One of the biggest draws for any online Bitcoin casino is the No Deposit Bonuses (NDB) it offers. This feature is what will set it apart from all its competitors and often the reason why players will choose a particular Bitcoin casino.
An NDB is credits given to a gambler when first registering at an online casino site. The player will not have to have made an initial deposit to be awarded these credits.
By offering an NDB the player can get a feel for what is on offer at the casino of choice as well as a chance to win free Bitcoin!
Bitcoin Casinos and No Deposit Bonuses
These days it is hard to find a Bitcoin casino that does not offer a No Deposit Bonus. With all Bitcoin casinos vying for a piece of a highly competitive market like online Bitcoin gambling, every one of them has to offer the best deals to their players.
If you look at all the leading Bitcoin casinos such as Fortune Jack and Betchain, to name but a few, each one offers a competitive No Deposit Bonus to keep their share of the market growth. Without an NDB it would be near impossible to keep attracting new Bitcoin gamblers.
Casinos view NDBs as well spent and budgeted PR campaign rather than a loss in revenue. The deposits not only spread the casino’s brand but often those that get NDB’s go on to deposit real money far greater than the initial reward.
The Low Down of No Deposit Bonuses
Although these bonuses are free, there are always rules that apply. It is advised that players look at the terms and conditions for the specific casino they are registering with. The games often have attached to them some wager requirements in place.
When considering the wager requirements on an NDB, it is normal to expect a range of 20x to 40x. Anything higher could make it near impossible to cash the bonus out. At TheBitcoinStrip.com we list all of the available NDBs with their associated wager requirement (also referred to as “rollover”).
Should a Bitcoin player be rewarded with free spins on slot games as a part of their NDB, there are often restrictions on the number of free spins available, as well as which games they may exercise their free spins on. These limitations will be specified.
Another factor to bear in mind is the time period where-by the NDB will be valid. This varies from casino to casino and often not always made clear. It is usually thirty days after the player has activated the bonus. All credit after expiry falls away.
Winning and Withdrawing An NDB
There are very few Bitcoin casinos that will set a winning limit on an NDB as this would put a dampener on the reward, although they do have alternate ways of regulating this. Regardless, there have been massive wins recorded by players playing with an NDB. A lot of casinos have a stipulation in place that the player is required to deposit money before withdrawing wins from their No Deposit Bonus.
Talking of withdrawing – while mostly there is no identification needed to deposit money into the casino, this will be required to withdraw. The reason for authenticated ID on withdrawal is to enable the online Bitcoin casino to identify that the winnings are indeed going to the correct player. Some casinos are more stringent than others. E.g., Cryptowild even requires a selfie to be taken and sent with the message saying ‘Hi Cryptowild’ before making a payout.
Bonuses All Around
Players can rest assured that if they have received a No Deposit Bonus when registering with the casino of their choice, that the bonus the beginning . There will be many big Bitcoin win bonuses to follow including further deposit bonuses, VIP rewards, Loyalty bonuses, weekday promotion, free spins and so much more.