Since the popularity of bitcoin in 2011, many online casino websites have shown interest in using cryptocurrency as one of the payment methods online. Some of the best online casinos added crypto-currency as one of the payment systems for deposits and withdrawals. However, there are also new online casinos in India that only accept bitcoin for casino payment.
Many players around the globe prefer and consider bitcoins as one of the best casino payment methods online because it provides the fastest casino payment transactions zero or less processing fees. Here everything to know about the rise of bitcoin casino in India.
Casino Bitcoin in India
Nowadays, more and more online casinos in India begin to accept bitcoin as the casino payment. Because of this casino trend the term “bitcoin casino” has been coined by many casino online gambling websites. However, bitcoin casino isn’t exactly different from regular Indian online casinos. Bitcoin casinos are simply the casino sites that support bitcoin and other currencies for deposit and withdrawals.
Bitcoin casinos cover all types of casino games online. Just like a regular Indian casino, they also offer healthy selections of slot machines, roulette, table games, baccarat, sports betting, and live casinos. There are also a few casino bitcoin that have progressive jackpot games. However, in these games jackpots are in bitcoin currency.
As mentioned above there are two types of bitcoin casinos. The first is the online casino websites that added cryptocurrency as payment Methods online. Those websites are usually large casinos and considered to be one of the best online casinos in the industry. An example of websites like this is 1xbet India and Jeetplay.
The second type of bitcoin casinos is the casino gambling websites that only accept cryptocurrency for depositing and withdrawing funds. Typically, these are new casino firms that have been created cater to players that use crypto coins.
Deposits and withdrawals using bitcoin
Ewallets such as Skrill payments and Neteller provides the player with a fast payment method online. It is true eWallets are more convenient payment methods for withdrawals when compared to online banking which can take several business days before you can receive the amount. But today, cryptocurrency such as bitcoin is the fastest casino payment method online.
Deposits using bitcoins are almost instantaneous while withdrawals may only take a few hours before you can receive your winning. Moreover, most online casinos in India if not all, charge no fees for making bitcoin payment. Other Indian casinos may charge a very small amount that you wouldn’t even notice. Aside from quick transactions and zero to low fees, cryptocurrency casino payment also a level of security because your information isn’t attached to your crypto wallet.
Now before you can deposit using bitcoin, you need to avail bitcoin. Don’t worry because most of the bitcoin wallet can be downloaded for free on your mobile or computer. When you have a crypto wallet, you need to buy first, a bitcoin from exchange websites or other brokers. When this is done, Log in to your casino account and go to the “cashier” page.
On the list of payment methods, select bitcoin or other cryptocurrencies you wish to use. Here, you will find the bitcoin address of the casino. Make sure you copy the casino receive address. If you aren’t able to see the address, contact the customer service team.
To start transferring the amount, open your wallet and click “Send Money”. Enter the amount you wish to transfer and paste the casino bitcoin address. After reviewing the details you entered, click transfer to finally deposit at the casino.
To withdraw winnings from the casino, go to the cashier page choose to withdraw. This time you need to enter your wallet receiving address and the amount cryptocurrency you wish to withdraw. When the process is done correctly, you can receive your winning within 24 hours.
Bitcoin No deposit bonus
Bitcoin casinos also offer some kind of perks and casino bonuses. The most famous offer is the Bitcoin no deposit bonus. Like other free credit bonuses, the no deposit bonus can be claimed without spending any amount. Other no deposit bonuses are in a form of free spins that can be used on selected slot machines.
Claiming no deposit bonus is the best way to test the service of a new Indian online casino. The best part here is that when you win, you can withdraw the amount or part of it after completing the wagering requirements.
The takeaways
Cryptocurrency provides players in India a faster way to deposit and withdraw winnings. It also has lower fees. Since your personal information isn’t attached to your wallet, using bitcoin as your payment method online provides you security against identity theft. Finally, you can also claim no deposit bonus and play thousands of casino games at bitcoin casinos.
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Many online casinos in India begin to use cryptocurrency as a casino payment method. Because of the convenience and fast processing time, bitcoin is considered as one of the best casino payment methods.