What Is Bitcoin?
Bitcoin is a decentralized digital currency that allows users to make peer-to-peer transactions without needing a bank or an intermediary. Its popularity has increased dramatically over the past few years in India this is not surprising. Bitcoin provides increased privacy and security compared to traditional payment methods. Transactions are encrypted and confirmed through a network of computers, ensuring your funds are safe. Bitcoin is ideal for users who prioritize speed and security or prefer to avoid the fees associated with fiat payments. Whether you are depositing or withdrawing funds at Melbet, bitcoin makes transactions smoother and faster.
How to Deposit to Melbet via Bitcoin?
To start betting you need to fund your Melbet account and with Bitcoin you can always do this quickly and anonymously. Just follow the instructions below to avoid mistakes:
- Click on the “Deposit” button. Go to your personal Melbet profile and select the “Make a deposit” tab in the balance menu.
- Select Bitcoin. From the list of available payment methods, select Bitcoin and click on it.
- Copy the wallet address. Melbet will provide you with a unique Bitcoin wallet address to make a deposit. Copy this address.
- Send Bitcoin from your wallet. Open your Bitcoin wallet (or exchange platform) and paste the wallet address provided by Melbet. Enter the amount you wish to deposit and confirm the transaction.
The Bitcoin network will process the transaction, usually within 10-30 minutes, depending on network traffic.
Melbet Withdrawal Instruction via Bitcoin
When you have earned some money from Melbet betting, you can easily withdraw it to your Bitcoin wallet. To do this, just follow easy steps below:
- Navigate to the Withdrawal section. From the menu on the website or Melbet app, click on “Withdraw” to start the process.
- Choose Bitcoin. From the list of available withdrawal options, select Bitcoin.
- Enter Your Bitcoin wallet address. Provide your personal Bitcoin wallet address where you want to receive the funds.
- Specify the amount to withdraw. Input the amount you wish to withdraw, ensuring it’s within the withdrawal limits set by Melbet.
- Submit the withdrawal request. Review your details and confirm the withdrawal request.
Withdrawals via Bitcoin are processed by Melbet, and the funds will be sent to your Bitcoin wallet. Processing time typically ranges from 15 minutes to a few hours.
Bitcoin Deposit and Withdrawal Limits
Melbet provides flexible deposit and withdrawal limits for Bitcoin users. The minimum deposit amount is approximately Rs.55, while the minimum withdrawal is Rs.56. There are no set maximum limits for Bitcoin transactions, which makes it an excellent choice for high-volume players looking to move large amounts of funds quickly and securely.
Bitcoin Fees and Processing Times
One of the greatest benefits of using Bitcoin at Melbet is the lack of transaction fees on both deposits and withdrawals. We do not charge any additional fees, and Bitcoin’s own network fees are minimal. Deposits are processed instantly, while withdrawals typically take anywhere from 10 minutes to an hour, depending on the blockchain’s current traffic. Bitcoin provides one of the fastest methods to move funds, especially compared to traditional bank transfers.
Other Melbet Payment Methods in India
FAQ
Can I Cancel a Bank Withdrawal?
Yes, if the transaction hasn’t been fully processed yet. You can contact our Melbet support team to request a cancellation before the funds leave your account.
Is Bitcoin Safe to Use in India?
Yes, Bitcoin is safe to use in India due to secure blockchain technology. However, users should stay updated on local regulations and ensure compliance when using cryptocurrency for transactions.