We all love a good old crypto deposit bonus. It gives us more time to play, which means more chances to win, right?
I review crypto casino sites often and I still come across tedious bonus terms and conditions that are hard to understand and hidden somewhere, far in the background of crypto casino sites.
I’m not implying that all bonuses are bad news but it is rather important to know the perks as well as the drawbacks because when you understand exactly how it works, you’ll be able to spot both lucrative and not-so-lucrative bonuses straight away.
First, you need to understand why crypto casinos hand out free crypto to new players. And, the answer is quite simple. The market is competitive and they know too well that when they dangle the largest carrot in front of a player’s nose, chances are good that the player will take them up on their offer.
The truth is, the largest carrot isn’t always the most lucrative because there are a lot of small elements that need to come together to make a crypto welcome bonus a good one.
Let me explain.
1. What is a Crypto Deposit Bonus?
A crypto deposit bonus or a welcome bonus is when a casino offers to match a percentage of your deposit amount. Let me give you an example.
Let’s say the offer looks like this:
Deposit bonus of 100% up to 1 BTC + 10 Free Spins
Wagering Requirements x50
Main account funds will be used before any bonus funds
The minimum deposit is 0.001 BTC
Activated Bonus is available for 7 days
The maximum bet with an active bonus is 0.0003 BTC
This means that if you make a 1 BTC deposit, you will receive an extra 1 BTC + 10 Free Spins and if you make a 0.001 BTC deposit, you will receive an extra 0.001 BTC + 10 Free Spins, and so on and so on.
2. Watch out for the wagering requirements!
Don’t know what wagering requirements are? Let me fill you in.
If you make a 1 BTC deposit and the wagering requirements are x30, your deposit is locked with the bonus you accepted which leaves you with two options:
- You can either complete the wagering requirements, which means you’ll need to play through x30 the bonus amount (from your main balance) before you can withdraw the bonus and the winnings you get from it.
- Or, you have the option to cancel the bonus but then all bonus funds plus the winnings attributed to the bonus will be lost.
So, wagering with both the deposited funds and your bonus money will count towards the wagering requirements.
The wagering requirement of the example bonus is x50, which is exceptionally high. Generally, it is between 30 – 45, and the lower it is the better.
You do sometimes get wager-free bonuses like Winz.io’s Welcome Slots Bonus which gives you up to Wager-Free 300 Free Spins in Aloha King Elvis by BGaming.
There are 3 options to get this bonus:
- 50 free spins for 0.0006 BTC deposit
- 150 free spins for 0.0012 BTC deposit
- 300 free spins for 0.0025 BTC deposit
And the perks of this bonus are quite remarkable:
- All wins paid in cash
- No wagering requirements
- No cap on wins from free spins
3. Make sure the time limits and max bet limits are realistic
Almost always, you’ll see that you’ll need to play through the wagering requirements within a specified timeframe. If you miss this deadline, you lose the bonus.
I would say that the average time to play through the wagering requirements is around 14 days, so again this particular example bonus seems to be unrealistic with a 7-day time limit.
Cloudbet, for example, has a 100% Deposit Bonus up to a massive 5 BTC and you have a total of 60 days to earn all the welcome bonus points needed to release your entire Welcome Bonus which is exceptionally generous.
And, in the Bonus Terms and Conditions, you’ll always see a max bet per spin, the higher, the better, because the higher the chances of winning a substantial sum. VIP Deposit Bonuses generally have higher bet amount limits but on average it should be around 5 – 10 EUR or equivalent in crypto.
4. Don’t miss out on exclusive bonuses
Good crypto casinos work hand in hand with respected affiliate sites, like this one (wink-wink), and often throw in a little extra on top of the standard deposit bonus. This gives you as a player the opportunity to get even more bang for your buck simply by signing up by clicking on the links of the affiliate site.
There are thousands of these sites so I always advise players to shop around to find the best deal but to give you an idea of what to expect, here are some of the exclusive promotions that Bitcoin Casino Kings are currently offering:
100 Free Spins on registration no deposit (code: BCK100FREE). Wagering requirement remains 40x.
No code is needed, simply click on this link to get the exclusive bonus.
The wagering requirement is 30x the bonus money in the first deposit (exclusive). Click here to claim this bonus.
You can thank me later!
5. Game Restrictions
You’ll also find when you play with Crypto Deposit Bonuses, you’ll only be able to play selected games.
BetChain Casino has a First Deposit Bonus of 150% up to 1 BTC + 200 Free spins (Also an Exclusive deal) but the list of games that are not allowed to be played with bonus money is endless.
So, what I’m trying to say is, first check which games you can play with the bonus because if you can only play one slot, and it’s a slot that you really don’t like, it might be better to opt for a different crypto bonus.
As you can see, there are many different components that come together to make a crypto deposit bonus a good one. The wagering requirements should be low, the playthrough time limits must be realistic and you should always shop around to find the best possible deal.
Essentially it’s also important to choose a crypto casino that not only has a fantastic First Deposit Bonus but one that ticks all the boxes. It should offer you fantastic customer support, good banking options, a decent game selection, the following bonuses, promotions, and VIP Club should be lucrative and the overall navigation and user experience must be flawless.
It might sound overwhelming to find a casino that has it all but in actual fact, it’s not. We review crypto casinos constantly and take all these mentioned aspects into account to give you an honest and unbiased opinion of the casino experience.
And, you’re more than welcome to go check it out!