Crypto Betting Sites in Nigeria | TradeStable.com.ng

Cryptocurrency has quickly made its way into most industries and into our everyday lives. As you may already know, even the local government has created its own digital currency called e-Naira. If you are sending money to other countries or running an online business in Nigeria, then using cryptocurrency is almost essential.

Cryptocurrency, in a way, removes borders and gives regular people more freedom in deciding how they want to use their funds. Using crypto, you are able to make international payments and receive funds from overseas without having any middleman involved. Obviously, this opens up numerous opportunities and gives you access to products and services that you wouldn’t have been able to use otherwise.

Sports betting is not an exception – crypto sportsbooks (or at least crypto-friendly ones) often allow you to stay anonymous. Also, depending on what digital asset you are using, blockchain payments might often be a lot faster than traditional ones. For example, a Tether (USDT) payment on some networks can be processed in less than three minutes.

There are many more potential advantages to using digital assets in sports betting, so let’s go over all of them one by one.

Bitcoin Gambling in Nigeria

Bitcoin gambling is a term often used when referring to any kind of cryptocurrency, Bitcoin simply happens to be the most popular. Any betting operator that accepts Bitcoin, will likely accept a wide variety of different digital assets. Of course, there might be some exceptions, when a betting site prefers to stick strictly with Bitcoin or simply hasn't integrated other networks yet.

Using cryptocurrency to bet on sports in Nigeria isn’t any different from what it would have been like in any other country in the world.

First, you need to find a crypto currency exchange in Nigeria or one that would accept users from Nigeria. To be honest, most crypto exchanges would suit, however we would recommend going with one of the larger and better-known names like Binance.

Once you find a suitable exchange, where you can purchase crypto – you will need to find a betting site where you can use it. For a lot of people, this might seem like the most confusing part, however we will try to break this down into several easily understandable chunks.

Is it Legal?

Is it legal to use cryptocurrency for sports betting? Yes, it absolutely is. It is likely better to approach this question from a slightly different angle. Any kind of betting is only as legal as the betting operator that you are using.

In Nigeria, the best option is to stick with betting sites that hold a valid license issued by a local regulator. This way you ensure that you are protected by local laws. Alternatively, you can choose to use a betting site that holds one of the common (Malta or Curacao) international licenses. Both options are perfectly fine as long as you know what you are doing. In one of the sections below, we will give you a list of trusted betting operators along with information about their licenses. This should help you make an informed decision if you don’t yet have a “go-to” bookmaker.

Which Betting Sites Accept Crypto?

As we mentioned earlier, a lot of you might get confused at this stage because there are so many different betting sites that accept bitcoin in Nigeria. Indeed, blockchain technology has become so popular that most Nigerian betting brands will allow using crypto as your main player account currency.

Nevertheless, there are some betting sites that haven’t adopted blockchain. Some of the other ones that do support crypto payments, might not be your best options for other reasons. Therefore, we’ve put together a short list of betting sites that accept crypto payments and that we consider as being reliable and safe.

1xBet

1xBet is a well-known name in the betting industry, they are also quite popular in the Nigerian betting community. They have a well-balanced sports betting product with a lot of innovative features and a user-friendly interface.

1xBet holds a valid license issued by the National Lottery Regulatory Commission of Nigeria, which makes them a legal Nigerian betting company. There are several different ways how to register 1xBet in Nigeria and the entire registration process takes just under two minutes to complete. As soon as you have an account – you can sign in and top up your player wallet with crypto currency.

1xBet supports an impressive number of different digital assets – over 20 at the moment of writing this and more are being added over time.

Exclusive 1xBet Promo Code – 100NGN

In case 1xBet seems like a betting operator you would like to try – makes use of our exclusive promo code. The code is easy to remember, it’s 100NGN. You will need to enter this code on the registration page, so it is only applicable if you are a new player and don’t yet have an account. Using this code will give you an extra warm welcome at 1xBet, adding a small boost to the newcomer welcome bonus.

1win

1win stands out among all other betting sites mentioned here – they don’t have a Nigerian license, however they do hold a valid Curaçao (8048/JAZ2018-040) license. They might not be the best option for those of you who are still planning to use your regular bank accounts. In case you are planning to use only crypto – 1win Nigeria is a brand definitely worth considering.

You can choose between 10+ different cryptocurrencies and take advantage of various special offers and promotions. For example, all players can get a free bonus every day – the bonus size is always random, so every day you are up for a pleasant surprise. Other features like live streaming are also available to all registered players, you don’t need to have any money in your player account to watch live football games.

Exclusive 1win Promo Code – 100NGN

Just as the previous brand on our list, we have an exclusive promo code for 1win. The code is 100NGN, you can easily remember it and even share it with a friend. This code should be entered on the registration page, so is only for new players.

Using the code to create a new account will give a small boost to the welcome bonus in case you decide to claim it.

Melbet

Melbet has been around for quite a while, so most of you have probably heard about them, some might have even used them. Melbet also happens to be one of the most crypto-friendly sportsbooks in Nigeria and they have a local license. They hold licenses from two strictest local regulators: the Oyo State Gaming Board and the National Lottery Regulatory Commission. Therefore, they are probably the top pick in this list from a safety and reliability perspective.

The registration process is quick and straightforward, so you can get started within just a couple of minutes. Once registered, you will be able to make deposits and request withdrawals in over 20 different cryptocurrencies. Melbet also has a rather user-friendly interface, so would be a good option for novice bettors.

Exclusive Melbet Promo Code – 100NGN

Again, if you have never used Melbet before, but if you would like to give them a chance – we have a small present for you. A registration promo code – 100NGN. As before, this code can only be used by new players, so you should enter it on the registration page if you would like to get a welcome bonus boost.

Paripesa – Best Bitcoin Betting Site

At the moment, Paripesa is by far the best option for crypto betting in Nigeria. Yes, they might not have the largest number of supported currencies, but they have all the bases covered. Digital assets that enable fast payments are supported (i.e. Tron, USDT, XRP, etc.) and you can also make and receive payments using any local bank account.

In addition to easy banking, Paripesa simply has a good sports betting product, with a number of innovative features that are not yet available on other Nigerian betting sites.

Even though Paripesa is an international brand, they have a registered entity in Nigeria and an official NG website. They are also licensed by the Oyo State Gaming Board, you can always check their license yourself on the regulator’s website.

Exclusive Paripesa Promo Code – 200NGN

Finally, as you may have already expected we have a promo code for new players at Paripesa. The code is 200NGN and as every other code mentioned earlier, it should be entered on the registration page. The code will give you an extra boost to the standard welcome offer. It can be used by multiple people, so feel free to share it with a friend.

Responsible Betting

One last thing we would like to mention before wrapping this up is mental wellbeing. Sports betting is, for the most part, an awesome hobby. You get to enjoy your favorite sporting events more, you can support your favorite teams and you can hang out with fellow sports fans. However, we should remember that there is a somewhat darker side to it.

Please be mindful of your betting habits and how much you spend, try to have an allocated betting budget and never go over that budget. If you find yourself in a situation where your hobby is harming your everyday life – it is time to stop and take a break. You might need to consider getting help and a good place to start is https://www.gamblingtherapy.org/en. You can get 24/7 online support, where you can discuss your issues with a trained professional. There’s also an option to take part in group sessions where you can speak out and listen to similar stories from other people.