Cryptocurrencies are used for several purposes including sending money over the Internet. Many online casinos have started accepting cryptocurrencies to cater to the majority of cryptocurrencies players. The first digital currency that became popular in India and worldwide is Bitcoin. It was created in 2008 by Satoshi Nakamoto.
Are cryptocurrencies legal to use at online casinos? Yes, you can safely and legally use cryptocurrencies at online casinos for real money in India as there are no complicated rules and guidelines. The online casinos that accept Indian players are regulated and licensed by reputed gambling agencies.
Different Types of Cryptocurrencies
Even though Bitcoin is the oldest type of cryptocurrency, other cryptocurrencies are also available and accepted at many real online casinos. You can also choose Ripple, Ethereum, Litecoin, and Dogecoin to deposit money.
- Ethereum: This cryptocurrency is based on blockchain technology and offers a token called ether, which is used to make deposits at online casinos. Several online casinos exclusively include Ethereum and offer bonuses for players who use them. If you want to use Ethereum, you will need to buy ether for making deposits.
- Litecoin: Litecoin was created in 2013 and functions just like Bitcoin. However, it is cost-friendly as compared to Bitcoin and therefore preferred by many users.
- Ripple: Based on blockchain, Ripple makes use of an XPR payment token for all transactions. You can buy them from the exchange and store them in your wallet before using them at online casinos.
- Dogecoin: It is one of the interesting cryptocurrencies which was also developed in 2013 as an alternative to Bitcoin. In the last few years, it has become modified with new and updated features.
Best Cryptocurrency Casinos - February 2024
What Are The Advantages Of Using Cryptocurrencies?
The popularity of cryptocurrencies in the last few years has increased significantly. Users are using it for several purposes because it offers them a lot of advantages.
Cryptocurrency is Safe: One of the important factors that many Indian gamblers give importance to is the safety of their funds. Cryptocurrency is comparatively safer than other modes of payment methods as they are contained within the blockchain.
Cryptocurrency is Anonymous: The players who want to maintain anonymity while gambling at Indian casinos will find it easy when using cryptocurrency for making deposits. Cryptocurrency offers privacy as you just need to fill in your wallet address and the amount you want to deposit into your casino account. This is the only detail captured and stored for cryptocurrency transactions and no other personal and financial details of the players.
Cryptocurrency Transactions Don’t Incur Extra Charges: There are no extra charges for Cryptocurrency transactions as they are not regulated by any financial organizations.
Cryptocurrency Transactions are Instant: When you transfer funds using Cryptocurrency, the procedure is instant as compared to other methods.
Cryptocurrency Appreciates: The value of Cryptocurrency is not stable and keeps on fluctuating. The possibility is that the value of Cryptocurrency can increase over time; thus offering you more amount to play casino games.
How Do Cryptocurrencies Work At Real Money Casinos in India?
It is super easy and quick to transfer funds at online casinos using cryptocurrency. We have discussed a few simple steps to help you use cryptocurrency without any issues.
Create a Cryptocurrency Wallet: The first step to using cryptocurrency is creating a wallet where you will store your digital money. This can be done by taking the help of online providers or websites. We suggest that you get your wallet through a website that offers crypto storage as compared to a cryptocurrency provider for better safety.
Buy Cryptocurrency: There are several ways to get cryptocurrency. You can buy them through a currency exchange service provider such as Coinbase or a private organization. Cryptocurrency can also be bought through mining, but it can be a very complex procedure for some people. The majority of online casino players prefer buying digital money directly using their credit cards or debit cards.
Using Cryptocurrency at Online Casinos: If you are an avid gamer looking to play with cryptocurrencies, you can access several online casinos in India that accepts cryptocurrencies. Once you have selected the safe and reputed online casino, register your account, visit the banking page, and choose your preferred cryptocurrency as your deposit method. Enter the amount you want to transfer into your casino account and you are done. Make sure that you check the minimum and maximum deposit limits at the online casino to avoid any complications.
Crypto Bonuses At Online Casinos in India
Many online casinos in India have included cryptocurrencies as one of the preferred casino payment methods for making deposits and requesting withdrawals. If you are a cryptocurrency player, you can take advantage of the exclusive crypto bonuses available at many online casinos in India.
These bonuses are just like a match deposit bonus with the wagering requirements. We suggest that you search for a safe online casino with a rewarding crypto bonus. Make sure that you go through the terms and conditions before claiming the bonus.