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Types of major cryptocurrencies for betting

As the world gradually accepts the use of cryptocurrencies for everyday transactions,betting websites have also started allowing users to wager with cryptocurrencies.

Currently, there are a number of cryptocurrencies that bettors can use for their wagers and the list of accepted crypto is growing every day.

But before getting the types of cryptocurrencies, it is necessary to know what a cryptocurrency is:

A cryptocurrency is a virtual, encrypted and decentralised form of currency, meaning there is no interference of a central authority like the Federal Reserve System in the USA, European Central Bank or the Reserve Bank of India (RBI).

Business in cryptocurrencies is usually done through tokens or coins. Although some cryptocurrencies have entered the physical world with credit cards, the majority of them remain entirely intangible.

The major cryptocurrencies accepted by crypto gambling sites are as follows:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether (USDT)
  • Litecoin (LTC)
  • Binance Coin (BNB)
  • DogeCoin (DOGE)
  • Polkadot (DOT)
  • Ripple (XRP)
  • Bitcoin Cash (BCH)

How to deposit/withdraw using crypto on a betting site?

Making deposits and withdrawals using cryptocurrency on a betting site is as easy as ordering a pizza online. Here's how you can start using crypto for your bets.

Buy some cryptocurrency

You need to own the accepted cryptocurrency before you can start betting. If you don't possess the authorised cryptocurrency, it's possible to buy it from any online crypto trading platform with conventional fiat currency like INR and USD. You can also buy from e-wallets like Moonpay and UTORG.

Deposit cryptocurrency on a betting site

Once you have your cryptocurrency, all you have to do is find a betting website that accepts deposits in crypto and register on it.

Certain websites will allow you to link your account to your crypto wallet while a few websites will provide an option where you can buy crypto directly.

For depositing through your crypto wallet, select the deposit option and choose the cryptocurrency you wish to deposit. A QR code or a deposit address, generally made of random numbers and alphabets, will appear. Scan the code or paste the link in your crypto wallet to deposit cryptocurrency to your betting account.

Some websites also let you convert fiat currencies like INR, USD, and EUR into cryptocurrencies but they are quite rare.

Since crypto is fairly new to the betting industry, many websites offer bonuses on deposits.

Start betting with cryptocurrency

After creating an account and adding your cryptocurrency to your betting account, you can use it to bet on any sport or game of your choice. You can choose from sports like cricket, horse racing, football, to casino games like blackjack, roulette, slots, teen-patti, etc using cryptocurrency.

Withdraw your winnings

You can withdraw your winnings the same way you deposited your funds. Most betting sites that accept cryptocurrencies share the same payment gateway or portal for both deposits and withdrawals. Hence, if you win a bet, all your winnings will be added to your betting account. From where you can transfer your winnings to your bank or crypto wallet using the portal. A couple of examples of these gateways are Moonpay and UTORG.

Betting payment methods for crypto gambling sites

As cryptocurrencies are becoming more mainstream, many people have started to buy various types of crypto. Seeing the opportunity, many betting sites have begun to accept cryptocurrencies as a payment option, but you'll find only a few where you'll find flexible payment options.

Here are a few payment options for cryptocurrencies:

  • Credit Cards
  • Wire Transfers
  • Moonpay
  • Paycryptos
  • BitForex
  • Local Bitcoins
  • Crex24
  • Zebpay and many more.

Similarly, you can withdraw your winnings by the options offered by a certain bookmaker.

FAQs for crypto gambling sites

Are there any deposit limits and withdrawal limits for cryptocurrencies in a crypto gambling site?

The minimum limit for deposits and withdrawals varies for each bookmaker. For example, the minimum deposit for Ethereum can be 0.01 ETH and the maximum limit for withdrawal can be 1 or 2 ETH.

Is Bitcoin legal?

This entirely depends on your region. While Bitcoin is legal in many countries and jurisdictions like the UK, USA, it is also restricted in a few countries like Nepal, China, Bolivia, and a few others. Hence, if you want to buy or bet with bitcoin, make sure you're in a region where it's legal.

Is it safe to bet with cryptocurrency?

Cryptocurrencies are just as vulnerable to a changing market, however, there are currencies like Bitcoin and Etherium which are convenient and stable. When you use crypto to bet it allows you to play anonymously and as many bookmakers offer crypto-betting, the safety in placing bets is assured.

Betting Sites Review

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Summary is a site that we would recommend to casual and serious bettors, as well as lovers of casino games. is a reliable betting platform that is trusted and hassle-free. The betting odds on their website are competitive and accurate. Deposit and withdrawals are easy to make, as well as the wide selection of methods to deposit and withdraw in – a big plus for us.

Creating an account is fast and easy, we were placing our first bet well under 3minutes. We liked that we could create an account using our Facebook, Twitter, Line, or Telegram accounts for registration.

The simple, user-friendly interface allowed us to easily navigate the site, information was easily found, bets were easily made. In comparison to other sports betting websites, you can see that has invested time, effort and smarts in creating an interface that just makes sense.

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Parimatch is a reliable and user-friendly sports betting brand in India. The bookmaker is licensed and regulated by the Curacao eGaming Authority under the Government of Curacao. Having begun operations in 1994, Parimatch only recently entered the Indian market.

The bookmaker offers multiple betting options, including live casino, sports betting and virtual games. Parimatch allows bettors to bet on popular sports like cricket and football and access various global leagues. A wide range of bet markets such as 1x2, Asian handicap and over/under leave the punters spoilt for choice

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Fun88 entered the Indian market with a comprehensive sportsbook. Cricket, football, basketball, tennis and table tennis are some of the sports on its roster.

For users in India, the bookmaker offers a great selection, especially in cricket betting. Fun88 also has multiple casinos with local titles, card games and arcade games for its consumers.

The company has provided sponsorship to global sporting clubs and leagues. The Caribbean Premier League (CPL), Newcastle United and Tottenham Hotspur are partnered with the bookmaker. West Indies T20 World Cup-winning captain Daren Sammy is the brand ambassador for Fun88. The brand visibility in the global sporting ecosystem makes it the trustworthy betting site.

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A relatively new bookmaker, Megapari was established in 2019 and it comes with a Eastern European background and a Curacao license. The players can register easily via email, phone verification or social media. Megapari is known to provide competitive odds alongwith 300+ extra bets on top events, live streaming and near-instant withdrawals. Megapari has a mobile app for Android and iOS.

The site offers bets on cricket, football, ice hockey, biathlon, baseball, boxing, table tennis, snooker, cycling, water polo and many other sports encompassing all major events.

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Global trustworthy brand

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22Bet is one of the fastest growing players in the Indian betting market. Ever since the establishment in 2017, 22Bet have spread their reach not only in India but to corners of the world, making betting accessible to punters who are passionate about sports betting. 22Bet accepts a variety of currencies and has almost a hundred payment methods available all around the world.

The bookmaker allows sports bettors to choose from over 1,000 sporting events every day. The 22Bet website is simple, clean and easy to navigate and caters to the customers’ needs with care and dedication. 22Bet is also available as mobile phone apps in both the Android and iOS versions.

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Available in six different languages

Large number of sports to bet on

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4Rabet is one of the most popular sports betting sites in India. It offers betting services on a number of sports like cricket, football, ice hockey, basketball and tennis to name a few. Established in 2018, 4Rabet is a relatively new bookmaker in the betting industry, offering sportsbooks and casino games. It is also amongst a few bookmakers offering betting on esports.

4Rabet is available in Hindi version too and accepts currency in Indian rupees. It is also available in four other languages - Portuguese, Turkish, Indonesian and Uzbek. 4Rabet has an app available for Android and iOS users while also having a desktop app version of its own.

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1win is a relatively new bookmaker which has earned a good reputation. Punters will find a huge selection of games, generous welcome bonuses, and promotions. 1win also holds a Curacao license making them a legit online betting site.

Here you can find several sports, online and live casinos to place bets on. They are also equipped with up-to-date payment methods, like UPI, GPay, and Paytm especially for Indian players where they can deposit or withdraw their money very quickly.

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Trustworthiness - licensed by Curacao eGaming

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Cricbaba offers a unique experience for users with a variety of events to bet your money on, from sports like cricket, football to Esports and casino games. Founded in 2016, it is one of the fastest growing gambling platforms across the world

The website offers a hassle-free signup process and uncluttered interface, helping users find their games of choice with ease through the drop down menus.

One thing that sets Cricbaba apart from the rest is its “Responsible Gaming” feature, where every user can set a limit on the deposits they make by contacting their customer care. These limits ensure the players are not trading beyond their financial boundaries and promotes healthy gambling.

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Launched as recently as November 2022, JungliWin is one of the emerging platforms in the online betting space.

With a seamless sign-up procedure, user-friendly interface and a plethora of bonuses on offer, the platform is already getting positive traction from the Indian betting community.

In addition to having some of the top recommendations in sports, it has a ‘live-betting’ feature on its portal, which allows a user to make real-time bets on in-game action and put their betting experience on another level to receive huge payouts.

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Betadda is a sportsbook that offers a wide variety of markets, including virtual sports, and live events to choose from. It boasts of a live casino and slots, weekly promotions, and ultra-fast crypto wagering and withdrawal facilities. Betadda caters to more than 30 sports and over 300 video slots, tables, and live dealer games consisting of free spins, jackpot prizes, and bonus rounds. The sports betting site is crypto-compatible.

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