Bonuses—the lifeblood of any good casino, crypto or otherwise. If you’ve ever dabbled in crypto gambling before, you’ll know that crypto casinos, in general, offer much bigger bonuses than fiat casinos.
Join me as I investigate why that might be the case. I’ll also compare crypto casino bonuses and fiat casino bonuses up close.
Crypto Casino Bonuses vs Fiat Casino Bonuses
Before I do anything else, I want to look at how bonuses differ at the top fiat and crypto casinos. I chose to examine welcome bonuses, which are typically the most substantial casino bonuses.
Fiat Casino Bonuses
- BetMGM: 100% deposit match, up to $1,000 + $25 bonus
- Caesars: 100% deposit match up to $1,000 + $10 bonus
- Betrivers: Up to $100 in bonus sports bets
- Borgata: 100% deposit match up to $1,000
- Bet365: Up to $100 upon sign-up
- Bally’s: $50 for new players
In summary: As you can see, the maximum bonus on offer seems to be $1,000. For a low-stakes player, this is ideal. But high rollers, on the other hand, may find it too small.
Crypto Casino Bonuses
- BC.Game: Up to $220,000 over your first four deposits
- Cloudbet: 100% deposit match up to 5 BTC (±$325k)
- Jackbit: 100 free spins with a win limit of $100
- GoatCasino: Up to 3 BTC (±$195k) over your first three deposits
- Wild.io: Up to $10,000 over your first four deposits
- Fairspin: Up to $475,000 over your first four deposits
In summary: With the exception of Jackbit, these are some pretty substantial bonuses. These packages are spread across your first few deposits, rather than awarded outright after a single deposit.
There’s no doubt that crypto casinos have bigger bonuses, but why is that the case? You’d think that since fiat casinos are older and more established, their bonuses would be just as substantial.
I’ll explain:
Why Do Crypto Casinos Offer Bigger Bonuses?
There’s no way to tell for sure, but all signs point to the fact that most crypto casinos have laxer licensing and regulatory requirements that allow for higher casino transaction limits.
In other words, the stricter the license, the smaller the bonus—in theory!
This is all speculative, of course, but here are some other potential reasons:
1. Cryptocurrency Offers More Flexibility
Cryptocurrency may offer more financial flexibility than fiat currencies.
Deposits and withdrawals are much faster without needing a third-party intermediary, which reduces friction and processing times.
This efficiency could enable crypto gambling sites to manage their funds more effectively and offer more generous bonuses.
2. Crypto Casinos Need to Compete
Crypto casinos have to work extra hard to attract fiat-first players and crypto players alike. One way that casinos set themselves apart is by offering attractive bonuses.
Cloudbet, for example, is renowned for its 5 BTC bonus, and it’s a major selling point for the brand.
3. Crypto Casinos Have Stricter Wagering
With higher bonuses come higher wagering requirements. You’ll find that most crypto casino bonuses have wagering requirements between 30x to 50x—sometimes even higher.
Fiat casinos, with their smaller bonuses, typically have wagering requirements ranging from 10x to 30x.
Of course, there are crypto casinos, like Winz.io, that have wager-free bonuses, but these are few and far between.
I suspect that the higher wagering requirements lead to many players not being able to capitalize on the bonus money. Therefore, crypto casinos do not always end up paying out the bonuses.
Being sure to read the terms and conditions and plan your wagering strategy will help you avoid a similar issue, if you do choose to snag up a big bonus.
How to Make the Most of Crypto Casino Bonuses
Bonuses can be tricky—crypto or otherwise. But the following tips should help you make the most of them:
- Pay attention to the fine print. Wagering requirements, maximum bets, and bonus expiration dates. These are three clauses that trip players up when they don’t read the fine print. There are also wagering contributions (certain games do not count towards fulfilling wagering requirements) to look out for. Reading detailed casino reviews or carefully examining bonus terms and conditions is essential.
- Mind your budget. Once you know what wagering requirements to expect, be sure to only deposit what you know you can wager. If you’re comfortable with wagering a maximum of $30,000 worth in crypto, then choose a bonus or package that only requires you to wager so much. Otherwise, you won’t see any return.
- Manage your expectations. Nothing in life is free (except this good advice, maybe). Claiming a bonus does not guarantee you’ll see returns. It’s up to you as a player to tick off the boxes until you are able to withdraw.
Final Thoughts
There you have it! Now you know that crypto casinos have bigger bonuses (and bigger wagering requirements to boot).
You also have a few reasons as to why that might be the case.
And finally, you’ve got the top tips to help you make the most of your bonus. All in all, the ball is now in your court.
