21 Best Cryptocurrency & Bitcoin Betting Sites In India (2025) Last Updated: June 2, 2023 Looking for the best sports cryptocurrency betting sites? You’ve come to the right place! In this guide, we list all the top online betting websites that support crypto, point you towards the best bonuses available, and explain the different types of cryptocurrency out there. MOST IMPORTANT INFORMATION Best crypto betting sites How to deposit & withdraw with crypto Bitcoin betting apps Quick links What Is Cryptocurrency? Is Crypto Safe & Legal? How to Buy Cryptocurrency and Bitcoin in India? Cryptocurrency and Bitcoin in Sports Betting 5 Best Cryptocurrency Betting Sites in India: Reviewed & Ranked How to Bet on the Best Cryptocurrency Betting Sites? Top 5 Bitcoin Betting Apps Best Crypto Betting Offers and Bonuses Advantages of Cryptocurrency Betting Sites Drawbacks of Cryptocurrency Betting Sites 10 Popular Cryptos on Cryptocurrency Betting Sites Cryptocurrency Alternatives in India CricketBettingAdvice Final Say Crypto Sports Betting Sites in India Resources What Is Cryptocurrency? Cryptocurrency (or ‘crypto' for short) is a form of digital currency that is usually not backed by any government or regulatory institution. The currency is part of a decentralised payment system where money can be exchanged between two parties located anywhere in the world without passing through the conventional banking framework. Cryptos are 100% virtual currencies based on a peer-to-peer system that emphasizes encryption and data security. The first cryptocurrency was launched in 2009, called Bitcoin, which continues to be one of the most popular cryptos among the 22,000+ cryptocurrencies in the world as of today. How does cryptocurrency work? In layman's terms, cryptocurrency transactions involve a direct transfer of cryptos between two individuals without the involvement of a bank or any other third party—hence called a peer-to-peer (P2P) payment system. It consists of a distributed ledger system based on blockchain technology that is visible to all authorised network users. Each currency has its own ledger. The majority of the best cricket bookmakers that accept cryptocurrency provide multiple crypto options, including Bitcoin, Litecoin, Ether, Dogecoin, and more. Whenever any transaction is made, the ledger records the transaction as a block that cannot be altered, deleted, or reversed. This feature ensures complete transaction transparency across all users, which is one of the most compelling reasons why crypto enjoys mass acceptance among the users of crypto gambling sites worldwide. The currency is stored in a cryptographic wallet, and most crypto betting sites allow you to access your wallets to deposit or withdraw money without any hassle. Is Crypto Safe & Legal? Much like the haze surrounding the legality of crypto betting sites, the legitimacy of cryptocurrencies is not crystal clear. Remember that crypto, as a payment system, is still in its nascency; the space is still evolving, and very few countries have framed laws regarding the usage of cryptocurrency. Countries like Germany, Canada, and Malta have taken progressive steps by outright legalising cryptocurrencies, while a few countries like China and Saudi Arabia have banned them. However, a majority of countries, like India, have yet to frame laws to either ban or legalise cryptocurrencies. In the absence of any regulation, the payment system's legitimacy lies in a grey area, legally speaking, and therefore cannot be termed illegal. In fact, recent developments in India, such as the 30% tax levy on trading cryptos, hint at the government's willingness to regulate the industry rather than outright ban it. Coming to the safety aspect of cryptocurrencies, remember that by their basic design and technology (read blockchain), cryptocurrencies are meant to be secure and reliable. The decentralised payment network is considered the most transparent and secure, which explains the proliferation and increasing demand for crypto betting sites in India. So, if you are looking to use any of the sports betting sites that accept cryptocurrency, go ahead. Rest assured that your funds will be in safe hands as long as you do your research about the bookmaker beforehand. And if you're a resident of Pakistan or Bangladesh and want to dabble in online crypto sports betting, we suggest you go through our exhaustive guides on cricket betting from Bangladesh and the best betting sites in Pakistan. However, one major downside of the currency is its massive pricing volatility. It’s not a safety issue, but something that you should nonetheless know given that it’s money you are eventually dealing with. How to Buy Cryptocurrency and Bitcoin in India? Registering with a crypto exchange is important to get your journey started. Below are the general steps to buy Bitcoin (BTC) in India: Step 1: Select a crypto exchange. There are several reputed cryptocurrency exchanges in India, such as CoinDCX, ZebPay, and CoinSwitch. You can shortlist the exchanges based on factors like transaction volumes, transaction cost, customer support, and security. Step 2: Register with the crypto exchange. Once shortlisted, sign up with the exchange and make your account. Step 3: Make a crypto wallet. A crypto wallet is an electronic wallet where your cryptos will be deposited and stored. Most exchanges provide this facility, either through partnership with wallet companies or by offering proprietary wallet services. However, it is not mandatory for you to use the wallet recommended by the exchange; you can always select a wallet of your choice. Step 4: Link your wallet with the exchange. This is an additional step, especially if you already have another wallet and want to integrate it with the exchange. Step 5: Deposit FIAT currency. Here, you will have to deposit money into the exchange using Netbanking, UPI, or any e-wallet of your choice. Step 6: This is the last step, where you submit your request for buying bitcoins. Remember, you can even buy bitcoins in fractional values, such as 0.01 or 0.001 BTC. PLEASE NOTE: If you know someone who is willing to transfer bitcoins directly to you, you can even skip registering with an exchange. All that you then need is a crypto wallet, and of course, money to pay the person transferring you the BTC. With the crypto wallet loaded, go ahead and start betting with any of the best Bitcoin betting sites that we have mentioned below! Cryptocurrency and Bitcoin in Sports Betting Created by Satoshi Nakamoto, Bitcoin is one of the most commonly traded cryptos and is available on all the sports betting sites that accept cryptocurrency. While primarily used by speculators and tech geeks in the early years, the larger benefits of Bitcoin in terms of quick transaction speed and high security soon caught the eye of cricket bookies. It is now a staple payment method across leading cricket betting apps and sites, so much so that the demand for cryptocurrency betting sites in India has grown manifold over the past few years.