How to use cryptocurrency for betting in India

Cryptocurrency is one of the famous international currencies today. This is virtual money that you can’t withdraw from the bank, but you can buy it for real money. On a crypto betting website, you can use these virtual tools in the same way as regular ones. However, it would be best to consider that not all companies support these payments on the site.

In this article, we explain how to use cryptocurrency for placing bets.

Cryptocurrency betting sites

Crypto betting platforms can be represented by a sports betting site or an online casino. Most users prefer to bet on sports. This is because, as a rule, on sports bets, the chances of winning are higher.

Most gamblers choose bookmakers where they can bet on their favorite sport. Since, unlike online casinos, sports betting takes place more thoughtfully, many users prefer them. Here they can show all their talents and knowledge associated with their favorite sport. In turn, people who want to experience luck are mostly registered in online casinos. Some bookmakers and online casinos provide this excellent opportunity to do cryptocurrency betting.

  • Sportsbet.io
  • 22Bet
  • 1xBet
  • Pure Casino
  • Betwinner

Users may place a crypto bet for sports or an online casino.

How to deposit with cryptocurrency in India

To transfer virtual funds to a deposit, you need to purchase them if you already have bitcoins. That is why we made a brief instruction for the acquisition of cryptocurrency.

Buy cryptocurrency

You have two options to purchase the virtual money.

First of all, you can purchase virtual money online. This method is the most popular since there is no need to go outside, and a vast cryptocurrency market is opened in front of you, whose owners live in entirely different countries.

For residents of India, there are preferred and most popular sites where you can buy such money. Among such sites:

  • Unocoin.com
  • Bitbns.com
  • Mycelium.com

To buy currency, you must register on the site of your selected crypto wallet. The registration procedure for all sites is standard. You enter the requested data and then activate an account and everything. You can choose the cryptocurrency you like and pay for it with a card on the wallet website. After that, virtual money will immediately appear in your wallet, and you will have the opportunity to transfer it to a crypto betting platform to bet on sports or play slots and games in an online casino.

However, you may not be able to purchase virtual money online with a credit card. Everything is decided quite merely. You can buy a cryptocurrency for cash.

To do this, you will still have to register and create an account with a crypto wallet. This is necessary because virtual money can only be stored there. After that, you find on the Internet a person who wants to sell some amount, or it may just be your friend. You agree to a meeting where you exchange money.

You just need to meet a person who will sell you cryptocurrency. You’ll be able to see the transfer to your account right away. Your account displays the transfer amount. In turn, you will give the seller a pre-agreed amount. We recommend looking for sellers only on verified sites to avoid cheating.

Most bookmakers and online casinos do not accept all cryptocurrencies. That is why you should choose the most common options, such as:

  • Litecoin
  • Bitcoin
  • Ethereum
  • Ripple
  • and some others.

Check out the list of available cryptocurrencies on the site in advance not to have problems transferring money to a deposit.

You should buy cryptocurrency to place a bitcoin bet.

Deposit cryptocurrency on a betting site

You are probably interested in finding out where and how to play cryptocurrency betting games. To start the game on the crypto betting website, which you select, you first need to top up the deposit.

  1. To do this, on the site’s home page, find a section with the balance of your account.
  2. Go to this section.
  3. Here you will see the deposit replenishment function using a crypto betting coin.
  4. It would be best if you chose the cryptocurrency that you have.
  5. After that, you get explicit instruction from the site on how to complete the translation.
  6. To do this, copy the link on the bookmaker’s website as indicated in the instructions and paste it into the specified section in the crypto wallet.
  7. Here you will need to specify the transfer amount to complete the transaction.
  8. When you first replenish your deposit, be careful and remember to note on a crypto betting platform that you are becoming a user of the site for the first time. So you can get a welcome bonus from the company.

In India, not all companies accept cryptocurrency. That is why you should familiarize yourself with the list of sites with cryptocurrency best bets.

  • Sportsbet.io
  • 22Bet
  • 1xBet
  • Pure Casino
  • Betwinner

Top up an account to place a bet.

Place your bet

The use of cryptocurrency on the site does not differ from the use of other currencies. If you have already added to your crypto betting website account, you have the right to place any bets on choice.

If you are on the bookmaker’s website, you need to choose the sport you want to bet on the main page. In this section, you will find all possible betting options, all available commands, and more. If you are using the site for the first time, you should choose the easiest bet option. Here you select the bet amount and wait for it to play.

You may also want to play online casinos. Here, too, the mechanism is straightforward. Depending on whether you prefer slots or other gambling, you choose what you like. Here it would be best if you familiarized yourself with the rules of the game. According to them, you make a bet, the size of which you also choose for yourself. If you win, your chance will increase as many times as required by the rules. Let’s say if you do bitcoin betting, and then you get the win in bitcoin.

The cryptocurrency betting process is straightforward and does not differ from rates with other currencies, so you will definitely not have difficulty with this.

The cryptocurrency betting process is easy and straightforward.

How to withdraw cryptocurrency in India

How to withdraw cryptocurrency to a bank account is one of the most popular questions. Everything is straightforward:

  1. To begin, you must go to the section with your balance.
  2. Here you will see the amount you have already won.
  3. To withdraw money to your personal account, you must select this feature.
  4. After that, you enter the transfer amount, and the site will indicate the minimum amount.
  5. In line with the account, you need to enter the number of your crypto wallet.
  6. The transfer will then be completed.

The first time you withdraw funds from the site, you may be asked to go through the identification process. This is necessary to avoid data theft and other scams.

Therefore, the next time you question how to withdraw cryptocurrency in India, you can safely answer that it is elementary.

After winning users can withdraw their money to a crypto wallet.

Advantages of Cryptocurrency Betting

Nowadays, crypto betting exchange is something that begins to become something closer to our lives. More and more people prefer virtual currency. Among them are many users of bookmakers and online casinos. This is due to several reasons:

  • First of all, now many cryptocurrencies acquire value, so users want to increase fortune in the most progressive and innovative currency.
  • Also, when using a crypto wallet, you have the opportunity not to provide personal data, thereby gaining the opportunity to replenish the site’s account anonymously, which is a decisive factor for some users.
  • Also, transfers to the crypto wallet and replenishment of the deposit with its help are incredibly fast. When using other payment systems and other currencies, the money transfer may take some time. The withdrawal of money sometimes takes up to several days. In turn, cryptocurrency transfers are always quickly processed on the bookmaker’s website, so waiting times are reduced to a minimum.

Therefore, if you are not already using cryptocurrency, you should look at cryptocurrency betting exchange and make sure that investments in this financial sphere are promising.

There are many disadvantages of cryptocurrency betting.

Bitcoin betting sites

Bitcoin is probably the most popular cryptocurrency in the world. If you have this currency, it is most likely to be accepted on any crypto betting website. That is why we decided to provide a small list of the best sites where bitcoins are adopted as currency.

  • 1xBet
  • Sportsbet.io
  • 22Bet
  • Pure Casino
  • Betwinner

All these Indian sites accept bitcoins as payment and provide the most beautiful conditions for quick transfers.

Many Indian sites accept bitcoins as payment.

Best bitcoin betting site

As the best bitcoin betting site, we chose 1xBet as this company provides excellent terms of use of this currency on the site. Here you can make a vast & of bets with good coefficients and continuously increase cryptocurrency. Therefore, you should pay attention to this site if you want to start betting on virtual money.

In our review, we explain why we choose 1xBet as the best bitcoin betting site.

Cryptocurrency FAQ

Is cryptocurrency legal in India?

You can use this currency, purchase it and sell it in India absolutely legally. That is why bookmakers and online casinos use cryptocurrency as payment.

Is cryptocurrency safe?

Some cryptocurrencies are unstable, so some users are afraid to start using them. It would be best if you prefer the most popular cryptocurrencies, then you will be sure of security. Also, betting sites guarantee full protection of your funds.

Is cryptocurrency available in India?

Since many cryptocurrencies are international, you can purchase them via the Internet while in India. The process of buying and selling cryptocurrency will be legal if you use verified sites.

How to withdraw cryptocurrency in India?

Like any other money, you can withdraw cryptocurrency through an account on the site for bets by merely entering the number of your cryptocurrency currency wallet.

How to withdraw cryptocurrency to PayPal?

PayPal provides detailed instructions on cryptocurrency translation. To do this, you will only need to enter the amount and account number where you want to transfer virtual money.

How to withdraw cryptocurrency to bank account India?

To withdraw money to an Indian bank account, you will have to use an exceptional service that conducts such transactions.

How to withdraw cash from cryptocurrency?

To do this, you will have to sell a cryptocurrency since this is virtual money, and you cannot withdraw it.

Is it safe to bet with cryptocurrency?

Betting sites have a responsible policy, so nothing threatens your cryptocurrency on your deposit account. You can safely transfer virtual money to a deposit.

How do I use Bitcoin for sports betting?

Like any other currency, you can put bitcoins on any sport. You will go through the standard procedure, where you will be asked to enter the rate amount, so there should be no difficulties.

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