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!

Crypto Betting Sites

1. 22Bet
2. Parimatch
3. Rabona
4. Melbet
5. Librabet
6. Betwinner
7. 1xBet

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?

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.

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.

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.

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!

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!