When you deposit cryptocurrency to start playing at a crypto casino, the house adds a certain extra amount to your account. It is a percentage of what you have deposited, starting from 25% to even as high as 200%. This is known as a welcome bonus and is kept in a special bonus account. Players have to first bet their money before moving on to the bonus amount. The advantage here is that winnings from bets made from the bonus amount get credited to their cash account, which the players can withdraw.
There are restrictions on the welcome bonus. All casinos have limits on bonus funds. It is generally 1 Bitcoin, which means that even if you deposit 5 Bitcoins, you will still get 1 Bitcoin. Bonus funds generally have an expiration date and should be used within a stipulated period. Otherwise, the bonus is lost, and your contribution is transferred to the cash account.
Welcome Bonus in Cryptocurrency Casinos
Match Bonus: This is the most common form of Welcome Bonus at crypto casinos. The casino will match your deposit with a similar amount (in case of a 100% bonus) when you open your account, and you start playing with the combined account. While the casino is taking a small amount of financial risk, you have to deposit your contribution first to prove that you are committed to playing at the casino.
Free Spins: Traditionally, new players were attracted to crypto casinos because of attractive match bonuses. This has been given an extra twist by modern crypto casinos. More and more casinos offer free spins at the table – usually 50 – as a welcome bonus. It is a win-win situation for gamblers who use the free spins to play slots without needing to deposit any crypto in their accounts. Once they feel comfortable and pick up the ropes, they can deposit amounts in their accounts.
No deposit bonus in crypto casinos: No deposit bonuses are offered to new account holders at crypto casinos to create a player-friendly environment where they can try out slots and get a feel of the games before putting their money on it. To get the benefits, you have to search for crypto casinos that offer no deposit bonus in the form of free spins. During registration, check out the box offering activation of the no deposit bonus. Before playing, make sure that the free spins have been credited to your account.
What are Bonus Wagering Requirements?
When a player receives a bonus at a crypto casino, there is a condition that he/she must play a certain number of times with the bonus money before a cash withdrawal can be made. This is known as a bonus wagering requirement. If the wagering requirements are not met, the bonus initially granted to you will not be converted into real money that you can withdraw.
What Are KYC Procedures?
KYC is Know Your Customer and represent universally accepted guidelines to verify that customers are really what they say they are. This enables banks and financial institutions to earmark a risk value on them. In crypto casinos, the KYC norms have to be followed before an account can be opened. The process requires collecting all details about a customer’s PII (Personal Identifiable Information), which is in the name, date of birth, and address. These are verified against any government-issued documents like passport, driver’s license, utility bill, and more. KYC is critical at crypto casinos as the ownership of coins cannot be traced on the Blockchain.
What are Mobile Crypto Casinos?
Mobile devices offer entertainment at your fingertips, and gambling at crypto casinos from this handheld gadget on the go anytime from anywhere is like a dream come true. But before downloading a crypto casino site on your mobile, research well and take time off to read several mobile crypto casino reviews and the testimonials of present and past players before selecting one. Ensure that the site accepts all the common cryptos like Bitcoin, Ethereum, Litecoin, and more as a payment method. Additionally, opt for sites that also support credit and debit cards, e-wallets, and bank transfers.
Making a Withdrawal at Your Crypto Casino
To start the process of making a withdrawal at a crypto casino, go to the section “Cashier,” enter the amount to be taken out and click the Withdraw button. You should be ready with the wallet where you want the coins to be deposited. You will be asked to enter the wallet’s public address either in an alphanumeric mode or by scanning a QR code. Once all the parameters are informed, hit Withdraw to proceed with the transaction. The cryptocurrency will show in your wallet within a few minutes only at minimal charges.
Crypto casinos are the rage today. They can be either an exclusive one accepting only cryptos or traditional casinos accepting other types of deposits also. Fast transaction times, negligible fees, and players’ anonymity are the hallmarks of crypto casinos. However, get more details on the various bitcoin casino list, to choose one among them, and explore it wisely to gain huge rewards.