Cryptocurrency Deposits – Online Bitcoin Casinos in India
Blogs Advertising Disclaimer
Sponsored Advertising Content:

Advertorial or Sponsorship User published Content does not represent the views of the Company or any individual associated with the Company, and we do not control this Content. In no event shall you represent or suggest, directly or indirectly, the Company's endorsement of user published Content.

The company does not vouch for the accuracy or credibility of any user published Content on our Website and does not take any responsibility or assume any liability for any actions you may take as a result of reading user published Content on our Website.

Through your use of the Website and Services, you may be exposed to Content that you may find offensive, objectionable, harmful, inaccurate, or deceptive.

By using our Website, you assume all associated risks.This Website contains hyperlinks to other websites controlled by third parties. These links are provided solely as a convenience to you and do not imply endorsement by the Company of, or any affiliation with, or endorsement by, the owner of the linked website.

Company is not responsible for the contents or use of any linked website, or any consequence of making the link.

Cryptocurrency deposits – the rise of cryptocurrency in India

/ 10:47 AM February 17, 2022

Reputable online casinos and online sportsbooks usually offer a host of different payment methods for their players to choose from to fund betting account balances at their sites. Recently, the use of cryptocurrencies is becoming more popular, and there is a good reason why online players are turning to these payment options when playing casino games online.

This article will explain why these bitcoin deposits are becoming the preferred method of making online transactions and how you can find the best Bitcoin betting sites for you.

The Popularity of Online Betting in India

The Popularity of Online Betting in India

It’s a well-known fact that online betting is hugely popular in India and this source of entertainment only seems to be growing bigger and bigger as the years pass, even though the laws surrounding it are very vague. In fact, India has one of the highest numbers of internet users, so it’s no surprise that so many people turn to online platforms when placing their bets with bookmakers.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

The estimated value of the Indian gambling market is currently at $930 million, and it is only expected to rise exponentially in the coming years, with some predicting that it will grow to $3.9 billion in 2025!

What do Indian Players Bet On the Most?

One of the sports that Indians especially love is cricket, with players like Virat Kohli and Rohit Sharma being some of the most well-known stars in Indian culture. Cricket is a sport that brings many fans together and it’s become directly connected with cricket betting over the years.

Cricket bets with bookmakers consist of wagering on the outcome of a particular match, which one can do by simply placing a bet on the outcome that he/she thinks will happen. There are many cricket tournaments that Indians bet on, the most popular ones being the Indian Premier League tournament and the T20 World Cup. The IPL betting market alone is estimated to be worth well over $60 billion!

As previously mentioned, India has one of the highest rates of internet users in the population. In 2020, it was estimated that there were 749 million internet users in India, and the majority of these were connected to the internet through smartphones. The reason that so many Indians access the web using smartphones rather than their laptops is partly due to the fact that they allow players to access betting sites wherever they are.

Indian Gambling Laws – Is Cricket Betting Legal in India?

Betting in India, according to the Public Gaming Act of 1867, is illegal. However, Indian gambling laws make a distinction between games of skill and games of chance, with only games of skill being permitted. A game of skill is a game where the outcome depends on mental or physical skill, while the outcome of a game of chance is completely random.

Despite this seemingly clear distinction, cricket does not form part of the games of skill category, so it’s illegal to go to a physical sportsbook or even bet online with an online casino that’s registered in India, although there are a few exceptions in a few states.


On the other hand, online betting is considered legal as long as the casino is registered outside of the country’s borders, as there is nothing mentioned about it in the Public Gambling Act of 1867. So, although it’s illegal for Indians to go to a physical betting agent to make bets, it is completely legal for them to make bets online from the comfort of their own homes, and there are many foreign online sites tailored for the Indian market alone.

Why are Cryptocurrency Deposits the Safest Way to Play Online?

Due to the murky nature of Indian gambling laws, when playing or betting online, players often have their transactions rejected especially when using popular banking methods such as Visa and Mastercard. This is where the rise of cryptocurrency deposits come in. Different cryptocurrencies, such as Bitcoin, are based on blockchain. A blockchain does not belong to a particular country, making it decentralised.

This also means that it cannot be liable for taxes, which solves the issue of having your transactions rejected. Other than that, when using cryptocurrency, you are anonymous to the betting site, which means you don’t need to share your personal information like you would need to with most banking options. Other than that, one of the greatest things about bitcoin deposits is that you can say goodbye to long withdrawal waiting times, as they process your winnings instantly.

How to Get Started with Cryptocurrency Deposits

There are several Indian crypto betting sites that offer a safe way to deposit money into your account using bitcoin or any other cryptocurrency. If you’re not sure where to get started, take a look at the top five crypto online casinos listed below.

  1. 22Bet
  2. 10Cric
  3. Peri Match
  4. Casumo
  5. Pure Casino

The first thing you would need to do to start depositing with cryptocurrencies is to create a Bitcoin wallet. Some of the most popular bitcoin wallets include, Trezor Model T, Mycelium, and Opolo. Although cryptocurrency and casinos are becoming more popular in India, there are still many casinos that don’t offer these options, so make sure to check out if your casino of choice has these options available before you sign up or make a transaction.

Don't miss out on the latest news and information.
TAGS: Bitcoin, crypto, gp, sponsored
For feedback, complaints, or inquiries, contact us.
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.