Bonuses have become an essential feature in the gambling industry such that there is almost no casino that can function without offering any. The same applies to Bitcoin casinos; they use bonuses as a way to obtain more gamblers on the sites. Although this may seem like casinos are the ones that have a lot to gain, it also provides extra benefits to gamers. Bitcoin casino bonuses usually come in various forms which include no deposit bonus, first deposit bonus, bonus codes as well as free spins. When it comes to bonuses, there is always a catch. So, make sure to understand the terms and conditions attached to the bonus before accepting it. Here are some of the best Bitcoin casino bonuses for 2020:
In 2009, the internet community received a new form of currency which is the Bitcoin. Since then, the Bitcoin has become the epitome of cryptocurrencies used by almost every industry to conduct payment of goods and services online without intermediaries. As popular as it has become, it is not surprising that Bitcoin has managed to penetrate the gambling industry with a massive head start. An industry that is concerned with safety, fast transfers, as well as anonymity, Bitcoin and gambling industry seem to be a perfect match. Here are the advantages of Bitcoin as a currency:
As you can see, there is a lot to gain than lose when using Bitcoin online. Now, if we apply these advantages to your online gambling experience, we come up with a thrilling, secure, cost-effective, as well as anonymous gaming encounter.
It is no secret that Bitcoin is slowly taking over as the leading currency to use when making online transactions. Its fast, secure, and above all, values one’s anonymity by not requiring personal details to complete transactions. The gambling industry revolves around technological development. We have seen it over the years move from the brick and mortar to online sites. With that said, it is safe to say that technology has a significant influence on the way casino online develop. Bitcoin, which is a technological invention, offers both the gambler and casino owners a lot of benefits. Although there are still challenges to be addressed such as the volatility of cryptocurrency which can profoundly affect both the casino and the gamer, it does make the industry more attractive with its fast and secure transaction capabilities.
A no deposit bonus is the ability to play for real money without having to deposit any of your Bitcoin money. The bitcoin casino provides the player with virtual bitcoin funds before making a deposit. The player will then use those funds to gamble for real money and depending on the terms and conditions; the gamer can keep a certain percentage of the winnings. This type of bonus is available to new or players that have been idle at the gambling platform for some time. The offer is typical among those who want to test the waters before injecting their hard-earned money. There are many reasons why a no deposit bonus is enticing, which include:
No deposit bonuses come in different forms which include:
A deposit bonus requires the player to first make a deposit before receiving their bonus. Usually, a deposit bonus amount varies depending on the amount deposited. For instance, if the gamer deposits 1 BTC and receives a 50% deposit bonus offer, their account will be loaded with 1 BTC + 0,50 BTC. However, at times casinos put a limit on the amount you can get as a bonus. For example, the casino may offer a 50% deposit bonus of up to 0,20 BTC. This means instead of the gamer receiving 0,50 BTC when they deposit 1 BTC, they will receive 0,20 BTC. However, if the player deposits 0,20 BTC, they receive 0,10BTC as a bonus.
The common mistake made by amateur gamblers online is to accept a bonus before understanding terms with wagering requirements. All bonuses offered online come attached with a wagering requirement which means despite making loads of wins using your bonus; you might end up not being eligible to withdraw your winnings due to unmet requirements.
What is a wagering requirement?
These are betting terms that should be met when using your bonus money. For instance, if your wagering requirement is 40x, then, you must wager 40 times the initial figure. For example, if your initial amount plus bonus adds up to 1 BTC with a wagering requirement of 10x, then, the money wagered should be up to 10 BTC before being eligible to withdraw your winnings. There are other requirements such as minimum and maximum wagering stake. Therefore, it is essential to understand the terms with wagering requirements before accepting a bonus offer to plan on how to take full advantage of it.