Live Casino Bitcoin Bonuses

To qualify for a bitcoin bonus you will have to make a minimum deposit. An example of a minimum deposit bonus could be as follows – Get a 100% bonus up to 0.017 BTC on your next deposit when you deposit 0.00085 BTC or above. Here, the minimum deposit amount is 0.00085 BTC and any deposit under this value will not qualify for the 100% bonus.

Let us take a look at the previous example again – “Get a 100% bonus up to 0.019 BTC on your next deposit bonus for deposits of 0.00085 and above”. In this example, the max bonus that you can be awarded irrespective of how much you deposit is 0.017 BTC. So, for instance, if you were to deposit 0.034 BTC, you would still receive only 0.017 BTC, despite it being only 50% of your deposit amount since this is max bonus limit.

The max cashout limit is different from the max bonus limit. Basically, it indicates the amount you can potentially withdraw from a certain bonus offer. So, if the max cashout is 0.010 BTC, even if you received a bonus amount of 0.017 BTC and made a further 0.0036 BTC playing with the bonus, you can only withdraw 0.010 BTC. Any bonus amount over the max cashout limit can be used to play further at the casino, but cannot be withdrawn.

Wagering requirements are often expressed in such formats – 10x of deposit + bonus, 35x of bonus, 40x of bonus, etc. Wagering requirements are a condition applied by a casino in order to stop a player from claiming a bonus, withdrawing it and then walking away to do the same thing at another casino. In a nutshell, wagering requirements thwart bonus abuse by not allowing players to withdraw their bonus funds until they have played at the casino with a certain amount of their own money.

Let’s take a simple example to break this down – consider a 100% deposit bonus has a wagering requirement of 10x and you make a deposit of 0.017BTC. In this case, you will receive a bonus of 0.017BTC. However, before you can withdraw the 0.017 BTC, you will have to wager 10 times this amount and playthrough it. Therefore, only after you wager 0.17 BTC of your own money will the bonus amount become unlocked for withdrawal.

Depending on the type of bonus you have claimed, there could be one or more time – limits on the bonus that can determine whether or not you actually profit from the bonus whatsoever. Let’s consider a few examples to clarify the different forms of time limited conditions. Example 1 – claim your bonus within 7 days of signing up – in this case, you have 7 days to make a deposit and claim the welcome bonus and failing to do so will mean that the bonus expires and you can no longer avail it.

Example 2- Get 10 free spins on your first deposit, valid for 10 days. In this situation, you receive 10 free spins but you must use them up before 10 days from when they were issued or they will expire. Example 3 – get a 100% deposit bonus (wagering requirement of 10x must be completed within 10 days).

In this last example, the time limit is imposed on how long you have to complete the wagering requirements, failing to meet the wagering requirements within 10 days of receiving the bonus will result in the bonus and any winnings generated from the bonus being forfeited.

The game contribution percentage has to do with the completion of wagering requirements. Let us assume you have to wager and playthrough $100 to meet the wagering requirements and withdraw a bonus you have claimed. In this situation, a $10 wager made on a slot game may count 100% towards the completion of the $100 requirement. However, only 25% of a $10 wager made on a blackjack game may be counted towards the $100 wagering requirement. Usually, games with a high house edge will have a 100% contribution percentage while games with a low house edge may contribute lower or not at all.