance to win money on the side without depositing is icing on the cake.

Go for a Big Deposit Bonus Afterward

You’re not going to get rich with your no deposit offer. Even if you do go on a hot streak, casinos place win limits on how much you can earn through these deals (e.g. $150).

But your no deposit bonus could simply be a prelude to going after a much bigger deal afterward. Some Bitcoin casinos offer welcome bonuses worth up to 0.5 BTC or more.

0.5 BTC is worth around $4,630 right now. You’ll be hard-pressed to find such a generous offer anywhere else.

What Are the Downsides of These Offers?

The only true cost of going after a Bitcoin no deposit bonus is time. You need to spend a few moments registering for an account before receiving your offer.

This quick and easy process makes it seem as if you have nothing to lose with such bonuses. However, you should consider the following before you do spend the few minutes it takes to qualify one of these deals.

Extra Steps Involved

In contrast to fiat no deposit bonuses, Bitcoin offers require more steps with regard to banking. Consequently, you’ll need to spend more time with BTC deals beyond just the registration process.

First off, you need either a wallet address or exchange account (also includes a wallet) for withdrawing bonus money. Assuming you’ve never dealt with Bitcoin before, then you may need to spend anywhere from 10 to 30 minutes setting all of this up.

You may not want to keep your funds and BTC after making a withdrawal. In this case, you’ll definitely need an exchange account so that you can trade your Bitcoin for fiat.

This process becomes much easier with time. However, you may not want to deal with the headaches to begin with.

You Might Just Want Fiat Bonuses

Nothing is compelling you to go after Bitcoin no deposit bonuses. In fact, you can find plenty of relevant offers that pay out in fiat.

I actually had to do research before I found any BTC no deposit deals. In contrast, fiat no deposit offers are found in abundance across the gaming industry.

Terms and Conditions Still Apply

If you’ve ever gone after any online casino deals before, then you know that bonuses can’t be withdrawn before meeting terms and conditions.

You may also be quite familiar with common terms. But just in case, here are some terms and conditions that must be met before cashing out Bitcoin no deposit winnings:

• Wagering requirements — You must wager your bonus a certain amount of times over (e.g. 40x) before cashing out.
• Max winnings — You can only win so much through these offers (e.g. $200).
• Game restrictions — Certain games (with high RTP) are ineligible or offer reduced contributions towards wagering requirements.
• Deposit — You may be asked to deposit before the bonus is officially yours.
• Country restrictions — Some nations aren’t eligible for these deals due to a high rate of “bonus abuse.”

Conclusion

In answer to my original question, yes, Bitcoin no deposit bonuses are totally real. But you won’t find them in great supply.

You may ultimately decide that these offers aren’t worth it in the end. After all, you can find more than enough fiat deals.

But BTC no deposit offers are certainly worth looking into if you like Bitcoin casinos. These deals give you an opportunity to win free money.

Much like any no deposit bonus, you must meet the terms in order to cash out winnings. I highly suggest reading the terms and conditions before chasing these deals.

The main stipulation is that you need to meet wagering requirements. However, you’ll find other terms that must be satisfied as well.

You also need to consider whether or not you’re interested in using Bitcoin. If not, then you should stick to fiat.

If so, then you won’t have much trouble getting acquainted with BTC offers. You’ll also have access to a new type of no deposit bonus as a result.