Bitcoin revolutionized finance by enabling peer-to-peer transactions without banks or intermediaries. For sports bettors, this revolution translates to practical advantages that fundamentally change the betting experience. Deposits bypass banking restrictions that often complicate gambling transactions, withdrawals process in hours rather than the days required by traditional payment methods, and the privacy that Bitcoin provides means your betting activity remains separate from your conventional financial life. As the original and most recognized cryptocurrency, Bitcoin offers both the security of a proven network with over fifteen years of operation and the liquidity to convert winnings easily through virtually any exchange worldwide.
1xBit has built its platform around cryptocurrency from the ground up, supporting Bitcoin alongside more than forty other digital currencies for sports betting. The platform covers virtually every sport imaginable, from cricket and football to esports and virtual sports, with competitive odds and extensive market depth that satisfies both casual bettors and serious professionals. For Indian bettors specifically, Bitcoin provides a reliable pathway to international sports betting markets that might otherwise be difficult to access through traditional banking channels, which frequently decline gambling-related transactions.
This guide covers everything you need to know about using Bitcoin for sports betting at 1xBit in 2026. From acquiring BTC and making your first deposit to understanding betting markets, managing withdrawals, and optimizing your overall experience, you'll find comprehensive information for successful cryptocurrency sports betting.
Bitcoin's characteristics make it particularly well-suited for sports betting applications, and understanding these advantages helps explain why BTC has become the dominant cryptocurrency for online wagering worldwide. The technology's fundamental design addresses many frustrations that traditional payment users encounter when attempting to fund betting accounts or withdraw winnings.
Financial privacy stands as perhaps the most significant advantage for many bettors. When you use Bitcoin, your transactions don't appear on bank statements or require disclosure to financial institutions. This separation between your betting activity and your traditional financial life provides peace of mind for players who prefer to keep their entertainment spending private. Unlike credit card statements that itemize every purchase or bank transfers that create permanent records, Bitcoin transactions exist only on the blockchain under pseudonymous addresses.
Global accessibility represents another compelling benefit. Bitcoin works identically regardless of your physical location, eliminating the currency conversion fees, international transfer delays, and bank approval requirements that plague traditional cross-border transactions. An Indian bettor sending Bitcoin to 1xBit experiences the same process as someone in Brazil or Germany, with no intermediary banks questioning the transaction's purpose or holding funds for extended review periods.
The censorship resistance of confirmed Bitcoin transactions provides security that traditional payment methods cannot match. Unlike bank transfers that can be blocked, reversed, or frozen by financial institutions, a confirmed Bitcoin transaction is final and cannot be stopped by third parties. Once your deposit confirms on the blockchain, those funds belong to your betting account without possibility of clawback or reversal. Bitcoin's fixed supply of twenty-one million coins also offers potential value appreciation that fiat currencies simply cannot match, and the around-the-clock availability means you can deposit or withdraw at any hour, on any day, including weekends and holidays when traditional banks close entirely.
| Factor | Bitcoin | Bank Transfer | Credit Card |
|---|---|---|---|
| Deposit Speed | 10-30 minutes | 1-3 business days | Instant (if approved) |
| Withdrawal Speed | 15 min - 2 hours (times may vary) | 3-7 business days | Often not available |
| Privacy | High (no bank records) | Low (full trail) | Low (full trail) |
| Fees | Network fee only (₹200-2,000) | Bank fees + conversion | 2-5% + conversion |
| Availability | 24/7/365 | Business hours only | 24/7 but may decline |
| Reversal Risk | None (final) | Possible | Chargebacks possible |
Understanding Bitcoin's transaction timing helps set appropriate expectations for deposits. The Bitcoin network generates a new block approximately every ten minutes, and transactions require confirmations (subsequent blocks) for security. When you send a deposit, your transaction first broadcasts instantly and enters the network's memory pool awaiting inclusion in a block. The first confirmation typically arrives within ten minutes, followed by additional confirmations every ten minutes thereafter. Most betting platforms, including 1xBit, credit deposits after two to three confirmations, meaning your funds typically appear within twenty to thirty minutes of sending. During periods of network congestion, confirmation times may extend, but higher transaction fees incentivize miners to prioritize your transaction, potentially reducing wait times when speed matters.
Before placing your first Bitcoin sports bet, you'll need to acquire BTC and set up secure storage for your cryptocurrency holdings. This process is straightforward once you understand the available options and their respective trade-offs.
Indian players can purchase Bitcoin through several channels, each offering different balances between convenience, fees, and privacy. Cryptocurrency exchanges represent the most common option for most users. Major Indian exchanges including WazirX, CoinSwitch Kuber, and ZebPay offer Bitcoin trading paired with INR. The process involves creating an account on your chosen exchange, completing their KYC verification requirements, depositing rupees via UPI or bank transfer, and purchasing BTC at the current market price or setting a limit order at your preferred rate. Exchange fees typically range from 0.1% to 0.5% of transaction value, making this the most cost-effective option for most purchase sizes.
Peer-to-peer platforms like Paxful and LocalBitcoins connect buyers directly with sellers, often accepting payment methods including UPI, bank transfer, PayTM, and other local options. P2P trading prices typically include a three to eight percent premium above exchange rates, but the verification requirements may be less stringent for those prioritizing privacy. International exchanges such as Binance offer high liquidity and competitive rates for larger purchases, though access may require VPN depending on the current regulatory status in your region.
| Wallet Type | Security Level | Convenience | Best For |
|---|---|---|---|
| Mobile (Trust Wallet, BlueWallet) | Medium | High | Active betting, amounts under ₹50,000 |
| Desktop (Electrum, Exodus) | Medium-High | Medium | Regular betting, moderate amounts |
| Hardware (Ledger, Trezor) | Very High | Low | Long-term storage, large amounts |
| Exchange Wallet | Low | Very High | Quick purchases only |
Your Bitcoin wallet stores the private keys controlling your cryptocurrency holdings, and choosing appropriate security for the amounts you'll handle protects your funds from loss or theft. Mobile wallets offer convenience for active betting with amounts you're comfortable keeping accessible. Desktop wallets provide stronger security for regular betting with moderate holdings. Hardware wallets offer maximum protection for larger amounts, though the reduced convenience makes them better suited for long-term storage than frequent transactions. Exchange wallets should be avoided for holding significant funds, as you don't control the private keys.
The deposit process connects your personal wallet to your betting account. Understanding each step ensures smooth transactions and helps you avoid common mistakes that could delay your funds or, in worst cases, result in permanent loss.
To begin depositing, log into your 1xBit account and navigate to the deposit area within your account dashboard. Select Bitcoin from the cryptocurrency list, which displays all available deposit options. The platform then provides a unique Bitcoin address for your account, appearing as a long string of characters beginning with 1, 3, or bc1, accompanied by a QR code for mobile wallet users. This address belongs exclusively to your account, so you can reuse it for multiple deposits, though generating a new address for privacy is always an option.
When copying the deposit address, always use the copy button rather than attempting manual typing. Bitcoin transactions sent to incorrect addresses result in permanent, unrecoverable loss, and a single mistyped character creates an entirely different address. After copying, open your Bitcoin wallet application, select the send or transfer function, and paste the deposit address. Enter your desired deposit amount, review all details carefully, and set an appropriate transaction fee based on current network conditions and your timing needs. Higher fees result in faster confirmations, so if you're depositing for a bet on an upcoming match, choosing a higher priority fee makes sense.
Before confirming any Bitcoin deposit, verify these critical details:
After confirming your transaction, your wallet broadcasts it to the Bitcoin network. You can track confirmation progress using any blockchain explorer with your transaction ID. Unconfirmed transactions appear in the memory pool awaiting miner inclusion, while confirmed transactions show one or more confirmations incrementing every ten minutes approximately. Most deposits credit to your 1xBit balance within twenty to forty minutes after achieving the required confirmations (processing times may vary based on network conditions).
Minimum deposits typically start around 0.0001 to 0.001 BTC, approximately ₹500 to ₹5,000 depending on current Bitcoin price (cryptocurrency prices fluctuate significantly). Check the deposit interface for current minimum requirements. Maximum limits vary by account level and verification status. During Bitcoin network congestion, deposit times may extend to one to two hours in some cases.
With your Bitcoin deposited, you gain access to extensive sports betting markets covering virtually every competition worldwide. The platform's market depth rivals traditional bookmakers while offering the cryptocurrency advantages that brought you here.
1xBit covers major sports comprehensively, including football (soccer) with full coverage of the EPL, La Liga, Serie A, Bundesliga, Champions League, World Cup, and countless other leagues. Cricket betting spans IPL, international Tests, ODIs, T20s, and domestic leagues from around the world, making it particularly relevant for Indian bettors. Basketball coverage includes NBA, EuroLeague, and FIBA competitions, while tennis markets cover Grand Slams, ATP and WTA tours, and even Challenger events. American football with NFL and college games, ice hockey with NHL and KHL coverage, and numerous other sports receive equally thorough treatment.
Growing markets including esports attract significant betting interest, with coverage of CS2, Dota 2, League of Legends, and Valorant major tournaments. MMA and UFC betting covers all numbered events and Fight Nights. Boxing includes major championship bouts, while Formula 1 betting accompanies all Grand Prix races. Regional favorites popular with Indian bettors include kabaddi with Pro Kabaddi League coverage, badminton with BWF World Tour events, table tennis with WTT competitions, and volleyball with both international and club competitions.
Understanding different bet types helps you find appropriate markets for your analysis. Pre-match markets include moneyline or match winner bets where you simply pick who wins, spread or handicap bets with adjusted odds giving virtual advantage to underdogs, and totals (over/under) where you bet on combined scores exceeding or falling short of specified lines. Prop bets cover specific occurrences like first scorer, total corners, or individual player statistics. Futures markets allow long-term outcome betting such as league winners or top scorers. Parlays or accumulators combine multiple selections with multiplied odds, offering larger potential payouts for increased risk. Live betting markets operate during matches, offering next goal or point scorer markets, current set or half or quarter winners, running totals and spreads that adjust in real-time, minute-specific events, and player performance props.
| Decimal Odds | Implied Probability | ₹1,000 Bet Returns | Profit |
|---|---|---|---|
| 1.50 | 66.7% | ₹1,500 | ₹500 |
| 1.80 | 55.6% | ₹1,800 | ₹800 |
| 2.00 | 50.0% (even odds) | ₹2,000 | ₹1,000 |
| 2.50 | 40.0% | ₹2,500 | ₹1,500 |
| 3.00 | 33.3% | ₹3,000 | ₹2,000 |
| 5.00 | 20.0% (underdog) | ₹5,000 | ₹4,000 |
The platform displays odds in decimal format, which many bettors find most intuitive. Value exists when your estimated probability exceeds the implied probability shown by the odds. If you believe a team has a 60% chance to win but odds imply only 50% probability (2.00 decimal odds), that bet offers positive expected value.
1xBit offers various bonuses that apply to sports betting with Bitcoin, adding extra value to your deposits and ongoing play.
New players can claim up to 7 BTC across their first four deposits (terms and conditions apply). The first deposit receives a 100% match up to 1 BTC, meaning if you deposit 0.5 BTC, you receive an additional 0.5 BTC in bonus funds. The second deposit matches at 50% up to 1 BTC. The third deposit returns to 100% matching up to 2 BTC, and the fourth deposit matches at 50% up to 3 BTC. The total potential bonus of 7 BTC represents substantial value for new players, though you should understand the attached wagering requirements before depositing.
| Deposit | Match Percentage | Maximum Bonus |
|---|---|---|
| First | 100% | Up to 1 BTC |
| Second | 50% | Up to 1 BTC |
| Third | 100% | Up to 2 BTC |
| Fourth | 50% | Up to 3 BTC |
| Total | — | Up to 7 BTC |
Wagering requirements apply. Sports betting typically contributes 100% toward wagering. Minimum odds may apply for qualifying bets. Review current terms before depositing.
Regular bettors accumulate points toward VIP status, unlocking additional benefits at higher tiers. Cashback ranging from 0.5% to 11% depending on tier provides ongoing value from your betting activity (terms apply). VIP members receive exclusive promotions and enhanced odds offers unavailable to standard accounts. Higher tiers unlock personal account managers for individualized service, faster withdrawal processing with priority handling, birthday bonuses, and special seasonal rewards.
The promotions section offers ongoing opportunities including accumulator bonuses that increase payouts on multi-leg bets, specific sport promotions during major events like the IPL or World Cup, risk-free bet offers allowing you to try selections without full downside exposure, and odds boosts on selected matches providing enhanced returns on popular events.
Converting betting success to actual Bitcoin in your wallet completes the cycle. The withdrawal process at 1xBit is straightforward, and understanding it ensures smooth access to your winnings.
To withdraw, navigate to the withdrawal section within your account and select Bitcoin as your withdrawal currency. Enter your personal Bitcoin wallet address, double-checking every character since errors cause permanent, unrecoverable loss. Specify your withdrawal amount, noting any minimum requirements and your available balance including any bonus funds with incomplete wagering requirements. Complete two-factor authentication verification if enabled (which is strongly recommended for account security). The platform then reviews and processes your withdrawal before broadcasting the Bitcoin transaction to the network.
Before confirming withdrawals, verify these details:
Withdrawal processing typically takes 15 minutes to 2 hours (processing times may vary). After platform processing completes, Bitcoin network confirmation adds approximately 10 to 30 minutes before funds appear in your wallet. Minimum withdrawals usually start around 0.0001 BTC. Maximum limits vary by account level and verification status, with standard accounts typically accommodating normal betting activity without restrictions.
Bitcoin's price fluctuations add a unique dimension to sports betting bankroll management that traditional currency bettors don't face. Understanding this dynamic helps maintain betting discipline and appropriate expectations.
Bitcoin can gain or lose 10% or more in a single day, and this volatility directly affects your betting bankroll's fiat value. Consider a scenario where you deposit 0.01 BTC when Bitcoin trades at ₹50,00,000, giving your deposit an initial value of ₹50,000. A week later, Bitcoin drops to ₹45,00,000. Your 0.01 BTC is now worth only ₹45,000, meaning you've effectively lost ₹5,000 before placing any bets. Conversely, if Bitcoin rises during your betting activities, your winnings become worth more in fiat terms than they were when you won them.
Several strategies help mitigate volatility impact on your betting activities. Depositing as needed rather than making large upfront deposits limits exposure to price swings while funds sit in your account. Withdrawing winnings promptly to convert to stablecoin or fiat locks in value if volatility concerns you. Thinking in BTC terms rather than constantly converting to rupees helps maintain consistent bankroll management regardless of price movements. For those who find volatility genuinely problematic, stablecoins like USDT maintain approximately one dollar in value, eliminating price fluctuation concerns entirely while preserving cryptocurrency's other advantages.
Responsible bankroll management applies regardless of which currency you use:
Most Indian bettors access platforms via mobile devices, and 1xBit's mobile experience provides full functionality for Bitcoin sports betting without compromise.
The mobile platform, whether accessed through your browser or a dedicated app, offers complete sports coverage matching the desktop experience. Every sport, league, and market available on desktop appears on mobile as well. Full deposit and withdrawal functionality means you can manage your Bitcoin bankroll entirely from your phone. Live betting with real-time odds operates smoothly on mobile, crucial for catching opportunities during matches. Account management, bonus claims, and settings adjustments all work on mobile. The app version additionally offers push notifications for odds changes and results, keeping you informed without constantly checking the platform.
QR code deposits simplify Bitcoin funding from mobile devices significantly. Rather than copying addresses manually (risking transcription errors that could cause lost funds), simply scan the deposit QR code with your wallet app. This eliminates errors entirely and makes mobile depositing as simple as scanning and confirming.
Even experienced Bitcoin users occasionally encounter problems when betting. Understanding common issues helps resolve them quickly without unnecessary worry.
| Problem | Likely Cause | Solution |
|---|---|---|
| Deposit not appearing | Awaiting confirmations | Check blockchain explorer; wait for 3 confirmations |
| Very slow confirmation | Low transaction fee | Wait longer or use transaction accelerator service |
| "Invalid address" error | Wrong format or typo | Verify address format (1/3/bc1 prefix for Bitcoin) |
| Withdrawal delayed | Security review | Large/first withdrawals may need additional verification |
| Sent to wrong address | Copied incorrectly | Unfortunately unrecoverable—always verify addresses |
| Sent BCH instead of BTC | Selected wrong currency | Contact support immediately—recovery sometimes possible |
The most common concern involves deposits not appearing in your account. The likely cause is simply waiting for confirmations, as Bitcoin requires multiple confirmations before deposits credit. Check any blockchain explorer using your transaction ID to see the current confirmation count. Once you reach two or three confirmations, the deposit should appear shortly. If your transaction shows confirmed but funds haven't appeared, contact support with your transaction ID and deposit address.
Every Bitcoin transaction receives a transaction ID (txid). Use this to track status by copying the txid from your wallet after sending, visiting any blockchain explorer, and pasting the txid to see confirmation status. Unconfirmed transactions are waiting in the mempool; confirmed transactions have been included in a block.
Understanding the legal landscape and security best practices protects both your funds and your continued access to betting services.
Online betting regulation in India exists primarily at the state level, with most states lacking specific prohibition of cryptocurrency betting on international platforms. Enforcement has historically focused on operators rather than individual bettors. Bitcoin transactions don't route through Indian banks, avoiding potential banking restrictions on gambling-related transfers that affect traditional payment method users. This represents a practical advantage rather than legal advice, and you should consult qualified professionals for specific legal questions about your situation and jurisdiction.
Account Security:
Wallet Security:
General Practices:
Bitcoin sports betting at 1xBit combines the original cryptocurrency's advantages—privacy, global access, and proven security—with comprehensive sports coverage and competitive odds. From cricket and football to esports and niche sports, the platform delivers extensive markets for BTC bettors seeking alternatives to traditional betting methods.
The deposit process takes mere minutes once you're set up: transfer BTC to your platform address, wait for confirmations, and begin betting. Withdrawals typically process within hours, delivering winnings directly to your wallet without banking intermediaries or lengthy waiting periods. For Indian sports fans in particular, Bitcoin betting offers reliable access to international markets alongside practical privacy benefits that traditional payment methods cannot provide.
Whether you're backing India in cricket, following the EPL, or betting on global tennis tournaments, BTC provides the infrastructure for seamless wagering without the frustrations of declined transactions, delayed processing, or invasive documentation requirements.
Register at 1xBit, make your first Bitcoin deposit, and claim up to 7 BTC in welcome bonuses (terms and conditions apply). With over 40 supported cryptocurrencies, 24/7 betting markets, and no-KYC registration (terms apply), the platform delivers everything needed for successful cryptocurrency sports betting.
Minimum deposits typically start around 0.0001 to 0.001 BTC, approximately ₹500 to ₹5,000 depending on current Bitcoin price (cryptocurrency prices fluctuate significantly). Check the deposit interface for current minimum requirements.
Bitcoin deposits typically appear within 20 to 40 minutes after the transaction receives 2 to 3 confirmations on the blockchain (processing times may vary based on network congestion). Track confirmation progress using any blockchain explorer with your transaction ID.
Yes, withdrawals process in Bitcoin and other supported cryptocurrencies. Navigate to withdrawals, enter your personal BTC wallet address, specify the amount, and confirm. Processing typically takes 15 minutes to 2 hours (times may vary).
Online betting regulation in India exists primarily at state level, with most states lacking specific laws prohibiting cryptocurrency betting on international platforms. This is informational, not legal advice—consult qualified professionals for specific questions.
Your account balance is denominated in your chosen display currency or BTC. Price fluctuations affect the fiat-equivalent value but not your betting ability. Consider using stablecoins like USDT if price stability concerns you.
The platform typically covers deposit fees (terms may vary). You pay the Bitcoin network fee when sending from your personal wallet, which varies with network congestion from approximately ₹200 to ₹2,000.
Yes, the welcome bonus of up to 7 BTC applies to sports betting (terms and conditions apply). Sports bets typically count 100% toward wagering requirements. Minimum odds may apply for qualifying bets.
1xBit covers virtually every sport including football, cricket, basketball, tennis, esports, MMA, and dozens more. Both pre-match and live betting markets are available for major events.
After sending, your wallet provides a transaction ID. Enter this into any blockchain explorer to see confirmation status. "Confirmed" with 2+ confirmations means the deposit should appear shortly.
Bitcoin transactions are irreversible. Sending to an incorrect address typically results in permanent loss. Always verify addresses carefully before confirming any transaction.
Yes, the mobile platform offers complete functionality including BTC deposits, all betting markets, and withdrawals. QR code scanning simplifies mobile deposits.
Yes, 1xBit offers 24/7 customer support via live chat, email, and other channels. Have your transaction ID ready when contacting support about deposit or withdrawal issues.
