In the past decade, betting from Bangladesh was quite challenging due to limited payment options. However, from 2015 onwards, popular betting sites and Bangladesh betting apps have gradually started integrating Bangladeshi domestic payment systems. Today, over 90% of legitimate betting sites operating in Bangladesh accept mobile wallets in addition to traditional banking methods such as debit and credit cards. Among these, Bkash is the most popular payment method without a doubt.
Bkash is the most popular mobile wallet in Bangladesh and is widely accepted by legitimate betting sites. It offers a secure and easy-to-use service that allows quick and convenient transactions without the need for a traditional bank account or card. Transactions are completed instantly, making it a perfect payment method for online betting. In this guide, we cover all you need to know about how to deposit and withdraw funds from your betting account using Bkash.
Top 5 Bkash Betting Sites
Since the boom of the betting culture in Bangladesh over the last five years, hundreds of popular betting sites have started accepting Bkash. According to industry insights and user reviews, the top 5 betting sites that accept Bkash are as follows:
1xBet
JeetBuzz
MelBet
1Win
Parimatch
What is Bkash?
Developed by BRAC Bank PLC, Bkash (also written as bKash) is the most popular mobile payment system (MFS) in Bangladesh. It is primarily used to send and receive money domestically within Bangladesh, although it offers other financial services as well. Bangladeshi people can also pay their utility and telephone bills with this mobile wallet.
The popularity has skyrocketed since its initial launch, although the biggest success came when Bkash became the first unicorn startup in Bangladesh in 2021, achieving a total valuation of over one billion USD. Two years later, Bkash became the regional sponsor of the Messi-led Argentine football team.
For the last ten years, some of the biggest names in the global industry have invested in Bkash, such as the Bill & Melinda Gates Foundation, Ant Financial and SoftBank (Vision Fund 2). According to recent estimates, Bkash has over 70 million Bangladeshi users with over 70% penetration rate in the rural areas of Bangladesh.
How to Deposit on a betting site using Bkash?
Most betting sites legally operating in Bangladesh accept deposits through Bkash. Bangladeshi bettors can use it to make their first deposit and claim the signup bonus. Almost every betting site that accepts Bkash follow quite a similar deposit method, which is as follows:
Visit the official site from a PC/laptop or launch the betting app on your smartphone.
Log in to your account using your ID and password.
Click on the “Profile” icon (you may get it under the “Menu” option on some sites).
Click on the “Deposit” option.
Select “Mobile Payment” or “Mobile Wallet” as the preferred deposit method.
Choose “Bkash” as the gateway.
Enter the amount on the deposit slip, fill in the details and click the “Deposit” button.
Complete the transaction on the payment gateway.
It is necessary to deposit an amount more than the minimum deposit limit (100/- BDT in most sites) to use Bkash. Additionally, a minimum deposit is also needed to claim the signup bonus.
How to withdraw from a betting site using Bkash?
Similar to deposits, most betting sites operating in Bangladesh accept Bkash for withdrawing funds from the betting wallet. The minimum withdrawal amount needed for a withdrawal through Bkash is 500/- BDT (Bangladeshi taka) in most sites. Follow the steps below to withdraw funds:
Open the official betting site or launch the app.
Log in to the dashboard using the correct credentials (ID and password).
Click on the “Profile” icon, usually placed at the top-right corner.
Select the “Withdraw” option (some sites may have it under the “Menu” option).
Choose “Mobile Payment” or “Mobile Wallet” as the withdrawal method.
Select “Bkash” as the gateway and enter the amount you want to withdraw (must be above the minimum withdrawal limit).
Enter all the required details and click on the “Withdraw” button.
Bkash Withdrawal Fees
Almost all betting sites available for Bangladeshi bettors accept Bkash. In most sites, you don’t need to pay any withdrawal fees to get your funds through it. All you need is to have at least the minimum withdrawal amount (500/- BDT in most cases) in your main betting wallet.
Very few sites that charge a withdrawal fee for transfers through Bkash offer nominal rates. In most cases, the charges are between 0.5% and 1% of the total amount withdrawn (many sites have an upper cap of 100/- BDT).
However, Bangladeshi bettors must submit their KYC forms along with two official IDs before they proceed with the first withdrawal. It is also recommended to use the personal Bkash account to get the funds.
Pros and Cons of using Bkash to bet online
New-age Bangladeshi bettors now prefer mobile wallets over traditional banking systems to deposit and withdraw their funds from their betting wallets. Let’s look at the pros and cons of using Bkash to bet online.
Pros:
Legal tender throughout Bangladesh.
Hundreds of legit betting sites accept Bkash.
No transaction fees are required in most betting sites.
Fast payment processing time.
Get your funds in the Bkash wallet within minutes.
Complete security of your funds.
Lower minimum deposit and withdrawal limits.
Get 24/7 support for Bkash transfers.
Cons:
The maximum withdrawal limit is 50,000/- BDT on most sites.
Need a Bangladeshi phone number with a +880 extension.
Bkash Verdict
Bkash was the first mobile payment system to be integrated into the popular international betting sites that legally operate in Bangladesh. Right now, over 95% of the betting sites accept Bkash for both deposit and withdrawal.
The shortest transfer time is the biggest advantage of using Bkash, as you can get your funds almost instantaneously. Most betting sites also don’t have any transaction fees attached. However, make sure you have deposited at least the minimum deposit amount to claim your signup bonus. For withdrawal, players must have more funds available than the minimum withdrawal limit.
Related Article: How to register with JettBuzz Bangladesh
Alternative Deposit Methods to Bkash
It is true that Bkash is by far the most popular transfer method among Bangladeshi bettors, although it is not the only mobile payment system which you can use to deposit and withdraw funds from the betting wallet. Some of the best alternatives to Bkash that you can safely use are as follows:
Rocket
SureCash
UnionPay
Neteller
Skrill
PayPal / Payoneer (For international transfers)
Similar to Bkash, most betting sites also offer fee-less transactions for Rocket and SureCash. Bangladeshi bettors can even use their debit and credit cards powered by Visa or Mastercard to deposit and withdraw funds.
FAQ
Is it safe to deposit using Bkash?
Yes, it is safe to use Bkash to deposit funds in the betting wallet. Any Bangladeshi bettor can deposit a greater amount than the minimum deposit limit (100/- BDT in most sites) using their Bkash wallet.
Is it free to deposit using Bkash?
Yes, it is free on most betting sites. Bangladeshi bettors don’t need to pay any transaction charge to deposit funds on their betting wallet through Bkash.
What is the best Bkash betting site in Bangladesh?
1xBet and JeetBuzz are the two best betting sites that offer both deposit and withdrawal through Bkash without any transaction fees. Parimatch and Melbet, two of the longest-running betting sites, also accept Bkash.
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