There is a large number of online Bitcoin (BTC) casinos around the world. We have seen how they expanded over the last few years and how they attracted players from different jurisdictions that wanted to enjoy some of the best Bitcoin-related gambling games.
Although crypto casinos have been very popular for their welcome bonuses, nowadays most of them prefer not to offer a first deposit bonus. This is something that analysts consider to be very strange. Indeed, offering a welcome bonus is a great way to attract more players and to beat the competition.
In this guide, we will share with you which are the first deposit bonuses that Bitcoin casinos are currently offering to players. We will also tell you how to check whether the welcome bonus is worth activating or not. Some of them would be more valuable than others, and you should be very careful when analyzing the welcome bonuses that casinos are currently offering.
⭐ Most popular first deposit bonuses
There are several welcome bonuses that Bitcoin casinos are offering to players. This variety of proposals is linked to the large demand that exists from users that want to receive unique bonuses and offers when they start to play at different online crypto casinos.
The next one is a list of some of the most popular first deposit bonuses that you can find at online crypto gambling sites. Although you could find some other bonuses that are more personalized, these are usually the most common ones.
Match bonus
Let’s start with the match bonus welcome offer. This is a very useful welcome bonus as you would get an additional deposit on top of the money that you send to the casino platform. For example, if you decided to send $100 worth of BTC to the gambling site, then the casino could give you an additional $100 worth of BTC to gamble online.
But of course, there are some things to take into consideration. Indeed, there will be some restrictions applied to this deposit and the funds that you will receive from the casino. For example, the match bonus might have some limits. If you deposit $10,000 in BTC the casino might give you a match bonus up to $500, thus, you would only receive $500 on top of your $10,000 deposited.
In this example above, the best thing would be to deposit the maximum amount for which you will receive a 100% bonus. The higher your deposit, the lower the bonus would be compared to the funds you sent to the platform. It would also not be a good idea to deposit a small amount of money (let’s say $10) and activate this bonus. In nominal terms, a $10 reward is not as juicy as a $500 reward.
However, these are not the things that you should know about the match bonus. When you activate it, the bonus might only be available for some games. If that happens, you should make sure to check that the bonus would be available in the games that you like.
Furthermore, some wagering requirements might apply. That means that you would not be able to withdraw your funds until you wager your funds at least some times. In the next sections of this guide, we will tell you which things you should take into account before activating a welcome bonus. If different restrictions are applied, then you might prefer to choose another casino or bonus.
Free spins
Free spins are one of the most common welcome bonuses in the industry. Basically, they let users that register at the casino and that follow some instructions, receive free spins in one or some of the games offered by the casino. You can usually activate this bonus by using a promotion code when making a deposit.
If you are a slots lover, then this could be a great option for you. Spins would let you generate great rewards if you are lucky enough. There are some things to take into consideration if you want to activate this bonus. The first thing that you should know is that you would be rewarded with the cheapest spins possible.
What does it mean? It means that if the slot lets you select different combinations of reels, using free spins you would be able to select the most basic combination possible. This lets the casino avoid a situation in which you win a large reward using the free spins received.
The second thing that is worth mentioning is related to the number of slots that you are able to play with the free spins. Most casinos would give you free spins in just one or two titles. Thus, you would not be able to select the slots that you want to enjoy your free spins in. You would simply have to play the slot games that the casino wants. This is definitely not an ideal situation.
Wagering requirements also apply to free spins. If there is a 20x wagering requirement attached to the funds you win, then you would have to bet twenty times the amount won in order to be able to withdraw it.
Cashback
Cashback is another welcome bonus offered by Bitcoin casino platforms to new players. This is basically a reward that players receive if they lose money. Usually, this reward is calculated as a percentage of the money lost through different bets in the game.
If a 10% cashback applies and you lose $100, then you receive $10 back. Most of the time, the reward is credited to your account after some days, meaning that you should wait until the casino calculates all the losses and gives you these funds back.
Although this is a common welcome bonus, you can also find it as an additional bonus that could be offered at any moment as a special promotion. As it happens with every single bonus received from online Bitcoin casinos, there will be some limits applied to it.
In general, you will have some maximum caps applied to this bonus. If you surpass the losses for which the casino is able to offer you a cashback, then you would not receive this bonus anymore.
Despite that, this could be one of the best bonuses currently offered by online casinos. It is easy to get, you receive it when you lose and it might not have wagering requirements. Make sure that you read the Terms & Conditions (T&Cs) of this specific bonus before you decide to activate it.
If you are a regular casino player, you should then search for these casinos that would let you earn a cashback bonus regularly rather than just when you start playing. This would be the best option as you would likely receive regular cashback from the losses you register while playing your favorite games.
Faucets
Another type of reward that casinos give is called a faucet. Faucets are an innovative way to reward users with bonus prizes when they start playing at the casino. But how do faucets work? In order for them to work, you will have to claim the prize yourself. In general, the casino would give you some cryptocurrencies to play at different games.
Considering that the rewards that they give are very small (sometimes even less than a cent), the casino lets you claim a reward several times a day. This is a very good way to get some no-wagering prizes that would let you improve your experience while playing casino games.
Moreover, if the casino offers VIP levels to loyal players, faucet rewards could become better. If you are a regular casino user and you have advanced through different loyalty levels, then you might have better prizes from the faucet.
There are very positive things about this type of bonus. The first thing that we should mention is that these prizes do not have wagering requirements attached. Although there might be some exceptions, you would be able to withdraw the reward as soon as you get it.
The second thing that we should consider is related to the fact that the rewards get better if you are a loyal player. In this way, you can get very good rewards several times a day. Additionally, this is a great option for crypto players as it rewards users with different coins, depending on the casino and the faucet.
Finally, you can claim the rewards not just once but several times. The negative aspect of these bonuses is connected to the low, and sometimes unusable, reward you receive. Otherwise, this offer could be a great way to stimulate players to continue playing knowing that they will get rewarded if they want.
✅ Checklist before taking a welcome bonus
As you could see from the bonuses that we shared in this post, there are some positive and negative aspects about each of these bonuses. In this section of the article, we will go through a list of things that you should know before activating a Bitcoin casino welcome bonus. It is very important to understand which are the details behind each of these bonuses.
Wagering requirements
First of all, we need to know whether there are wagering requirements or not. This should be the most basic thing to check every single time that a casino offers us something “for free.” Wagering requirements are usually attached to each type of bonus, including match bonuses, free spins, cashback, and many others.
Knowing the wagering requirements is a very important thing as it would give us valuable information about how to plan our gambling strategy at the casino. Usually, when we see that there is a wagering requirement of over x30, then we should consider it unprofitable.
Of course, the wagering requirement is not the only thing that we should look at to accept a welcome bonus or not, but this gives us very clear data about whether the casino is being greedy or not.
We should also carefully analyze RTP rates as this would let us know whether an x30 wagering requirement is profitable or not. The higher the RTP, the higher the chances are that an x30 wagering requirement would be profitable for us and not for the casino.
These wagering requirements have been applied by crypto gambling platforms due to different reasons. One of them is related to the fact that many users were creating accounts to activate the bonus, make some bets, and withdraw all the funds without providing any profit to the casino offering this welcome bonus.
With the wagering requirements, they make sure that there will be no exploitation from users. Although it is forbidden to create two accounts at the same casino platform, many players preferred to take the risk and withdraw the welcome bonus. That’s the reason why we now have wagering requirements for bonuses and welcome offers in most online Bitcoin and crypto casinos around the world.
Maximum winnings cap
In order to avoid unlucky situations, casinos try to establish some limits to the winnings that could be related to a bonus. Let’s say that you have activated a free spin bonus. You were playing the game that the casino offered you and you won a jackpot. Usually, you would not be eligible to win this jackpot if there are maximum winning limits for players.
The casino could only let you win a certain amount of money. This would reduce any massive loss to the casino that could come from bonuses or other types of promotions.
Understanding the restrictions and planning your bets beforehand would let you enjoy a better gaming experience. Moreover, you would be able to use your free spins and other types of bonuses knowing which are your limitations. This is why reading the T&Cs is very important before activating a welcome bonus.
The maximum winning caps could be applied to all types of bonuses and not just to free spins. Thus, you should make sure you know the bonuses you are using and the possibilities that each of them gives you in terms of profits.
Game restriction
Although we have already talked about several restrictions, there are some other things that you need to take into consideration when it comes to first deposit bonuses and welcome offers given by crypto casinos. Most welcome bonuses are usually limited to some games.
You would not be able to use and enjoy your welcome bonus in every game but you would have to stick to the games offered by the casino to wager your bonus. Before activating a bonus, you should check the list of games that the casino is letting you use the bonus.
Casinos would not usually offer you the most popular games for you to wager your bonus. Indeed, they would have just a small selection of slots or games that you would be able to play using your bonus. This is usually something that could make no sense for many users. Which would be the goal of playing a game that is not fun for you?
These game restrictions can sometimes be games that offer few winning opportunities or that have a lower RTP, which would make things more difficult for you if you have to wager your funds many times. The lower the RTP, the lower your chances are of winning in the long run.
Users could exploit the bonuses if they chose games with a very low house edge, which means that the casino has fewer possibilities of winning compared to you if you have to wager your bonus just a few times. Some games like Roulette or Blackjack are usually not included in the list of games that the casino offers you to wager your welcome bonus.
If you like casino games in general, then this restriction might not affect you. However, if there are players that want to play live casino games, this could be a very negative restriction for them.
Max bet limit
Continuing with the restrictions that online casinos impose on welcome bonuses and prizes, there is a maximum bet limit that you would not be able to surpass with the gift that the casino offered you. Although this does not happen with all the bonuses, there will be a maximum bet size for most of them, especially for those bonuses that seem to be more rewarding to the player.
Before you take any welcome bonus at online Bitcoin casinos you must make sure that you check which are the max bet limits. It is clear that bonuses have to be beneficial for users, but casinos take all the measures they are able to avoid exploitation of these bonuses.
As you can see, several online Bitcoin casinos stopped offering these welcome offers as they see no benefit if they do not add these limits that we cover in this guide.
It is worth considering that high roller bonuses might include higher limits for players to bet. Nonetheless, most welcome bonuses are usually activated in slots with lower bet limits. Make sure that you know which are the max bet limits before you start playing the games that the casino offers you. This could have an impact on your gaming strategies and you want to adjust them accordingly.
Timeframes
When activating a bonus, you should know that there is a timeframe that you will have to respect for completing the bonus. You can check this information in the Terms and Conditions related to the bonus offered by the casino.
Bitcoin and traditional online casino platforms tend to include a timeframe in which you will have to clear your bonus, if not, you would not be able to use it anymore. You would indeed not be able to decide when to use the bonus. There is a clear period in which you will have to use the bonus, otherwise, it would get lost.
👍 Which are the best first deposit bonuses?
When you search for a Bitcoin casino and you analyze the welcome offers they promote, you should make sure that they have no wagering requirements and other restrictions attached. The best option would be a welcome bonus that would be paid directly to your account and that would have a few restrictions for you to use on the platform.
Sometimes, there is a possibility to find some free spins that have no wagering requirements attached. They might be a good way to start knowing about the platform and how it works. However, these bonuses are generally not easy to find. That means that it could be difficult to find a good promotion without wagering requirements or other types of restrictions.
Casinos do not tend to give bonuses without wagering requirements or other restrictions attached. In general, these offers can be exploited by users and could cost a lot of money to the casino platform.
Another way to find a good deposit bonus is by carefully analyzing each of the restrictions that the casino applies to the bonus. In some cases, you will find that the games that you want to play are included in the list of games in which you can wager your bonus. Reading all the restrictions would be definitely useful to compare different bonuses at different online Bitcoin casinos.
📢 Conclusion
We have seen in this post how casino platforms tend to impose different restrictions on the welcome bonuses that they offer to users. Most of the time it would be better to play with no bonus rather than activating a very restrictive first deposit bonus. Usually, casinos tend to create huge marketing campaigns around welcome bonuses that have many restrictions attached and that might not be ideal for players.
You should always make sure that you read and understand the Terms and Conditions of the bonuses you want to activate. Furthermore, you can always get in touch with the support service to request additional information about the bonus conditions, they are there to help you with all your needs.