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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Instant Payments with Bitcoin

Instant Payments with Bitcoin at Betbit

Bitcoin transactions are processed almost instantly, making it an ideal payment method for online transactions, including online gambling. Unlike traditional payment methods, which can take several business days to clear, Bitcoin transactions are processed within minutes.

When you make a Bitcoin payment, the transaction is broadcast to the Bitcoin network, where it is verified by multiple nodes (computers). Once the transaction is verified, it is added to the blockchain, a decentralized digital ledger that records all Bitcoin transactions in a secure and transparent manner.

Because the blockchain is a decentralized network, there is no central authority controlling the transactions, and the system is not subject to banking hours or holidays. As a result, Bitcoin transactions can be processed 24/7, 365 days a year.

In addition, the speed of Bitcoin transactions is not affected by the size of the payment or the location of the sender and receiver. Whether you are sending a small payment to someone in your own country or a large payment to someone on the other side of the world, the transaction will be processed almost instantly.

Overall, the speed and efficiency of Bitcoin transactions make it an attractive payment method for online transactions, including online gambling, where quick access to funds is often critical.

Enjoy online casino games in betbit.com.

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