Using Bitcoin to fund online cricket betting sites is becoming more and more popular in India.
We will tell you everything you need to know about using this cryptocurrency for betting.
Discover the best sites that accept Bitcoin and how to get started.
The first thing to do to begin online betting in India is open a betting account from our list of rated and reviews sites.
It is important to select a betting site that accepts Bitcoin at this stage.
Once you have registered and logged into your new account, you can then use Bitcoin to add your betting funds. Setting up a Bitcoin wallet is also easy to do
Once this is done it means placing wagers on all the latest odds is just a few clicks away.
It is quick and easy to transfer money from Bitcoin to your betting account.
Making a deposit to your chosen Bitcoin betting site is quick to do. You can add funds to your account instantly and won’t be charged to do so.
It is no different from using any other currency.
| Betting Site | Deposit Time | Fee |
|---|---|---|
| Rabona | Instant | No |
| 22Bet | Instant | No |
| 10CRIC | Instant | No |
| 1xBet | Instant | No |
| Sportsbet.io | Instant | No |
| Megaparri | Instant | No |
| Fun88 | Instant | No |
The country’s Supreme Court handed down a ruling in March 2020 that essentially legalised digital currency such as Bitcoin.
However, this development is a welcome change and should mean even more of India’s best betting sites are welcoming customers wishing to use crypto as their payment method in the coming months and years.
Several betting sites that welcome Indian players are now accepting Bitcoin for deposits and withdrawals. It’s a legal way to move money and can help avoid transaction and foreign exchange fees.
Because Bitcoin is a currency that is accepted around the world, it doesn’t need to be exchanged in order to be used on a betting site.
It means crypto is another option for avoiding additional fees when making transactions into your betting account. Use an MBTC to INR converter to help you with this calculation.
The value of Bitcoin itself can change, but it doesn’t need to be converted.
Once you have made a Bitcoin sports betting deposit into your bookie account, it will still show as INR in your overall balance.
Being able to bet in INR means it is easier to understand how much you are spending and how much you can win when placing wagers online.
One of the best elements of using cryptocurrency is it removes the need to give your financial details.
You’ll still need to register basics like your name, date of birth and email address to open a betting account. However, there’s no need to provide a credit or debit card in order to make a deposit or withdrawal. You simply be done by giving the details of the online wallet where any Bitcoin is stored, and making the transaction that way.
Using both the Bitcoin app and a betting app will make the process of depositing funds even quicker.
In fact, several of our top-rated bookies even have specific betting offers and bonuses for customers who deposit using the cryptocurrency.
Here are some of the best Bitcoin betting bonuses:
As well as being exclusively for Indian customers, 10CRIC have a Bitcoin welcome bonus too.
This matches your first deposit using the cryptocurrency at 100%, up to 30mBTC.
This betting offer is available to anyone, not just new customers.
Simply use code “BTCRIC” and you’ll be credited with the bonus once your transaction is complete.
Once the bonus is available, you’ll have 90 days to complete the 12x rollover requirement. Sports bets with odds of at least 1.60 (3/5) count towards this process. Terms and conditions apply.
Bonus Terms
Anyone who opens a new account and places their first bet through the Android app will receive a ₹1000 free bet the following day.
This first bet can be on any sport but must be at least ₹1000 to qualify. It has no rollover requirements. Check terms and conditions.
The best Bitcoin betting sites will also allow you to withdraw winnings in the cryptocurrency as well.
This is a big positive for those who have no reason to convert their Bitcoin and means they don’t have to be hit by any conversion fees.
Just head to the withdrawal section of your crypto betting site and follow the quick steps to move your Bitcoin cash back into your wallet.
Another advantage of betting in Bitcoin is that withdrawing winnings happens almost instantly.
There will only be a delay if it is for a much larger sum, which as to be processed manually by the site.
Bitcoin can help you choose a wallet that suits your needs on its website. Answer a few questions to get a suggested wallet that is geared up for what you want.
You can then use this wallet to deposit and withdraw funds into your betting account.
You can buy Bitcoin the same way you would with any other currency.
You may be able to buy Bitcoin cash through your chosen wallet. However, you may also prefer to handle the transaction yourself.
If so, using one of a number of cryptocurrency exchanges is an option. Popular choices in India include:
As ever, be sure to research the exchange that offers the best value and appeals to you.
Digital currencies such as Bitcoin are designed to be decentralised, meaning they work on a peer-to-peer basis. They are software that doesn’t belong to any particular bank or financial institution.
This means they can be spent around the world safely and securely. There is no need to give your financial details to the other party involved.
The value of cryptocurrencies such as Bitcoin can move up and down, depending on the supply and demand at any particular point in time. It’s important to keep this in mind when using it for crypto betting or any other purpose.
Bitcoin can also be broken down into smaller amounts, such as Milibet (mBTC), which are a fraction of an entire Bitcoin.
This makes it an accessible option, even for those with smaller betting bankrolls.
| Denomination | Abbreviation | BCT Value |
|---|---|---|
| Satoshi | SAT | 0.00000001 BTC |
| Microbit | uBTC | 0.000001 BTC |
| Millibit | mBTC | 0.001 BTC |
| Centibit | cBTC | 0.01 BTC |
| Decibit | dBTC | 0.1 BTC |
| Bitcoin | BTC | 1 BTC |
| DecaBit | daBTC | 10 BTC |
| Hectobit | hBTC | 100 BTC |
| Kilobit | kBTC | 1000 BTC |
| Megabit | MBTC | 1000000 BTC |
New Bitcoin cash is mined using computers. Miners use the processing power of their machines to solve complex mathematical functions, arriving at a unique 64-digit number.
These can then be bought, typically via a cryptocurrency exchange which allows the buyer to store this software or spend it via an online wallet.
Once someone has purchased Bitcoin, they can use it to buy goods or services.
Bitcoin owners who want to bet online can transfer to another wallet using an encrypted transaction to their bookie of choice. Once received, the betting site adds credit to the players’ account, as they would with the transfer of traditional currency through Skrill or Neteller and other banking methods.
Choosing to use Bitcoin as a way of funding your sports betting in India comes with some advantages.
As with every type of banking method, there are some disadvantages that should be considered before you commit to using Bitcoin for online cricket betting.
Bitcoin betting sites are growing all the time.
Some of the best bookies in India are now allowing players to enjoy cricket betting with Bitcoin.
The best even have specific Bitcoin betting bonuses just for those using the cryptocurrency.
A. The best Bitcoin betting sites accept the cryptocurrency to make deposits. This means you can enjoy cricket betting with Bitcoin as well.
A. Yes, Bitcoin is legal in India and is trusted and safe. It is a good option for betting online.
A. Yes, the best sites welcome cricket betting with Bitcoin. They have special Bitcoin bonuses and promotions.
A. You can fund your online betting account with Bitcoin like you would with any currency. It takes just a few simple steps.
A. It is a quick and simple process to withdraw Bitcoin from your betting account to your crypto wallet. The process is almost instant.
A. Yes, you can buy Bitcoin through a number of different exchanges. Once you have the crypto in your Bitcoin wallet you can then deposit it to your online bookie.
New title
BetIndi 
ShangriLa 
1xBet 
Parimatch 
TwiceDice 
Betmaster 
20Bet 
Fun88 
Megapari 
Sportsbet.io 
10CRIC 
22Bet 
Rabona 
ComeOn 