Cryptocurrency is quickly evolving beyond a simple digital asset. It is changing the way people play, invest, and pay online. With new opportunities for safe, anonymous, and quick transactions, online gambling has become more exciting and safer in the same breath.
Leading this shift is PariPesa India. Incorporating blockchain technology, PariPesa is influencing the future of tech-driven, transparent, and equitable online betting for a new generation of players
Is Using Crypto to Gamble Legal in India?
The regulations governing gaming and cryptocurrency in India are a complicated grey area. Online gambling is not directly handled at the federal level, and traditional gaming is governed by state laws.
Although not illegal in India, crypto is still unregulated. This means that you can play using it, but since the central government has no control over it, they cannot help you if things go south.
However, PariPesa follows all global security and transparency standards to the T. It guarantees compliance while advising customers to familiarise themselves with local laws prior to using the service.
The Growing Intersection of Crypto and Online Betting
Crypto gaming is growing in popularity all around the world. Gamers appreciate the privacy, low transaction costs, and quick transfers that cryptocurrency makes possible; features that are rarely available with conventional payment methods. Users can skip banking delays by using digital currencies to fund their accounts or withdraw winnings in a matter of minutes. This global trend points to a much larger shift toward player-controlled, decentralised financial systems that allow users to handle their money independently.
PariPesa’s Crypto Integration
Indians aren’t new to crypto, but they most likely are new to crypto gaming. The most-used cryptocurrencies in India today are:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Tether (USDT)
Tether is the least volatile of all, and it is becoming a very common payment method for Indians. Crypto payments are verified quickly, as are conversions between coins and in-game balances. This convenience comes with a strong security system, two-factor authentication, and encryption to safeguard user data.
PariPesa also supports transparent tracking of transactions on the blockchain. This further reinforces trust and eliminates the uncertainty often associated with online transactions.
Why Crypto Betting Matters to Indians
Traditional banking systems often present challenges for Indian gamers, particularly when interacting with foreign betting sites. Deposits and withdrawals can be annoying due to delays, exorbitant transaction fees, and arbitrary limitations. Crypto gives consumers more privacy and control by completely bypassing these restrictions.
How to Use Crypto Payments Safely at PariPesa
You can use crypto payment methods as you would any other banking system at PariPesa. Let’s walk you through the steps in detail.
Register/Login
No matter which method you want to use to deposit funds, you will have to create an account at PariPesa.
- Head over to the website and click “Registration.”
- Create an account using one of the three simple methods. You can use your phone number, email ID, or social media accounts, such as Telegram or Discord.
- Create a password and register.
Then, head over to your profile wallet. You can also click on the dollar sign at the top of the page to jump to the payments section.
Selecting Crypto
Players need to have a cryptocurrency wallet before they can fund their PariPesa accounts using digital currency.
- Select a trustworthy supplier like MetaMask, Trust Wallet, or Coinbase.
- Create a wallet, keep your private keys safe, and write down the unique address.
- To prevent hacking, always use two-factor authentication and store recovery phrases offline. Make sure you enter the casino’s address correctly before you send any money.
The decentralised nature of cryptocurrency allows for freedom, but it also comes with responsibility because losing your keys could result in the loss of your money. So, remember to keep your wallet details and address to yourself and store the information safely.
Now all you have to do is fund your wallet! Once done, head back to the PariPesa site and select your crypto of choice and deposit it into your PariPesa account. The casino will automatically convert it into funds that you can use to play games and place bets. If there are issues with transfers at any point, contact PariPesa’s customer support for technical assistance.
Conclusion
PariPesa was one of the first platforms in India to accept cryptocurrency for betting. Crypto makes deposits and withdrawals faster. It also gives players more control over their money. For this reason, players in India are using digital currencies more than ever.