Did you know that using Bitcoin is one of the easiest and safest ways to complete transactions on sports betting sites.? Yes, there are other methods of transacting currency such as bank transfers, UPI, and card payments, to name a few, but you will notice that the ease that comes with bitcoin cricket betting is unparalleled.
The most popular cryptocurrency in the world, bitcoin, is accepted by most reputable bookmakers in India. You can also get attractive bonuses and promotions by using this medium of transferring currency. Bitcoin’s enhanced privacy is one of its most appealing features, meaning you will not be required to provide personal information and other such sensitive identifications.
As a bettor, you can carry out betting with international brands, too, since some of them have limitations on certain currencies. Rest assured that once you opt for Bitcoin transactions for betting on games, there will be no going backward.
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Best Bitcoin Betting Sites
Being new to Bitcoin transactions may mean that you need to learn about the betting sites that deal in this cryptocurrency.
By using a trustworthy source, you will not only get the best security on your bitcoin cricket betting, but the stress-free experience will make you come back for more. Below, you can read through the offerings from the top bitcoin betting sites in the industry that will give you exceptional value for your money and time.
When it comes to gambling with cryptocurrency, Stake is a worldwide leader, as they offer you some of the best sports betting and casino games available in the industry. Available globally in 15 languages, the site has become a trusted platform. Along with betting on sports such as Tennis, UFC and Volleyball, you can also participate in bitcoin cricket betting.
As far as sports betting go, Stake boasts of an impressive 5.9% of all bitcoin transactions around the world. Stake is also known for being one of the first bitcoin casinos, and has grown to add 18 more cryptocurrency options for gamers. You are sure to find this sportsbook as one of the most convenient and rewarding sources for your bitcoin betting needs.
Since coming into existence in 2017, BC.Game has become one of the go-to sources for many gamblers and gaming enthusiasts. Not only will you find good promotional bonuses and lucrative offers, but also convenient transaction options, including bitcoin.
As a bitcoin casino, the site appears highly impressive, thanks to its appealing graphics. You can carry out transactions using this digital currency and be certain of receiving an impressive deposit bonus for using their services. With lightning fast transactions, you can get back to gaming ass quickly and get the most out of your time spent with them.
Dafabet is one of the world’s leading betting sites and high-quality casino games, offering you a wide range of options to choose from. With Dafabet, you get the choice of transacting using Bitcoin. Regardless of whether you are a new member or an existing one, you need to create an account exclusively for Bitcoin. During your registration process, select mBTC as your currency choice and make a deposit.
The site offers two payment methods for Bitcoin – OpenNode and Coinify. As for the transaction duration, with OpenNode it is instant, whereas, for standard transactions, it can take up to 3 minutes depending on your chosen Bitcoin wallet.
Dafabet offers you a variety of options to bet on including sports such as Cricket, Tennis, Kabaddi, Table Tennis, etc. Alternatively, you can play live casino games, jackpots, table games, and slots using Bitcoin.
What are the Benefits of Betting with Bitcoin?
The inception of cryptocurrency and its inclusion in sports betting is considered revolutionary not just by companies, but bettors alike. By opting for this cryptocurrency, you can expect excellent benefits as compared to other transaction methods.
For one, you get complete anonymity. Bitcoin transactions cannot be traced, which facilitates convenient bitcoin cricket betting as well as betting on your other favourite games while maintaining your secrecy.
Only in the instance that you choose to purchase Bitcoin using a credit card is when you are required to share details, and even then, the betting site operator does not share your details with external sources. Furthermore, almost all Bitcoin transactions go through instantaneously, preventing any waiting time at your end.
Also, you can take advantage of the numerous offers and bonuses that comprise hefty amounts for Bitcoin users and fund your gaming campaign to the fullest. One of the great aspects of bitcoins is that they have a decentralised system, meaning they are not regulated by any central authority. As a result, you get complete control of your financial assets.
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For me, the main advantage of betting with Bitcoin is that it is extremely fast and that the value may fluctuate. Because of the price changes on the market, the bitcoin you have on your account could suddenly increase in value. If you make use of this cleverly, it can give you a nice extra sum to place bets on cricket.
How to Get Started with Bitcoin?
Despite being in existence for a while now, bitcoin is not considered as a legal mode of tender in many countries, including India. However, through membership on gambling sites overseas, bitcoin cricket betting is possible, as you can use the digital currency as a medium of transaction.
Arguably, the best way to purchase bitcoins is through online bitcoin exchanges, as many websites operate legally offering assistance to anyone who seeks to invest in the currency.
In order to invest in bitcoins, you will need to complete KYC formalities, for which you must provide your PAN or Aadhaar Card, documents that carry your photograph and current address. Once the formalities are complete, you can purchase bitcoins. You can even invest a minimum amount of Rs 100 and get started.
Here are the steps to buy Bitcoin –
- Choose a bitcoin exchange: You can find a number of cryptocurrency exchange sources online such as ZebPay, WazirX, Unocoin, and CoinDCX, to name a few. Each platform has its own step-by-step guideline to purchase Bitcoin, so, make sure to follow them
- Choose a payment option: You have different options available when it comes to selecting a payment option. You can fund the purchase of bitcoins through UPI, net banking, card payments, bank transfers, cryptocurrency wallet, etc.
- Place the order for bitcoin purchase: You can place your order using one of the two methods – by tapping a button on the website or entering the bitcoin ticker symbol – depending on their availability. Once you complete the transaction, you become the owner of a portion of the bitcoin
- Selecting a storage option: Most Bitcoin exchange platforms have an integrated wallet or an affiliate partner to help members secure their bitcoins. Due to online hacking threats, some exchange platforms even make available something called ‘cold storage’, which is an offline storage platform. If you are not happy to store your bitcoins online, selecting an offline platform for the payment of a small withdrawal fee may be the ideal option
In 2020, the apex court allowed crypto exchanges to be carried out in Indian markets, but in spite of them being legal, they do not have many patrons.
Nevertheless, it does feature on the list of transactions on online gambling sites and bitcoin cricket betting, and comes with numerous benefits as compared to other methods like card payments and UPI.
What is Bitcoin?
Bitcoin, or BTC, is a digital currency that was launched in the year 2008 by a group that called itself Satoshi Nakamoto.
The transactions carried out using the currency are verified by online nodes and they are recorded in the blockchain as well. It does not, however, have a physical form. You, as an owner, have complete control over Bitcoin transactions.
When it comes to fees charged for bitcoins, the numbers tend to vary between the service provider you choose. For instance, CoinDCX does not charge you a fee for transactions through bank transfer or UPI, however, it charges you 0.5% net banking and 1% above Rs 2,000 if you use MobiKwik wallet. WazirX charges 23.6% for the use of net banking.
Is Bitcoin a Secure Method of Transaction?
In several countries, bitcoin is an active and legal method of transaction. It is censorship-resistant and gives you, its owner, complete control of the exchange. Overall, bitcoin can be considered reliable, but it comes with its own challenges in the form of volatility in its value.
Cryptocurrencies such as Bitcoin are assigned to wallet addresses. A wallet address is used to send and receive crypto and is similar to a bank account number. You can share the wallet address with people you wish to transact with using the currency. The wallet also comes with a private key or a password to authorize transactions. It is a string of alphanumeric characters. You need to ensure that the private key is secure at all times because if someone else has possession of it, you risk losing your funds.
Yes. You can use Bitcoin as a transaction medium in India. Betting platforms such as 22Bet, Parimatch, BC.Game, and Stake accept Bitcoin as a currency to obtain their services
The best way to get bitcoins for betting is to sign up with a crypto exchange website and learn about their offerings. Do note that there may be fees charged for the same, and it varies from source to source
Yes, you can, and it can be done either by exchange or with the help of a broker. They operate in the same way as currency exchange systems you find at airports. The broker may charge a fee, which can vary from broker to broker. The entire process may take up to six days.