Cryptocurrency Casino Bonuses Explained: How Crypto Gambling Promotions Really Work (and Where the Traps Are)

Gambling with cryptocurrency is not something new these days, at least not anymore; a couple of years ago, it was still exotic in casino games, let alone video games. Today, this phenomenon is more common, payment methods are more flexible and convenient, and gaming platforms or gambling sites make it easier for crypto players to join. 

Online gambling is also more popular; the industry keeps developing at an extremely fast rate, and not only technologically or in terms of visuals. Everything gets better: data safety and protection, legal licensing from jurisdictions willing to regulate, games, and, of course, promotions. Promotions and bonuses are sometimes so irresistible that players want to give it a try, and those curious about gambling with their crypto coins can do so on the platforms that accept payments in crypto. 

In this post, we would like to explain specifically how bonuses for cryptocurrency work at online casinos. There are many hidden drawbacks and potential issues that should be taken into consideration, and here we expose them all. 

Why Is There Even a Bonus? 

What does a gambling platform get from offering free spins, or bonus chips, or bonus cash? Well, there is no mystery behind it: bonuses are marketing tools, and sites that research their marketing opportunities choose to entice their potential customers by giving them gifts at the very start. 

The key here, of course, is to play at reliable, licensed sites, and, secondly, to choose promotions worth your while. Bonuses are tricky; they require a deeper understanding, but when a player manages to assess what is offered and what they can get, analyzing bonuses becomes easier. 

Now, the point of getting a bonus is receiving additional resources from the casino site – bonus cash or spins in slot games – and using these resources to increase the chances of winning. Whenever the player manages to follow all the bonus rules and still win, they will walk away with cash in their pockets (or coins, for that matter). 

The catch for the casinos is that if the player is lucky and takes a cryptocurrency bonus, the site will have to pay a fat win. The direct consequence is that cryptocurrency bonuses are still comparatively rare, as few casino sites can afford to pay out the wins from them. Other sites tend to apply really strict, limiting rules, making the benefit of the bonus almost invisible. 

However, for all fans of a good game, it is crucial to be aware of what a bonus is in reality, how it works, and what to expect of it, so that one can make informed choices, take informed risks, and avoid offers that are not worth their time. 

Reward for Joining: No Deposit Bonuses

One of the rarest crypto bonus types is a no-deposit bonus. It does not require any initial investment from the player; the only condition is to join the platform and create an account. Basically, the site rewards its new users with a bonus just for joining. 

Only a handful of sites can afford such promotions, so they apply many limits (explained below). No deposit bonuses can be bonus cash, but usually they are free spins; if you choose cryptocurrency as your preferred currency/payment method, you will receive your winnings in coins. 

Such promos are also called “sign-up bonuses”. 

Cryptocurrency Welcome Packages

The main difference between sign-up bonuses (or no deposit bonuses, which are normally the same event) and welcome bonuses or packages is that welcome packages are usually deposit-based. This is where crypto gamblers can expect some benefits. 

When you make a deposit in crypto and claim a bonus, or a set of consequent bonuses called a package, the bonus cash and the eventual winnings also come in the cryptocurrency of your choice. If you are lucky and follow all the tricky rules, it is possible to enjoy some nice payouts. However, nothing is guaranteed; gambling in coins only improves the potential benefit, but does not improve the chances. The game math works equally for everyone. 

Welcome bonuses are normally free cash and free spins offered in a single bundle. When more than one bonus is available, it becomes a package. 

Rules To Follow

On the surface, most promotions look easy, but in reality, they are far from it; casinos apply complicated rules and mechanisms to protect themselves from bankruptcy, bonus hunting, fraud, or players using strategies. Without knowledge of these rules, no player is immune to losing their bonus and the associated winnings, so it is crucial to consider the following things: 

• Often, gambling platforms have many bonuses. To avoid confusion, they require players to use bonus codes. The codes are available on the casino platform or on sites like CasinosHunter. Players should keep an eye on relevant codes all the time. 
• Sign-up and welcome bonuses are only available once in a lifetime for each player. Deleting your existing account and opening a new one just to claim the same promotions for the second time will result in the casino blocking the account altogether. 
• Bonuses cannot be added; a sign-up offer cannot be used together with a welcome bonus, and bonuses within the welcome package cannot be used two or three at a time. 
• All bonuses have deadlines; they are not available indefinitely. It is important to use the bonus while it is valid. If it expires, it expires together with the wins associated with it. 

Gambling with cryptocurrency is beneficial in many ways; such players withdraw their winnings within 24 to 48 hours, while other customers have to wait for days. Claiming bonuses, crypto gamblers can win more. However, bonus rules are complicated and versatile, so only attentive and cautious players can take advantage of these offers.