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How to deposit with Bitcoin to IPL betting sites

Getting started with BTC betting is as easy as it gets. Users love the instant crediting of their accounts and safety with minimal hurdles. Here are the steps to follow.

Step 1
Set up and top up your Bitcoin wallet

Create a wallet on renowned crypto platforms like Binance or Coinbase. Alternatively, you can download self-custody apps like MetaMask.

Choose an IPL site and sign up
Step 2
Choose your favourite IPL site from our list and sign-up

We urge that you restrict yourself to the official site links lest you expose your data to unscrupulous webmasters.

Make your first deposit
Step 3
Select the Bitcoin in the cashier

The system will give you their wallet address. Open your wallet, copy and paste this address in the 'send' option. Enter the amount you wish to deposit and proceed with transaction confirmation.

Wait for your deposit to hit your account

BTC deposits are instant, allowing you access to live and pre-game markets immediately after your deposit. Besides, no deposit fees unless your site has other rules.

Safe and secure IPL betting with BTC

Bitcoin is synonymous with safety. It enhances the security of IPL bettors by leveraging blockchain-backed technology. Every transaction is confined within pockets of data that are encrypted and stored in tamper-proof and decentralised public ledgers.

Equally, BTC supports anonymous transactions protecting your identity. Users maintain the privacy of their wallet keys, preventing malicious access by unwanted third parties. Bitcoin transactions are irreversible, meaning zero chargeback fraud incidences.

Besides, Bitcoin allows you to activate 2-Factor Authentication and counter-checking your details before executing a transfer.

How to withdraw winnings to BTC wallet from IPL betting site

Ordinarily, Bitcoin withdrawals are fast and have relatively minimal or zero costs. The process is quicker and more secure owing to crypto encryption in the blockchain. Equally, withdrawals are effortless. Here are the steps to follow.

Step 1
Access your IPL betting site account

Log into your account using the credentials you submitted when signing up.

Sign in to your IPL betting account
Step 2
Complete KYC procedures and clear bonuses

Meet the wagering terms of your active bonuses. Also, completing your KYC process is vital to prevent fraud while confirming your identity.

Clear any unused bonuses and pass KYC
Step 3
Confirm your transaction

Navigate the payment section and select BTC. Enter the amount you wish to withdraw. Copy and paste your wallet address in the appropriate dialogue box.

Submit your withdrawal request

Your withdrawal will be processed within minutes to a few hours, of course, depending on the blockchain traffic and internal checks.

Pros and cons of IPL betting with Bitcoin

Bitcoin offers convenience and innovation to Indian Premier League betting fans. There are many advantages to these users. Nevertheless, it also has a fair share of shortcomings, as we highlight in the table below.

Advantages
  • Faster Transactions. Deposits are instant and withdrawals take less time since BTC doesn't have a centralised authority that would act as a go-between, causing processing delays.
  • Boosted privacy. Your wallet address is only traceable to the device you use, meaning no private data exposure.
  • Lesser fees. With few intermediaries, Bitcoin has lower transaction fees compared to fiat methods.
  • Borderless acceptability. Global IPL bettors don't have to incur Forex charges because Bitcoin has the same value across borders.
Disadvantages
  • Volatility. BTC value prices change often, implying the value of the IPL bet winnings may keep on changing.
  • Technical understanding needed. New users must familiarise themselves with the technical aspects of wallet management.

Generally, Bitcoin offers convenience, privacy and lower fees. Ensure to research your ideal option and learn a few BTC wallet ins and outs before betting on Indian Premier League odds.

Best Bitcoin alternatives on IPL betting sites

Many Indian Premier League betting sites accept Bitcoin payments. However, a few might be missing out on the new-found convenience. Besides, you could be looking for an ideal alternative. Below are the best reliable options you may consider.

  • Unified Payments Interface (UPI). Established in 2016, UPI is owned by the renowned National Payments Corporation of India (NPCI). It allows swift bank-to-bank transfers on mobile devices with zero fees.
  • PayTM. A popular brand by One97 Communications, PayTM is a widely accepted digital wallet in India. It seamlessly links you to your bank accounts, thus supporting quicker deposits and withdrawals upon request.
  • Ethereum (ETH). Smart contracts and relatively quicker block times are Ethereum's trademark features. FYI, ETH enhances smooth in-match betting courtesy of the supported microtransactions.
  • Litecoin (LTC). This is an ideal alternative to BTC and ETH. With near-instant processing, Litecoin is a perfect option if you frequently wager small bets on Indian Premier League matches.