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 origins of gambling

Gambling has been around for thousands of years and its exact origins are not known. However, there is evidence that people have been gambling in some form or another for at least 5,000 years.

One of the earliest forms of gambling was the casting of lots, which involved drawing straws or tossing dice to determine an outcome. This was a common practice in ancient cultures, including the Greeks, Romans, and Egyptians.

In ancient China, a game called "Keno" was played, which is believed to be the predecessor to modern-day lottery games. In addition, the Chinese were also known to play a game called "Mahjong" which was a form of tile-based game.

In Europe, the earliest forms of gambling were associated with sports, particularly horse racing and chariot racing. Betting on these events became a popular pastime, with many wealthy individuals placing large wagers.

Over time, gambling evolved and new games were introduced, including card games like poker and blackjack. The introduction of the slot machine in the late 19th century changed the gambling industry forever, making it more accessible to the general public.

Today, gambling is a multi-billion dollar industry that continues to grow and evolve with the times. It has become a popular form of entertainment around the world, with many people enjoying the thrill of the games and the chance to win big.

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