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Crypto Gambling in Africa
2022-06-30
African Betting sites with Crypto
Gambling with crypto money is on the rise across Africa as an increasing number of players flock to cryptocurrency casinos and sportsbooks. There are nowadays a lot of different sports betting sites and online casinos accepting cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, Tether, USD Coin and many others.
There are lots of benefits when it comes to using a crypto casino or betting site – and in this guide we explore what they are. For African gamblers, using crypto is most beneficial because it makes for cheap and easy payments. Many will find that betting with crypto is easier than making payments using bank cards or e-wallets.
However, there are many more reasons why crypto casinos and sports betting sites are so attractive. Make sure you read on if you want to learn more about gambling with cryptocurrencies in Africa!
Best Casinos that accept crypto currencies
3
Whamoo
- Fair and fast paying casino
- A lot of games, also Virtual Sport beting
Gambling with crypto in Africa
In the last few years, crypto gambling is on the rice in Africa. This is only a logical result if you look at the popularity of cryptocurrencies across the continent. In fact, Africa has perhaps been the continent that embraced crypto the most! It's easy to see where the popularity of crypto comes from. Of course, many people buy crypto in the hope that their preferred currency will make a dramatic rise in value and earn them money. However, for many Africans crypto is about much more than this alone.
For many people across the African continent, it can be hard to use traditional payment options. There are still lots of Africans who don't have bank accounts or credit cards. Those who have them often face high payment and transaction fees in lots of African countries, making them rather inconvenient for everyday purchases. This is where crypto comes in handy too. To buy crypto at an online broker and to set up your own crypto wallet, all you need is a mobile phone. With your smartphone you can instantly buy, sell and trade crypto.
You can of course use it to pay for services – and that's exactly where crypto casinos and sportsbook come into play. Just like you can use crypto for online shopping, you can also use it to gamble at an online casino or sports betting site!
How does crypto gambling work
Generally speaking, there are two different kind of crypto casinos and sports betting sites. These are:
- Casinos and betting sites that accept crypto as payment option.
- Casinos and betting sites where you can actually gamble with crypto.
The first category is the one that is most common across Africa and the wider world. At these online casinos and sports betting pages, crypto is simply a payment method. Just like you can deposit money using a credit card, e-wallet or bank transfer, you can now deposit money in crypto to these betting sites. The crypto will be exchanged into a fiat currency. US Dollar or Euro are the most common, although many sites can also do this with African currencies. You can then use the exchanged money to bet on sports matches or gamble in the online casino. If you happen to win something and you request a withdrawal, the betting site will pay you out in cash or crypto.
The second category of crypto casinos and betting sites works a bit differently. With these betting sites, you gamble directly with crypto. Instead of betting $1 on a video slot or putting a $2 bet on Manchester City vs Liverpool, you can now for example bet 0.001 BTC (Bitcoin) per hand at a blackjack table or put 1 ADA (Cardano) on a match between Real Madrid and Barcelona. In this case, any winnings will be paid out in the same cryptocurrency.
Of course, there are also crypto casinos and betting sites where you can both use crypto as payment option and exchange it for a fiat currency and use it to gamble directly with it.
Advantages of crypto payments
There are quite a few advantages when it comes to using crypto for gambling in Africa. Of course, the main reason has to do with ease of payments. Crypto is basically bringing financial means and activities to those who are disenfranchised by the banking sector. In Africa there are millions of people without access to bank accounts and bank cards. Especially for these people, crypto is a great way how they can still access financial markets and make (international) payments.
However, crypto is again much more than that. Even for African gamblers who do have a credit card or e-wallet, it can make sense to use crypto to bet at a sportsbook or online casino. First of all, crypto payments are usually instantly processed. The same counts for crypto pay-outs. If you win something and get paid out in crypto, the money will be instantly available back in your crypto wallet. Secondly, crypto is beloved by many because it is secure. Especially if you use a stable coin (a crypto with a fixed exchange rate) you don't have to worry about currency fluctuations.
Thirdly, crypto payment fees are often much lower than banking, credit card of e-wallet fees. IF you make a lot of deposits or withdrawals to an online casino or sports betting site, it can make sense to use crypto instead if you want to spend as little money as possible on transaction fees. Last but not least there is also the argument that crypto payments are more anonymous than bank transactions or card payments, which is great for those who love their privacy.
What kind of crypto can you use to gamble in Africa
There are hundreds or perhaps even thousands of different cryptocurrencies in existence nowadays. However, only a few dozen of them can you use at crypto casinos and sportsbooks at most. Generally, only the most widely used and popular cryptocurrencies are accepted at both local betting sites in Africa and big international casinos and sportsbooks.
These are the most popular crypto payment options accepted at sports betting sites and casinos in Africa:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Cardano (ADA)
- Ripple (XRP)
- Dogecoin (DOGE)
Besides these cryptocurrencies, there are also a couple of so-called stable coins which are popular. As we have seen before, these stable coins are cryptocurrencies with a fixed exchange rate as they are pegged to the US dollar. Most sports betting sites and online casinos in Africa accept the following crypto stable coins:
- Tether USD (USDT)
- USD Coin (USDC)
Of course, these are hardly the only cryptocurrencies which can be used for gambling. If you prefer Tezos, Polkadot, Avalanche or Solana you can surely find a betting site as well which accept those cryptocurrencies. However, these options are generally less common.
The best crypto casinos in Africa
On our website, you can find a couple of great African crypto casinos and sports betting sites. These betting sites accept a couple of cryptocurrencies like Bitcoin, Ethereum and some others as payment options. Some of them even offer bitcoin casino games, allowing you to gamble directly with your crypto money!
1Whamoo
- Fair and fast paying casino
- A lot of games, also Virtual Sport beting
Most of these African betting sites all feature both an online casino and sportsbook. With one account you can therefore bet on football and other sports matches and play online casino games. These online casinos offer the latest video slots, exciting table games and even live dealer games.
In case you might not be familiar with one of these top African betting sites we recommend you to read the reviews we have written about them. In these reviews we sum up the pros and cons of each betting site and explain you all you need to know about available payment option, reliability and safety, customer service quality and much more. Whether you live in Nigeria, South Africa, Ghana, Kenya or another African country, these betting sites will offer you a great experience!
Other payment options
Of course, crypto payments are not everyone's cup of tea. Although lots of people in Africa prefer to use crypto for gambling, there are certainly plenty of others who prefer other payment options. That's certainly understandable. Although a growing number of Africans own some crypto, not everyone does. If you have access to bank transfers and card or e-wallet payments with low or non-existent transaction fees, there aren't many reasons left why you should opt for crypto above these traditional payment options.
There are also a lot of betting sites in Africa where you can use native African betting options. Whether you want to use USSD, M-Pesa or other mobile money applications, this is certainly possible too at many African sportsbooks and casinos. However, you should not rely on any big global online casino or sports betting site having such payment options available. In case you rely on mobile money payments and the like, it's best to opt for an African betting site.
Don't forget your welcome bonus!
If you sign up at a sports betting site or online casino you can claim a great welcome bonus! This welcome bonus comes in the form of some free bets at a sportsbook, allowing you to place a couple of complimentary bets on a match of your choice. At an online casino, a welcome bonus is most often a free spins or deposit bonus. You can use the free spins on a pre-determined slot and keep any of the winnings you might make. Casino bonus money can be used on a game of choice and will hopefully lead as well to you winning some cash!
If you are in search of a reliable African betting site with a great welcome bonus, look no further than these casinos and sportsbooks:
All of these betting sites are fully licenced and welcome people from all across Africa. As a new player you can get a welcome bonus that can easily reach $100 (at African betting sites) to even $1,000 (at the biggest international casinos). However, make sure you read the bonus terms and conditions carefully. These terms and conditions will explain all you need to know how you can unlock the bonus money and how you can withdraw it.
Conclusion
Of all the continents in the world, it is perhaps Africa which has embraced crypto the most. It's easy to see why, as crypto payments are available to everyone. You just need a mobile phone to buy and pay with crypto – making it an excellent fit for Africa. As not everyone has access to traditional banking, credit cards and e-wallets, crypto can be a great alternative. Moreover, crypto transaction fees can be much lower than fees for traditional payment methods.
Because of this, crypto is also a useful payment method for gambling in Africa. There are lots of betting sites in Africa that accept crypto payments. Whether you want to use crypto like Bitcoin or Ethereum or perhaps a stable coin like Tether or USD Coin, it's all possible. There are many advantages when it comes to gambling with crypto. For example, payments are always instantly processed and fees tend to be low.
On our website you can find some recommended crypto casinos and sports betting sites. These top quality betting sites are fully licenced and accept players from all across Africa. They are available for people living in almost each and every African country such as Nigeria, Kenya, Ghana, South Africa, Tanzania, Uganda and many more nations.
Make sure you claim your welcome bonus if you sign up at one of these betting sites. Perhaps you will be the next big gambling winner!
Website Owner at Africa Casino Hub
Africa Casino Hub is one of the largest and best gambling portals solely focusing on players from the African continent. At Africa Casino Hub, you can find all the information you need about online casinos, sports betting pages and everything about betting strategies and the latest sports odds and match previews.
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