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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10 Reasons Why Online Gamblers

10 Reasons Why Online Gamblers Should Use Bitcoin

  • Anonymity: One of the primary benefits of using Bitcoin for online gambling is anonymity. Unlike traditional payment methods, Bitcoin transactions do not require any personal information, which means you can gamble without worrying about your identity being revealed.
  • Security: Bitcoin is one of the most secure payment methods available. The use of blockchain technology ensures that your transactions are recorded and encrypted, making it virtually impossible for anyone to steal your funds.
  • Speed: Bitcoin transactions are lightning-fast compared to traditional payment methods. Deposits and withdrawals are processed almost instantly, so you can get started playing right away.
  • Low fees: Bitcoin transactions are typically cheaper than traditional payment methods, which means you can save money on fees and potentially increase your winnings.
  • Global accessibility: Bitcoin is a global currency, which means that you can use it to gamble from anywhere in the world, regardless of your location.
  • No government intervention: Because Bitcoin is decentralized, it is not subject to government intervention or control. This means that you can gamble without worrying about government regulations or restrictions.
  • No chargebacks: With Bitcoin, there is no possibility of chargebacks. Once a transaction is completed, it cannot be reversed, which provides additional security for both the gambler and the casino.
  • Bonuses: Many online casinos offer special bonuses and promotions for Bitcoin users, including higher deposit bonuses and free spins.Easy to use: Bitcoin is very easy to use, and you do not need to be an expert in technology to use it for online gambling.
  • Future potential: As more and more people start to use Bitcoin, it is likely that more online casinos will start accepting it as a payment method. This means that there will be more opportunities for Bitcoin users to gamble online.

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