No Deposit Bonus
Bitcoin casinos don’t differ from standard, non-Bitcoin online casinos in terms of bonuses, as Bitcoin casinos too offer a multitude of bonus and promo offers, both to new and existing players. In fact, in many cases, Bitcoin casinos offer more lucrative and more favourable bonuses than the casinos that don’t accept Bitcoins.
The No Deposit Bonus is one of the most popular and most favourable Bitcoin casino bonuses and while not all casinos offer it, players really love it, as it gives them the chance to start playing real money games, without actually having to risk any of their funds, or for that matter, without even having to make a deposit to their casino account.
How No Deposit Bonuses Work
The No Deposit Bonus, as the name clearly suggests, comes with no requirement for the player to make a deposit and is usually awarded after the player has registered, often immediately, or shortly afterwards.
If a Bitcoin casino is offering such a bonus, make sure that you check your eligibility, i.e. whether you belong to the group of players that are entitled to claim the bonus. This bonus is offered to new players, so if you already have a casino account, you probably won’t be able to claim the bonus.
Next you need to check, whether the bonus is available to players that come from your country of residence. Some Bitcoin casinos award the bonus automatically to all players who are eligible, whereas other operators might require players to opt in, either via email, live chat, or by selecting the option once they register.
Check your account to see if the bonus amount is there and if it is, you can start using it. Some Bitcoin casinos tie the bonus to a specific game or games, or only allow you to use it on a certain type of games (slots), so make sure that you are using the bonus on the appropriate games.
No Deposit Bonus Terms and Conditions
The No Deposit Bonus can be awarded either as an amount of money that is available to the player, or a as a number of free spins that can be used on selected slot games. Regardless of the type of the No Deposit Bonus, it is always awarded under certain terms and conditions which have to be met if the player wishes to be able to withdraw bonus winnings.
Firstly, there’s always a timeframe in which you need to use your bonus and if you fail to do so, the remainder of the bonus amount will be annulled. Then, in many cases there is a maximum winnings limit, which means that even if you manage to win more than the set amount, you will not be able to withdraw over the limit.
Even though the bonus is awarded even before you make your first deposit, and you are able to use it without having to make a deposit first, you will still be required to make a deposit and make real money wagers with funds that you have deposited, before you are allowed to withdraw your No Deposit Bonus winnings.
The bonus usually carries a wagering requirement, which has to be completed before the bonus winnings can be withdrawn. The wagering requirement can be expressed as the number of times that a player will have to wager through the bonus amount, but it can also be tied to the winnings, i.e. the number of times that the player will need to wager through the winnings amount, before they can be permitted to withdraw the winnings.
If the No Deposit Bonus is expressed as an amount of money the requirements usually refer to the bonus amount, whereas if it is a free spins bonus, the requirement is usually linked to the winnings. The wagering requirement has to be completed within a particular period of time and if you fail to complete it, then the bonus amount will be voided and you won’t be able to withdraw your winnings, so always check the wagering requirements and be sure that you will be able to complete it within the given timeframe.
Another thing that should be considered is the fact that not all games have equal contribution towards the requirement. Bitcoin casinos always provide a table where you can see the exact percentages. If it says that a game contributes 100%, that means that if you place wagers in the amount of 0.01 BTC on that game, then the full amount will be counted towards the requirement, and if it says that the game has a 10% contribution, then from a 0.01 BTC wager, only 0.001 BTC will be counted towards the requirement. While most slot games usually have a 100% contribution, games like Roulette and Blackjack contribute less, often as little as 10%.
Bitcoin and Fiat Currency No Deposit Bonuses
Another thing that you should always consider when claiming a No Deposit Bonus at a Bitcoin casino is whether the bonus amount is awarded in Bitcoins or in another currency. Some casinos might only offer the bonus in standard currencies, but you might be able to claim the bonus even if you intend to make a Bitcoin deposit. Only bear in mind that, in that case, all amounts associated with the bonus, like the wagering requirement and the maximum winnings amount will be expressed in traditional currency.
Bitcoin exclusive operators always awarded their bonuses in Bitcoins, and some hybrid casinos offer both options, where the player has the chance to choose whether they wish to claim a Bitcoin bonus, or a fiat currency bonus. In those cases the bonus amount is usually calculated by the casino and the amount is fixed, it doesn’t depend on the daily fluctuations of the Bitcoin prize.
Always keep in mind that when you’re claiming a Bitcoin No Deposit Bonus, the awarded amount is important, but is not the only important factor. Always check the terms and conditions, especially the wagering requirements, as you might claim a bonus, but not be able to withdraw your winnings you are able to complete the requirement within the given time.