How Does a Bitcoin Casino Work? Tips on Free Spins & Bonus Money!
Many online casinos offer various bonuses as well as free spins on their gaming websites. Free spins from most of the deposit bonuses are divided into several categories:
Free Spins on the welcome bonuses are given out at the time of sign up. Free welcome bonuses in an eCOGRA partnership include: first deposit bonus, second deposit bonus, third deposit bonus and so on. Some of the casinos might also offer a welcome bonus as part of their sign-up bonus when you refer new players to their website. In some cases, casinos may also offer free spins as part of their welcome bonuses when you refer new members to the website.
Other bonuses such as btc, bonus coins, and bonuses in return for referrals to buy or sell bitcoins are also offered in some cases. In some cases, casinos offer free spins as part of their welcome bonuses after you refer three friends to their website. Welcome bonus is a kind of micro transaction, and sometimes it is not visible to the casino public. You are actually signing up to receive small payments / incentives from your favorite online casino. The transaction itself is anonymous and protected by highly secure encryption.
It is important to remember that the freebie that is offered in some cases may not be valid. For example, free spins of Cryptocurrency deposits through an eCOGRA partnership might not be real. But when you sign up for any of the several other Cryptocurrency websites, you will automatically be given a first deposit bonus, just like when you go to any of the eCOGRA partner websites. This first deposit bonus may be in the form of welcome bonuses, lower jackpot amounts, or free tournament entries among others.
The main goal of these bonuses is to encourage new players to play more often in the hope that these people will become regular customers of the said website. Hence, these bonuses can sometimes represent real monetary profits for these people. The higher the number of these personas, the larger the potential for financial gain is for this casino. Thus, it is not uncommon for a smaller website with only a few players to have 40x bonus money.
But like any other casino game, these bonuses do have certain disadvantages too. Most importantly, there is no transparency in the process. There are no requirements for these cryptocurrency casinos to disclose the source of their main deposit bonus funds. Hence, while you can earn from these free spins, you might not get full value for your investment.