Are bitcoin live casinos legal?

Every gambler must check for the legality of the site before signing up for any bonus. Each country has unique jurisdiction concerning interactive games and most gambling laws have no specific acts against crypto gambling.

Is a no-deposit bonus available at bitcoin casinos?

Yes. It is possible to find a no-deposit bonus on such a platform.

What do players look for before betting with bonus money?

The wagering requirements are the most important considerations. Other things to look out for are the deposit limits, expiry date, and maximum withdrawal.

Are promo codes needed to claim bitcoin bonuses?

Nowadays, most promotions are confirmed through clicking a link rather than inputting a code.

When is the right time to take a reload bonus?

The reload bonus is one of the few offers that should be used according to a player’s status. Those who have just signed up should stick with welcome bonuses unless they are losing so much money. A reload is designed for dire situations to keep the game going and not just anytime a player wants to accumulate more funds.

Why are no-deposit bonuses less popular?

A lot of players abuse no-deposit bonuses and so casinos impose stringent terms and conditions on these offers. With too many requirements, a no-deposit bonus may not be for the fainthearted.

Are bitcoin bonuses better than regular casino bonuses?

Crypto casinos are relatively new in the gambling scene. Their bonuses seem to be much greater than the rest.

Do bitcoin casinos offer payments in other currencies?

Most bitcoin casinos accept other digital coins and fiat currency. They allow traditional banking methods in case players are unable to access their crypto wallets.

Are bitcoin bonus winnings taxed?

It is nearly impossible to tax bitcoin casino winnings because this cryptocurrency is not regulated by most governments. So, the bonuses are almost always tax-free.

Do bitcoin casinos allow the transfer of bonuses to another account?

No. All bonuses are non-transferrable and only available to the respective account owner.

Best Bitcoin Bonuses at Live Casinos 2023🏆

Top Live Casino Bitcoin Bonuses

A bitcoin bonus is a reward that a live casino offers to encourage new players to sign up or to reward existing players for playing certain games or for their loyalty. A bitcoin bonus review is not complete without mentioning various forms of live casino promotions. They are paid in different ways and are usually periodic. Each bitcoin bonus presents an extra perk distinct from the previous one. Here is an overview of how each bonus works.

Bitcoin Sign-up Bonus

It is the most popular bonus in bitcoin live casinos. Given that crypto casinos are highly competitive, the sign-up bonus is the cornerstone of live-dealer promotions. Each site strives to outmatch the rest and in over as many players as possible. A good sign-up bonus comes in stages. Here is a sample of how it is reimbursed.

First deposit bonus: 150% capped at 5 BTC plus 100 free spins
Second deposit bonus: 100% capped at 3 BTC plus 50 free spins
Third deposit bonus: 50% capped at 2 BTC
Fourth deposit bonus: 25% capped at 1 BTC

Overall, a new player has the potential to get 11 BTC and 150 free spins through the above bonus program.

Bitcoin High-roller Bonus

A high roller bonus benefits players who deposit incredibly high amounts. Normally, the casino gives it away as a match bonus or cash gift. So, instead of the standard welcome package, the player receives a higher match-up percentage. Immediately, they enter the VIP club which comes with other exclusive benefits.

Bitcoin No Deposit Casino Bitcoin Bonuses

Many bitcoin live casinos have special offers whereby players don’t necessarily need to deposit money to win real cash. These are the so-called no-deposit bouses. No-deposit bitcoin bonuses are usually free spins with tough wagering conditions. Sometimes the casino provides a no-deposit bonus as free cash which is not withdrawable immediately. The user is often required to make numerous bets before they can cash out possible winnings as well as the bonus money. Such strict preconditions are designed to prevent players from abusing the offers.

Other Bitcoin Live Casino Bonuses

Certain promos like reload bonuses are permanent, i.e., the site grants 25% additional credit for each reload deposit. The best live casino sites usually provide a review of each bitcoin bonus, so this will be mentioned in their T&C section. Another possible offering is cashback which compensates for a small percentage of money used up in previously lost wagers. There can also be loyalty and VIP bonuses which are reserved for players who’ve attained a higher status on the platform.

How to Find Bitcoin Live Casino Bonus And Claim It

The best live casino sites are not those that offer free coins every Wednesday or promise to turn customers into millionaires within weeks. A credible platform with bitcoin bonuses meets essential quality standards like:

Reasonable bonus policies: the conditions attached to a bonus may help determine whether the site is legit or a scam
A variety of games and regular promotions
Valid license: from top regulators like the UK Gambling Commission, Gibraltar Licensing, and Alderney Gambling Control Commission.
Quick payouts released within 48 hours or less
High safety standards
Reliable customer support
Good customer reviews

How to Claim Live Casino Bonuses

Most crypto casinos offer bonus codes that players must key in before claiming a bonus. To successfully claim and enjoy a bonus from a live casino, here are a few crucial steps to follow.

Read the Bonus Requirements

It is common for live bitcoin casino sites to issue the conditions and limitations for withdrawing bonus money and potential winnings. These terms and conditions are put in place to discourage players from running away with free money without contributing something to the platform. If a player wins from a welcome bonus, they have to clear the wagering conditions. Despite these restrictions, the bonus will boost the player's account.

Register with the Casino

Bitcoin casinos will almost always require players to open an account. The sign-up process is very easy because all that a player needs is to create a username and a password. Having an account allows the site to know who has taken what bonus and what method of payment they prefer.

Fund the Account

Bitcoin live casinos require players to deposit funds with BTC. A few providers accept other cryptocurrencies like Bitcoin Cash and Lite coin. It is important to check whether such methods qualify for bonuses before proceeding with payments. For one to make a crypto payment, they need to have a digital wallet for storing BTC, LTC, etc. Depositing money is the first sign that a player is serious about betting on live games. It is also the first requirement for claiming offers like welcome and reload bonuses.

Get the Bonus

Having placed a deposit, the casino will most likely congratulate the player and confirm their bonus. If it is in the form of free spins or bets, the player can start betting immediately. If it is in form of money, the recipient cannot withdraw it yet. They need to bet with it severally and make sure it doesn’t expire.

Turning Bitcoin Live Casino Bonus into Real Money

As explained above, getting a bitcoin bonus is easy but turning it into real cash is hard work. The actual bonus is never ashed out directly. The recipient can withdraw after betting on live games as stipulated in the bonus policy. Any offer that requires wagering is called a cashable or non-sticky bonus.

Generally, bitcoin bonuses should be wagered 30 to 50 times so they can be turned into withdrawable funds. It means that a player who received a 5 BTC bonus should stake 5 x 30 = 150 BTC to avoid losing the bonus.

There is another category known as sticky bonuses which must be avoided at all costs. Their winnings are not paid out, so everything goes back to the system for betting purposes.

Terms and Conditions of Bitcoin Bonuses

No matter the kind of bonus, the key to turning it into real money lies in fulfilling the terms and conditions explained below.

Tough wagering conditions make it harder to win or have something to cash out. No-wager bonuses do not have wagering conditions so the player gets everything directly into their account.

Minimum Deposit Requirement

Only those who make a deposit are eligible for certain offers like deposit bonuses. For instance, the bonus may be set to 100% up to 0.15 BTC for any deposit ranging from 0.0005 BTC and above. That means any deposit below 0.0005 BTC cannot qualify for the bonus.

Suppose a player deposits 0.003 BTC- they’ll get an extra 100% of 0.003 BTC immediately after depositing. This should set their betting balance to 0.006 BTC, assuming there were no funds before. However, A player who deposits 0.20 BTC earns a 0.15 BTC bonus on their deposit because the casino has already set a limit. This means their deposit will not double but rather add up to 0.20 + 0.15 = 0.35 BTC.

Withdrawal Limit

The maximum withdrawal limit is completely different from the maximum bonus amount. It is the amount an account holder can cash out from a bitcoin promotion. If the bonus payout limit is set to 0.05 BTC, even if someone wins 0.1 BTC and makes an extra 0.0005 BTC from the bonus, they can only request 0.05 BTC. Then, they can use the remainder to place more bets.

There is also a minimum withdrawable amount. So the casino may not transfer negligible amounts to the account owner.

Bitcoin Bonus Wagering Requirements

Wagering conditions are set by live casinos to discourage players from withdrawing it before they utilize it on bets. Some players are notorious and, given a chance, they would walk away with bonus money and continue jumping from one platform to the next just to take advantage of the welcome packages. So, wagering requirements help to instill discipline among players.

Formats like 30x are used to denote wagering requirements. Casinos also indicate whether the condition applies to both the deposit and the bonus. Many times, it is expressed as 30x of the deposit + bonus. Here’s an example:

100% matching bonus with a wagering condition of 20x
When a player deposits 0.002 BTC, they receive a bonus of 0.002 BTC
Before the bonus is paid out, they must play though with the bonus 20 times (20 x 0.002 = 0.04 BTC)
The bonus is unlocked for withdrawal after completing the playthrough requirements

A wager is any monetary stake placed on a bet. When the bonus is a no-wager offer, then the players can cash it out without any limitations. No-wagering means that no betting is necessary to claim a bonus.

Game Restrictions

Not all casino games can be wagered on with bitcoin. Before choosing a live title, players should check whether it has a bitcoin promotion attached to it. The customer support department is always ready to help demystify such concerns. Many crypto casinos offer a broad range of live titles from Casino Hold ‘em Poker to live versions of Roulette, Baccarat, and Blackjack. Depending on the game selected, there could be several promotions that also differ from site to site.

Time Limits

Time-limited conditions are stipulated to give players a sense of urgency as they utilize the bonus money. They are a huge determinant of whether a player benefits from a bonus or not. If players are supposed to claim their bonuses within 30 days, then they have a whole month to fulfill the playthrough requirements and cash out the winnings. If they fail to do so, the promotion will expire and will no longer be available for payout. If the casino offers free spins valid for seven days, they must be used up before then, lest they are forfeited.

Bitcoin Bonus Do’s and Don’ts for Players

Many casino players are only interested in the welcome offer when joining a live bitcoin casino. A good live casino bonus will always take a player’s experience a higher notch. But there are some tricks and trips that can help punters make the right choice when it comes to crypto bonuses. Here are some do’s and don’t’s to note down.

Dos

Research different bonuses from different bitcoin casinos to get the best promotion
Make sure the casino is legit and safe
Note the expiration date of the bonus
Beware of the wagering conditions and deposit limits
Check for promo codes during holidays
Take the welcome package always
Have fun with free spins

Don’t’s

Don’t use the wrong bonus code in a game-specific bonus
Don’t sign-up for a reload bonus as a new player
Don’t miss out on regular player promotions
Don’t take bonuses for unfamiliar or difficult games
Don’t deposit with the wrong payment method

These tips can help players get the most out of their bonuses and improve their odds of winning.

Are Bitcoin Bonuses Worth It?

The game contribution percentage determines whether the promotional offer is worthwhile. Assuming the player must bet and playthrough 0.1 BTC before they can cash out. A 0.00001 BTC may contribute towards fulfilling the requirement but if only 20% of it counts for the game contribution percentage, then it can be a toll order. Games with low RTP often have a 100% contribution percentage but those with higher RTPs contribute small or nothing at all.

Players should beware of the rollover requirement and make sure it is attainable. If it’s too high, then there’s no point in signing up for the bonus. If the wagering condition is applied to the bonus alone, this could be more advantageous to the player. But it is more demanding when applied to both the bonus and the deposit.

Top Bitcoin Bonuses 2023