Depositing through conventional payment methods using fiat currencies typically requires the involvement of a third party. Not just this, you will also have to give up some of your details to bring the transaction into effect. By implication, your financial transactions, especially deposits cannot be confidential. Thankfully, betting with Bitcoin, Ethereum, Litecoin, Dogecoin, and other cryptocurrencies has ushered in a new era of rising change and comfort in anonymous deposits. You can now deposit at betbit.com and other crypto operators anonymously. Since crypto makes for direct peer-to-peer financial transactions, only two parties are required to effect payments. Third parties like financial institutions, governments, and other forms of intermediaries are no longer needed. This creates the ideal setup for anonymity and privacy. One of the biggest objectives of blockchain technology is cheaper and instantaneous transactions, whether domestic or cross-border. This is why making withdrawals with crypto is great as they are instant. Of course, this is an exclusive preserve of crypto gambling platforms like Betbit Bitcoin Casino. Indeed, the involvement of a third party is the reason withdrawals at casinos and sportsbooks get delayed. Since blockchain technology eliminates the need for these third parties, this leads to faster payouts. This also means gamblers don’t need to pay fees or commissions to have their withdrawals processed. By implication, this allows you to spend more time exploring the robust assortment of games at the iGaming site instead of waiting pointlessly for payments to be effected. Once you register on a crypto casino or sportsbook, you will most likely be entitled to a bonus package as a new member of the site. This is known as the welcome or signup bonus. For instance, Betbit gives its new players a welcome offer of 100% up to 100 mBTC on their first deposit. Playing with cryptocurrency doesn’t disentitle you from enjoying good bonuses and promotions. At bitcoin operators, there are different categories of bonuses you can claim provided you meet the attached terms and conditions. Some of these bonuses and promotions are:

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The bonus you are referring to is called a deposit bonus. A deposit bonus is an offer that is given to players by online casinos as an incentive to deposit money into their account balance. The bonus usually comes in the form of extra cash or casino credits that are added to the player is account balance when they make a qualifying deposit.

Deposit bonuses are often structured as a percentage of the deposit amount, so the more a player deposits, the larger the bonus they receive. For example, a casino might offer a 100% deposit bonus up to $100, meaning that if a player deposits $100, they will receive an additional $100 in bonus funds. Deposit bonuses are a popular way for online casinos to attract new players and to reward existing players for their loyalty. They are also a great way for players to boost their bankroll and increase their chances of winning big. However, it is important to always read the terms and conditions of a deposit bonus before claiming it, as there may be restrictions or wagering requirements that apply.

Enjoy online casino games in betbit.com.

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