Comparing Fiat vs. Crypto Casino Bonuses: Which Offers Better Value for Players?

Cryptocurrencies have become more mainstream. As a result, they’re not just a tool for investing, but also an option for online casino gambling. If you haven’t dipped your toe in that particular pool just yet, now’s a good time to reevaluate. Lots of casinos accept fiat and crypto.

That’s great news, because you don’t need to worry about choosing your payment method before you choose your site. However, it’s worth thinking about the options before you claim your bonuses. Is crypto going to get you better value than fiat bonuses? We examine the two and find out.

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Fiat vs. Crypto

Before you pick a bonus, it’s a good idea to know how it’ll look if you choose fiat over crypto or vice versa. The biggest differences are transaction times, fees and accessibility. Fiat is widely accepted, but, of course, you’ll need to find a site that allows transactions in Australian dollars. If not, you’ll face potential exchange fees.

Crypto is becoming more widely accepted at casinos, but you’ll still need to look around for a trustworthy site. Where it stands out, though, is in the transaction speed. Your deposits and withdrawals will usually occur in minutes. On the other hand, fiat withdrawals, in particular, can take days. Keep in mind that your crypto wallet will have transaction fees, though.

Claiming Casino Bonuses

One of the perks of playing at online casinos is claiming bonuses. They come in a variety of formats. These promotions are different from in game bonuses, which are the features and fun rounds you look forward to when playing slots and other titles.

Casino bonuses can be tied to your deposit or a reward for loyalty. Popular offers are deposit matches and free spins. You can also see cashback, no-deposit deals and loyalty points. Let’s focus on the ones tied to your deposit. In this case, it matters whether you’re using fiat or crypto.

Many regular casino offers will list excluded payment options. It’s common for crypto deposits to be ineligible. In that case, you’ll need to seek out a crypto bonus. You can only claim them with a cryptocurrency deposit.

Fiat Bonuses

Unless a site is crypto-only, most of the offers you’ll come across will be fiat bonuses. They have an advantage in that you can find them really easily. That means there’s more choice for you to shop around and get a deal at a site that suits your needs.

Another advantage is that you can find lots of offer types. If a site accepts fiat and crypto, it might have a crypto welcome bonus. However, in some cases, the regular promotions will focus on fiat, not crypto.

While these promotions are numerous and widespread, there are some downsides. Each bonus is different, but more often than not, crypto bonuses are bigger. They typically have higher match percentages or higher maximum rewards.

Crypto Bonuses

So, you might need to look around a bit more for crypto bonuses. However, when you find them, you can get some excellent deals. Many crypto welcome offers are actually packages with high percentage matches. Often, you can find offers matching 200% or 300%.

What’s even better is that the total match you get back can be equal to 1 BTC. Large bonuses look and sound great, but it’s important to check the wagering requirements. Some crypto bonuses have high wagering requirements, going up to 60x or even 80x the bonus amount.

There’s potential for crypto bonuses to become easier to find and access. The Australian government are currently reconsidering crypto regulations. They’ve acknowledged the importance of keeping up with the pace of change.

Getting the Best Value from Casino Bonuses

Players will always seek out promotions. Casinos will keep offering them, as they’re a great way to attract and keep customers. They work because it feels like getting something for free. When that happens, it creates a positive mood boost.

The truth is that players do get extra funds or spins to play with. However, understanding the value and getting the most out of bonuses is more complex. The size of the bonus is only one element. So, when determining if fiat or crypto bonuses are a better value, you’ll need to look at everything in balance.

A high percentage match is good, as is a high maximum value, which is what you find with lots of crypto bonuses. Don’t forget to weigh that up with the wagering requirement, minimum deposit and expiry period. These will all be stated in the bonus terms, so check them out before claiming.