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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Ethereum Classic (ETC)

Ethereum Classic (ETC) is a decentralized, open-source blockchain platform that was created as a result of a hard fork of the Ethereum (ETH) blockchain. The hard fork occurred in 2016 in response to a major security breach on the Ethereum network that resulted in the loss of a large number of funds.

The Ethereum Classic network operates on the same underlying technology as Ethereum, including its use of the Solidity programming language and its support for smart contracts. However, it has a different philosophy and approach to governance, with a focus on maintaining the original, immutable properties of the Ethereum blockchain.

The ETC token is the native cryptocurrency of the Ethereum Classic network and is used to pay for transactions and computational services on the platform. It can also be traded on various cryptocurrency exchanges and used as a form of investment.

While Ethereum Classic has a strong community and a unique approach to governance, it has a much smaller network and market capitalization compared to Ethereum. As a result, it may be considered a higher risk investment compared to other, more established cryptocurrencies.

It is important to thoroughly research any investment opportunity and to understand the risks involved before making any investment decisions. This is especially true in the highly volatile cryptocurrency market, where prices can fluctuate rapidly and unpredictably.

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