Why You Should Read Your Crypto Casino Welcome Bonus Ts and Cs
$5,000 Welcome Bonus
Meta: Here is a closer look at why players are always urged to read their online casino bonus terms and conditions when accepting an offer.
When you sign up to an online casino to play games for real money, you can usually claim the new player welcome bonus. It’s often a matching deposit bonus, but it can be free spins or a no deposit bonus.
Before accepting an online casino bonus, the best thing to do would be to take a few minutes to read through the terms and conditions attached to that bonus.
Most players fail to read the Ts and Cs, which can lead to disappointment. Let’s dive straight in to find out why it’s important for online casino players to read bonus terms and conditions.
The terms and conditions will tell you the best way to get the most out of your bonus. There are certain things you must do when claiming your bonus; otherwise, you might end up losing any winnings you have made from your bonus money.
For example, if you prefer to deposit with the Ethereum (ETH) cryptocurrency, you may find that cryptocurrency is not included in the welcome bonus.
The Ts and Cs will tell you if your preferred payment method is included in the bonus. If you’re interested in learning more about Ethereum bonuses, you can click here to explore the best ETH online casino bonuses. Alternatively, you can head directly to the official dappGambl website.
What else can the Ts and Cs tell me?
Some of the other important things the terms and conditions can tell you about the online casino bonus you have just claimed are things like:
- Wagering requirements (which are also sometimes referred to in the iGaming industry as rollover requirements or playthrough requirements)
- How much time you have to complete your wagering requirements (e.g., 24 hours, one week, two weeks, or, usually, no longer than one month)
- Which games contribute more per $/€/£1.00 wagered towards completing your wagering requirements
Let’s take a quick look at what some of this means. The wagering requirement is the amount of money you must wager before you can make withdrawals. Most online casino bonuses today have a 30x to 50x wagering requirement attached.
The lower this amount, the better it is for you as a player, meaning you need to wager less money before withdrawing your bonus winnings.
If you claim a 100% match bonus worth $/€/£50 and deposit the full amount, and that bonus comes with a 30x wagering requirement, you would have to wager $/€/£1,500 before you can withdraw.
Also, be aware that the initial deposit amount may also have to be wagered (on top of the bonus money wagering) before you can withdraw.
Therefore, in this case, you would need to wager $/€/£1,550, not $/€/£1,500, before you can withdraw back onto your preferred payment method, whether that’s a cryptocurrency, digital wallet, bank card, or bank transfer.
Final note
The other thing that you need to be aware of, which you can easily find in the Ts and Cs, is that it’s usually only the online slot machines that will contribute more towards completing your wagering requirements than any other games.
Other games may only contribute as much as 1.00% to 20.00% per $/€/£1.00 wagered towards getting your wagering requirements done and dusted, whereas most slots always contribute 100%. In other words, to get your wagering requirements out of the way in as little time as possible, only play selected slots stated in the Ts and Cs.
* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.
