Terms & Conditions For Bitcoin Casino No Deposit Bonuses
Another way that bitcoin casinos are identical to traditional online casinos is that both come with a set of terms and conditions that govern how you can use their casino bonuses.
You need to understand the bonus terms before you claim a bitcoin bonus.
This will help you to:
- Avoid losing your bonus by breaching the rules.
- Ensure you can satisfy the terms and cash out the bonus.
- Boost your chances of winning real money.
You Must Wager Bonuses
You can only cashout your bonus winnings once you have satisfied the wagering requirements.
This is a rule that says you have to stake a specific amount using your bonus before it can be withdrawn. It has been designed to discourage bonus abuse.
The amount you have to stake depends on the value of your bonus and the wagering requirements multiplier.
Let’s say that you claim a bitcoin no deposit bonus worth $20 and the wagering requirements are 20x.
To work out the amount you have to stake, you simply multiply the bonus value by the wagering requirements.
Therefore, for this bonus, you’d have to stake a sum total of ($20 x 20) $400 before you could cashout your winnings.
For bitcoin no deposit free spins, you multiply the amount you win using your free spins (your free spins winnings) by the wagering requirements multiplier.
Learn More About Bonus Wagering Requirements!
For new players, the wagering requirements rule can be a bit confusing. This is why we’ve created an easy-to-follow article that tells you everything you need to know about wagering requirements.
Click here to find out How Wagering Requirements Work for Online Casino Bonuses.
Win Limits Apply To Bonus Winnings
When you use your own funds, you can withdraw however much you want. However, when using a bonus, the amount you can withdraw may be capped.
For most no deposit bonuses, the win cap will be somewhere between $50 and $200. Deposit bonuses are unlikely to have a win cap.
Bet Limits Apply When You Play With Bonus Funds
No deposit bonuses may limit the amount you can wager per bet. This ensures that players comply with the wagering requirements.
With bonus credits, you may only be able to wager a maximum of $5 per bet.
You Have To Claim And Wager Bonuses On Time
All casino bonuses come with expiry dates. If you want to win real cash using your bonus, you have to satisfy the other T&Cs before the expiry date.
The length of time you get to use your bonus can vary a lot. No deposit bonuses may only last between 2 and 7 days.
Game Weighting Percentages Affect Your Chances Of Wagering Bonuses
High volatility and high RTP games are either not valid to play with bitcoin bonuses (as we go over below), or they have lower game weighting percentages.
Game weighting percentages affect your chances of winning with bitcoin bonuses in the following way:
Let’s say you claim a bitcoin casino bonus with these game weighting percentages:
- Slots 100%
- Online Blackjack 10%
What these percentages indicate is how much of your stake goes to the wagering requirements.
In this case, if you were to stake $100 on slots, $100 would go to the wagering requirements. Alternatively, only $10 would go to the wagering requirements by betting just as much on blackjack.
Some Games Are Excluded From Bonus Play
With most bonuses, you won’t be able to play every game. High RTP and high volatility games are usually disallowed (or else they have low game weighting percentages).
If you try to play a game not on the eligible games list you may lose your bonus or the bet won’t go towards the wagering requirements.