Bitcoin is gaining more and more mainstream attention and as a result, online casinos are starting to accept it as a payment method. However, Bitcoin casinos are way more than just online casinos where you can deposit and play with cryptocurrencies like Bitcoin, Ethereum, and Ripple. Bitcoin casinos differ quite a lot from regular casinos in multiple ways. In this guide, we will explain to you how Bitcoin casinos are different from ‘normal’ online casinos, the pros and cons of betting with Bitcoin, and tell you what the best Bitcoin casinos in 2022 are for Indian gamblers.
Bitcoin Casino Gambling in India – Is it legal?
There are some particular rules in India regarding online gambling. For instance, it is not allowed to visit any Indian online casino, but playing on foreign websites is perfectly fine. As long as the casino companies aren’t based in India it is legal for you as a player to go and gamble with them. This is also the case with Bitcoin casinos. So, to answer this question we can say that Bitcoin casino gambling in India is legal, but only if the company behind the Bitcoin or crypto casino is based outside of India.
How to gamble with cryptocurrency?
Gambling with cryptocurrency is just as easy as gambling with fiat money. You simply go to the website of a Bitcoin casino, navigate to the cashier, select the cryptocurrency you want to deposit, follow the instructions on the screen, and you are ready to play your favorite casino games.
The Bitcoin casinos have built-in crypto wallets, so you don’t need to worry about protecting your crypto once you have deposited it at the casino, it works the same as a cryptocurrency exchange in that you have your balance with them available and can cash out or withdraw to any external crypto wallet whenever you want.
Just follow these simple steps to gamble online with cryptocurrency:
- Choose a Bitcoin casino
- Sign up for an account
- Go to the cashier page
- Select the cryptocurrency you want to deposit and fill in how much you want to deposit
- Follow the instructions to deposit crypto from your wallet into the casinos crypto wallet
- You are now ready to play your favorite casino games or bet on sports matches
Note that sometimes you will receive a verification email after signing up for a crypto casino account. If you cannot find this email initially, be sure to check your spam folder.
How we review a Bitcoin Casino
Our team of casino experts looks at a lot of things when reviewing any casino, including Bitcoin casinos. They start with inspecting the welcome bonus. Is it really that good for players? The wagering requirements and small print of the bonus terms and conditions are thoroughly read to see if the bonus is really favorable for players. After inspecting the bonus, our team checks out the available games and from which casino software providers these come. We don’t only want to see a wide variety of casino games, but also the best names in the industry like Evolution Gaming, Playtech, and NetEntertainment.
Apart from the bonuses and casino games our team also checks the available banking options, user experience on the casino website, and the quality of their customer services. In some cases, we do a full background check to see if the company behind a casino website is trustworthy or not.
The 2 Most Popular Bitcoin Gambling Sites in India
Now that you know that gambling with cryptocurrency is completely legal in India and how we thoroughly review every nook and cranny of any online casino, let’s find out what the two most popular Bitcoin gambling sites in India are and why we think these are the best Bitcoin casinos in India.
Lucky Days Casino
Lucky Days is a relatively new online casino that launched in 2019 that has over 1,000 different casino games available to play in both demo mode and for real money. They offer online slots, blackjack, roulette, video poker, baccarat, and many other casino games, even typical Indian ones like Andar Bahar and Teen Patti. You can play all of these games both in RNG software-based versions or in the Lucky Days Live Casino. In this live casino, all games are presented by real live dealers, mostly in English, but there are also some live casino games with Indian live dealers.
Apart from a wide variety of casino games, Lucky Days also gives new Indian gamblers a welcome bonus of up to 1 lakh. This is one of the highest welcome bonuses we have seen so far among online casinos available to Indian players. The wagering requirements on this bonus are 40x, which is quite decent and bets on live casino games and table games count for the playthrough as normally.
Apart from using a credit card or e-wallets like Skrill or Neteller, you can fund your Lucky Days Casino account with Ripple, Litecoin, BitcoinCash, Bitcoin, and Ethereum. The minimum deposit amount is ₹2,200, which is low entry so that any person who wishes to gamble at Lucky Days Casino can easily do so.
22Bet is a licensed online bookmaker which is available for Indian players. On 22Bet you can bet on a wide variety of sports like cricket, football, and tennis. Apart from offering bookmaker services, you can also play more than 1,000 different casino games on their site. They offer online bingo games, slots, roulette, blackjack, scratchcards, and even TV games.
All new Indian players are welcomed by 22Bet with a generous welcome bonus of 100% up to ₹25,000 on their first deposit. This means that if you come to play at 22Bet and make a first deposit of ₹5,000, you begin with ₹10,000 on your casino account balance. This is a very high bonus, which you can use to your advantage.
Apart from taking regular payments like Visa, MasterCard, Entropay, and bank wire transfers, 22Bet accepts cryptocurrency deposits. You can deposit and play with Ethereum, Bitcoin, Litecoin, and Dogecoin on 22Bet.
What you should know when playing at Bitcoin Casinos
Before you sign up at a Bitcoin casino, there are a couple of things you need to know. First of all, Bitcoin casinos accept Bitcoin and other cryptocurrencies as payment methods, but on their websites, the crypto will be converted to the normal Indian Rupee. When you win you can choose to cash out in cryptocurrency to one of your crypto wallets, or in regular Rupee to an e-wallet like PayPal or Neteller, or by bank transfer to your bank account.
You do not actually play any casino games betting in crypto as everything will be denominated in Indian Rupee. This keeps everything easy, so that you know how much you are betting, rather than seeing a weird long number of Satoshis or decimal amounts of other cryptocurrencies.
On 22Bet you can bet on sports matches with Bitcoin and other cryptocurrencies. This is not possible at Lucky Days Casino. On Lucky Days, you can only play casino games. Placing a bet on a sports match on 22Bet is very easy. You simply open an account with them and choose the type of sport you want to bet on. You will then be presented with a big list of all the available matches to bet on from that particular sport. In this list, you will see all the available odds 22Bet offers you. When you see one that you like to bet on, you simply click it and decide how much you want to bet. Once you have picked your match and decided how much you want to bet, you click on ‘Save Bet Slip’ to place your bet.
On both 22Bet and Lucky Days, there are over 1,000 different slot machines to play. Although they don’t look the same, they all work very similarly. To play slot machines online with Bitcoin, you click on the slot machine you want to play and use the ‘coin value’ buttons to decide how much you bet per spin. After you have decided how much you want to wager per spin, you simply click the ‘spin’ button in the middle of the screen to try your luck.
If you want to play for a longer period of time and not click this button yourself every time, you can use the handy ‘auto play’ feature to have the casino spin the slot machine automatically for you. Contrary to popular belief, this pays out the same as if you would manually press the button yourself.
Live Casino Games
No other type of online casino game gives you the excitement and casino experience like live casino games. Live casino games are presented by real live dealers. This means that a real person will load the roulette ball into the wheel or deal out the blackjack cards. You follow the game in real-time by a video stream from a casino studio and watch the action unfold with your own eyes. Both 22Bet and Lucky Days offer live roulette, live blackjack, live baccarat, and many more live casino games.
Bitcoin casinos like 22Bet and Lucky Days offer Bitcoin bonuses. These are special deposit bonuses that only players that deposit with Bitcoin or other cryptocurrencies receive. Most of the time these bonuses are between 50% and 100% of your own deposit, so if you deposit ₹10,000 with Bitcoin, you start with ₹20,000 on your casino balance, for instance. Note that most Bitcoin bonuses come with bonus terms and conditions like wagering requirements. This means you have to ‘play through’ the bonus several times before you are able to withdraw any winnings to your crypto wallet, e-wallet, or bank account.
Advantages & disadvantages of Bitcoin Gambling
Here at onlinegammblingguru we often get the question: why would I bet with Bitcoin if I can just play with Rupees? We will explain this to you in detail.
First of all, depositing and withdrawing Bitcoin into and off your casino account is completely free and happens within a few minutes. This means that you don’t have to wait to cash out your winnings as you would have to when using other payment methods.
Apart from paying no deposit/withdrawal fees, gambling with Bitcoin is fully anonymous. You don’t need to provide the casino with your real name when gambling with Bitcoin. This secures your privacy, something that is in high regard with most gamblers.
Sadly there are also some disadvantages when gambling with Bitcoin. The first major disadvantage of gambling with Bitcoin is that it is very volatile. The value of a Bitcoin can go up and down by a lot in a relatively short amount of time. Because of this, you can end up gambling way more money than you initially thought you would. Another disadvantage is that most Bitcoin casinos allow you to deposit Bitcoin and other cryptocurrencies, but not withdraw them. At these online casinos, you can only withdraw fiat money eventually, like US dollars, Euros, or Indian Rupees.
The difference between Bitcoin and Crypto casinos
The actual difference between Bitcoin and crypto casinos is very easy to explain and understand. Bitcoin casinos accept only Bitcoin, whilst crypto casinos accept multiple cryptocurrencies like Ethereum, Litecoin, Ripple, Dogecoin, and other digital currencies and tokens. Another difference is that some crypto casinos allow you to play casino games and bet in crypto rather than in fiat currencies.
Other popular Crypto Options
It could very well be the case that you have other cryptocurrencies than just Bitcoin or that you have Bitcoin, but don’t want to gamble with it. Luckily there are many other crypto options available at online casinos. We will discuss these alternative crypto options at casinos below.
There are quite some online casinos where you can gamble with Ethereum. Casinos that accept Ethereum deposits most often also accept all other ERC-20 tokens that are part of the Ethereum blockchain like ChainLink, Shiba Inu, and OmiseGO.
If you want to gamble online with Litecoin, we have good news for you! Both 22Bet and Lucky Days accept Litecoin deposits from Indian players. You don’t need to deposit a whole Litecoin or more, as it is possible to deposit from ₹2,200 in Litecoin at both these casino websites.
Ripple’s XRP is another cryptocurrency token that is available for online gambling in India. Sites like 22Bet and Lucky Days both accept it as a deposit method, as long as you deposit 50 XRP or more (+- ₹3,000).
Bitcoin gambling is totally legal in India, as long as you gamble with casino websites that are based outside of India. We recommend only playing at licensed Bitcoin casinos like 22Bet and Lucky Days, these are the best Indian Bitcoin casinos anyway. Gambling with Bitcoin or other cryptocurrencies has advantages like the fact that it is anonymous and that you don’t have to wait to cash out your winnings. In some cases, you can deposit Bitcoin, Litecoin, Ethereum, or Ripple at an online casino, but only withdraw fiat currencies like US dollars, European Euros, or Indian Rupees. Apart from playing online casino games, it is also possible to place bets on your favorite sports matches with Bitcoin and other cryptocurrencies. You can do this at online bookmakers that accept cryptocurrency deposits like 22Bet.