Author:
Myra Chopra
Last Updated:
30/08/2022
Experiences:
Decent online pokies / table game? Myra has an opinion on it
Experiences:
Decent online pokies / table game? Myra has an opinion on it
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Table of Content
- Making a Payment With Bitcoin in India
- How Long You Should Expect to Wait for BTC Payouts
- The History of Bitcoin
- Compared With Other E-Wallets
- Safety When Using Virtual Currency
- Bitcoin Casinos FAQ
- Why Should You Use Bitcoin?
- What Can You Expect At BTC Casino?
- Reasons To Deal Carefully With Bitcoin
- Are BTC Casinos Safe? Always Do Your Research!
- How to Know if the Operator is Legitimate
- Our Expert Conclusion
Making a Payment With Bitcoin in India
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 in India, how to purchase Bitcoins and make payments to gambling sites, rest assured, we are here to clear all your doubts. To make a casino deposit with Bitcoin, 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 sites need you to transfer Bitcoins to a Neteller account before you deposit with such a website, so read the instructions carefully.
- Once done, transfer the balance of 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 BTC Payouts
The processing time for Bitcoin casino deposits in 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 payment. 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 user’s 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 casino sites in India, and hence, deem it trustworthy a method to deposit into your favorite 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.
Verification Requirements:
E-wallets have been quite the rage worldwide, and most of betting sites accept them for payments. But what about Bitcoin gambling sites? 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 them, the government has advised against their use of it, regardless of which over 5 million people trade and own digital currencies. Using Bitcoins 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, Ecocard, etc. We recommend you take a look at Bitcoin casino sites. It suits online gambling and wagering the best because Bitcoin casino deposits in India and other places in the world cover your tracks in betting. They also protect your information and privacy by keeping 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 casinos because they were built for occasions such as wagering. Bitcoin gambling sites serve 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 a breach of privacy or maybe legal questioning that can be avoided if you used Bitcoin casino. Since it is a virtual currency and highly encrypted, it leaves no trail and protects your identity unlike any other means of payment.
Bitcoin withdrawals can happen within 15 minutes, unlike e-wallets which take 24 hours. The only slippery slope that comes to Bitcoins in comparison to other methods of payment is that Bitcoins are risky to store online as they may get stolen by hacking.
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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. While gambling on offshore online casinos and betting sites, one should look for identity protection. BTC casino 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 help mask your identity and leave no trail of transactions.
You also cannot be cheated or scammed in Bitcoin casino 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.
Bitcoin Casinos FAQ
There are several questions that a user may have before they start playing using BitPay casino India. The following are the top questions that will help you become better at your dealings with online casinos and BTC casinos.
Why Should You Use Bitcoin?
Apart from the initial fear of using Bitcoin for depositing in casino sites as a method of payment, we observed that most punters quickly start preferring this payment mode over others. This is due to the several advantages they provide. Let us look at why you should use BTC casino in modern times:
- Transactions are made using Bitcoin casino deposits 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 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 casinos 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 websites have 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 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 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, the Bitcoin casino site 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 casinos.
- Playing at a casino with Bitcoin also poses the threat of being in unreliable rigged games at rogue and fake sites.
Are BTC Casinos Safe? Always Do Your Research!
You should look for online BTC casino websites that mention their licensing since it is the critical factor in recognizing a legitimate casino that deals in Bitcoins. Most 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 licenses on legit casino sites is not going to be hard since these are placed front and center to increase the users’ confidence. We also recommend that you check their licensing 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. Another trait 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 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 128-bit SSL encryption to different websites.
- Sectigo Digital certificate: It provides SSL certificates to businesses to make them more secure for customers.
- Digicert: Digicert helps in providing an 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 that 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.
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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 favorite table games in the online casino using chips and coins purchased using cryptocurrency. With BitPay casino, 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. Apart from superfast transactions and exclusive bonuses, Bitcoin casinos also bring you the benefit of being able to access exclusive rewards that can be unlocked only by making a casino deposit. We advise you to exercise caution and verify all the bookmakers you play with before investing your casino deposit.
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