Making A Payment with Bitcoins
To make a payment at an online bookmaker with Bitcoins, first, you will have to find an electronic wallet that accepts Bitcoin. There is a large amount to choose from – including cold wallets, which are on separate devices you only plug into your system when you are using them; and hot wallets, which are always on your system and that you use for regular payments.
Then you need to go to a cryptocurrency exchange place and trade your money for Bitcoin. Next, go to the site and click their option to pay by Bitcoin. They will give you an address to send the Bitcoin. Go to your wallet and enter that address, and hit send. This should be as close to instant as a payment can be. Once you’ve done this your account at the online bookmaker with Bitcoins should show up in your account and you should be good to go.
Average Time Of Bitcoin Payment
You should be paid very quickly from an online bookmaker with Bitcoins, and there is no excuse for this not to happen. When you are dealing with Visa or MasterCard at other casinos, we can understand why it takes five days to get paid. But when you are dealing with the Best Betting Sites with Bank Transfer in India it should not, and with a crypto casino or sportsbook, no way.
As soon as you ask for your withdrawal, they should start processing it within the same day, and the Best Betting Sites with Bitcoins in India will take much less time. If you don’t have your crypto back to you in under 24 hours there is a problem. Ignore them if they tell you they don’t process withdrawals on weekends or bank holidays. If they tell you it’s going to take two to three days to process your withdrawal, move on to another casino or sportsbook because they are not among the best betting sites with Bitcoin in India.
One of the primary reasons to use Bitcoin is because of how fast the transfers are processed. You don’t want to have to wait several days and see the price of Bitcoin go down before it’s processed to you. This system should be as immediate as possible when you are using Bitcoin. That’s what the best betting sites with Bitcoin in India provide their customers. This is also true for Online Bookmakers with PayPal.
Bitcoin Payment Verification
Bitcoin is an anonymous way of making payments, so all the site will do is verify that an amount in Bitcoin has come from somewhere and credit it to your account. This is why you have to keep your Bitcoin as secure as possible; they are not tied to any given name, but to your wallet. In fact, so many people use cold wallets because you have to plug them into your machine for anyone to access your account information; it makes the process entirely secure.
The History Of Bitcoin
Bitcoin was created over a decade ago with the goal of a universal payment system that could not be hacked. The other element built into it was that people could not track how much Bitcoin you had and where you spent it, and there would also be no central bank to control Bitcoin. Instead, it would be “mined” by people with large amounts of computing power. Each newly minted coin makes the next coin harder to mine, which keeps the amount of Bitcoin in circulation under control.
It has since become quite valuable, with the price per coin in the thousands of dollars. It is now the most popular cryptocurrency in the industry – and still, it is completely anonymous so you can use it without any government office or tax official knowing what you are doing.
That said, its value is based on the fate of investors, and it can rise and fall wildly. Still, if you want an untraceable form of currency to use online, it is your best bet by far.
Bitcoin Compared To Other Methods Of Payment
Bitcoin’s advantage is that it is anonymous. With any other form of payment, you leave behind a paper trail; businesses and governments can look at your Visa and MasterCard accounts and track all your wire transfers, and even your Neteller or Skrill account can be monitored. This is not the case with Bitcoin.
The other advantage of Bitcoin is that the transfer process should be instant. (If you have a cold wallet, make sure it is plugged into your system when you make a withdrawal.) All of this makes Bitcoin very valuable indeed. The problem with Bitcoin is that its value can change dramatically at any time. Sometimes one Bitcoin is worth $20,000; at other times it’s worth $9,000. So unlike other methods, the value does not stay consistent.
For a comparison on more traditional forms of payment methods, take a look at our guide to the Best Betting Sites with Credit Card in India. Alternatively, you could try an Online Bookmaker with Neteller.
Most Popular Payment Methods
There are many ways to make payments to Online Bookmaker with Bitcoins. The other methods include Visa and MasterCard, and you can also use an online bookmaker with Skrill or Neteller. You can even do a direct bank wire transfer.
The casino or bookmaker will make every effort to ensure that everything is verified every step of the way. Because Bitcoin is anonymous, they will not be able to verify that it is from you. Therefore, you have to keep your Bitcoin safe – and Online Bookmakers with Bitcoins have some of the most secure technology available to ensure that your payments go through correctly.
If you are using a crypto casino or sportsbook to gamble, yes, you will. Many of these sites only accept crypto, while other sites accept a mixture of Visa and MasterCard and crypto. But whatever you use to make your first deposit is what you will have to use to make your withdrawal.
The good news is that nearly all Online Bookmakers with Bitcoins have welcome bonuses and other bonuses. And if they accept Bitcoin and credit cards the bonuses will be better if you use Bitcoin. This is particularly true of the best betting sites with Bitcoins in India. For example, if the regular welcome bonus is a 100% match up to $200 if you use Bitcoin, you’ll often get a 200% match up to $500. Welcome bonuses are generally in the form of matching funds and free spins.
Some crypto bookmakers will instead give you free bets. Either way, using Bitcoin will always get you the welcome bonus and usually a bit more. That’s because the best betting sites with Bitcoins in India want you to use cryptocurrency. So, they will do almost anything to get you to try it. It’s a great deal for people with Bitcoin. Also, some of the best betting sites with Bitcoin in India will allow you to match funds on your first deposit up to 2 Bitcoins which is amazing compared to what non-crypto bookmakers and other online casinos offer.
Online Bookmakers with Bitcoins tend to not put limits on how much you can transfer, which separates them from other casinos. If they do have a limit, it is apt to be so high that you will never reach it. They may set some limits on withdrawals per day, but that will be on the level of five to 10 Bitcoin, which is more than most people are ever going to gamble with.
In India, you have to be at least 18 years of age to gamble. You also have to be that age to buy Bitcoin, so this shouldn’t be an issue for you. Beyond that, you are not giving the casino or sportsbook any data to verify who you are. So, in practice, if you can get your hands on Bitcoin you should be fine.
There are a lot of unlicensed Online Bookmakers with Bitcoins out there, which is the downside. You never want to bet at any unlicensed sportsbook or casino. A license means someone has looked at their site before launch, and periodically checks in on them. It offers you all sorts of protections. The best betting sites with Bitcoin in India are all licensed. Always check their fine print or our reviews to make sure it has a license. If it doesn’t, you want to walk away from it and not risk any of your money.
This is a bigger problem in the crypto casino and crypto sportsbook industries than it is with online sportsbooks and casinos that accept other methods of payment such as credit cards, bank transfers, and e-wallets. This is why you have to always check and make sure that they are licensed somewhere. It shows that they obey the law and are not trying to rip you off. We cannot stress this enough: Make sure they are licensed! The best sports betting sites with Bitcoin will be licensed.
There Should Be An App
All sites should have apps in this era, and that goes for crypto sportsbooks and crypto casinos. The best betting sites with Bitcoins in India all have them. Nobody wants to go through their phone’s browser to get to any site; you want to tap on an app and have it show up. It should have all of the features of the desktop version; you should be able to collect your welcome bonus; you should be able to deposit and withdraw money; and of course, all of the games should be playable.
The best betting sites with Bitcoins in India all have apps so you can be sure you’re going to be able to play wherever you have an internet connection on your device.
It’s easy to find a fun, reputable website to either bet on a sportsbook or play at an online casino; you may have to search a bit harder to find one that is designed to accept Bitcoin if that is what you want to use. That’s because most standard online betting sites don’t accept any cryptocurrency. The good news is that you can get great welcome bonuses from sites when you use Bitcoin. Just make sure the online Bookmaker with Bitcoins you are using is legit and you can have a great time. Check out their licenses, don’t download anything and make sure you don’t get hit with fees. Other than that, have a great time betting on sports or visiting the best online live casino India games with Bitcoin!