Bitcoin is a virtual coin that uses peer-to-peer technology to facilitate instant payments. You can buy bitcoin from a reliable coinbase. It is a currency form which is slowly on the rise among the tech-savvy population. As the popularity of online casinos continues to grow at a rapid pace, more operators are offering a greater number of payment options, to enable a larger number of people to place real money bets online. One of the emerging forms of online casino payment is through bitcoin, and as a result, there are now many bitcoin online casino India which accept bitcoin. For those looking for a safe and reliable bitcoin casino, India residents have a growing number of choices available to them.
In comparison to other modes of payment, bitcoins are relatively new, which is why you might have doubts regarding BTC casino India. If you are wondering how to use bitcoin casino deposit India, how to purchase bitcoins and make payments to gambling sites, rest assured, we are here to clear all your doubts.
Here are the pros and cons of using Bitcoins for online casino betting:
Pro and Con
- Quick payments
- Storage of bitcoins is not secure
Making a Payment With Bitcoin India
To make a bitcoin casino deposit India, all you have to do is follow the steps below.
- Create an account on a reliable cryptocurrency vendor’s website by signing up.
- Once you provide identification proof and verify your account, purchase bitcoins to be used for the deposit.
- Open your bookmaker’s website and log in.
- Once you reach your dashboard, go to the “make deposit” option on the menu.
- There you will be able to choose the amount to be deposited, the currency and the means of payment.
- Add bitcoins to your payment methods and enter the necessary details asked by the form.
- Submit and confirm the transaction to make a deposit.
- Some BTC casino India sites need you to transfer the bitcoins to a Neteller account before you deposit with such a website, so read the instructions carefully.
- Once done, transfer the balance bitcoins from your cryptocurrency account to your popular e-wallets such as Skrill, Neteller, Ecopayz or others.
How Long You Should Expect to Wait for Payouts
The processing time for bitcoin casino deposits India and withdrawals depends from bookmaker to bookmaker. Generally, the deposit time for all bitcoin deposits is instant on every website. The withdrawal process, too, is awe-inspiring by having a processing time of almost instantly to a maximum of 15 minutes. This is a refreshing change from other methods of payments. E-wallets take 3-5 business days to reflect the number of withdrawals and about 24 hours to deposit. Bank transfers are painful to wait for since they take a week to reflect withdrawals.
Casino with bitcoin India saves so much of a users time that the wait involved in other methods seems like a waste of gaming time. As experts, we have no doubts about the credibility of bitcoin payments in bitcoin online casino India, and hence, deem it trustworthy a method to deposit into your favourite bookmaker’s site. If there is a delay in withdrawals of about 2 days, you can ask the bitpay casino India customer support for help.
E-wallets have been quite the rage worldwide, and most of the betting sites accept them for payments. But what about Bitcoin casino deposit India and bitpay casino India? The apprehension behind cryptocurrencies such as bitpay casino India is evident in the market.
It is advised that you go to verified channels to purchase your bitcoins.
- Once you have checked the validity of this vendor, please check for the most popular credentials of a legitimate bitcoin vendor.
- Once verified, you can sign up immediately and purchase bitcoins.
- To verify your identification, you will be asked to upload a copy of your passport, or a government-approved ID.
- Once that is submitted, you will be able to purchase different kinds of cryptocurrencies including bitcoins and bitpay casino India.
One tip to keep your money safe from a hacking scam is to never keep any balance cryptocurrencies in your account. Instead, store it in an e-wallet that is 128-bit SSL securely encrypted.
The History of Bitcoin
Bitcoin is a cryptocurrency that was created over ten years ago. This is a decentralized digital currency that has no bank or a central administrator to look over its circulation. Without any middlemen, bitcoins can be sent through an encrypted path from peer to peer in exchange for other currencies, services and products. Bitcoins are also an extremely popular method of payment when it comes to casinos, betting and gambling.
Since the origin of bitcoins, it has grown in value from less than a cent to over $20,000! The legal scenario of bitcoins is a contentious issue in India, so it is advised to exercise your dealings with extreme caution. Although bitcoins are legal in India, as there are no laws prohibiting it, the government has advised against the use of it, regardless of which over 5 million people trade and own digital currencies. Using bitcoins casino India makes gambling on offshore sites easier by leaving no trace of the player and saving the hassle of connecting banking details.
If you’re trying to figure out which of the most popular payment methods suits you from Debit card, Visa, Mastercard, PaysafeCard, EntroPay, American Express, Bankwire, Echeck and Ecocard etc we recommend you to take a look at Bitcoin Online Casino India. It suits online gambling and wagering the best because bitcoin casino deposits India and other places in the world cover your tracks in betting. They also protect your information and privacy by keeping the peer to peer payments encrypted.
Compared With Other E-Wallets
Bitcoin brings quite the package to the table when we compare it with other payment methods.
E-wallets run with too many protocols that may become a hassle. This is not the case with bitcoin casino India because they were built for occasions such as wagering. Bitcoin casino India serves well when it comes to making a player’s payment and withdrawal methods convenient.
Other payment methods are known to leave a trail with your information, which can be hacked or accessed by high-level clearance personnel. This creates a possibility for breach of privacy or maybe legal questionings that can be avoided if you used bitcoin casino India. Since it is a virtual currency and highly encrypted, it leaves no trail and protects your identity unlike any other means of payments.
Bitcoin withdrawals can happen within 15 minutes unlike e-wallets that take 24 hours. The only slippery slope that comes to bitcoins in comparison to other methods of payments is that bitcoins are risky to store online as they may get stolen by hacking.
Safety When Using Virtual Currency
If you’re searching for rewarding and exciting offers on your payments to make the best out of your deposits, you need to try bitcoin casino India. While gambling on offshore online casinos and betting sites, one should look for identity protection. BTC casino India looks after that by giving you complete anonymity.
As a virtual currency, bitcoins are encrypted and cannot be traced back to the owner, which will give you the privacy you desire. This type of encryption is not your run-in -the-mill, mediocre grade secure. The blockchain system backs up and encrypts your details through the system of several volunteers that helps mask your identity and leaves no trail of transactions.
You also cannot be cheated or scammed in bitcoin casino India transactions, because the process is completely transparent and has thousands of people/volunteers watching over your money even if the parties are anonymous. Bitcoin is also a decentralized currency, which means it has thousands of servers online and cannot be stolen easily like a bank robbery or a scam on a bank account.
There are several questions that a user may have before you start playing using bitpay casino India. Following are the top questions that will help you become better at your dealings with online casinos and btc casino India.
What is a Bitcoin Specific Casino?
BTC casino India is one that operates precisely like regular online casinos. These sites allow you to win big at online casino games and avail bonus opportunities. The main difference is that you can make bitcoin casino deposits India here instead of utilizing regular money.
Should I use the same deposit and withdrawal method at a betting site?
Being consistent in your payment methods means you create a convenient route for yourself to make deposits. However, should you want to try another payment method when one fails or just because you own an account, there are no such restrictions as to using only one method of payments for making deposits with casino sites in India.
Why could an operator block my account?
Can I get a Bitcoin Online Casino India bonus?
There are several bookmakers that show you exclusive rewards and bonuses for using bitpay casino India as your payment method. All you have to do is check out the rewards section, the bookmaker’s twitter account or other social media to stay updated on their latest bitcoin casino deposit India specific bonuses.
How do I verify a bookmaker?
A legitimate operator comes with a site that has a 128-bit SSL encryption to keep the users’ data safe during the payment process. They should also be open to accepting payment methods like Bitcoin so that there is the option of diverse payments open to the punter. You can also read the top bookmakers’ reviews on guides like ours to understand their terms and conditions to make more informed decisions.
Why Should You Use Bitcoin?
Apart from the initial fear of using bitcoin for depositing in Bitcoin Online Casino India as a method of payments, we observed that most punters quickly start preferring this payment mode over the others. This is due to the several advantages they provide. Let us look at why you should use BTC casino India in modern times:
- Transactions made using bitcoin casino deposits India and withdrawals are quicker and simpler.
- Cryptocurrency is not linked to any governmental organization and does not leave a trail.
- Gives you complete anonymity over your gambling and betting activities.
- Since the legal scenario of gambling in India is complicated, bitpay casino India provides a much-needed relief by protecting the privacy and details of its owners with its high encryption security.
What Can You Expect At BTC Casino?
Several BTC casino India that offer Indian punters unbelievable bonuses that cannot be competed with by the other providers. Most of the welcome bonuses match the deposited fund when you make your first transaction. Unlike other gaming and casino bookmakers, BTC casino India websites have a package bonus deals to welcome new customers. You will not only be matched for your first deposit but will also receive great rewards for further transactions.
To understand which Bitcoin Online Casino India website gives you the most significant benefit that regular overseas gambling sites cannot, we recommend that you read the terms and conditions well before dealing with any such sites. A few games may not be included in the bonus listings, but most of the games should have some or the other type of offers for players and loyal customers.
Reasons To Deal Carefully With Bitcoin
Every payment mode has a set of advantages and disadvantages. Similarly, Bitcoin Online Casino India is not immune to flaws in its workings. Some of the factors you should be careful of while using bitpay casino India are:
- Carries too much unpredictability.
- It is not accepted in India legally.
- You stand the chance of being scammed easier while dealing in BTC casino India.
- Playing at a casino with bitcoin India also poses the threat of being in unreliable rigged games at the rogue and fake sites.
Are BTC Casinos Safe? Always Do Your Research!
You should look for online BTC casino India websites that mention their licencing since it is the critical factor of recognizing a legitimate casino that deals in bitcoins. Most of such casinos will hold certifications and licenses from internationally recognized bodies. Some of the names to look for are the UK Gambling Commission, the Malta Gaming Association and the Curacao Gaming Control Board. Finding their licences on legit casino sites is not going to be heard since these are placed front and centre to increase the users’ confidence. We also recommend that you check their licencing number before you sign up and start dealing with the casino in bitcoins.
A safe bookmaker will protect your information and privacy; make sure the sites you go to have a 128-bit SSL encryption to back that claim with a certificate. Other traits to look for is a website promoting safe gambling, partnering with various charities and organizations that help treat gambling addiction problems.
How to Know if the Operator is Legitimate
These organizations are a stamp of approval on a BTC casino India or bitcoin casino India and you will easily be able to find their logo on verified and legitimate bookmakers’ sites:
- The Gambling Commission – The UK Gambling Commission regulates gambling and supervises such activities in Britain.
- MGA- Malta Gaming Authority – It was founded in 2001 and it is the gaming control board of Malta. It regulates land-based as well as online gambling services.
- Curacao e-Gaming – Curacao e-Gaming not only provides licenses but monitors all its licensees. It has a record of delivering amazing services and infrastructure and has been active in making the online gambling world more secure and user-friendly.
- Thawte – It is a leader in providing security solutions like the 128-bit SSL encryption to different websites.
- Sectigo Digital certificate: It provides SSL certificates to businesses to make it more secure for customers.
- Digicert: Digicert helps in providing a SSL certificate management system.
- eCOGRA: It is an independent third-auditor to audit the fairness of the RTP and random outcomes of slot games.
- GLI: Gaming Laboratories International (GLI) also helps in the testing of slot games and ensuring fairness in them.
- Gambleaware, GamCare: Institutions which try to support people who might be having problems with Gambling addiction.
These certificates can prove that a bookmaker is legit and can be trusted in the long run.
Our Expert Conclusion
As a payment method, Bitcoin is one of the most reliable ways to conduct secure transactions and make deposits to your bookmaker’s site. You can enjoy playing your favourite table games in the online casino using chips and coins purchased using cryptocurrency. With bitpay casino India, your identification and personal details are safe and secure.
The stakes may be high, but your safety matters the most, which can be secured at any casino with bitcoin India. Apart from superfast transactions and exclusive bonuses, bitcoin casino also brings you the benefit of being able to access exclusive rewards that can be unlocked only making a bitcoin casino deposit India. We advise you to exercise caution and verify all the bookmakers you play with before investing your bitcoin casino deposit India.