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:

Forgot Password?

image-6404e90f3cfd17.00962282.png

Tether USDT

Tether (USDT) is a stablecoin, a type of cryptocurrency that is pegged to the value of a fiat currency, in this case, the US dollar. Tether was created in 2014 with the aim of providing a stable alternative to other cryptocurrencies, which are known for their high volatility.

Each Tether token is backed by a corresponding US dollar held in reserve, and the company behind Tether claims that the value of the Tether tokens in circulation is fully collateralized by these reserves. This means that, in theory, each Tether token can be redeemed for one US dollar.

Tether is widely used in the cryptocurrency market as a means of preserving value and facilitating transactions. Because Tether is pegged to the US dollar, it can be used to trade other cryptocurrencies without having to convert back to US dollars, which can be useful for avoiding the volatility and liquidity risks associated with other cryptocurrencies.

However, Tether has faced some controversy in the past, and there have been questions about its transparency and the stability of its reserves. The company behind Tether has been the subject of investigations by regulatory authorities, and it is important for users to be aware of the risks involved when using Tether or any other stablecoin.

Enjoy online casino games in betbit.com.

back to list