Positioning itself as one of the leading sports betting brands in India, MelBet offers numerous options for its clients. Although they don’t have as long a tradition as some of their rivals on the market, this bookie provides incredible benefits to its players.
Besides an excellent MelBet mobile app, which is state-of-the-art, there is also a huge variety of cryptocurrencies available for payment methods. Why is that so important, some might ask.
This article will try to explain that. There are numerous advantages of using only crypto instead of traditional payment methods. On the other hand, there are some downsides as well. Our focus here will be on Bitcoin.
When mentioning advantages, we will guide you through the process of downloading and installing the MelBet APK India and the MelBet iOS app. It will present a huge boost for your gambling activity and take the experience to a whole different level.
Betting With MelBet India app Using Bitcoin
First of all, we would like to note that, apart from Bitcoin, several other cryptocurrencies are available.
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Dogecoin (DOGE)
- Tether (USDT)
- TRON (TRX)
- Ripple (XRP)
They are both used for making deposits or withdrawals, and as such are very convenient for multiple reasons. As stated, our focus is on Bitcoin and its usage. It is the most popular crypto without question, and its value went above $120,000 this summer.
The process of betting with it is the same as with traditional payment methods, and the only difference is that you use Bitcoin in your MelBet app India as a stake instead of other currencies, such as rupees, dollars, or euros.
How to download MelBet app?
The MelBet India app is available for both Android and iOS systems. There are some differences when it comes to downloading and installation, and the most notable is the MelBet apk download for Android. There’s no such thing when it comes to iOS.
Yet, overall, both processes are swift and straightforward, lasting not more than a few minutes. Check out guides on how to download MelBet app.
Android Installation
- You can find the app on the MelBet website. There is a noticeable “Download app” on the home page. Click on it to get redirected to the page with the installation kit.
- Click on “Android app,” and get the MelBet APK download for Android.
- In order to install, go to “Settings” and enter the “Security” section.
- Pick the “Install applications from unknown sources” and click the toggle button to “Allow.”
After you complete all these steps, visit your “Downloads” folder, find the MelBet APK India, and simply click on it. The system will do the rest.
iOS installation
iOS systems made it easier to complete the MelBet download and installation processes, as they are all in one, which isn’t the case with Android. Here everything is done in under a minute,
- Open the App Store on your iOS device
- Search MelBet
- Go to the MelBet app and click on the DOWNLOAD button
- If the system asks for authentication (Apple ID password, Face ID, Touch ID), complete that
This is all you need to do here, and there are no additional steps like getting the MelBet download apk file first and then manually starting the installation process, etc.
Pros and Cons of Using Bitcoin at the MelBet app India
Pros
Anonymity and Privacy
The first and foremost advantage here is anonymity. As you all know, the transaction involving crypto protects the identity of the involved parties. Regardless of whether you deposit or withdraw funds, in this case Bitcoin, the address where crypto is sent or received only displays the crypto wallet.
Now, don’t misunderstand one thing here. You will need to verify your identity when completing the MelBet download and installation process, due to internal rules and the KYC policy. To make deposits or payouts, players must verify their identity and provide government-issued documents, such as a passport or ID card.
Faster Transactions
Transferring Bitcoin from your account on any given sportsbook or casino on the web to your account is way faster than making a traditional payout. Deposits are almost instant, while withdrawals are done in minutes.
Lower Fees
Unlike with the traditional ways of any payments, the fees are much lower, and that’s another positive side of using crypto. All this is possible due to blockchain network technology. There are some gas fees, but they are far smaller than the fees associated with using cards, e-wallets, or other payment methods you have in your MelBet app.
Cons
Volatility
Using Bitcoin carries significant risk. Since its value isn’t fixed and it often oscillates on the market, the player can incur substantial financial losses if it goes the wrong way. You can lose a huge portion of your balance in a matter of hours.
Irreversible Transactions
If you, by any chance, make a mistake when transferring Bitcoin from or to your cryptocurrency wallet, there’s no way to repair that. All crypto transfers are irreversible and, as such, there is no room for the slightest possible error because it can be very expensive. Just remember the Bybit heist that cost that exchange $1.5 billion .
Final conclusion
As you can see, there are plenty of benefits to using crypto when gambling, but on the other hand, downsides are present as well. You will need to study what we wrote here today and implement all the information in your plans in order to maximize your profits.
