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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online gambling market size

The global online gambling market size was valued at USD 63.53 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 11.7% from 2023 to 2030.

The online gambling market size is a constantly changing figure as it is influenced by various factors such as regulatory changes, market trends, and economic conditions. However, according to various market research reports, the global online gambling market size is expected to continue growing in the coming years.

According to a report by Technavio, the global online gambling market size was valued at $58.9 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 10.85% from 2021 to 2025. Another report by ResearchAndMarkets.com forecasts that the global online gambling market size will reach $127.3 billion by 2027, growing at a CAGR of 11.5% from 2020 to 2027.

Factors driving the growth of the online gambling market include increasing internet penetration, the adoption of smartphones and tablets, the growing popularity of online betting and gaming, and the relaxation of regulations in some markets. However, the market is also faced with challenges such as regulatory changes, increasing competition, and concerns over problem gambling and addiction.

It's worth noting that market size estimates can vary between reports and that these figures are subject to change based on a variety of factors.

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