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Check out our comprehensive guide on how to use Bitcoin at online casinos in India. We examined every feature of Bitcoin to provide you with an in-depth review. Take a look at the pros and cons of using Bitcoin as a banking method in Indian casinos.
Play at a Bitcoin Casino in India
Virtual currencies are growing in popularity, and more and more Indian casinos accept Bitcoin as a payment option. Since Bitcoin offers a range of benefits, it’s easy to see why casino-goers in India are willing to use this digital currency.
So, let’s take a closer look at the possibilities of Bitcoin as a banking method in the top Indian online casinos.
Unlike some traditional payment methods, Bitcoin does not have a central governing body. In other words, no government or financial institution can affect the value of your bitcoins.
Well, decentralization is just the tip of the iceberg.
There’s more where that came from. For example, we could mention the fact that Bitcoin is one of the safest payment options out there. High-end safety systems will protect your identity and your funds at all times.
Of course, anonymity is a big deal when it comes to online gambling in India. Unclear gambling laws and regulations often put players in inconvenient situations. Indian banks sometimes freeze accounts, but these issues are avoidable with the use of cryptocurrencies.
Sounds impressive? That’s because it is. Bitcoin offers a variety of perks, but Indian online casinos are equally generous. If you sign up with some of the best operators in India, you will have an opportunity to collect lucrative bonus offers.
For instance, the majority of casinos will offer a rewarding Welcome Bonus package. Needless to say, you should always take full advantage of these offers.
What Makes Bitcoin the Best Banking Method for Online Gambling?
As we said, Bitcoin is a unique banking method, and you can obtain it in various ways. Mining is a well-known method, but it’s not the only one. Also, Bitcoin is not the only cryptocurrency in the world, and Ethereum or altcoins are also in high demand.
Nonetheless, bitcoins are the most popular type of virtual currencies. The same applies to Indian online casinos, and there is a reason for this phenomenon. To be precise, there are several reasons why Bitcoin attracts so much attention.
Here are the notable characteristics of using bitcoins in online casino sites in India.
The fact that Bitcoin is an independent currency may deter some clients. However, the safety standards for using Bitcoins are at the highest level. After all, encryption keys and long-form codes are synonymous with this digital currency.
That is also the reason why supercomputers are in charge of mining bitcoins in the first place. So, you can be confident that no one will hijack your funds if you decide to deposit and withdraw bitcoins from an online casino.
Protection of privacy
When it comes to online gambling, Indian laws are not as welcoming as they need to be. In other words, only offshore casinos can offer their services to Indian players. Due to these issues, the use of Bitcoin as a banking method seems like a perfect fit for Indian casino enthusiasts.
Bitcoin provides the utmost anonymity, and your privacy will be protected at all times. The Indian government will never know that you spent days playing your favorite slots or other casino games.
As a rule of thumb, the best online casinos in India will not charge fees for deposits and withdrawals. So, you will be able to save a few rupees and spend them on the Roulette wheel, for example.
What’s more, Bitcoin can also save you some money because transactions with bitcoins are free. On top of that, you could use a Bitcoin wallet in INR, which would help you avoid conversion fees as well. That is why Bitcoin is also a cost-effective payment method, among other things.
The speed of deposits and withdrawals plays a crucial role in the modern gambling world. Well, Bitcoin is renowned for offering fast transactions. By using Bitcoins as a means of exchange, you will be able to fund your bankroll within seconds. Immediate processing is convenient and time-saving.
In other words, you could be playing online Roulette or Blackjack minutes after you send some cash to your casino account.
How to Set up a Bitcoin Account for Online Casinos?
The process of setting up Bitcoin as your banking method is simple and straightforward. Of course, top online casinos in India are trying to make things as intuitive as possible.
But the first step in this process will be to sign up with a Bitcoin wallet. We already mentioned these services, and the purpose of these wallets is pretty much self-explanatory.
Nowadays, Blockchain is the most popular option on the international level. When it comes to India, we recommend using Indacoin or localBitcoins.com.
Either way, you should create an account with some of these wallets and buy some Bitcoin. It’s best to use INR for purchasing bitcoins since this will help you avoid conversion fees later on. Keep in mind that the value of this cryptocurrency fluctuates all the time.
So, once you obtain some bitcoins, you can use them to fund your casino bankroll. To do so, head over to the Cashier section and select Bitcoin from the list of options.
Of course, you will have to sign up with a casino that supports Bitcoin in the first place. For that reason, we suggest taking a look at the table above. By doing so, you will avoid barking up the wrong tree and signing up with a substandard casino operator.
Not many casino operators in India accept Bitcoin as a payment method, so pay close attention to this element before putting pen to paper.
How to Bet at Bitcoin Casinos Online?
Once you set up Bitcoin as a payment method, you will be ready to make a transaction and fund your casino account. Before that, we should mention that transfers with bitcoins are non-reversible.
In other words, users cannot make corrections once the money is gone. But as long as you follow the instructions, you should be fine.
Here is how to fund your bankroll with bitcoins and how to cash out the winnings.
Deposits with Bitcoin at a casino in India
When making deposits at real money online casinos with bitcoin, it is necessary to exert caution at all times. Bitcoin is notorious for attracting a lot of scammers and fraudsters. Nonetheless, legitimate casinos will let you transfer rupees safely and securely.
On top of that, deposits with Bitcoins should be free of charge at the majority of casino websites in India. Bitcoin is one of the fastest deposit methods. So, the money should appear on your bankroll within minutes.
Withdrawals with Bitcoin at a casino in India
Since Bitcoin eliminates the need for a middleman, withdrawals with this method are fast and convenient. When it comes to Indian casinos, the waiting period will not be longer than 5-10 minutes.
Of course, you will not be sharing your bank account details with the casino when making a withdrawal.
In other words, your identity can remain a mystery. To make a withdrawal, visit the Cashier section on your preferred casino website. Select Bitcoin from the list of options and enter the amount you wish to cash out.
Bitcoin Customer Service
The characteristics of Bitcoin as a banking method play a role in customer support as well. There is no central institution you can reach out to when you encounter a problem with payments.
No one owns the Bitcoin infrastructure. Such a situation can be a double-edged sword. That is why Indian players should be cautious when making transfers with this cryptocurrency.
Even so, there are ways to ask for help if something goes wrong. Your casino operator should be the first on your list of priorities in those moments.
In most cases, Indian gambling establishments will offer a couple of means of communication that you can use to contact the support.
Live chat, email, or phone – pick one and explain the issue in full detail. More often than not, you will receive adequate advice and solve the problem in no time.
Can you Bet Online at a Bitcoin Mobile Casino App?
Bitcoin is decentralized, and there is no governing body when it comes to this cryptocurrency. For that reason, Bitcoin as a payment option does not have a unified mobile app, as some other banking methods may have.
However, you can use bitcoins on your mobile devices without any problems. After all, this digital currency aspires to become the “currency of the future.” As such, mobile banking is a natural side-effect.
The same applies to online gambling, and almost every online casino in India offers a mobile application or a mobile-ready platform.
So, if you want to make deposits and withdrawals on the go, download the app from your favorite mobile casino website. After that, connect the Bitcoin wallet with the app and make transactions from the palm of your hand.
The History of Bitcoin
Unlike some other payment methods, Bitcoin does not have a long-lasting tradition. On the contrary, this revolutionary concept has been around for onlya decade or so.
The first traces of Bitcoin appeared in 2008 when the mysterious Satoshi Nakamoto described the principles of the new currency. At the start of 2009, the first bitcoins were mined and sold. As they say – the rest is history!
With every rise in the price of bitcoins, the popularity of this cryptocurrency skyrocketed. For instance, the hype surrounding Bitcoin was the loudest in 2015 and 2017.
However, we should also mention that RBI (Reserve Bank of India) prohibited the trading of virtual currency. In April 2018, the prohibition order restricted Indians from dealing with cryptocurrencies.
Yet, Bitcoins remain a popular banking method all over the world. According to estimates, India alone has more than 5 million users of digital currencies.
As far as we know, there have been no charges for Indian residents who use Bitcoin as a payment method on online casinos.
Is Bitcoin a Reliable Payment Method for Online Gambling in India?
Despite all the issues with the legality of digital currencies and online gambling in India, Bitcoins are a reliable option. After all, this cryptocurrency is safe and secure.
Transactions with Bitcoins are quick, and you can stay under the radar if you value your privacy. What’s more, Bitcoin is a low-cost payment method.
That means that you will save some rupees for your favorite casino games if you decide to use this virtual currency in Indian online casinos.
Yes, but not all of them. Take a look at our list of the best online casinos in India to find the ones that accept Bitcoin. We recommend the following Bitcoin casino sites in India:
- Fun Casino
Yes, Bitcoin is a viable option for casino-goers in Indian online casinos. Just find a casino that accepts this banking method and you are good to go
Yes, as long as you follow basic Internet etiquette gambling using Bitcoins is safe. In other words, avoid suspicious websites and stay with recommended legitimate casino operators.
10Cric is one of the best Bitcoin casino sites for Indian players.
No, you first need to create an account with a Bitcoin wallet to make deposits and withdrawals.
If you happen to win while playing games of chance, you can cash out in Bitcoins by visiting the Cashier section on your casino website account.
The legality of online gambling in India remains unclear. But, you can use Bitcoin at some of the best offshore casino sites that welcome Indian players.
Believe it or not, Bitcoin is a banking method that will allow you to deposit and withdraw rupees free of charge.