Betting Sites that Accept Bitcoin in Nigeria
How to Choose a Bookmaker with Bitcoin
Since cryptocurrency transactions are irreversible, it’s crucial to pick a reliable sportsbook to bet conveniently and minimise the risks. These 6 key factors will help you make an informed decision:
- Nigerian Licence. Ensure a site holds a valid licence, such as from the National Lottery Regulatory Commission (NLRC) or Lagos State Government. You can choose any from our selection, as we recommend only legal sportsbooks.
- Transaction Limits. Different bookmakers with Bitcoin betting have varying limits for crypto transactions. Review the minimum and maximum transfer amounts to ensure they suit your budget.
- Security. Blockchain-based payments offer enhanced safety due to its technology. However, prioritise sites with strong security measures. Look for platforms that offer robust encryption (SSL certificates) and multi-factor authentication (MFA) to safeguard your account.
- Mobile Compatibility. Check which platforms offer convenient betting apps for your device. If you use cryptocurrency exchange applications, you may want to place stakes from the same device.
- Bonus Availability. Some crypto betting sites may exclude Bitcoin transactions from their offers. Be sure to review the terms and conditions carefully to check if you can qualify for the bonus.
- Exchange Rates and Fees. BTC value can fluctuate, and some websites may apply less favourable exchange rates when converting. Additionally, check if the bookie charges any transaction fees for virtual currency transactions.
Bitcoin Betting Sites
Our team has thoroughly reviewed betting sites supporting this payment method based on the outlined criteria. Below you can see a detailed evaluation of their service. It’s worth noting that many bookmakers display their limits using mBTC (0.001 BTC) or µBTC (0.000001 BTC) for added clarity.
1xBet — Convenient Payments
1xBet remains among the top crypto betting sites due to its wide support of cryptocurrencies. The platform provides flexible limits for Bitcoin, with top-ups starting from as low as 0.00001 BTC, which is approximately ₦920. While this threshold is slightly higher than for other payment methods, it’s common for crypto transactions. Note that BTC funding excludes you from the welcome offer. Find out more in our detailed 1xBet review.
- Supports 36 cryptocurrencies
- Low minimum top-up of around ₦920
- No fees
Wazobet — Welcome Bonus Available
The minimum deposit on this site is set at 0.0002 BTC, roughly ₦1,800, and there’s no upper limit for transactions. However, crypto withdrawals come with a higher threshold, with a minimum of around ₦165,000. Best of all, Wazobet offers a welcome reward of up to ₦55,000 when you fund your account with Bitcoin.
- Newcomer reward of up to ₦55,000.
- No maximum limit for top-ups
Cloudbet — Focus on Cryptocurrencies
It is a modern platform that specialises in crypto betting, supporting around 40 digital currencies, including Bitcoin. You can make both top-ups and withdrawals with it, with the minimum transaction set at 0.00001 BTC (around ₦920). Note, however, that the platform charges a 5% fee on all transactions.
- Supports nearly 40 cryptocurrencies
- Deposits start at 0.00001 BTC (₦920)
Maxibet — High Limits
Maxibet is another bookmaker focused on digital currencies, allowing you to both fund your account and cash out using BTC. With flexible limits, you can top up as much as ₦1,400,000. The lack of transaction fees on this platform is also a plus. In addition, cashouts are relatively fast, frequently taking between 0 and 12 hours.
- Flexible limits
- No transaction fees
- Fast cashouts, typically within 0-12 hours
Deposits with Bitcoin in Nigeria
Here are the key advantages of using this service to fund your account:
- Fast processing times
- You can use this global online system from anywhere
- There is no need to use bank accounts/cards
Though Bitcoin deposits commonly don’t qualify for welcome bonuses on most platforms, the ability to fund your account quickly and privately remains a significant plus. Sites like 1xBet and Cloudbet allow instant top-ups from 0.00001 BTC (around ₦920), which is a minimum transaction for this blockchain-based currency.
However, very few sites in Nigeria accept such transactions. Also, some betting sites that accept crypto charge fees, so check the rules or support before paying to avoid unpleasant surprises.
How to Deposit Using Bitcoin
- Sign in to your bookmaker account.
- Navigate to the cashier or deposit section.
- Select the payment method and enter the amount.
- Scan the QR code or copy the address provided by the bookie.
- Complete the transaction from your digital wallet.
- Once confirmed, the funds will appear in your account, typically within minutes.
Be mindful of Bitcoin’s volatility, as its value can change rapidly. This means the amount you top up or win may be worth more or less by the time you withdraw compared to when you placed your bet.
Withdrawals with Bitcoin in Nigeria
Cashing out funds via this service at Nigerian bookmakers is generally quick and reliable. However, there are some key points to consider:
- Verification: Bookies require you to fully prove your identity before being able to withdraw. It’s best to complete it during registration to avoid delays later.
- Processing Time: Cashouts are often fast, with many sites processing within 0-12 hours. However, in some cases, it may take up to 24-48 hours, depending on the site and transaction volume.
- Minimum Limits: Bitcoin withdrawal thresholds can be higher than other methods. For instance, some platforms set the lowest around ₦165,000, so check the caps before you plan to pull out.
- Fees: While many Nigerian bookmakers offer fee-free payouts, some may charge extra for processing transactions. Always check the site’s policy to avoid unexpected costs.
How to Withdraw Using Bitcoin: Step-by-Step
- Log in to your account.
- Go to the cashier section.
- Select the method and enter the amount you wish to withdraw
- Provide your wallet address where the funds will be sent.
- Submit the withdrawal request, and wait for the bookmaker to process it.
Promotions on Bitcoin Betting Sites
There are few platforms that support this payment method and even fewer promotions. Most bookmakers, such as 1xBet, explicitly state in their bonus rules that the reward is not available to cryptocurrency users. Some sites like Cloudbet offer special prizes in BTC, but only for casino players.
We could only find one welcome offer for which Bitcoin deposits are eligible:
New Bitcoin Bookies
All currently available platforms were launched more than 5 years ago. The newest site that supports these payments is Maxibet, which appeared on the scene in 2021.
The Nigerian gambling market is quite large and constantly growing, so there may be new options coming soon. We will keep you updated.
Alternative Payment Methods
According to our research, you can bet with Bitcoins at a small number of Nigerian bookmakers. Therefore, you may want to consider other popular options offered by platforms and their limits*:
*The least you can top-up with the following options is ₦100 throughout.
| Payment System | Minimum Withdrawal, ₦ |
|---|---|
| Visa/Mastercard | 150 |
| OPay | 550 |
| PalmPay | 550 |
| EcoPayz | 19,856.12 |
