Crypto Betting Sites in Nigeria

If you've found your way here, it's safe to say you've got a thing for both cryptocurrency and betting. Over here, we will show you the best crypto-betting sites available in Nigeria.

Crypto Betting Sites in Nigeria

Company	bonusText	minDeposit	turnover	Action
#1 1xBet 5/5	300% Bonus Up To ₦145,600	minDeposit ₦400	turnover 10x	Review Claim Go to 1xBet
#2 Wazobet 5/5	110% Bonus Up To ₦55,000	minDeposit ₦100	turnover 5x	Review Claim Go to Wazobet
#3 Accessbet 4/5	100% Bonus Up To ₦10,000	minDeposit ₦500	turnover 10x	Review Claim Go to Accessbet

All you need to know about crypto betting sites

TABLE OF CONTENTS 📌

It's perfectly fine to be curious about crypto betting, especially if you're unfamiliar with it. However, having some prior knowledge can enhance your understanding.

We aim to guide you through the ins and outs of betting with cryptocurrency on different betting sites.

Here is a list of what to expect on this page:

An understanding of crypto betting sites
How crypto betting works
List of Crypto Betting Sites in Nigeria
The Benefits of Crypto in Betting
Disadvantages of Crypto in Betting
How to Deposit with Crypto
How to Buy Crypto

...and others.

How Crypto Betting Works 📖

Ever wondered how cryptocurrency betting works?

It's like using digital money to place bets online. Instead of traditional currency, you use secure and decentralised cryptocurrencies like Bitcoin, Ethereum, and more. It's an exciting way to bet on different platforms, offering a modern twist to the traditional betting experience.

Why Bet with Crypto?

You might also wonder, "Why bother with cryptocurrency in Nigerian betting?" Well, my friends, traditional payment methods have their fair share of hiccups in these betting streets.

Remember how deposits and withdrawals take forever to reflect on your various accounts? Cryptocurrency tackles these challenges head-on, offering faster transactions and lower fees.

Is Crypto and Crypto Betting Allowed in Nigeria?

It's worth noting that cryptocurrencies are not integrated into Nigeria's banking sector. Despite the absence of specific crypto laws, there is no legislation or legal provisions in place that criminalize the use of cryptocurrencies.

In fact, cryptocurrencies are actively traded on various cryptocurrency exchanges throughout Nigeria. As long as a betting site is registered under NLRC then they are legal to operate in Nigeria and can engage in crypto betting.

FREQUENTLY ASKED QUESTIONS

What is Cryptobetting?

Crypto betting involves using cryptocurrencies, like Bitcoin or Ethereum, for online betting activities. It utilizes blockchain technology for secure and transparent transactions, offering some features such as decentralization and anonymity.

Which betting site accepts Bitcoin?

Given Bitcoin's widespread popularity in the crypto world, it is common for active crypto betting platforms to include it in their options. Notably, 1xbet, Wazobet, and Accessbet are among the betting sites that accept Bitcoin.

Is crypto betting allowed in Nigeria?

Yes, you can legally gamble with cryptocurrencies as long as you do it on a licensed betting site

Can you bet using crypto?

You can bet using cryptocurrencies on various online betting sites supporting crypto transactions. Popular cryptocurrencies like Bitcoin and Ethereum are commonly accepted for betting.

What are the top crypto betting sites in Nigeria?

1xBet, Wazobet, Accessbet.

Is crypto betting safe in Nigeria?

It is fast and transactions are super fast.

Crypto Betting Sites in Nigeria

	Crypto Betting sites	All you need to know about these betting sites
1	1xBet	1xBet is a top-notch sportsbook known for its wide range of sports betting options. What makes it stand out is that it accepts cryptocurrencies, including Bitcoin, and offers up to 40 different cryptos to choose from. But it's not just about crypto 1xBet is user-friendly, accepting traditional payment methods like fiat currencies, bank transfers, and popular e-wallets, making it easy for everyone to enjoy their platform. The platform stands out for its user-friendly interface, making depositing and withdrawing funds in crypto easy. With a few clicks, crypto transactions are carried out, and this speed enhances the overall betting experience.
2	Wazobet	Wazobet, a leading Nigerian betting platform, facilitates the convenient deposit and withdrawal of funds through cryptocurrencies. While it currently supports Bitcoin and Litecoin exclusively, the process of depositing crypto on Wazobet is remarkably swift and straightforward. To compensate for its limited crypto options, Wazobet excels by providing various other deposit methods and even accepting transactions in dollars, making it a standout choice for bettors.
3	Accessbet	Accessbet is another platform in Nigeria that accepts Bitcoin, providing users with the option to engage in crypto betting. The payment process is easy, and there is no extra fee. With AccesBet, you can easily connect your wallet directly to your account and make transactions. There are up to nine cryptos available for transactions on this site. This bookmaker operates with a 2-wallet system, allowing you to switch between your main wallet and the FTN wallet seamlessly. Which means you can easily bet in Naira or cryptocurrency.

Depositing on Crypto Betting Sites

Depositing on a crypto bookie is incredibly quick, easy, and hassle-free. Unlike traditional betting sites that often require inputting credit or debit card details, crypto bookies streamline the process. As our top choice, we'll use 1xBet as an example to demonstrate the straightforward steps for making a deposit.

How to deposit on Crypto Betting Sites in Nigeria

Register with 1xBet

The first thing to do is Register with 1xBet if you do not have an account. It is super easy

Visit 1xBet and click the "Registration" button
Select "By Phone" as your registration method
Enter your phone number and request a confirmation code
Fill in the other details
Enter your confirmation code
Choose your preferred bonus
Click Register

You can read this detailed guide on how to register.

Navigate to the Deposit Section

After registering, log in and head over to the deposit section of the platform.

This is typically found in the right corner of the main page with a green-in-colour button.

Choose the cryptocurrency you want to deposit

Choose the cryptocurrency you want to deposit with. 1xBet supports various cryptocurrencies. On 1xBet, there is a long list of about 38 different cryptocurrencies available, and you can pick your desired coin.

Generate Deposit Address

1xBet will generate a unique deposit address for the chosen cryptocurrency. This address is where you'll send your funds. Each deposit address is unique to a particular coin.

So, using the specific deposit address peculiar to each coin is advised. You can click the confirm button.

Transfer Crypto

Remember that we have touched on how to get and fund your crypto wallet. What you need to do now is to copy the address as seen on 1xBet or scan the QR code.

Then, use that crypto wallet to send the desired amount to the provided deposit address.

Wait for Confirmation, and Start Betting

Being your first time, cryptocurrency transactions may take some time to confirm on the blockchain. Wait for the transaction to be verified. Once confirmed, check your 1xBet account balance. Your deposit should reflect, and you can start betting with crypto.

Remember to double-check the deposit address to ensure accuracy and follow the specific instructions provided by the betting site, in this case, 1xBet for cryptocurrency deposits.

How to Buy Crypto in Nigeria

Cryptocurrencies are traded like regular currencies on the foreign exchange market, with prices changing relative to each other. What sets them apart is the ability to send them without a bank.

Now that we are here, it is important to state that dealing with crypto requires a lot of care and attention to detail. Proceed with caution when buying or depositing cryptocurrencies, as a simple mistake, such as sending funds to the wrong network, could result in the irreversible loss of your money. There are different coins and also networks. While some coins may accept networks like BEP2, ERC20, and BEP20, others may not.

With crypto, mistakes are not forgiven!

Once you make an error of sending it to the wrong network, you automatically lose your money. Double-check all transaction details to ensure accuracy and security, safeguarding your digital assets from potential risks.

How to Buy Crypto

The first step when buying a coin is to have a cryptocurrency wallet.

Having a cryptocurrency wallet is an essential starting point!

What is a Cryptocurrency Wallet?

A cryptocurrency wallet is a digital tool that allows users to securely store, receive, and send their cryptocurrencies. It doesn't actually "store" the coins but rather stores the cryptographic keys (private and public keys) needed to access and manage the user's cryptocurrency holdings on the blockchain.

Cryptographic keys play a central role in securing transactions and ensuring the integrity and authenticity of digital assets.

There are lots of crypto wallets out there, like Ledger Nano S, Trezor, MyEtherWallet, Trust Wallet and many others. But for the sake of this article, we will pick Trust Wallet and guide you on how to open it.

How to open a Trust Wallet Account

Step 1: Get the latest Trust Wallet App on the Trust Wallet official site, or visit your APP/Google Play Store to download it.

Step 2: Register with Trust Wallet. Input the necessary details

Step 3: Verify your account.

Step 4: Select “Create a new wallet” and press “Continue” to accept the terms.

Step 5: Copy and save your recovery phrase somewhere safe. (It is usually 12 words). These words will be used in case you lose access to your wallet, and they are the only way to regain access to the wallet.

Step 6: Verify your recovery phrase.

Step 7: You will get a screen stating, “Your wallet was successfully created.” Click OK.

Now that you have opened a Trust wallet, the next important thing is to fund your newly created wallet. Here is how to fund it:

How to Fund Your Trust Wallet

Log into your trust wallet.
Click on 'Buy'.
Select which cryptocurrency you want to buy
Choose your preferred payment method (credit card, bank transfer).
Select a provider (Transak, Moonpay)
Make payment and receive your cryptocurrency.

Here are some popular and legitimate cryptocurrencies; the majority of these coins are available on 1xBet: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB (BNB), XRP (XRP), Cardano (ADA), Solana (SOL), Dogecoin (DOGE), Polkadot (DOT), Polygon (MATIC), Shiba Inu (SHIB), TRON (TRX), Avalanche (AVAX), Litecoin (LTC), Bitcoin Cash (BCH).

Deposit on 1xBet here

Pros of Using Crypto Betting Sites ✅

Swift Transactions ⚡: Gone are the days of waiting for days on end for your winnings to enter your bank account. Cryptocurrency withdrawals are lightning-fast, providing almost instant access to your funds.

Privacy and Anonymity 🕵️: Cryptocurrency transactions provide privacy and anonymity that traditional methods can't match. With crypto betting, you do not need to input your card details or BVN and risk being hacked or having your details saved on an unwanted site. This makes sense if you do not like sharing personal information.

No Payment Limits 🔓

Traditional platforms often restrict wagering amounts, limiting the engagement of both high rollers and casual bettors. Cryptocurrency introduces a significant advantage in betting with its flexible payment limits. You can deposit and withdraw a significantly higher amount compared to a regular betting site.

Low Transaction Fees 💸

Betting with crypto means buying and betting crypto with little to zero transaction fees. For instance, if you buy a coin called FTN, as seen on Accessbet, be sure there are zero charges on any transaction you make. However, this is unique for each site. Please confirm with the site before you go ahead.

Cons of Crypto in Betting Sites ❌

Too cumbersome: Understanding the intricacies of crypto betting sites can be challenging for newcomers. Navigating through various processes, from setting up a digital wallet to comprehending cryptocurrency transactions, may seem overwhelming initially.

The market fluctuations

The value of cryptocurrencies can be unpredictable. While this volatility can be advantageous for investors, it poses a risk for bettors. Imagine winning big only to see the value of your earnings fluctuate wildly.

Requires extra attention to details: Utilizing crypto betting sites demands heightened caution, particularly when dealing with wallet addresses and networks. One small mistake, such as pasting funds into the wrong wallet address, can result in irreversible consequences. The need for meticulous attention to detail is crucial to avoid potential financial losses.

Quick Comparison of Bookmakers that accepts Crypto	1xBet	Wazobet	Accessbet
Welcome Bonus Offer	₦145,600	₦50,000	₦10,000
Variety of Available Crypto	38	2	9
Accepts Regular Payment Method	Yes	Yes	Yes
Available Betting App	Yes	No	No
Sports	40	20	15

Summary

Adebimpe Temidayo

In this article, we have touched on the nitty-gritty of crypto betting, which should give you the confidence to bet with crypto.

While crypto betting has yet to gain so much popularity in this part of the world, some betting sites are adapting to this new trend as it is the next big thing in the gambling world.

Despite seeming a bit tricky, the process is simplified, and you can read this page again to learn everything you need to know about crypto betting so you do not miss out on massive opportunities, bonuses, promos, high odds and much more.

Embrace the constant evolution and elevate your wagering adventure. You can take your betting to another exciting level with crypto today! Do not forget to bet responsibly.

List of Crypto Betting Sites in Nigeria

Company	bonusText	Action
#1 1xBet 5/5	300% Bonus Up To ₦145,600	Review Claim Go to 1xBet
#2 Wazobet 5/5	110% Bonus Up To ₦55,000	Review Claim Go to Wazobet
#3 Accessbet 4/5	100% Bonus Up To ₦10,000	Review Claim Go to Accessbet

Crypto Betting Sites in Nigeria

Crypto Betting Sites in Nigeria

All you need to know about crypto betting sites

How Crypto Betting Works 📖

Why Bet with Crypto?

Is Crypto and Crypto Betting Allowed in Nigeria?

FREQUENTLY ASKED QUESTIONS

Crypto Betting Sites in Nigeria

Depositing on Crypto Betting Sites

How to deposit on Crypto Betting Sites in Nigeria

How to Buy Crypto in Nigeria

How to Buy Crypto

What is a Cryptocurrency Wallet?

Pros of Using Crypto Betting Sites ✅

Cons of Crypto in Betting Sites ❌

List of Crypto Betting Sites in Nigeria

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