Let’s take a look at the different types of bonuses on offer from crypto casinos.
A cashback bonus is when a crypto casino returns some of the funds you’ve already spent playing on their site. They’re expressed as a percentage: usually, somewhere between 20% and 30%, that varies with each casino. You could be awarded a cashback bonus as part of your welcome bonus for signing up to the casino, or you could receive them when you’re an established customer, as a reward for your loyalty. Some casinos even have daily cashback bonus offers, where they’ll refund some of what you’ve lost every day.
A rakeback bonus is a type of cashback bonus specific to online poker. A rake is your entry fee for joining a poker room on a crypto casino site, so a rakeback bonus sees you receive a certain percentage of said rake back. Let’s say, for instance, that the crypto casino you play offers a weekly 10% rakeback bonus and spend 10 BTC on rack fees over the course of a week, you’d then receive 1 BTC rakeback at the end of the week.
Rakeback is an indispensable bonus for online poker players, as it’s a way of receiving money each month. You don’t even have to win: all you have to do is play as you normally would and you’ll get some of your crypto back.
Deposit bonuses are one of the most common types of bonuses offered by online casinos, and some crypto casinos have followed suit with their own offers. A deposit bonus is exactly as it sounds: a bonus that you receive when you first deposit some crypto in your account. A deposit bonus is most often expressed as a match percentage bonus, where the crypto casino site will match your deposit up to a certain amount, e.g., “100% up to 7 BTC” or “125% up to 3 ETH”.
Though pure no-deposit bonuses are increasingly hard to find, they’re still a type of bonus offered by some online casinos. These bonuses, in contrast to deposit bonuses, do not require players to make a deposit to qualify for a bonus; instead, you’ll receive it when you sign up.
However, if you are fortunate enough to come across a reputable site offering such a bonus (and we here at Crypto Casino Masters will be sure to add any authentic crypto casinos with no-deposit bonuses to our list!), you’ll usually find that they have high wagering requirements.
Instead, you’ll usually find that a no-deposit bonus is a way for some casino sites to describe other bonuses, like free spins – as they are technically no-deposit bonuses.
Free spins are a common and popular casino bonus that give players a free turn on slot games without taking from their account balances. Free spins often come as part of a ”Welcome Bonus” package, alongside cashback bonuses, rakeback bonuses, or deposit bonuses. Better still, some crypto casinos frequently give loyal customers extra free spins: this could be part of a VIP program or simply as a bonus round on particular games.
A crypto casino’s welcome bonus is the combination of all the bonuses they offer players for registering on their site. You’ll usually find that welcome bonuses are a cashback bonus, rakeback bonus, or deposit bonus, often bundled with some free spins. Sometimes, it will be a mix of different bonus types, e.g., 20% rakeback for the first 7 days followed by 10% cashback, etc.
A reload bonus is awarded to players when they make more than one deposit (named as such because you’re “reloading” your account). Depending on the crypto casino and their offer, you could receive a reload bonus on your 2nd, 3rd, and possibly even 4th crypto deposit.
It’s also possible for casino sites to offer reload bonuses on particular days. The casino will let you know when they’re about to run a promotion, as they want to encourage players to make more deposits and continue to play their favourite games.
At times, crypto casinos offer their players game-specific bonuses, to encourage them to try new games or a new category of games or to continue playing one of their favourites. Offering free spins on particular slots is a common form of game-specific bonus.
Some crypto casinos offer VIP programs, or clubs, that offer extra bonuses and perks to keen players. VIP programs are usually point-based and have different levels, e.g., bronze, silver, gold, and platinum; the more points you collect, the higher your level, and the better your rewards.
Benefits offered by crypto casino VIP programs include:
Another type of bonus that you’ll sometimes find on crypto casinos are faucet bonuses. Now, while you can crypto faucets across the internet, on casinos, they usually take the form of specially designed games. Faucet games work by giving you a small amount of crypto after playing a particular game for a certain amount of time. Usually, you’ll be able to claim faucet bonuses repeatedly but you’ll need to wait a little while before you can play them again.
Faucets games are attractive to players because, unlike most other types of bonuses, they don’t have any wagering requirements: anything you win can be withdrawn straight away. Crypto casinos put faucets on their site as a way to encourage new players to sign up. The idea is that a player will get themselves a crypto wallet to claim the coins from the faucets, making it more likely that they’ll then sign up as a player and deposit additional funds into their account. It’s a win-win for players and the website, and the fact that crypto casinos still have crypto faucets shows it must be an effective strategy.
The most common form of faucet is a Bitcoin faucet, but with the current price of Bitcoin being so high, casinos can’t possibly afford to give out whole Bitcoins! Instead, they give out Satoshis, which are 100 millionths of a Bitcoin, or mBTC, which is a millionth of a Bitcoin.
The exact way of claiming a crypto casino bonus depends on the deal bonus itself and the casino site, but the process usually goes as follows:
Now, as for ongoing bonuses, such as rakeback and cashback, you should automatically receive them as you play. Also, you’ll usually receive a notification from the site, letting you know of the bonus they just gave you and why.
The crypto casino that offers the best bonuses really depends on your preferences. If you’re an avid poker player, then you’ll find a generous rakeback to be the best offer. On the other hand, if you’re big into slots, then a welcome bonus with lots of free spins will be appealing.
But you can rest assured that if a crypto casino site offers great bonuses – we’ll find it, do our research, and add it to our list!
How a crypto casino bonus works differs according to that particular bonus and casino site. If you want to know how a bonus works on a certain crypto casino, it’s best to look at their terms and conditions.
That being said, there are four general principles that all crypto casinos follow when it comes to bonuses:
Also, in many cases, bonuses will expire after a certain amount of time, like 30 days, so, again, be sure to read the site’s terms and conditions so you don’t receive an unpleasant surprise when you check your account!
Wagering requirements are the criteria you have to satisfy to be able to withdraw the funds and winnings you received from a bonus. Crypto casinos put these in place so players don’t simply sign to their site, claim and gamble their welcome bonuses, and leave – never to return. Wagering requirements guarantee that a player wagers a certain amount before they get to withdraw their winnings.
The wagering requirement will vary depending on the casino and the bonus. In some cases, it’ll be x1, while, in others, it’ll be x 70 – but 35-40 x is common. So, with a 40x wagering requirement, for example, if your bonus is 1 ETH, you’ll need to wager 40 ETH before you can withdraw your bonus. Also, as briefly mentioned earlier, if you’re lucky enough to come across a genuine no-deposit bonus, it could have a wagering requirement as high as 70x!
The good news, however, is that wagering requirements don’t affect your ability to spend the bonus – as you can do that as soon as it's in your account.
In most cases, you won’t need a bonus code to claim the crypto casino bonuses on offer. You can usually claim them by simply clicking on of the links above and signing up.