No Deposit Bitcoin Bonus for 2020
Just a few years ago, it was fairly difficult for players that were onto the latest tech trends to find reputable Australian online Bitcoin casinos. This difficulty was because the cryptocurrency market and Bitcoin were new concepts for the wider population.
As Bitcoin became popular throughout the world and its value rose to ridiculous heights, the number of online casinos that jumped on board the Bitcoin casino train increased rapidly. Bitcoin soon became a widely accepted currency for the general population which lead to several Australian online casinos offering players valuable Bitcoin online casino no deposit bonuses.
Through these Australian online Bitcoin casinos, players can claim free bonus cash or free spins without having to deposit even the smallest fraction of a Bitcoin. This means that players can simply sign up with a reputable Australian real money online casino account, and be rewarded with bonus cash or free spins to use on some of the most popular online Bitcoin casino games and pokies. Read on for a comprehensive look into Bitcoin and our recommended casino bonus promotions and bonus bitcoin reviews, offering players access to the best-value bitcoin casinos in Australia.
Below are the best Australian online casinos accepting Bitcoins.
If you have followed Bitcoin at all over the past 18 months, you would have noticed that the value of Bitcoin has come back from its trip to the ‘moon’ and levelled out to a point which makes it much more manageable for everyday use. The reduction in volatility has led to Bitcoin excelling at online casinos. Keep reading on and we will give you a complete understanding of how Bitcoin is used in online casinos, great tips to playing with Bitcoin through online casinos, and the best way to increase your chances of a big payday with the best Bitcoin online casino no deposit bonus.
What is Bitcoin
Bitcoin is best understood by first separating it into two easy to understand parts. The first part is understanding that Bitcoin is used as a virtual token – think of this like a digital version of those old paper based I.O.U. that you would give friends for lending you money. The second part is Bitcoin as a protocol; a distributed network that maintains a ledger consisting of the balances for the virtual token part of Bitcoin – this network is known as the blockchain.
how does bitcoin stack up against fiat currencies?
Bitcoin is very similar to the traditional fiat currencies like our Aussie dollar as it can be traded digitally; however, it is different in these five ways:
Bitcoin and the blockchain is maintained by volunteer coders, also referred to as ‘Bitcoin miners’, being run by an open network of computers worldwide. Bitcoin mining has drawn popular attention and is the reason for the recent spike in prices and supply of computer parts worldwide.
- Limited Supply
There is no printing of money like traditional fiat currencies. Each hour a small number of new bitcoins are released to the network, continuing to do so at a diminishing rate. There can never be more than 21 million Bitcoins in circulation, so in theory as the demand grows and the supply remains the same, the value will increase.
Initially the underlying concept for Bitcoin was a currency that users could use online and remain unidentified or anonymous, although Governments and law enforcement have found ways to identify users.
The smallest unit of Bitcoin is called a Satoshi – one hundred millionth of a single Bitcoin (0.00000001). This huge amount range is what makes microtransactions possible.
Bitcoin transactions cannot be reversed or tampered with.
What happened to Bitcoin to level the price?
Over the past few years, Bitcoin attracted a mad hysteria. As Bitcoin took centre stage in the media, people everywhere started taking notice and soon enough everyone wanted to ride the wave, while at the same time letting their opinions be heard on everything Bitcoin. Many every day people, like non-typical mum and dad investors had a case of serious FOMO (Fear Of Missing Out), and wanted to drop some cash and get a piece of Bitcoin for themselves, with dreams of waking up one day richer than crazy Clive Palmer himself.
Whether it was wealthy early investors that jumped in on the Bitcoin bandwagon back in 2008, or the average mum and dad’s that were desperately wanting to get their own Bitcoin – leading into Christmas 2017 the Bitcoin bandwagon was overcrowded. The consensus was that you were on the ‘inside’, and it was cool that you cared about not being left in the dust again – the first time being anyone who didn’t purchase Bitcoin on mere dollars and cents before it blew up to the heights of $25,000 per Bitcoin.
Then it happened, the bandwagon burst, and the value of bitcoin began to hemorrhage as media coverage continued fear mongering and the big holders started to liquidate their position in Bitcoin with the fear of losing money.
Sadly, the losers were small-time mum and dad investors who still didn’t know what Bitcoin was and how they got it. What they did know, was that they got in somewhere from 15 to 20 thousand and were now looking at getting out somewhere between 3 to 6 thousand – if they were lucky.
Bitcoin is still kicking away and in 2020 it is gaining traction on another resurgence, this time at a much steadier rate, currently sitting at around $15,000 Aussie dollars. The support is still there for blockchain, and industries are still looking at ways to introduce the blockchain to their businesses. A great example is the highly competitive online casino industry. In Australia, online casinos and online pokies are more popular than ever – offering a relaxed form of entertainment with the chance of snagging a jackpot and changing a life.
How do bitcoin casinos work?
The great thing about Bitcoin online casinos is that they are mostly progressive and quick to offer new technology or promotions. For this reason, when you are thinking about getting into Bitcoin, consider seeing it as another currency like USD or AUD rather than as a gimmick.
What kind of casino games can be played?
Once you have decided to start using Bitcoin to play online casino games, you will find that you are able to play all the same casino games that you would normally play at any of our recommended online casinos. The only difference is that these games have an alternative currency and have slightly different interfaces to include the Bitcoin payments – meaning you won’t have the exact gaming themes you are used to, but your favourites should look similar.
The most common online Bitcoin casino games are the pokies, with standard 3-reel, 5-reel video pokies, 3D pokies, and big money – progressive pokies. If the pokies aren’t your thing and you prefer the traditional table games, you are in luck because many online casinos offering the pokies with Bitcoin as a currency also offer popular games like blackjack, baccarat, craps, sic bo, and roulette.
You can even test your poker knowledge with online games of poker using Bitcoin. Playing online video poker is great, as there is no dealer or other players to ruin your gameplay. Which is very helpful if you are trying to learn to play the game – removing much of the social anxiety that learning to play in your local casino would cause.
How do I bet with bitcoin?
You may be worried because the entire process of obtaining Bitcoin can be complicated at first, but thankfully, betting with Bitcoin with online casinos is really easy!
Betting with Bitcoins in online casino games is no different to the usual wagers you would make with Aussie dollars. The casino games have also been developed so that it is easy to understand and break down your Bitcoin into smaller bets and denominations – all within the standard currency range.
Our expert tip – If you feel unsure about how much you are wagering, use google and search the amount of Bitcoin you are looking to wager per spin or hand with ‘to AUD’ or ‘to USD’. Just make sure that you are taking note of the number of digits that are in your Bitcoin, as with so many digits it is easy to misread or mistype.
Should I try playing casino games with bitcoin?
We certainly recommend playing and betting with Bitcoin as there are many benefits that make Bitcoin very suitable for online casino betting. With Bitcoin, players can make instant deposits with no extra costs. Unlike using Aussie dollars or American dollars, players can withdraw their Bitcoin instantly, and generally without any costs.
Playing with Bitcoin also opens players up to playing the best casino games with great-value bonuses and promotions for Bitcoin, like those offers that our list of recommended casinos currently offering Bitcoin no deposit bonuses.
Looking towards the future and on the back of Bitcoin’s current resurgence – our experts believe that Bitcoin will be around well into the future, and as it continues to develop, the technology will continue to improve. If you are already playing online casino games with your Bitcoin: you will be getting significant experience and more importantly, be generating value on the bitcoin you are holding. Unlike your usual currency winnings, Bitcoin can be making ‘interest’ – as it sits in the exchanges with the value of each Satoshi going up or down.
How to make bitcoin casino deposits
Great! So, you have decided to use Bitcoin as your preferred currency at one of the reputable Australian online Bitcoin casinos on this page – but where do you start? First you need to sign up with your new online Bitcoin casino and create a player account. Once created, follow the on-screen prompts to claim your Bitcoin casino no deposit bonus or free spins.
Play through your no deposit bonus or those free spins and once you are ready to make a deposit, head over to the Bitcoin casino’s banking page.
To hold or make a Bitcoin deposit you will need a Bitcoin wallet, which is very easy to do. A Bitcoin wallet can come in four different types – web based, desktop, hardware, or mobile. Web based are the easiest and most convenient Bitcoin wallets and the type we suggest. There are many web wallets to choose from so just search in Google and select from the list of reputable Bitcoin wallets.
Once you have your wallet, you will need to deposit some funds which can be done using the traditional methods like credit card or via bank transfer. Deposit made? Great, now its time to log back into your online Bitcoin casino and deposit your Bitcoin following these easy steps:
- Head to the deposit page and select Bitcoin (BTC) as your preferred currency
- Select your new Bitcoin wallet from the listed options. If your wallet is not listed, then choose ‘other’
- Copy your unique and private Bitcoin depositing address. This can be a large and complicated series of numbers and letters. Make sure to have a backup of this number elsewhere in case something happens to your account and you lose your Bitcoin forever!
- Login to your Bitcoin wallet and choose the necessary amount you wish to deposit, followed by entering or pasting your unique Bitcoin casino depositing address into the field and complete the payment
- Switch over to your online casino account and you should instantly see a positive balance for the amount you deposited
- Kick back and enjoy playing the best Bitcoin casino games to win Bitcoin and real money at the casino games lobby page
How do I cash out Bitcoin?
Cashing out Bitcoin is quick and easy. Simply head over to the Bitcoin casino’s banking page and select the withdraw option, specifying the amount you wish to withdraw – keeping any specified withdrawal limits in mind.
Next, enter your unique and private Bitcoin wallet address and request your withdrawal. Your Bitcoin wallet balance will reflect your withdrawal almost immediately. This is a prime example of the benefits of Bitcoin and just why tech enthusiasts the world over are demanding technology like the blockchain to be standard – the options are faster and more convenient than the typical credit card and bank transfer methods.
No deposit bitcoin casino bonus rules
Bitcoin no deposit bonuses are increasingly popular in Australian online casinos. The rules and requirements around Bitcoin online casino no deposit bonuses are very simple; they are set out in the terms and conditions for the Bitcoin bonus and readily available for players to check out. These rules and requirements are basically the complete guide of ‘dos and don’ts’ which players need to follow in order to get the most out of their bitcoin no deposit bonus.
We have summarised the common rules and requirements that players will find at Australia’s Bitcoin online casinos offering the best Bitcoin no deposit bonuses:
- Maximum winnings
Bitcoin no deposit bonuses have a limit on the total winnings that can be made from the bonus. These limits can be, for example $100 – and if you are lucky enough to win $1000 with your Bitcoin no deposit bonus, then $900 of those winnings will be forfeited and only the $100 can be cashed out by the player.
- Wagering requirements
Wagering requirements set out the number of times that a bonus must be bet through the online Bitcoin casino before winnings are cashable by players. These requirements come in the form of a number times the bonus value. For example, 30 times the bonus value of $10 – meaning a player can’t cash out until they have made bets totaling $300.
Many Bitcoin no deposit bonuses will also have game weightings which need to be met. For example, 90% of games played with a bonus must be through specific online pokies.
- Identification for withdrawals
Bitcoin online casinos have the right to request players to provide personal identification and verification documents prior to players cashing out any winnings. Examples of these documents could be a driver licence, passport, national ID card, including proof of residence like a recent utilities bill.
- Restricted countries
Although Australia has very player-friendly gaming and online casino legislation, the same cannot be said for many countries around the world. For this reason, all Bitcoin casinos will provide a list of specific countries which are not able to claim Bitcoin no deposit bonuses.
- Specific game eligibility
When it comes to the best Bitcoin no deposit bonus codes, not all games are considered equal in the eyes of an online casino. In many promotions, the differentiation between what is an eligible game is usually kept to online casino games with lower player odds like the pokies. For example, certain games contribute different percentages – like video poker, which might contribute only 5%.
What is the blockchain?
Bitcoin and the blockchain is a system that allows payments to be sent between users without passing through a central institution or authority – like a bank or payment gateway. This system and ledger are created and stored electronically and are produced by huge networks of computers across the world, which are processing this ledger and transfers – otherwise referred to as ‘Bitcoin mining’.
Is Bitcoin a cryptocurrency?
Bitcoin was the first real example of what we now refer to as Cryptocurrencies and was created by a pseudonymous software developer, who went by the alias Satoshi Nakamoto. To this very day no-one knows who Satoshi Nakamoto really is, but the idea behind Bitcoin was to create a virtual currency exchange that was independent of any central authority, and was able to be transferred electronically, securely; verifiable and completely anonymous.
What is the best Bitcoin casino?
There are many factors as to what makes the best Bitcoin casino, and realistically the choice would come down to personal preferences and whether the casino matches with how you like to play. For comparative reasons, the best Bitcoin casinos should be licensed and regulated while maintaining transparency about their processes, and contain a variety of high-paying instant play (online based and no download needed) casino games from the reputable software providers. Match these with quality 24/7 customer support and you have yourself a winner!
What is a Bitcoin wallet and how do I get one?
If you are going to purchase Bitcoin, then you will need somewhere to keep it safe. A Bitcoin wallet is simply the address where you receive, spend, and hold your Bitcoin as well as many other types of cryptocurrency. Bitcoin wallets are free and very easy to use, many include apps that can be installed on your smartphone. The beauty of Bitcoin wallets is that even if you lose your phone or your computer is stolen – you will still have access to your wallet.
How do I use Bitcoin?
The first step is to download a free Bitcoin wallet, which is where you hold your Bitcoin. Once you have purchased Bitcoin using your credit card, or bank transfer through the popular online Bitcoin exchanges like Coinbase or Bitstamp – you can send your Bitcoin to your wallet and then deposit into your unique casino depositing address – which you will find in the player account once you login with your Bitcoin casino.
Can I earn free Bitcoin?
Yes. If you keep checking up on this page, you will find we constantly update our Bitcoin casino no deposit bonuses on offer. If you redeem any of these promotions at Bitcoin casinos, you will be rewarded with a fixed sum of free credits or free spins that can be used to play online casino games for real money. This can then be withdrawn into Bitcoin, guided by the specific terms and conditions of the offers.
Are Bitcoin casinos a scam?
Bitcoin casinos are not a scam, they are legit. They’re just like any other online casino except they also accept and process deposits; allowing players to use the leading digital currency – Bitcoin. Bitcoin casinos are still licensed and regulated by the same organisations that audit for compliance and safety standards, meaning you can choose from a variety of reputable online Bitcoin casinos. Not to mention the best Bitcoin no deposit bonuses you will find!
Are online casinos legal in Australia?
Yes! Australia is a lucky country for many reasons and one of those reasons is that we have some of the best gambling and gaming laws in the world, which is probably why Aussies love to gamble. While we have legislation that restricts the operation of online casinos within Australia, players can play in any online casinos that are operated from outside of Australia. On top of this, any winnings from casino gambling or online casinos are not taxed as earnings for Australians!
Why is betting with Bitcoin such a good idea?
Bitcoin transactions are really fast! They are also confidential too, and the blockchain fees are minimal, so miniscule that you will hardly even feel them. On top of this, most of the Bitcoin casinos will not charge you a fee on deposit or withdrawal of your Bitcoin.
What kind of Bitcoin bonuses can I claim right now?
Through our list of reputable Bitcoin casino bonuses at the start of this page, you will find the very best welcome bonuses, no deposit bonuses, and free spins Bitcoin bonuses on offer with Australian online casinos. We are constantly updating and changing our Bitcoin bonuses, so be sure to check back often or you may miss out!
Why is my withdrawal not being processed?
If you are finding that your withdrawal request has been declined, then there are a few factors that could be causing this issue – wager requirements, blockchain delays, and potential reviews are the common issues. More than likely, this will be down to a simple oversight of not having completed your wager requirements for your most recent bonus. If this is not the case, then your deposit may not have cleared the block chain – or your deposit, play, or withdrawal is currently under review by the Bitcoin casino.
What are the minimum and maximum deposits required?
Through the Bitcoin casinos that we recommend, players can deposit a little or a lot, with many game limits available for players from all situations. When making a minimum deposit, the minimum Bitcoin deposit is the equivalent of 1 mBTC (0.001 Bitcoin). There are no limits to how much you deposit, however, we recommend that players keep their Bitcoin in their wallet and only deposit what they are using as they go. Take advantage of the fast and easy nature of Bitcoin transactions.
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