Cryptocurrency is an alternative form of currency that exists only as virtual money in contrast to the banknotes and coins you’re using in your everyday life. Produced by a huge network of super powerful computers, this digital money has become more and more popular for a few reasons:
- First, it’s not controlled by state governments and the regular bank systems as is the case with paper money – so no usual bank fees are involved. This also makes cryptocurrency less vulnerable when it comes to situations like political crisis, for example, which can often damage the value of ordinary money and its exchange rates.
- Second, the term ‘crypto’ means this specific currency is highly secured. Today you can use cryptocurrency in almost every field of life and betting is no exception to the rule – you can safely deposit and withdraw your cryptocurrency at 10CRIC. It’s just like betting with ‘normal’ money – but isn’t it great to have one more option to choose from? There are different cryptocurrencies, with Bitcoin being the most popular one. And for all crypto fans in India there has been some fantastic news recently…
Cryptocurrency trading is now legal in India
At the start of March, 2020 India’s Supreme Court officially allowed cryptocurrency trading in the country. What had been banned by the Reserve Bank of India between April, 2018 and March, 2020, is now totally legal. It means that if you want to use cryptocurrency for your online activities, including betting on your favourite sports and playing the best casino games at 10CRIC, you can start doing it right now. With cryptocurrency now legal in India, this digital money is drawing more and more interest and it might well be the next big thing! Ready to give it a go then?
How to open a cryptocurrency wallet
The easiest way to start betting with cryptocurrency at 10CRIC is to open a digital currency wallet where you can store your crypto money like Bitcoin, for example. One of the most popular wallets is Coinbase which 10CRIC is also partnering with. To open an account, please follow the steps shown in the video above. But there are also plenty of other digital wallets you can choose to open an account with – such as Zebpay, Coinmama, Unocoin and Kraken. The choice is totally yours – pick the one that you like best. And once you’ve got your digital wallet created, you can easily deposit and withdraw crypto money at 10CRIC.