Cryptocurrency Cricket Betting Guide
Cryptocurrency is a gamechanger in terms of digital payment. There came a time when people were reluctant to use cryptocurrency, but it has changed, especially nowadays, that everything is in the digital world. Everything is possible with just a few clicks and taps of fingers, such as making payments, communicating, and shopping. Many people today prefer online payment to use cash, and these changes have something to do with comfort, convenience, and security.
Debit cards, credit cards, e-wallets, UPI, and cryptocurrency are now available. So if you are keen to know more about cryptocurrency, you have come to the right place. This article aims to give you insights into cryptocurrency and why you should consider using it when making payments to online sports betting sites.
Written By Rajeesh Nair Editor & Betting Expert.
Fact-checked & Updated on 22th June 2022 by Ushan Arya Industry Researcher.
Published on 18th February 2022.
Best Online Betting Sites That Accept Cryptocurrency
What is Cryptocurrency?
You probably have heard of cryptocurrency before and are sure that some of you might already know about it, while some have limited knowledge about it. We will discuss more cryptocurrency here, and who knows, after reading this, you might want to try on using cryptocurrency. Cryptocurrency is a currency in digital or virtual form. It works using blockchain technology. Unlike traditional payment methods, cryptocurrency does not rely on banks for making fund transfer. The good thing about this is that it is not susceptible to government interventions. More so, cryptocurrency is accepted around the world. It lets you send and receive payment anytime and anywhere without divulging your personal and financial information. Yes, that’s right – you can do it anonymously.
It is way different than the traditional payment, for you will not be asked to go to the physical, financial institution to transfer funds. You will not deal with fiat money. With cryptocurrency, all transactions happen online. If you are going to make a crypto payment, all transactions are saved in the public ledger. Cryptocurrencies are referred to as virtual tokens and are stored in a digital wallet.
There are various types of cryptocurrency, with Bitcoin as the most famous one. It is the first cryptocurrency introduced to the world. It is widely accepted in different parts of the world, including India. In fact, many sports betting sites that accept Indian players accept cryptocurrency payments. If you are looking for a safe and secure transaction, cryptocurrency won’t disappoint as the transaction is anonymous and won’t divulge your personal and financial information. Aside from Bitcoin, other popular forms of cryptocurrency include Litecoin, Ethereum, and Ripple.
Using Cryptocurrency in Cricket betting sites
Cricket is without a doubt one of the well-loved sports by Indians. It is one of the reasons why many cricket betting sites are welcoming to Indian punters. Don’t you know that you can now use cryptocurrency for funding your online betting account, specifically cricket betting sites? Today, most betting sites, especially top-notch betting sites, accept crypto payment. Their way of going the extra mile is to give punters the best options – convenience and comfort-wise.
There are many advantages to using cryptocurrency, such as it is globally accepted, payment can be made anonymously, no extra charges, and speedy fund transfer. There are tons of cricket betting sites today, and we know how daunting it is to find the best online cricket betting site that accepts cryptocurrency payment. Well, you don’t need to do the hard work, for we have already covered it for you. In our research, the best cricket betting site that accepts crypto payment include the following:
It is one of the top-notch cricket betting sites for punters who want to deposit using cryptocurrency. If you are to compare it with other cricket betting sites, you will notice that it is quite new but does not fall short in offering the best features to Indian punters. The user interface is attractive yet simple and loaded with great innovations. It allows you to bet not only on Cricket but on other sports too like Basketball and Football. It also offers virtual casino games and the favorite – slot machine games. Exclusive bonuses and promotions await cryptocurrency deposits.
Some of the advantages cryptocurrency depositors enjoy are the following:
✅ Exclusive promotions and bonuses await punters who deposited cryptocurrency.
✅ It offers the most competitive odds.
✅ It provides a top-notch cricket betting experience.
✅ Withdrawing your winnings using cryptocurrency is easy.
1XBet is definitely on top of the list in terms of reach and popularity. It offers the best sports betting selection across all sports such as Cricket, Football, Basketball, and Kabaddi. It has been in the industry for quite some time now, and it offers the best odds in the market. Moreover, it accepts cryptocurrency in an effort to offer the most convenient and varied methods for all types of Indian punters.
How to choose the best Crypto sports betting site?
As cryptocurrency becomes more popular as the years go by, many sports betting sites and online gambling platforms as a whole accept cryptocurrency. However, you have to be wary as not all of them can be trusted. To help narrow down your choice, our cryptocurrency betting experts gave the following guides:
- Read user reviews – You should make it a habit to read user reviews and look for positive ones. The higher the positive reviews, the more a site can be trusted. It should also offer a number of sporting events and matches to place bets on.
- Check the bonuses and promotions – Choose a cryptocurrency betting site that offers generous welcome bonuses with reasonable terms and conditions.
- Check the customer support – Choose a betting site that quickly response to customer’s queries and issues. There should be round the clock available customer support.
How to fund your Cricket betting account using Cryptocurrency?
Funding your cricket betting account using cryptocurrency is easy. It would only take a few steps and a few pieces of information to fill in. You have to follow these steps for a smooth sailing deposit using crypto payment:
- Have a cryptocurrency wallet – The first thing you should do is open a cryptocurrency wallet. There are numerous choices for a crypto wallet online, and you have to choose the one that you think will be easy for you to use. If you don’t choose a crypto wallet, you will need to create your account by filling in all required details. You will be given a digital ID, and you need to key in the ID every time you want to open your account. You have to make sure you secure your ID and not share it with anyone else.
- Purchase crypto coins – Cryptos are referred to as tokens or coins. To be able to deposit crypto in your cricket betting account, you need to make sure your crypto wallet has sufficient funds. Therefore, you need to purchase coins or tokens. To do so, log in to your crypto wallet and choose the coin you want to purchase. You can use fiat money when purchasing tokens or coins. Once the purchase is successful, you will see the funds reflected in your account right away.
- Select a cricket betting site – Once you are certain that your crypto wallet is sufficiently funded, the next step is to choose a cricket betting site. We already mentioned the best cricket betting site above. However, if you want to do your own research, you have to make sure you take into consideration all important factors. Please note that some sites do not accept some forms of cryptocurrency. Therefore, you have to do your research well.
- Proceed with the actual deposit – Once you are done choosing a cricket betting site, the next step is to proceed with the actual deposit. Log in to your cricket betting account and head over to the cashier section. Choose the payment button, and you will see all available deposit options. As you will deposit using cryptocurrency, you have to select cryptocurrency or Bitcoin. You will be asked to confirm the transaction, and once you hit confirm, you can no longer reverse it. You will be asked to provide some information such as the bitcoin details, QR code, and crypto wallet address. You have the option to scan the QR code or enter the wallet address.
- Choose a sport to place a bet on – Now that your account is sufficiently funded with the cryptocurrency of your choice, you can now start placing a bet on the sports you love.
Cryptocurrency wallet – What is it and how to find one?
Cryptocurrency wallets are like digital wallets that rely on software or online platform to facilitate payment. The crypto wallet serves as storage of private crypto keys keeping the crypto safe and secure. It is used to send and receive crypto funds. The private crypto key plays an important role in managing your funds. You have the option to change your crypto wallet as there are various options online. It is all up to you to choose the one that you feel offers the most convenience and comfort. Some of the popular cryptocurrency wallets available today include the following:
- Armory
- Jaxx
- Ledger Nano S
- WazirX
- Mycelium
- BuyUCoin
If you are going to search online, you will notice plenty of options, but there’s no need for you to do the hard work, for the ones we mentioned above are the best.
Placing a bet on the Cricket betting site using Cryptocurrency
You are not set to place a bet using a cryptocurrency of your choice. To begin with, you will need a crypto coin and a cricket betting site that accepts cryptocurrency payments like Bitcoin and Litecoin. Select a cricket league such as IPL, Big Bash League, and Champions League. For a smooth sailing gambling experience, you need to make sure the cryptocurrency you selected will not influence the game you place your bet on. If you are uncertain about this department, you have to carefully check the terms and conditions of the online gambling operator. That way, you will be able to come up with an informed choice.
Final Thoughts…
Cryptocurrency, although have been around for quite some time now, may still sound new to some. This technological innovation along with the advantages it offers, was noticed by online sportsbooks, and see it as a perfect alternative to the usual payment solutions used for betting.
The anonymity it offers has enticed a lot of punters as through cryptocurrency, they can place wagers without disclosing their personal and financial information, thus, offering more protection and security. Cryptocurrency and sports betting are a perfect combination for online bookmakers.
