Bitcoin Casino Bonus
The gambling industry has been on the upsurge since the inception of online casinos in the mid-1990s. In recent years, blockchain technology and smart contracts have led to the introduction of Bitcoin casinos in the gambling industry. Unlike traditional online casinos, a crypto casino offers users the option of transacting using cryptocurrency.
The most innovative online gambling platforms today are anonymous Bitcoin casinos that allow online casino players to gamble without creating an account. Since their introduction, no-account Bitcoin casino sites have gained immense popularity in the gambling industry due to benefits like unique deposit bonuses, fast transactions, privacy, and security.
The best Bitcoin casinos understand how to keep their players coming for more action. For instance, they welcome new patrons with unique sign-up offers after creating an account and offer existing customers daily, weekly, and monthly promotions. Since a crypto bonus may be the difference between the success and foreclosure of a bitcoin gambling site, online casinos compete amongst themselves in offering customers the most appealing deposit bonuses and promotions.
This guide helps players understand how Bitcoin casino bonuses work, their types, the rules for withdrawing the bonus winnings, and their pros and cons.
What Is a Bitcoin Casino Bonus?
A Bitcoin casino bonus refers to the rewards a player receives from an online casino after using the casino services. A bonus may be offered after creating a gambling account - welcome bonuses, a registration bonus and deposit bonuses or after becoming a loyal customer.
Some of the most common Bitcoin bonuses and promotions at the best crypto casinos include a deposit bonus (first deposit bonus, second deposit bonus, etc.), Bitcoin casino free spins, exclusive bonuses for VIP players, reload bonuses, a match bonus, and more. All these promotions help players boost their bankroll while giving them more game time. When claiming these deposit bonuses, some casinos may require you to use bonus codes while others may not.
All Bitcoin casino bonuses are unique depending on individual casino sites and the user's activities. In most cases, Bitcoin casinos require players to make a minimum deposit before claiming their promotions. These deposit bonuses are subject to rules like wagering requirements and winning limits. That means you must risk the money a specific number of times set by the gambling platform before you are eligible to withdraw your winnings.
Dexsport Bonuses Vs. Bitcoin Casino Bonuses
Though Dexsport does not offer regular casino bonuses, our platform has a lot of things to offer which are more valuable than free spins or reload bonuses. For now, give us a moment to tell you about Dexsport shortly..
Dexsport is a Web3 betting protocol, an innovative project dedicated to changing how users think about betting. It prides itself as the first decentralized crypto betting platform with unique features like play-to-earn betting, eSports betting, traditional betting, multichain games, peer-to-peer betting on crypto rates, and a native token called DESU. This DeFi betting protocol runs on BNBChain, a blockchain network that uses smart contracts to enable interoperability and programmability on Binance Chain.
Users rely on this platform's liquidity pool to access services like sports betting, NFT collecting, peer-to-peer prediction on cryptocurrency rates, and receiving their winnings via the blockchain network. The decentralized betting model ensures that players' funds are immediately disbursed after a win.
Moreover, Dexsport liquidity pool allows players to pile their assets for faster transactions. Furthermore, the platform comes with web 3.0 wallets that ensure wallet holders can perform their Bitcoin transactions without following KYC (know your customer) process. Notably, Dexsport ranks at 1744 according to CoinMarketCap, with a live market cap of $381,411. It comes with a total supply of 1 billion DESU coins and a circulating supply of 67,958,667.47 DESU.
With Dexsport, concerns plaguing your run-of-the-mill crypto casinos will be a thing of the past. The platform has state-of-the-art security protocols that inhibit hacking, losing control of funds, and extended payment periods. The web 3 betting protocol is keen to ensure that crypto gambling becomes more straightforward for users without third-party involvement. Moreover, it guarantees user privacy as most crypto transactions are done anonymously. Let's take an in-depth look at some of the significant features to expect from Dexsport.
This feature allows users to place bets on sporting events around the globe by connecting their decentralized wallets in two clicks. The platform offers bettors multichain Bitcoin games with a 100% payout guarantee. The best part is that these payments are almost instantaneous, and all players can play the Bitcoin games comfortably. Getting started on sports betting at Dexsport is a straightforward process involving three simple steps, as illustrated below.
- Connect your Metamask wallet
- Deposit a cryptocurrency supported by Dexsport's liquidity pool
- Enjoy your betting adventure
Peer-to-peer betting is a sports prediction model that allows players to create their own bets and gamble among themselves. That means, punters don”t have to rely on the odds established by Dexsport. In essence, Dexsport users create and post these bets for other players to accept or reject.
Play-to-Earn (P2E) Games Betting
The play-to-earn feature from Dexsport provides users an unparalleled opportunity to earn money by playing blockchain games. Dexsport accepts bets in all formats regardless of the crypto you are using. P2E betting is a new concept developed by Dexsport to allow players' interaction on the platform. The best part is that the P2E betting model is suitable for experienced and new casino players looking for the thrill and excitement of blockchain games.
This feature allows users to bet on upcoming events. Mostly, it comes in a binary format of yes or no. If a user's prediction comes true, Dexsport pays their winnings instantly.
Social Dexsport Price Estimates
This feature lets users place their price estimates for the upcoming six months and see what fellow users think about them. The data is then displayed based on user input assembled by CoinMarketCap. The cut-off for monthly estimates is done on the 21st day of each month.
In addition to these features, the web 3 decentralized betting protocol offers unique bonuses and promotions that users can claim and enjoy anonymously. Below are more perks to expect from Dexsport.
Transparent and Secure Transactions
Since Dexsport is a decentralized betting protocol that runs on smart contracts, third parties are not involved during payments. This translates to faster transactions that are not available in other Bitcoin casinos.
Besides, linking your betting account directly to your Bitcoin wallet allows you to monitor your transactions whenever you want.
Airdrop is the go-to marketing strategy for any new crypto project in the crypto space. The marketing strategy involves distributing tokens across users' crypto wallets to create awareness. Usually, the tokens are given for free in a bid to help the new project solidify its place in the cryptocurrency industry. Presently, Dexsport is giving 500 USDT to 500 random participants. Each lucky participant will walk away with 1 USDT. Below is the procedure to follow for you to be eligible for Dexsport airdrop promotion.
- Go to the Dexsport giveaway page
- Enter all the required details and confirm
- Complete the required social tasks to gain entries
- Refer friends to earn extra entries
- Wait and see if you will be among the 500 lucky participants who will get 1 USDT each
Dexsport launched $DESU as their native token on November 18, 2021. Users can trade their tokens on Kanga Exchange and Pancake Swap. Being a DESU token holder comes with the following bonuses and privileges
- Lotteries: A 0.5% bonus percentage of Dexsport's liquidity pool is shared among users on a monthly basis. Here, members receive lottery tickets depending on their level on the Dexsport platform.
- Play Rewards: The platform also offers monthly cash back bonuses, depending on your betting volume. Usually, Dexsport requires players to reach a set number of bets to claim these rewards.
- Community Rewards: Becoming a DESU token holder guarantees users the eligibility to get into competitions such as IDOs and giveaways from Dexsport and its partners. Some of the rewards given include NTFS and sports teams' merchandise.
- Governance: Dexsport allows DESU token holders to vote on how the platform should be developed and managed. This helps them in managing their affairs and finances at Dexsport protocol, which is not common in many Bitcoin betting platforms
With all the features and numerous bonuses mentioned above, it is safe to say that Dexsport has outdone almost every Bitcoin casino site in the gaming industry. More importantly, users don't have to worry about country restrictions when playing at Dexsport because the decentralized platform is available globally.
Types of Bitcoin Casino Bonuses
Bonuses are an integral part of all Bitcoin and crypto casinos. With online gambling becoming more rampant in the past, these promotions are vital in ensuring that players never cease to enjoy the services offered by online gambling sites.
It is worth noting that money is subject to specific rules, such as the rollover requirement before users can withdraw their winnings. These terms and conditions are unique to individual casinos. Therefore, ensure you read bonus requirements before claiming it to avoid disappointments when withdrawing the bonus winnings. With that in mind, let's review the most common Bitcoin casino bonuses.
Most Bitcoin casino operators offer welcome bonuses to their new patrons. They go a long way in warranting a steady inflow of new customers into online casinos while keeping the existing ones. The welcome bonus varies from one Bitcoin casino to the other, so it is advisable to compare different deposit bonuses to choose the best. Getting a welcome crypto casino bonus is straightforward, as illustrated below.
- Visit the casino's webpage.
- Select the 'Join Now' or 'Sign-up' option.
- Fill in all the necessary fields provided by the site, including name, email, zip code, etc.
- Provide a bonus code if one is available.
- Log into your account and enjoy the welcome bonus.
Note that you skip all this process by playing at a no-account casino.
Typically, deposit bonuses are offered to players who already have accounts with various Bitcoin casinos. To qualify for the promotions, the user must deposit a minimum qualifying deposit set by the online casino. In most cases, this promotion comes in the form of a mutch up where players receive the bonus percentage set by the casino.
In most crypto casinos, the deposit bonus comes in stages. For instance, some offer a first deposit bonus, second deposit bonus, and so on.
Depending on the crypto casino you are playing at, you may or may not be required to provide a Bitcoin bonus code when claiming this bonus.
Usually, reload bonuses are offered to existing customers who have made initial deposits and have been playing regularly at a Bitcoin casino site. The bonus is like an exclusive bonus to reward the most loyal and active members of crypto casino sites. However, some casinos offer reload bonuses to new customers - just check this moment at a Bitcoin casino review.
Like any other Bitcoin bonus available in online casinos, the reload bonus comes with specific terms and conditions, including wagering requirements, bonus percentage, withdrawal limits, and the set casino games to which the bonus can be used. Before claiming a reload bonus, users should carefully read and understand the terms and conditions attached to it to ensure they are eligible to withdraw the bonus winnings. Usually, the reload bonus is ideal for gamblers who play for several hours a week without the need for a quick cash out because it gives them a chance to maximize their winnings.
Free spins are a standard bonus for almost every crypto casino today. Free spins may be offered as a welcome package or a no deposit bonus. Similarly, any money won using free spins isn't available for cash out before meeting wagering requirements.
As the name suggests, free spins are 'free.' In most cases, the casino provides specific slot games in which the bonus can be used. For example, if a Bitcoin casino offers 100 free spins, you must use all of them on a specific game.
The perks mentioned above are some of the primary bonuses. Some Bitcoin casinos go a step further to offer other perks such as referral bonuses, high roller bonuses, payment method bonuses, loyalty programs, complimentary points, and others.
Rules to Withdraw a Bitcoin Casino Bonus
Below are some of the rules players must adhere to while reading the Terms and Conditions or Bitcoin casino reviews before they can withdraw a crypto casino bonus
Wagering requirements refer to the number of times users must risk their Bitcoin online casino bonus before they can cash out the bonus winnings. For example, a Bitcoin bonus with a wagering requirement of 20X means a user is supposed to risk the money 20 times before withdrawing it and the subsequent winnings. The wagering requirements come with additional terms and conditions in many Bitcoin gambling sites, as explained below.
- Time limits: Most Bitcoin casinos give their users between 7 to 9 days to meet the wagering requirements of their deposit bonuses and other best Bitcoin casino bonuses. If this time elapses without the user meeting the wagering requirements, the casino may nullify the bonus award plus the current winnings.
- Minimum odds: Most crypto casinos usually set a limit on their odds to ensure they maintain sufficient balance for the platform to keep running. However, some platforms allow customers to use the bonus money on progressive jackpots which guarantee huge payouts.
- Only winnings paid: In some instances, the casino may only pay the bonus winnings and withhold the initial bonus money.
- Winning limits: Some casinos cap the amount one can win from a bonus to prevent the house from incurring huge losses. However, these platforms ensure their customers enjoy quality games like video slots with these deposit bonuses. Some of the best variants you can play with bonus money at an online casino include Book of Dead, Starburst, Immortal Romance, and Thunderstruck II.
Most licensed online casinos (with Curacao or Malta Gaming Authority) require their user's to verify their casino accounts before withdrawing bonus winnings. One of the most critical Bitcoin casinos' legal requirements is the KYC process used to verify users' identities. This goes a long way in curbing all the vices associated with gambling, including underage gambling, compulsive gambling, money laundering, and fraud.
Depending on the platform you are playing at, you might be required to verify your casino account during registration or when withdrawing your funds. All this is achieved by scanning copies of IDs, utility bill payments, and copies of debit/credit card statements. However, the KYC process poses fraud and theft risks when giving your details. Players can minimize such risks by gambling at no-registration casinos that do not require them to provide their details.
Most online gambling platforms limit the amount of money one can withdraw the best Bitcoin casino bonus into their accounts in a single transaction. Depending on the casino you are playing at, you may be allowed to withdraw your casino bonus winnings on a daily, weekly, or monthly basis. These limits can be limited to the withdrawable bonus amount and the time it takes for the player to perform a single transaction. To ensure you enjoy a smooth gambling experience, always know the minimum and maximum withdrawal limits of the casino you are playing at.
Additional Bonus Rules
Most Bitcoin casinos do not allow players to claim more than one bonus at a time. For instance, if you want to claim a promotion meant for live dealer games, you cannot claim free deposit spins. Failure to follow this rule can lead to the ban of your account or denial of bonus money.
Moreover, some casinos require you to use specific payment methods when claiming their bonus offers. However, online crypto casinos, especially those relying entirely on cryptocurrency payments, do not set withdrawal limits or payment methods to use for a particular bonus.
Advantages and Disadvantages of a Bitcoin Casino Bonus
Lower Transaction fees
Unlike fiat payment methods, cryptocurrency transactions charge relatively lower fees. The best part is that decentralized betting platforms like Dexsport guarantee instant payments after meeting the wagering requirements.
Secure and Transparent Transactions
DeFi transactions rely on blockchain technology, an immutable public ledger that doesn't reveal your transaction details, eliminating the risks of theft and hacking. In the case of Dexsport, the web3 platform customers use public keys, hash functions, and secret keys, which make it hard for unauthorized individuals to tamper with your bonus payments.
Unlike centralized betting platforms that take longer to process bonuses, decentralized betting platforms take a shorter period to disburse bonus winnings to users' accounts. For instance, Dexsport offers the best crypto gambling experience since it guarantees near-instant payouts and allows users to keep track of their transactions.
P2P Betting Model
Most crypto casinos in the casino industry offer the peer-to-peer gambling model. This allows players to bet against themselves for a small fee. More importantly, the model ensures players interact within the platform, which boosts their gambling experience.
Making profits is one of the main reasons gamblers visit online casino sites. However, this is not always the case because not all casinos offer appealing bonuses in terms of amount and wagering requirements. Therefore, it's crucial for players to understand the terms and conditions attached to each Bitcoin bonus to ensure they make the most out of it.
Not Subjected to Taxation and Inflation
Unlike fiat currencies, cryptocurrencies like Bitcoin aren't governed by any central bodies. The decentralized nature of Bitcoin makes it hard for the government to tax its winnings. This is because Bitcoin is not regarded as a legal tender but as a form of investment in many countries.
Geographical Location Limitations
Despite the benefits of crypto advancements, some countries have outlawed the use of virtual currencies within their jurisdictions. As such, crypto casino players in such countries cannot enjoy the benefits offered by Bitcoin casinos
Volatility Poses a High Risk of Losing Money
Bitcoin is a volatile investment that can see you gain or lose money within a short period. For instance, one may make the required minimum deposit when prices are high, only to get disappointed once the prices fall. That means the player will not get the expected bonus winnings. However, one can avoid such risks by using a stablecoin to bet.
Crypto Gambling May be Confusing to New Customers
Bitcoin gambling, especially the one involving NFT betting, can be a complex venture. It is essential for punters to have in-depth knowledge of how crypto works because they can lose both money and their NFTs.
Bitcoin gambling comes with more benefits than when wagering at a traditional casino. These benefits include unique bonuses and promotions, provably fair games, peer-to-peer betting, decentralized betting, and more.
Moreover, platforms like Dexsport have positively impacted how punters view and think about betting. Players no longer depend on betting sites' mercies to get their winnings because decentralized casinos pay them instantly through blockchain.
As stated earlier, all Bitcoin casino bonuses come with terms and conditions that must be fulfilled to ensure players are eligible to withdraw their winnings. Since these rules differ from one casino to the other, users must familiarize themselves with the regulations accompanying various bonus awards for a smooth gambling experience.
A Bitcoin casino bonus refers to the rewards in Bitcoin that a customer gets when playing at online crypto casino sites. These rewards are divided into two categories; new player and existing player bonuses.
Crypto casinos offer a wide range of bonuses to both new and existing players. The most common crypto casino bonuses and promotions include but are not limited to:
- Welcome bonuses
- No deposit free spins
- First deposit bonuses
- Payment method bonuses
- Referral bonuses
- Reload bonuses
- High roller bonuses
- VIP programs
- Affiliate programs
- They give you more game time.
- They boost your casino winnings.
- Bitcoin casinos charge lower fees than traditional gambling platforms when depositing or withdrawing your bonus winnings.
- Crypto casinos guarantee near-instant payouts during withdrawals, as opposed to other payment methods used in online casinos.
- Bullish markets in cryptocurrency can see you withdraw more winnings than expected.
- The decentralized nature of cryptocurrencies allows them to operate without interference from central bodies, meaning your bonus winnings aren't subject to taxes.
Crypto casino bonuses also have their downsides, as illustrated below.
- There is a high risk of not claiming all the bonus winnings due to the volatile nature of Bitcoin. However, you can use stablecoins such as USDT to wager at crypto casinos. Such cryptocurrencies are pegged to fiat currencies to guard crypto users against market volatility.
- Bitcoin sports betting can be overwhelming to newcomers because it requires in-depth knowledge of blockchain technology.
Dexsport users can enjoy the following benefits when claiming bonuses:
- Dexsport is a decentralized platform with no geographical restrictions. That means players can access their bonuses from any geographical location at any time.
- Holding the DESU token allows players to participate in IDO programs to claim various bonuses and promotions.
- Bonus winnings claimed on Dexsport are not subject to taxation.
- Dexsport users enjoy near-instant bonus payouts through blockchain