Cryptocurrency has definitely risen on the charts! With a time when people were reluctant to pay online, here comes a time when everyone is engrossed in the digital world. The way people work, shop, communicate, relax and make payments has changed! Online is preferred over cash, UPI is preferred over debit/credit cards, and with these changes, contactless payment is emerging!
With this trend on the rise, online betting websites are offering cryptocurrency as a payment option. Making things easy for their players is the prime motive and to help you understand how this works, we are going to be talking about everything related to cryptocurrency. How to use it? Which are the best betting websites? What are the benefits, and why should one use them? Think of this blog as the Cryptocurrency cricket betting.
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Every one of us must have heard, read or spoken about this term once in our life. It would be through a friend, family, or even television. But how many of us actually understand Cryptocurrency?
We are sure that the number is limited. Not everyone was interested to learn this new thing, or maybe didn't have the time, but with this growth, it has become more important than ever for you to know about this topic and its benefit!
Cryptocurrency is a digital or virtual currency that works on blockchain technology, and it doesn’t rely on banks for transfers, which makes it insusceptible to government intervention or alteration. It is a globally accepted payment method, and you can execute or receive payments fast anywhere in the world anonymously.
Unlike online payments where we deposit physical money into a bank account to carry out transactions, crypto currency payments exist on an online database as digital entries that differentiate the transactions. So, when you make a crypto payment, your transactions are saved in a public ledger and the ‘virtual token’, which is your currency, is stored in a digital wallet.
Bitcoin was the world’s first cryptocurrency introduced, and many cricket betting sites in India widely accepted it. The reason being its safety measures. Transactions, once made through crypto, are registered on a public ledger that is irreversible and cannot be changed.
So yes, cryptocurrency, like bitcoin, ethereum, litecoin, ripple, doge or any other, is safe to use and the betting sites offering these options are also safe and trustable.
There are two sides to crypto currency, as some people call it illegal, overpriced, and more, while some people appreciate it for its portability, quality, safety, transparency and inflation resistance. So, it all depends on which side of the opinion you are on?
Cricket is admired by one and all in India and other countries, but did you know you can now bet on your favourite cricket matches using the latest payment developments – Crypto currency?
Well, it may have seemed like an impossible thing years back, but it’s possible in today's time. Thanks to the betting sites that are always willing to go that extra mile to get their players the best options and comfort. You are rewarded with many benefits when you choose crypto. Some of these are anonymous payments, no extra fee, globally accepted, fast transfers and much more.
With the hundreds of cricket betting sites online, we don’t want you to get lost! We have done all the research and here we are with a list of the best crypto currency cricket betting sites in India. Find one for yourself and get registered!
Sportsbet.io – Sportsbet.io is one of the best cricket betting site if you want to make deposit through Crypto Currency. Its is a new and modern betting site which offers its player with great innovations and attractive website.
They provide a great sports betting platform where you can bet on Cricket, football, basketball and many other sports. If you like casino games sportsbet.io has some awesome virtual games and slot games.
For the players who make a deposit money with Crypto Currency they have exclusive promotions and bonus offers which is worth trying.
Here are some advantages of depositing with Crypto Currency on Sportsbet.io
Read more about the cryptocurrency betting site in our Sportsbet.io review.
1xBet 1xBet is definitely one of the biggest betting site in the world and they offers a great options on all king of sports betting such as cricket betting, Kabbadi, football, basketball and any sports you can think of and it is available on 1xBet.
Being so old in the industry they offer some of the best odds in the market. Their payment method are quite convenient. Crypto Currency is one of such payment method that they offer.
Deposit through Crypto Currency is very easy all what you must do is choose Crypto Currency as your deposit method and link your wallet.
Read more about one of the best cricket betting sites accept cryptocurrency in our 1xBet review.
We all are familiar with making online deposits and payments, but when it comes to crypto, the process is a little different!
Now that you are all set with the concept of crypto currency and how it works, it’s time we move to the next step. Let’s see how can we deposit using crypto currency at a cricket betting site and get started. Here are the simple steps to follow:
This is the first step where you have to create your account on any of the crypto currency wallets available online, enter all the required details, and then you will be designated a digital ID that is required every time you want to unlock your account. Do not lose or share this ID with anyone.
Crypto works on coins or tokens, so in order to proceed, you have to buy some coins. To buy crypto coins, log into your wallet, select the coin you want to buy and then purchase coins with the physical money you have deposited in your digital wallets. Within seconds, your wallet will be funded. Bitcoin is still the most popular crypto coin, but if you want, experiment with others.
After having a funded crypto wallet, choose a betting website from our list above that is curated after extensive research. But if you want to search for a website by yourself, ensure to find a site that offers the game you want to play or bet on - Cricket or others. You can always switch websites, so make the best choice and get started!
After you decide which website to play on, register/login on to their website and select the cashier option. Select the payment button, and you will see multiple options. Choose Bitcoin or crypto currencies to proceed ahead.
A pop-up notification asking for confirmation will appear, so select the crypto coin you want to go play with before confirming this notification, as you can’t reverse it. On confirmation, the Bitcoin details, receiver's crypto wallet address and a QR code will be displayed. You can either manually enter the wallet address or just scan the QR code from your wallet to complete the transaction within a few seconds.
You are all set to start betting with crypto. Choose the game or match you want to bet on and get started with cricket betting on the best online websites.
Crypto currency wallets are just like any digital wallet that runs on software that we use to make online payments. The role of this wallet is to offer secure storage for private crypto keys and allow the users to send and receive digital crypto funds. The Private crypto key is something that helps you manage your funds and account.
Now, if you are new to crypto or want a change, lookout for a wallet that makes it easy to manage and move the coins into the betting website. Don't limit yourself to the old ones, because the new ones are also worth trying. Let’s get into the type of wallets available and which ones are the most popular ones.
Types of crypto currency wallets:
Popular Crypto currency Wallets
There are many such options available on the internet but if you want to save yourself some time and go ahead with any of these, amazing! But if you want to look out for yourself, go ahead and make the best choice for you.
With the information that you have about cryptocurrency and cricket betting, you are ready to start placing a bet. To place bet using crypto at the cricket betting site, you first need some cryptocoins and an operator website that accepts bitcoins, ethereum, litecoin, doge or other coins, and offers cricket betting. Choose from the cricket leagues like big bash league, IPL, Champions League or any other that you wish to bet on.
To have a smooth gambling experience, make sure that the cryptocurrency you choose to play with must not influence the game you play. If you are not sure about this, check out with the casino operator or go through their terms and conditions.
Make use of this knowledge and get started with your cricket betting journey at the above-mentioned betting websites, as they all accept bitcoin and have amazing offers waiting for you that enhance your gameplay!
Crypto currency has been legalized in India and Bitcoin is one of the modest and trusted. So, if you are planning to start with online betting, crypto currency is a good option because of its amazing benefits.
Yes, when you use crypto at any of the mentioned betting sites, you get your hands on the special Bitcoin bonuses and promotions offered by the betting site.
Crypto currency works on digital systems which are encrypted with a high level of security system that safeguards your data and crypto currency.
To start betting using crypto, you are required to be over 21 years of age, and you must verify your identity on the betting website.