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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Terms and Conditions

1. Betbit Terms and Conditions

The Terms and Conditions as well as Additional Terms apply to any and or all games or betting promotion you take part in on our Betbit website as well as any of the Betbit mobile or other platforms which are managed by Betbit. These terms and conditions must be read very carefully as they will apply to you throughout the time you have an account with Betbit. By playing any game or placing any Bet, you agree to be bound by the Terms and Conditions and Additional Terms.

2. Additional Terms Betbit

Betbit operates under the provision of sports betting and casino commencing. Betbit will only communicate with Customers by email using their registered email address (the "Registered Email Address") as provided when opening your Betbit account. Communication with Betbit will be conducted using this email only.

Additional terms and conditions apply to all betting promotions. Game rules and game terms and conditions apply to individual games and have to be read carefully before playing.

Promotional rules and terms and conditions will change with each promotion and have to be read carefully before playing.

The Betbit 's cookies policy that is available on the website apply, and in addition, the Betbit data protection and Betbit privacy policy terms and conditions apply.

Betbit will provide the terms and conditions as well as the additional terms and conditions in other languages at a further stage (German, Spanish, French, Russian, Indonesian and Chinese) in the case and for any reason if there is any uncertainty, the English version will prevail.

3. Updating the Terms and Conditions

The Terms and Conditions here are subject to change at any day, at any time, at Betbit 's sole discretion for regulatory or other reasons what so ever.

Betbit is obliged to notify all users whenever the Terms and Conditions are updated.

If for any reason you do not want to accept Betbit 's updated terms and conditions, your account with Betbit will be frozen and you will need to contact our customer support department in order to close you Betbit account as well as withdraw all available funds in your account.

4. Basic Information on Betbit

The games and betting promotions provided by Betbit are for entertainment purposes only. Any and all stakes you place on a game or bet will not be refunded as the product that Betbit supplies is virtual and is instantly consumed. Any and all stakes you place on a game or bet with real money will not be refunded as the money is automatically draw from your account and cannot be returned.

5. Definitions

When referring to the word "Account" it means the account you sign up for at Betbit as well as any related entity that is managed by Betbit .

When referring to the words "account holder", "player", "user" or "you" it means the person who has registered or is planning to register an account with Betbit .

When referring to the words "Additional Terms" or "Additional terms and conditions" it means the rules and policies set in section 2 above.

When referring to the words "Real Money" it means the actual cash amount in your account at any given point in time which is the total amount of your winnings and deposit.

When referring to the word "Bet" it means wagering money on the outcome of an event on any of our betting promotions.

When referring to the words "Betting Offers" it means any bets that are made available by Betbit to you.

When referring to the word "Bonus" it means receiving a reward for playing games or placing bets (depending on the particular game, bet or promotion) equivalent to a certain stated value.

When referring to the words "Customer Services" it means the Betbit customer support department.

When referring to the word "Deposit" it means any funds which you transfer into your Betbit account.

When referring to the words "Deposit Bonus" it means a Bonus given to you when you make a promotional Deposit with Betbit .

When referring to the word "Games" it means casino (live and non-live video poker, live and non-live roulette, live and non-live blackjack and non-live video slot games), keno, bingo and any other games which may be made available on our website.

When referring to the word "Jackpot" it means the largest cash prize available for any game on the Betbit platform.

When referring to the words " Betbit ", "we" or "us" it means Betbit Limited.

When referring to the word "Website" it is a reference to the Betbit.com and any other subdomains under Betbit.com.

When referring to the word "Winnings" it means any cash (real money) which you win from a Bet or a Game on the Betbit website.

6. Who can Play at Betbit

You can only become a user of a Betbit account and participate in our games or betting promotions if you agree and abide in full by ALL of the Betbit conditions:

You are 18 years of age, or older than 18 years of age.

You do not have a gambling addiction and are not currently self-excluded from any other gaming platform.

You will not open or attempt to open a second Betbit account for the duration of your life as an account holder.

All details you provide to Betbit are real and the truth and yours and yours alone, including your name, date of birth and any identity documents, debit and credit card details, email and residential address, are at all times correct and are not false or misleading and you update us promptly with any changes to these details.

You do not sell or otherwise share your Betbit username and password used for logging into your account, with anyone else.

You will pay all taxes applicable to you and you will not hold us responsible for any tax.

You are playing on the Betbit website for entertainment only and gambling is not a regular or primary source of income for you.

You intend to be polite and respectful at all times and refrain from verbal or other abuse of any kind towards any other users and any Betbit representative or partner you engage with.

You are a real person and have not registered and playing on the Betbit platform on behalf of any organization or anyone else.

You do not in any way have access to any insider information otherwise or through a connection with a sports or professional body which may assist you on the Betbit website in predicting or influencing the outcome of a game or bet.

You are not engaged in any money-laundering or terrorist activity what so ever.

You are not in any way playing on the Betbit platform with illegally obtained money.

You are not in any way engaged in fraudulent, collusive, fixing or other unlawful activity and do not use any software-assisted methods or techniques or hardware devices in relation to participating in games or bets on the Betbit platform.

We take the breach of any of the terms stated about very seriously and any game you play or bet you place in breach of any of the terms stated above is voidable at our sole discretion and your winnings liable to be confiscated as well as your account with Betbit closed or blocked indefinitely.

7. Prohibited Jurisdictions

Curacao, United States of America, and Israel.

8. Opening a Betbit Account

The required fields on the registration page, including name, email, date of birth, address and telephone number will have to be filled in.

You must not attempt in any way to register a second Betbit account by providing different information from the information provided on the first account.

However, if you have a Betbit account and don't remember it or if you are currently self-excluded, the responsibility is yours to make sure that you only have one open account.

All bets or play on games made while you have more than one Betbit account will be voided and your money in all accounts will be confiscated.

Once you have an open Betbit account, you will need to transfer sufficient funds into your account in order to participate in any game or betting promotion. We shall not give you any credit whatsoever for participation in any game or service.

In order to deposit funds into your Betbit account, you can use any of the payment options on the deposits page of the Website, which may be amended from time to time.

Details in regards to withdrawal times in respect to the payment method used are available on the withdrawal page of the websites, which may be amended from time to time.

You may only deposit using a payment method that is owned by yourself.

You will not be allowed to use any third-party payment methods whatsoever for deposits or withdrawals and Betbit reserves the right to redirect payments to elect payment methods that have been used by you before in respect of any particular payment.

Any withdrawal may occasionally be delayed due to regulatory or AML requirements. In such cases, Betbit will make sure to resolve the situation as soon as reasonably possible.

9. Betbit Fees

Betbit may charge assigned fees for processing some deposits depending on the selected payment method. Please see our website for the fee structure. From time to time, we will assign minimum deposit levels and maximum deposit levels as specified on the websites.

10. Verify your data and play

In general, Betbit reserves the right to verify the information you provide at any time and without disclosing any reasons to you, including on your first deposit and first withdrawal. If required for fraud and anti-money laundering purposes, Betbit may also need to ask additional questions in order to identify your source of funds or source.

For verification purposes only, you will have to provide a CLEAR copy of:

  • Valid identity document (passport, national ID card or driver's license)
  • Valid proof of address not older than 3 months (utility bill or bank statement)
  • If Danish resident, your CPR number

If for any reason we are not satisfied with the documents you provide, we may require you to provide:

  • Copies of payment method (bank statement, IBAN, copies of credit card, proof of ownership, etc.)
  • Certified (and/or notarized) copy of any documents provided to us or other evidence of residency or identity that our legal department may reasonably require.

Further information for verification of the player's identity may include:

  • Submission of photo identification.
  • Requirement that the first payment is made by means of a money transfer from a bank account where the player has undergone a verification process.
  • Telephone contact to the player if the number can be reasonably verified.
  • Submission of a contract or similar to the player with a request to sign and return the document.

Your Betbit account will be frozen (to prevent you from making a withdrawal) in these cases:

You have deposited money into your Betbit account and one of the following applies:

  • you are a UK resident and Betbit cannot confirm your age within 72 hours;
  • you are a German resident and Betbit cannot verify your data within 14 days;
  • you are an Italian resident and Betbit cannot verify your data within 30 days;
  • you are a Danish resident and Betbit cannot confirm your identity within 30 days, as well as you will not be able to make a deposit more than DKK 10,000 into an Account unless the verification process is complete.

We are otherwise unable to verify the data you provided prior to processing any payments. We have applied a risk-based approach to your Account and we consider that we cannot process your payments due to risk of money laundering, fraud or other criminal activity.

When you make a deposit on the Betbit platform you are declaring your intention to play a game or place a bet. Therefore, your deposit must be used to place stakes on bets or games commensurate to the amount of the deposit only.

Betbit reserves the right to receive information about the purpose of your intended gambling at the same time as you provide identification information (name, address).

If we have reasonable grounds to suspect you are abusing your Betbit account (e.g. when we suspect you are using the Betbit platform as an exchange rate hedge), Betbit reserves the right to ask additional verification questions or ask for documents, cancel your deposit in part or full, cancel any winnings and additionally, if necessary, recover costs. We may also close or block your Betbit account indefinitely.

Betbit may also close or block your account indefinitely without specifying a reason. In such case, we may decide to return any non-wagered deposits or deposits balance to the originating deposit method or, where this is not possible, to a bank account held in your name with a description of the transaction as we deem fit

11. Dormant or Inactive Accounts

Betbit recommends that you do not have any large amounts of real money in your account for long periods of time.

If you do not log into your Betbit account or out of your Betbit account for six months, your account will be deemed inactive and you hereby authorize us to deduct a monthly administrative fee every 30 day.

If no transaction has been recorded on your Account for twelve months (whether you log in or not), then your Account is deemed dormant, in which case you will forfeit the balance and your account will be closed.

12. What We Can Do

Betbit has the right to limit a bet (or declare a wager or bet void) when:

  • You have breached any of the Betbit terms and conditions specified on this page (or we have reasonable grounds to believe that you have);
  • You failed the Betbit verification process;
  • You have opened more than one Betbit account;
  • There was a server or software error, mistake, misprint or technical error on the pay-table, odds or software relating to the bet or game;
  • There was a material error made by one of Betbit employees (including technical, typographical or photographic errors);
  • There is a regulatory change or the product supplier or other third party makes a material action or omission that prevents us from offering the game or bet;
  • A material security or data protection or other threat has arisen.

We reasonably suspect fraud or other illegality relating to any game on the Betbit platform.

Betbit reserves the right to cancel any wager in a game or any bet in a betting promotion up to the last 5 minutes before the event starts without giving any reasons. Furthermore, we may declare void any wager or bet if we (in our absolute and only discretion) consider it necessary to do so to ensure compliance with any law or regulation applicable to betting/gambling, in case of suspicion of sports or betting/gambling related fraud or when applicable betting services limits have been exceeded and in case of force major disaster (any occurrence or event beyond a person's reasonable control shall include interruption to the Internet connection, hacking, phishing, farming, other online security attacks, wars, civil disturbances, strikes, acts of terrorism, fire, explosions, floods, thefts, outbreak of hostilities, riots, lockouts, governmental).

If Betbit cancels a game or void a bet or close or suspend an account for any reason whatsoever, we reserve the right to refrain from disclosing reasons.

Other than as stated above, Betbit reserves the right to refuse a registration of an account from any user, from any country or close an Account at our sole discretion for any reason but any contractual obligations already made by Betbit shall be honored accordingly.

13. Winnings and Prizes

Potential winnings/details of the odds offered in any game are in the game rules, the promotion terms and conditions and also in the general terms and conditions. Details of any other promotional prizes will be stated in the terms of the promotion.

The Jackpots on the website may be advertised in a certain currency but there may be a loss caused by currency fluctuations.

Betbit reserves the right to withdraw a Jackpot prior to the start of any game at our sole discretion.

If the prize in the promotion includes travel, the provider is not Betbit but a third party and you will have to insure yourself for all risks relating to the travel or prize if you choose to accept it.

14. DEPOSIT & WITHDRAW

Any eligible winning or Withdraw are subjected as follows:

1. Any Payment such as Bank Wire, MoneyGram, Western Union, Crypto Payment or any other form of E wallet payment other then Credit Card which is NOT instant must be first and foremost credited to the Casino in Full payment

2. Payment must appear before any Bonuses, Chips, or Cash can be issued, claimed or used for play or winnings of any kind.

3. Operator must have the funds in Bank account IN FULL before any possibility of withdraw can take place or any rewards can or are due to be given to any Member making a Real Deposit.

4. As a part of the T&C all sides must fulfill their obligation and play Fair & responsible regardless of any tournaments, raffles or any and all promotion associated with our Casino Games.

5. Wins, or Prizes will be automatically void if payment were not receive or have been delayed/Returned or any other reason that is beyond our control. The Jackpot winnings will be Void with no exception.

Betbit reserves the right to Cancel any withdraw or Jackpot Balance in advance if payment was not honored by or "the bank" e.g. "client bank" or any 3rd party payment processing involved in delay of payment.

All risks relating such matters are at the client own discretion and responsibility and Betbit reserves all right of declining unfair play

15. How to Close an Account

If for any reason you wish to close your Betbit account all you have to do is send an email to customer services and state "close my account"; in the title and one of the customer services agents will respond to you as soon as possible.

16. Wagering Requirements

If you are eligible for a Bonus (for example, sign up bonus or deposit bonus), the bonus wagering requirements will apply before you will be able to make any withdrawals.

Only wagers or bets made using bonus balance will contribute towards the wagering requirement. Playing for fun on any games will not contribute.

Unless otherwise stated in the promotion terms and conditions or the bonus terms and conditions, all bonuses will have a minimum wagering requirement of x40. This means that the bonus + deposit must be staked 40 times before any potential winnings are available for withdrawal.

For more info go to the Bonus section below and the bonus terms and conditions.

17. Bonuses and Free Spins

Betbit may at any given time offer you a bonus or free spins for a game or as part of a promotional offer.

Any bonus received must be wagered 40x.

The Betbit deposit bonus, unless otherwise stated is only valid once per account, household or IP address.

A free spin must be wagered 40x. Free spin play can begin only while you have real money in your account.

The free spins that are given to you are game specific and cannot be transferred to another game or under any circumstances to another user. Free spins that are not used after seven days will be lost, while non-deposit free spins will only be valid for the day of the offer, unless stated otherwise in a promotion terms and conditions.

Free spins that have conditions attached will be credited to your account when you have wagered a minimum of 40 EUR in the casino, unless stated otherwise.

All winnings won while playing with free spins are considered to be bonus money and will be converted to real money only once the bonus wagering requirements are met, unless stated otherwise in a promotion terms and conditions.

If for any reason what so ever there is no maximum value specified for a Bonus, the maximum value will be 100 EUR. For more info go to the Wagering section.

18. VIP Club

The Betbit VIP Club is a series of defined levels involving preselected games or betting promotions which you can take part in for rewards.

Every time you successfully complete a level you will automatically move up to a higher level. Unless stated otherwise, you are obliged to check the individual terms and conditions of each VIP club bonus and promotion carefully before you accept.

Only if stated in the promotion, bonus and free spins terms and conditions or unless stated otherwise, the wager on certain promotions, bonuses and free spins may count towards fulfilling the wager requirement and on any other promotion, bonuses and free spins only real money can be wagered. Specific terms and conditions also apply to any promotion, bonus, free spin or free bet, for example, a bonus + deposit must be staked 40x.

19. Publicity

Betbit reserves the right to discontinue any promotion and by accepting our terms and conditions you hereby agree that:

Your first name, the first letter of your last name, your username, the town or city you line in, the county you live in, details of your winnings as well as any content, promotion entries, photographs, footage, audio recordings and quotes (including, but not limited to, any taken from telephone conversations, email correspondence or the chat facility) provided by you to us ("Publicity Content") may be featured on the Betbit website and used in marketing and publicity undertaken by Betbit .

You also agree that if by any chance you choose to close your Betbit account, we may still continue to use such publicity content.

If by any chance at a later stage you agree to be filmed, photographed and/or recorded, you give your irrevocable consent to being filmed, photographed and/or recorded (the "Contribution") for the sole purposes of marketing. You agree that if needed you are happy to feature in such marketing and publicity material at no cost to us. You also agree that if by any chance you choose to close your Betbit account, we may still continue to use such publicity content.

20. Liability

You enter the Betbit website and participate in all the games and the betting promotions at your own risk.

The Betbit websites, the games offered and the betting promotions offered are provided without any warranty whatsoever.

Accordingly, Betbit shall not be liable for any: loss, costs, expenses and/or damages whatsoever in any case whether direct, indirect, special, consequential, incidental or otherwise, in relation to the use of the Betbit websites or your participation in the games or in the betting promotions.

This clause will not be considered to be excluding liability as nothing in these terms and conditions will operate as to exclude any liability Betbit may cause in respect of fraud, personal injury or death.

21. Responsible gaming

At your discretion you may choose to be excluded from playing any games on the Betbit website. In order to block your access to the Games or to the Services and exclude yourself, you will need to send an email to the Betbit customer services department with the following subject "I want to be excluded from Betbit.com".

When sending an email to the customer service department in order to self-exclude yourself please specify the time period for which you want to exclude yourself, 1, 7, 14 days or 1, 2, 3, 4, 5, 6 months or 1, 3, or 5 years.

If you would wish to reactivate your Betbit account, you will only be able to do so after your exclusion period has come to an end by contacting the customer support department by phone or email. A cooling off period will apply before your account is reopened after self-exclusion.

The Betbit self-exclusion option is a joint commitment between Betbit and you. Betbit will take reasonable steps and actions to prevent you from re-opening your account as well as opening a new account, but you must not attempt to re-open your account or to open a new account.

For more information on responsible gaming, please see the "Responsible Gaming" link at the bottom of the website.

22. Chat Facility Rules

As part of using the Betbit website, we provide you with the live Chat option to communicate with the Betbit customer support department for any relevant issue. The live chat option on the website is moderated by Betbit and is subject to the below rules:

Any and all conversations are recorded and will be kept for a minimum of six months.

Your use of the Betbit chat option should be for purposes relating strictly to Betbit services and any relevant problems you might be having in relation to these services.

Abusive and Offensive language will not be accepted whatsoever.

23. Breaches, Penalties and Termination

If you by any way, intentionally or unintentionally, have breached any provision of the Betbit terms and conditions or we have any reasonable ground to suspect that you have breached the terms and conditions, Betbit reserves the right to not open, suspend or close your account, or withhold payment of your winnings at all times.

24. Entire Agreement

The Betbit terms and conditions stated here are constitute the entire agreement between you and Betbit with respect to the websites and save in the case of fraud, supersede all prior or contemporaneous communications and proposals, whether electronic, oral or written, between you and us with respect to the websites.

25. Applicable law and jurisdiction

You ("the user") acknowledge that, unless stated otherwise at any time or point, the games and the services provided by Betbit are organized and managed in Curacao, and your participation in the Betbit games and services take place in Curacao.

Notwithstanding anything to the contrary in the Betbit terms and conditions stated here, the parties agree that any dispute, controversy or claim arising out of or in connection with these terms and conditions, or the breach, termination or invalidity thereof, shall be submitted to the jurisdiction of the Curacao law.

26. Data Protection and Privacy Policy

By registering on the Betbit website you hereby acknowledge and accept the privacy terms and conditions as well as accept that it is necessary for Betbit to collect and otherwise use your data in order to allow you access and use of the Websites and in order to allow you to participate in Games or Bets.

Betbit hereby acknowledges that when collecting your data, we are bound by the Data Protection Act of the law of Malta. Betbit will protect your data collected and respect your privacy in accordance with applicable laws.

Betbit will only use your data to allow you to participate in the Games and Bets. We may also use your data to inform you of changes, new services and promotions that we think may be of interest to you.

Betbit prides itself on keeping your privacy and will not under any circumstance disclose your data to third parties unless it is necessary for your participation in the Games or Bets; or unless it is required by law; or unless it is required in order to responsibly fulfill anti-fraud and anti-money laundering obligations to which we have to abide. Certain parts of your data may be disclosed to Betbit 's business partners, suppliers and or service providers. All Betbit employees, in Customer support, payment department and other employees shall also have access to your personal data for the purpose of executing their duties and providing you with assistance and the Service.

Betbit will keep all provided information as personal data. No data will be destroyed unless required by law, or unless the data kept is no longer required to be kept for the sole purpose of the relationship.

Betbit might have recourse to credit rating agencies, fraud detection agencies, anti-money laundering agencies during the processing of your betting transactions. These agencies may keep a record of your data and that you hereby consent to the keeping of such records by third parties.

In order to make your time spent on the Betbit Websites more user-friendly as well as improvements that may be needed to the websites and improve service we collect a small amount of data sent by your browser, called a cookie and you can at any given time turn the settings off (please refer to your browser settings to do so).

Betbit may contact you occasionally by email, telephone or other forms of communication with new offers and promotions from other websites which are managed under the licenses of Betbit . You hereby consent to such contact.

drawal terms and additional bonus information click here