Welcome bonus is a reward given to new customers upon signing up. It can take various forms, including deposit matches, free spins, or crypto bonuses. Besides, there are welcome packages that combine these promotions. Also, note that there are cashable and non-cashable bonuses, and most offers are limited in time and have wagering requirements.
✓ Ability to increase the primary deposit
✓ Come with wagering requirements
✓ Cashable and non-cashable bonuses
✓ Available to new players only
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Welcome bonus is the first reward you will receive when you register on the gambling site. Casinos try to make it as attractive as possible and often offer reasonable wagering requirements to get the attention of as many players as possible. Besides, you can often notice that casinos' bonuses offer multiple sign-up rewards. It is also known as a “Welcome Package.” Such promos may include free spins on featured pokies, an additional cash bonus on your deposit amount (as a rule, from 100% to 500%), and sometimes even Bonus Crabs.
The wagering requirements for welcome bonuses are different in all casinos. Usually, they range from x30 to x70, and the average and most common is x35. In addition, as a rule, you need to top up a minimum deposit amount to qualify for the bonus. It also depends on a casino and can range from $25 to $50.
Each casino comes with its own reward for newcomers. Usually, there are free spins, a welcome cash bonus, and a crypto bonus among the offers for newbies. So, let's look at each of the most widespread promos you can activate in New Zealand casinos and find out about their benefits and main features.
In this case, you get a fixed amount of spins you can use only on a particular game or titles from a particular provider. As a result, you feel free to get real money without placing your funds. The number of free spins varies and usually depends on the casino and the minimal deposit amount required. Often, this bonus comes with high wagering requirements and, in turn, a fairly low upper limit for cashing out funds.
This reward allows you to boost your bankroll significantly. The most common is a match bonus, where the casino matches a percentage of your deposit up to a certain amount. For example, a 100% match bonus up to $500 means if you deposit $500, you'll receive an additional $500 in bonus funds. After wagering the bonus amount, you can withdraw it together with the winnings obtained with it. As a rule, such promos do not have strict wagering requirements or withdrawal limits.
This type of bonus is a key feature of online crypto casinos. These bonuses can vary significantly from one casino to another. As a rule, they include deposit matches, free spins, and other incentives. As you can tell from the promotion name, it's given for deposits made with any crypto wallet. Usually, there's no minimal deposit that is required to qualify for the promotion, yet the bonus usually has a maximum cap, which varies in different casinos.
Online casino with a welcome bonus is always the best option to get acquainted with the new software developer’s products. It does not matter if you are an experienced roller or have decided to create your casino account for the first time. Plus, it may be a powerful tool for creating your first bankroll. For example, some casinos from our list can help you significantly increase your first deposit. However, always double-check all bonus terms, especially their wagering requirements and duration.
When choosing a bonus offer, you should keep in mind that there are two types of bonuses: cashable and non-cashable. Even though their offers may seem identical at first glance, there's a significant difference between these promotions.
If you have activated a cashable bonus, you can withdraw the full amount of bonus funds and the sum you won while playing. Even though most platforms on our list of the best NZ bonus casino sites offer non-cashable rewards, this reward is number one among players’ preferences. In addition, this promo does not have strict limits on the amount you can withdraw and also offers low wagering requirements.
Using these bonuses, you can freely use the funds for betting. In this case, you can withdraw the full winning amount, not the bonus amount. For example, if you receive a bonus of $100 and win $50, you can only withdraw $50 to your account. Despite this obvious downside, you don't need to follow strict betting requirements. Also, such bonuses are characterised by tougher requirements compared to cashable rewards. Most online casinos offer sticky (non-cashable) bonuses, but we still recommend you always read the bonus terms and conditions to ensure their type and requirements.
Since we've looked at all the main aspects of welcome bonuses in online casinos, now, let's highlight the main advantages and disadvantages of this promotion.
Welcome bonus is undoubtedly not a rare thing in many online casinos. You need to be careful when choosing a bonus and using it to ensure your safety and the benefit of the promotion. Our team has prepared some tips that can help you with this.