So, why would an online casino give away such offers and deals knowing that they could be handing out free money to players? Immediately after joining a bitcoin casino as a new player, you may be offered a welcome bonus or a no deposit offer. As of 2021, all companies that offer services related to crypto (crypto exchanges, for example) are required to be registered with the FCA, Financial Conduct Authority. It is possible that in some cases (one offer or even both at times) free spins will be woven into the deal, either on selected slots or your choice of games. On this page, we’ll look at everything free spin-related, and we’ll even introduce you to a few top sites to join if you want to prosper from Bitcoin free spin bonuses. They work the same way as other free spin deals at bitcoin betting sites. Betting sites online tend to have a hybrid system (crypto and fiat) or crypto only system where only altcoins – Bitcoin, Tether, Ethereum and more – are accepted. Here are the key ones that you need to know before claiming bitcoin free spin bonuses. Of course, you’ll need to sign up at “the right casino” if you wish to take advantage of these.
You will typically need to deposit to claim these bonuses. Some Bitcoin free spin bonuses have the potential to genuinely cough up top prizes and bolster your balance. Naturally, bitcoin free spin bonuses are always popular with slot players for this reason. As a result, these spins are often only valid on a selected slot, not a plethora of them. You can also regularly find free spins as part of exclusive promos or monthly specials. Don’t expect to find progressive jackpot slots included in free spin deals most of the time. Most free spin bonuses come with win caps in place, meaning that you are unlikely to pocket multi-million-credit progressive jackpot prizes with free spins. This is because, in the UK, free spins cannot be called “free” if they come with attachments such as playthrough rates. In the UK, Bitcoin and other cryptocurrencies are presently not regulated, which means that there are no specific laws that would concern crypto currencies or gambling with crypto, and cryptocurrencies are not considered to be a legal tender. While there is some restriction overall when it comes to crypto gambling and doing business with crypto, as one interesting fact let us note that Bitcoin ATMs are perfectly legal in the UK, so long as they are registered and regulated by the FCA, of course.
Gambling with cryptocurrencies is technically legal in the UK, but of course, there are some things worth mentioning. The UK Gambling Commission, UKGC, is the main authority on regulating gambling. Real money betting platforms must have a license from the UKGC, while some forms of lotteries do not require a license at all in order to operate. Online casinos that are operating from outside of the UK naturally do not have to adhere to laws set by the UKGC, and UK players can of course gamble at those casinos (if they do not restrict UK residents). However, it is worth noting that while gambling regulations set by the UKGC can appear restrictive, they are made with the best intentions in mind that only benefit the players since regulated gambling means that they will not be putting their money in the hands of shady, unlicensed casinos. These six types of gambling are: betting (sports and esports betting both belong to this category), bingo, casino, arcades, gaming machines and lotteries. The UK Gambling Act of 2005 updated and modernized the UK’s approach to online gambling.
Promotional free spins often come with wagering requirements, maximum win caps, and, yes, minimum deposit limits. Wager-free spins are free spin bonuses that come with no strings attached. Why do free spin bonuses regularly appear for certain games and not others? Allow us to continue our journey through the world of bitcoin free spin bonuses by looking at these four main types of promotions. However, free spins extend far beyond those in-game bonuses. The final type of free spins isn’t a promotion at all. Remember, some free spins are wager-free, meaning that whatever you win is yours to cash out immediately. Gaming machines are further divided into several categories, as are casinos (online and brick-and-mortar casinos). In London alone there are over 100 Bitcoin ATM machines and in total the UK owns well over 200 BTC ATMs. This section tells you which games the free spins are valid on. This is usually the case for no deposit free spins.