Crypto betting: what you should know

Even though the crypto space has been hit badly by scandals like FTX’s scam and subsequent bankruptcy, there’s still interest in cryptocurrencies, especially in crypto gambling.

Some people want to get started with real crypto as they test the waters. If that’s your case, this guide will show you how to get started on crypto gambling without buying any bitcoin (BTC) satoshi at first.

Is it possible to gamble in crypto casinos without depositing any coins?

Yes, it’s possible to gamble on crypto casinos without depositing any real crypto beforehand. Since this segment is still in its infancy, these platforms are trying to land more customers using free money promo codes.

Crypto gambling using promo codes

For example, CSGO bitcoin gambling gives its users free credits to bet on games such as slots, poker, blackjack, and more. You can deposit crypto here on CSGORadar. 

Any winnings from free credits can be used to gamble even more. Alternatively, users can cash them out in their choice cryptocurrencies like BTC, LTC, ETH, SOL, USDT, DOGE, and more.

You must find these free money promo codes, claim them, gamble, and cash out the profits. While free credits are good to get started, most offers are limited to $0.50, $1.00, or $2.00. The only flexibility for users is that they can claim multiple codes monthly by keeping up with tabs on the latest updates of the crypto casino via email or social media.

Are the promo codes free money?

Promo codes allow users to have free money for crypto gamblers. However, they are tagged with wagering requirements. Therefore, you must read their Terms and Conditions (T&C) before claiming the bonus. This way, the gambler will know all the applicable conditions and how best to unlock winning bonuses.

Here’s a scenario:

Let’s imagine that you bet the money you got from the free money code – $1.00 – and you managed to score an x500 win on Crash… only to find out that your winnings will be limited to only $50. The best way to avoid these scenarios is to read the T&C to check that everything is all right.

How much can you win?

Using free credits from promo codes means the gambler can win as much as the crypto casino allows. This is why gamblers should first read applicable T&Cs before claiming any bonus. There are limits. However, gamblers must ensure that those limits are as high, enabling them to use free credits on bets with high-profit potentials.

Can you build a fortune?

Once you’ve landed on a free money promo code with a high limit for winnings, you can choose any of the following approaches:

High-risk, high profit

You can use the free money you get to bet on high-risk games. The option here would be Crash because you can bet the free money code, let it ride, and get out in time before it crashes. If you’re lucky enough, you can make profits.

The free money collector

Crypto casinos regularly give away free money codes. Crypto gamblers need to claim them as soon as they release new bonuses. You need to follow them on social media and join the chat parties to keep up with the latest updates.

Slow but steady

If you collect free money codes, you can accumulate them to build a bigger bankroll. Afterward, you can manage funds using a conservative gambling strategy. It will be slow, but you can grow it over time.