Bitcoin

If you’re a cricket betting fan in India, then you must have heard of Bitcoin as a payment option. Incredibly different to standard payment types such as bank transfers, e-wallets, and credit or debit cards, Bitcoin is a cryptocurrency that has gained significant popularity in recent years.

Bitcoin is a big hit with bettors due to the speed, security, and anonymity. Let’s take a look at why you should consider Bitcoin for cricket betting in India.

Bitcoin Betting Sites 2025

Overview: What is Bitcoin?

Bitcoin is a digital currency (known as cryptocurrency) that is decentralised, which means it not governed by any central authority. Transactions occur on a peer-to-peer network between two people and Bitcoin uses blockchain technology to ensure each transaction is recorded, which aids in security and transparency.

Indian bettors can use Bitcoin for betting sites because depositing and withdrawing funds is fast, any fees are low, there’s top-level security, and all betting activity remains private without your real name or banking details.

Bitcoin is becoming more normalised in India for online betting, although it is in somewhat of a “grey zone” because it’s not legally recognised but also not illegal. Still, if a betting site offers Bitcoin, then you’re allowed to use it.

Pros and Cons of Using Bitcoin at Betting Sites

There are several pros and cons for using Bitcoin. Let's take a look at the key aspects:

Is This the Right Betting Payment for Me?

Anonymity

It’s hard to beat Bitcoin when it comes to privacy. You won’t need to share any personal or banking information with the betting website using Bitcoin. Any Bitcoin transaction is connected with your online wallet address, but this isn’t tied to your real identity.

For Indian bettors that wish to remain anonymous, then Bitcoin is the choice for you. Bitcoin transactions are record on a blockchain, but when compared to traditional payment methods, Bitcoin offers the most privacy.

Safety and Security

Even being decentralised, Bitcoin is secure and safe to use. Blockchain technology makes it difficult to tamper or reverse any transaction, and users can have 2FA to ensure there’s an added layer of security. Hacking or fraud is practically non-existent and this makes Bitcoin more secure than other types of modern payment options for online betting.

Withdrawal and deposit fees

Be aware that Bitcoin fees are minimal, but they still exist. Any Bitcoin transfer, be it deposit or withdrawal, will incur a small fee to process and complete the transaction. The fee can change depending on how busy they blockchain network is at that moment, but overall it’s a small percentage of your transfer amount.

As for the betting sites themselves, they can charge a processing fee for any user completing the transaction with Bitcoin, but the sites set these fees. Many betting sites that accept Bitcoin do offer free deposits and withdrawals, but others can charge a small fee. Check the site’s T&Cs for further details before transferring funds.

Speed

Deposits made to betting sites are typically completed within minutes, and withdrawals rarely take longer than one hour. This is far quicker than traditional options such as bank transfers, which can take days at most to be completed.

How to Deposit and Withdraw

When finding a betting site that accepts Bitcoin, here’s how to deposit and withdraw. Remember that there are often processing fees web making a deposit or withdrawals made with Bitcoin, but the amount is small.

How to Deposit

How to Withdraw

Summary

Bitcoin is becoming a popular payment type for bettors thanks to quick transactions, top security, and anonymity. Making deposits and withdrawals is easy enough and the transaction fees are quite low. The price volatility and lack of government approval might deter some people, as well as a steep learning curve, but Bitcoin is nevertheless a great cryptocurrency option for cricket betting in India.

FAQs