Cryptocurrency Betting Sites

Now you can deposit money on a number of betting sites in India by using cryptocurrency. In this article, we will show you exactly how it's done!

How to Deposit with Cryptocurrency

Cryptocurrency is one of the latest technological advancements which has made online money transfers easier and safer. Cryptocurrency has reshaped the way the world thinks about finance. It's basically a currency which only exists online.

To use cryptocurrency, you must first buy some, and then send it to your intended destination. It's completely safe, incredibly fast, and completely anonymous, making it the ideal solution for depositing money on a betting site!

Using cryptocurrency to deposit on betting sites is one of the most convenient ways of using your digital money online!

However, if you're completely new to the world of crypto, it can be a confusing concept for you to grasp at first. You may not be fully sure of how to buy and use crypto online.

To that end, we have created this detailed and comprehensive guide explaining how to use cryptocurrency to bet online! By the end of this article, we are confident that you will know exactly how to use betting sites with cryptocurrency!

TABLE OF CONTENTS

Here's everything that you will learn in this guide to betting sites with cryptocurrency:

  • Betting Sites That Accept Cryptocurrency
  • Pros and Cons of Using Cryptocurrency
  • How to Buy Cryptocurrency
  • How to Use Cryptocurrency on Betting Sites

So without further ado, let's jump right into this guide!

Betting Sites with Cryptocurrency

Betting Sites with Cryptocurrency

Company Bonus Min Deposit Payment Methods Bonus CodeLink
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FAQs about Betting Sites with Cryptocurrency

Cryptocurrency is a pretty new thing, so a lot of people are wondering what it is and how to use it for depositing on a betting site. Here are some of the most common questions about cryptocurrency and our answers.

💱 What is cryptocurrency?

Cryptocurrency is a type of currency that only exists online. It is created and transferred using the so-called blockchain technology, which is essentially a ledger that records when and where a cryptocurrency transfer was made. As such, it is a decentralized currency. No one is in control of it. The price of cryptocurrency depends entirely on what the users are willing to exchange it for. The most common cryptocurrencies are Bitcoin, Litecoin and Ether.

📜 Is cryptocurrency legal in India?

Yes, cryptocurrency is completely legal in India. However, it’s not legal tender such as the Indian rupee, which makes it an approved national currency. But people are free to buy, sell and exchange bitcoin and other cryptocurrencies to their heart's desire.

❓ Where can I buy cryptocurrency?

You can buy cryptocurrency on a number of Indian cryptocurrency exchanges that allow you to pay with Indian rupees using convenient payment methods for Indian players. If you have a credit or debit card, you can also buy directly on one of the major international exchanges such as CoinBase. Otherwise, you can simply transfer your Bitcoin from an Indian exchange to CoinBase or another crypto wallet later on, to facilitate your crypto deposit on a betting site.

📲 How do I transfer crypto to a betting site?

Sending cryptocurrency to other people or companies is super-easy. It is done by copying a unique crypto transfer code and placing it in your crypto wallet. Then the crypto is transferred from your wallet to the recipient. It’s instant, it’s easy and it’s totally free. That’s why we love cryptocurrency transfers. Read our full guide on how to make crypto deposits on a betting site below.

🔒 Is it safe to use cryptocurrencies?

Yes, cryptocurrency is known for being a very safe and reliable way to hold and transfer money between different parties. The most unsafe aspect of holding cryptocurrency is if you lose your password to your crypto wallet. Your password is not stored anywhere, so it cannot be regained if lost. But aside from that, crypto offers a very safe way to make international money transfers.

👎 What's the biggest downside to using cryptocurrency?

Some cryptocurrencies (like Bitcoin) are highly volatile, meaning the price can go up or down very fast. This is not the case with most other fiat currencies, which retain their value quite well (aside from the usual inflation). So if you buy cryptocurrencies, you must be aware that the value of your currencies could fluctuate very much from day to day.

Betting Sites that Accept Cryptocurrency

Before we jump into learning more about how to use cryptocurrency to deposit on betting sites, we should first take a look at the various betting sites that accept cryptocurrency.

Cryptocurrency is becoming increasingly popular, which means that many of the betting sites in India have now begun to include crypto as a payment option.

Let's take a look at these betting sites!

Betting Sites with Crypto

Crypto Betting Sites

  1. 22Bet
  2. Parimatch
  3. Rabona
  4. Melbet
  5. Librabet
  6. Betwinner
  7. 1xBet
Betting Sites with Crypto Payments
Company BonusLink
#1
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#2
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#3
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Pros and Cons of using Cryptocurrency

In this section, we will compare and contrast the various pros and cons of using crypto betting sites. Once you are fully aware of how cryptocurrency works as well as its advantages or disadvantages, you can make up your mind about whether or not to use it!

So let's look at some pros and cons, shall we?

Pros of using Crypto Betting Sites

✔️ Cryptocurrency is based on a decentralized system, which provides unparalleled transparency to the user. Since the control of the currency is shared by everyone who owns it, there is absolute accountability on all counts.

✔️ You can access your cryptocurrency instantly as well as any time you wish to. While banks may be subject to "banking hours", your crypto works whenever you want it to!

✔️ Are you someone who doesn't like sharing their data online? Well then, cryptocurrency is for you. Because of the complete anonymity it provides, cryptocurrency is great for any betting-related transactions, without putting any of your personal information at risk!

Vaayu Saxena
Vaayu Saxena
Cons of using Crypto Betting Sites

Cryptocurrency can be difficult to understand. Until you properly understand how the blockchain works or how cryptocurrency transactions are recorded, you will feel a bit confused about the use.

Cryptocurrency is subject to volatile market fluctuations. This means that the price of a crypto unit keeps changing quite rapidly. While this has made millionaires of some, others have lost money in the crypto trade as well!

Vaayu Saxena
Vaayu Saxena

How to Buy Cryptocurrency in India

Cryptocurrency is among the most recent and innovative ways you can make transactions online. A cryptocurrency is essentially like a normal currency (such as Indian rupees), but cryptocurrencies only exist online. Some of the most common cryptocurrencies are Bitcoin, Litecoin, and Ethereum.

Cryptocurrencies can be bought and sold just like other currencies on the foreign exchange market. Their prices fluctuate just like all other currencies in relation to each other. But the great thing about cryptocurrencies is that they can be sent without using a bank. You can send crypto directly from your crypto wallet to the crypto wallet of another person or a business.

So what does this mean for you? How can you take advantage of cryptocurrencies to make a deposit on a betting site? We’re gonna tell you exactly how to do that in this tutorial.

The first step is to open a cryptocurrency wallet. We recommend that you open an account on Coinbase.

How to Buy Cryptocurrency

Open a Coinbase Account

The first thing you need to do is open up a cryptocurrency wallet. If you already have a crypto wallet, you can ignore this step. A cryptocurrency wallet functions like a bank account, in that you can send and receive different currencies and store them for later use. You can also see the value of your different cryptocurrencies at all times.

If you’re wondering which crypto wallet to use, we recommend using Coinbase or Mycelium. These are 2 of the most popular and common crypto wallets on the market. They are both user-friendly and provide access to a range of different cryptocurrencies. You can use these wallets to buy cryptocurrency, as well as to send it to a 3rd party such as a betting site.

We will now discuss the exact process of opening a Coinbase account.

Coinbase Account

How to Open a Coinbase Account

  1. To open a Coinbase account, navigate to Coinbase.com and click the “Get Started” button.
  2. Now, you just need to type in a few personal details about yourself. This includes your name, last name, email address, and password.
  3. Then Coinbase will send you an email that you need to confirm.
  4. After verifying your email, you will be asked a few more questions such as your country of residence and your phone number.
  5. After typing in those details, Coinbase will send you an SMS confirmation code which you need to type in as well.
  6. This 2-factor confirmation helps to ensure that you are really who you claim to be. After completing this, your Coinbase account is open!

It was just that simple! With a Coinbase account, you're now ready to buy your very first set of cryptocurrency!

How to Buy Cryptocurrency

Now, you will find yourself in the Coinbase dashboard. From here, you can purchase your first cryptocurrency. We recommend purchasing either Bitcoin or Ethereum, to begin with, as these are the most widely accepted on different betting sites. You can make your purchase using a credit or debit card.

Alternatively, you can also connect your Indian bank account and buy cryptocurrencies by making an online bank transfer or a wire transfer. This may be a good option for you if you do not have any bank cards at your disposal.

How to Deposit with Cryptocurrency on Betting Sites

Now that you got your hands on some cryptocurrency, it’s time to transfer it to a betting site so you can get started placing some bets. To do this, you must select a betting site that accepts deposits with cryptocurrency. Even though cryptocurrency is still a fairly new invention, many betting sites now accept crypto.

One of the best betting sites that accept cryptocurrencies is Parimatch. They have made it one of their unique marketing points that they accept different kinds of crypto. On Parimatch, you can deposit in Bitcoin, Ethereum, Litecoin, etc.

We believe that Parimatch is a great and highly innovative betting site that is looking to the future for ideas. Aside from cryptocurrency deposits, you will find many other modern betting features on Parimatch, including a very generous Welcome Bonus.

For your first deposit on Parimatch, they will give you a bonus of 150% up to 12,000 rupees! Sounds unreal? It's absolutely true!

Click the green “Claim” button to start an account on Parimatch and make a cryptocurrency deposit. It’s fast and easy!

Bonus:

150% Up To ₹20,000!

Turnover: 16x bonus amount Lowest odds: 1.9 Bonus code: No Code Needed

How to Deposit with Cryptocurrency

We will now demonstrate the step-by-step process of depositing on a betting site with crypto. Let's take the example of how to deposit on Parimatch.

You can refer to the screenshots attached below to understand the process a bit better.

Follow these few steps to deposit on betting sites with cryptocurrency:

  1. Create a new Parimatch account or log into your existing account by clicking below.
  2. Go to the Deposit section.
  3. Select your preferred cryptocurrency as the payment method. Let's choose Bitcoin for the sake for example.
  4. Now, you will see the address to which you must send your desired amount of Bitcoin.
  5. Go into your crypto wallet and process the payment.
  6. Your transaction will soon reflect in your Parimatch account as the corresponding rupee figure!

You can click on the button below to deposit on Parimatch with crypto!

CRYPTO BETTING SITES

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