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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How do I calculate my online bingo winnings?

To calculate your online bingo winnings, you will need to know the total amount of money you wagered, the number of cards you played, and the price per card.

Here's an example calculation:

Let's say you played 10 cards at a price of $1 per card, for a total wager of $10. If the bingo game had a prize pool of $1000, and you won the full house prize of $500, your winnings would be calculated as follows:

Your proportion of the prize pool: $500 / $1000 = 0.5 (or 50%)

Your share of the prize pool per card: 0.5 / 10 cards = $0.05 per card

Your total winnings: $0.05 per card x 10 cards = $0.50

So, in this example, your total winnings would be $0.50.

It's important to note that the calculation will vary depending on the specific bingo game and the rules of the online casino. Be sure to check the game rules and payout table before playing to understand how winnings are calculated.

Enjoy online casino games in betbit.com.

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