2020 Bitcoin Casino Bonus Index

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:

 

Advantages of Bitcoin Gambling

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:

• Decentralized – there is no central regulating authority in the Bitcoin system making it impossible for anyone to freeze or take away your money. You have full control of your money.
• No Tax – since there is no central regulating authority, your bitcoin transactions are not subjected to tax charges.
• Safety – bitcoin transactions do not need you to expose your personal details which protects you against identity theft. With Bitcoin, you will not experience chargebacks making it impossible for someone to call back a transaction.
• Privacy – since Bitcoin transactions do not require any personal data, none is able to trace your purchase activities online.
• Time-saving – time is of the essence and with bitcoin, you get to conduct instant transfers regardless of the location of the sender or receiver.
• Low transaction costs – Bitcoin transactions do not have intermediaries which means that there are no charges incurred for transfer handling.

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.

Bitcoin the Future of Gambling

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.

 

What is No Deposit Bonus on Bitcoin Casino?

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:

• Ability to get real experience before risking own funds
• Practice specific strategies without the fear of losing your Bitcoin
• Win real money without depositing own Bitcoin

How Deposit and No Deposits Bonuses Work?

No deposit bonuses come in different forms which include:

• Free Cash; which is a small bitcoin amount presented to the newly registered gambler to explore and try out a few games on the casino.
• Free Spins; the Bitcoin casino offers this bonus to play on specified slot games. Using free spins, the player can win real Bitcoin which can be used on other games of choice.
• Free Play; usually consists of free spins to be used within a specified timeframe.
• Cash Backs; provided as a token of appreciation to devoted gamblers that have incurred losses while playing Bitcoin games.

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.

Understand Terms with Wagering Requirements

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.