NZD vs Bitcoin Bonuses
For the past few years, the global online gambling industry has embraced alternative payment methods including e-wallets like PayPal and Neteller and of course, Cryptocurrency like Bitcoin. More and more players from NZ casinos are beginning to use e-wallets because of the security and simplicity, but Bitcoin represents another option that is gradually becoming more popular.
First launched in January 2009, Bitcoin is a digital currency with cryptology techniques for security, which is why it’s called cryptocurrency. To use Bitcoin at Kiwi online casinos, players will need to select a compatible e-wallet and options like Bitcoin Core and BitGo, two bitcoin wallets that fully verify payments.
Players from New Zealand are passionate about sportsbetting and playing the pokies and although not all casinos offer the New Zealand dollar, there have always been other options like USD, EUR, GBP and of course, Bitcoin. But the question remains, are there Welcome Bonuses linked to Bitcoin? In short, Yes! When players make their deposit with Bitcoin, the bonuses are usually a combination of these types of bonuses:
Bitcoin Casinos – Bonuses
This bonus is for new players when making their first deposit to a Bitcoin casino and much like with any other payment methods, it’s usually a bonus match percentage, for example 100% match bonus on 1 Bitcoin. This means if you deposit 1 Bitcoin, you get an additional 1 Bitcoin of bonus money to play with, so that you’ll start your gaming adventure with 2 Bitcoin.
Much like any other online casino, Bitcoin casinos offer Reload Bonuses, for example get 50% to your reload deposit. Reload bonuses are offered on certain days and the casino usually emails the players to advise when this Reload Bonus is available.
No Deposit Bonuses
No Deposit bonuses are offered with no deposit needed, they’re a reward just for registering an account to a Bitcoin casino. They are very rare however, because Bitcoin casinos don’t want to lose too much money to players.
The No Deposit bonus is a very good way of achieving a bigger bankroll easily without any risk. Bitcoin casino also offer No Deposit Free Spins when you register.
Many Bitcoin casinos offer Bitcoin casino free spins to new players when they just register a new account. This is a way for the casinos to attract new players hoping that when the free spins are used up, the player will make a deposit and continue playing at that casino.
How To Deposit With Bitcoin
Before you can make a deposit with Bitcoin, you’ll have to setup an online Bitcoin wallet, and it works much in the same way as a bank account or PayPal account. There are hundreds of different sites where you can download a Bitcoin wallet, and almost all of them are free.
A soon as you’ve downloaded your Bitcoin wallet, the next step is to purchase Bitcoin, and while they’re freely available on the open market, your wallet will more than likely be able to facilitate a purchase of Bitcoin. The process is very similar to shopping online, you’ll have to provide some basic personal and financial information such as name, credit card number, and a physical address and then you’re almost ready to start playing the slots!
There’s nothing confusing about buying and using Bitcoin to gamble, think of this way, you’re not buying Bitcoin in as much as you’re exchanging your currency for another currency, for example NZD to USD, with the only difference being that Bitcoin is strictly digital currency.
Now that you have your Bitcoin wallet and it’s loaded with Bitcoin, head off to the online casino and load your Bitcoin to your online casino player account. Take note that 1 Bitcoin has a value or around $€100 and if you’re a conservative player and only want to deposit a small amount, when you’re making your deposit, it will be a fraction of Bitcoin, for example 0.1 Bitcoin. However, most online casinos that have Bitcoin as a deposit method will allow you to play your Bitcoin in terms of your own currency, this means that instead of placing .0001 Bitcoin bets, your wagers can be displayed in any currency you choose.
When you make a Bitcoin deposit, you won’t have to enter any credit card numbers or banking details as the casino will only need your Bitcoin wallet address and the desired deposit amount.
Are you ready to deposit with cryptocurrency? Have a look at our Bitcoin casinos and give it a go! We also feature top quality NZ$1 and NZ$5 casinos for those players that want to start with a smaller minimum deposit.