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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Litecoin LTC

Litecoin (LTC) is a decentralized cryptocurrency that was created in 2011 by Charlie Lee, a former Google engineer. It is based on the Bitcoin protocol, but with several key differences that make it faster and more efficient than Bitcoin.

Litecoin operates on a proof-of-work consensus mechanism and uses the Scrypt hashing algorithm, which is designed to be more memory-intensive and less susceptible to being dominated by specialized mining hardware. This means that Litecoin mining is more accessible to a wider range of users and is more decentralized than Bitcoin mining.

Litecoin transactions are confirmed faster than Bitcoin transactions, with a block time of 2.5 minutes compared to Bitcoin is 10 minutes. This allows for faster and more efficient transactions, with lower fees.

In addition to its technical advantages, Litecoin has also established a reputation as a reliable and widely used cryptocurrency. It has been adopted by a number of merchants and service providers and has become one of the top 10 cryptocurrencies by market capitalization.

Overall, Litecoin is a well-established and highly regarded cryptocurrency that has a strong track record of stability and reliability. However, as with any investment, it is important to understand the risks and do your own research before investing in Litecoin or any other cryptocurrency.

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