Bitcoin is a relatively new mode of gambling that is based on the digital platform. This cryptocurrency was developed by Satoshi Nakamoto and can be used in the purchase of goods and services similar to actual cash. Even though it was only recently introduced, BTC has quickly gained popularity with thousands of people across the globe. The currency is acquired by either provision as a mode of payment, purchase from one of the numerous sites engaged in its sale, or by mining. The former two are the easiest, with the latter requiring a lot of expertise and complex mining applications.
The casino industry has been known to quickly adapt products and practices that will make the gaming experience much easier for their gamers. Therefore, it came as no surprise that Bitcoin was quickly introduced in the business not long after it was launched. This was especially facilitated by the fact that the exchange of BTC is not controlled by any entity such as banks or credit card companies. The owner of the Bitcoin wallet gets to act as their own bank. This eliminates the disadvantage of being subject to restrictions and hefty fees. Additionally, BTC is the same all across the globe; hence, the exchange of currency, which demands some charges, does not apply to this cryptocurrency.
Bitcoin casinos are no different from regular money casinos. The only difference comes in the currency that is used. Some casinos may include the option for BTC deposits and withdrawals in their list of cashier options, while others a created for the sole purpose of serving cryptocurrency users. Payments using BTC can be conducted by either sending the desired deposit directly from the BTC wallet to the casino account or by sending a QR code, which will be scanned by the casino and processed.
The same case has been witnessed when it comes to bonus and promotion offers. Bitcoin bonus offers entail the same composition as that of rewards given in regular money casinos. Some of the top bonuses that gamers are bound to meet in BTC casinos include:
- Welcome package
Bitcoin casinos are not big in giving rewards for just signing up with a casino as is the case with thousands of regular gambling destinations. Most of them will require a financial commitment before one is presented with rewards. However, there are some that have adopted the practice of offering a no deposit bonus. Like in cash casinos, most BTC gambling sites will offer the welcome package in the form of a match promotion. Therefore, if the gamer deposits point five Bitcoin in a casino that offers a two hundred percent match, they will receive a reward of one BTC. This will leave them with one point five BTC to gamble with. Some casinos will have the offer set at a specific BTC amount. The reward given is not affected by the amount of BTC the gamer deposits into their account. This offer can only be claimed by new gamblers.
Some of the gambling destinations that have lucrative bitcoin welcome offers include:
- Bitcoin Casino – one hundred and fifty percent match of up to one BTC
- Mbit Casino – two hundred percent match of up to point zero Bitcoin
- Bit Casino – One hundred and fifteen match promo of up to one Bitcoin
- 7Bit Casino – One hundred percent match promo that can go as high as point seven five Bitcoin. Seventy-five freebies are offered in the package
- Oshi Casino – one hundred percent match reward that can go as high as two BTC, with two hundred free spins attached.Some of these rewards require the use of bonus codes to be accessed.Therefore, gamblers should ensure they look around for the codes to enjoy the bonuses.
- Reload bonus
Unlike the welcome bonus that is limited to new clientele only, the reload bonus is meant for existing gamers. Even so, it does share some similarities with the deposit bonus in that it awards in the form of a match promotion. All the gamer has to do is make the deposit and have their money matched. The bonus can be accompanied by free spins as is the case with the welcome bonus.
- Loyalty bonus
Most industries do their best to recognize clients that have stuck by them for a long time, and BTC gambling destinations were quick to adopt the practice. The casino keeps tabs on how loyal one is with the help of loyalty points. These points are earned every time a gamer deposits with the casino or places wagers. The system used will depend on the gaming site. The points accumulated can be used to exchange for free play, BTC, or moving up the VIP system. One thing is for sure with these points; they come with higher placement in the tier system of a casino.
- High spenders club
Casinos have been known to offer the best of services to gamers who spend a lot of money in their establishments, and BTC casinos have joined in this culture. Labeled the VIP club in most casinos, these clubs come with offerings that lie anywhere between ten percent to one hundred and twenty-five percent match promotions. One could also get a personal account manager and personalized promos.
In Brief
These bonuses come with wagering terms attached to them. Therefore, players are highly advised to peruse through them to ensure they are up for claiming the bonus.