How Playbet Acquired 226 First-Time Depositors at $132.74 CPA with Blockchain-Ads

Acquire first-time depositors and drive FTD volume
Playbet is a crypto-native casino and sportsbook offering slots, live dealer games, and sports betting with crypto-denominated payouts and bonuses. The platform targets high-value casino players and sports bettors across global markets, competing on its welcome bonus structure and BTC prize promotions. Playbet's acquisition offer includes a multi-deposit free bet program and a BTC welcome bonus of up to 4 BTC plus 800 free spins, placing it at the premium level of the crypto casino market.
Attribution Note: Playbet's paid acquisition utilizes a network of affiliate partners. Various Playbet-aligned affiliates run independent campaigns on Blockchain-Ads, each targeting different audiences and geographies. This case study highlights one such campaign, illustrating the results Blockchain-Ads can achieve for Playbet advertisers, rather than representing a single corporate campaign. Results may differ among affiliates based on their focus and creative strategies.
Playbet needed to acquire players who would move beyond registration to complete a first deposit, at a CPA its affiliate economics could sustain across global markets. Three obstacles defined what that required:
Crypto casino advertising is blocked on every mainstream paid channel. Playbet sought crypto-active, high-value gamblers with wallet balances unreachable via interest-based targeting on restricted platforms. The campaign required a network with verified crypto-wallet audience data and iGaming publisher inventory at a global scale.
Blockchain-Ads provided the targeting and inventory the campaign required through four capabilities:
The objective was to identify which audience segments and creative angles produced the highest registration-to-FTD conversion rate. Display ads ran across crypto-native and iGaming publisher inventory globally.
Three angles were tested:
The BTC bonus angle drove the strongest first-click engagement from crypto-active wallet segments.
Targeting was tightened to high-value casino player and sports bettor segments that showed the highest post-registration engagement in Phase 1. The BTC prize angle was introduced with "Win 1BTC with Playbet.io," targeting crypto-native players motivated by BTC accumulation as a separate driver from the welcome bonus. The action loop angle, "Bet, Win, Repeat," ran against competitor-interaction segments to position Playbet as the natural next platform for active players already gambling elsewhere. Retargeting activated against users who had clicked but not yet registered, using the free bets and BTC bonus creatives to close undecided players.
Retargeting extended to registered users who had not yet completed a first deposit. The BTC bonus and free bet creatives scaled into deposit-stage retargeting with direct deposit-action framing. The "Earn Now" CTA replaced "Join Now" across retargeted creatives to shift the message from sign-up to activation. 1,467 registrations were recorded across the full campaign at a cost per registration of $20.45. Of those, 226 completed a first deposit, a 15.4% registration-to-FTD rate, generating $118,930 in first-time deposit volume at a CPA of $132.74 per FTD.