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As the world gradually accepts the use of cryptocurrencies for everyday transactions,betting websites have also started allowing users to wager with cryptocurrencies.
Currently, there are a number of cryptocurrencies that bettors can use for their wagers and the list of accepted crypto is growing every day.
But before getting the types of cryptocurrencies, it is necessary to know what a cryptocurrency is:
A cryptocurrency is a virtual, encrypted and decentralised form of currency, meaning there is no interference of a central authority like the Federal Reserve System in the USA, European Central Bank or the Reserve Bank of India (RBI).
Business in cryptocurrencies is usually done through tokens or coins. Although some cryptocurrencies have entered the physical world with credit cards, the majority of them remain entirely intangible.
The major cryptocurrencies accepted by crypto gambling sites are as follows:
Making deposits and withdrawals using cryptocurrency on a betting site is as easy as ordering a pizza online. Here's how you can start using crypto for your bets.
Buy some cryptocurrency
You need to own the accepted cryptocurrency before you can start betting. If you don't possess the authorised cryptocurrency, it's possible to buy it from any online crypto trading platform with conventional fiat currency like INR and USD. You can also buy from e-wallets like Moonpay and UTORG.
Deposit cryptocurrency on a betting site
Once you have your cryptocurrency, all you have to do is find a betting website that accepts deposits in crypto and register on it.
Certain websites will allow you to link your account to your crypto wallet while a few websites will provide an option where you can buy crypto directly.
For depositing through your crypto wallet, select the deposit option and choose the cryptocurrency you wish to deposit. A QR code or a deposit address, generally made of random numbers and alphabets, will appear. Scan the code or paste the link in your crypto wallet to deposit cryptocurrency to your betting account.
Some websites also let you convert fiat currencies like INR, USD, and EUR into cryptocurrencies but they are quite rare.
Since crypto is fairly new to the betting industry, many websites offer bonuses on deposits.
Start betting with cryptocurrency
After creating an account and adding your cryptocurrency to your betting account, you can use it to bet on any sport or game of your choice. You can choose from sports like cricket, horse racing, football, to casino games like blackjack, roulette, slots, teen-patti, etc using cryptocurrency.
Withdraw your winnings
You can withdraw your winnings the same way you deposited your funds. Most betting sites that accept cryptocurrencies share the same payment gateway or portal for both deposits and withdrawals. Hence, if you win a bet, all your winnings will be added to your betting account. From where you can transfer your winnings to your bank or crypto wallet using the portal. A couple of examples of these gateways are Moonpay and UTORG.
As cryptocurrencies are becoming more mainstream, many people have started to buy various types of crypto. Seeing the opportunity, many betting sites have begun to accept cryptocurrencies as a payment option, but you'll find only a few where you'll find flexible payment options.
Here are a few payment options for cryptocurrencies:
Similarly, you can withdraw your winnings by the options offered by a certain bookmaker.
The minimum limit for deposits and withdrawals varies for each bookmaker. For example, the minimum deposit for Ethereum can be 0.01 ETH and the maximum limit for withdrawal can be 1 or 2 ETH.
This entirely depends on your region. While Bitcoin is legal in many countries and jurisdictions like the UK, USA, it is also restricted in a few countries like Nepal, China, Bolivia, and a few others. Hence, if you want to buy or bet with bitcoin, make sure you're in a region where it's legal.
Cryptocurrencies are just as vulnerable to a changing market, however, there are currencies like Bitcoin and Etherium which are convenient and stable. When you use crypto to bet it allows you to play anonymously and as many bookmakers offer crypto-betting, the safety in placing bets is assured.
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Vast crypto variety with more than 130 cryptocurrencies accepted
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Owned by Medium Rare N.V. and established in 2017, stake.com is one of the most popular crypto sportsbooks in India and across the globe.
A one-of-a-kind Sportsbook, Stake allows you to place various bets on multiple sports like eSports, Virtual Sports, Slots, Live Casino and is considered a leader in the world of sports betting.
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Most popular crypto-focused sports betting platform
Sportsbet.io has a wide range of sports and sports betting markets
It offers exceptional odds, especially for sports such as cricket
Regular promotions for sports betting and online casino games, including an unique loyalty programme that rewards every activity on the platform
Casino section boasts a vast collection of games, ranging from classic table games to an extensive selection of slots. The online betting platform also has several popular games in India, including various versions of Andar Bahar and Teen Patti
Fast deposit and withdrawals with direct conversion of crypto
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Sportsbet.io has an impressive and intuitive user interface for sports betting and casino section
Has a mobile application that allows users to bet on the go
Has no welcome bonus for new players
Lacks betting options for India-based competitions
Indian Rupees is not accepted anymore
Sportsbet.io is a leading crypto-oriented online sports betting and casino sportsbook available to users in India. It is available in many languages like Chinese (Mandarin), English, German, Japanese, Portuguese, Russian, Turkish, Thai, Spanish and Vietnamese.
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Versatile sports betting markets - BC.Game’s large variety of sports to choose from to bet on and betting options is a big plus. You can opt for simple bets on any sport or even go for more detailed live bets, making it a platform for all types of betting fans.
Various promotional offers - Newcomers can get welcome bonuses while regulars have the option to use cashback deals, reload bonuses, and more.
Withdrawals via crypto only - BC.Game provides users top crypto options like Ethereum, Bitcoin, and Litecoin to choose from, making it perfect for crypto enthusiasts to use.
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Limited traditional payment methods with only crypto options - While this site is a dream for crypto lovers, it might not be the same for others who prefer regular cash. Hence if digital cash isn’t to your liking, it’s worth noting that withdrawals or deposits aren’t possible with regular money.
No live streaming - While some websites allow you to live stream the sport you are betting on, BC.Game doesn’t have this option yet. That said, news and live stats on the game you are watching are up to date to keep you abreast with the action.
High wagering requirements - Even though you get exciting bonuses, BC.Game’s high wagering needs may not be for everyone. The site could at times ask you to place high bets before you get the opportunity to win big and take home winnings you get with bonus money.
One of the most prominent and well-known crypto casinos and sportsbooks today, BC.Game was founded in 2017 and got its Curacao Interactive License in 2021.
Among the more popular and favourite sportsbooks for the Indian audience, it offers users several great bonuses while coming with unique features as well as an easy to navigate interface.
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Enjoy live betting options enhanced with real-time match tracking on a virtual field that gives you an immersive betting experience.
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Seamlessly make payments and place bets in Indian rupees, offering a convenient and localised experience for Indian users.
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Benefit from advanced firewall protection, comprehensive client identity security and rigorous verification protocols to ensure your account's safety.
The platform enforces a rigorous and stringent KYC policy that demands extensive personal information from users.
When addressing issues with customer support, the complaints process must adhere to a specifically structured format, which can be restrictive for some users.
10CRIC was established in 2012 following the acquisition of its Curacao e-Gaming licence, marking the start of its expansion in the Indian sports betting market. Since then, 10CRIC has continuously introduced innovative features to offer customers a diverse array of tools for betting on events like the Indian T20 League, UEFA competitions in football, WTA for tennis and other major leagues across sports.
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A relatively new bookmaker, Megapari was established in 2019 and it comes with a Eastern European background and a Curacao license. The players can register easily via email, phone verification or social media. Megapari is known to provide competitive odds alongwith 300+ extra bets on top events, live streaming and near-instant withdrawals. Megapari has a mobile app for Android and iOS.
The site offers bets on cricket, football, ice hockey, biathlon, baseball, boxing, table tennis, snooker, cycling, water polo and many other sports encompassing all major events.
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Language customization makes it easy to switch the platform's language to Hindi or any other language you prefer, thereby making it more convenient and accessible for users who are more comfortable betting in their mother tongue.
Parimatch not only accepts traditional payment methods but also supports cryptocurrency transactions, offering a modern and secure way to manage your funds.
It provides a wide range of betting choices specifically for the Indian T20 League and other high profile cricket tournaments to ensure that cricket enthusiasts have plenty of options to engage with their favourite sport.
Generous welcome bonuses mean new users are greeted with a substantial welcome bonus that gives a significant boost to start their betting experience.
Round-the-Clock customer support that offers 24/7 availability, ensuring that help is always there whenever you need assistance, regardless of the time.
Trustworthy and reliable platform having built a strong reputation as a highly secure and dependable betting platform that gives users peace of mind while they enjoy their betting experience.
No statistics for past events are available, meaning that bettors need to do their own research elsewhere before punting on Parimatch.
Parimatch is a leading global platform for sports betting and online gambling, including in India. It offers numerous advantages like a wide range of payment methods popular in India, a low minimum deposit of 200 INR and extensive live betting options on sports like cricket, football and more.
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4Rabet has a wide range of odds in the sportsbook for betting enthusiasts to scrutinize before betting
It is great for live betting options thanks to the large variety it has on display
It is one of the best sports bonuses in India and has a minimum deposit of INR 350
Available in numerous Indian languages, including Hindi, Bengali, Telugu, Tamil, Marathi, Kanada, Urdu
The live chat support is not the best and can be improved for better customer satisfaction
The wagering requirements are a little strict and needed to be adhered too
Comfortably one of the most famous and well optimized betting sites for Indian users, 4Rabet is a top quality sportsbook that comes with a wide array of online casino games. The 4Rabet app features a full section completely dedicated to its superior live betting options, ranging from cashouts to live stats and live streaming, more.
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1win offers customers not only betting on cricket and dozens of other sports, but also playing slots, table games and other popular entertainment in the online casino section.
While making the first deposit, 1win offers one of the biggest bonuses in the industry
1win has an impressive sportsbook layout, including different versions for mobile and desktop site
It has a low minimum deposit amount of INR 300
The 1win mobile app is available on both Android and iOS devices
1win has a Curacao licence, which means it is a safe and trustworthy betting platform for the Indian players
The site can be viewed in more than 15 languages
1win offers Indian-friendly payment methods including UPI, IMPS, PaytM, Google Pay
It also accepts cryptocurrency
The website is very user-friendly and customer support is also very helpful
Sports like kabaddi and horse racing events are not listed
Withdrawals can take up to 12 hours
1win is one of India’s most reputable bookmakers for sports betting and online casino games.
Founded in 2016, 1win was launched under the name, FirstBet, but was later restructured and rebranded to the current name in 2018.
The relatively young betting platform has gained huge popularity and good reputation in a very short period of time.
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The line represents the main sports
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Bets on Esports events are accepted
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Prompt technical support: online chat, hotline, email
Mobile applications for iOS and Android
Delays in transferring funds
A small selection of online broadcasts are Live
Lack of sports statistics
Established in 2009 with its headquarters in Cyprus, Mostbet is a highly reputed betting company that allows you to make all kinds of bets in various different types of sports, including esports.
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Vave is an emerging cryptocurrency-based sports betting and casino website. Despite it being a new platform, the bookmaker offers a seamless experience to the modern bettor.
Vave offers a comprehensive sportsbook, a substantial selection of slots and live dealer games, and exclusive casino titles.
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