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How to deposit with cryptocurrency in India

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 highly anonymous to use, it's safe and it's incredibly fast, which means that cryptocurrency is an ideal solution for depositing money on a betting site.

If you're slightly confused about the whole concept of cryptocurrency, how to buy it, how to use it and how it relates to making a deposit on a betting site, then this article is for you. We will aim to explain every detail about how you can use crypto to make a betting deposit. Below you will find a list of all the best betting sites in India that accept cryptocurrency. After that, you can read our extensive guide on how to deposit crypto on a betting site. We hope you learn something from this article!

Betting sites that accept cryptocurrency deposits

Rank Bonus Turnover Min odds 
1

200% Up To 9,750

Turnover: 5x bonus amount

Lowest odds: 1.40

ClaimGo to website
2

No Welcome Bonus At This Time

Turnover: No requirements

Lowest odds:

ClaimGo to website
3

100% Up To ₹10,000 + 20 Free Spins

Turnover: 12x bonus amount

Lowest odds: 1.60

ClaimGo to website
4

100% Up To ₹10,000 + 22 Bet Points

Turnover: 5x bonus amount

Lowest odds: 1.40

ClaimGo to website

FAQ About Cryptocurrency Deposits

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.

How to make betting deposits with 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.

Step 1: 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.

For the sake of this example, we will be showing you how to open a Coinbase account.

To open a Coinbase account, navigate to Coinbase.com and click the “Get Started” button. Now, you just need to type in a few personal details about yourself. This includes your name, last name, email address, and a password. Then Coinbase will send you an email that you need to confirm.

After verifying your email, you will be asked a few more questions such as your country of residence and your phone number. After typing in those details, Coinbase will send you an SMS confirmation code which you need to type in as well. This 2-factor confirmation helps to ensure that you are really who you claim to be. After completing this, your Coinbase account is open!

Step 2: 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.

Don't have a bank account? Buy Crypto from another person

If you’re one of the many million Indians who don’t have a bank account, do not despair. There are other ways for you to buy cryptocurrency. For example, you could meet up with another person who already owns Bitcoin or another cryptocurrency and pay them in cash.

To receive cryptocurrencies from other people, you just need to give them your specific crypto address, which can be found in your Coinbase account. Make sure you meet them in a safe place and make sure they transfer the cryptocurrency to you before your eyes. If you live in a major city such as Mumbai or Chennai, it should not be a problem to find someone who wants to sell crypto.

Step 3: Deposit your crypto on a betting site

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. As cryptocurrency is still a fairly new invention, it’s still only a relatively small number of betting sites that accept crypto.

One of the best betting sites that accept cryptocurrencies is Sportsbet.io. They have made it one of their unique marketing points that they accept different kinds of crypto. On Sportsbet.io, you can deposit in Bitcoin, Ethereum, Litecoin, and Tron. You can also deposit in Indian rupees, US Dollars, and other common currencies.

We believe that Sportsbet.io 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 Sportsbet.io, including a unique welcome bonus. This bonus will triple your first deposit on Sportsbet.io in the form of a free bet worth Rs. 3,000. Not bad, right?

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

Sport bonus:

No Welcome Bonus At This Time

Turnover: x bonus amount Lowest odds: Bonus code:

Betting Sites that accept Cryptocurrency Deposits

All betting sites listed below accept Bitcoin deposits, or deposits made by some other form of cryptocurrency.

  1. 200% Up To 9,750

  2. No Welcome Bonus At This Time

  3. 100% Up To ₹10,000 + 20 Free Spins

  4. 100% Up To ₹10,000 + 22 Bet Points