Online casinos offering cryptocurrencies as deposit and withdrawal options have become increasingly popular in recent times. Users cite the anonymous nature of these currencies, decidedly low transaction fees and favourable exchange rates. However, one common question involves how traditional casino bonuses translate into the crypto community. The best way to address this issue is to take a look at some of the most well-known rewards programmes as well as what each can offer the individual player. It will then be much easier to choose the appropriate gaming platform.
Free Registration Rewards
Casinos are keen to attract new players in order to increase their digital “clout” and one effective method involves what what is commonly referred to as a no-deposit bonus. No deposit bonus casinos offer new members free credits or funds that are placed within their accounts. These can then be used when accessing specific games (stated in the terms and conditions). In reference to cryptocurrencies, the funds will translate into common options such as Bitcoin, Ethereum or Tether (to name but a few).
Matched Deposit Rewards
Somewhat similar to the no-deposit packages mentioned above, matched deposit rewards aim to literally match the amount placed into a new account up to a specific threshold. For instance, let us imagine that the minimum required to validate a player account is 0.05 BTC. In this case, the casino itself will match these funds. The end result is that the player is provided with funds equivalent to 0.1 BTC. Note that there are always minimum and maximum limits associated with matched deposit rewards. These may also vary in accordance with the cryptocurrency in question.
In-Game Bonuses
These are equally as valid whether referring to crypto-powered accounts or players who use traditional fiat currencies. In-game rewards are commonly represented as free spins (such as when interacting with a game of slots) or credits that can be used when accessing other platforms. In-game bonuses are great ways to increase profit margins without changing the inherent levels of risk. Once again, it is always prudent to read the terms and conditions. Most rewards of this type are limited in regard to how they can be used. They may also be associated with additional stipulations such as the amount wagered or multipliers.
As we can see, there are essentially no differences between cryptocurrency bonuses and those offered to traditional player accounts. It is nonetheless wise to mention one final point. The majority of these offers will expire within a specified period of time (normally one month). If they are not activated during this grace period, they are automatically forfeited.
Crypto casinos are predicted to become the “next big thing” in terms of online gaming. As the popularity of these transactions continues to grow, we should expect even more establishments to provide such options. Always perform, a fair amount of research in advance in order to select the best platform as well as to appreciate what types of cryptocurrencies are supported. A surprising number of rewards await!