## Bitcoin Betting Sites in India: Unveiling the Potential
Table of Contents
– Betting Sites that Accept Bitcoin
– Pros and Cons of Using Bitcoin
– How to Deposit with Bitcoin
– How to Withdraw with Bitcoin
– Bitcoin Transactions: Not Always Anonymous
– Bitcoin Compared to Other Payment Methods
– Tips for Using Bitcoin Betting Sites in India
– Alternative Deposit Methods
Betting Sites that Accept Bitcoin
gaining popularity as a payment method in the online betting industry, and several reputable betting sites in India now accept it. These include:
– BC.Game
– Rajabets
– 1xBet
– 10Cric
– 22Bet
– LibraBet
– 4raBet
Pros and Cons of Using Bitcoin
**Pros:**
– Accepted by more bookmakers compared to other virtual currencies
– Faster deposits and withdrawals
– Free or low fees for deposits and withdrawals
**Cons:**
– May not be eligible for bookmakers’ bonuses
– More volatile than fiat currency
How to Deposit with Bitcoin
1. Select a Bitcoin betting site.
2. Open the deposit screen.
3. Select “Virtual Currency” and choose “Bitcoin.”
4. Specify the deposit amount.
5. Display the address of the deposit wallet and send money from your Bitcoin wallet to that address.
How to Withdraw with Bitcoin
1. Log into your betting account.
2. Go to the cashier page.
3. Select “Withdraw” and “Bitcoin.”
4. Provide your Bitcoin wallet address.
5. Provide the withdrawal amount.
6. Wait for the Bitcoins to be credited to your account.
Bitcoin Transactions: Not Always Anonymous
transactions are considered anonymous, each transaction is recorded on the blockchain, and any individual can view the details of every transaction.
Bitcoin Compared to Other Payment Methods
| Payment Method | Bitcoin | Credit Cards | PhonePe | Other Cryptocurrencies |
|—|—|—|—|—|
| Frequency | Accepted by a few | All bookmakers | All bookmakers | Accepted by fewer |
| Deposit/Withdrawal | Both | Only deposit | Both | Both |
| Commission | Low to no fees | Fees can apply | Low to no fees | Low to no fees |
| Withdrawal Time | Instant | NA | 5 minutes – 2 days | Instant |
Tips for Using Bitcoin Betting Sites in India
– Understand how Bitcoin works and monitor its value.
– Be cautious while making payments.
– Use licensed betting sites.
– Stay updated on cryptocurrency regulations in India.
Alternative Deposit Methods
prefer not to use Bitcoin, here are some other deposit methods available on Indian betting sites:
– UPI
– Paytm
– PhonePe
– Google Pay
– Online Banking
– AstroPay card
– Neteller
– Skrill
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References
* [MyBetting: The Leading Betting Portal in India](https://mybetting-in_IN)
* [Is Betting Legal in India? A Comprehensive Guide](https://mybetting-in_IN/legal-situation)
* [Contact MyBetting: Reach Out to the Experts](https://mybetting-in_IN/contact-us)
* [Privacy Policy: Protecting Your Personal Information](https://mybetting-in_IN/privacy-policy)
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