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Cryptocurrency Casino Bonuses Explained: Getting in on the Action
Public Group active 2 days, 16 hours agoCryptocurrency casinos represent one of the latest trends to have taken the online gaming community by storm. Not only is it possible to perform transactions with the help of popular tokens such as Bitcoin, Litecoin, and Ethereum, but streamlined processing times help to ensure that everyone can get in on the action.
However, we should mention that crypto-friendly casinos still offer the same sense of familiarity that has attracted players since the halcyon days of the Internet. These often come in the form of bonuses and promotions. Let’s take a quick look at some of the most common types of offers, and the benefits that each provides.
Welcome Bonuses
These are often referred to as matched deposit bonuses, and they will frequently be used to entice new players who may be considering a membership. The principle here is simple. A user will be provided with some type of reward when making a deposit within specific thresholds. Let’s use an example to illustrate this point.
Imagine that a casino is offering a one-time matched deposit bonus of 100% to those who deposit up to 500 euros into their account. Assuming they transfer the entire amount, they will receive an additional 500 euros (1,000 euros in total). Casinos might also choose to break these offers down into a series of deposits. However, note that the majority of matched deposit bonuses are attached to wagering requirements; signifying that you will need to meet these conditions before cashing out.
Cashback Offers
This next type of bonus is typically presented to existing players. As the term suggests, users will receive a certain proportion of their funds back on a regular basis. Some programmes are offered every 24 hours, while others may be accessible each week. The main intention here is to provide a means by which users can recuperate their losses (to an extent). Sports betting enthusiasts may likewise be presented with rakeback rewards, and these tend to function in the same way. There can also be instances when a bitcoin gambling platform develops cashback offers that target cryptocurrency players; a nice way to enjoy additional perks associated with the blockchain.
The exact value of the cashback reward will vary between casinos. However, most brands provide rewards ranging between 10 per cent, and 30 per cent. There may also be times when the size correlates to levels within a VIP program; leading us into the next section.
Bespoke Loyalty Programmes
Its costs casinos much less to retain a new player when compared to attracting a new member. This is why loyalty has taken centre stage. Brands always want to keep ahead of the competition, so it only stands to reason that VIP programmes abound. Although the exact perks will vary, the basics are still straightforward. Here are some features that the majority share in common:
• This is normally a hierarchical system comprised of multiple tiers
• As players ascend to higher levels, the rewards will mount
• Benefits include increased cashback rates, personalised account support, higher withdrawal limits, generous rakebacks, and level-up cash bonuses
We should mention that these can represent points-based systems (players will accrue virtual points for remaining active), or they might instead be determined by the total value of deposits made. This is why it is always wise to read the terms and conditions.
No-Deposit Rewards
Why not earn extra money without having to make any type of financial commitment? Believe it or not, some casinos offer such an opportunity in the form of a no-deposit bonus. These packages may provide cash, free slots spins, no-obligation sports wagers, or a combination of all three. Although not often as generous as matched deposit welcome bonuses, these still represent powerful tools within the arsenal of any casino player.
Progressive Tournaments
A final opportunity that warrants attention involves access to live tournaments. These real-world events represent the social side of casino gaming, and the rewards can certainly add up. In fact, specific competitions may offer prize pools worth into the millions. The value of these jackpots will then be distributed between the top competitors once the event has completed. Some tournaments may be held on a daily basis, while others could instead rotate every week, or every month. Although players do not have to enter these competitions, they are still great ways to create a well-rounded gaming experience.
Putting it All Together
We can now see that there are plenty of lucrative offers to leverage access after joining a cryptocurrency casino. However, it is just as important to read the “fine print”. Some metrics to highlight include:
• The wagering requirements
• The minimum and maximum deposits
• How long the offer will remain valid
• If it is possible to combine bonuses with one another
The sheer variety of bonuses that users can now leverage is truly staggering, and there is little doubt that even more opportunities will emerge as the online gaming community continues to expand.