The number of Nigerian gambling sites is getting more and more numerous. However, gambling in Nigeria is mostly illegal. The government of this country is in charge of regulating all the activities that are related to gambling. With only a few exceptions, almost all gambling and betting activities are restricted by the right of Chapter 22 of the Criminal Code. However, Nigerians still have a lot of opportunities to place their bets on various activities, such as lottery or certain card games. Even more, there are three land-based casinos in this country that have the right to legally run their gambling operations as they are regulated by the national government.
When it comes to online betting, things are very fortunate as well for Nigerian gamblers. Online gambling is absolutely legal in this country, meaning that you won’t experience any risks from legal authorities while taking part in Nigerian online casinos. However, with online Bitcoin casinos in Nigeria, things can be a little bit more complicated. The main regulatory body in this country is the Nigerian Lottery Commission. They demand all casino operators obtain valid licenses in order to be allowed to run online casinos. Besides, Nigerian people can also use offshore gambling sites, as nothing is said in the law against reaching foreign gambling sites.
For those who plan to gamble with their cryptocurrencies in Nigeria, things are not very fortunate. Cryptos are not considered legal in this country. In fact, recently Nigerian Central Bank closed all existing crypto accounts of Nigerians and declared them banned. Due to the fact that people in this country are restricted to use cryptocurrencies, neither gambling with BTCs can be considered legal. However, laws related to crypto gambling is a little confusing because there’s no clear restriction of betting with Bitcoins in the Nigerian jurisdiction.
Today this country is far from crypto adoption but still, Nigerian Bitcoin casinos continue to operate and offer decent services. The law prevents local players from using cryptos on online casinos but these crypto gambling sites can receive customers from other countries and offer them their service. Just like this, Nigerian players tend to use online crypto casinos that are based overseas in order to get involved in gambling activities and use their cryptos.
Considering the fact that today increasingly more operators are developing online gambling sites in Malaysia, we decide to help our users in choosing the best one among them. For this reason, we reviewed numerous brands that accept players from Nigeria, as well as the ones that are based in this country, adn revealed the most reliable casinos among them that accept cryptocurrencies and offer the greatest service possible. So, check the list below, choose the most appropriate website, and read our reviews to get more information. Or click “Start Playing” and gamble on top Nigeria Bitcoin casino!
Bitcoin gambling is accompanied by certain advantages and disadvantages. Most items, papers are aware of the benefits there are related to betting by this digital currency but they hardly acknowledge the fact that sometimes it can be quite risky as well. Although players can take advantage of transaction speed, low commission fees, and ensure anonymity while gambling on Nigerian crypto platforms, also you might have to exchange cryptos into national currencies and pay capital gain taxes. We know that it’s very hard to choose between available options when it comes to crypto gambling. This is why we decide to outline a few key factors that will help you make the right choice. So, let’s start discussing the pros and cons of Bitcoin casinos in Nigeria.
|Transaction Speed||24-48 Hours||Instant|
|Withdrawal Time||3-4 business days||Instant|
The main reason why Nigerian gamblers frequently choose BTC casinos is that this cryptocurrency ensures that your information on online gambling sites in Nigeria stays completely private. Bitcoins are supported by the distributed ledger, called a blockchain. Thanks to this technology, your identity can’t possibly be linked to your BTC transactions, meaning that no one can trace your deposits and withdrawals that are made in Bitcoin. The same applies to other cryptocurrencies. Whether you gamble with Litecoin, Ethereum, or Dogecoin, your private information is completely anonymous. Unlike this, fiat currencies such as EUR, USD, NZD, etc., can mess your credit score because the chances are very high that the bank will find out you are involved in gambling activities.
Besides, BTC users can take advantage of the speed of crypto transactions. Not a single gambler like waiting for ages for their transactions to finally appear on their accounts. With traditional payment methods, interfering with the gambling process due to the slow transaction sped is one of the most common problems. But if you play on crypto casinos for Nigerians, none of these problems will be present. The average transaction speed for the 15 major cryptocurrencies is no more than 15.8 minutes. Compared to famous credit and debit cards, it’s a huge advantage because the average transaction for Visa/Mastercard and other ordinary payment providers is 24-48 hours.
Another important factor that often catches the attention of Nigerian players is low commission fees. Considering that online gambling in this country is accompanied by certain taxes from the government, no one wants to pay any additional fees for making deposits and withdrawals. In this case, crypto users are very lucky because usually, Nigerian BTC sites require 0% fees for withdrawals. Compared to fiat transactions, it’s a great perk because on average, Visa/Mastercard and other famous credit/debit card providers demand players to pay 1-4% as a commission fee. Looking at this rate, it’s no wonder why many players in this country tend to choose Bitcoin casinos that accept Nigerians.
Generally, crypto withdrawals are instant. However, the average time that is needed for cashouts is different depending on which crypto you use. For example, Ethereum transactions usually take 5 minutes which is very favorable in the process of gambling. With bigger cryptos like Bitcoin, it can take up to an hour. However, you should know that just one hour for performing a withdrawal is a reasonable time because usually, fiat currencies take up to 5-7 business days on average to proceed with your withdrawals. While Visa and Mastercard take up to 3 days, the withdrawal time can be longer for other credit/debit cards and e-wallets.
|Variety of Casinos||High||Low|
Gambling with cryptos isn’t without disadvantages. One of the most concerning matters for Nigerian gamblers is crypto exchange. In order to get their withdrawals from cryptocurrencies, local gamblers need to exchange them into NZD which is big trouble sometimes. According to Nigerian bitcoin casinos reviews often it’s even the reason why players avoid making transactions in cryptos. Bitcoin is high in volatility and as a result, many Nigerian players often lose their funds while gambling online, even if they have won their bets. Besides, they don’t want local banks to trace their gambling activities which is why exchanging BTC to NZD can be a problem sometimes.
Those who enjoy the diversity of gambling service, also experience some disadvantages. Even though Bitcoin is becoming more and more popular, there are not many casinos in Nigeria that offer services in cryptos. Therefore, finding a trustworthy online casino with great service in this country can be a tough task. Just a dozen of crypto casinos accept Nigerian players, while there are hundreds of them where Nigeria is among restricted countries. That’s why we examined most casinos for Nigerian players. Although there’s not much variety of crypto currency casinos in Nigeria, you can still find great ones on our website.
Another disadvantage of playing with cryptocurrencies is capital gain tax. Capital gain is basically the difference between how much you have paid and how much you can sell it for. Generally, Nigerian players end up having to pay taxes after purchasing bitcoins for gambling activities. While there’s no such kind of taxes for fiat casinos, Bitcoin casinos in Nigeria demand players to pay some extra taxes. However, at the moment cryptocurrencies are not considered legal tender, meaning that your crypto transactions are not taxable in Nigeria.
Risks related to BTC gambling are very high. Actually, it’s one of the most negative factors about Bitcoins. Cryptocurrency is extremely volatile which means that its price can go the rise and fall at any time. This is a very unfortunate thing for crypto gamblers because even if their bet wins on BTC casino Nigeria, they may still result in losing their funds. Using cryptos is especially risky when the price drops in the process of making a deposit. Unlike this, with regular online casinos, such kind of risk is very small because fiat currencies tend to be less volatile.
Nigerian players have plenty of opportunities to take part in great promotions and bonuses on crypto gambling sites. Casino bonus is an integral part of the online gambling market. Actually, it’s one of the most common ways to attract customers and encourage them upon making deposits. Bonuses can be even more advantageous with cryptos. The majority of Nigerian crypto gambling sites offer bonuses and promotions in BTCs which is a positive thing for Nigerian gamblers. Let’s discuss the most popular types of available Nigerian bonuses.
The deposit bonus is the most frequent type of bonus on Nigerian bitcoin casinos with bonus. The mechanism of this bonus is so simple. Players receive the bonus after they make a deposit. The majority of deposit bonuses on Biegrian websites are 100%, meaning that you can double your deposit. Generally, it’s designed for new flayers and is called a Welcome bonus or the first deposit bonus. But some casinos offer this bonus even for the second, third, and sometimes fourth deposits as well. The process of getting a BTC deposit bonus looks like this:
No deposit bonus is indeed the most favorable bonus for BTC players in Nigeria. As the name itself suggests, you don’t need to make a deposit in order to get this bonus. It’s also referred to as a free bonus however it’s not completely free. Bitcoin casino Nigeria no deposit bonus has certain requirements. In fact, you need to meet the wagering demands by playing a certain game several times. But still, it’s the most beloved bonus for newcomers that are not yet sure about making deposits.
Free Spins bonus is another popular type of casino promotion that is available on Nigerian gambling sites. Free spins bonus is usually attached to games that include spinning wheels. Most times, it’s slot machines, but sometimes it can be roulette games as well. By claiming free spins, players can reel spins in particular games on the same wager. The average size of the free spins bonus that is awarded to new players is 100. However, in some Nigerian casinos, it can be as many as 500 or so.
Finally, we can certainly say that Nigerian gamblers can safely gamble on our recommended platforms. But keep in mind to choose the top Bitcoin casino for Nigerian players. Even though the government of this country has certain laws about gambling activities, still, there are so many trustworthy sites that accept players from Nigeria. Currently, there are not so many crypto sites in this country but as the popularity of BTC raises, more and more reliable crypto sites are launched. So, take the pros and cons of crypto gambling into account and try to gamble responsibly.
|Withdrawal Time||Tedious Exchange|
|Play From Anywhere||Low Variety of Platforms|
Pay attention that gambling is a serious activity that’s related to lots of risks. Playing at online casinos can be addictive sometimes. Although generally, it’s very enjoyable and exciting to play casino games, you should be aware of the risks you are taking. So, try to gamble with money you can afford to lose and reach out for certain services if you notice any problem.