Why do BTC Casino Bonuses Matter?
We have already noted that bonuses play an important role for players and casinos alike. Compared to traditional casinos, Bitcoin casinos are not an old thing. Yes, the first one appeared in 2011 but it is only several years since this trend has shown an upward trend in the cryptocurrency gambling industry. Because of that, the number of players in traditional online casinos is more. To attract more players, BTC casinos try their best to come up with original bonuses, not existing in traditional casinos. Even such ones are present, they are offered in larger amounts, and the additional money you will get from a BTC bonus is bigger. Even though we already mentioned bonuses, we need to emphasise that even further, so here is a list of the most common bonus types you will encounter:
No Deposit Bonus
No deposit bonuses even though they are rare compared to traditional deposit bonuses, can still be found in BTC casinos. Playing without making a deposit and being able to withdraw the winnings is real. No deposit bonuses of casinos allow such a scenario. And many operators are ready to offer such promotions. The process is simple on Bitcoin online gambling sites. You just sign up and get money into the account. In most cases, verification is important – either by email or mobile phone.
However, such offers are much less than traditional deposit bonuses. The original “capital” for the game you get from no deposit bonuses is difficult to name, as the amount is generally small and varies from casino to casino. This bonus should become a test bonus so that the player can feel how the casino works and decide to stay or not. However, some players manage to turn this small money into good wins. But not everyone is lucky, of course. And money from a no deposit bonus often disappears quickly, without bringing tangible payments.
No deposit bonuses in most Bitcoin casinos have wagering requirements. Even after you win some money it is necessary to wager them several times. Wagering requirements are individual.
Deposit Bonus
On BTC gambling sites, you will most frequently encounter this type of bonus, sometimes offered as a welcome bonus. Compared to no deposit bonuses it is highly likely that this bonus will be available in most online casinos. This type of bonus is granted as a percentage of the amount credited by the player – the first, often, and next ones. In most cases, the standard deposit bonus is 100% of the amount, but there are also options in 50% and 200%. However, these funds cannot be withdrawn for nothing.
Only after the player meets the wagering requirements, can he withdraw money from casinos. The wagering requirement is individual for every online casino and is calculated as the number of times you need to put a bonus. The average wagering requirement ranges between 20-50. One of the most interesting aspects of deposit bonuses on Bitcoin casino sites is that they frequently come with free spins. For example, if a casino offers a deposit bonus on your first three deposits you can also receive various amounts of free spins. This bonus is only available for players who have never played in a casino they are registering for.
Free Spins
Free spins in crypto casinos are another type of bonus, given by registering on a casino. The player is given free spins he can use, without betting real money. This also limits the number of games that are covered by this type of bonus. This type of bonus can be awarded through no deposit bonus, that is, immediately after registration you are given 10-20 free spins, and after entering the promo code. Also, when you make the first deposit, besides additional money you are awarded free spins.
The free spins bonus offered on a real Bitcoin casino differs from the usual in that it is given to the player, not in money. This is nothing more than being able to make multiple bets in certain games without spending money on your deposit. The conditions for wagering the winnings for this bonus are also available and in complexity, they are about the same level as for the usual bonuses. However, with a proper approach to free spins bonus, you can win and withdraw a decent amount of money.
It is also a good idea to get information about wagering requirements in advance so that you can fully know under what conditions you are eligible for withdrawing the money.
The Best Cryptos used in Online Casino
By choosing a casino that offers diverse payment methods, players move from traditional currencies to cryptocurrency over time. It should also be noted that even in cryptocurrency gambling coins there are differences. In the world, there are thousands of cryptocurrencies in circulation. Of course, not all of them are used by online casinos. Some of them only support 4 or 5 major cryptos, while others have wider possibilities. It should be noted that while the basic concepts of major cryptocurrencies remain the same, including anonymity and transaction speeds, some differences can make one crypto better over the other.
BTC
We do not even have to mention but BTC is without a doubt the most sought-after crypto by online casinos. We can say that Bitcoin is the simplest digital currency because a lot of information is available to them. Bitcoin is also #1 in terms of affordability in an online casino, although it has the potential to better meet the needs of players.
With gambling using Bitcoin, almost every principle of digital currency – personal safety, anonymity speed of transactions is ensured.
The price of Bitcoin changes rapidly. It only shows a surging trend and there are no signs of slowing down making it an excellent tool for investment. Considering Bitcoin’s volatility, it is possible to earn a lot of money.
ETH
Ethereum is perhaps Bitcoin’s biggest competitor. There have been frequent comparisons between them, and people sometimes find it difficult to determine which one is the best. In speed, Ethereum can be considered faster than its counterpart. According to statistics transactions with Ethereum are faster than Bitcoin and withdrawals happen rapidly as well. Ethereum has more tokens than Bitcoins, and it is probably the best version of the blockchain.
Compared to Bitcoin, which is just a coin, Ethereum can seem more valuable due to its whole blockchain system that can be used to develop software and applications. One of the best crypto gambling sites uses this crypto.
LTC
Litecoin is a Bitcoin-like cryptocurrency, but it differs in its superior speed and affordability. The creator of Litecoin is Charlie Lee, who used to work as a software developer in Google before starting this project. Litecoin has much more bandwidth, meaning it can process more orders at much higher speeds (due to the faster time of block creation) while transaction processing speeds are only 1/1000 Litecoin. Almost all casinos support Litecoin. It is usually not a preferred method when people start gambling on crypto casinos but considering its advantages, it is still widely used by players.
What is more, like Bitcoin Litecoin is also a very volatile currency and can change rapidly.
BCH
Bitcoin Cash was created in 2017 as a result of the forking of BTC, and its goal is to increase the capacity of an individual block, thereby accelerating the speed of transactions. In cryptocurrency online casino operators, it is used actively. The core values are the same. “Saving blocks of 32MB instead of blocks of 8MB” are pretty much identical, including the limit of 21 million tokens. There are a few small problems with large block sizes, and there are other problems that need to be solved but none of it prevents BCH from being active on the market.
Sometimes people mess up Bitcoin and Bitcoin Cash with each other but these two are completely different currencies. The price is different, as well as other features. For gambling, it is used frequently – especially in table games.
Same Applies to BTC Betting
We can say the same about betting with Bitcoins. Cryptocurrency is really popular when it comes to placing bets on different types of sports and eSports.
Sports
On BTC bookmakers’ websites, almost every sport – from soccer to less popular ones is available for betting. Crypto bookies try their maximum to diversify their line of betting as much as possible by offering various sports.
The selection of betting options is also vast. In simple terms there is no big difference between crypto and regular betting, except the fact that in the former players use cryptocurrencies for betting.
The most popular sport for betting is soccer and then there are other ones such as basketball, football, tennis.
Odds are not hugely different from the ones offered in traditional sportsbooks. In addition, there are bonuses that can grant players a large sum of money. Besides pre-match betting, almost all crypto bookmakers offer live betting. That is placing bets during a match.
eSports
In recent years eSports discipline has shown an incredible surge in online sportsbooks. The discipline where teams of professional players compete against each other is incredibly attractive and crypto bookmakers started accepting bets on matches and tournaments.
We should also note that these games are skill-based ones, which means that nothing can influence the outcome of the game. Players must rely on their skills completely to beat their rivals.
When in sports different factors such as injuries, weather, home, and away matches play a pivotal role, in esports these barriers are eliminated. eSports include the following games: CS:GO, Dota 2, Starcraft, League of Legends.
Like in sports betting, principles remain the same and the only difference is the possibility of betting with cryptocurrencies. eSports matches are extremely exciting ones. Players can place crypto bets on maps, handicap, particular players, number of kills.
Perks of Gambling with Bitcoin
People are fond of Bitcoin gambling because of the advantages this cryptocurrency offers. Bitcoin is suitable for online gambling for many reasons.
- The first thing is privacy. You can keep your identity a secret as you are gambling for Bitcoins. Players around the world can play games, regardless of whether their countries oppose gambling.
- Speed is another important factor. The introduction and withdrawal of BTC are instantaneous because there are no intermediaries in the transactions. Everything happens between sender and receiver.
- The commission fee is low or absent in Bitcoin gambling. The transaction fee is so low that the operator often decides to cover it for you.
- Promotions in BTC gambling are more attractive than in traditional ones. Sometimes they offer better conditions for wagering.
- Security is also something to pay attention to. It is widely known that BTC cannot be hacked. If you are careful with your Bitcoin wallet and do not disclose personal information to everyone there is nothing to worry about.
Provably Fair
Modern online BTC casinos are increasingly using the Provably Fair method, or the principle of provable honesty, in games with unpredictable results. On the best Bitcoin gambling sites, games such as roulette, online lotteries, and dice should be played without outside interference. The Provably Fair method is capable of providing this. It also allows players to check how honest the draw was. Although the method itself has emerged relatively recently, it is based on long known and proven encryption principles. At the same time, this method of confirming the transparency of games became possible only after the advent of cryptocurrencies and, as a result, Bitcoin casinos.
The principle of the Provably Fair allows you to randomize your bet and check its fairness. Before you place a bet, make it with a certain number (known as “client seed”) that the casino cannot predict. Before you bet, you can also get a hash of an array of “server seed” bytes. Therefore, after you place a bet, the casino sends you the result of the bet and the array of ‘server seed’ bytes. If the casino with Bitcoin has introduced you to all the algorithms, you can now check your bet using “client seed” and “server seed” numbers to calculate the result of the bet and hash “server seed” yourself and compare them with the result of the casino bet and with the hash sent to you by the casino before the bet. When the results and hashes of “server seed” coincide with the casino, you can be sure that the bet has been proven as fair. This might be harder to understand but overall, this system ensures the fairness of the casino games.
Fast Transactions
Bitcoin as well as other cryptos are preferred currencies because transactions are fast and happen almost instantaneously. When players are dealing with fiat currencies like USD, EUR, they usually require 2-3 working days to proceed with withdrawals. There are security checks and final confirmation from a bank, which is individual for every location. And players who want to withdraw their winnings as soon as possible are not fond of waiting.
With Bitcoin casinos, these “restrictions” are eliminated. Almost every transaction needs no more time than an hour. According to statistics, some transactions were carried out in minutes. This is a unique trait of cryptocurrency. Ethereum for example is even faster than Bitcoin. If the amount you are withdrawing from an online BTC casino is large, then it may be executed more quickly. As for deposits, you will not see any significant difference. Both currencies ensure that the deposited money appears on your account in no time.
One of the main reasons why most players are choosing Bitcoin gambling over traditional one is the speed of transactions. They are not required to wait for a long time and the desired funds appear on credit cards without hindrance.
Extra Gains
Bitcoin is a volatile currency. It means the value of the world’s largest cryptocurrency changes all the time, which is perfect for people gambling with cryptocurrency. One day its value is $20,000 and the next day it can become – $50,000. Since 2017 Bitcoin has shown an upward trend and shows no signs of slowing – making it an excellent tool for investment. Imagine a situation where you have deposited a certain amount of cryptocurrency on your account.
Even without playing and waiting for some time, the value of Bitcoin could go up meaning that you have already benefited just by doing nothing. But if you are an active player you can double up your winnings and receive great rewards. Some BTC slots have higher betting requirements than the standard ones and if you are lucky you can clinch massive amounts of money and perhaps – jackpot. Guess you won 5 BTC 10 years ago from a bingo game. How much would you have now? Every win can lead to extra profits because the BTC price always changes and using cryptocurrency for gambling can guarantee real benefits.
Complete Anonymity
In most countries, gambling is not legal. Therefore, players are looking for alternate possibilities to start gambling. Bitcoin is a perfect possibility for that. It ensures user’s safety and security, as well as anonymity. When you are registering on traditional casinos, usually they require sensitive information, such as your age, full name, date of birth, ID. It is needed so that these casinos could have information about you in case something happens. Sometimes it becomes irritating and annoying for players – knowing that your information is disclosed to a casino. You can remain anonymous by using different services, but just creating a working account on a BTC casino is enough to ensure everything is safe.
With Bitcoin everything is different. It is a decentralized currency. There is no authority, government, or central bank that would have some control over it. Best cryptocurrency gambling sites operate on a decentralized blockchain where value transfers from one node to the next. Transactions with cryptocurrencies are completely anonymous and safe. You do not have to worry about your personal information. The only thing that you need is a crypto address that does not contain data about your identity. It is a mix of letters and numbers, which is unique for every person. Transactions happen between the sender and a casino. Bitcoin casinos avoid all issues that are connected to privacy. You do not need to indicate your real name or address. Players can remain anonymous in BTC casinos, making sure that no one will find out about their identity.
Overall, there is frequently no registration or personal information required to sign up on Bitcoin casinos, which is a big plus for those who want to keep this information to themselves. Thus it is another big advantage of a BTC casino over a traditional counterpart. You can enjoy maximum privacy with online gambling Bitcoin.
Blockchain and Its Superior Safety
The key feature of blockchain is decentralization. The advantage of a decentralized system is that all information is stored on multiple computers at the same time and once the data has been added to the blocks, it can no longer be changed. All participating entities (nods) of the blockchain chain are equal data holders, respectively, transactions are carried out between them directly. The gambling platforms connected to the blockchain have clear control over all financial transactions, including records of all games and bets, their results and amounts of winnings, as well as the introduction and withdrawal of funds. Players can always access the transaction history to confirm that the system paid everything it was supposed to pay and that the result of the game was not rigged. Since it is impossible to fake data, players can be sure that they will not be deceived.
Top new Bitcoin gambling sites can use the blockchain completely or partially. For example, some casinos conduct transactions using cryptocurrency, while others apply the technology only to gaming slots. In any case, it significantly affects the level of trust of the audience and the number of visits to the resource. The main characteristics of blockchain technology include unchangeability. The blocks where information about all transactions on the network is entered cannot be changed. The system allows you to anonymously record user actions and game results and no one will be able to edit or delete the database. It also provides anonymous access to game resources.
Blockchain-based casinos guarantee their customers that their personal information will not be shared with third parties. The transaction is fast and Blockchain casinos have a faster transaction confirmation time.
With blockchain commission fees are low. Users note a low commission for deposit and withdrawal of funds. In some cases, commissions are completely absent from Bitcoin gambling sites – they pay for it. Such advantages make the work of the game resource as safe and secure as possible from all kinds of outside interference. The technology guarantees a high level of reliability and ensures the transparency of the system thanks to an open database. But when talking about crypto casinos featuring blockchain, it is always worth reading reviews and more information.
This information will help you choose only reliable and honest casinos and will also give several consistent tips for starting the game.
Thus, we can say that blockchain-based casinos guarantee maximum security and other advantages to players.
Brief Guide for Depositing with Cryptos on Casinos
Depositing with cryptos on casinos sometimes seems complicated for players, but there is nothing to worry about. Replenishing your account with Bitcoin or any other cryptocurrency is simple. You just need to understand that deposits, as well as withdrawals, are straightforward on online casinos.
We will talk about it in our Bitcoin gambling guide.
As soon as you choose a website, where you want to start playing you should have 3 things: a working account, personal wallet, and casino hot wallet. The Bitcoin wallet is perhaps the most important one. It is something where you store your funds and serves as a bank account the only difference being that you use it for keeping cryptocurrencies.
Personal Wallet
Without a personal crypto wallet, it is impossible to make a deposit. The wallet is needed to keep the keys that keep our access to the money. Physically, all Bitcoins are still online. They are assigned keys that ensure that the funds are solely yours. Not any cryptocurrency can be saved in any wallet. Due to the differences in technology, individual currencies require special wallets, which is important to pay attention to. If you send cryptocurrency to a wallet that is not designed to store it, you may lose it. However, some wallets support different currencies for crypto casino sites.
There are two types of wallets: hot and cold. The cold wallet works autonomously: it is cut off from the network, guarantees security, is not “afraid” of hacker attacks, and can be suitable for large volumes. A hot wallet is connected to the Internet. It can be on your PC, smartphone, browser and therefore be available with any device. It is like a banking app.
A hot wallet gives you more convenience to use, but you risk losing money. Therefore, technically cold wallets are better in terms of pure safety. It should also be noted that the exchange is not a wallet, it is a crypto bank, an intermediary that gives a deposit cell, but it has a key to it. So, you should be careful. It is also worth remembering that players should not try to transfer cryptocurrency to addresses in another blockchain. When you check the list of Bitcoin gambling sites you will find out about wallets in more detail. Bitcoins should not be transferred to an address belonging to Ethereum. You will lose them and as we are talking about cryptocurrencies there is no way to revert them.
Casino Hot Wallet
Unlike cold wallets, which work autonomously and allow you to store cryptocurrency without access to the Internet, a hot wallet is a permanent Internet address. The constant connection provides good security and communication with the server for rapid transactions with the cryptocurrency. Thanks to the technology of the hot wallet, you can store funds in special services, or turn to cryptocurrency exchanges, access to accounts of which are also provided through the Internet. This type of wallet is less protected than cold storage, but has several advantages:
♦ You can operate with your means from anywhere in the world, you only need access to the Internet and a device to enter the wallet.
♦ Hot wallets for online crypto casinos do not require a long-term adjustment, and thanks to the constant exchange of data with the server, payment transactions are made in seconds, it is only necessary to authorize the system.
♦ Often cold wallets are designed only for a certain type of cryptocurrency, which forces a person to start several stores for different units. Hot wallets are deprived of this disadvantage because online services allow you to create several accounts on which the funds will be located.
♦ Every casino will make a wallet for the user. It is usually a hot wallet tied to their platform or tied to a crypto exchange they have partnered with. Not all wallets can contain every coin, so you should make sure that the one you want is available.
A license is like a pillar for online BTC casinos. Even though we have cases of online casinos that do not have licenses but operate without problems, having a huge base of players, still the license remains a pivotal factor to prove reliability and safety. Licenses are usually issued by the Gaming Authority of Curacao. This is by far the most renowned and acclaimed regulator in the online gambling industry equally enjoying popularity in BTC casinos as well.
Does not matter whether it is an online casino, bank, gaming website – design is the first thing that comes to mind and attracts our attention when we visit a website. And when it comes to Bitcoin gambling sites this aspect should be thoroughly examined. Every casino should have its unique brand, and that is shown through its design. If a casino does not put effort into making its website look good, then it is unclear how they will put effort into making your stay positive.
User experience is another important factor while assessing the best Bitcoin online casinos. BTC casino should be user-friendly and navigating around it should create no problems. A website and its games should load quickly without further hindrances. Players are not fond of waiting when they visit online casinos and when the waiting time exceeds 2-3 seconds you will likely lose a customer. The Sign-Up button should be visible, and it is usually located at the top right corner of a website. The registration process itself should be completely free of unnecessary details and simple as possible.
When we talk about online casinos – does not matter traditional or BTC ones – bonuses are essential. Not only do they attract new players but retain existing ones as well. If you are not given some kind of gift for giving a casino the benefit of the doubt, then why bother signing up at all? The more generous and rich bonuses you are offered from a casino’s side – the happier you are. Nowadays there is massive competition in the online gambling industry and offering unique bonuses is something that can guarantee a considerable flow of customers to your casino.
Alongside a rich bonus policy, the next thing is customer support. Whenever you have an issue, the casino must have a very responsive support team that can resolve that issue within a few minutes. Usually in the best crypto gambling sites support is available 24/7 meaning that you can contact them at any time. Typically, you can contact a casino’s administration through different channels which are: live chat, mobile phone, and e-mail.
We have mentioned bonuses and how they help get and retain old and new players respectively. But there is an even more interesting program known as the loyalty program. This is also known as a VIP program created for those, who are playing regularly on BTC casinos. Sometimes it is amazingly easy to become a part of this club. Every registered player automatically becomes a member of a loyalty program and based on his playing history is offered various bonuses and promotions. It only depends on a particular player what he will get in the long run.
Compared to regular casinos, transaction times with cryptocurrencies are notably decreased. While there is no big difference in deposits – you will most likely have the same result, as they appear on your account instantly, things are not the same for withdrawals. When you withdraw money from your account with fiat currencies, they can take up to several working days, before going through security checks in banks and being finally approved.
As technology has evolved, the ability to deposit/withdraw money quickly and safely has become a priority for many people. Players want the money they win in online casinos to be withdrawn rapidly and without complications. Make sure your card is supported by the casino before you sign up for it. Digital wallets and new currencies revolutionized money, and casinos had to adapt to trends to meet the needs of their players.
