Now, we are going to find out whether there are any pitfalls and how to avoid them.
How typical Bitcoin deposit bonus works
If you thought you could add 1 BTC to your balance, get another bitcoin (in case of 100% bonus) and withdraw 2 BTC in a blink, we would have to disappoint you. There is no casino that would operate at a loss, doubling users’ funds out of pure kindness.
The most common mechanism of welcome bonus’ functioning implies the following algorithm:
- A user credits his or her account on a Bitcoin casino website with a certain amount (say, 100 mBTC).
- The system adds bonus funds to the credited money. These funds may vary: 25%, 50%, 100% or even 200% of deposit and so on.
- Both deposit and the user’s money are stored on a special bonus account. As a rule, users need to bet the cash money first, and then they are able to use the “gift”.
- In case of winning, bets made from bonus account bring gains to the “cash” account, which allows users withdrawing bitcoins to their wallets.
Each casino sets its own limit of bonus funds; 1 BTC is the most common. It means that even if you deposit 5 bitcoins, the website cannot add more than one bitcoin of extra money to your account.
Bonus funds often have an expiration date: in that case, a player would need to gamble with the “granted” money over some days or months. If (s)he does not make bets in time, the bonus is lost while the contributed money are transferred to the cash account.
The thing is that many cryptocurrency casinos do not limit players with the very first deposit, offering bonuses for further one as well. Usually, these are the first three or five credits of website’s account.
Some resources require “diluting” bonus-using deposits with ordinary ones. You would hardly fool them by putting few satoshi, because the minimal amount often should be no less than the average of your previous deposits.
Free spins, free spins!
Numerous Bitcoin casinos offer not only bonus money, but also additional free spins for online slots apps. If you like getting money out of the one-armed bandit, pay attention to those gambling websites where you receive free spins for making deposits.
Of course, it does not mean that you would have Bitcoin galore for no particular reason. You would need to meet wagering requirements for the money you get by winning from the free spins. Casinos usually set 30x, 40x, or 50x wagering requirement, which means that you would have to wager 30, 40, or 50 times as much money as your bonus winnings before you could withdraw them.
And yes, free spins may expire as well. Go to “terms & conditions” and find a paragraph that says about activation date and period of use. Yes, you would need to activate them first, and then use these free spins within some period.
Remember that using one-time email services (10 minute mail, Mail Drop, Mailinator and others) might disable the opportunity to get free spin bonus on some cryptocurrency resources.
Simple, yet incredibly useful habit
There is one uncomplicated thing that will help you find the best Bitcoin deposit bonus: read terms and conditions. Always.
When you get used to it, you also have a sober view of bonuses. Furthermore, you become more pragmatic as you can determine which offer is really more profitable for your gambling style.
This very attitude allows you to get the maximum joy out of gambling.