Best PhonePe Betting Sites in India for 2023
PhonePe Betting Sites
PhonePe is one of the most popular payment systems in India.
Besides being easy and convenient to use, it’s also very safe and fast.
You can connect it to your bank, other eWallets, credit and debit cards, and more.
We’ll show you how to use it for betting and the best PhonePe betting sites.
Very Fast Transfers
No Extra Fees
Trustworthy and Reliable
Approved by the RBI
Rare Transfer Delays
Verification Takes Long
Is Depositing Money on a PhonePe Betting Site Legal in India?
The Reserve Bank of India (RBI) has approved the PhonePe payment app for use in India.
Therefore, using this method to deposit on a betting site is entirely legal.
PhonePe also ensures that money is instantly and securely transferred from your bank account.
Finally, the LegalBet India team never endorses any betting sites or payment methods that are illegal in India.
We want to ensure that our readers have a secure and enjoyable online betting experience.
Is Using PhonePe for Betting Safe?
India’s PhonePe, accepted and used throughout the country, is a trustworthy payment option.
You have two options with PhonePe — using your wallet balance or sending money directly from your bank account using the UPI interface.
Both options ensure that your money gets to your betting site account and are highly secure.
Additionally, if any transactions go wrong, the money is immediately returned to your PhonePe account!
So, you can safely use PhonePe for betting.
Creating a PhonePe Account
Creating a new PhonePe account is really simple, and all you need to do is follow the instructions below.
- First, you’ll need to download the PhonePe app.
- When you launch the app, enter your phone number.
- Enter the OTP you receive in an SMS to validate the mobile number.
- After verifying the phone number, you’ll be prompted to submit personal info.
- Fill that out, and your PhonePe account will be activated!
Some users have shared that the identity verification process takes a bit longer, but that didn’t happen to us.
To ensure that your identity verification goes smoothly, we recommend that you check your documents before sending them to the support team.
Now, all that’s left to do is connect it to your bank account and find a betting site.
How to Deposit on Betting Sites With PhonePe
Depositing on a betting site that accepts PhonePe is incredibly easy, but let’s go over the steps together.
We’ll take 22Bet as an example.
1. First, log into your betting account or sign up if you don’t have one.
2. Then, click on the “Deposit” button.
3. You’ll see a list of all payment methods available for your area.
4. Find PhonePe and click on it.
5. Insert the amount you want to deposit and click “Confirm.”
And your transaction will soon be complete!
What Is the Minimum Deposit on PhonePe Betting Sites?
The minimum deposit for this payment option depends on the sportsbook.
22Bet allows you to connect your betting account directly to PhonePe, and their minimum deposit requirement is ₹300.
However, since other betting sites allow you to use PhonePe through UPI, the situation is slightly different.
The minimum deposit amount on 10Cric is ₹1000, while the minimum on Betway is ₹200.
How to Withdraw Money from Betting Sites With PhonePe
Winning a sports bet feels excellent, but a fast withdrawal makes that feeling even better.
Don’t worry, withdrawing your winnings through PhonePe is easy and fast.
Since all sportsbooks work similarly, the withdrawal steps look like this:
- Log into your betting account.
- Look for the banking options or click on your account.
- You should see a “Withdraw Funds” option.
- From there, select PhonePe or UPI and enter the amount you want to withdraw.
- Confirm the request, and the money should be in your account soon.
Please note that all sportsbooks will ask you to confirm your identity so that you can withdraw your winnings.
How to Use PhonePe With UPI
Another PhonePe pro is that you can connect it to your UPI account.
Even if a betting site doesn’t support PhonePe, you can use it through your UPI account.
Just connect your UPI and PhonePe accounts, and that’s it.
To connect the accounts, you need to follow the steps below:
- Go to “My Money.”
- Choose your bank.
- Set your UPI PIN.
- Enter your card details.
And that’s it, the accounts are connected!
You can also watch the video below — it makes the process even easier.
Deposits and withdrawals work the same as for PhonePe; you just need to choose UPI.
How long do PhonePe deposits take?
Similarly to other eWallets like Paytm, PhonePe deposits are fast. Transactions take about 15 minutes, but on rare occasions, you can wait up to a couple of hours.
Will I get a welcome bonus on PhonePe betting sites?
Yes, you will get a welcome bonus on PhonePe betting sites. Be sure to check the terms and conditions for every bonus. And, if you need help determining which betting sites offer the best bonuses, check out our betting lists. We tested the best sites in India to save you time and trouble.
Are there any alternatives to PhonePe?
Of course, there are alternatives to PhonePe. If you don’t want to use it for whatever reason, or if it’s unavailable in your area, you could try Skrill, Paytm, or UPI. All three are reliable and legal eWallets that allow you to deposit and withdraw money quickly.