Not all bonuses are created equal. Though on the surface they may promise the earth, hidden requirements, and small print can render some of them useless. When it comes to paying in Bitcoin, these bonuses can often be much more generous than those using other payment methods. So how do you find the right ones and the best casino that accepts your Bitcoin payments? And is it even possible to find ones that offer no deposit bonuses?
Step-by-Step Processes for Claiming Bonuses
Bonuses are usually fairly easy to claim at any casino. You will need to sign up, provide your credentials, and give some information. For standard bonuses, you then deposit the stated amount for matched bonuses and free spins. The bonus will generally appear as a credit in the next few hours or even instantaneously.
When it comes to a Bitcoin casinos no deposit bonus, it may work a little differently. This is because you are using a crypto casino and are claiming a no-deposit bonus. A no-deposit bonus does not require any money to be deposited in the casino’s account. You just need to make a player profile and you will get credit to play games.
It is worth noting that most mainstream casinos that accept Bitcoin have special offers for creating your account using this method. This is because they don’t have to pay third parties, such as banks and payment gateways. Thus, the advantage is passed onto you. This may come in the form of matched bonuses, free spins, or bets.
Common Terms and Conditions
There are now an estimated 4,792 gambling companies with casinos online, across the US and the rest of the globe. In this competitive field, each will offer bonuses to attract new players and lure them away from the competition. However, under the surface is where they differ, with some adding terms and conditions that can sometimes make bonuses useless. Spotting the most generous is the key to getting the best bonuses.
These mainly come from what are known as wagering requirements. They are terms and conditions that define how and what you can withdraw when you win using a bonus. It is usually expressed as a multiplier, and this is the amount you have to work through a bonus before you can withdraw it.
Imagine the wagering requirement is x30. You win $10. To withdraw that, you need to wager 30 x $10, which is $300. The higher this figure is, the less generous a wagering requirement becomes. All casinos will have them because if not, they will be giving away money for free. You just need to find out who has the lowest wagering requirement.
Hints and Tips
When playing games using bonuses, particularly slots, look for ones with a high RTP and low volatility. These are two measures of how much and how often a game will pay out.
RTP is a return-to-player ratio, often expressed as a percentage. This shows the probable amount (Not a given, but close) a player will get back from their bankroll if they wager over a long period. For example, 98% means they would get $98 of their bankroll back if they wagered a $100 bankroll. Volatility is a measure of how often a game pays out. Low-volatility games will pay out in smaller amounts more frequently, whereas higher-volatility games will provide bigger payouts but seldomly. As you are using limited-time bonuses, it is better to go for low volatility high RTP games as you have more chance of a win.
Be aware that casino bonuses are often given a time limit. This can be quite stringent, 24 or 48 hours depending on the casino. Make sure that you use your bonuses within this timeframe, or you risk losing them.
Finally, there are two ways to approach a bonus. It depends on the type of player you are. If you are going to play for a long time, then wagering requirements don’t matter. At some point, you will have deposited the required amount and be able to claim your winnings, which are held in a stasis account. In this case, bonuses are a win-win situation.
If you are new to online casinos, then view a bonus as a way to try the casino and certain games out. Many people use them to get to grips with slots or try new strategies in table games. As you are using a bonus, you are not losing anything should it not work out.
With these strategies, you should get the most from your bonus. Check for casinos that offer advantages for playing with Bitcoin, and try no-deposit ones so you don’t have to make a first payment. That way you can see if they are the right one for your needs.