As an immense and populous country, India has been rapidly growing to be one of the hottest iGaming markets in the world. And the current growth numbers indicate that the peak has yet to be reached. However, this development is hindered by the nebulous national regulations on online gambling.
This fact, along with new looming laws, leads to much confusion for both players and brands alike. Thus, crypto gambling sites in India are one of your safest bets at the moment, as any new unfavourable regulations can not impact their international aspect and borderless transactions. Let’s dive in deeper.
Apart from being unbound by local restrictions, crypto-friendly brands offer a full range of further perks. Instant payments, anonymity, thousands of betting options & casino games, as well as mouth-watering bonuses that can reach up to ₹1,000,000. Feel free to browse the list of our curated offers below, as we are sure you will find a Bitcoin Bonus that fits your needs. Note that you can filter them according to the brand rating, minimum deposit, bonus amount and other factors.
It is important to paint the wider picture of the general gambling situation in India before proceeding to crypto-specific topics. For starters, every State in the country has the right to set its own regulations. The only active nationwide one is the Public Gambling Act, which was implemented back in 1867. It is obvious that it can not efficiently cover any of the current online products.
Only certain states have set their own frameworks. More specifically, the States of Meghalaya, Nagaland, Sikkim, Daman, Diu, and Goa have at least one form of additional law on gambling in general, which can also affect online operations. However, the focus still remains on land-based establishments, both for games of chance and sports betting.
Proposals on new national reforms for gambling have long been discussed from all sides. Several politicians, members of the judiciary system, operators and players request a newly updated framework, as the following clarity would benefit the majority of players, brands and the whole country overall. India’s iGaming market is estimated at around $60 billion US dollars, with huge growth potential.
That may be the case as well, but as we have seen in several other countries, new regulations impact gamblers in a mostly negative way, as they impose heavy restrictions on many products. This is the main reason why we believe that locals should get accustomed to crypto bookmakers and casinos in India, as they are a potent safeguard against every possible gloomy outcome.
Trending Brands in India
No of Cryptogambling Sites
5
Top Site
Anonymous gambling sites
4
Most Secure
Provably fair casinos
2
Most Games
Instant Withdrawal Sites
5
Fastest Payout
Stablecoin gambling sites
5
Most Networks
Properly utilized, crypto brands that accept players from India will let you gain access to all the major slot providers, new live casino games, and place betslips in countless high-odds betting options across all sports.
Most importantly, the combination of direct crypto deposits & withdrawals with relaxed KYC procedures will let you keep your gambling sessions as private as they can get, which is very important for many players. With the facts above in mind, let’s take a look at the separate casino & sports products you can check.
India Crypto Gambling Tips
1
The wide majority of crypto gambling sites you will come across in India will hold a Curacao license.
2
There is not a single federal law that prohibits online gambling activities in India.
3
Since early 2022, Indian authorities have officially recognized cryptocurrencies as Virtual Digital Assets (VDA).
4
In India, cryptocurrencies are not banned, but they are not recognized as legal tender either.
5
New rules are to be set for gambling & cryptos in India, and both will probably introduce a high tax rate.
Crypto casinos in India
Say goodbye to any regional restrictions you are facing. With our recommendations, you can play over 5,000 slots from accredited studios. All the new releases will be available right away, along with a possible Bonus Buy feature wherever it is provided. Scrutinize the list below, as every brand has something different to offer, along with a generous Bitcoin bonus.
As with every gambling site you will ever register in, always read attentively the general terms and conditions, as well as the specific rules of every bonus you are about to claim. And while crypto casinos in India offer various lucrative promotions, they may not suit your playstyle. Some slots may be banned from the rollover, while live table games can lower the wagering factor.
Cashier Section
While it might sound trivial, many players make mistakes with crypto transactions. First, needless to say, always double-check the address you are about your funds to. Secondly, make sure to understand the brand’s cashier section. See if the website supports crypto-only in-game wallets and for what coins. If it doesn’t, see the currencies your deposits can be converted to. Remember, most of the casinos active in India support ₹INR conversions or even direct transactions.
Provably Fair Games
A beneficial trend among new Bitcoin casinos, is games with results that can be instantly verified, commonly known as provably fair games. Players can verify for themselves in just a few steps if the results of a roll or hand have been tampered with. This is especially useful for players that are always dubious about smaller international brands and let you enjoy gambling with a renewed peace of mind.
The Top Crypto Bookmakers in India
It is known that Indian bettors can be some of the most hardcore around. Especially in popular local disciplines such as Cricket, Kabaddi and Badminton. In the list underneath, you will be able to explore some of the top crypto sports betting sites available for Indian residents that offer competitive odds for all types of sports, live streaming, exciting betting features and instantaneous deposits & withdrawals for effective live betting.
We understand that for many players, sports betting means serious business. As such, we will mention a few important points to consider before depositing into a bookmaker.
Check odds & markets
Visit the sportsbook and monitor events that you would potentially be interested in. Can you find the specials you are looking for? Does it offer enough lines? Are the odds satisfying? A small research can yield terrific results and let you take the optimal decision. Of course, you can also read our Bitcoin gambling reviews, where we analyse in-depth all our approved brands.
Betting Features
Are you more of a pre-match bettor? Or do you want to place wagers directly while watching the live stream of your favourite event? In either case, the more betting features a bookie offers, the more flexible you will be. Tools such as Partial-Cash Out, Multi-View and a rich Live-Streaming offer can really take your betting sessions to a whole new level. So make sure to see what’s available before depositing a large sum. Keep in mind that many new Bitcoin sportsbooks may as well offer superb odds but spot limited features.
As you can understand, there is plenty to gain from upgrading to cryptocurrencies for your gambling transactions. However, the process might seem quite difficult and stressful for someone with limited experience. What coin should I buy? From where? How do I send it to a casino or sportsbook? Fear not, as we will now answer these questions in detail.
Which are the optimal coins & tokens
At the end of the day, every cryptocurrency available is perfectly able to successfully complete a fund transfer. However, each coin holds different attributes that, if utilized correctly, can make the whole process even more effective.
The obvious first recommendations would obviously be the proven classics. Bitcoin, Ethereum, Litecoin and Bitcoin Cash are reliable picks with blockchain networks that have withstood the test of time. It is no wonder that these coins hold the largest percentage of gambling transactions.
Still, there is a unique category of cryptos that is constantly gaining traction. So-called stablecoins, such as USDT & USDC provide all the benefits of cryptocurrencies, with the advantage of maintaining a stable price value ($1). This attribute is particularly useful for effective bankroll management and protection against market volatility. We wholly recommend it for newbies in the crypto-gambling world.
And for those of you that want to keep your anonymity levels to the maximum, privacy coins like Monero and Zcash are the perfect candidates for protecting your details. Their combination with the relaxed verification standards of crypto casinos & sportsbooks in India means that it is now easier than ever to keep your gambling sessions as private as it gets.
How to deposit to Indian crypto gambling sites
After selecting a coin that you deem suits you best, it is time to buy it. Keep in mind, though, that no one forces you to stick with just one crypto. You can diversify your bankroll and pick accordingly every time. In any case, avoid frequent conversions, as the fees can easily chew you out. As a guideline, follow the checklist below.
Register at a crypto exchange
Register at a crypto exchange
In the last few years, the crypto scene in India has seen ups and downs due to its not regulated nature. Despite this, some local exchanges have demonstrated that they are a safe pick. WazirX is a major name in India, followed closely by CoinDCX. And if you want to maintain a more international approach, the crypto market giant Binance is available too.
Set up a crypto wallet
Set up a crypto wallet
We can not stress this topic enough. Always move your funds into your own crypto wallet one acquired via an exchange. Otherwise, you are susceptible to regulatory issues, and the concept of owning your coins goes straight to the bin. Furthermore, there is a chance that the exchange will block your account if they detect you transacting with gambling sites, as they often consider them risky entities. See which wallet supports the coins you will go with, and set one up.
Top up your account
Top up your account
If everything went smoothly up until now, you now have crypto funds in your wallet. Now its time for the last and easiest step. Simply head over to the cashier of the brand you have picked, and select the appropriate coin method. An alphanumeric address will appear, so simply copy-paste it to your wallet’s send function and click send. After a few seconds or minutes, the funds will go through. Apart from inputting the correct address, the other thing to double-check is to understand the terms of the Bonus you may be about to claim. That’s it, you are now all set for proper crypto gambling.
First, let’s see what stands for cryptocurrencies by themselves. The Indian Government does not recognize cryptocurrency as legal tender, and thus does not regulate its taxation. However, investors and traders of cryptocurrency must still pay taxes in accordance with the existing legislation. Taxpayers are expected to declare all profits from cryptocurrencies as income and pay taxes accordingly.
Capital gains from cryptocurrency trading are taxed at around 30%. In addition to this, traders are also subject to capital gains tax on profits arising from the sale of crypto assets. These profits are classified as business income and are taxed at the normal tax rate applicable to the individual. In short, whenever you sell crypto for Rupees or any other Fiat currency, as well as other cryptocurrencies, you are susceptible to taxation.
What’s more, the government also taxes at a 30% rate net gambling winnings. As you can see, the combination of crypto taxes in India with the gambling ones makes for quite a hostile environment. So, why are we advocating crypto gambling for locals?
Protect your gambling activity
It’s simple. Once you move funds to your own wallet and start playing on international crypto-friendly brands, it will be extremely hard to track you down. You will be free from all the current and future hostile regulations, and get the best bang for your buck. Just avoid moving back to the exchange large amounts at once, and limit conversions from crypto to rupees to a minimum. As long as you keep the bulk of your bankroll on the blockchain, you have the advantage.
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Why go for Indian Crypto Gambling Sites
Why go for Indian Crypto Gambling Sites
It is clear that the future does not seem bright in India, either for online gambling or for cryptocurrencies. All the alleged crypto regulation proposals that are still in the draft stage seem to bring forth only increased restrictions and taxation.
The most sensible course of action at the moment is to familiarize yourself with all the crypto tools available, like private wallets, DeFi (Decentralized Finance) products and international crypto casinos and sportsbooks available in India. These will be your main way out of a possibly hostile environment, so make sure to plan ahead.
FAQs
They are pretty much the same as regular online casinos, but they also accept crypto coins & tokens as payment methods. Also, the wide majority of them offer more advanced products and better bonuses compared to the conventional competition.
There is no specific tax on gambling with cryptocurrencies, however players normally have to pay taxes on gambling winnings and capital gains with cryptos. All these can be avoided with anonymous wallets and international gambling sites.
Up until recently, India had not recognized cryptocurrencies and there were even talks to outright ban them. However, in February 2022 they got mentioned in official documents as Virtual Digital Assets. New regulations are being discussed, but up until now, cryptocurrencies are fully legal in India.
It is very simple, as almost all crypto casinos & sportsbooks offer bonuses that can be claimed using cryptocurrencies. Just make sure to check its terms and conditions beforehand.
We recommend sticking to coins with reliable networks, fast transaction speed and low fees. Some examples are Litecoin, Bitcoin Cash, XRP and XLM. Stablecoins are another excellent solution too.