There has never been a better time to become involved with online gambling in India and many people are wanting to learn how to bet with cryptocurrency in India. Cryptocurrency betting in India is rising in popularity and we are going to show you how to play with cryptocurrency in India and where Indian players can play with cryptocurrency.
Is playing with Bitcoin legal in India? This is an important question and there is a two part answer. Thankfully, the answer to the question,is betting with cryptocurrency legal in India is yes, in that it is not illegal to bet using cryptocurrencies in the country. However, it is worth pointing out that gambling or using cryptocurrency in general, is not regulated in India. So, while it is possible to enjoy betting with cryptocurrency in India, you are advised to only use recommended online bookmakers and we will show you where India players can play with cryptocurrency below.
Firstly, let’s take a look at how to play with cryptocurrency in India and what it is all about.
1. What is Betting with Cryptocurrency About?
Betting with cryptocurrency online in India is different to regular online betting because cryptocurrency is virtual. It does not exist in any physical form, unlike the Indian Rupee, which can be used to purchase an item in a shop, with cash. So, if you place a winning bet using cryptocurrency, you will receive your winnings in cryptocurrency unless the funds have been converted and we have recently seen the introduction of cryptocurrency specific online gambling websites.
It is even possible to bet at an online India sportsbook with cryptocurrency offer, such is the growing popularity of using cryptocurrency as opposed to real cash. The betting odds and format of placing a bet remain the same, the only difference is the funds you are using to make the bet.
One of the many benefits of playing with cryptocurrency in India is you remain anonymous, meaning your details cannot be stolen by hackers. With that in mind, let’s move on and see exactly how to play with cryptocurrency in India.
If you are looking for alternatives to playing with bitcoins and you are more interested in slots and games than sports betting, we recommend our article about QR payments in casinos, which you may find useful and interesting.
2. How India Players Can Bet with Cryptocurrency
Betting with cryptocurrency online in India begins by making a deposit into your online betting account using the cryptocurrency of your choice. There are several top Bitcoin casino brands in India but some of the other cryptocurrencies available online include Litecoin, Dogecoin, and Ethereum.
The main reasons why people choose to use cryptocurrency for online gambling in India is speed and privacy. Using cryptocurrency to make deposits and withdrawals, is extremely fast when compared to other forms of payment, and in most cases takes a matter of seconds.
Betting with cryptocurrency in India on mobile phones, tablets, or computers begins by registering for a crypto wallet. Having done so, you can fund your wallet by purchasing coins using real money but always remember the price of cryptocurrency fluctuates, meaning the value can change at any time.
Now you have cryptocurrency in your wallet, you can register at the best bookmakers in India for betting with cryptocurrency, and we will come to these shortly. Always look for the online India sportsbook with cryptocurrency offer before you begin and you can find out more about individual bookmaker offers by clicking on our links for each online bookmaker below.
Making a deposit at an online India bookmaker using cryptocurrency is easy. You will be given an address for the wallet of the online bookmaker which you can enter and then, select the amount you want to deposit. Depending on the website you have chosen, the amount you deposit may be converted back into Indian Rupees or another real currency. This is not an error, so do not worry if the money you are betting with is not cryptocurrency coins, it is common practice.
3. Best Online India Brands for Cryptocurrency Betting
The best India online casinos for cryptocurrency include 1XBET, Betwinner, and Bitstarz. The latter of these is interesting because if you have been looking where India players can play with cryptocurrency, Bitstarz has been created specifically with that in mind. In fact, as stated on their website, ‘BitStarz was the first multi-currency online casino to offer play in major international currencies such as Dollars and Euros as well as Bitcoin and other Cryptocurrencies’.
There are well over 2500 different online casino games available at Bitstarz, including Slots, Jackpots, Table Games, Live Casino, and Bitcoin Games. The majority of the latter are slots games, with several exclusive Bitcoin slots on offer.
Moving on and another of the best India online casinos for cryptocurrency is 1XBET. There are over 200 payment methods available at 1XBET, with a range of cryptocurrencies, including Bitcoin, Litecoin, Dogecoin and many more. You can even bet using Steam game items, which is fantastic. You can play casino games and bet on sport using 1XBET. In addition, we have a special 1XBET India VIP promo code, thanks to which the profits made while playing can be even bigger!
Betwinner is similar to 1XBET in that they provide both a casino and sportsbook. Betwinner was one of the first gambling websites to offer Bitcoin and Litecoin and now they accept more than 10 different types of cryptocurrency as a payment method.
Some of the bonuses you can claim at the casinos highlighted above include no deposit bonuses, matched deposit bonuses and free spins. Click on our links to find out more.
4. Tips for Playing Online with Cryptocurrency in India
Perhaps the most important thing to remember when betting with cryptocurrency online in India is some websites will convert your cryptocurrency into Indian Rupees for betting purposes. However, Bitstarz does offer slots games that can be played using Bitcoin.
The value of cryptocurrency tends to fluctuate and can be quite volatile at times. So, the cryptocurrency you own could be worth 10,000 Rupees one day and fall to 8,000 Rupees the next. You must keep this in mind when gambling online and one of our top cryptocurrency betting in India tips is to always monitor the value of your cryptocurrency closely.
As with any form of online gambling, how to bet with cryptocurrency in India follows the basic principles of only bet what you can afford, choose one of our recommended online casinos, and speak to the customer support if you have any issues.