Crypto Gambling in Nigeria

Cryptocurrencies have gotten a lot of buzz in Nigeria over the past few years. There has been relentless speculation in the value of cryptocurrencies like Bitcoin and more. The future is still very unclear for the virtual currencies and no one knows where it is headed. Did you know that you can also use crypto for gambling?

In this crypto gambling guide, we will walk you through what cryptocurrencies are, how gambling with crypto works, and the best gambling site for cryptocurrencies. We will also talk about some of the best sites to buy crypto at and how to properly store them. Enjoy your reading!

What are cryptocurrencies?

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Crypto is a sort of digital currency. It is powered by blockchain technology which is a new technology expected to disrupt technology.

All cryptocurrency transactions are stored in a public ledger. There are thousands of computers verifying the transactions and it is impossible to reverse them. You might ask if cryptocurrencies are safe. As we will tell you later in this crypto guide it is safe as long as you take the necessary precautions.

Most popular cryptocurrency casinos

Here are some of the most popular cryptocurrency casino types. Later in this crypto guide, we will tell you more about the best crypto gambling sites in Nigeria.

Bitcoin Casinos

Logo of Bitcoin

Bitcoin gambling sites are the most popular out of any crypto casinos. This has a lot to do with Bitcoin being the first cryptocurrency in the world. That is why Bitcoin casinos were the first to accept crypto gambling. We will still consider betting with Bitcoin to be the safest option if you want to gamble with crypto. The reason for this is that it has been the most stable crypto and it has been around for over a decade.

Bitcoin was created in 2009 by a person named Satoshi Nakamoto. We still don´t know who this mysterious person is. Some even say it might be more than one person behind this synonym. It remains a mystery but Bitcoin has been the most valuable cryptocurrency since the start. It is still somewhat considered the reserve currency for crypto. Just a few years ago all crypto transactions were conducted in Bitcoin.

What is a Bitcoin casino?

Simply put, a Bitcoin casino is an online casino or betting site where you play in Bitcoin. Both withdrawals and deposits are made with the cryptocurrency so you need to buy them first. Later in this guide, we will talk more about how to buy crypto.

Ethereum Casino

Logo of Ethereum cryptocurrency

For many years now there has been a battle between Bitcoin casinos and Ethereum casinos. They are the two largest cryptocurrencies and many users actually prefer Ethereum. The reason for this is that they are considered being more flexible and having lower fees.

These reasons have made Ethereum casinos almost as popular as their Bitcoin counterparts. Betting with Ethereum is easy to come by in Nigeria.

Litecoin Casino

Litecoin has always been considered the lite version of Bitcoin. The technology works in a similar way but the transactions are faster and cheaper. That´s why many players have decided to play at Litecoin casinos instead of Bitcoin casinos. To us Litecoin betting is a great option but of course it´s up to the player to choose which crypto to use.

Monero Casino

Monero is a crypto that prides itself in privacy. Although Bitcoin and Ethereum are difficult to track, Monero is totally anonymous.

Many players like this privacy so they choose to bet on Monero betting sites in Nigeria.

Betting with crypto

Crypto betting is quite popular in Nigeria. It provides fast deposits and withdrawals so you can easily get started. There are about a handful of crypto betting sites used by Nigerian players but technically you can play at any betting site offering crypto.

Crypto football betting

Crypto football betting works as normal betting. The main difference is that you play with crypto instead of real cash. Especially in Africa, this is common because of limited payment options.

After you´ve deposited crypto at a betting site you can then bet on any football matches available.

Crypto games

If you prefer to play other casino games with crypto, rather than betting, that is also possible. Most casino games are actually available to play at the available crypto casinos in Nigeria. We are now going to talk about the different games that can be played at crypto gambling sites.

Crypto casino games

You can play all the normal casino games with crypto. No matter if you are looking for crypto Blackjack or crypto Roulette, they will be available at all the best crypto casinos.

Stake crypto casino is one of the best sites to find these games.

Live casino with Crypto

Crypto live casinos are available at all the big crypto gambling sites. Here you play with a real dealer in realtime. They are broadcasted by game developers as Evolution Gaming and Pragmatic Play.

Crypto slots

If you want to play your favourite slots with crypto you can consider yourself lucky. Pretty much all the big names like Starburst and Gonzo´s Quest can also be played by crypto. They work exactly the same way, except that you bet with Bitcoin, Ethereum, or some other cryptocurrency.

You can find all your normal favourites like NetEnt and Microgaming also at crypto casinos.

Free crypto slots

If you want to try to play a slot before depositing crypto you can do it at most Nigerian online casinos. Some require you to log in but at most crypto casinos you can just visit the game lobby and try crypto slots for free.

Best crypto slots

For now, there is no reason to make a list of the best crypto slots. These are the same as the slots at other casinos online. If you want to read more about slots we recommend you to read our guide Online Slots in Nigeria.

Best crypto casinos

Here are some of the best crypto casinos that Nigerian players can play at.

Cloudbet

Cloudbet is a crypto gambling site that specializes in gambling with crypto. At this casino, you can deposit with most of the popular cryptocurrencies. When you are depositing crypto at Cloubet it is done with the current exchange rate for the crypto you are using.

Cloudbet offers a beautiful and interactive website that we would consider modern. The language of the website is English for Nigerian players. If you like sports betting with crypto you can also find that here.

Cloudbet accepts Bitcoin, Ethereum, Dogecoin, Dash, Litecoin, Solana, and a few more.

Stake

Stake is said to be one of the largest crypto gambling sites online. Here you can find sports betting, online slots, and much more. They have been around since 2017 so they were one of the first betting sites offering gambling with crypto for Nigerian players.

New players at Stake can get a crypto bonus consisting of a cashback of up to 10%. They are currently not offering any welcome bonuses but if you are a regular player you can join their VIP Loyalty Program. Members of the VIP program can get bonuses and other benefits that makes playing more fun.

You can actually buy crypto at Stake. The deposit methods used for that are Apple Pay, Google Pay, and Mastercar, among others.

Slot Hunter

Slot Hunter feels like a very adventurous casino thanks to their design. When you enter the casino you feel like you surely are in for an adventure.

Slot Hunter offers online slots, live casino, mystery drops, card games, and progressive jackpots. They have live casino games from Quickfire and Evolution Gaming among other.

It´s in their loyalty program where the actual adventures start. There you can follow an exciting map with plenty of treasures on the way. From these you can get cash bonuses, a cashback up to 9% and larger withdrawal limits. The last level of the loyalty program is actually a secret and even we don´t know what is hiding there.

The welcome bonus at Slot Hunter can give you up to 300 dollars in bonus funds and 200 free spins in the slot Book of the Fallen from Pragmatic Play.

N1Bet

N1Bet is another popular casino which allows you to do sports betting with crypto. They even have esports betting with crypto which is very impressive. There you can use crypto for betting on CS:GO and Overwatch, among other popular esport games.

You can deposit with Flutterwave, VISA, Mastercard, USSD, and bank transfer. Unfortunately deposits with crypto is currently unavailable at N1Bet. Having said that, it´s still a great betting site to play at.

The welcome bonus gives 300% extra up to 300,000 Naira.

BitStarz

Bitstarz Logo

BitStarz comes in last but not least. This is probably the most famous crypto betting site in the world. One of the reasons for that is that it was one of the first online casinos that offered players to deposit Bitcoin and other cryptocurrencies.

They are offering a deposit bonus of up to 500$ with 200 free spins for new players. Apart from that they have regular promotions like Weekly Free Spins Drops, Second Chance Spins, and a VIP Cashback Deal. Cryptocurrencies that are accepted are Bitcoin, Litecoin, Cardano, Dogecoin, Ripple, and more. You can also buy crypto with a credit card.

How do I buy crypto?

To buy crypto you need to register an account at a crypto exchange. It works just the same way as registering a casino account. You just find the exchange you want to use and then you follow these steps.In the next header we will recommend what we think are the best cryptocurrency trading platforms.

  1. Select a Cryptocurrency Exchange:
    • Choose a reliable exchange like Binance, Coinbase, or Kraken.
    • Ensure the exchange allows residents from your country to create accounts.
    • Check the fees associated with trading and withdrawal.
  2. Create and Verify an Account:
    • Sign up using your email address.
    • Verify your identity by providing the necessary documentation (usually a government-issued ID and a utility bill).
    • Ensure that your account is secured using two-factor authentication (2FA).
  3. Deposit Funds:
    • Fund your account using a bank transfer, credit card, or other available methods.
    • Be aware of the fees associated with different deposit methods.
  4. Purchase Cryptocurrency:
    • Buy the cryptocurrency of your choice (commonly Bitcoin or Ethereum for gambling purposes).
    • Be aware of the minimum purchase requirements and transaction fees.

How To Deposit With Crypto at a Nigerian Online Casino

After you have bought crypto it is time to deposit at a crypto casino.

  1. Select a Reputable Casino:
    • Choose a casino that accepts cryptocurrency and is accessible to Nigerian residents.
    • Check reviews and ensure the casino is licensed and regulated by a recognized authority.
  2. Create and Verify a Casino Account:
    • Register on the casino platform using your details.
    • Verify your account if necessary, following the casino’s specific procedures.
  3. Deposit Cryptocurrency:
    • Go to the deposit section and select the cryptocurrency option.
    • Copy the casino’s crypto wallet address or scan the QR code provided.
    • Go back to your cryptocurrency exchange or wallet, and send the desired amount to the casino’s address.
    • Ensure you double-check the address before confirming the transaction, as crypto transactions are irreversible.
  4. Confirm Deposit:
    • Wait for the transaction to be confirmed on the blockchain (this may take a few minutes to hours, depending on network congestion).
    • Check your casino account balance to ensure that the deposit is successful.

Best sites for buying crypto

Here are some of the best crypto exchanges. At all of these you can buy crypto, sell crypto, and use for depositing at betting sites or online casinos in Nigeria, Ghana, Cameroon, and many more countries.

Binance

Binance is the largest crypto trading platform in the world. They have the largest user base but they also offer the most financial services. As a user you can save, borrow, and trade cryptocurrency like Bitcoin, Ethereum, and many more. The selection of different cryptocurrencies is second to none. You can also find other trading services like options, futures, and leverage. There is not a single crypto platform that is as versatile as Binance.

According to us Binance is also the best site to buy cryptocurrency with credit card.

Bittrex

Bittrex is another very popular crypto trading platform. Their focus has always been safety. The company was actually founded by people who were previously safety specialists at Amazon.

At Bittrex you can trade hundreds of different cryptocurrencies with low fees. They were founded in 2014 and their growth has exploded since then.

Bittrex is the best site for crypto trading with an easy-to-use interface and hundreds of different cryptocurrencies available to buy and sell. Deposits at crypto betting sites is of course also possible.

Coinbase

Coinbase was founded in 2012 and has millions of users around the world. To many people this is how they start trading crypto. The reason for that is that their platform is ridiculously easy to use. You just tell them which crypto you want to buy and they will do it for you. The problem with this is that the prices they charge are a bit higher than at other crypto platforms.

We´re not huge fans of the normal Coinbase because of the high fees. However, some Nigerian players think this is the best site to buy crypto. We prefer Coinbase Pro that has smaller fees. It´s up to you to choose between these two options:

Kraken

Kraken is one of the oldest crypto trading platforms. They were founded already in 2011, only 2 years after Bitcoin was first created.

They have been around for over a decade so your funds and crypto will definitely be safe there. The website is not the most modern looking but they still have millions of users. It´s currently the 4th largest crypto trading website in the world.

You can use Kraken to buy Bitcoin and deposit at Nigerian gambling sites. They also offer most other popular cryptocurrencies like Ethereum, Ripple, Monero, and Litecoin. Of course, you need to complete a KYC procedure but after that, you can withdraw up to $5000 per day.

Are crypto casinos safe?

Crypto casinos themselves are very safe. You don´t need to worry about the safety of your crypto while storing them at a casino.

However, you need to make sure to keep your crypto wallet safe. The crypto wallet is where you are storing your cryptocurrencies. This can be either offline or online. Many store them at an exchange which has its own risks. We recommend you to keep up to date with the current safety advice for crypto. There has been some instances of people losing their cryptocurrencies while storing them unsafely on an exchange.

Is crypto legal?

We constantly get the question if cryptocurrency is legal or if crypto is illegal. We understand the concern but there is nothing illegal about betting with crypto in Nigeria.

Conclusion

So, what is the best cryptocurrency to invest in this year? No one has a clear answer to this very difficult question. We still hope this crypto gambling guide for African players will help you get started with cryptocurrency and crypto gambling. It´s an exciting technology and a totally new market. We are happy that players are finding great use for this new technology. Did you also know that it is very cheap to send crypto abroad? If you are looking to send money to or receive money from abroad, crypto might be your best option.

We hope you enjoyed this guide and don´t forget to send us your best crypto gambling sites.