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FAQ's
What is Bitcoin?
Bitcoin is a decentralized digital currency and the world’s first cryptocurrency. It runs on a blockchain platform, enabled by a network of computers all over the globe. It allows for secure and fast transactions without the use of a central authority.
Is Bitcoin legal in India?
Yes, Bitcoin is legal in India with the Reserve Bank of India (RBI) allowing the use of cryptocurrencies. However, in 2018 the RBI had imposed a ban on cryptocurrency trading. The Supreme Court of India overturned the ban earlier this year and crypto transactions in India once again became legal.
How do I use Bitcoin for mobile casino payments in India?
Players can use Bitcoin to fund their casino accounts by visiting the 'Cashier' or 'Deposit' page of their online casino and selecting Bitcoin as the payment method. They will then be provided with a unique Bitcoin address that they can use to transfer funds using their Bitcoin wallet. Once the transaction is confirmed, the funds will be credited to their casino account.
How secure is it to use Bitcoin for mobile casinos in India?
Bitcoin is very secure, as all transactions are protected by blockchain encryption. Transactions are also practically irreversible which provides extra protection for players in India.
Is there a fee associated with Bitcoin transactions?
Most mobile casinos in India do not charge a fee for Bitcoin deposits; however, some may charge an additional fee for withdrawing funds using Bitcoin. The fees associated with the transaction will also depend on the Bitcoin wallet that you are using.
Are Bitcoin transactions instant?
Yes, Bitcoin transactions are nearly instant, with the transfer of funds usually taking no longer than a few minutes.
How do I withdraw my winnings using Bitcoin?
When you are ready to withdraw your winnings, you have to go to the 'Cashier' or ‘Withdrawal’ page of your online casino. You must then provide your e-wallet details and select Bitcoin as the payment method. You will then be asked to provide the amount that you wish to withdraw. Your funds will be sent to your Bitcoin wallet within a few minutes.
Can I claim a bonus using Bitcoin?
Yes, you can claim mobile casino bonuses using Bitcoin. You will need to make a minimum deposit using Bitcoin to be eligible for bonuses. Ensure that you check the bonus terms and conditions to confirm the minimum amount that you have to deposit.