Cryptocurrency in Indian iGaming — Research Profile

Last updated: 6 November 2026

Physical representations of cryptocurrencies
Photo: Satheesh Sankaran · CC BY-SA 2.0 · Wikimedia Commons

Crypto-assets (BTC, ETH, USDT and others) — in India: legal to hold and trade on compliant exchanges, taxed heavily, and not legal tender.

Adoption in India

A significant retail trading audience exists, but the 30% tax on gains plus 1% TDS (since 2022) and banking friction keep crypto marginal as a payment method inside India.

Supported deposits & withdrawals

Deposits: on-chain transfers where a counterparty accepts them.
Withdrawals: on-chain payouts where offered.

Payment processing characteristics

Settlement is on-chain (minutes, network-dependent); irreversible by design — no chargebacks.

Fees & limits

Tax30% on gains + 1% TDS on transfers under the Income-tax Act
Exchange limitsper platform KYC tier

Availability and restrictions

India does not recognise crypto as payment currency; using it to access services banned in India (including online money games) does not make them lawful. Legal note: since 1 May 2026 the Promotion and Regulation of Online Gaming Act, 2025 prohibits online money games in India and bars financial facilitation of them, so Indian payment rails must not be assumed available for gambling transactions. We never claim gambling-payment availability for a method unless specifically verified.

Security & compliance

FIU-registered exchanges enforce KYC/AML; self-custody shifts all risk to the user.

Listed because the operator declares support for this method in our records; availability for gambling-related payments is noted per review and is not implied here.

Frequently asked questions

Is cryptocurrency legal in India?
Holding and trading on compliant exchanges is legal and taxed (30% + 1% TDS); crypto is not legal tender and payments acceptance is restricted.
Does paying in crypto make a banned service legal?
No. The 2025 Act's prohibition of online money games does not depend on the payment method.
18+ · Gambling involves financial risk and can be addictive. Play responsibly. · Responsible gaming