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 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 or promotion that you are referring to is called a welcome bonus or sign-up bonus. A welcome bonus is a special offer that is given to new players when they sign up for an account with an online casino. The purpose of a welcome bonus is to incentivize players to try out the casino is platform and to encourage them to make their first deposit.

Welcome bonuses can take many different forms, including free spins on slot machines, bonus cash, or casino credits. Some welcome bonuses are structured as a match bonus, meaning that the casino will match a portion of the player is first deposit. For example, a casino might offer a 100% match bonus up to $100, meaning that if a player deposits $100, they will receive an additional $100 in bonus funds.

Welcome bonuses are a great way for online casinos to attract new players and to get them started on their platform. They are also a great way for players to increase their bankroll and to try out the various games on offer without risking too much of their own money. However, it is important to always read the terms and conditions of a welcome bonus before claiming it, as there may be restrictions or wagering requirements that apply.

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