Crypto bonuses are a great way for those who have never tried an online crypto casino to familiarise themselves with how it works without risking too much of their own capital. For more experienced crypto gamblers, it is a way to leverage their bankroll while evaluating the offering.
As a general rule, crypto casino bonuses are variations and combinations of three things:
- a trigger,
- a reward, and
- a set of rules on how the reward can be used.
Let us demonstrate with one of the most common bonus types, the matched crypto deposit bonus.
A crypto bonus example
A matched deposit bonus forms the basis of more or less every welcome bonus at crypto casinos. A "welcome bonus" is simply the term for a bonus package given to new players. The crypto casino wants you to start playing and to incentivise that they will offer a deposit bonus.
The casino operator will match your first (second, and even third) deposit to some degree. The reward amount will be expressed as a percentage, where 100% means you will be matched 1 to 1. 200%, 1 to 2, and so forth.
- Example: A matched deposit bonus expressed as
200% up to 2 BTC can net you 3 BTC to play for. One deposited by you and two matched by the casino. Your deposit triggers the reward (up to 2 BTC).
Let us deposit 1 bitcoin, get 2 bitcoins, and withdraw it!
Not so fast!
Sorry, a crypto welcome bonus is not a free money glitch. Most welcome casino bonuses will come with something called a wagering requirement.
This will state how many times you need to wager your reward (and sometimes even the deposit), which games you are allowed to play, and within what time frame. When the wagering requirement has been fulfilled, the crypto reward is yours to do with as you please.