Over the years, Bitcoin has emerged as a strong force in the crypto landscape as its popularity has increased, and it has become a preferred method for various kinds of payments, including sports betting in Nigeria. It should be noted that demand for crypto sports betting sites is increasing. With about 560 million crypto wallet users across the world, there is a prediction that over 182 million users will place bets at betting sites by 2029. So, with this in view, let’s highlight the top-rated betting sites in Nigeria.
Overview Of Bitcoin Sports Betting
The decentralized nature of Bitcoin, along with its potential for fast transactions and enhanced privacy, has attracted many bettors and bookmakers across the country.
This rapid rise in popularity is also attributed to the heightened security measures associated with blockchain technology. So, as Nigeria navigates through the digital age, using Bitcoin for sports betting reflects a modern approach to online gambling.
It also presents a potential for the future of betting in the country that is not dependent on bank transfers and other regular payment methods.
Top Bitcoin Betting Sites In Nigeria
1. BC.Game
BC.Game was established in 2017 and licensed in Curacao. It provides a platform for sports betting and casino gaming. The site has an extensive sportsbook covering many traditional sports and esports. From football to basketball and Dota 2, there is a niche of sports that caters to a diverse range of interests.
The casino features over 10,000 games, including offerings from popular providers like NetEnt, Evolution Gaming, and Pragmatic Play. Players have access to several games, ranging from slots to live dealer options.
BC.Game supports Bitcoin and other cryptocurrencies such as Ethereum, Litecoin, etc. to facilitate seamless user transactions. The minimum Bitcoin deposit on this site is 0.000000001 BTC and a blockchain fee.
While you can use card payments for deposits to purchase crypto, withdrawals from BC.Game are exclusively processed in cryptocurrency. Also, BC.Game imposes a small processing fee, starting at a minimum of 0.1% of the total transaction amount.
2. Cloudbet
Cloudbet was established in 2013 and licensed by Curaçao eGaming. It is operated by Halcyon Super Holdings BV and emphasizes accessibility and trust.
This site offers a comprehensive selection of sports and esports betting markets. Football fans, for instance, can bet on global leagues, including the English Premier League, UEFA Champions League, etc.
With competitive odds and impressive betting features, Cloudbet also enables you to stake in basketball, tennis, horse racing, and esports. On the site, you can use Bitcoin and many other cryptocurrencies as payment methods.
A new account at Cloudbet comes with some freebies. The welcome package will get you a 100% bonus of up to 5 BTC as the minimum Bitcoin deposit on the site is 0.0001.
3. 1xBet
1xBet is a popular bookmaker for millions of sports fans across the world. This is owed to its good odds, extensive games, fast payouts, and unique markets. This site accepts 30 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dogecoin, USDT, etc.
You can play sports like football, basketball, tennis, and volleyball on the platform. 1xBet also supports casinos with a bonus on your first deposit. The minimum Bitcoin deposit on this site is 0.000001256 BTC.
4. 1xBit
1xBit is a crypto-only sports betting site that enables you to use over 50 different cryptocurrencies, including Bitcoin. About 2,000 football games are available daily on the platform, with most games having over 1,000 bet types. Other sports are basketball, baseball, ice hockey, etc.
While you can not make deposits or withdrawals using Nigerian naira, having an account with a crypto exchange is important to enable 1xBit. You can purchase Bitcoin and other cryptos via exchanges directly from a player account.
The minimum Bitcoin deposit on 1xBit is 0.001 BTC as the platform promises new users up to a bonus of 7 BTC when they deposit 0.0001 BTC.
5. 1Win
1Win is another top Bitcoin betting site that has a robust sports library in Nigeria. It supports various sports, including basketball, tennis, cricket, volleyball, and whatnot.
You can deposit money into your player account through bank transfers from any local Nigerian bank and withdraw as crypto. This makes 1Win process crypto withdrawals quickly at reasonable exchange rates. So you can bet using Bitcoin and other cryptocurrencies on the platform. The minimum crypto deposit on 1Win is N500.
How To Deposit With Bitcoin On Betting Sites In Nigeria
Here are the common and simple steps to use BTC on betting sites:
- Set up a Bitcoin wallet as the digital repository for your BTC holdings.
- Complete the KYC (know your customer) procedure as every Bitcoin wallet and exchange requires.
- Choose the amount of Bitcoin that you want to buy.
- Research and choose your preferred Bitcoin betting site.
- Make a deposit by choosing Bitcoin as your preferred payment method.
- Confirm the deposit and get started after the funds appear in your account balance.
Frequently Asked Questions (FAQs) About Bitcoin Betting Sites In Nigeria
Is Using Bitcoin Betting Sites Illegal In Nigeria?
It is not illegal to use Bitcoin betting sites in Nigeria. However, according to the directive from the Central Bank of Nigeria (CBN), it is illegal for banks to process payments for virtual asset exchanges. This means that banks are not authorized to deal with crypto exchanges. As such, you can use third-party services to facilitate your crypto payment and exchange it for fiat currencies.
Prestmit is a leading platform on which you can sell Bitcoin for cash in Nigeria. This includes other cryptocurrencies like Ethereum, USDT, Litecoin, Dogecoin, Binance Coin, and Tron.
What Is The Best Crypto Betting Site In Nigeria?
The best crypto betting site for you will be a function of the minimum deposit, fees, security, sports, and other features that make your betting worthwhile. But some of the best sites are 1xBit, BC. Game, Cloudbet, 1xBet, and 1Win.
Why Should I Use Crypto For Betting?
There is a variation to why you should use crypto for betting. While some may want to store more crypto without spending the actual money, others may just want to support the crypto ecosystem to thrive more.
Conclusion
As the crypto landscape continues to evolve, there is a belief that more betting sites will join the fray, solidifying Bitcoin’s status as a popular and preferred method for sports betting transactions in Nigeria.
Nevertheless, it is essential to research and understand how using Bitcoin and other cryptocurrencies works with bookmakers before creating an account with them
