One of the biggest downsides to playing with an online crypto casino is losing your money. Thankfully, cashback bonuses help minimize this loss by taking the sting of loss away.
In this guide to crypto casino cashback bonuses, we will look at what these bonuses are and how you can use them to lessen whatever loss you might be expecting.
A cashback bonus is an incentive offered by crypto casinos to help mitigate your losses. This works by offering you a percentage of your losses back in cash so that you can play for longer without spending too much money.
How Cashback Bonuses Work
As the name implies, cashback bonuses give you cashback on any money that you may lose while playing casino games.
Sadly, these bonuses only operate on losses that you may occur. Therefore, if you have an active cashback bonus and go on a winning streak, you won’t receive anything back-which isn’t a big deal considering you will still be winning and therefore ahead.
Instead, if you begin losing, you will receive a percentage of whatever amount you lose back from the crypto casino. This money can then be used to continue playing without having to deposit more.
It should be noted that many cashback bonuses come with limits to the amount of money you can reclaim using the bonus. This limit could be imposed on cashback received over a specific timeframe or based on how much you receive based on your player account.
Requirements of Claiming a Cashback Bonus
Cashback bonuses, like any other bonus offered by crypto casinos, sometimes come with requirements attached to claiming them.
These requirements are usually significantly less severe than any other bonus and are usually achievable-even if you aren’t someone who plays regularly.
Some of the requirements that may be attached to crypto casino cashback bonuses are listed below.
Wagering Requirement
Wagering requirements are one of the most common conditions to almost all casino bonuses. These require that you spend a specific amount of your own money in order to claim your bonus.
Thankfully, cashback bonuses usually come with significantly smaller wagering requirements (usually between 5% and 10%) than other bonuses.
Date Requirements
Some cashback bonuses come with a date or time requirement. This means that the bonus is only active on specific dates or at specific times. This means that if you play outside of the active times or on days where the bonus is not active, you won’t receive any cashback on losses.
Game Requirement
Some cashback bonuses specify the types of crypto casino games that you can play to be eligible to receive cashback. If this is the case, you will need to play only the specified games. Playing any other games will not give you cashback on your losses.
Claiming a Cashback Bonus
Cashback bonuses may be offered to all players on a site as part of a promotion or as part of a welcome bonus. However, the most common way to receive one is as part of a loyalty or VIP program.
Your tier within the loyalty program will determine not only what percentage you get back on your losses but also what other requirements are attached to your cashback bonus.
Claiming a cashback bonus as part of a site promotion can usually be done simply by activating the bonus from within your player account. This is usually located under the Offers, Promotions, or Deals section of your account dashboard.
If you receive a cashback bonus as part of a loyalty program, the cashback may automatically be added to your player account on a scheduled basis. This could be each time you log out, once a day, or even once a month.
Traditionally, cashback bonuses offered through this reward program method are much more generous and, on some crypto casinos, could offer up to 25% in cashback if you are on the highest loyalty tier.
Conclusion
Crypto casino cashback bonuses are a fantastic way for casinos to help you minimize the losses that you may experience while playing. It is also a great way to make your money go further.
Therefore, it is always worth checking if your chosen crypto casino offers any form of cashback bonus-whether as a promotion or as part of a loyalty program.
A crypto casino cashback bonus is an incentive offered by crypto casinos that allows you to reclaim some of your losses in cash credited back to your player account.
This works by calculating your total losses while playing and then crediting a percentage of these losses back to your player account.
How to get a crypto casino cashback bonus?
Cashback bonuses are offered in one of two ways. Either as a crypto casino promotion that can be claimed by all players or as part of a reward (or VIP) program offered by the casino.
To be eligible to receive a cashback bonus, you will need to meet all the bonus’s criteria as set out in the terms and conditions.
Can I withdraw my crypto casino cashback bonus?
The ability to withdraw from your player account any credit gained from a cashback bonus depends on the crypto casino that you are using. Each casino has its own policy regarding this.
Because cashback is offered to allow you to continue playing, some casinos may not allow you to withdraw this money. However, many of the best crypto casinos do allow you to withdraw it.
Do crypto casino cashback bonuses expire?
Some crypto casino cashback bonuses are for a limited duration of time only. This is usually if the bonus is offered as part of a site promotion and not as a reward program bonus.
If this is the case, it is best to check the terms and conditions of the bonus to see what dates it is active.
Who can get a crypto casino cashback bonus?
Crypto casino cashback bonuses are generally available to all players (new and old) if they are offered as part of a site promotion.
However, as most cashback bonuses are offered as part of a casino’s loyalty program, you may need to be an existing player who regularly uses the casino to be eligible.
