How Are Bonuses Offered on Crypto Betting Sites?

By | May 14, 2021

Bonuses are one of the major attractions used by bookmakers. They are aimed at attracting new clients while also retaining the existing customer base through regular promotions.

There are several ways by which bookmakers offer bonuses, and as a sports bettor, it is vital that you know about the different types of available bonuses. Although these bonuses are very helpful in improving a player’s bankroll, it is always important to check the terms and conditions before you accept them.

Bonuses are offered in various forms. Some are provided on registering an account with the sportsbook, others are given to regular customers while others are given to reward the loyalty of some customers.

When it comes to crypto betting sites, they also provide bonus offers for their new players as well as for regular and loyal players. For those who have played with one form of cryptocurrency or the other, you must understand how bonuses are offered, however, if you have never transacted on crypto betting sites and you’re unsure as to how to get a bonus, this has been clarified below.

Types of bonuses offered on crypto betting sites

Firstly, crypto betting sites as the name implies, are online bookmakers that allow you as a sports bettor to transact and make bets using several forms of cryptocurrency such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and more. Bitcoin together with other digital currencies has become more noticed by the public in recent years, many thanks to the rise in the value of the currencies. With the knowledge of how valuable the currency is, there has been an increase in the number of bookies that accept cryptocurrencies, while some solely focus on cryptocurrency payments. Some online sportsbooks that offer cryptocurrency payments include Stake, Cloudbet amongst others. You can find more of them on the website which has given a detailed review of each of these crypto betting sites.

Due to the heavy competition in the industry, these bookies, like regular ones have begun to provide their customers with several bonuses. The way crypto betting sites offer bonuses includes welcome bonuses, reduced juice bonus offers, loyalty bonus offers, referral bonus offers, reload bonus offers, and more. We have explained how they are offered below.

Welcome bonus

This is the most common type of bonus that is offered by most crypto betting sites. The long-term aim of a sportsbook is to retain their customers, they can only do this by providing them with odds that are competitive in the market and with a great service. Though with countless sportsbooks to select from, there must be an attraction that draws the sports bettor at first. This is the reason for the welcome bonus.

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