How To Buy Cryptocurrency And Fund An Online Casino Account With Rupees

India-BitcoinCryptocurrency has forever changed the way we buy goods and transfer money online. In just a few short years cryptocurrency has gone from unchartered territory to a valid form of digital currency. Though crypto is still not accepted by mainstream retailers, many business and online entities are starting to accept the unregulated digital money.

Cryptocurrency has several benefits when used at online casinos, sportsbooks, and poker rooms including faster payouts, quicker deposits, and unique bonus options. For many players living outside of the USA or the UK, crypto is the most convenient option for funding an online bankroll.

This page was created to discuss the benefits of using crypto and to show you how easy it is to buy and fund an online account with Indian Rupees (INR). We also provide information on which reputable online casinos accept cryptocurrency deposits and withdrawal requests.

Trusted India Online Casinos Accepting Cryptocurrency Deposits

Site NameBonus OfferAccepts IndiaVisit Site Logo100% Max 1 BitcoinIndia Friendly YesPlay Now
Betonline Casino100% Max $3,000India Friendly YesPlay Now
Sportsbetting Casino100% Max $3,000India Friendly YesPlay Now

What Is Cryptocurrency?

Cryptocurrency is a digital currency not backed by any government or financial institution. Since there is no federal regulation on any level money lost is gone for good with no government bailouts. The value of specific cryptocurrencies are based on current market value and can swing heavily. We suggest players unload their crypto as soon as possible unless they are holding it for an investment.

Crypto uses strong cryptography to secure financial transactions and stores transaction records on a centralized ledger, typically a blockchain. Blockchain-based ledgers provide cryptic transaction records that can not be modified.

What Are The Most Popular Forms Of Cryptocurrency?

Bitcoin is the most popular form of cryptocurrency and is considered the first de-centralized cryptocurrency. Bitcoin was first introduced to the world market in 2009 as an open source software. There are more than 4,000 other altcoins to choose from today, but only a handful are generally accepted by online casino sites.

Below you will find the top 5 digital currencies accepted by online casinos. Many of the casinos listed in our guides will accept some or all of the following options.

Where Can I Buy Cryptocurrency?

There are many places to buy or trade cryptocurrency online. For India residents, the main concern is buying from a trusted site that will accept the Indian Rupee (INR). Since there are not a lot of Rupee casinos available to India residents, many residents turn to cryptocurrencies for its benefits and decentralized nature.  Nearly all reputable online casinos accept Bitcoin and other cryptocurrency options. The sites below are the top-rated sites for buying crypto with INR.

What Is a Digital Wallet And Do I Need One?

A digital wallet is a software program that stores private and public keys that are associated with a blockchain. These keys allow users to exchange multiple forms of cryptocurrency from a centralized application or digital wallet. Digital keys are long passwords aimed at keeping your cryptocurrency information secure. For players concerned with online security issues a hardware wallet can be purchased from select retailers.

Digital wallets are free and easy to find online. Below are some sites that offer free digital wallets for keeping your cryptocurrency safe and secure.

Software Wallets

Hardware Wallets

Public & Private Keys

There are two keys associated with a digital wallet account, a private and a public key. The private key is for your eyes only as the security of your account lies in the fact that those set of numbers and letters stays private. The private key is the address that you will enter to send money online. The public key is how you will receive digital currency. The two keys are linked together but are made up of a unique set of letters and numbers.

Private Key Example:

Public Key Example:

How To Buy Bitcoin With Indian Rupees

Below is a step-by-step guide to buying Bitcoin and how to use the currency to fund an online casino account.

  1. Download a digital wallet.
  2. Visit a Bitcoin distributor.
  3. Sign up to register an account.
  4. Purchase Bitcoin and send coins to your digital wallet (private key).
  5. Check your digital wallet to assure the funds transferred correctly.
  6. Use your wallet (public key) to fund an online casino, sportsbook, or poker room.

What Is The Best Cryptocurrency For Gambling Online?

Bitcoin and Bitcoin Cash are the two most accepted forms of cryptocurrency. Every online casino is different, but chances are if they accept crypto they accept Bitcoin or Bitcoin Cash.  Some of the online casinos featured on this site accept multiple cryptocurrencies in additoin to Bitcoin and Bitcoin Cash, including Litecoin, Ethereum, Dash, Ripple, and OX.

What Are Bitcoin Bonus Options?

Many online casinos, mobile casinos, sportsbooks, and poker sites offer Bitcoin bonus options. A Bitcoin bonus is typically a welcome bonus that will match initial deposit funds up to a certain percentage. Online casinos like bitcoin users and were among the first online retailers to accept the digital currency. Below you will find the current Bitcoin bonus offer currently listed at Bodog’s online casino.

  • Bodog: 150% Bitcoin Welcom Bonus up to $1,200 (USD) or ₹82,971 (INR)