Not every online casino player or sports bettor feels safe using a credit or debit card to pay for things online, no matter how safe that website is, which is where APMs (Alternative Payment Methods) come into play.
Certain major cryptocurrencies, such as Bitcoin, Ethereum, DogeCoin, and Ripple, are now accepted at a growing number of fully licensed Indian real money gambling sites. The question being asked here is, ‘is crypto betting legal in India?’
Is it legal to deposit and withdraw using cryptocurrency at licensed Indian gambling sites?
There is currently no formal law prohibitting fully betting from India. Nothing that prevents people living in the country from signing up to a gambling site that accepts cryptocurrencies. There’s also no law that stops them from using a cryptocurrency to deposit or withdraw.
In other words, you don’t have to worry about the law coming to knock on your door because you deposited with your preferred cryptocurrency balance.
Which cryptocurrencies can I use to deposit and withdraw?
As mentioned, some of the most commonly accepted cryptocurrencies that people living in India can use today to get funds into their accounts and withdraw their winnings include Bitcoin (BTC), DogeCoin (DOGE), Ripple (XRP), and Ethereum (ETH).
Some of the other popular cryptos that websites are starting to accept are one or more of the following methods:
– Avalanche (AVAX)
– Solana (SOL)
– Cronos (CRO)
– Cardano (ADA)
– Cosmos (ATOM)
– Tron (TRX)
– Polkadot (DOT)
– Fantom (FTM)
There are more than 20,000 cryptocurrencies in circulation today, so it’s likely that today’s top sports betting websites and Indian online casinos will gradually start to add more cryptos over the coming months and years.
Why do players use cryptocurrencies?
Cryptocurrencies are seen as being far more reliable and secure than traditional payment methods, and they also provide a layer of anonymity that credit and debit cards don’t. Also, cryptos are easy to use, and there are usually no fees attached.
What other payment methods can I use if I don’t like using cryptocurrencies?
Some of today’s most popular payment methods that online casino players and sports bettors prefer using instead of cryptocurrencies are Visa and MasterCard credit & debit cards, Paytm, AstroPay, and direct bank transfers.
Many of today’s top sites also accept one or two other tried & tested online payment methods, such as PayPal, Skrill, NETELLER, Paysafecard, and MuchBetter, to name just a few. Each website is different in terms of exactly which payment options are accepted.
Top Indian gambling sites in the spotlight
If you’re looking for a fully licensed online casino where you can play hundreds of today’s best online casino games or place a wager on any upcoming sporting event at a licensed online bookmaker, you may want to start by checking out one or more of these trusted sites.
They all accept most of the reliable online payment options mentioned above, plus they all accept Indian Rupee. They are free to sign up to, and they are all controlled by some of today’s most reputable operators with solid reputations.
Before trying anywhere else, the top sites worth considering are 10CRIC, PariMatch, ComeOn, Purewin, Betway, Casino Days, and Lucky Spins. If you want more great sites with amazing sign-up bonuses for all new players, you also have Glassi, Blue Chip, Dafabet, Bet365, MegaPari, 22Bet, and Betwinner, to name just a few.
More information about each of these highly recommended Indian real money gambling sites can be found on the official ‘The TopBookies’ website.
More useful information about today’s best Indian online casinos and sportsbooks
Before you can place a real money wager at any of the sites mentioned above, you first need to open up a new account, and to register a real money account, you must be at least 18 years of age.
You can sign up in less than a minute from any modern smartphone, laptop, desktop, or tablet with internet/Wi-Fi connectivity, and you can download and install the free betting/casino apps in just a few simple steps.
If you sign up to any of these websites today, make sure you never chase your losses or spend more money than you can afford. In other words, gamble responsibly, which means never placing silly bets or playing your favourite games while under the influence or intoxicated.
In short, remember to have fun, and don’t forget to withdraw your winnings from time to time.
