A no deposit bonus (NDB) is a credit given to a player when first registering at a Bitcoin casino site. These bonuses are enormously popular as the player does not need to make an initial deposit to be awarded these credits.
By offering a no deposit bonus 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
Bitcoin no deposit bonuses are often hard to find. Due to their popularity, Bitcoin casinos often limit the availability of NBDs so as to not give away too much free cash! With all Bitcoin casinos vying for a piece of a highly competitive market like online Bitcoin gambling, the no deposit promotion can be a hugely successful tool for attracting new 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.
Casinos consider the use of an NDB to be a well spent PR campaign and expect a loss in revenue as a result. No deposit bonuses truly are a great way for players to win one over on the house! Many casinos also find success by attracting new players with an NDB who then go on to deposit real money in the future.
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 wagering requirements in place.
When considering the wager requirements on a no deposit bonus, 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 alongside the bonuses on this page.
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.
Due to the high risk nature of a no deposit bonus, Bitcoin casinos tend to restrict the maximum winnings any user can claim from an NDB. Maximum winnings place a dampener on the bonus but still offer users an incredible opportunity to win free Bitcoin. Any limit on winnings will be specified in the bonus terms and conditions.
Winning and Withdrawing a No Deposit Bonus
Once the no deposit bonus has been wagered beyond the specified wagering requirement and all other terms are met, winnings can then be withdrawn! While mostly there is no identification needed to deposit money into the casino, it is likely that personal details will be required to withdraw. The reason for authenticating a player’s ID at withdrawal is for anti-money laundering (AML) and “Know Your Customer” (KYC) checks. The thoroughness of these checks will vary from casino to casino with some being more stringent than others. As an example, the CryptoWild Bitcoin casino requires a selfie to be taken with the message saying “Hi CryptoWild” before making a payout.
Bonuses All Around
No deposit bonuses are just the beginning of a new player’s Bitcoin casino journey. It is highly likely that the casino offering the NDB will follow up with additional bonuses and promotions including deposit bonuses, VIP rewards, Loyalty bonuses, daily promotions, free spins and so much more. Be sure to keep an eye on your email inbox and mobile notifications to catch new and exciting bonuses that may come your way!