Who would have thought that the greenback’s position as the world’s most important currency would ever be challenged, and challenged by a digital currency at that? Well, Mr. Dollar and other fiat currencies of the world, brace yourselves – there is a new sheriff in town. Cryptocurrencies such as bitcoin are slowly taking over the world of online payment, and both sportsbooks and casinos have jumped on the bandwagon and took them as their own. The key to the success of bitcoin and cryptocurrencies in sportsbooks and casinos are cool welcome bonuses that are accompanied by many other amenities that go with using bitcoin. Below, we are going to talk about all the different types of a Bitcoin Sports Welcome Bonus. Keep reading to find out more information on the matter.
We highly suggest checking the promotions on the Coinbet24 Bitcoin Sportsbook.
What is a Bitcoin Sports Welcome Bonus?
Bitcoin sports welcome bonus refers to the bonus funds new players receive from their preferred sportsbook or an online casino once they open accounts for the first time and make an initial deposit using bitcoin (BTC).
Bitcoin Sign Up Bonus vs. Conventional Welcome Bonus
Although they serve the same purpose, there are differences between bitcoin sign up bonuses and conventional welcome bonuses. The leverage that BTC welcome packages hold is seen, for example, in how many bonus bitcoins you stand to receive or how often bonus BTC can be used. There are many advantages of using BTC as your payment method in sportsbooks, and the following are the most prominent ones.
How do these bonuses work?
As a rule of thumb, every bonus that comes in the form of bitcoin is far greater than the ones accessible through fiat currency deposits. While deposit bonuses for regular currencies are commonly 100% match bonuses, they rarely exceed the range of $100 to $500, whereas the welcome bonus BTC is often valued at $1,000 plus dollars. Also, given this year’s bitcoin range that is between $4,000 and $10,000 and that keeps on growing, you stand to receive even more.
BTC was created to make transactions completely anonymous, so there are no written records of any payments you make or bonus BTC received. With conventional payment methods, you will have to submit personal documents, the place of residence, phone number, etc. to your sportsbook and online casino to make a withdrawal.
When compared to the costs of transfers, deposits, and withdrawals using conventional currencies, the expenses of BTC are negligible. There are no intermediary banks and payment institutions to claim their slice of the pie, and these micro fees for having your transactions confirmed on the blockchain are most likely built into the structure and handled by your BTC wallet. Also, if you wager your bonus BTC, no fees will apply and strip away your potential winnings, so you can maximize on whatever bonus bitcoins you might have received.
Safety and Security
Not only are BTC transactions cheaper, but they are also significantly faster. With BTC, you won’t have to wait for days for your withdrawals and deposits to be processed. In most cases, you can fund your account almost instantly and complete withdrawals within an hour.
All transactions using BTC are protected by blockchain technology behind it. The blockchain does not only protect your identity and info but also makes it impossible to counterfeit BTC. Also, there wouldn’t be a link between your identity and the winnings you make. So, if you value privacy in terms of paying taxes on your winnings, you will be in the clear with BTC. Remember that to deposit bitcoin and activate any bonus, you need a Bitcoin Wallet first.
Types of Bonuses
Bitcoin Sports Welcome Bonus
When you set up an account in a sportsbook, you will receive a bonus on your BTC deposit. Sportsbooks frequently give 100% match welcome bonuses worth $1,000 and more.
Bitcoin Promo Code & Bonus Code
Sometimes, it is required to type in a specific BTC promo code to gain access to the bonus. That’s why it is essential to be on the lookout for bonus code offers.
Bitcoin Reload Bonus
Bitcoin reload bonuses are bonuses you get when you reload your account with BTC funds. Sportsbooks usually offer extra funds that can be as much as 50% of each qualifying deposit you make using BTC. The main strength of this bonus is that you can use it many times. This is not the case with the welcome bonus that’s available only once.
Free Bitcoin Sign up Bonus
In essence, free bitcoin sign up bonus is a no deposit bonus. It gives you a portion of BTC to use for your bets without having to make a deposit. This way, you will learn about the betting site and get the hang of the games.
Coinbet24 Bitcoin Sports Welcome Bonus
To find the best bitcoin bonuses, visit the Coinbet24 Bitcoin Sportsbook & Online Casino. The Promotions Tab holds bonuses for players on the sportsbook as well as players on the casino. There is a welcome bonus but there are additional ones as well. On top of that, visit the Coinbet24 online blog to find the latest information about bitcoin, sports betting, as well as online casino games.