Want to bet on cricket online with instant transactions, near-total anonymity and the highest standard of security? Then Ethereum betting sites are perfect for you. As a cryptocurrency, Ethereum allows users to make fast and secure payments at bookies in India.
Top 8 Ethereum Betting Sites
Top 5 Ethereum Betting Sites
- Cloudbet
- 10CRIC
- MELbet
- Sportsbet.io
- 22Bet
Best Ethereum Betting Sites
Picking the best Ethereum betting platform out there is a challenging task – they’re all so good! So, to make things easier, we have selected 3 of the very best and unpacked a little more information to help you out.
10CRIC
(19/5/21, 23:25 Est)
As one of the best cricket betting sites in India, 10CRIC offers some of the best cricket odds in a massive range of markets, including the IPL, International Test Cricket, Asia Cup, and the Big Bash League. The site also comes with one of the best cricket betting apps too – packed full of features for punters on the go to enjoy!
Accept Indian Punters: Yes
Accept Indian Rupees: Yes
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MELbet
(19/05/21, 23:29 EST)
MELbet is an international bookie that caters to the Indian market by offering huge cricket markets, plenty of kabaddi betting options, and a casino platform that features Teen Patti and Andar Bahar. This bookie has one of the best live betting features of any platform, as well as an esports selection that is tough to beat.
Accept Indian Punters: Yes
Accept Indian Rupees: Yes
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Sportsbet.io
(19/5/21, 23:35 EST)
If you’re looking for a modern and slick Ethereum betting platform, then you can't go wrong with Sportsbet.io. With some of the fastest crypto deposit and withdrawal processing times, this bookmaker is always striving for further innovation! The website itself is totally intuitive, making live betting an absolute treat.
Accept Indian Punters: Yes
Accept Indian Rupees: Yes
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What is Ethereum?
Ethereum is a cryptocurrency that can be used at many betting sites accepting cryptocurrencies in India. Like most cryptocurrencies, it is a decentralised virtual currency that aims to operate free from government interference.
However, unlike popular cryptocurrencies such as Bitcoin, Ethereum offers more than just value as a currency – it also has real-world functionality to build applications in the business world!
Are Ethereum Betting Sites Safe?
They sure are! Every Ethereum betting site listed above is licensed by the best regulators in the industry. That means they are regularly tested for acceptable business practices, maintaining high levels of security, and that the odds offered are fair.
Ethereum betting sites leverage 128-bit or even 256-bit Secure Socket Layer encryption to protect user data too. These SSL encryption protocols mean that your personal information and payments are protected.
Pros and Cons of Ethereum
There are upsides and downsides to everything in life, and that includes cryptocurrencies. We feel the good certainly outweighs the bad with Ethereum betting. Ultimately, though, the decision is yours, so below are the best and worst aspects of Ethereum for your consideration.
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What Makes Ethereum So Different?
Ethereum differs greatly from the vast majority of major cryptocurrency tokens that are purely a form of alternative currency.
Rather than just simply offer an alternative currency form, Ethereum is a blockchain platform with real-world business functionality through a concept known as ‘Decentralised Finance’. Users can build and develop business applications, such as Smart Contracts, which are powered and funded with Ethereum Tokens (Ether).
Why Play at Ethereum Betting Sites?
Ethereum betting sites provide users with a fantastic payment method, huge sports markets, generous odds, and a responsive betting experience. Choosing Ethereum as your payment option also means you don’t have to just bet at INR betting sites in order to avoid currency conversion fees.
Security
Ethereum, like most cryptocurrencies, provides the highest levels of security by validating transactions on a blockchain network. Well, Ethereum is currently in the process of enhancing this process even further through a change to the validation process, meaning this currency will be even more secure than ever before. Ethereum security, combined with the advanced SSL encryptions of betting sites, means your transactions are highly protected.
Higher Acceptance
Unlike Bitcoin Cash betting sites, there are plenty of bookies accepting Ethereum. In fact, most Bitcoin betting sites accept Ethereum, and you’ll be hard-pressed to find a cryptocurrency bookmaker that doesn’t.
Are There Any Disadvantages to Using Ethereum?
Ethereum has increased in value steadily over the years, has significant real-world functionality, and is accepted by many Indian bookies.
Unfortunately, no cryptocurrency is perfect. Ethereum does share a common disadvantage of all cryptocurrencies – volatility.
High Volatility
Like other cryptocurrencies, Ethereum suffers from high volatility. For example, Ethereum has surged considerably in 2021, more than 700% since January 2021; however, there is an equal chance that the value of this crypto token could dramatically drop overnight. Cryptocurrencies also tend to move together – when one major coin drops, the entire market tends to follow suit.
That being said, Ethereum is certainly one of the most stable cryptocurrencies around, evinced by its real-world intrinsic value and history in the crypto markets.
Where to Buy Ethereum
To use Ethereum, you’ll need to buy some! The best way to obtain Ethereum is to sign up to a cryptocurrency exchange, which is a bit like a broker for cryptocurrencies. The best cryptocurrency exchanges, such as Coinbase, WazirX, or Zebpay, allow Indian users to purchase Ethereum using regular fiat currencies like INR, USD, or GBP.
How to Buy Ethereum in India
Thankfully, buying Ethereum today couldn’t be easier. Cryptocurrency exchanges have really simplified this process, and it is not too dissimilar to using Ethereum betting sites. Simply follow the steps below:
- You’ll need to create an account, which typically takes 5 – 10 minutes. There will be a Know Your Customer procedure, very much like the ones required by Ethereum betting sites.
- Next, you’ll have to fund your account. Many exchanges allow users to buy cryptocurrency with fiat currencies, including INR. There will be a few different payment methods, but far fewer than a bookie. Typically, you can use PayPal, a debit/credit card, or make a bank transfer to the major cryptocurrency exchanges.
- Now, just navigate through the platform to buy Ethereum. As a popular cryptocurrency, it will be in the Top Movers lists, but you can also just use the exchange's search function. Choose an amount to purchase and the exchange will provide full details such as fees or commissions. Nominate an amount and select ‘Buy' – that’s it! Your Ethereum should appear in your exchange account instantly.
- At this stage, you can either keep your Ethereum in the exchange's provided wallet or choose your own.
We suggest buying Ethereum from an Indian cryptocurrency exchange that accepts INR payments to ensure you don’t have to pay any currency exchange fees and for simplicity's sake.
Best Ethereum Wallets
In the same way that you keep Indian Rupees in your favourite leather wallet, you’ll need to store your Ethereum somewhere too. You’ll come across two types of crypto wallets: ‘hot' and ‘cold'. A hot wallet is entirely online, and trades security for simplicity and speed. A cold wallet is an offline wallet that features the highest levels of security possible.
Many crypto users keep a large number of cryptocurrencies in a cold wallet and a useable amount in a hot wallet. There are a plethora of options available to the Indian crypto punter, but we have chosen three of our favourite storage solutions for those who wish to bet with Ethereum online.
WazirX
WazirX is a cryptocurrency exchange that is based in India. Best of all, it provides users with a web and mobile-based wallet in which you can store multiple cryptocurrencies. You can easily trade from WazirX and make P2P transactions – perfect for funding your accounts at Ethereum betting sites in India.
Transactions at WazirX are fast, and the interface is intuitively designed so even the most novice of beginners can use it. WazirX is available as a mobile app, making payments at Ethereum betting sites even more convenient!
Ledger Nano-S
The Ledger Nano-S is a mini-hardware wallet, and isn’t much bigger than a USB stick. Supporting over 1200 cryptocurrencies, including Ethereum, Ledger allows Indian punters to secure their Ethereum in an affordable and small package. As an extra layer of security, it requires an 8-digit pin to access your secured private keys.
As a hardware wallet, your Ethereum is securely stored offline where no hacker can obtain them. You only need to access the internet to make a transaction, and then, once again, your cryptocurrency will be offline.
Shieldfolio
Shieldfolio is an excellent alternative to a standard paper wallet. To avoid losing track of your private keys and wallet information, Shieldfolio provides a water- and tear-proof notebook that offers a rather unique way to protect your cryptocurrency information.
Shieldfolio provides users with a unique and special “Ghost Pen” – a pen that writes in water-proof invisible ink and an attached UV light that can reveal your writing. That means if anyone somehow manages to steal your crypto notebook wallet, they’ll be unable to read any of the information!
How to Use Ethereum Betting Sites
Ethereum betting sites are so easy to use. Just register an account in a few short minutes and deposit some funds. Once you have done this, you’ll be free to place wagers on your favourite sports.
Understandably, if you’re new to bookies or cryptocurrency, it may be daunting to make that first deposit. We’ve gone ahead and provided a step-by-step guide on making those first Ethereum betting deposits and withdrawals.
Making an Ethereum Deposit
First of all, you’ll need to register at an Ethereum bookie and have a crypto wallet filled with Ethereum. When you’re all set up and ready to go, it’ll be time to make that first deposit.
- Log in to your chosen betting site and navigate to the ‘Cashier' section of the website or app. Select Ethereum as your payment method and continue.
- At this stage, betting sites accepting Ethereum will provide their crypto public address and a QR code to make things easier. Copy the crypto public address and head to your chosen crypto wallet.
- Log in to the crypto wallet that has your Ethereum currency stored, and select the option to send currency. From the crypto wallet, either scan the QR code or paste in the bookies crypto public address. We recommend not doing the latter manually purely because crypto addresses are very long, and you definitely want to get it right! Nominate the amount of Ethereum you wish to deposit, keeping in mind minimum and maximum limitations, and double-check the details before confirming the payment.
- That’s it! Your funds should be available instantly, allowing you to make that first bet straight away.
Making an Ethereum Withdrawal
Making a withdrawal at Ethereum betting sites is one of the easiest things in the world to complete. A quick tip, however, is to be sure to complete the bookies Know Your Customer procedure ahead of time. This is required by all Ethereum betting sites before you can make your first withdrawal. All you need to provide are a few basic details, along with documents showing ID and proof of address as a minimum.
As soon as you are verified by the betting site and you’ve enjoyed a few wins, it’s time to make that first withdrawal!
- This time around, you’ll be giving your crypto public address to the bookie. This will direct the bookie where to place your well-earned funds.
- Copy your address – again, it’s much easier to copy than to enter it manually – and then log in to your chosen betting site.
- Select Withdraw and paste in your copied crypto public address. Input your chosen withdrawal amount and check that everything is correct. Proceed with the withdrawal request and wait for your funds to appear in your crypto wallet.
Alternative Payment Methods
If you prefer Bitcoin or you wish to avoid cryptocurrencies altogether, the best Ethereum betting sites provide Indian punters with a fantastic range of other betting payment methods to choose from.
Visa and Mastercard
The simplest and most familiar way to fund a betting account is by using your regular debit card. When it comes to debit cards, there are no more trusted names in the game than Visa and Mastercard. Visa and Mastercard betting sites are the most common bookies on the market, enabling highly secure card payments.
Those who want to use their debit card but hate having to input the long card details can opt for a virtual card. The best way to achieve this is by betting at Google Pay betting sites. Google Pay lets users create a virtual version of their physical debit card that can then be used to make one-click payments at online bookmakers.
E-Wallets
E-wallets are an advanced payment solution that offer a little bit of everything – high anonymity, top security, fast payments, and are widely accepted by online bookies. Skrill and NETELLER betting sites can be found all over the internet, and both offer lightning-fast and easy payments in India. PayPal betting sites are still very common in India too, and provide Indian punters with secure payments online.
Other Cryptocurrencies
Ethereum isn’t the only digital asset in the crypto market. Many unique cryptocurrencies are accepted by cryptocurrency betting sites online in India. These include Bitcoin, Litecoin, Bitcoin Cash, and even Dogecoin!
Indian Favourites
India is a unique sport betting market with many payment systems unique to the country! This is a great blessing, as Indian punters have some pretty fantastic payment methods that many other punters miss out on.
One example would be Net Banking, which is perfect for those punters who just want to keep everything tied to their bank account. At Net Banking betting sites, Indian punters can make fast and secure payments directly from their bank account online.
Another one would be the Unified Payments Interface – one of the easiest Indian payment methods to use, and which is regulated by the Reserve Bank of India. Punters can make one-click payments with their UPI – ID at UPI betting sites by using apps like PhonePe and Paytm.
Ethereum Betting Sites FAQs
What are cryptocurrencies?
Cryptocurrencies are digital assets that purposes to be a decentralised form of currency that is free from government interference and regulation. You can buy and sell cryptocurrencies online in India and also use this virtual currency to make purchases at many merchants around the world.
Which are the best Ethereum betting sites?
There quite a few brilliant Ethereum betting sites available to Indian punters, but our favourites are 10CRIC, MELbet, and Sportsbet.io.
Is Ethereum legal to use in India?
Currently, there are zero laws in India that prohibiting the buying and selling of cryptocurrencies in India. In fact, there are several cryptocurrency exchanges based in the country. However, laws are always subject to change, and cryptocurrency legislation may be brought in or amended some time in the future.
CricketBettingAdvice Final Say
When it comes to sports betting with cryptocurrencies online, you are certainly spoiled for choice. However, Ethereum is one of the most stable and long-standing cryptocurrencies that is widely accepted by online bookies in India.
For fast deposits, withdrawals and highly secure sports betting, you don't need to look any further than wagering at Ethereum betting sites in India.
The Cricket Betting Advice team of writers are all defined by one goal: to provide you with the best online cricket betting content on the web.