Crypto betting sites have become increasingly popular as they offer you the ability to place bets using cryptocurrencies like Bitcoin or Ethereum.
These online bookmakers have gained traction due to their advantages, such as faster transactions, enhanced privacy, and lower fees compared to traditional betting sites.
The growing adoption of cryptocurrencies and the rising interest in online gambling have further fueled the popularity of crypto betting sites among bettors like you.
What are the best crypto betting sites in India?
In India, crypto sports betting has gained traction. These platforms offer a unique way to engage in betting activities by allowing you to wager using cryptocurrencies like Bitcoin or Ethereum.
With the advantages of fast transactions, enhanced privacy, and potential cost savings, these sites have become increasingly popular in India.
Stake is a fantastic crypto betting site that offers a range of advantages over other platforms. One of the main reasons it stands out is the wide selection of betting options including crypto sports betting available to you. Although Boomaker doesn't accept UPI as of now it's just a matter of time.
When it comes to cryptocurrencies, Stake accepts multiple options, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and more. This allows you to make transactions using your preferred digital currency, giving you flexibility and convenience.
The betting site also allows you to buy cryptocurrencies through the Moonpay exchange. If you're new to cryptocurrencies, Stake provides a guide to help beginners understand how crypto works.
BC.Game is an exceptional crypto-betting site that offers unique features and advantages. One of the reasons why it stands out from the rest is its innovative gameplay and the wide range of betting options available to you.
When it comes to cryptocurrencies, BC.Game accepts various options, including popular ones like Bitcoin (BTC), Ethereum (ETH), and more. You should note that the bookmaker doesn't accept payment through UPI as of now.
If you're new to crypto, you'll find valuable information and step-by-step instructions to make your journey into the world of crypto sports betting smoother.
Although no information is available on the official site about whether you can buy Crypto from their platform, you can always get in touch with customer care regarding this.
Parimatch is a renowned online betting site that offers a comprehensive platform for sports betting and casino games. And in a very short time, this betting site has made it very big in India.
With its integration of cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), Parimatch provides you with the opportunity to place bets using digital currencies.
This feature will surely appeal to you if you are crypto enthusiasts who prefer the advantages of fast transactions, enhanced privacy, and lower fees. You will also be delighted to know that Parimatch accepts flat currencies as well such as UPI, Phone Pe, etc.
How to bet with crypto?
Betting with cryptocurrency involves using digital currencies like Bitcoin or Ethereum to place wagers on various sports or games. To start, you need to acquire the desired cryptocurrency from exchanges.
Next, choose a reputable crypto-betting platform that supports your preferred type of betting and create an account. Deposit your chosen cryptocurrency into your account and familiarize yourself. Place your bets by selecting the bet type and confirming the amount.
If you win, your winnings will be credited to your account, and you can choose to withdraw them to your cryptocurrency wallet. Remember to gamble responsibly and use secure platforms.
Otto Nino Gamez
Football betting expert
Buying cryptocurrency may look like a challenge if you do not know anything about it, but there is no need to worry. The first time I bought any crypto currency was through BC Game, the whole process was very simple and the steps perfectly guide you. I would recommend signing up on BC Game if you are new to crypto and want to start betting with this digital currency.
Buy crypto on the exchange
When you decide to buy crypto on an exchange, the process is relatively straightforward. Firstly, you will need to create an account on a reputable cryptocurrency exchange platform.
Once your account is set up, you'll need to complete the necessary verification process, which may involve providing identification documents. Once verified, you can deposit funds into your exchange account using traditional payment methods like bank transfers or credit/debit cards.
After depositing funds, you can navigate to the trading section of the exchange platform and select the cryptocurrency you wish to purchase. You can specify the desired amount of crypto or the equivalent amount in your local currency.
The exchange will display the current market price. It's important to note that some betting sites, such as Stake, also offer the option to buy crypto directly through their platforms, making the process even more convenient.
Deposit crypto into your betting site account
Here are general steps you can follow:
- Before you can deposit any cryptocurrency, you will need to create an account on the betting website.
- Once your account is set up, navigate to the deposit or payments section of the website. There should be an option to deposit cryptocurrency. Choose the type of cryptocurrency you wish to deposit. The website will then provide you with a unique wallet address. This wallet address is important as it serves as your destination for the transaction. Be sure to copy this address accurately, any error in copying the address may result in loss of your cryptocurrency.
- After that, go to your cryptocurrency wallet where you have the coins you want to deposit. Choose the option to ‘send' or ‘transfer' cryptocurrency. Then paste the wallet address you copied from the betting site into the ‘recipient' or ‘destination' field in your wallet.
Before you confirm the transaction, double-check that the wallet address is correct. Remember, transactions on the blockchain cannot be reversed. If you send it to the wrong address, your cryptocurrency will be lost.
After you confirm the transaction in your wallet, it will be processed on the blockchain. This can take anywhere from a few minutes to an hour, depending on the type of cryptocurrency and network speed. Once the transaction is confirmed, the cryptocurrency will be deposited into your betting account.
What are the benefits of crypto betting?
Crypto betting offers several benefits that have contributed to its growing popularity. In this section, we will explain each of the benefits that come up with crypto while betting with it.
Crypto betting offers a certain level of anonymity due to the decentralized nature of cryptocurrencies. When using cryptocurrencies for betting, you can maintain a higher degree of privacy as you are not required to disclose personal information such as your name or address.
Transactions made with cryptocurrencies are typically recorded on a public ledger, known as the blockchain, but the identities of the parties involved are not directly linked to the transactions. However, with various benefits, there comes up a drawback as well.
While using cryptocurrencies for betting you won't be eligible to avail welcome bonuses and promotional offers.
One of the key benefits of crypto betting is the potential for fast transactions. When you initiate a transaction with cryptocurrencies, it is typically processed and reflected in your account balance almost instantly.
This means that you can quickly deposit funds to your betting account or withdraw your winnings without having to wait for extended periods.
One interesting aspect of crypto betting is the potential for price fluctuations in cryptocurrencies themselves. When you hold cryptocurrencies in your betting account, their value can increase or decrease over time.
This means that even without placing bets, your bankroll can grow or shrink based on the market performance of the cryptocurrencies you hold.\
What are the most popular currencies for betting?
When it comes to crypto betting, several cryptocurrencies have gained popularity among users. Bitcoin (BTC) is undoubtedly the most widely accepted.
Additionally, Ethereum (ETH) has also emerged as a popular currency for betting. Other cryptocurrencies such as Litecoin (LTC), and Ripple (XRP) also have a presence in the crypto betting space.
As the pioneer of cryptocurrencies, Bitcoin is widely accepted and recognized in the betting industry. Its popularity starts from being the first decentralized digital currency, offering secure and transparent transactions. Bitcoin's high market value, liquidity, and widespread adoption make it a preferred choice for betting enthusiasts like you.
Ethereum is more than just a cryptocurrency. Its popularity in the betting space is driven by its advanced functionalities, including programmable transactions and the ability to create unique tokens. The Ethereum network is appealing when using it in betting.
Often referred to as the “silver to Bitcoin's gold,” Litecoin is a peer-to-peer cryptocurrency. It gained popularity due to its faster block generation time and lower transaction fees compared to Bitcoin. These features make it a practical choice if you are looking for quick and cost-effective transactions.
Ripple stands out for its focus on enabling fast, low-cost international money transfers. While not as widely accepted as Bitcoin or Ethereum in the betting industry, Ripple is still available with lots of betting sites.