Crypto Bonuses Explained
Claiming the best crypto casino bonus for your needs is not about finding the biggest numerical value and going all-in without first checking what the promotion entails. We will delve into the various types of crypto bonuses and how game selection and promo terms and conditions need to shape your decision-making process.
Types of Crypto Casino Bonuses
When choosing the ideal crypto bonuses, it is essential to understand how you like to gamble online and which type of bonus best serves your needs.
Here are the eight types of crypto bonuses you will encounter most often online:
- No Deposit Bonus: When the casino rewards a new player with a crypto bonus with no other requirement than having opened a first-time player account. These comps tend to be small and come with withdrawal caps.
- Deposit Match Bonus: The casino will match your deposit at a casino with a predetermined percentage. For example, new players can get a 100% match offer on their first deposit, effectively doubling their bankroll.
- Free Spins: Some crypto casinos will award players free spins on one or more of their online slots with no deposit required to claim the offer. There can be a deposit requirement when withdrawing your winnings.
- High Roller Bonuses: These are bonuses with far higher than average deposit requirements. They can come with lower wagering requirements and faster withdrawal processing.
- Rakeback Bonuses: This is when a crypto casino returns a percentage of your losses to your bank balance. While most crypto casinos offer this type of bonus, the best rakeback value is found at Stake Casino and Duelbits Casino.
- Welcome Bonuses: These crypto offers are unique to new players at a casino and can comprise one or more of the bonuses in this list.
- Retention Bonuses: The offers are available to all players at a casino and include tournaments, birthday bonuses, and offers in the VIP program.
Another popular way to boost your bankroll is to participate in the growing number of developer-funded prize-pool giveaways. While these are not typical casino bonuses, you do stand to win your share of high-value prize pools by playing the host software developers' games.
Pro Tip: For more information on the different types of casino bonuses, how they work, and how to best use them, check out our Bonuses Guides section.
Crypto Bonus Wagering Requirements
While some casinos offer no wagering bonuses, they are scarce. Most crypto casino bonuses will ask that you play through the offer 30x-50x, depending on the casino.
At CasinoWow, we recommend looking out for two essential playthrough requirements. First, do not accept a promotion that asks you to wager more than 40x the bonus; 35x or less is preferred. Secondly, check whether the wagering is required on only the bonus amount or the sum of your deposit and bonus, as this can massively decrease your chance of cashing out.
For example, for a $100 BTC promotional offer with a 35x wagering requirement, you must place cumulative wagers to the value of $3,500 before you can withdraw your winnings. However, should you also have to cover a $100 deposit, your playthrough requirement doubles to $7,000 before you can withdraw.
Exclusive CasinoWow Crypto Offers
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