No Deposit vs Wager-Free Bonuses at Crypto Casinos: What's Better Deal?
The world of crypto casinos is fascinating. Thanks to thousands of games, the fun never ends. But do you know what's even better? You can use various bonuses to play all these games longer and have more opportunities to win.
In this article, Crypto Gamba analyses two crypto casino bonuses players love most: no deposit and wager-free bonuses. What are these, and which is a better option for you? Stay tuned to find out.
Understanding Crypto Casino Bonuses
Before we compare no deposit and wager-free bonuses, we want to introduce them to you properly. Knowing what a certain bonus offers and how it works is key to understanding how to benefit from it.
What Is a No Deposit Bonus?
As its name indicates, a no deposit bonus is a bonus you get without a deposit. Typically, it's awarded to new customers right upon registration. So, a no deposit bonus is a marketing tool that casinos use to attract players to join a casino.
What can you get through a no deposit bonus? Well, it depends on the casino that offers one. At crypto casinos, you'll usually find free spins with no deposit. However, some may offer exclusive no deposit bonuses where you can also grab some free cash.
Whichever is the case, don't expect to become rich using this kind of bonus. It comes with many limitations, starting with how much of your winnings you can keep and cash out. Also, you must meet a wagering requirement to withdraw your no deposit bonus winnings. So, at the end of the day, you must make a deposit to take advantage of this incentive.
How to get a no deposit bonus:
- Sign up with a crypto platform that offers a no deposit bonus
- Enter a bonus code if needed
- Claim free cash or spins
- Load the slot you've received free spins for, or play eligible games to your liking
- Wager real money to complete a playthrough
- Cash out your winnings
No Deposit Bonuses: Pros and Cons
Now that you're familiar with no deposit bonuses, you should know their advantages and disadvantages.
Pros
- Great for newbies
- Risk-free play
- Can be converted into real money
Cons
- Limited availability
- Subject to wagering requirements
What Is a Wager-Free Bonus?
Again, we have a bonus with a self-explicatory name. Wager-free refers to the lack of wagering requirements you must meet to turn your winnings into real cash. Unlike no deposit bonuses, these require a deposit which varies from one promotion to another.
In most cases, wager-free bonuses, also known as no wagering bonuses, come in the form of free spins. You get a batch of free spins, you play them, and you can keep what you have won. Sometimes, the operator may limit how much you can cash out, though. One of the best crypto gambling destinations where you can claim wager-free free spins is Jackbit Casino.
Another common wager-free bonus format is cashback. For instance, at Wild.io, you can grab a 10% daily cashback bonus with no wagering requirements for two weeks straight. This bonus can help you get back a share of the losses generated on live dealer games. As soon as the funds are credited to your account, you can cash them out.
How to get a wager-free bonus:
- Create an account with a crypto casino that offers a wager-free bonus
- Make a deposit
- Play the games the wager-free bonus applies to
- Cash out your winnings or cashback
Wager-Free Bonuses: Pros and Cons
Do you want to know the reasons why you should use wager-free bonuses? Should you think twice before claiming them? Keep reading.
Pros
- Instantly available for withdrawals
- Easy-to-understand T&Cs
- Best value for money
Cons
- Require deposits
- Cashout limits
Bonus Showdown: Which One Wins?
When it comes to casino bonuses, you've got to give something to get something. No deposit and wager-free bonuses are the best examples of that. Still, the subtle differences between the two can help you decide which is better for you.
With a no deposit bonus, you don't have to invest anything to get free money or free spins, which is its biggest advantage. So, you can start playing immediately. However, if you get lucky and win, you won't be able to withdraw your gains outright. Instead, you'll be required to wager some real money until you meet the wagering requirement. The good news is that the required amount won't be that high since no deposit bonuses are typically on the smaller side.
On the other hand, to claim a wager-free bonus, you must spend some money at the casino. Depending on the bonus, you may get free spins without wagering requirements or earn wager-free cashback. In both cases, the funds you earn through the bonus are yours to keep. Keep in mind that certain limits regarding how much you can withdraw may apply.
So, when comparing no deposit and wager-free bonuses, we can conclude that the former is a better option for novices and players on a budget. They let you explore casinos with no risk involved. However, you'll need real money in the end to convert this bonus into withdrawable funds.
As for wager-free bonuses, we think they are more valuable even though you must deposit to take advantage of them. As such, these are a better option for regular players familiar with crypto casinos and games.
Marija Misita
Crypto Expert
Thanks to her journalism background, Marija has a methodical approach to writing about crypto casinos. With years of experience in research and analysis, she aims to provide clear insights into the world of crypto and online gaming and the points where they intersect. Whether discussing industry trends, regulatory changes or game mechanics, accuracy is her top priority.
