The realms of Bitcoin gambling have been slowly expanding, and it’s already in India. Online sportsbooks are giving options to play with Bitcoin, Etherum, among other cryptocurrencies, for an even better gambling experience. The betting sites that accept Bitcoin are fond of giving out bonuses and promotions for BTC users to bring in more players. But how popular is it in India? Can you actually win real money while placing a bet with a cryptocurrency like Bitcoin? Read on to find out the perks and drawbacks of bitcoin gambling.
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What Is Bitcoin Gambling?
Bitcoin gambling or BTC gambling is one of the most exciting and innovative options for gamblers in India. Bitcoin is a form of currency owned by its users and not the people who invented it. Indian players can choose to pay with Bitcoin, depending on the sportsbook site they choose. While there are exclusive sportsbooks that only transact with Bitcoin, most Bitcoin betting sites in India use Bitcoin as an addition to existing payment methods. Luckily gamblers in India do not need any special software to gamble using Bitcoin.
Bitcoin Gambling Benefits
There are noticeable advantages to using Bitcoin for gambling in India. These advantages may deal with the transactions or the additional edge it brings to sportsbooks. Consequently, the overall advantages are what creates a positive gambling experience for players in India.
Since no government or bank owns Bitcoin, it is entirely safe from misuse. The value is dependent on market volatility, and all transactions are contained in a blockchain.
There’s not a lot of traffic in BTC transactions, which translates to fast and easy deposit/withdrawals. Transactions are processed in real-time as miners work to verify transaction information.
Low Transaction Costs
Since Bitcoin is not part of any financial institution, its transactions are entirely free. No facilitation fees or charges are required. And bettors don’t need to work around extra costs while playing.
Find a Suitable Bitcoin Sportsbook
Bitcoin is a relatively new form of financial currency, and it is essential to stay on the safe side at all times. First, not all sportsbooks will have a Bitcoin option in India. For example, some will offer it exclusively but others as an added payment method. It is up to you to determine which ones come at a better bargain. For instance, Bitcoin gambling sites need to be secure enough to protect your money and keep it safe. A legitimate crypto bookie will share all its company information, including gambling licenses and jurisdictions.
Bitcoin Bonuses & Promotions
Bitcoin users can take advantage of using bonuses and promotions that come with their transactions. Most bonuses come as the usual match bonus or when the cryptocurrency gambling site gives you a certain percentage of your deposit back to a certain threshold. Bitcoin bonuses are available in several Indian crypto gambling sites, and the winnings can be used to gamble or withdraw. Just keep in mind to read all the terms and conditions that come along with your Bitcoin bonus. Watch out for minimum deposits, odds requirements, and rollover requirements as well.
Best Bitcoin Sportsbooks
India has garnered a decent number of Bitcoin gambling sites. Most will come as fully crypto, which means that they accept other forms of cryptocurrency (Ethereum, Ripple, Litecoin). It can be tricky to choose Bitcoin operators, and sometimes you need to look a little bit closer. Luckily we have compiled a list of the best Bitcoin gambling sites in India.
22 Bet is one of the top Bitcoin sportsbooks that not only accept international currencies like the dollar but also works with Bitcoin. Their generous welcome bonus will help you taste the waters before you bet cryptocurrency. Plus, transactions and payouts are faster on the operator site than most Indian Bitcoin gaming bookies.
Cloudbet has really invested in crypto, and they have a wide range of cryptocurrencies, including Bitcoin. The 100% welcome bonus is available in all currencies, and you can use BTC to bet on tons of sports. Cloudbet is easy to use and has 60+ markets in eSports available in web and mobile Bitcoin app.
10Cric is also another Bitcoin-friendly site with offers on the use of the cryptocurrency. When you make a deposit using the promo code “100BTC” you can get a 100% welcome bonus f up to 30 mBTC, including a 5mBTC Free Bet. That’s a promotion every bettor should take advantage of!
₿ How can I buy Bitcoins?
First, you need to get a Bitcoin wallet and load it with the currency to buy BTC. With a Bitcoin wallet, you can buy from any Indian or international exchange.
🎰 Can I bet with Bitcoins in online sportsbooks?
Yes. Several Indian gambling sites allow Bitcoin as a form of currency. Common examples include 22Bet, 10Cric, and Cloudbet.
🤔 Is the balance in my account going to be in Bitcoin or in real money?
If you wish to gamble with Bitcoin, your winnings will also be in Bitcoins. However, to convert to real money, all you need to do is initiate a withdrawal.