Are you thinking about joining a Bitcoin casino? Trying to understand online casino bonuses?

Joining a Bitcoin casino can be a great way to gamble online. However, there are a lot of different online Bitcoin casinos out there, and they all offer different bonuses. It’s well worth understanding how these bonuses work before you choose an online casino to use.

In this guide, we’ll tell you what Bitcoin casino bonuses are and how they work.

Understanding Bitcoin

Created in 2009, Bitcoin (BTC) is a digital currency that is accepted across the world. Bitcoin and other cryptocurrencies are decentralized and aren’t affiliated with any bank or government.

Bitcoin is becoming more and more widely accepted in recent years and can even be traded on stock exchanges. It can also be exchanged for other cryptocurrencies.

People buy and use bitcoins and other cryptocurrencies for a variety of reasons. This includes increased security, easier international transfers, and independence from the government and large financial institutions. 

What is a Bitcoin Casino?

Bitcoin casinos are online casinos and sports betting agencies that accept Bitcoin deposits. Some online casinos will accept only bitcoins (BTC). Others will accept bitcoins along with other cryptocurrencies or fiat currencies, such as the US dollar.

Users of these Bitcoin casinos can play poker, online slots, roulette, blackjack, and many more online betting games using only Bitcoin. Some of these Bitcoin casinos may also allow users to place sports bets, participate in online lotteries, or try spread betting as well.

Because of the high value of a single Bitcoin, many of these online casinos use the term ‘mBTC’ or “millibitcoin” which is 0.0001, or one-thousandth of a bitcoin. 

What Are Bitcoin Casino Bonuses?

Like with other online casinos, Bitcoin casinos offer certain bonuses when you sign up or deposit money.

Often, Bitcoin casinos will offer to match a significant amount of your deposit. Some casinos will give you a small bonus simply for signing up and creating an account.

Every casino is different, so you’ll want to do your research when deciding which Bitcoin casino to sign up for. You may want to read some of the best bitcoin casino reviews before making your choice.

When it comes to Bitcoin casinos, the process of getting bonuses is similar to that of other online casinos. However, a major difference is that the bonus of your deposit will typically be translated into a fiat currency.

There are different types of Bitcoin casino bonus types which are all a bit different. Below are the main types of Bitcoin casino bonuses you should know about. 

Deposit Match Bonuses

A Bitcoin casino deposit match bonus is very common and can allow you to get quite a bit of extra funds to play with when joining an online casino.

A deposit match will match your deposit up to a certain amount. For example, a deposit match bonus may match your deposit 100% up to 1 BTC.

No-Deposit Bonuses

No-deposit bonuses are bonuses that casino users will get simply by opening an account.

It’s not necessary to make a deposit in order to get this bonus. However, these bonuses will usually be significantly smaller than the bonuses that you’ll get when making a deposit. 

Free Spin Bonuses

Many Bitcoin casinos offer free spins to casino users who register with them. This bonus is sometimes offered on top of another type of bonus when signing up. It may be offered on its own when opening an account. Additionally, free spins are often offered to loyal customers through email as well. 

These free spins allow you to spin a slot game for free a certain number of times. Many casinos offer 100 free spins or more for those who sign up for an account.

No-Wagering Bonuses

Many Bitcoin casino bonuses will require a customer to use their bonuses a certain number of times before being able to make a withdrawal. No-wagering bonuses, on the other hand, can be withdrawn at any time instead, making them an attractive option for players.

Reload Bonuses

Reload bonuses are bonuses that are given to players for deposits following the initial one.

Players will get these bonuses when reloading an account and making additional deposits. These bonuses are very similar to typical deposit match bonuses but will be offered to existing players instead of brand new ones.

Getting Bitcoin Casino Bonuses

The process of earning a bonus and withdrawing it is fairly simple. Here are the typical steps that you’ll follow to successfully get a bonus from a Bitcoin casino.

1. Make a Deposit: First, you’ll need to sign up for an account with the online casino. If a deposit match bonus is offered, you’ll then also need to make a deposit. Be sure to read the requirements of the bonus and carefully consider how much you would like to deposit in order to maximize the amount of the bonus.
2. The Bonus Will Be Applied: After signing up and making your initial deposit, the bonus will be applied to your account.
3. Meet Wagering Requirements: Remember that in order to withdraw your deposit, you’ll likely need to meet some wagering requirements. You may need to place wagers with the bonus a certain number of times before it’s available for withdrawal. However, if the bonus is a no-wagering bonus, this won’t be the case and you’ll be able to make a withdrawal immediately.
4. Make a Withdrawal: Once you’ve met all necessary requirements you can then withdraw your money. 

Making the Most of Bitcoin Casino Bonuses

If you’re thinking about joining a Bitcoin casino, be sure that you understand Bitcoin casino bonuses first. By signing up for an online Bitcoin casino, you can get some great bonuses that can make it well worthwhile.

In search of more online gambling advice? Start browsing our blog now to find more helpful tips.