Bitcoin casinos are the hottest trend in the world of online gambling and they are gradually taking over the online gambling industry for a good reason. The bitcoin casino popularity is boosted by innovative games and numerous available bitcoin welcome bonuses offered to players. Bitcoin casino bonuses consist of monetary rewards given by the bitcoin casinos to their customers. This will help the customers achieve various milestones and up their games.
Virtually every casino out there offers one form of bonus or another. This is especially so with cryptocurrency casinos such as BTC casinos. One of such bonuses is the Bitcoin welcome bonus, which is meant to encourage more users to sign up with the casino, since such bonuses are usually huge. On this page you will find the best welcome bonuses and in addition to that, we will go through a typical welcome bonus, what it means and how you could get one.
Here is our list of the top Bitcoin casino welcome bonuses.
Bitcoin casino bonuses and welcome offers are incentives offered by bitcoin casinos to players. It’s almost impossible to find a bitcoin casino that doesn’t offer any sort of bonus. One of the most popular forms of these bonuses is the bitcoin welcome bonus.
A Bitcoin welcome bonus is the bonus given to players who just join a casino. Casinos are usually very generous with this bonus as it is the best way of enticing players and getting them to stick with the casino. This bonus very often (but not exclusively) comes in the form of a doubling bonus or a 100% match on the first deposit made by the player. This means that if you deposit 0.5 BTC, it will be doubled and your account balance will show 1 BTC. Some casinos even go the extra length to offer bitcoin welcome bonuses that will double your first deposit as well as subsequent deposits up to the fourth deposit, adding bigger bonus money to your account. There are bitcoin promo codes for all gambling sites including sportsbooks, poker rooms and casino games.
Bitcoin welcome bonuses are strictly for new players that just signed up with a Bitcoin casino that offers such incentives. To be awarded the bonus, the new player just has to sign up with the casino. In some casinos, there might be activation codes that are associated with the bonus.
Furthermore, in big cryptocurrency casinos that offer many games, these bonuses are restricted for use in the following way:
Welcome bonuses are designed to expire in big casinos since it is expected that the players start using them as soon as possible. Some casinos demand that the bonus is used up within days. This makes sense, since they would ordinarily want the player to get a feel of how things are run and blend in with their own funds.
As expected, the welcome bonus is “free money”, but you and I are aware that there are no businesses that give away all that money and still stay in business. So it makes sense that casinos try to protect their interest even while offering bonuses such as the welcome bonus.
It wouldn’t make sense for such bonuses to be available for say an outside roulette bet which gives the player a massive 50% odds. This is why many Bitcoin casinos restrict the use of the bonus to games such as slots. They also put a cap to the maximum amount that could be won by a player betting with the bonus fund.
There are some Bitcoin casinos that tend to restrict the activation of the welcome bonus until the awardee has made their first deposit. Even with that, not all the bonus is released to the player at once. Welcome bonuses are usually released in batches over several days or weeks, depending on the Bitcoin casino.
Could you imagine a casino awarding a BTC bonus to every player that signs up? As if that’s not enough, the players also can use the funds to prospectively win more awards betting on games on the site. That would make the casino bankrupt. So casinos put a cap on the amount that could be won with funds from the welcome bonus. Knowing this is important, so that you set realistic expectations while signing up for a BTC welcome bonus from a casino.
Rarely would you come across a casino that releases all the bonuses at once to the player, this is especially so with the welcome bonus. They are basically tied to the player’s commitment to the casino. When they make a deposit, a part of the welcome bonus is released. This is why most casinos distribute this bonus in phases, such as the first deposit welcome bonus, second deposit welcome bonus and so on…
Depending on the terms of the casino, the welcome bonus may be awarded immediately after signing up or after the first deposit has been made by the player.
What is applicable to nearly all Bitcoin casinos is that the player should never withdraw their deposit after they’ve been awarded the welcome bonus. Doing this would result in the loss of the welcome bonus.
Also, after making deposits, the player’s own funds sit side by side with the bonus. When the player starts wagering, the player’s own funds are first used up before the bonus fund from the casino.
Bitcoin welcome bonus creates a win-win situation for all parties involved. The casino benefits because it is able to attract more gambling enthusiasts to their platform, while the players could test the platform without making use of their own money.
There is the tendency to believe that this is a fund that could be withdrawn or spent with no strings attached. That’s not tenable. In reality, the welcome bonus, like many other bonuses and free spins offered by Bitcoin casinos are time tied. That means that it is expected that the player utilizes them within a specified period, otherwise, they expire. Also, they may need the player to make deposits before they are unlocked.
Yeah, all these bitcoin welcome bonuses are massive, aren’t they? But… How easy can you actually withdraw them at the online casinos? In case you are wondering if it’s possible to just deposit your BTC and make a withdrawal right after receiving the bonus, we have to disappoint you. If getting free money was that easy, everybody would do it – it’s not that easy, unfortunately.
In order to withdraw winnings resulting from bonuses at any bitcoin casino, you will have to fulfill some conditions and requirements. These conditions, which we will describe below.
Every deposit bonus comes with a ‘wagering requirement’. This wagering requirement is also known as ‘rollover’. This means that to withdraw your bonuses and winnings made through them, you need to wager a particular sum of money. This money is normally in multiple folds of the bonus and your total deposit.
For example, if you make a deposit of 5 mBTC at a casino and that casino offers a 100% deposit bonus and a wagering requirement of 40 times – another 5mBTC will be added to the first 5 mBTC deposit as a result of the 100% deposit bonus and you will be required to wager (5+5) x40, which equals 400 mBTC. Wager the 400 mBTC to have to be eligible for withdrawing winnings made with bonus cash. If you don’t wager at least 400 mBTC, you won’t be able to withdraw your winnings.
As always, bitcoin welcome bonuses are a great way to get the ball rolling at your favorite casinos but the first deposits and wager are a crucial part of these bonuses.
Do not neglect the terms and conditions of bonuses as well as the T&C’s of the respective casino. This way, you get all the information you need to wager successfully at the casino. This also ensures that you don’t put unnecessary limits on your withdrawal amounts. Deposit bonuses don’t usually have limits to the amounts players can win. But, the casino can place maximum withdrawal limits on the no deposit bonus and the free spins. Also, some games may not count towards fulfilling wagering requirements, which is why it is always a good idea to carefully read the terms and conditions of any bonus and casino.
As soon as you receive your welcome bonus, the casino will require you to fulfill the wagering requirements within a certain time frame. We advise you to take note of the terms and conditions and to consciously take note of the time limit, which usually goes from one week all the way up to a month.
Here are some of the top and most popular casinos with Bitcoin welcome bonuses.
Cloudbet offers its new customers a lucrative bitcoin welcome bonus. This casino gives a 100% match bonus up to 5 BTC on every first deposit made by new players. However, the casino does not give this bonus instantly to players, it is released at the rate of 0.01 BTC for every 800 loyalty points earned by the player when wagering at the sportsbook or at the casino. You are also required to earn all the loyalty points within 365 days or else you won’t be able to redeem the bonus. The advantage of this is that you don’t need to comply with any wagering requirements.
mBit Casino is one of the most popular destinations for bitcoin players and one of the reasons for that is the welcome bonus for new players. If you sign up and make a deposit, mBit Casino will match it up to 1 BTC and most importantly, you will get a 110% match instead of a 100%. In addition to that, your second & third deposit will earn you 50% and 25% of up to 1 BTC each. The cash bonuses and free spins offered by the casino have a wagering requirement of at least 40 times.
BetChain is quite unique with its bonuses. Your bitcoin welcome bonus comes with 50 free spins and an initial 100% bonus up to 1 BTC but this is not where it ends. There is another welcome bonus known as a high roller bonus, which gives you a 75% bonus up to 4 BTC on your deposit of 2 BTC or more. You are also entitled to a second deposit bonus of 50% up to 0.5 BTC. BetChain also offers over 40 free spins to its customers on Fridays without requiring the customers to deposit any money, provided players fund their accounts at least once in three months.