Crypto Gambling India 2023

What do we mean by crypto gambling in India?

Just so we’re totally clear, we’re going to discuss exactly what we mean by crypto gambling in India before we go any further.

Firstly, cryptocurrencies are decentralized digital currencies. The most common example you’ll most likely have heard of is Bitcoin. There’s more to it than that, but in terms of the absolute basics, that’s all you really need to know.

When we talk about crypto gambling and India specifically, we’re referring to residents of India using these types of currencies to gamble – either via sports markets or casino games. The only difference between crypto gambling Canada and India, or any other country, is the residents for which our discussion and recommendations are relevant.

Taxes and legal tender info for crypto gambling in India

The subjects of both cryptocurrencies and gambling are often subject to a great deal of legal scrutiny. This is the case whether we’re talking about crypto gambling sites Australia or India – it’s pretty much the case the world over. And the easiest way to understand this is by breaking it down.

The gambling side of things is fairly simple. Gambling is generally legal in India, however, it does depend on the individual states to formulate the laws for their jurisdictions. That said, online gambling is still largely unregulated. In most states, there are no laws prohibiting online betting and there are certainly no state laws preventing it.

Similarly, cryptocurrencies are in a legal gray area. Nonetheless, what’s important is that there is no law prohibiting them. Rather, they’re not “legal tender” meaning they cannot be used as a replacement for the Indian rupee. Essentially, they’re not recognized either way by the government – except in the case of taxes. Similar to the crypto gambling taxes Canada situation, it’s generally viewed that they should be incorporated within income tax, although again, guidance on this is rather gray.

Put simply, while the laws are vague, the key takeaway for those looking for crypto gambling sites in India is that there are no laws (except in some rare state-specific instances) stopping you from betting online or from using cryptocurrencies at the time of writing.

How to stay safe when betting with crypto in India

The lack of regulation around crypto gambling means it’s even more important to make sure you’re safe when betting online. To be clear, this only means you need to be more diligent regarding who you bet with. You can stay safe while utilizing crypto gambling sites in India just by following a few simple steps. Here’s five that we consider most important:

The advantages of crypto betting sites over traditional betting

If you’re brand new to crypto gambling, you may be wondering what advantages they have over traditional betting sites. To be clear, when we say traditional betting sites, we’re talking about those which utilize the Indian Rupee and fiat payment methods, such as debit card. Many people will already be using these sites, so why consider making the switch? Here are three key reasons we think crypto gambling sites in India are worthy of your consideration:

1. Security and anonymity

Cryptocurrencies which utilize blockchain technology have inherent principles which makes them more secure than traditional payment methods. They’re based on decentralization and cryptography, without a singular point of failure, making them very hard to corrupt. They also offer additional anonymity, which is important for many people.

Furthermore, the greater choice offered – especially when it comes to crypto gambling in India – means you have a broader selection of safe, reputable options.

2. Greater international appeal

Let’s try and put into perspective the sheer amount of options we’re talking about. There are none of the usual barriers when it comes to cryptocurrency, and that international appeal isn’t just part of the charm. It’s a vital reason to consider crypto for online betting. When we talk about crypto betting sites in India, we’re simply talking about those which are suitable for an Indian audience. In reality, you have a whole world of operators at your fingertips. If you want, you can also explore the best options for crypto gambling UK. There are no limits and that means you can find whatever kind of betting site you’re interested in. So, you can be as picky as you want.

3. Protection from inflation

This is one big advantage many cryptocurrencies have over fiat currencies (that is, currencies created by a government). While fiat currencies will generally devalue in time – due to the need for money creation – many cryptos have a set number of coins, meaning they’re protected against this because of the fixed supply.

There are some exceptions to this rule – such as Dogecoin, which is deflationary because there’s no ceiling on the number of coins that will be created. But many of the top crypto options, including Bitcoin, Binance Coin and Ripple, all offer this logistical protection against inflation.

Play at these crypto gambling sites for India

What crypto betting sites have in common with fiat currency operators

Crypto gambling sites in India actually have more in common with their traditional counterparts than they have distinctions. Don’t get us wrong, the advantages that crypto offers are extremely significant, but you can still expect all the great things you’ve come to love about betting online, and then some. To prove this point, here’s a breakdown of some benefits that crypto and fiat currency betting sites share:

• Great bonus offers: There’s no need to miss out on great bonus offers whatever currency you prefer. If anything, crypto gambling in India means even more promotions because there are so many more sites to choose from. Always remember too, there’s nothing stopping you from signing up to as many betting sites as you want and enjoying multiple promotions.

• General site quality: Your finest crypto gambling sites in India will be as good from a technical point of view as the finest betting sites out there. This means no need to compromise on site design and quality, loading times or live streams, to give a few examples.

• User-friendliness: One thing we take seriously when it comes to our recommendations is how user-friendly a site or app is. We want everyone to enjoy the best crypto gambling sites in India – not just experienced gamblers and crypto enthusiasts. This is especially important for crypto gambling because newcomers can have the wrong idea about the complexity of crypto betting. A good operator should make the process easier.

• Safety: Not only can crypto betting sites in India be as secure as fiat currency equivalents, but actually, if everything else is equal, they should be even safer. This is because of the security and anonymity advantages cryptos have over traditional payment methods.

• Customer service: It’s vital to have quality customer service, from the FAQ page to contact methods. The gold standard for crypto betting sites in India would be the same as anywhere else, which is around the clock live chat, provided to a high standard. This should be backed by a site which generally explains itself well. The method of currency makes no difference to our expectations.

• Mobile accessibility: For many people, mobile apps are how they prefer to bet. It may even be the only way they bet. So, the greatest crypto gambling sites in India should have an excellent mobile offering too. Apps are preferred over mobile browsers (although the latter can still be good), and all the elements we’ve considered here are just as important on the smaller screen.

• Betting variety: Not only can you expect great betting variety from crypto betting in India, but you should be able to enjoy considerably more choice. Whether it’s the Indian Premier League, your favorite slot games or something more obscure, your cryptocurrency should be able to take you anywhere you want to go in terms of betting variety.

Considerations if you’re new to crypto betting in India

While using crypto gambling sites in India is pretty straightforward, there are some key things to keep in mind. Don’t worry though, they’re all nice and simple, and shouldn’t affect your online betting experience.

These mainly revolve around your initial purchase of cryptocurrency. If you haven’t actually bought crypto yet, you need to head over to an exchange, buy whicher crypto is right for you, add that in a wallet and then transfer it to your betting account using the relevant details. All this shouldn’t take very long, and then you’re good to go.

The only other consideration is that you’ll need to find a betting site which accepts cryptocurrency – of which, thankfully, they are many.

Conclusion: An excellent choice for fans of crypto gambling in India

When we talk about crypto gambling in India, we really mean the ability for Indians to travel the world in terms of online betting options utilizing cryptocurrencies. If you’re on the fence on whether crypto betting is worth your while, we’d say the explosion of choice it offers more than justifies the effort. Plus, remember that with all these advantages, there’s not much to compromise – except perhaps several minutes of your time transferring funds. The standards of cryptocurrency betting sites are now so excellent across the world, that there’s never been a better time to explore them.

Top crypto bonuses to try

Crypto gambling in India FAQ