Best Crypto Bonus

Advantages of playing with Crypto over FIAT

Gambling with cryptocurrencies has rapidly grown in popularity. More and more players are leaving their national market to play on crypto casinos. One reason as to why people like crypto casinos is because of the lucrative bonuses and benefits you get as a player. They are known to have great offers. We showcase plenty of examples in our list of the best crypto casinos.

It is no secret that bonuses and rewards are both bigger and better in crypto casinos. Traditional online casinos are getting more and more regulated every day. Several national markets have been stripped entirely of gifting players rewards or offers on deposit. This is where crypto casinos show their importance. They choose their own license, which allows them to reward their players. You as a player can play anywhere, however there might be tax implications depending on where you live. If you are within the EU, you do best by sticking to casinos with gambling licenses from a country within the EU. This will make all your winnings tax-free.

On crypto casinos you can expect to have access to a general cashback system. This is something that is rather rare to see on traditional online casinos, but more common on crypto sites. It works by simply giving back a certain percentage of a players losses to the player. In most cases between 10-20%. This is a big deal for a player, since it writes off a big chunk of the losses and gets added back in cash.

Gambling with Crypto – Four big advantages

1. Decentralization

One of the best advantages with digital cryptocurrencies is the fact that they are decentralized. This means that there is no one with more power than the next person in line. No matter the circumstances. A centralized entity would be the government or your bank in comparison to FIAT currencies. You can maintain your identity and privacy while no one can block or freeze your assets. You can transfer funds without the need of a third party facilitating your payment. After all it is supposed to be your funds, not the bank or government.

2. Transaction Fees

Another unique advantage when playing with cryptocurrencies is that you can forget about transaction costs. The only fee you will ever have to pay in order to send money somewhere, is the blockchain network fee. All the intermediary payment companies are non existent, meaning no extra costs. The network fee while sending bitcoin, regardless of the amount, is $2 at the time of writing.

Many e-commerce companies make money everytime you make a deposit or withdrawal. Fortunately, a blockchain transaction is both cheaper and much safer than the traditional payment methods used. Additionally, the size of the transaction doesn’t matter when using blockchain. If you wanted to, you could make a multimillion dollar transaction with unbeatable security for a single digit fee. This is not even close to being possible with FIAT currencies.

3. Anonymity

Bitcoin and most other cryptocurrencies are pseudonymous. Any personal data is hidden. When using bitcoin, you get a private wallet address made of random letters and numbers. While every transaction is visible to everyone, there is no data to be extracted. Except the amount transferred and the involved addresses. Hence, you can play on your favorite crypto casino without having to disclose any personal information. Of course, you might be required to undergo KYC, but this is rather rare for most crypto casinos. Transactions made on the blockchain will never be recorded on your credit card or bank statement, unless you provide them yourself.

4. Crypto is a global payment solution.

Crypto aim to achieve a worldwide payment system that works on a peer to peer basis. A system for monetary transactions, without the involvement from a bank or a government. No one can print bitcoins as the governments keep printing FIAT currencies. There are only a limited amount of bitcoins. No matter what country you reside in, the rules are the same. Blockchain operates on a global scale. With minimal fees and zero interest of your personal and financial data.

Why are there bigger bonuses and offers on crypto casinos?

You might wonder why crypto casinos have bigger and better offers than traditional online casinos. The answer is quite simple. The crypto market is growing insanely fast and is adopting all over the world. We’ve even seen entire countries declaring Bitcoin as legal tender. Cryptocurrencies have only just begun its journey. Still, both the money and amount of people flowing into the market is absolutely bonkers. As the crypto market flourish, together with the crypto casinos, it is only normal to see generous rewards and bonuses. As mentioned before, bonuses are a means of getting players to visit a site. Naturally crypto casinos establishes a growing community and a good reputation. Because of the amount of both players and money coming through the blockchain, generous offers and rewards are a given. Bigger bonuses has made BTC casinos so popular today.

Different types of crypto casino bonus

If you’ve played online casinos before, you are probably aware of the different types of bonuses available. In this section, we’re going to mention all of the various kinds and their respective rules and functions. It is important to read through the terms and conditions for each bonus you want to use. There can be hidden rules which make the bonus less appealing. Conditions that are difficult to meet. Crypto bonuses however, usually have less wagering requirement. Another good thing is the possibility of a max cashout amount, but more on this later. Let’s start by going over the different types of bonuses out there.

Matching Deposit Bonus

A matching deposit offer is the most common type of crypto casino bonus that you will encounter. It is a match percentage based bonus, meaning the bonus amount depends on your deposit. As an example, you can get offered a 100% matching deposit bonus up to $500. This means that you can get an additional 100% on your deposit, up to a maximum amount of $500.

No-Deposit Bonus

A No-Deposit bonus is probably the most sought after crypto casino bonus on the market. Just like the name hints, it is a bonus where you don’t actually have to make a deposit. Instead, after you’ve created your account, you get credited with bonus cash. You can use this to try the casino. If you manage to complete the wager the money is yours to keep. There is often a max cashout amount affiliated with No-deposit bonuses.

Free Spins

Free Spins is another popular bonus form that online casinos offer their players. Instead of giving you a set amount of cash locked behind wagering requirements, you get free spins. Usually you can find the free spins in a predetermined game by the casino. In a few occasions however, the free bonus is available in several games. There are wagering requirements to free spins, but these apply to the amount you win from your spins. If you were to win $100, your wagering requirement would be ten times bigger than if you were to finish your free rounds with $10.

Wager-free bonuses

Most of the offers you will encounter will have wagering requirements. This locks your bonus balance from withdrawal, until you’ve completed the turnover requirement. Normal requirements are 30-40 times your bonus. You do not have to worry about that when having a wager-free bonus. These bonuses and no-deposit bonuses, are usually the most sought after bonuses a crypto casino can offer.

Reload Bonuses

Reload bonuses are like the extra bonus you get if you want to continue playing. It works in the same way as a matching deposit bonus, but is usually a lot smaller. Instead of getting hundreds of percent extra on your deposit, you might get a 50 or 80 percent top up.

Loyalty Programmes

One of our favourite things about crypto casinos is their generous loyalty rewards. It is common for crypto casinos to give all of their players a decent cashback on their losses. However, the cashback is not the only benefit when playing at a specific casino. Being loyal to a certain site comes with tons of perks, depending on the loyalty program on said site. But it is generally very generous. These new crypto casinos want their players to stick around. Not lose them to the lucrative casino next door. To make them stay, they give their players loyalty rewards.

These rewards come in different shapes, some being level-up systems and others being wagering systems. In the end, it all depends on your wagering when it comes to your loyalty rewards. If you’re a highroller, you can expect some really big payouts from the casino. On some sites you get raw cash as a reward. Others gives you credits which you can use however you’d like, from free spins to bonuses.

Crypto Casino Bonus Requirements and Wagers

One of the most important things before using bonuses and offers on Bitcoin Casino is to read the terms and conditions. The wagering requirement will differ depending on what casino you play on.
The entire thing is recommended to take a look at. Make sure there is no maximum cashout or strange rules you would like to avoid. Let’s take a closer look on how the wagering works.

Wagering Requirement

Wagering requirement is the amount of times you need to wager your bonus before a withdrawal is possible. The requirement is usually 30 or 40 times your bonus, or sometimes both your bonus and deposit. Make sure if the wagering requirement includes both the deposit and the bonus, or only the bonus. This makes a big difference on how much you need to wager. Let’s look at two examples.

100% bonus up to $500 with 40x wagering requirement.

Let’s pretend you deposit $500 to get the full bonus. In this instance you would need to wager 500×40=20,000 in order to be able to withdraw your bonus funds.

100% bonus up to $500 with 40x wagering requirement on both bonus and deposit.

Now you need to wager the full deposit and bonus which is $1000 in total. 1000×40=40,000. Reading the terms and conditions before activating a bonus is very important, as you clearly can see in these examples.