With over a billion people it’s no surprise the gambling industry in India is growing so far, but with various laws and restrictions in the way it can be pretty difficult for Indian gamblers to make deposits to gambling websites. Bitcoin is a great way to get around these restrictions. Find out how you can use bitcoin to deposit to popular sites such as bet365 or better still checkout some dedicated bitcoin casinos and sportsbooks that will happily accept your money directly.
Bitcoin Casinos and Sportsbooks India
50% up to $500
100% up to $1,000
50% up to $1,000
The best option for those looking to buy bitcoin is coinbase. You can signup instantly and buy bitcoin using credit/debit cards or bank transfer. Due to the nature of bitcoin you may be asked to verify your account. To do this you may have to upload a copy of your passport or ID. Once done you can easily buy various crypto currencies. My best advice when doing this is to NEVER store money on coinbase, store your money on a secure wallet on a secure machine or USB key. Exchanges are constantly being hacked or closing down and you will have no recourse if someone runs of with your bitcoin.
Once you have your bitcoin it’s time to decide where to play, below we have a list of sites reedy to accept bitcoin players with some huge welcome bonuses. Most of them accept Indian players but this is constantly changing so check the website for the latest terms and conditions.
Deposit to Bet365 from India
This doesn’t just apply to bet3365 but pretty much any casino or sportsbook.. It’s entirely possible to get your bitcoin to bet365 but it can be time consuming and there may be fees, also withdrawing money will not be able to go back to your bitcoin wallet, as a result we suggest using the options above. If you still wish to deposit to bet365 then you first need to setup a neteller account. Neteller is wallet system similar to paypal but for gambling transactions. Signing up only takes a few seconds but as with coinbase you may have to verify your ID. To fund your netller account you can use bitcoin! This is done by generating a unique address via the neteller website and sending it from your wallet. Once you have money in your neteller wallet you send deposit to bet365. This is done by logging in to your bet365 account and visiting the cashier. Bear in mind using a neteller account to deposit to bet365 or any other site may make you ineligible for welcome bonuses (always read the T&CS). Furthermore any winnings you get from bet365 will be withdrawn back to your neteller wallet. You will not be able to withdraw from neteller to bitcoin (only deposit). As such you need to either withdraw funds from neteller to your bank account or apply for a neteller debit card, either of these options has fees as mentioned it’s best to use a dedicated bitcoin casino like the ones above.
Bitcoin is a peer to peer currency which is completely decentralized. Initially built over 10 years ago as a way for people to send money without interference from a middleman. Since then it has grown to become incredibly popular as it’s value rose from less than 1c to it’s peak of over $20,000! Nowadays it is used for people all over the world to send and recieve money with minimal fees. It’s ideal for people in poorer countries who don’t trust their countries banking infrastructure or for people looking to deposit to poker rooms or casinos without using traditional credit or debit cards. In india it’s very easy to use bitcoin. Simply create an account with coinbase and then make a transfer using your bank or credit card in order to buy bitcoin. Once you have your bitcoin you can old on to it in the hopes that it increases in value or use it to shop online or even deposit to sites such as cloudbet to make wagers on casino or sportsbook games
Bitcoin Gambling in India
Although gambling is a grey area in much of India the emergence of bitcoin has made it much easier to deposit funds to a casino or sportsbook. You no longer need to risk a deposit using your credit card or go through the lengthy bank transfer process. By using a site like cloudbet you have full access to 100s of top casino games without the need for a credit card. Furthermore there are hundreds of top poker rooms you can play at. Many banking systems in India will block anything gambling related so bitcoin is the ideal way to get your funds online. Since most banks don’t block translations to bitcoin exchanges they won’t then realise you are sending money to a casino. Remember you need to check with your local authority as to the legal status of bitcoin gambling status in your state. If you do send money to a casino using bitcoin you may not have any recourse if things go wrong, for example if you deposit and a casino closes down with your money then it’s a lot harder to retrieve your funds than if you went to a legal and licensed casino. By using a system like neteller you can use bitcoin to deposit to licensed poker rooms such as pokerstars or online casinos such as bet365. This is much safer than using an unlicensed casino where you don’t know who owns it or if they will simply run of with your money.
What about poker
If you wish to play poker in india using bitcoin your best bet is to use a system like neteller. Simply signup for a new account and you can fund it with a bitcoin deposit. You can then use funds in your neteller wallet to deposit to pokerstars. Neteller is a system very similar to paypal in that they are wallet system but designed especially for online casino and a poker rooms. Remember to check that neteller is legal in your local area as it;’s not available in many countries such as USA. Alternatively you can use a dedicated bitcoin poker room such as the ones listed on the top of this page