The Basics of Ethereum Casino Bonuses

Online casinos have been accepting Bitcoin as a payment option for a long time. But now, they’re taking other cryptocurrencies, too.


Not surprisingly, Ethereum is one of the most popular altcoins (any coin besides Bitcoin) accepted at online casinos. It’s currently the second biggest cryptocurrency in terms of market cap (currently $70.3 billion) behind Bitcoin.

Ethereum (ETH) is first and foremost a decentralized platform that allows multiple parties to execute smart contracts with each other. But it can also be used as a digital currency at online casinos.

Given that Ethereum is so popular at gaming sites, you can find plenty of ETH bonuses throughout the industry. Assuming you’re interested in taking advantage of these deals, you can learn more about Ethereum bonuses below.

What Types of Ethereum Casino Bonuses Are Available?

ETH casinos provide a wide variety of bonuses. Here are the different deals that you can benefit from when gambling with Ethereum.

Deposit Bonus

A deposit bonus matches a percentage of your deposit. You get to cash out the entire bonus upon meeting terms and conditions (covered later).

Here’s an example of a deposit bonus:

• An online casino offers a 100% match bonus worth up to 1 ETH (currently valued at $600).
• You deposit 0.5 ETH and, thus, qualify for a 0.5 ETH bonus.
• You’ll get to cash out half an Ethereum upon satisfying terms and conditions.

Free Spins

Free spins allow you to play real money slots for free. You’ll receive a certain amount of free spins and use the spins to generate winnings.

Here’s an example of Ethereum free spins:

• A gaming site offers 50 free spins for a minimum deposit.
• You deposit and collect the 50 free spins.
• You earn 0.1 ETH ($60 right now) in winnings through the spins.

No Deposit Bonus

With a no deposit bonus, you receive a bonus simply for completing registration. This bonus can come in the form of either free spins or cash.

Here’s an example of an Ethereum no deposit bonus:

• A casino gives you 0.05 ETH ($30) for registering.
• You use this bonus to satisfy terms and conditions.
• You have 0.02 ETH left after clearing the terms.

Cashback

Cashback gives you an opportunity to earn back a percentage of your losses. These deals cover a short amount of time ranging from a few days to an entire week.

Here’s an example of a cashback bonus:

• A crypto casino offers up to 0.2 ETH ($120) cashback.
• This offer covers the first seven days after you deposit.
• You lose 0.1 ETH during this period.
• You’ll receive 0.1 ETH back.

Free Bet

When you first play at a live dealer casino, you may be eligible for a free bet. The latter gives you the chance to earn back losses stemming from a losing wager.

Here’s an example of a free Ethereum bet:

• You deposit with the appropriate bonus code.
• The casino gives you a $25 bet.
• You place a $25 live blackjack bet and lose.
• You’re now eligible to earn the $25 back.

Loyalty Rewards

Like any online casino, ETH gaming sites give you the opportunity to earn VIP rewards. Usually, you’re automatically enrolled in a casino’s loyalty program immediately after depositing.

From here, you earn rewards points by placing real money wagers. The higher your betting volume, the more rewards you stand to earn.


Here are some things that you can do with your points after receiving them:

• Exchange loyalty points for cash.
• Get extra deposit bonuses.
• Earn free spins.
• Participate in leaderboard races.
• Qualify for special casino freerolls.
• Get higher deposit and cashout limits.

How Do Ethereum Bonuses Work?

If you’ve gambled online before, then you’re likely aware of one or more of the bonuses discussed above. With that said, you should experience little trouble moving from regular to Ethereum bonuses.

However, the ETH currency requires a big adjustment when considering casino bonuses. You aren’t using dollars, euros, or pounds, but rather Ether (usually just called Ethereum or ETH).

Provided you can make the conversion from dollars to ETH, then you’ll quickly become acclimated to Ethereum casinos and bonuses.

Here’s an example on making such conversions:

You may also be interested in knowing the conversions when placing bets, too. After all, you’ll need to wager a certain amount before cashing out a bonus.

Using the conversion above, a $10 bet would be worth 0.0167 ETH. A $100 wager, for example, would be worth 0.167 Ethereum.

If you need any help making the conversions, you can always find useful tools online. Additionally, you can go the old-fashioned route and use a calculator.

How Do You Get Ethereum Casino Bonuses?

You qualify for ETH Casino bonuses just the same as you do with regular casino offers. Upon placing a deposit and entering the proper bonus code, you’ll be in line for an Ethereum bonus.

However, the currency again throws a wrench in the transition from regular to Ethereum bonuses. You actually have to buy ETH before getting started on the path towards capitalizing on these offers.

The following steps explain everything you need to know about purchasing Ethereum, depositing it, and taking advantage of bonuses.

Step 1 – Buy Ethereum

Numerous cryptocurrency exchanges exist. If you don’t have any crypto to begin with, though, you’ll need to purchase Ethereum with fiat (e.g. US dollar).

Coinbase is one of the most popular fiat-to-crypto exchanges. Gemini, Kraken, and Binance are all examples of exchanges that take USD.

You’ll need to sign up and provide additional verification before depositing with dollars. After funding an account, you can head to the “buy” section and select Ethereum.

The exchange will ask you to input how much ETH you’d like to purchase. Once you’ve finalized the deal, you’ll now have funds to gamble with.

Step 2 – Get a Wallet Address From the Casino

Assuming you’ve already got an Ethereum casino in mind, you should head to its banking section. Some ETH gaming sites accept multiplier cryptocurrencies, including Bitcoin, Bitcoin Cash, and Litecoin.

Of course, you only need to worry about the Ethereum option. Upon selecting the ETH, you’ll generate a wallet address.

This address serves as the recipient for your transaction. You copy and paste it so that you’re ready for the next step.

Step 3 – Revisit the Exchange and Send Funds

This part involves heading back to the casino where you purchased the ETH. Once at the exchange, you’ll choose the “send” option.

You must decide how much you’d like to deposit along and input the wallet address. When doing the latter, make sure that you have the exact address. You’ll lose your money by sending it to the wrong place.

The last step is to confirm the transaction and send the funds. You shouldn’t have to wait more than one to two hours for your Ethereum to arrive at the online casino. You’ll receive confirmation when the funds are available.

Don’t Forget About Terms and Conditions

As mentioned in previous examples, you’ll need to meet terms and conditions before withdrawing an Ethereum casino bonus.

The terms that you must satisfy vary based on the gaming site. Nevertheless, you can generally rely on having to meet the following terms at most casinos.

Playthrough

Playthrough (a.k.a. rollover) is the most important part of earning any casino bonus. It determines how much you’ll need to bet before withdrawing bonus funds.

Here’s an example:

• You deposit and qualify for a bonus worth 0.5 ETH ($300).
• Playthrough is 30x.
• 30 x 0.5 = 15
• You must wager 15 Ethereum (currently worth $9,000) before withdrawing the bonus.

You want to seek out the lowest rollover possible. This way, you don’t need to wager as much before cashing out.

Time Frame on Playthrough

Online casinos only give you so long to meet rollover. Depending upon the casino, you may have anywhere from 30 to 90 days to satisfy playthrough.

The time limit starts after you activate the bonus. You must visit your account to activate the offer and begin working on rollover.

Game Restrictions

The best strategy when meeting rollover is to play games with the highest return to player (RTP). This way, you theoretically stand to lose less money when unlocking a bonus.

However, most top rated online casinos don’t let you satisfy playthrough through just any game. They may restrict certain games or raise the playthrough on them.

A restriction means that you won’t meet rollover when playing that particular game. Higher playthrough means that you’ll need to wager more when playing designated games. You should always check the list of restrictions before trying to earn any Ethereum bonus.

Bonus Code

Some ETH gaming sites require a bonus code before you qualify for offers. These codes usually consist of a word followed by numbers.

Here’s an example:

• A casino offers a deposit bonus worth up to 2 Ethereum.
• The bonus code is “ETH2.”
• You must enter ETH2 in the appropriate field/box when depositing.

These codes indicate to the casino which bonus you’d like to earn. That said, you want to check if a bonus code is required before depositing.

Maximum Bet

Casinos offer bonuses to encourage you to keep playing their games. They don’t, however, appreciate it when you make huge bets just to clear rollover faster.

With that said, gaming sites limit how much you can bet with an active bonus. For example, you might only be allowed to place $100 bets, or so, when meeting playthrough.

This is another area that you really want to be sure on before chasing a bonus. After all, betting too much at once could sacrifice your deal.

Conclusion

Ethereum casino bonuses bear many similarities with regular bonuses. They usually consist of the same types of offers and feature common terms and conditions.

Therefore, you should experience no trouble when moving from classic bonuses to the Ethereum variety. The main thing you need to know is the currency differences.

As long as you can make these conversions, then you’ll have a good handle on what kind of bonus money is available. You’ll also have a better grip on how much your bets are worth.