Crypto Betting Bonuses

Since the great 2020 bull run, cryptocurrencies have seen massive adoption in the gambling industry. One of the big changes for players is that sportsbooks started offering crypto betting bonuses often reaching up to a whole Bitcoin in value, something you wouldn’t normally find in your typical online bookies.

However, the world of crypto can often hide many traps for players. In this guide, we go through all the hot details smart bettors check before grabbing a crypto bonus, as well as how to stay away from scams and get the most out of your deposits. First, we list the best crypto welcome bonuses available from safe bookmakers, so dig in.

Top Rated

All Reviews

Highest Odds

Best Bonuses

Best Bookies

By Region

New Bookies

Best Crypto

Mobile Apps

Best Betting Bonuses

Freebets

Crypto Bonuses

Promo Codes

What Is a Crypto Welcome Bonus?

A crypto welcome bonus is a type of promotion offered by betting sites targeting existing cryptocurrency users, who want to expand their profits, or new users who like large deals. These offers can be claimed by depositing tokens such as Bitcoin, Ethereum, USDT or others depending on the website.

Their increased value comes from the fact that sportsbooks stomach less fees when processing crypto transactions compared to FIAT. This allows them to give bigger rewards, along with fee-less instant and anonymous transactions.

What Is The Difference With a Classic FIAT Bonus?

Besides the obvious difference that one needs a bank, credit/debit card, eWallet or voucher and the other a crypto deposit to be activated there are more subtle details that separate the two. One important difference is in the rollover terms.

• Welcome bonuses with crypto often have smaller rollover percentage and tighter requirements in terms of allowed sports, max bet and time limits. Their traditional alternatives normally allow players to wager their bonus on a broader array of sports and markets while keeping limits more relaxed.
• Another overlooked part is the verification and accessibility. Due to their innate anonymity, cryptos give anonymous bookmakers the opportunity to shave KYC requirements when joining or grabbing an offer. With a global audience in mind some even allow VPN accounts, which come in handy for players from regulation-stricken countries.
• Lastly, we should mention that this freedom can be a double edged sword. Just because a brand is licensed locally and offers its promotions under strong regulatory oversight, doesn’t mean the bonuses are worth the hassle and vice versa. We recommend picking your Welcome Bonus after considering multiple facts that we explore further below in this article.

What Types of Crypto Signup Bonuses Exist?

Crypto offers are not limited to welcome bonuses and reload offers. Bitcoin Bookmakers constantly try to create original promotions that will bring in more players. Cryptocurrencies and their flexibility gave them a new arrow in their quiver. Nevertheless, the most common Bitcoin betting bonuses can be grouped up like this.

Reload Bonus

Another staple in sportsbook products. These offers give you extra bonus funds after a deposit. The percentage boosts here usually range between 20% to 50%. You can claim them daily, weekly, or on specific days of the week.

Free Bet

Freebets are usually matched or risk-free. Matched free bets grant you the cost of your bet slip in the form of a free bet. Risk-free means that the initial stake will be returned as a free bet of the same value if you lose your bet slip.

No Deposit Bonus

Crypto no deposit bonuses are sought after by many players. As the title suggests, a deposit is not mandatory to trigger these offers, which means it’s all potential profit for bettors. Such promotions are usually credited to loyal players or in rare cases to attract new users.

Rebate Bonus

Many bookies give you back a part of your turnover during your first week or month of betting activity; for example, the Stake First Deposit Bonus is a 10% Rakeback on your first losses. Rebates are a common feature in Asian bookmakers. With a rebate of 1% for example, your turnover (stakes) of 100mBTC will grant you 1mBTC in bonus funds.

Refer a Friend

As we have already mentioned, crypto players are valuable to bookmakers. It is common for them to hold a friend referral system, as it is easier for an already-existing member to recommend the site to a similarly knowledgeable friend. Α ideal win-win situation. The bonus might come in the form of a free bet or a one-time no deposit cash bonus.

Loyalty Rewards / VIP

While not as popular as the types above, this method awards loyal players with points after the settlement of an eligible bet slip. These points can be redeemed for cash bonuses and various rewards. For example, placing a 5mBTC bet at 3.5 odds, gains you 175 points. That translates to 0,52mBTC bonus funds according to the offer’s terms. You can say that it is a cashback in disguise.

How to Claim a Bitcoin Betting Bonus

Time to get into action. Do not worry, as claiming a Bitcoin betting bonus is no different and as easy as triggering a traditional one. In this section, we guide you through each step of the process and provide you with valuable tips to remember. Here we go.

• 1
  Register to a Bookmaker: First on the list is finding a legit sportsbook that accepts cryptocurrencies and has plenty of offers to choose from. Our recommended crypto bookmakers allow you to deposit with over 20 tokens (on average), are licensed and include various promotions on top of the Welcome Bonus. Filter them according to your requirements and see which one suits your standards best.
• 2
  Check the Welcome Bonus T&C’s: Read the terms carefully. Then reread them. Make sure your tokens of choice are in the list of coins that unlock the offer. In addition to the terms, it is a good idea to check the generic Bonus fine print for any conflicting terms. If something seems off, do not hesitate to contact the customer support for clarification.
• 3
  Proceed to a Deposit: Time to make the big step and claim your crypto welcome bonus. The vital thing to check here is if you need to type a promo code beforehand, as many bookies require. If not, choose a token and initiate the deposit process. Do not forget to select the welcome bonus, in case this option exists.
• 4
  Start Wagering: Now for the fun part, go to the sportsbook section and start making your bets. The important thing here is that you adjust your selections according to the rollover requirements. Staying within these lines guarantees a faster way to unlocking the maximum rewards.

Crypto Bonus Wagering Rules Explained

Wagering a bonus is the process of playing through an amount of money before you can withdraw any winnings or get the full prize. For example, a 100% welcome bonus with a x10 bonus rollover means that you have to bet 10 times the money received.

If you deposit $100, you will receive an extra $100 in Bonus. To access (or cash out) these funds you will need to bet a total of $1,000 (100 Deposit x 10 Rollover). Sounds straightforward right? Betting companies often add more requirements to this process, and this is what we dissect below.

Which Are The Most Important Rollover Terms?

• Minimum bet slip odds: In order for a bet slip to contribute to the wagering requirements, the crypto signup bonuses always come with minimum odds. Mind odds are usually 1.80 and above for single bets and 1.50 or higher per selection for multiples.
• Wagering time restrictions: Most offers have a 15 to 30 day time period to use your bonus funds. Also, most welcome bonuses mention that they are available to claim up to 30 days after the account’s activation, so keep that in mind.
• Welcome Package: Many Bitcoin bonuses advertise immense BTC amounts that match up your deposit. Yet most of them are packages, not one-time bonuses. That means that the amount that you see can be claimed in a total of 3 or 4 deposits. For example, an offer may claim that it grants a 5 BTC welcome bonus. However, if you click on the terms, you will see that it is a 100% bonus up to 1 BTC for the first deposit, 200% up to 2 BTC for the second deposit and a 50% boost up to 3 BTC for the third deposit. A totally different story.
• Single or Multiples: Bookies do not appreciate very much high-stakes single bets, as it usually shows a competent bettor that can hamper their profits. Many offers exclude singles, and only triples or above count for the rollover requirements.
• Maximum bonus winnings: One of the most annoying terms. To control their risk factor, sportsbooks have a ceiling for maximum winnings from bonus funds. Anything below 10 times the bonus funds shows low value. Let’s make an example for the 10x maximum winnings. If the bonus amount you received is 1mBTC and the winnings achieved with your bonus funds come up to 12mBTC, you can say goodbye to the 2 extra mBTC. Quite unpleasant to say the least.
• Eligible market types: As in all traditional bonuses, Bitcoin deposit bonuses exclude many market types from the wagering requirements. This is another way to reduce the bookie’s risk. Typically excluded markets are second-tier sports, entertainment markets and Asian handicap bets.
• Maximum stake percentage: Sadly there is usually a cost cap for bet slips placed with the bonus funds. Be sure not to go over it, as it would be a pity to get your winnings canceled. Let’s say you deposited 10mBTC. If a bookie has 10% of your bonus amount as the max stake percentage, a betslip’s stake can not be over 1mBTC.

How to Avoid Crypto Bonus Scams

As we explained earlier, the crypto scene resembles the ‘wild wild west’. Lack of solid regulations paired with anonymity, makes it easier to fall for scam bookmakers. In this section, we show you how to scrutinize sites and bonuses and stay safe.

• 1
  Check The Site’s Legitimacy: Ensuring the betting site is legit is number one priority. To check this, see whether the operator has a valid license or is in the regulator’s license holder list. Also, fake clones of reputable brands that offer exorbitant Bonuses should be an instant red flag, which brings us to the next point.
• 2
  Too Good To Be True Offers: If you see a site promoting a huge crypto welcome bonus, like 500% up to 5 BTC, it’s probably a scam. Such rewards are unheard of, even for industry giants, so be extra careful when inspecting such offers.
• 3
  Read The Terms: If the bonus ticks the previous boxes, read the terms carefully. Long rollover periods, high wagering requirements (over 50x), together with tight max bet & cashout limits can make a good offer feel like a ‘prison’ to rollover. Finally, any vague terms around KYC and payments are good reasons to look elsewhere.
• 4
  Choose Trusted Sources: Logging into the betting side of Telegram or X is enough to expose you to many fake bonuses from fake websites and spam accounts. When searching for new bookmakers make sure to check trusted sources. In our bookmaker reviews we expose all the shady bookmaker details other sites don’t.

Which Coins Should You Prefer For A Bonus?

Picking the right coin to grab your Crypto Welcome Bonus is as important as picking the right bookie. The tokens are endless and although it would be helpful to use less significant coins from your bag, creating a portfolio of gambling tokens is the best way to go. Below, we compare 5 popular coins in blockchain gambling across 4 key categories, so you can choose the one that suits you best.

Are Crypto Bonuses Worth The Hassle? - Our Opinion

Although betting with cryptocurrencies has many advantages, when it comes to crypto bonuses the ones who can extract the maximum value are high rollers. With big match up amounts, a solid bankroll is needed to reap the full rewards and roll over a Welcome Bonus.

If you don’t fall in this category but still fancy a good deal, we recommend choosing an offer that allows deposits with USDT, Tron or other low-fee coins, has modest wagering requirements and a large array of sports to use on your betslips. That way you are best positioned for success.