Bitcoin Casinos – How Do Welcome Bonuses Work?
The Welcome Bonuses Offer in Bitcoin Casinos
All online casinos are on a constant lookout for new players. And Bitcoin casinos are no different. They need customers spending their bitcoin as much as traditional casinos need customers spending their traditional Fiat currencies. Our favourite casino that accepts Bitcoin, as well as Litecoin and Dogecoin, is 22Bet Casino. One of their biggest incentives to attract new customers is the welcome bonus, which is a massive 122% up to €300!. Thanks to its clever design, the welcome bonus will never cost the casino a single penny. Yet it gives the new player the sensation that they are actually getting something for free.
For new players coming to Bitcoin casinos, many will consider the pros and cons of Bitcoin gambling. To help them lean towards pros, there are now many different types of incentives to encourage the player to sign up with a new account. An example would be, SatoshiDICE. It’s one of the first crypto betting sportsbooks. And they offer a welcome bonus of 100% up to $1,000. This is a great way of starting your journey with a new online casino company. The extra cash will help your bankroll last longer. And therefore increase your jackpot winning chances.
Why Bitcoin Casinos Offer Welcome Bonuses
It’s only natural that a gambler who’s perusing the internet looking to win the jackpot online is going to be looking for the best offers among all the thousands of online casinos. It would be foolish to turn one’s nose up to any extra offers or incentives that are free and often consist of real money. So it should come as no surprise that Bitcoin casinos and sportsbooks are looking to entice you with more and more tempting offers. One of the best offers is the welcome bonus for all new players from 22Bet Casino. Apart from that they have a huge games selections for all casino players.
How The Welcome Bonus is Offered in Bitcoin Casinos
From the players perspective, probably a casino that gives the first deposit bonus as a large sum is going to be the one that attracts the player. Obviously, you’re looking for the largest sum possible without risking your own bankroll. Though it’s not always the case, in general, the gambling motto should always be “greater benefit for less risk.” Unfortunately, all that shines is not necessarily gold. All welcome bonuses will come with various restrictions and rules. Some of these will be cynical enough that they are impossible to play through.
A good example would be if you could receive a single Bitcoin from the online casino to add to your existing one, in the case of a 100% bonus. Now you have two Bitcoins, and your first thought is to withdraw them straight away. Well, no casino on planet Earth is going to be foolish enough to let you up sticks and simply run away with their money. Any casino doing this with new customers would quickly go bankrupt.
How Real Incentives work in Bitcoin Casinos
- The whole process begins when a new player makes a deposit into their online casino account using either real money or Bitcoin from their Bitcoin wallet.
- Once these funds have been credited then the casino will add a bonus on top of these funds. This is described as a percentage of the original amount. This can vary from 25% up to over 200%.
- This bonus will be in a separate account from the user’s regular one. Now the new player will need to spend his own money first from his user account. Only once they reach a certain spending level, the bonus amount will trigger. Then they will be able to spend it.
- Any wins that result from this gameplay will go into the customer’s regular account and he may withdraw them. We should point out that all online casinos will have a cap on their bonus funds.
Keep an Eye on The Date of The Bonus
Another thing to watch for when it comes to welcome bonuses and other incentives is that many of them will come with an expiration date. Many times this isn’t put clearly. But the requirement is that you will need to start placing bets within a certain amount of time. Otherwise, you stand to forfeit your bonus. This can be as short as a single day, or as long as a couple of months. You’ll find that many cryptocurrency casinos will not only award the new customer with a first deposit bonus. But also with subsequent gifts for each successive deposit into their online gambling account. On the whole, these extra bonuses can number from 3 to 5 credits.
You may well find that many Bitcoin casinos require that your bonus deposits are diluted with real ones. In other words, you need to spend money in order to receive money. Also, don’t imagine that you can fool the online casino site by only placing a tiny amount of funds as a top-up. All these online casinos will be running an algorithm. One that will be constantly analysing your prior spending. It will calculate an expectation as to the minimum amount you can deposit.
Free Spins at Bitcoin Casinos
Just as with regular online casino sites, you’ll find that the best Bitcoin casinos to win the jackpot will offer not just bonus money, but also free spins for slot jackpot games. Free spins are a fantastic gift for simply making your deposit. But the downside will be the wagering requirements that come with such offers. Unless these are satisfied, you will not be able to keep any funds that you might have won through your free spins. Most casinos will have wagering requirements of between 30x to 50x. In reality, this means that you need to bet between 30 to 50x the amount of the bonus in order to be able to cash out any winnings coming from it.
Read The Terms And Conditions Carefully
As with other incentives, free spins are also subject to an expiry date. Here at Jackpotfinder.com, we are stickers when it comes to visiting the terms and conditions section of the website in question. You’ll need to find the paragraph that mentions the date of activation and also the duration of use. That’s because you must activate many of these bonus spins must first. This is a means of putting a timestamp from when you can start to use them. As well as a means of determining when they will expire.
Another important factor in gaining bonuses is from using a one-time email server such as 10 MinuteMail, Maildrop, Mailinator, or others. You may well find that you are ineligible for free spins as well as other cryptocurrency incentives. We cannot stress enough the importance of looking through the site’s terms and conditions. This is where you’ll find the real story behind those incentives. You’ll discover their real value in terms of liability and your access to any winnings which come from playing them.
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