Listed below are the betting sites that accept Crypto as a form of currency. In most cases this is for both deposits and withdrawals, but keep in mind payment processing can vary across each platform and additional fees may be incurred for crypto payments.
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What Is Cryptocurrency
Digital money with cryptograph tech
Cryptocurrency is a modern form of payment, with this being an internet-based form of exchange. There is something called blockchain technology in place which enables cryptocurrency, with cryptographical functions being used to conduct financial transactions. Some have described it as a person-to-person electronic money interchange and it’s a new approach compared to old money.
Bookies are starting to add crypto
Although it sounds complicated, a growing number of customers are looking to place cricket bets using a cryptocurrency bookmaker. Many Indian-facing betting sites accept different forms of crypto and Bitcoin is generally the most popular option, although there are always new type of crypto that are being introduced.
Only select currencies so far
Crypto as a payment type works well with a betting site providing that provision has been made to accept the various forms of cryptocurrency. Aside from Bitcoin, you can also expect to use Ethereum and Tether when it comes to your betting account and all transactions are anonymous.
It’s anonymous but unregulated
Indeed, the biggest advantage for many customers is that they don’t have to submit their personal details or any banking information in order to make a deposit or withdrawal. However, it needs to be noted that all cryptocurrency is not part of a regulated or centralized market.
Expect larger deposit requirements
Therefore, there is an obvious element of risk attached when it comes to using cryptocurrency betting sites, irrespective of the crypto you are using. There might also be a higher minimum deposit amount and the value of your crypto can obviously change in a heartbeat which means that you should have some expertise before you use it.
How To Deposit With Crypto
- Make sure you have a private funded crytpo wallet or account
- Head to the bookies banking section
- Select deposit as normal
- Change you deposit from the banking type to crypto
- Select the cryptocurrency you have funds for
- Follow the bookies crypto deposit prompts until complete
You need an account or wallet
The first port of call is to ensure that you have enough crypto in an account to make a deposit into your Indian betting site account. Therefore, check out the minimum deposit amount before you go ahead and make a transaction. You also need to be a registered customer with a bookie.
Head to the baking section
You can then head to the payment section and choose the cryptocurrency option. You need to have the money in a cryptocurrency wallet such as Coinbase, with customers then being able to head to the “Deposit” section of their betting account. Select your preferred cryptocurrency such as Bitcoin from the dropdown menu that is featured.
Pick your prefered crypto currency
Once you have selected the specific cryptocurrency, you will then see the address where you need to send the payment. You can then go into your crypto wallet and process the payment and everything should work in synchronisation. In a short space of time, you should see a balance to reflect the deposit that you have just made.
Anonymous and Secure
One of the big advantages to making a crypto betting deposit is that this is done anonymously and leads to a more secure experience, while a good bookmaker should also have no payment charges or deposit fees. There should be a good structure in place to make sure that the transaction can take place and we can highlight the leading crypto betting sites.
Betting Withdrawals Through Crypto
Crypto is fast
One of the key advantages to betting with cryptocurrency is the fact that you can make speedy payments and that not only includes making deposits but also withdrawals. Being able to quickly return your funds after winning on a bet is a big plus and a good crypto betting site will be able to process the money quickly.
Withdraw as easy as you deposit
As with any other form of withdrawal, you might need to initially submit some form of identification or verification before a bookmaker will make the transaction. However, the act of making a withdrawal should be a fairly speedy one. It’s a case of heading to the “Bank” or “Cashier” section of the site and then tapping on “Withdrawal”.
You can select the amount that you want to take out of your betting account and you then have to confirm that the destination Bitcoin wallet is yours before proceeding with a withdrawal. For example, you can direct your funds to your Coinbase account and you can also choose to redirect this to your blockchain wallet.