Bitcoin Betting Sites in India: Bookmakers that Accept Bitcoin in May 2024
Bitcoin has developed over the years to become a viable method to use as a tool to fund your online sports betting. It’s so well-established, in fact, that some online bookmakers deal exclusively in Bitcoin. In this article we’ll provide information regarding the popular cryptocurrency and walk you through how to use it in India for sports betting. The following betting sites accept bitcoin as a payment method:
New customers only | Commercial content | 18+ age limit | T&Cs apply
1
9.5/10
Stake reviewBonus up to : ₹100000
2
9/10
1xbet reviewBonus up to : ₹66000
3
8.5/10
Betwinner reviewBonus up to : ₹10400
4
8/10
10cric reviewBonus up to : ₹15000
New customers only | Commercial content | 18+ age limit | T&Cs apply
You can also check out other payment methods accepted by Indian betting sites.
Bookmaker Sports Betting with Bitcoin: Reliable and Secure in India
One of the principal advantages of using any cryptocurrency is the security and Bitcoin is no different. It is often the reason why many prefer to make payments with Bitcoin as it is often considered to be more secure than traditional credit and debit cards. With no need for third-party verification, you guarantee that your data isn’t stored in a database which can often be vulnerable to cyber attacks.
The nature of blockchain technology means that transfers made with Bitcoin are completely anonymous, with the only identifier being a public key (cryptographic code). This means that they don’t link back to any real-world identity from the sender, thus making them an extremely secure option.
Depositing with Bitcoin for your Sports Bets in India: Quick and Easy
There are a few steps that you’ll have to take before your sportsbook account funded by Bitcoin is up and running.
How do I register with Bitcoin to place a bet with an indian bookmaker?
Coming to grips with the process of using cryptocurrency and Bitcoin for online payments can sometimes be a bit tricky. However, you’ll find that it operates for the most part in a similar manner to any other digital wallet. Below we’ll go over the important steps that you’ll need to know as an India-based sports bettor looking to use Bitcoin:
- Choose from a number of online crypto wallets, whichever one suits you best.
- Once you’ve registered an account with the wallet of your choosing, you will next purchase Bitcoin.
- You can select the payment method that works best for you. It is similar in this respect to other digital wallets in that you can fund your account by linking your bank account or by using a credit/debit card.
- Select the amount of Bitcoin you wish to purchase which is also displayed as a monetary dollar amount to make things easier.
- Once the transaction is confirmed, you should have your Bitcoin amount available in your wallet. These purchases are usually instant.
- The next step is to transfer your purchased Bitcoin from your online crypto wallet to your sports betting account.
- Head over to your preferred sportsbook and begin the process to make a deposit.
- Select Bitcoin and enter your desired deposit amount.
- The bookmakers should provide you with a wallet address, a randomly generated sequence of 26-32 letters and numbers. Copy this address to your clipboard.
- Navigate back to your crypto wallet and select the option to transfer cryptocurrency.
- Select Bitcoin as the crypto that you wish to transfer, paste the bookmaker’s wallet address as the destination and confirm the transaction.
- Your funds should be available at your sports betting site usually within 20-30 minutes.
There are certainly a few more steps involved with the process of using Bitcoin to fund your sports betting account simply because it requires a crypto wallet to be created if you don’t already have one. However, it is mostly straightforward and once you go through the process the first time, you should get the grasp of it rather quickly.
India: How Do I Place Sports Bets with Bitcoin in 2024?
Once you have your cryptocurrency wallet set up and you’ve purchased Bitcoin, it will generally only take 20-30 minutes until your account is funded and you can begin betting.
Navigate to your preferred bookmaker and head over to the cashier. Ensure that they have Bitcoin as an available deposit method and decide on the amount you wish to deposit. The only information you have to enter at this stage is the deposit amount. You’ll be provided with a wallet address (a randomly generated sequence of 26-32 letters and numbers) that you send the Bitcoin transfer to from your personal crypto wallet. These addresses are quite long so be sure to copy to your clipboard.
The next step is to head back to your crypto wallet and select the option to transfer cryptocurrency. Select Bitcoin as the crypto that you wish to transfer, paste the bookmaker’s wallet address as the destination and confirm the transaction. The only thing left to do is to wait a short amount of time until the funds hit your betting account and you’ll be good to go!
Is it Possible to Use Bitcoin to Withdraw Money from an indian Sports Betting Site?
As with many other payment options, you will generally find that if you can make a deposit, you will be able to withdraw using the same method. This helps betting sites abide by the “closed loop policy” which many of them implement.
The nature of cryptocurrency also makes it an ideal payment method in these types of transactions due to its decentralized nature. It’s always important to double check the bookmaker’s withdrawal policy for cryptocurrency as there could exist slight variations. However, the process for withdrawing in Bitcoin is usually the same across the board and mirrors very closely the deposit process. You specify your withdrawal amount and then enter the wallet address of your personal crypto wallet.
The time it takes to receive the funds into your crypto wallet can depend from betting site to betting site. 1xBet, for example, lists only 15 minutes as their processing time.
Bitcoin Fees: Do They Exist for Sports Betting in India?
Bitcoin transfers in India will not come with any added on fees from the bookmakers themselves. This is generally true for most payment options with online betting sites in 2024, which is certainly a positive. When making transfers with Bitcoin, you will have to pay a transaction charge. However, the charge amount is generally quite small, usually lower than 2%. It can even get lower the higher that the monetary value of the transfer gets. In 2023, the average transaction fee paid was less than ₹83 (1 USD).
Does Bitcoin have Minimum and Maximum Deposit Amounts for indian Online Bookmakers?
Betting sites are in charge of setting their own minimum and maximum deposit amounts for each of their provided payment methods. Bitcoin is no different in this regard. A method such as Paytm could have different limits than Bitcoin, for example.
However, we can report that Bitcoin deposits do not stand out as having out of the ordinarily high or low minimum and maximum limits. You’ll generally find that they are in line with the other payments offered by the site. This is to say, you can expect the minimum deposit amount will be quite low. Maximum deposit limits are more undefined as they can often vary depending on account. These can also often be raised or lowered by the player’s request.
Which indian Bookmaker Mobile Apps Can I Use to Bet with Bitcoin?
Bitcoin lends itself well to mobile betting as you can handle all of your crypto transfers and payments on your phone. Each crypto wallet will offer their own dedicated app which you can use to make quick and convenient transfers. With mobile betting more popular than ever, being able deposit, bet and withdraw all through your mobile is a huge plus.
You won’t find any problems using Bitcoin when it comes to the mobile apps of the betting sites, either. Most bookmakers offer their own apps or at the very least, a highly-optimized mobile betting platform accessible through web browsers. Books will also provide the same payment options, both for depositing and withdrawing, that they would should you be accessing the desktop version of the site.
Which Is the Best Betting Site for Bitcoin in India?
Below you’ll find the best betting sites in India that we would recommend if looking to make a deposit with Bitcoin. The good news is that there’s plenty of variety here with each site offering up something unique. If you’re particularly passionate about Bitcoin, you might want to check out Stake, as they are a site which deals exclusively in the famous cryptocurrency. That means not only will your deposits and withdrawals be in Bitcoin, but your wagers as well!
- 1xBet
- Stake
- 10cric
- Betwinner
In a Nutshell: Why Use Bitcoin at Your indian bookie for Online Betting?
Bitcoin truly feels like the money of the future due to being a purely digital currency. Many have come to understand the value that it holds as an alternative method of payment over the years and its popularity continues to grow. Bitcoin is becoming more and more a part of everyday life with some brick and mortar stores now accepting cryptocurrency. On a global scale, El Salvador has even adopted Bitcoin as legal tender, adding further validity to the blockchain, cryptocurrency and of course, BTC itself.
When it comes to sports betting, Bitcoin allows users to make ultra-secure, decentralized and fast transfers with only a small transaction fee attached. This lends itself perfectly to the world of online betting and thus earns an emphatic recommendation from our side.
Payment methods for betting sites in India:
- Paytm Betting Sites: Bookmakers in India that Accept Paytm
- Best betting payment methods for online bookmakers in India
- Ethereum Betting Sites: Bookmakers in India that Accept Ethereum
- Litecoin Betting Sites: Bookmakers in India that Accept Litecoin
- PhonePe Betting Sites: Bookmakers in India that Accept PhonePe
