*Some bookies publish limits in INR, while some in BTC. The limits are based on BTC equivalent in INR as of the day the article is published. For reference, 1 BTC= 0.001 mBTC.

Cryptocurrency and Bitcoin in Sports Betting

Created by Satoshi Nakamoto, Bitcoin is one of the most commonly traded cryptos and is available on all the sports betting sites that accept cryptocurrency.

While primarily used by speculators and tech geeks in the early years, the larger benefits of Bitcoin in terms of quick transaction speed and high security soon caught the eye of cricket bookies. It is now a staple payment method across leading cricket betting apps and sites, so much so that the demand for cryptocurrency betting sites in India has grown manifold over the past few years.

5 Best Cryptocurrency Betting Sites in India – Reviewed & Ranked

Sportsbet.io

(Source: Sportsbet.io)

Licensed by the Government of Curacao, Sportsbet.io was established in 2016 and, in a short span of time, has cemented its spot among the best Bitcoin betting sites globally.

Sportsbet.io supports multiple cryptocurrencies on its platform and has a sleek and straightforward user interface that elevates the overall user experience. The bookmaker offers a broad range of betting markets for some of the world’s top cricket tournaments as well as other sports like football, basketball, and esports.

Sportsbet.io Pros

Supports 10+ leading cryptocurrencies, including Bitcoin, Litecoin, DOGE, Ether
Direct integration with crypto exchanges like Binance and Blockfinex
Regular crypto-specific offers and bonuses, prompt live chat support

Sportsbet.io Cons

Other payment options are extremely limited
Website does not support any Indian language other than English

SIGN UP TO BET WITH BITCOIN

2. Melbet

(Source: Melbet)

In the market since 2012, Melbet has ranked highly when it comes to the variety of payment methods. It supports 100+ baking options in India alone, accepting Bitcoin and 37 other cryptocurrencies. As of the day of writing, Melbet is offering a welcome bonus, and when it comes to making deposits with Bitcoins, it is undoubtedly one of the country’s best low deposit betting sites, where you can deposit as little as ₹54 and start your betting journey.

Melbet Pros

Accepts 38 cryptocurrencies
Offers cricket livestreaming with a rich in-play betting experience
Quick one-click registration

Melbet Cons

Cluttered UI hinders navigation and overall user experience
Poor live chat experience

SIGN UP TO BET WITH BITCOIN

3. 10CRIC

(Source: 10CRIC)

Arguably the most cricket-focused bookmaker currently on the market, 10CRIC is the Indian punter’s delight. The bookmaker presently has one of the most generous sports betting welcome bonuses and supports a range of cryptocurrencies – like Bitcoin, Litecoin, Ether, Tether, and Tron — for the crypto enthusiast. However, the minimum crypto deposit is slightly on the higher side at ₹1,000.

10CRIC Pros

Covers most of the popular crypto payment options
Competitive live betting odds
Excellent in-play betting platform
Sleek mobile app

10CRIC Cons

Limited withdrawal options
Dearth of crypto-specific bonuses and offers

SIGN UP TO BET WITH BITCOIN

4. Dafabet

(Source: Dafabet)

Set up in 2004, the name “Dafabet” has almost become synonymous with betting on cricket online. The bookmaker has consistently featured among the best cryptocurrency betting sites for several years now, and with good reason. It supports multiple cryptocurrencies that entail the least processing times, thereby giving us the confidence to rank it among the top crypto cricket betting sites in India.

Dafabet Pros

Accepts multiple cryptocurrencies and crypto wallets
Provides important stats that help in in-play betting
Range of sports promos and an extensive three-tier VIP program

Dafabet Cons

Relatively high minimum withdrawal limit of ₹5,000
Dated UI with a slow customer support response time

SIGN UP TO BET WITH BITCOIN

5. JungliWin

(Source: Jungliwin)

Launched only in 2022, we are pleasantly surprised at how quickly JungliWin has moved up the ladder to become one of the best cryptocurrency betting sites. The bookmaker has done a marvellous job at designing its bonus bouquet, offering decent referral bonuses and free bets every now and then. In terms of crypto, JungliWin offers the entire gamut: Bitcoin, Ether, Tether, Tron, and the like.

There’s something extra in store for you. If you sign up on JungliWin through CBA, you get an exclusive welcome bonus with the JungliWin promo code made specially for the CricketBettingAdvice family.

JungliWin Pros

Instant Bitcoin deposits
Extremely engaging and sharp UI with a pleasant use of colours
24/7 Customer support

JungliWin Cons

No cricket livestreaming
Limited cricket betting markets

SIGN UP TO BET WITH BITCOIN

How to Buy Cryptocurrency and Bitcoin in India?

Whether you are playing on a Bitcoin betting site or some other crypto betting site, registering with a crypto exchange is important to get your journey started. Below are the general steps to buy Bitcoin (BTC) in India:

Step 1: Select a crypto exchange. There are several reputed cryptocurrency exchanges in India, such as CoinDCX, ZebPay, and CoinSwitch. You can shortlist the exchanges based on factors like transaction volumes, transaction cost, customer support, and security.
Step 2: Register with the crypto exchange. Once shortlisted, sign up with the exchange and make your account.
Step 3: Make a crypto wallet. A crypto wallet is an electronic wallet where your cryptos will be deposited and stored. Most exchanges provide this facility, either through partnership with wallet companies or by offering proprietary wallet services. However, it is not mandatory for you to use the wallet recommended by the exchange; you can always select a wallet of your choice.
Step 4: Link your wallet with the exchange. This is an additional step, especially if you already have another wallet and want to integrate it with the exchange.
Step 5: Deposit FIAT currency. Here, you will have to deposit money into the exchange using Netbanking, UPI, or any e-wallet of your choice.
Step 6: This is the last step, where you submit your request for buying Bitcoins. Remember, you can even buy Bitcoins in fractional values, such as 0.01 or 0.001 BTC.

PLEASE NOTE: If you know someone who is willing to transfer Bitcoins directly to you, you can even skip registering with an exchange. All that you then need is a crypto wallet, and of course, money to pay the person transferring you the BTC.

With the crypto wallet loaded, go ahead and start betting with any of the best Bitcoin betting sites that we have mentioned above!

How to Bet on the Best Cryptocurrency Betting Sites?

Tedious. Frustrating. Time-Consuming.

Fortunately, betting with sports betting sites that accept cryptocurrency is none of these. The best Bitcoin betting sites have designed their process flows in a manner that does not change a thing about how you go about wagering using any of the other betting payment methods.

That said, here’s a step-by-step guide to playing on the best cryptocurrency betting sites:

Step 1: Shortlist a crypto betting site from our list. Visit the official website of the shortlisted bookmaker.
Step 2: Enter your personal details and sign up with the betting site.
Step 3: Add Bitcoins to your betting account.
Step 4: Select the match you wish to bet on and look for the most competitive odds and suitable betting markets.
Step 5: Enter your stake and confirm your bet.

That out of the way, let’s take you through how to deposit Bitcoins on crypto betting sites.

How to deposit in betting sites with crypto?

Below are the steps to deposit Bitcoin on sports betting sites that accept cryptocurrency. While the exact steps may differ across each of the Bitcoin betting sites listed in this guide, the general steps remain the same:

Step 1: Visit the official website of the crypto betting site and log in to your account.
Step 2: Click on ‘Deposit’.

(Source: Sportsbet.io)

(Source: Sportsbet.io)

Step 4: Scan this QR code through your crypto wallet.

(Source: Sportsbet.io)

Step 5: Add the minimum deposit amount and confirm the transaction.

Almost all the leading Bitcoin betting sites process Bitcoin transactions almost instantly, and you should be able to see the credit balance in your betting wallet within a couple of minutes.

How to withdraw from cryptocurrency betting sites?

(Source: Sportsbet.io)

Here’s a step-by-step guide to withdrawing your earnings from top crypto betting sites:

Step 1: Log in to your betting account, click on the ‘wallet’ icon, and then select ‘Withdraw’.
Step 2: Enter the withdrawal amount in BTC.
Step 3: Click on ‘Next’. Enter your crypto wallet details.
Step 4: Authenticate the transaction, and your withdrawal request is complete.
Step 5: Bitcoins should be credited to your crypto wallet within the mandated time, which is usually only a couple of minutes across the best Bitcoin betting sites in India.

Top 5 Bitcoin Betting Apps

Among all the best cricket betting apps in India, here are the top five crypto betting apps:

Sportsbet.io: Weekly free bets up to ₹4,200
10CRIC: 150% Bonus up to ₹32,000 + 500 Free Bets
Parimatch: 150% Bonus up to ₹20,000
JungliWin: Special free bets up to ₹15,000 + 50 Free Spins
Melbet: 100% Bonus up to ₹20,000

What is Cryptocurrency?

Cryptocurrency (or ‘crypto’ in short) is a form of digital currency that is usually not backed by any government or regulatory institution. The currency is part of a decentralised payment system where money can be exchanged between two parties located anywhere in the world without passing through the conventional banking framework.

Cryptos are 100% virtual currencies based on a peer-to-peer system that emphasises encryption and data security. The first cryptocurrency was launched in 2009, called Bitcoin, which continues to be one of the most popular cryptos among the 22,000+ cryptocurrencies in the world as of today.

How does cryptocurrency work? Which cryptos are available on top crypto cricket betting sites?

In layman’s terms, cryptocurrency transactions involve a direct transfer of cryptos between two individuals without the involvement of a bank or any other third party—hence called a peer-to-peer (P2P) payment system.
It consists of a distributed ledger system based on blockchain technology that is visible to all authorised network users. Each currency has its own ledger. The majority of the best cricket betting sites that accept cryptocurrency provide multiple crypto options, including Bitcoin, Litecoin, Ether, Dogecoin, and more.
Whenever any transaction is made, the ledger records the transaction as a block that cannot be altered, deleted, or reversed. This feature ensures complete transaction transparency across all users, which is one of the most compelling reasons why crypto enjoys mass acceptance among the users of crypto gambling sites worldwide.
The currency is stored in a cryptographic wallet, and most crypto betting sites allow you to access your wallets to deposit or withdraw money without any hassle.

With the basics of how cryptocurrencies work now covered, let’s address the elephant in the room- Do cryptocurrencies enjoy legal backing?

Is crypto safe and legal?

Much like the haze surrounding the legality of crypto betting sites, the legitimacy of cryptocurrencies is not crystal clear. Remember that crypto, as a payment system, is still in its nascency; the space is still evolving, and very few countries have framed laws regarding the usage of cryptocurrency.
Countries like Germany, Canada, and Malta have taken progressive steps by outright legalising cryptocurrencies, while a few countries like China and Saudi Arabia have banned them. However, a majority of countries, like India, have yet to frame laws to either ban or legalise cryptocurrencies.

In the absence of any regulation, the payment system’s legitimacy lies in a grey area, legally speaking, and therefore cannot be termed illegal. In fact, recent developments in India, such as the 30% tax levy on trading cryptos, hint at the government’s willingness to regulate the industry rather than straightaway ban it.

Coming to the safety aspect of cryptocurrencies, remember that by their basic design and technology (read blockchain), cryptocurrencies are meant to be secure and reliable. The decentralised payment network is considered the most transparent and secure, which explains the proliferation and increasing demand for crypto betting sites in India.

So, if you are looking to use any of the sports betting sites that accept cryptocurrency, go ahead. Rest assured that your funds will be in safe hands as long as you do your research about the bookmaker. And if you’re a resident of Pakistan or Bangladesh and want to dabble in online crypto sports betting, we suggest you go through our exhaustive guides on cricket betting from Bangladesh and the best cricket betting sites in Pakistan.

However, one major downside of the currency is its massive pricing volatility. It’s not a safety issue, but something that you should nonetheless know given that it’s money you are eventually dealing with.

Best Crypto Betting Offers And Bonuses

Rolling out special betting offers and promos on sign-up or during top cricket leagues is common in the cricket betting space. However, nowadays, bookmakers have also been offering bonuses and rewards for deposits made with cryptocurrencies. A rather welcome move!

Here are the latest bonuses on offer at some of the best Bitcoin betting sites in India:

Dafabet: Get up to 20 mBTC (1BTC=0.001 mBTC) on your first Bitcoin sports betting deposit.
Sportsbet.io: Buy a slice of pizza with Bitcoin, take a picture, tag Sportsbet.io on Twitter, and stand a chance to get your BTC reimbursed!
Dafabet: Get up to 0.5% cashback on all crypto deposits.
JungliWin: Enjoy regular moneyback bonuses for bets made with crypto.

Although these bonuses may not be great at the moment, we are sure that some of the best cryptocurrency betting sites will soon follow suit and add to this list.

Advantages of Cryptocurrency Betting Sites

We hope that by now you are clear about the process of betting with Bitcoin. While we have already mentioned certain benefits of using cryptocurrencies, below is a detailed mention of the major advantages of using Bitcoin for online crypto sports betting:

The decentralised nature of Bitcoin and other cryptocurrencies does not compel them to report transactions to any government body. When playing at any of the sports betting sites that accept cryptocurrency, all you need to do is provide your crypto wallet ID for processing deposits and withdrawals. That’s it.

All cryptocurrencies use cutting-edge technology that processes transactions in a matter of seconds. Many bookmakers have been able to pass on this benefit of faster transactions to their users, with several more jumping on board. No wonder that there has been a steady increase in the number of Bitcoin betting sites.

Since there is no intermediary to process crypto transactions, the processing fee, which is otherwise charged by banks and e-wallets, goes away. While the fees should ideally be wiped out altogether, crypto wallets tend to charge a relatively nominal operational fee sometimes. But whatever the amount might be, it’s still less than the processing fee charged by banks.

Bitcoin is based on the blockchain framework, which is acclaimed for its added security and transparency features. Your transactions can never be deleted or reversed, meaning there is always proof of the money you have sent and received on Bitcoin’s ledger. This takes away any misgivings that you might have about the currency’s legitimacy (considering it is not affiliated with any government entity), as you can always trace your cryptos until you sell them.

Fewer chances of sudden account freeze

What can be worse than finding your bank account frozen while adding money to your betting account? Luckily, you will never face any such issues with crypto wallets, as they are decentralised and thus cannot be arbitrarily frozen by any regulatory authority. As long as you do not flout any of the crypto-wallet rules, your account will never be frozen.

Drawbacks of Cryptocurrency Betting Sites

With all its advantages and novelty, there are a few cons associated with online crypto sports betting that you should know about. However, please note that these drawbacks have more to do with the payment system’s design at large than direct shortfalls related to sports betting sites that accept cryptocurrency.

Crypto still in its early stages of adoption
High price volatility due to opacity demand-supply volumes
Lack of legal status as crypto is not regulated by institutional or legal framework

10 Popular Cryptos on Cryptocurrency Betting Sites

Apart from Bitcoin, here are 10 other cryptos that you can usually find on sports betting sites that accept cryptocurrency:

Launched by Vitalik Buterin in 2015, Ethereum is a decentralised crypto platform, and the cryptocurrency is called Ether. The second-most traded and valuable crypto after Bitcoin, Ether is commonly available across all the best cryptocurrency betting sites.

Created by Charlie Lee in 2011 as a faster alternative to Bitcoin, Litecoin has a code similar to Bitcoin. Now the 11th largest cryptocurrency by market capitalisation, Litecoin is known for its faster transaction time compared to other cryptocurrencies.

Tether is a stablecoin launched in 2014. Unlike most other cryptocurrencies, whose value is not linked to any asset per se, Tether’s value is linked to a fiat currency (USD and Euro), which therefore makes it relatively more consistent and stable.

One of the newest cryptocurrencies, Solana has gained immense popularity since its launch in 2020 because of its unique system of smart contracts that work on a hybrid mechanism to process transactions with increased security and speed.

A cryptocurrency of Binance crypto exchange, Binance coin was launched in 2017. The coin is highly interoperable as it is accepted by several travel and shopping platforms, and can also be exchanged for other cryptos, like Ether and Bitcoin.

Launched by founders of Ripple Labs in 2012, XRP is a cryptocurrency that can be traded and exchanged on the Ripple network. It is both a crypto and a tech protocol that can be exchanged in return for other cryptocurrencies as well as fiat currencies.

Created by Charles Hoskinson (ex-Ethereum), Cardano’s USP is its unique approach to create an infrastructure that cuts down on the transaction verification time by removing the complex problem-solving requirement present at the backend of most other crypto platforms.

Founded by the creators of the BitTorrent file sharing network, Tron is a virtual platform meant to facilitate and make digital content sharing more cost-effective. The platform has its own cryptocurrency called Tronix (TRX), which is also popular among cricket betting sites.

Unlike most other cryptos that have a limited supply of coins, Polkadot does not have an upper cap on its supply. Created by Gavin Wood (ex-Ethereum) in 2016, Polkadot provides a unique interoperable protocol that lets different cryptocurrency networks work together without compromising their individual network security.

Known for its efficient smart contract functionality and low latency, AVAX is an emerging cryptocurrency that runs on the same coding language as Ethereum. Though it does not enjoy as much popularity as BTC or ETH, AVAX has a higher supply of tokens (around 720 million) as compared to 21 million BTC and 120 million ETH.

Best Cryptocurrency Betting Sites FAQs

Is it legal to bet with cryptocurrencies?

Bitcoin cricket betting is absolutely safe and legal. At present, there is no Indian law that prohibits or bans the use of cryptocurrencies, so you need not worry about it being illegal.

‘.get_bloginfo(‘name’).’

How do I place sports bets with Bitcoin?

While we have already explained the steps for how to bet with Bitcoin in the article, the overall procedure for online crypto sports betting is quite simple. All you need to do is sign up with any of the best Bitcoin betting sites, deposit BTC, select the betting market, and place your bet. Just like betting with other payment methods!

‘.get_bloginfo(‘name’).’

How do I choose the best cryptocurrency betting sites?

In order to find the best sports betting sites that accept cryptocurrency, start with the basics. Check whether the bookmaker has a good reputation, has all the licences, provides a wide variety of markets, accepts multiple cryptocurrencies, and whether there is any additional charge for transacting with them. To make things easier for you, we have already mentioned a list of the best cryptocurrency betting sites at the beginning of the article.

‘.get_bloginfo(‘name’).’

Which are the best Bitcoin betting sites in India?

In this article, we have listed the 10 best cryptocurrency betting sites in India and reviewed five of them. However, if we were to drill deeper and recommend you the three best Bitcoin cricket betting sites, they would be Sportsbet.io, 10CRIC, and Melbet. The bookies also have sleek, high-performance crypto betting apps with some of the best betting offers.

‘.get_bloginfo(‘name’).’

Do bookmakers come up with any crypto-specific offers during special tournaments?

You will find that some of the leading cryptocurrency betting sites come up with special offers and promotions during top cricket leagues such as the IPL and Big Bash.

‘.get_bloginfo(‘name’).’

CricketBettingAdvice Final Say

We have already seen how cryptocurrency can streamline and promote cricket betting with quicker transactions, lower fees, and increased anonymity. Countries are working towards creating legislation around it too, and many of the best cryptocurrency betting sites are investing significantly in bolstering their presence in this space in anticipation of a rising demand for the payment option.

At CBA, we too believe in the transformative potential of using cryptocurrency for cricket betting. However, we always encourage our users to be cautious in their crypto transactions and select only tried-and-tested crypto betting sites, like the ones mentioned in this guide.

The Cricket Betting Advice team of writers are all defined by one goal: to provide you with the best online cricket betting content on the web.