The Welcome Bonus is the most commonly offered type of bonus offered by Bitcoin casinos, as well as other online casinos. It is hard to find a casino that doesn’t offer a welcome bonus, but there are differences in the types of welcome bonuses, as well as the specific terms and conditions offered by particular casinos.
Bitcoin casinos often offer more lucrative and more favourable welcome bonuses compared to other online casinos, both in terms of the bonus amounts that are awarded, but also in terms of the conditions under which the bonuses are issued. There are certain things that you should be aware of when claiming a welcome bonus.
Most Common Type of Bonus
First and foremost, welcome bonuses are only offered to new players, who haven’t previously been registered with the casino, hence the word ‘welcome’. If you already have a casino account, you won’t be able to claim a welcome bonus, even if you haven’t claimed one before. Most Bitcoin casinos put a timeframe during which all new players are supposed to claim the bonus.
When it comes to claiming the bonus, there are several approaches. Some Bitcoin casinos award the welcome bonus automatically to all players who register a new account, while other casinos require players to opt in if they want to claim the bonus. The opt-in can be done via email, via a special bonus code, or by selecting the bonus option on registration or at the first deposit. In the cases where the bonus is awarded automatically, players can opt out by contacting customer support.
In short, you need to be aware of the specific technical aspects of each Bitcoin casino welcome bonus before you decide to claim it, in order to avoid controversy, or unnecessary problems and misunderstandings.
Bitcoin Welcome Deposit Bonuses
In most cases, the Bitcoin welcome bonus is a deposit bonus, i.e. a bonus which matches the player’s first deposit, or in some cases the first few deposits. So, if a Bitcoin casino states that the welcome bonus is a 100% match bonus up to 2 BTC on the first deposit, it means that with an initial deposit of 2 BTC, you will receive two additional Bitcoins from the casino and the total amount that you will be able to play with will amount to 4 BTC.
Some Bitcoin casinos offer deposit bonuses on more than one deposit. That can include the first two deposits, the first three, or sometimes even more. The deposit bonuses may have different match percentages, and for example, the first deposit bonus might include a 100% bonus, while the second can be a 50% match bonus. So, if you make a 2 BTC deposit when the match percentage is 50%, you will receive one additional Bitcoin.
Sometimes the specific terms and conditions for each deposit bonus may vary, so make sure to read the small print before claiming a bonus.
Welcome Bonus Packages
Certain Bitcoin casinos offer welcome bonus packages which include other bonuses in addition to the deposit bonus. So for example, in some cases, a No Deposit bonus might be considered to be part of the package, whereas in other cases Free Spins might be included. And while a no deposit bonus is awarded before the player gets to make the first deposit, the free spins are usually awarded after the first deposit, together with the deposit bonus.
In the cases where the free spins are part of the bonus package, the specific terms and conditions of the free spins bonus may differ from the deposit bonus terms and conditions. The free spins might be divided into instalments, where a specific number of free spins is awarded daily, in the first several days following the initial deposit.
Wagering Requirements and Other Terms
Deposit bonuses in most cases come with wagering requirements, which represent the amount of money that a player has to wager before it is possible to withdraw the bonus-generated winnings. The amount is usually expressed in x(times) the bonus amount, or in some cases x(times)bonus+ deposit amount.
Bear in mind that when there are multiple deposit bonuses you will need to complete the requirement for each bonus before being able to withdraw the winnings from that particular bonus. If the bonus is 0.1 BTC (100% match) and the wagering requirement is 20 times the bonus plus deposit amount, it means that you will need to wager through an amount 20 times 0.2 BTC – 4 BTC.
Bitcoin casinos set a period during which the player has to use the bonus and also a period in which the player is required to meet the requirement. This can be the same timeframe, but often the time during which you must meet the requirement is longer than the frame in which you are supposed to use the bonus.
The wagering requirement might look a tad complicated if you are new to Bitcoin casino bonuses. Once you calculate the full amount based on the wagering requirement, you should start making wagers in order to complete the requirement. However, bear in mind that not all games have an equal contribution towards the requirement. This is what seems a bit complicated.
If it says that a game contributes 100%, it means that every millibitcoin wagered on that game will be calculated towards the requirement. So, if you need to wager a total of 4 BTC and you have wagered 0.2 BTC on a game with a 100% contribution, it means that you will need to wager additional 3.8 BTC in order to complete the requirement. However, if the contribution is less than 100%, it means that only a fraction of what you wager will be calculated towards the requirement. The percentage might be as low as 5%, and certain games carry no contribution, so it makes no sense to play them until you complete the requirement.
Free Spins Bonuses
The free spins also carry a wagering requirement, so you will need to take that into consideration if the casino offers a free spins bonus. Free spins bonuses might also include a maximum winnings amount, which means that any amount above the maximum cannot be withdrawn, even if you do manage to win more than the maximum. When it comes to the wagering requirement, it may be a number of times you will need to wager through the winnings, or the total value of the awarded free spins.
Free spins bonuses might be tied to a specific game, or group of games, which means that you will only be able to use the free spins bonus on the selected games, and not on other available slot games. As for the game contribution, the table provided by the operator where the contribution percentages for different games and game types are given also applies to free spins bonuses.
Whether the welcome bonus package is paid out in Bitcoins, or in another currency is very important. It is always better to claim a bonus that is paid out in Bitcoins, because then you wouldn’t have to worry about the conversion rates and whether or not you will be able to withdraw your winnings in Bitcoins.