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Cryptocurrency Casino Bonus Comparison – No Deposit vs. Deposit Bonuses

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By , Updated On February 21, 2024

The use of a cryptocurrency-based casino has become extremely popular with players worldwide. They have become easily accessible as numerous options are widely available to encourage a positive gaming experience. Even those who may have questions like “How do Bitcoin casinos work?” find them easy to use, as they can sign up and enjoy the same experiences as if they were to play at a fiat casino.

The array of bonuses that can be found has made them a popular choice for many, with promotions including a cryptocurrency casino no deposit bonus and deposit bonuses being among the main attractions. We’ll take a look at both of these and compare them to help provide readers with everything they need to know.

 

Understanding Cryptocurrency Casino Bonuses

The world of casino bonuses can be complex, and throw in the term “crypto”, and added confusion can arise. Those who may not fully understand casino terminologies or get a little hazy when it comes to virtual currency can often feel overwhelmed despite the fact that crypto is becoming increasingly prevalent and used across many of the world’s nations.

Bonuses that are available at crypto casinos are no different to those that can be found at fiat options. The only major difference that is typically encountered is that they are related to the use of digital currency. Crypto casino bonuses can come in many variations, but the two that are typically common to find are the “no deposit” and “deposit” bonuses.

A “no deposit bonus” refers to players obtaining a bonus without needing to add their own funds to their account to activate it. A “deposit bonus” is the opposite, as players must upload money into their account using their preferred (and accepted) crypto. Once they meet the eligibility requirements, they will be credited with the bonus. It is exactly the same process as is used when using real deposit casinos, but just uses Bitcoin, Ethereum, and other accepted payment options instead.

 

No Deposit Bonuses – Unveiling the Perks

A “no deposit bonus” is arguably one of the most appealing bonuses that a player can obtain. Many will use their favourite search engine and enter terms like “No Deposit Bitcoin Bonuses 2024” to try to find the best options for them because of how attractive these promotions can be.

As explained, these crypto casino bonuses do not require players to initiate transactions into their crypto casino account. Instead, they will instantly provide a bonus when the player signs up, giving them funds that they can use immediately. 

A cryptocurrency casino with no deposit bonus can be very advantageous for players in a variety of ways. They can eliminate the risk associated with playing casino games, as no money is being wagered. At the same time, the funds can be used to practice or, in some scenarios, to try to win additional funds. With no real money on the line, players can get to grips with everything, leading to a positive and enjoyable experience.

 

Deposit Bonuses – A Deeper Dive

A “deposit bonus” is where a player will be required to make an initial deposit into their account to obtain the bonus that is being offered. This type of casino bonus is usually the most common to be found, as casinos can ensure they can make money from it, unlike when they offer a “no deposit bonus”.

These can come in various forms, with matched deposits, free spins, and other benefits often being provided. It is sometimes important to check if Bitcoin casino bonus codes are required to activate these promos, as they are not always automatically applied. They may also only apply to a first-time deposit; if the code is missed, players may be unable to take advantage of the offer later.

 

How do Crypto Casinos Work?

 Those who decide to enter “No Deposit Bitcoin Bonuses 2024” on a search engine will undoubtedly come across several options to consider. Still, it can be overwhelming when there is very little idea about how they work. Various aspects need to be considered, not least the registration process.

Most crypto casinos will follow a basic registration process that will look a little like the following, thus making it easy to get signed up and play immediately:

  •     Click ‘Register/Sign Up’ on the chosen site
  •     Enter the required details
  •     Make a deposit of your chosen cryptocurrency
  •     Begin playing

Another challenge can come in the form of the stakes that are placed, as these do not convert in the same way as traditional fiat currency. It can be easy to forget that 1 BTC is not the equivalent of $1 on the face of things. While we know they are very different in our minds and on the screen, they can look the same. Some crypto casinos make this easier and will provide conversions, which should always be used where possible.

Lastly, it is important to understand the withdrawal process of a crypto casino. Many can offer automatic withdrawals once the crypto wallet address has been provided. These can benefit those who wish to use them, with the funds usually appearing in a matter of minutes.

 

Cryptocurrency Casinos Offering Deposit Bonuses

Alternatively, a greater number of options can be used when looking for a crypto casino deposit bonus offer. Unsurprisingly, a search for the top “Bitcoin Casino Bonuses 2024” leads to various options, including these following cryptocurrency casino with bonus offers:

1. Joe Fortune Casino – A three-tier crypto deposit bonus

Players who deposit a minimum of $20 in cryptocurrency can obtain the following structure:

  • First Deposit – 150% match deposit up to $2,000 + 30 free spins on two specific slots
  • Second Deposit – A 75% reload bonus of up to $1,000
  • Third Deposit – A 120% reload bonus of up to $2,000

Players will be required to meet a wagering requirement of 50x before they can withdraw any winnings they may be able to achieve when using the bonus.

2. Ignition Casino – up to $3,000 welcome bonus for those who use Bitcoin + additional Bitcoin Boost bonus

An offer of up to a $3,000 bonus can be found split across two different types of games when Bitcoin is used as a deposit method.

  • 150% match deposit of up to $1,500 for online slots
  • 150% match deposit of up to $1,500 for online poker

A wagering requirement of 25x is required to be met before any winnings can be withdrawn, with games featuring different contributions. Slots count for 100%, but table games will only count towards 20%.

The Bitcoin boost bonus allows a match bonus of 200% up to $2,000, but code “IGBITCOIN200” must be entered when depositing. If players regularly use Bitcoin as their preferred payment method, they can also qualify for a 25% match bonus of up to $1,000 on every deposit that they make (a 10x wagering requirement is in place)!

3. Rooli Casino – exclusive Crypto welcome package

Playing with cryptocurrency at Rooli Casino can provide dividends for players as they are entitled to claim a crypto-exclusive welcome package that is structured in four tiers:

  • First Deposit: 150% match deposit of up to 3 BTC (or equivalents) + 100 free spins on Elvis Frog Two Ways
  • Second Deposit: 120% match up to 3 BTC + 50 free spins
  • Third Deposit: 110% match up to 3 BTC + 50 free spins
  • Fourth Deposit: 100% match up to 3 BTC + 50 free spins

A cryptocurrency casino bonus code will be required to be entered to trigger the qualifying welcome bonus, and a wagering requirement of 40x will need to be met before any won funds can be withdrawn.

 

Time for Comparison – No Deposit vs. Deposit Bonuses

What are the pros and cons of each of these crypto casino bonuses? Here is a useful bullet point list that provides an overview of both…

No Deposit Bonus

Pros

  • No funds required
  • Has little risk
  • Allows players to practice
  • Potential to win real money for nothing

Cons

  • Not widely available
  • Wagering requirements can be high
  • Game restrictions can often be in place

Deposit Bonuses

Pros

  • Provide more value once a deposit has been made
  • Can give players new gaming experiences if linked to certain titles
  • Widely available
  • Wagering requirements tend to be lower than no deposit bonuses

Cons

  • They require an initial deposit
  • Bitcoin values do not translate into fiat currency value
  • Bitcoin value can change, making deposits more expensive or promos less valuable

 

Choosing the Right Bonus for You

Choosing the right cryptocurrency casino bonus is important as this can be conducive to quality and positive gaming sessions. While there is no “right or wrong” approach, players must know their preferences and circumstances. Do you want immediate gaming, or do you want to experience a more prolonged session?

A cryptocurrency casino no deposit bonus will be better for those who wish to play without risking their own money. Still, it may not always be the best for those who are seeking the most entertainment, as they can be restrictive. A deposit bonus will carry more risk, but it can provide more excitement as they can have lower wagering requirements, thus allowing you to potentially withdraw any winnings achieved sooner (or more easily).

 

Conclusion

With a vast number of cryptocurrency casino with bonus offers now available, players have a lot of power at their fingertips when it comes to receiving the best personal gaming experiences. However, with so many choices, you need to consider your preferences and goals, as these can significantly impact which type of bonus is best to use.

Regardless of the option chosen, a no deposit and deposit crypto bonus will always help to enhance the experience. Still, it is up to you to recognise which one will maximise your sessions best.