Bitcoin Casino Free Spins Deals – Top 3 List ByJames SpillanePRO INVESTOR Updated: 29 October 2021 Free spins are a form of reward online casinos give to new players and an incentive to play Slots on the site, often alongside a deposit bonus and sometimes as a standalone or ongoing VIP promotion. You can earn free money as any profits you make from using the free spins in Slots games goes into your account balance. However there will be a wagering requirement on those profits, which you will need to spend more time at the Slots reels in order to play through, before you can withdraw winnings. For example if you win 0.1 BTC at a Bitcoin Casino with free spins, you’ll need to wager about 3 – 4 BTC of your own money that you deposit, before you can claim the winnings that you made with zero risk. mBit - Best Bitcoin Casino with Free Spins Our Rating 320 - 1000 Free Spins Choose from two bonus packages, and three Slots games Only a 0.006 BTC deposit for 1000 Free Spins 14 Days to Clear Profits Extra No-Deposit Free Spins for VIPs Visit Site Wagering requirement: 35 - 40x Best Bitcoin Casinos with Free Spins in July 2022 The following are Bitcoin casinos where you deposit and play with BTC, and get free spins as a new signup. Our Bitcoin gambling experts rank the best Bitcoin casinos by the amount of free spins on offer, the difficulty of the wagering requirement, and whether free spins are a regular ongoing promotion. 1. mBit Casino – 320 Free Spins Alongside their 110% up to 1 BTC first deposit bonus, mBit Casino give you 320 free spins, providing you make a minimum deposit of 0.005 BTC or more. These are applied to your casino account as an instant 20 free spins then six instalments of 50 free spins daily, over 6 days. Make sure to use them as they come in as they expire after 24 hours from the time of issue. You can use them to play three popular Slots games – Lucky Sweets, Slotomon Go, and Scroll of Adventure. Any profit you earn from those three Slots games with the free spins is then yours to keep, and mBit writes on their website that you can ‘trigger massive wins’. The catch though is to withdraw your winnings you have to meet a wagering requirement of 35x on your total winnings within a time limit of 14 days. How this works is, for example if you win $50 from the free spins, you need to then wager $1750 on mBit before you can withdraw that $50. So if your normal bet size is $5, that would require making 350 bets with your own deposited funds. If you don’t meet the deadline, you lose your profits from the free spins. Also only Slots games count towards the wagering requirement, or ‘rollover’ to clear the bonus, and the max bet size that can qualify towards bonus clearing is 0.003 BTC, about $140 at the time of writing. Extra free spins for VIP players on mBit Casinos don’t want you to just place a few huge bets to possibly both go on an lucky streak and clear the bonus quickly, they set a max wager size so that your results are more in line with the expected return, or RTP of the game – which is lower in Slots than table games, i.e. the house edge in Slots is high. That’s the reason they stipulate only Slots play counts towards releasing your bonus. Always read the small print in the bonus terms and conditions and deposit an amount you’re sure you’ll be able to clear within the time limit. While this doesn’t seem like a great deal, it’s about as good as it gets for welcome packages in the online casino industry. More high value promotions come when you’re a long-term VIP – we rank mBit the best Bitcoin casino with free spins because they pay out milestone bonuses in the form of free spins, amongst other perks, every time you rise the ranks of the loyalty program. For example earn 3 Status Points and you receive 50 free spins, earn 10 Status Points and get 100 free spins. No deposit is required for these VIP free spins. Alternative Free Spins Deposit Package mBit also has a different type of deposit package, made up of only free spins without a bonus: Deposit 0.0006 BTC for 100 free spins Deposit 0.0015 BTC for 200 free spins Deposit 0.003 BTC for 500 free spins Deposit 0.006 BTC for 1000 free spins This is a good deal for beginners to learn Slots or low stakes players as it will be easier for them to clear profits from free spins than a deposit bonus, within the 14 days. This welcome package has a slightly higher wagering requirement of 40x though, again only in Slots games. Players need to opt-in on the deposit page of your mBit account, clicking the ‘enable’ button next to the welcome package type you choose. You can only have one of the two types. Pros Many free spins, 320 or 1000 Two choices of welcome package 35x wagering requirement is low for casino sites 0.003 BTC max bet is high for casino sites Cons Only three types of Slots game Only 14 days to clear profits Only Slots count towards rollover Not available in UK Get Free Spins 2. Cloudbet – 200 Free Spins InsideBitcoins has an exclusive deal with Cloudbet that referrals that use our link receive 200 free spins – contact support once you sign up to activate these if you don’t receive them automatically, and find out their wagering requirements. Their normal welcome package is a 100% up to 5 BTC deposit bonus without any free spins. Cloudbet give their players 365 days to clear their deposit bonus and any profits from free spins, with a rollover requirement of 40x. We rank Cloudbet highly as they offer an ongoing free spins promotion every Tuesday. Free Spins promotion at Cloudbet How it works is players deposit 20 EUR equivalent in cryptocurrency or more and 20 free spins will be added to your balance – click ‘play now’ in your account section to claim them. Winnings from the free spins also have a 40x playthrough requirement. Cloudbet also offer betting on sports and e-sports. Pros One year to meet wagering requirements Weekly free spins Cons 40x wagering requirement Lower number of free spins Get Free Spins 1. Bspin – 60 Free Spins This is a low number of free spins, but the welcome package at Bspin can be cleared over 90 days. The free spins are also spread over three deposits. Each deposit gives you 20 free spins with 30 days to clear. Low stakes players and beginners have a good chance of being able to clear the profits from 60 free spins within 90 days. The wagering requirement is the same as mBit at 35x. Free spins have to be used on the Slots game ‘Fruit Zen’. To clear your profits however you can choose any game – Slots, video poker, or table games like Roulette, craps, Blackjack etc. – although these have a lower contribution to the rollover requirement of 10 – 20%. Three deposits, each with 20 free spins at Bspin Casinos give a lower weighting contribution to non-Slots games as they want to keep you playing Slots which has the highest house edge. Another catch is that jackpot games have 0% contribution (like on mBit), bear that in mind if you’re using free spins to try and get lucky and hit a jackpot. You will be able to hit a jackpot, but would then need use your jackpot winnings to clear your profits and your deposit bonus in time to make sure you can cash out your windfall. There’s also another catch in the terms that the maximum withdrawal is 10 times your deposit amount. The maximum bet size during the bonus and spins clearing period is 10% of the size of your deposit bonus. Free spins aren’t currently an ongoing promotion in the Bspin VIP program, however there are weekly cashback promotions. Bspin is available in every country worldwide, including the US and UK. Pros Three deposits 90 days to clear 35 wagering requirement Table games count for bonus clearing Cons Lower number of free spins Harder to clear with table games Limited to play at Slot game Fruit Zen Max bet size 10% of your deposit bonus Get Free Spins How we Review Bitcoin Casino Free Spins Our InsideBitcoins team ranked the top 3 list above by considering: What is the number of free spins? What is the rollover requirement to clear winnings? How long is the time duration to clear winnings? Which games that can be played to clear winnings? Only Slots? How large is the maximum bet size? Are free spins offered again as a constant promotion? As a player, do your own research (DYOR) before choosing a Bitcoin casino with free spins. To help, we’ve put together several review pages here at InsideBitcoins on all aspects of crypto casinos which you can find in the navigation menu, including our reviews of Bitcoin casino bonus offers and Bitcoin casinos with no deposit bonuses. Popular Slots for Free Spins If you pick one of the Bitcoin casinos with free spins we list above, you’ll need to familiarise yourself with these Slots games. For mBit: Lucky Sweets Slotomon Go Scroll of Adventure And for Bspin you’ll be playing Fruit Zen. You can practice this game on their website. Popular slots game Fruit Zen on Bspin Pros & Cons of Free Spins The obvious advantage of free spins is that unlike using the money you deposit to place wagers, there’s zero risk and only upside – if you lose a spin in a slots game, it was at no cost to you. You also have a chance to win – it’s a freeroll. The more hidden disadvantage is that Slots have a low RTP – return to player – percentage typically of 90 – 97%, meaning a high house edge for the casino of 3 – 10%. So the time you invest trying to win money with free spins, has a low expected value, aka payback percentage. In terms of equity or EV your time would be better spent playing low house edge table games, e.g. Blackjack having learned perfect basic strategy. However that would then require using your own money. The choice might come down to how much you enjoy playing Slots. Bear in mind most casinos have conditions in place to prevent you hitting e.g. a six figure jackpot in Slots while using free spins, so don’t expect to get rich. Free spins are certainly popular with many casino enthusiasts, it’s no surprise we’ve seen Bitcoin casinos adopting this type of promotion for their customers. Are Bitcoin Casinos Legal? Online gambling is legal in the UK and in the US it’s legal for an individual to make online bets – normal Americans are not prosecuted for this. The current government have signaled that they are happy to allow states to set their own laws. Online casino sites in particular are tolerated, much more so than e.g. online poker sites, although those are also allowed when ringfenced to certain states. The DOJ maintains that the Wire Act makes online sportsbetting illegal, although many sportsbooks still operate with no issues. All the Bitcoin casinos we review at InsideBitcoins are in full compliance with the law and have provably fair, independently audited RNGs. Responsible Gambling If you need help to stop compulsive gambling contact BeGambleAware.org by freephone 24-7 or on their live chat feature, for confidential advice. Our iGaming team at IB put together a beginners guide to responsible gambling. Taxation Winnings from lotteries, horse races, online casinos, sweepstakes and other types of gambling are taxable by the IRS in the United States. They’re not subject to tax in the UK. Keep a record of your wins and losses as the latter are deductible when filing taxes but only up to the amount offset by your winnings. Visit usa.gov to learn how to file your federal taxes. Summary The best Bitcoin casino free spins deal for you depends on your: Budget – is your deposit enough to wager the rollover requirement on your free spins winnings? Free time – slots can take time, will you have enough to clear the bonus before it expires? Risk tolerance – will the casino make you play slots, a high house edge game in order to unlock your winnings? Knowledge – do you know the rollover on your Bitcoin casino, and the RTP in the games you’ll play? For the largest number of free spins we recommend mBit. For an easier time clearing your winnings thanks to a longer time limit we recommend Cloudbet and Bspin. The first two are also good long-term options for fans of Slots as they offer free spins as either VIP milestones or ongoing weekly promotions. mBit - Best Bitcoin Casino with Free Spins Our Rating 320 - 1000 Free Spins Choose from two bonus packages, and three Slots games Only a 0.006 BTC deposit for 1000 Free Spins 14 Days to Clear Profits Extra No-Deposit Free Spins for VIPs Visit Site Wagering requirement: 35 - 40x FAQs What are free spins? Every time you press the 'spin' button in a slots game to move the reel and possibly win a cash prize, that's a spin. Casinos let you do this many times for free as a thank you for signing up with them. How do free spins work? You can win cash prizes by spinning the slots reels several times for free but then the casino sets a wagering requirement or 'rollover' that you need to play through before you can withdraw your winnings. Where can I find Bitcoin casinos with free spins bonuses? Bitcoin casino sites advertise their free spins and bonus deals on their homepage, or you can compare casinos on online review sites like InsideBitcoins. What are the wagering requirements for free spins welcome offers at Bitcoin casinos? On average 30 - 50x, meaning you need to wager thirty to fifty times your winnings with your own deposited funds before qualifying to withdraw those winnings you earnt from using free spins. What are the best Bitcoin casinos for free spins bonuses? Our analysts rank mBit, Cloudbet and Bspin highly for their free spins promotions. Sign up to Cloudbet via our link on this page as that deal is exclusive to InsideBitcoins. Can I use free spins on all slot games featured in Bitcoin casinos? Usually there are a few excluded types of Slots games, such as those that have high jackpots. Check the terms and conditions on the site you choose. Are free spins available on mobile games in Bitcoin casinos? This varies from casino to casino, some bad casinos do restrict the use of free spins only to desktop play. Always read the terms or ask live chat support first as this can be subject to change. mBit, Cloudbet and Bspin do not at the time of writing have anything in their terms restricting free spins play on mobile, tablet or other handheld devices. What makes a good free spins offer at Bitcoin casinos? One with a low wagering requirement to cash out profits, e.g. 30 - 35x, and with a large number of spins, a hundred or more. Are there free spins offers after sign-up at Bitcoin casinos? Yes mBit and Cloudbet feature top in our ranking because they offer frequent free spins promotions for players even after the welcome package has been claimed.