Bitcoin Casinos Bonuses are Rising
Bitcoin has taken the gambling world by storm as an instantaneous, anonymous, speedy way of getting money in and out of online casino accounts.
The result has been an explosion in the number of online casinos targeted exclusively at Bitcoin users. As competition hots up in this niche, Bitcoin casinos are starting to offer tempting bonuses that are increasingly on a par with what’s available in traditional online casinos.
Since its arrival on the scene in 2009, Bitcoin has been making waves throughout the financial world as people worldwide started to explore its unique combination of speed, zero transaction fees and anonymity. As more and more users have piled on board, the cryptocurrency has moved from being a fringe funding option to an increasingly mainstream choice.
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The emergence of casinos aimed exclusively at Bitcoin users has been good news for gamblers as it offers an entirely new class of online venues to explore. The range of bonuses on offer to entice gamblers is broadly the same as those available in mainstream casinos, but the amounts available have lagged behind to date as the market simply wasn’t there to support large offers – that’s a situation that’s started to radically change over the last 12 months.
Bitcoin casinos are starting to fiercely compete on first deposit bonuses in particular over the last year. For players who are prepared to stick around and work through the playthrough requirements, registration bonuses are typically in the 20% to 50% range with some Bitcoin casinos even offering to go as high as 100%. That’s still some distance away from the type of extraordinary 200% bonuses that have become commonplace in some traditional online casinos but Bitcoin casinos are catching up fast. Pure welcome bonuses of up to 1BTC are also on offer in certain casinos.
Bitcoin casinos have one eye fixed firmly on locking players in for the long haul with attractive reload bonuses as well. These aren’t available in every Bitcoin casino but they’re an increasingly common option to find as competition picks up. Amounts on offer here are usually in the order of 10% to 50% of the initial bonus for each subsequent deposit. As Bitcoin casinos expand their user bases, the amounts being dangled in front of gamblers are steadily rising here also.
No deposit bonuses, on the other hand, have been relatively low and are likely to remain so – the low-margin nature of many Bitcoin casinos means there simply isn’t the headspace there for sites to push the boat out in this regard.
Bitcoin casinos have been particularly aggressive in offering a variety of slots options to players and the amount of free spins available has also seen a steady rise. The standard offer at the time of writing is usually 50 free spins, though you will see individual Bitcoin casinos breaking that barrier. Traditional online casinos are still out in front here with 100 free spins being commonplace but Bitcoin casinos are catching up fast.
Experienced online gamblers will know that all online casino offers come with strings attached and plan their strategy accordingly, while paying close attention to the small print. Bitcoin casino bonus offers are no different from standard bonuses in this respect and gamblers are urged to always consult the playthrough and minimum deposit requirements carefully in order to parse the numbers on offer properly. This is particularly the case where a Bitcoin casino may be a player’s first experience of online gambling.
As Bitcoin becomes ever more popular as an online currency, the rise in bonuses at Bitcoin online casinos is set to continue and they may well surpass those on offer at mainstream casinos in the near future. We can expect to see a tipping point where more and more traditional online casinos add Bitcoin to their list of funding methods to capture more of this exploding market. It’s good news for casino players either way as they can expect to see even more attractive offers coming their way in the future from casinos of all types as competition intensifies.
I think the fact that within the bitcoin universe an algorithm replaces the functions of [the government] ... is actually pretty cool. I am a big fan of Bitcoin... Regulation of money supply needs to be depoliticized.