Crypto Betting Bonuses: Finding the Best Welcome Bonus

Crypto-betting bonuses are some of the most lucrative promotions at online casinos and sportsbooks. Cryptocurrency gambling promotions are much like the welcome bonuses and deposit matches for traditional payment methods. You can find free bets and no-deposit bonuses at crypto gambling sites, but the offers are bigger due to the savings cryptocurrencies offer site owners.

Keep reading to learn about Bitcoin betting offers, plus the specific deals sites offer for Ethereum, Litecoin, and the other altcoins. Get an overview of the crypto welcome bonus, then visit a site and start playing today.

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SIGNUP BONUS

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  • 200% Casino Bonus up to $5,000

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  • 320% up to $3,000

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  • 100% Match Bonus up to $1,000

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  • 100% up to $250 Casino Bonus

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  • 250% up to $2,500

Key Takeaways:

  • Crypto betting sites offer various types of bonuses and promotions to attract and retain users.
  • Understanding the different types of bonuses and their terms is crucial to take full advantage of them.
  • It’s important to find reputable sites that offer valuable promotions without unfavorable conditions.
  • Responsible gambling should always be practiced, even when using bonuses.

Types of Bonuses

Online gamblers will encounter a lot of different bonus offers. It helps to know the types of bonuses because you can more quickly identify which promotions are best for you.

Welcome Bonus

A promotion given for the first deposit or the first set of deposits. This is usually the largest type of bonus. It’s also the one with the highest match rate. For instance, a welcome bonus might have a 200% or 300% match rate, while other bonuses have a 50% match rate.

Deposit Matches

Speaking of which, a match bonus simply matches your deposit on a dollar-by-dollar basis. A 100% match bonus means you receive $1 for every $1 deposited. A 200% bonus means you receive $2 for every $1 paid, while a 50% bonus means you get 50 cents in bonus cash for every $1 deposited.

Free Spin Bonuses

Instead of giving you straight cash, online casinos sometimes offer 10 or more free spins. If you get 70 free spins — a common amount right now — then you’ll collect the winnings off of 70 spins on a select online slot. Some offers in the past went as high as 1600 free spins. These sometimes are tacked onto the welcome bonus’s cash offers.

Free Bets

Usually offered in an online sportsbook, these have many names. Some famous names are risk-free bet, no-sweat bet, no-sweat first bet, and sportsbook insurance. When you win, you collect winnings. If you lose, the bet amount is credited back to your account as a rebate.

No-Deposit Bonuses

Also called signup bonuses, these are used in sportsbooks and casinos. Instead of offering cash for a deposit, they offer money when you create a new account. Register for an account and receive $5 to $50 in free cash. These sometimes have a max cashout stipulation.

Table Game Bonuses

Most offers are slots bonuses. If a promotion allows you to clear the requirement while playing table games like blackjack, baccarat, and roulette, it’s called a table games bonus.

Crypto Bonus

An offer specifically given to players who deposit with cryptocurrency. Since gambling sites don’t have to pay employees for a long verification process, the site passes the savings onto you. If a welcome bonus is worth $1000, then a crypto bonus might be worth $1500 — or 50% more than otherwise.

Finding Bonuses

Finding bonuses requires searching gambling site reviews and promo code sites to find the best promotions. Most sites advertise their best bonuses loudly, though some tend to bury their best offers on their sites. For instance, Planet 7 Casino has had a no-deposit bonus for a long time, but it’s hard to find the bonus code on its website.

To avoid the pitfalls of searching for crypto bonuses, here are some tips to help the search.

  • Banner Ads: Most online casinos and sportsbooks advertise their welcome bonus on the top of their homepage. Click on any banner that says “Welcome Bonus”, “Sign Up”, or “Register an Account.” Usually, these banners take you to the best offer.
  • Promotions Page: If that doesn’t help, search for the Promotions page. Many sites have the word “Promotions” in the top menu or side menu. If you find such a link, click on it.
  • Promo Code: Search for bonus codes, which are sometimes called promo codes. These are unique collections of letters and numbers you’ll input on the Cashier or Bonus page to activate a bonus. Don’t deposit without inputting the coupon code.
  • Crypto Betting Bonuses: If you plan on using cryptocurrency for your deposits, seek out the crypto bonuses. Sites offer these to customers who deposit using Bitcoin or one of its altcoin rivals.
  • Read the Terms of Use: Any bonus offer comes with terms and conditions. Read the FAQ pages and the terms of use on a site before accepting a bonus. This helps you avoid confusion because players are known to void the terms after winning bonus cash when they don’t follow the rules.

Understanding Terms and Conditions

Gambling sites use a lot of terminology when describing a bonus’s terms and conditions. Understanding the terms associated with each bonus is important, so you can withdraw winnings once you get lucky. Here are the most important terms to know.

Wagering Requirement

Sites can’t offer free cash without some terms. The most important one is the wagering requirement, which stipulates you must wager bonus money a certain number of times before cashing out. This is also called the playthrough or rollover requirement.

Minimum Deposit

The minimum deposit limit is the least amount of cash you have to deposit before you activate the bonus terms (and receive bonus cash.)

Maximum Bonus Limit

The maximum bonus amount is the most you can acquire from a bonus offer. If the max bonus amount is $2000 at a 100% match rate, then the you’ll receive $2000 when you make a $2000 deposit. You could deposit $3000, but the bonus cash amount would remain $2000.

Match Rate

Speaking of match rates, this is the percentage at which your deposit is matched. A 300% match rate means you receive $3 in bonus cash for every $1 deposited.

Max Cashout Terms

This is the maximum amount of money you can win from a promotion. A $200 max cashout means you could only cash out $200, even if you won $1000 in the course of play. The best condition here is “No Max Cashout,” which means you keep every single penny you win.

Game Requirement

Certain bonuses might have game requirements. Slots bonuses might involve only online slots. Many welcome bonuses only allow players to clear the requirement while playing online slots, Keno, and scratch cards.

Game Contribution Rates

Some bonuses allow table games and video poker to clear the requirement but at a reduced rate. For instance, slots might clear the requirement at 100%, while blackjack might clear the bonus at 10%. This means you’d have to bet 10x on blackjack what you wagered on slots.

Deposit Type Stipulation

A few bonuses require players use a specific type of banking method. This is fairly rare, though a few of the sites we review stipulate the Skrill and Neteller cannot be used for a welcome bonus.

Token Rewards

These are specific stipulations having to do with crypto bonuses. Certain crypto gambling sites offer token rewards when you use a crypto method, so you’ll receive the benefits of token mining while playing at a casino or sportsbook.

Maximizing Benefits

Here are a few tips you can use to avoid common pitfalls when accepting bonuses. These strategies help you avoid the rookie mistakes that can cost you hundreds, if not thousands, of dollars.

Play Games with 100% Contribution Rates

Play online slots and other games with a 100% contribution rate to the wagering requirement. Some slot games have a high house edge, so research the online slots with the best return to player percentage. Pick those games, be certain they apply to the wagering requirement, and you’ll clear the playthrough much quicker.

Don’t Accept Bonuses with High Playthrough Requirements

If a crypto bonus have 50x or 60x playthrough requirements, it’s not worth your time to accept the bonus. A quick calculation helps your determine the odds that you’ll cash out bonus money. Imagine the game has a 4% house edge and you have to wager the bonus 50x.

If you have a $200 bonus, you’ll need $10,000 in action to clear the requirement. If you expect to lose $4 for every $100 in action, then you can expect to lose $400 if you bet $10,000. That’s way above the bonus, so it’s not worth your time to play.

Avoid Progressive Slots

Progressive slots rarely contribute to the wagering requirement. Slots with random progressive might contribute — such as RTG’s Reel-Series Slots — but those with wide-area progressive jackpots rarely do.

Avoid Live Dealer Games

Like progressive slots, live casino games seldom contribute to the rollover requirements. Avoid these games when you’re trying to clear the requirement.

Cancel the Bonus When It Makes Sense

If you have bad luck and the bonus money gets depleted, you don’t have to continue clearing the requirement. At that point, you’re just burning your own bankroll. You can cancel the bonus at any time.

Watch the Expiration Date: Take Your Time If Allowed

Crypto bonuses are like condiments — they have an expiration date. Read the expiry terms. Don’t let a valid crypto bonus expire before you’ve cleared the requirement. If that isn’t a danger, then take your time and play games like you normally would.

Talk to Customer Service Before Signing Up

If you have questions, talk to customer service before registering for an account. That’s especially true before you make a deposit. Talk to the staff via live support to get a sense of the site’s attitude toward customers. If they’re pushy or evasive, find another gambling site.

Conclusion

Gamble responsibly when you accept bonuses. The expiry terms range from 7 days to 90 days. Read the terms, then pace yourself to play sessions as you would if you weren’t clearing the requirement. Use bet limits determined by your bankroll management tips — not based on the need to meet playthrough.

Responsible gaming is more entertaining gaming. When you have all the information, you’ll be in control of your gambling habits. Maximize the benefits of crypto bonuses by using the strategies and tips on this page. Start with low-risk options such as small match bonuses or no-deposit bonus. Always read the terms of use. Once you’re confident, accept the best crypto bonus and start playing today.