Spin Guide
Spin is a BitcoinClub™ feature where you can use eligible balances to play Spins and receive "Earned BTC" and "Withdrawable BTC" rewards. This article explains how Spin works, how Withdrawable BTC is used, how bonuses are handled, and what conditions may apply before withdrawal.
1. What Is Spin?
Spin is a paid digital entertainment feature where you use eligible in-app Spin Tickets to enjoy Spin content and accumulate BTC-denominated in-app balances as part of the Spin experience.
Spin is not a direct purchase of Bitcoin, and the result of a Spin does not directly transfer real Bitcoin to your wallet. Instead, Spin results are reflected in your BitcoinClub™ account as in-app balances, such as Earned BTC and Withdrawable BTC.
You may be able to receive real Bitcoin as a reward after completing certain applicable conditions. These conditions may include reaching a Withdrawal Goal, completing verification, or satisfying other campaign-specific requirements.
Earned BTC (Your Account Balance)
- What it is: This is the BTC-denominated balance shown in your BitcoinClub™ account, accumulated through Spins, completing tasks, and other eligible activities.
- The Analogy: Think of this like an account balance inside BitcoinClub™. It represents the balance you have accumulated within the app.
Withdrawable BTC (Your Withdrawal Limit)
- What it is: This is not Bitcoin itself. Instead, it is your withdrawal allowance, which determines the maximum amount that may become eligible for withdrawal after the applicable conditions are completed.
- The Analogy: Think of this like an ATM withdrawal limit. Even if your account balance is high, the amount that may be withdrawn is limited by your available withdrawal allowance and any applicable conditions.
- In-app use: Withdrawable BTC can also be used within BitcoinClub™ as an in-app payment method to purchase new Spin Tickets. This allows you to continue enjoying Spin content by using your available Withdrawable BTC balance instead of making an additional payment.
For more details about the difference between Earned BTC and Withdrawable BTC, please see the following article:
[What’s the difference? Earned BTC vs Withdrawable BTC]
Different Spins may have different rules, reward structures, and contribution rates toward the Withdrawal Goal. Because of this, Spin is designed to be a more strategic experience. Choosing which Spin to play can affect how efficiently you progress toward applicable conditions.
2. How to Purchase Spins
You can purchase Spins in the following ways:
1. Purchase with Fiat Currency
Purchasing Spins with fiat currency is currently unavailable.
2. Purchase with Cryptocurrency
You can purchase Spins using BTC, ETH, USDC and USDT.
For more details on how to pay with Crypto, please see the following article:
[How to Pay with Crypto]
3. Types of Withdrawable BTC
Withdrawable BTC may consist of two types:
- "Conditional Withdrawable BTC"
- "Withdrawable BTC"
These balances are treated differently.
4. Conditional Withdrawable BTC
Conditional Withdrawable BTC is a balance that becomes eligible for withdrawal after certain conditions are completed.
This type of balance is usually linked to conditions such as a Withdrawal Goal.
For example, bonuses are generally granted as Conditional Withdrawable BTC.
Once the required conditions are completed, Conditional Withdrawable BTC becomes withdrawable.
5. Withdrawable BTC
Withdrawable BTC is the portion of your balance that is already withdrawable or can become withdrawable after completing the required minimum conditions.
For example, when you deposit funds to purchase Spins, the deposited amount may be reflected in your Withdrawable BTC.
However, the cash deposit portion may still be subject to at least 1x Withdrawal Goal before withdrawal, for fraud prevention purposes.
6. What Is a Withdrawal Goal?
A Withdrawal Goal is a requirement that must be completed before certain balances become withdrawable.
For example, if a bonus has a 5x Withdrawal Goal, you must play an amount equal to 5 times the bonus amount before that bonus and related prizes can become withdrawable.
Each Spin may have its own contribution rate.
The contribution rate determines how much each Spin counts toward your Withdrawal Goal.
For example:
If you play $10 worth of Spins
and the contribution rate is 80%
then $8 will count toward your Withdrawal Goal
Because contribution rates may differ by Spin, choosing which Spin to play is an important part of the strategy.
7. Balance Priority When Playing Spins
When you use Withdrawable BTC to play Spins, your balance is used in the following order:
1. Conditional Withdrawable BTC
2. Withdrawable BTC
This means Conditional Withdrawable BTC is used first.
After your Conditional Withdrawable BTC has been used, your Withdrawable BTC will be used.
8. How Spin Rewards Are Treated
Spin rewards are credited based on the type of balance used to play the Spin.
If a Spin is played using Conditional Withdrawable BTC, the reward from that Spin will also be treated as Conditional Withdrawable BTC until the applicable conditions are completed.
If a Spin is played using Withdrawable BTC, the reward from that Spin will be treated as Withdrawable BTC.
This rule helps clearly separate balances that are still subject to conditions from balances that are already withdrawable.
9. How Bonuses Work
Bonuses are generally granted as Conditional Withdrawable BTC.
If the Withdrawal Goal is completed before the bonus expires, the eligible bonus amount and related prizes may become withdrawable.
10. Bonus Expiration
Bonuses may have an expiration date.
If the required Withdrawal Goal is not completed before the expiration date, the remaining bonus amount and any prizes derived from that bonus may expire.
Please check the expiration date and conditions of each bonus before using it.
11. Forfeiting a Bonus
You may be able to voluntarily forfeit, or give up, an active bonus.
Forfeiting a bonus means you give up the remaining bonus amount and any related prizes.
This may be useful if you prefer to remove active bonus conditions and proceed with withdrawal using eligible withdrawable balances.
Before forfeiting a bonus, please carefully review the amount and related conditions, as forfeited bonuses cannot be restored.
12. Withdrawal Availability
To request a withdrawal, you must meet the applicable withdrawal conditions.
In general:
the minimum withdrawal amount must be met
any required Withdrawal Goal must be completed
there must be no active bonus with uncleared Withdrawal Goal
KYC verification may be required if necessary
additional conditions may apply depending on your account status or withdrawal history
If you still have an active bonus with uncleared conditions, you must either complete the conditions or forfeit the bonus before requesting a withdrawal.
For more details about withdrawals, please see the following article:
[Withdrawal Guide for SPIN]
13. Important Notes
Spin rules, bonus conditions, and withdrawal requirements may vary depending on the campaign, Spin type, or account status.
Please review the applicable details shown in the app before playing Spins or requesting a withdrawal.
BitcoinClub™ may also require additional verification or review to prevent fraud, abuse, or unauthorized activity.
Summary
Spin is now a more strategic experience where your balance type, bonus conditions, contribution rates, and Withdrawal Goal all matter.
By understanding how each balance is used and how each Spin contributes toward your goal, you can plan your Spins more effectively.
Please review your active bonuses, balance type, Withdrawal Goal, and expiration dates before playing or requesting a withdrawal.