Deposit cryptocurrency

In this article we will show you how to deposit cryptocurrency on a betting site in India

Deposit crypto on a betting site

So you wanna learn how to deposit crypto on a betting site? Great! Then this article is for you.

You may think that buying crypto is difficult, expensive or perhaps even illegal. None of that is true. In fact, using cryptocurrency is both simple, cheap and perfectly legal. There are lots of for Indian players.

One of the advantages of depositing cryptocurrency is that it’s available to every Indian player. Literally anyone can buy cryptocurrency and deposit it on a betting site. There are no restrictions here, and we will show you exactly how it’s done.

In this article you will learn:

  • How to buy cryptocurrency
  • Which betting sites accept cryptocurrency
  • How to deposit cryptocurrency
  • How to get a welcome bonus with crypto
  • How to withdraw cryptocurrency
  • And much more

So let’s learn about how to deposit crypto on a betting site!

Betting sites that accept cryptocurrency

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1

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2

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FAQ About Cryptocurrency

❓ What is cryptocurrency?

Basically, cryptocurrency is a currency just like the Indian Rupee or any other currency. The biggest differences are that crypto only exists online, and it’s not distributed by a central authority like the Reserve Bank of India.

Cryptocurrency can be bought and sold like any other currency you know. You can buy it online or you can exchange it with someone who has crypto they want to sell.

Crypto can be used for a variety of different purposes.

You can use cryptocurrencies to pay for other goods and services as well. There are more and more online shops that accept cryptocurrency.

And of course, you can use crypto to deposit money on a betting site!

💸 How do I deposit crypto on a betting site?

Depositing crypto on a betting site is actually very simple.

First, you sign up on a betting site that accepts crypto (we have listed them all in this article for your convenience).

Then, go to the deposits page on the corresponding betting site and select the cryptocurrency deposit option.

Now you will receive a special link. Paste this link into your crypto wallet and specify the amount you wish to deposit.

The amount will then be deducted from your crypto wallet and will be instantly available in your betting account. Pretty simple, right?

💳 Where do I buy cryptocurrency?

Cryptocurrency is generally bought and sold on online platforms known as cryptocurrency exchanges. There are many different crypto exchanges available to Indian players, but we recommend the following 3:

  1. Bitbns.com
  2. Unocoin.com
  3. Mycelium.com

₹ Can I buy cryptocurrency with Indian Rupees?

Yes, you can buy cryptocurrency with Indian Rupees!

This can be done on cryptocurrency exchange platforms such a Bitbns.com.

You can also buy crypto by meeting a seller in real-life and paying him with physical cash.

💲 Is it expensive to buy crypto?

No, the cost of buying crypto is usually very low.

There are some transaction fees to cover, but these are usually around 1%.

The actual price of the cryptocurrency fluctuates, but you can buy as little or as much as you need.

⚖️ Is it legal to use cryptocurrency in India?

Yes, it's legal to buy cryptocurrency in India.

However, the regulatory environment is quite hostile towards cryptocurrency in India. There has even been discussions of a complete ban on private individuals using cryptocurrencies. But so far, cryptocurrency remains legal and possible to use.

💰 Can I get a welcome bonus when I deposit crypto?

Yes, you can get a welcome bonus when you deposit cryptocurrency on a betting site.

For example, a bookmaker like 1xBet will double your first deposit and give you some very favorable wagering requirements if you use our exclusive bonus code: MBVIP.

You can also get regular betting promotions on Sportsbet.io if you deposit cryptocurrency.

There's lots of promos and goodies waiting for all crypto bettors!

🏧 How do I withdraw my cryptocurrency again?

Withdrawing cryptocurrency is incredibly simple.

For example, on Sportsbet.io, you type in the amount of bitcoin you want to withdraw (the minimum is 2 mBTC).

Then you type in your Bitcoin address and voila, your Bitcoin is instantly transferred to your personal crypto wallet!

How to deposit cryptocurrency on a betting site

Before you can deposit crypto on a betting site, you first need to have some cryptocurrency. We will show you the best and easiest way to buy cryptocurrency for betting in India.

Depositing cryptocurrency on a betting site is easy – let us show you how!

Here’s what you have to do.

Step 1: Buy some cryptocurrency

If you already have some cryptocurrency, you can skip this step. However, if you don’t already own cryptocurrency, you’re gonna find this step very helpful.

Buying cryptocurrency can be done in 2 different ways.

The first way is via online platforms where people buy and sell cryptocurrency in exchange for traditional currencies like Indian Rupees and US dollars.

The second way is through a physical meetup with a person where you exchange cryptocurrency for real cash.

Both methods are great as long as they achieve the overall goal which is to buy cryptocurrency. We will now show you how to buy cryptocurrency both online and offline.

  • How to buy cryptocurrency online in India

To buy cryptocurrency online, you must create an account on a cryptocurrency exchange website. For Indians, we recommend the following crypto exchanges:

  1. Bitbns.com
  2. Unocoin.com
  3. Mycelium.com

    The signup and exchange procedures are pretty much identical on all sites. You create an account, choose which cryptocurrency you want to buy and then you pay for it with one of the available payment metohods such as online bank transfer, VISA card or MasterCard.

    When that is done, the cryptocurrency will be instantly available in your crypto wallet and can be deposited on a betting site!

    “But what if I don’t have a bank card”, you ask?

    Well, you’re in luck, because you can also buy cryptocurrency offline without needing a bank card or anything like that. All you need are some cold hard rupees. This will allow you to buy cryptocurrency offline.

    • How to buy cryptocurrency offline in India

    Buying cryptocurrency offline is pretty simple and straightforward. Anyone can do it, really.

    The first thing you need to do is set up a cryptocurrency wallet at one of the abovementioned crypto exchanges.

    Yes, you still need to complete this step, because you will need a wallet where you can deposit your cryptocurrency.

    After setting up your account, you find a guy who wants to sell cryptocurrency. You arrange the quantity and the price and then you meet each other.

    Quick tip: buy a common cryptocurrency

    There are literally thousands of different cryptocurrencies out there, but betting sites only accept a few of the most popular ones.

    Therefore, make sure that you only buy from the most common cryptocurrencies such as Bitcoin, Litecoin, Ripple, Ethereum, Tron and others.

    When you meet the seller, you will show him that you have the prearranged amount of money with you.

    Now, the seller will open his laptop and make the transfer to your crypto wallet. Once the transfer is confirmed, give him the cash.

    Congratulations - You now have your very own cryptocurrency. You’re ready to move to the next step: depositing the cryptocurrency on a betting site.

    Step 2: Deposit cryptocurrency on a betting site

    Now that you have your cryptocurrency, the time has come to deposit that crypto on a betting site.

    Depositing cryptocurrency on a bookmaker is actually really simple.

    The first and most important thing to do, is choose a betting site that accepts cryptocurrency. Although there is an increasing number of betting sites that accept crypto, it’s still a pretty rare thing to find.

    Here is a list of all the betting sites in India that accept cryptocurrency:

    Betting sites in India that accept cryptocurrency

    1. Get Boosted Odds Daily!

    2. 100% Up to ₹9,750
      Exclusive Bonus code: MBVIP

    3. 100% Up To ₹10,000 + 22 Bet Points

    4. 100% Up To ₹8,000

    5. 100% Up To ₹10,000

    Choose the betting site you want to join and click the green “Join” button. This will ensure that you receive the welcome bonus you are entitled to after making your first deposit.

    Now, set up an account on the betting site. When that is done, you will be ready to make a deposit.

    Head to the deposit menu, usually labelled “Deposits” or “Payments”. From here, you will select the specific cryptocurrency you have in your wallet and want to deposit, such as Bitcoin, Litecoin or another currency that is accepted by the bookmaker.

    The betting site will now give you a very specific link that usually looks something like this:

    How to deposit bitcoin

    This link contains all the necessary information about where to send the money.

    You will now copy that link and insert it into your crypto wallet, where you will also specify which amount you want to send to this crypto address.

    When that is done, confirm the transaction, and the money will be instantly available in your betting account. Hooray!

    Step 3: Start betting with cryptocurrency

    Now that you have a betting account and it is loaded with cryptocurrency, you’re ready to start betting.

    You can use your cryptocurrency to bet on any sport or game of your choice, exactly like any other currency.

    You can bet on cricket, horse racing, football, or even play casino games using cryptocurrency. The possibilities are endless.

    As you can see, there is an increasing number of betting sites that accept cryptocurrencies, but we believe the best crypto betting site is Sportsbet.io!

    Sportsbet.io: Best cryptocurrency bookmaker

    Sportsbet.io makes it easy for Indian players to deposit cryptocurrency!

    Sportsbet.io is a new and modern betting site with a goal of bringing the most innovative features to their players. As such, they were among the first betting sites in the world to accept cryptocurrency, and they are still the best at it.

    Aside from all the commom cryptocurrencies, you can also deposit Indian Rupees on Sportsbet.io!

    They provide an awesome sports betting platform which looks smooth and futuristic in steel-grey colors. Despite the huge number of games and events they offer, navigating around on the platform is simple and easy.

    If you like playing casino games, Sportsbet.io also has you covered. They’ve got an awesome online casino with lots of virtual games. They have all the best online slots, along with a nice live casino known as “Bombay Club” with some really professional dealers.

    If you’re depositing cryptocurrency on Sportsbet.io, you can get promotions and bonuses reserved for people who deposit crypto.

    So if you’re looking for a betting site where you can deposit cryptocurrency and enjoy the latest innovations in sports betting, along with some awesome promotions, then Sportsbet.io is definitely the right place for you.

    Hit the “Join” button below to get started now!