Deposit bonuses (also known as match deposit bonuses) are arguably the most popular, and most important online casino bonuses on the net.
Although they aren’t free (like no deposit bonuses), they are worth far larger sums of cash, which is essential if you are going to hunt down some of the biggest jackpots in the online gambling world. Let’s take a look at some of these powerful Bitcoin casino bonuses, especially if you have never claimed one before.
How does a deposit bonus work?
The clue about how to claim a deposit bonus is in their name. In order to pocket one of these bonuses, a player will need to make a deposit at a Bitcoin casino site. Sometimes these bonuses are only offered on the very first deposit that a new player makes. Sometimes they are offered on the first handful of deposits, and on occasion they can be offered on every single deposit that you make.
The way they work is rather simple. You will notice a percentage figure attached to these bonuses. Basically, whatever you deposit, you will get that specific percentage of the deposited amount as a bonus.
For example, if you deposit £100 and claim a 100% deposit bonus, then the casino will give you the equivalent of 100% of your deposited amount (another £100) as a bonus. You will effectively start with £200 in your account (your £100 deposited total, and the £100 bonus).
How much money can I claim?
The amount of money that your bonus can be worth depends on two things: the amount you deposit, and the bonus percentage – known to online casino goers as the “match”. Some Bitcoin casinos will offer you a 50% match, and others a 150% match. In fact, there is no definitive amount they can choose to offer, although 100% matches are the industry standard.
Usually deposit bonuses will have a maximum limit attached to them. If the bonus is worth a 100% match up to £100, for instance, you can only ever claim up to £100 as a bonus. If you therefore deposit £200 (instead of £100), you’ll still only get a 100% match on the first £100 you’ve deposited.
Can I play all games with this bonus?
By and large, players at Bitcoin casinos are free to use their bonus on all of the games hosted at the casino site. It is very rare that Bitcoin casinos only permit players to use their bonus on specific games. That would be cruel.
Although you can (in most cases) feel free to use your bonus on any game you like, specific games at an online casino may not count towards your wagering requirements. Let’s find out more about wagering requirements and qualifying games now.
What are the wagering requirements like?
Wagering requirements must be met before a player can withdraw, otherwise the player could just walk away with the casino’s bonus cash! Basically, a player must wager the amount they have claimed as a bonus a specific number of times in order to be able to withdraw any winnings. This is perfectly normal in the online casino world.
However, not all games may qualify at the same rate. For instance, bets on slots might count 100% towards meeting those wagering requirements. Other games (such as specialist table games, or live dealer games) may count only 50% towards the wagering requirements.
For instance, if you wager £1 on a slot which counts 100% towards the wagering requirements, then you’ll have cut £1 off the wagering requirement total. However, if you wager £1 on a table game, and they only count 50% towards the wagering requirements, then for your £1 bet, you’ve only knocked 50p off the wagering requirements. It’s not too complicated to grasp, is it?
Do I get my bonus in a lump sum, or in installments?
This is a tricky question, but a good one. Every Bitcoin casino acts very differently when it comes to how their bonuses are paid out. Most Bitcoin casinos will give you instant access to your bonus. Others will see their players “unlock” their bonus over time, with the bonus being released in smaller sums. If possible, it is always better to claim a welcome bonus which is offered to you in one lump sum, directly.
Bitcoin casinos which offer a great deposit bonus
There are two amazing Bitcoin casinos which have great deposit bonuses. If you decide to join mBit Casino, you can claim a 110% deposit bonus when you make your very first deposit as a new player at the site. That is above the industry standard for Bitcoin casinos. This means that you’ll get more money for your deposited amount, thanks to a larger match.
Another top site, which has the standard 100% match deposit bonus, worth up to 5 Bitcoins, is CloudBet Casino. This site is great because you claim quite a sizeable number of Bitcoins with the bonus, as opposed to other Bitcoin accepting casino sites.