The Basics of Bitcoin Casino Bonuses

Many online casinos now accept Bitcoin as a payment option. In fact, some casinos center their entire identity on this cryptocurrency.

Such gaming sites often feature bonuses that are measured in Bitcoin (BTC). In such cases, you’ll want to know how these offers work if you’re not experienced with BTC.

This page discusses the details of Bitcoin bonuses, available offers, and what steps you must take to cash in on these deals.

What Types of Bitcoin Bonuses Are Available?

Bitcoin online casinos offer the same types of bonuses that you’ll find at traditional gaming sites—only with a currency twist that I’ll explain later. Here’s a closer look at what deals to expect when visiting Bitcoin casinos.

Free Spins

You normally must risk cash when playing real-money slots. Free spins, however, give you an opportunity to play slots without risking your own money.

You keep whatever you win with free spins. You just need to satisfy the terms and conditions before making a withdrawal.

Here’s an example on how bitcoin free spins work:

Deposit Bonus

A deposit bonus rewards you with a certain amount of cash when you fund an account. For example, you might receive a 100% match on your first deposit worth up to 0.1 BTC.

Just like with BTC free spins, you’ll need to meet terms and conditions before cashing anything out. Upon satisfying T&Cs, you can withdraw the entire bonus amount.

Here’s an example:

No Deposit Bonus

Most Bitcoin casino bonuses require you to place a deposit. That said, a no deposit bonus is special because it doesn’t force you to fund an account.

Instead, you receive bonus funds simply for completing registration. Afterward, you’ll collect either a cash bonus or free spins.

Here’s an example on how a Bitcoin no deposit bonus works:

Free Live Casino Bet

Some Bitcoin casinos feature live-dealer gaming. The latter refers to casino games, such as baccarat or blackjack, which are streamed from a land-based studio.

When you sign up to an online casino, you’ll likely qualify for a deposit and/or no deposit offer. Afterward, you may be able to get a free bet at the live casino as well.

A free wager provides the chance to win back losses if you do indeed lose. Here’s an example on how these bets work:

VIP Rewards

Loyalty rewards are also available at Bitcoin casinos. You just need to choose gaming sites that offer VIP plans.

Casino rewards programs give you the opportunity to pick up extra rewards and free bets on the side of your play. Some of the perks that you can look forward to at Bitcoin casinos include:

• More deposit bonuses
• Free spins
• Free bets
• Cashback (trade points for cash)
• Dedicated VIP host
• Higher deposit limits
• Higher withdrawal limits

How Do Bitcoin Bonuses Work?

If you’ve played online casino games before, then you’re likely experienced in dealing with bonuses. However, Bitcoin bonuses differ slightly with regard to how they work.

The main difference occurs with the currency conversions. You need to understand the difference between fiat and Bitcoin amounts.

As you may know, fiat refers to standard currencies like the US dollar, euro, and British pound. Online gamblers have dealt with fiat bonuses for well over two decades.

Bitcoin deals, on the other hand, are expressed in a lower denomination of BTC. Most online casino sites use millibitcoin as their currency of choice because it’s the closest to a dollar/euro/pound.

As one of the previous examples show, an mBTC is currently worth $23.43, while Bitcoin is at $23,442 at the time of this writing. However, this amount is always fluctuating due to Bitcoin’s volatile price.

The Current Value of Bitcoin

Today an mBTC is worth $19.22. Tomorrow, it could be worth $15 or $25. That said, you should have a good idea on Bitcoin’s price to monitor your bankroll.

The main thing you need to understand is how mBTC converts to your chosen fiat currency. If you prefer dollars and see that a millibitcoin is currently valued at $20, then you know that a 0.1 mBTC bet is worth $2.

How to Take Advantage of Bitcoin Bonuses

You can find plenty of Bitcoin bonuses throughout the online gaming world. Here are the different steps that you can take to earn these offers.

Step 1: Get Bitcoin

You can’t play at a Bitcoin casino if you don’t have BTC. Therefore, the first step becomes obtaining BTC if you don’t own any already.

Bitcoin is available at a variety of exchanges. However, not all cryptocurrency exchanges accept fiat. Therefore, you’ll need to choose a site that allows fiat-for-Bitcoin trades.

Coinbase and Gemini are two of the most-popular crypto platforms that take USD. You can find a number of other exchanges that also accept it.

Step 2: Obtain a Casino Wallet Address

After purchasing Bitcoin, you need to send it to the online casino in question. To do this, you visit the respective gaming site’s banking section.

Once here, you choose the Bitcoin option in order to generate a wallet address. You need to copy and paste this address because you’ll be using it in the next step.

Step 3: Send Funds to the Address

Once you have a casino wallet address, you should head back to the exchange where you purchased the Bitcoin.

At the exchange, you need to choose the send option and enter the recipient’s address. This is the point when you input the casino wallet address.

Finally, you enter how much you’d like to deposit and confirm the transaction. Your funds should arrive within anywhere from 30 minutes to a few hours.

The wait time depends upon how much you put towards the miner’s fee and the Bitcoin network’s congestion. Normally, you won’t need to wait long for your funds.

Meet Terms & Conditions

As with any other online casino bonus, you must satisfy terms and conditions before cashing out Bitcoin bonus funds.

Terms vary from one gaming site to the next. However, you’ll generally see the same T&C’s at most casinos.

Some of the common terms and conditions include:

• Playthrough: A multiple of the bonus (e.g. 30x) that must be wagered before you cash out.
• Time limit on playthrough: Casinos usually give you between 30 and 90 days to meet playthrough.
• Game restrictions: Due to their high RTP, some games either feature higher playthrough (e.g. 60x) or are entirely restricted from qualifying for playthrough.
• Maximum bet: You can only bet up to a certain amount when earning bonuses.
• Country restrictions: Not all countries qualify for offers due to bonus abuse.

Bitcoin Casino Bonuses Aren’t Much Different than Regular Bonuses

For the most part, Bitcoin casino offers don’t differ much from those you’ll see at traditional gaming sites. They feature the same type of bonuses and include the same general terms and conditions.

The biggest difference between BTC and regular bonuses is the currency. Standard online casinos display everything in terms of traditional currencies, like the dollar or euro.

Meanwhile, Bitcoin gaming sites express their offers in BTC amounts. More specifically, mBTC is the primary unit used to measure these bonuses.

If you’re new to cryptocurrencies, the concept of mBTC is difficult at first. You need to make conversions with both bonuses and bets.

Luckily, certain tools exist for making these conversions. After using your tools for a while, you should become comfortable with mentally converting the numbers.

It’s not hard, for example, to convert 0.5 mBTC to $10 if you have a firm handle on Bitcoin’s price. Once you’ve got the conversions down, you’re good to go with these bonuses.

Conclusion

You shouldn’t experience much difficulty moving from traditional to Bitcoin bonuses. The latter consist of the same type of offers, only with a different currency unit.

Once you can make the conversions from fiat to mBTC, then you’ll be well-versed in Bitcoin offers. You can use online tools to make such conversions as easy as possible.

BTC casinos feature a variety of deals that range from free spins to no deposit bonuses. That said, you’ll enjoy plenty of offers when gambling at Bitcoin online casinos