Key Differences Between Regular and Crypto Bonuses

Regular and Crypto Bonuses: Understanding Key Differences

Cryptocurrencies were once a luxuryreserved for only a few people who had access to and understood them, but thisis no longer the case. Today, people can find all kinds of digital currenciesand some of them have made their way into the world of online betting. Thevarious operators offer interesting services and will also allow Regular and Crypto Bonuses to access different types of bonuses.

Speaking of promotions with crypto, theserewards are slightly different compared to the “ordinary” deals that people canfind. It is essential to understand the differences because this will help youa lot when you decide to give them a try, so here’s what you should know.

The nature of thecurrency

The most obvious difference between thestandard bonuses and those that are offered in cryptocurrency is the type ofcurrency used. Things like the Fortunejack bonus codes can let you get an impressive proposal,but you can only trigger it if you make a crypto transaction, so you have to bevery careful when depositing. Fortunately, these offers are straightforward touse because you will usually just need to deposit with crypto.

The bad news is that not all sites offer these deals that are that easy to usebecause they often change the conditions. For example, the minimum depositrequirement will change a lot because it depends on the current value of thespecific digital currency. The value of every crypto coin can fluctuatesignificantly over a short period. This means you need to be very careful whendeciding to use something, as it may no longer be as attractive as it oncewas. 

We recommend checking the T&Cs of thebonus you want to use and then checking the actual price of the specificdigital currency in question.

Accessibility andRedemption

People who have used regular bettingbonuses know that they are easy to access and redeem. There is really no needfor any special knowledge or tech because bookies have made everythingstraightforward

For better or worse, this is not the case when it comes to crypto offers. Thesekinds of rewards can present challenges in terms of accessibility andredemption. For starters, you will need to have a crypto wallet and someknowledge of cryptocurrency transactions and security.  Setting up acrypto wallet can be challenging on its own because there are tons of optionsout there and each one has its advantages and disadvantages.

Aside from that, some of the platformsthat offer crypto bonuses also have a complicated redemption process. Theycould require you to convert the crypto into fiat money and then convert itback again. All of this takes time, and it can also cost additional fees. 

Transaction Speed andFees

With regular betting bonuses, people canusually get what they want right away. Most deposits are instant and websitesensure that users won’t have any difficulties when trying to get what theywant. Sadly, not all crypto operators offer such refined services yet, so youmay have issues. 

If you examine most cryptocurrency offers,you will notice that they are often subject to longer processing times andhigher transaction fees. That’s mainly because the speed of the transactiondepends on the specific network. In the case of Bitcoin, most transactions takelonger to confirm when the network is congested and the fees can be really highif you decide to move funds during peak times.

It is possible to find altcoins that havesmaller fees, but the process to obtain them can be significantly slower. Theseare just some of the risks of online betting withcryptocurrency that you need to be ready for before you start playing. 

Security and Privacy

This is probably one of the departmentswhere you will find the most difficulties between regular bonuses and thosewith cryptocurrencies. Traditional offers can be susceptible to fraud andidentity theft because they require you to confirm your ID and otherinformation before using them.

Crypto bonuses, on the other hand, have alevel of privacy that many people will find appealing. Since the transactionsare recorded on the blockchain, they are not tied to your personal identity. Inother words, if you want to get a bonus, you do not need to reveal tons ofprivate data.

Whether receiving a bonus or making acryptocurrency transaction, there are also some downsides to these types ofmoney transfers. Sure, the anonymity is a plus, but if something happens, thereis no central authority that you can go to for help. This means you have to bevery careful about how you make your transactions and who you’re sending moneyto.