Bitcoin Casino Bonuses
Many gambling websites nowadays accept Bitcoin and other digital currencies as payment options and some casinos even centre their business model around cryptocurrency. Such gambling websites generally feature deals and offers that are measured in Bitcoin. So before you delve further into Bitcoin gambling, you’ll want to familiarize yourself with these offers and Bitcoin Bonuses.
Types of Bitcoin Bonuses
Bitcoin casinos provide the same bonuses that are generally found at any traditional gambling site but with a twist of getting Crypto. Here are some bonuses one can expect to receive when visiting Bitcoin gambling sites.
Free Spins
Players usually must risk their cash when playing slot games. However, with free spins, you can get a chance to play online slot games without risking losing your own money.
You can keep everything you win with these free spins. All you have to do is meet the terms and conditions before you make a withdrawal.
Deposit Bonus
A deposit bonus generally rewards players with a certain amount of money when they fund their account. For instance, you might get a 100% match worth up to 0.1 Bitcoin the first time you deposit.
Just like with Bitcoin free spins, you have to follow terms and conditions before cashing out. Upon meeting the terms and conditions, you can take out the entire amount you received from the bonus deposit.
No Deposit Bonus
Instead of getting a deposit bonus upon funding their account, some online casinos will simply offer players bonus funds for completing registration. After that, gamblers can grab either free spins or a cash bonus.
VIP Rewards
Bitcoin casinos also have loyalty rewards. You only need to find gambling websites that provide players with VIP plans.
Gambling website rewards programs provide you with the chance to redeem extra rewards on the side of your play. Here are some exciting perks one can expect to receive at Bitcoin casinos:
- Free spins
- Free bets
- Higher deposit limits
- Higher withdrawal limits
- More deposit bonuses
- Cashback
How Do Bitcoin Deals And Offers Work?
The main difference between Bitcoin bonuses and traditional ones is currency conversion. As you may already know, fiat refers to standard currencies such as the US dollar and euro. People that have been gambling online have been using fiat bonuses for quite some time.
On the other hand, Bitcoin offers are expressed in a lower denomination of Bitcoin. Most online gambling websites use millibitcoin as their currency due to being the closest to a dollar or euro.
The problem is millibitcoin is always fluctuating because of Bitcoin’s volatile price.
Today a millibitcoin can be worth $20. Tomorrow, it could be worth $10 or $30. Therefore, you should always have a rough idea of Bitcoin’s current worth so you can monitor your bankroll.
The main thing one needs to understand is how millibitcoin converts to the selected fiat currency. If you, for example, prefer euros and see that a millibitcoin is currently priced at €30, then you know that a 0.1 millibitcoin bet is worth €3.
Taking Advantage Of Bitcoin Bonuses
Here’s a step-by-step guide on how to earn Bitcoin bonuses.
Step 1: Get Bitcoin
You can’t play at a real money Bitcoin casino if you don’t have Bitcoin. Thus, the first step becomes obtaining Bitcoin.
Bitcoin is available at a wide range of exchanges although not all Crypto exchanges accept fiat. Therefore, you’ll need to find a website that allows fiat-for-Bitcoin trades – Coinbase is one great example.
Step 2: Get a Casino wallet address
After obtaining Bitcoin, you’ll need to send it to the online casino of your choice. To do this, you’ll have to visit the respective gambling site’s banking section.
Once here, you select the Bitcoin option to create a wallet address. After that, copy and paste the address since you’ll be using it in the following step.
Step 3: Send funds to the wallet address
Once you have the casino’s wallet address, head back to the exchange where you bought the Bitcoin. There, you’ll need to select the send option and type in the casino’s wallet address. Finally, enter the amount you’d like to deposit and confirm the transaction.
Conclusion
You shouldn’t experience much difficulty moving from traditional to Bitcoin bonuses. The latter includes the same kind of deals, only having different currency units.
Once you are able to make conversions from fiat to millibitcoin, then you’ll be able to enjoy Bitcoin offers. There are various online tools that you can use to make conversions as easy as possible.
