As cryptocurrency adoption continues to grow across Africa, Nigerian sports bettors are increasingly looking for platforms that support digital currency transactions. 1xBet Nigeria has positioned itself as a leader in this space by accepting a comprehensive range of cryptocurrencies for both deposits and withdrawals. This guide explores the complete list of supported digital currencies and everything you need to know about crypto betting on 1xBet Nigeria.
Complete List of Accepted Cryptocurrencies
1xBet Nigeria currently accepts seven main cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Dash (DASH), Bitcoin Cash (BCH), and Tether (USDT). However, the platform’s crypto support extends far beyond these popular options.
According to recent reports, 1xBet supports approximately 38 different cryptocurrencies, making it one of the most crypto-friendly betting platforms in Nigeria. The expanded list includes additional currencies such as Monero, ZCash, NEM, DigiByte, Bitcoin Gold, Verge, QTUM, TRON, Ripple (XRP), USD Coin, TrueUSD, Paxos Standard Token, Chainlink, OmiseGO, Basic Attention Token, Stellar, Ethereum Classic, BitShares, EOS, Wrapped Bitcoin variants, and Cardano.
Most Popular Cryptocurrency Options
Bitcoin (BTC)
Bitcoin remains the most popular option, allowing users to deposit a minimum of 500 Nigerian Naira without service charges. As the world’s first and most recognized cryptocurrency, Bitcoin offers excellent liquidity and widespread acceptance.
Ethereum (ETH)
Ethereum is the second most famous cryptocurrency available on the platform, also supporting deposits starting from 500 Nigerian Naira with no external charges. Its smart contract capabilities and growing ecosystem make it a preferred choice for many users.
Litecoin (LTC)
Litecoin provides secure and efficient deposit and withdrawal options, with the same minimum threshold of 500 Nigerian Naira and no service charges. Known for faster transaction times compared to Bitcoin, Litecoin offers a practical alternative for quick transfers.
Tether (USDT)
As a stablecoin pegged to the US dollar, Tether provides price stability that many bettors prefer, especially during volatile market conditions. This makes it an excellent choice for users who want to avoid cryptocurrency price fluctuations.
Transaction Limits and Processing Times
The minimum withdrawal amount for cryptocurrencies can be up to 80,000 NGN, though specific limits vary by currency. For most cryptocurrencies, the minimum deposit starts at 0.001 of the respective currency with no upper limits and instant processing.
Cryptocurrency withdrawals typically take from one minute up to one day to process, making them among the fastest withdrawal options available on the platform. For deposits, users should expect confirmation times of 10-30 minutes as transactions are verified on the blockchain.
How to Deposit with Cryptocurrency
The deposit process is straightforward: log into your 1xBet account, click “Make a Deposit,” select “Cryptocurrency,” choose your preferred digital currency, and send the intended amount to the provided wallet address. 1xBet generates a unique deposit address for each chosen cryptocurrency, and users can either copy this address or scan the provided QR code.
Key Advantages of Crypto Payments
Anonymity and Privacy: Cryptocurrency transactions on 1xBet are anonymous, secure, and commission-free, providing enhanced privacy compared to traditional payment methods.
Speed: Cryptocurrencies often process faster than other deposit methods, with withdrawal times being the fastest among all available options.
No Fees: All supported cryptocurrencies offer fee-free transactions, allowing users to keep more of their winnings.
Global Accessibility: Crypto payments aren’t subject to traditional banking restrictions, making them ideal for international users.
Important Considerations
The availability of specific cryptocurrencies may vary depending on your location and local regulations. Users should always verify which options are available in their area by checking with 1xBet Nigeria’s customer support.
It’s also worth noting that cryptocurrency transactions may take longer to process than traditional deposit methods due to blockchain confirmation requirements. First-time crypto users should plan accordingly and allow extra time for transaction confirmations.
Getting Started
1xBet Nigeria is fully licensed by the National Lottery Regulatory Commission, ensuring a legal and secure betting environment. With over 30 different cryptocurrencies accepted for deposits, Nigeria’s position as a global cryptocurrency hub makes this payment method increasingly important.
For users new to cryptocurrency betting, starting with popular options like Bitcoin or Ethereum is recommended due to their stability and widespread support. The platform’s extensive crypto support, combined with competitive odds and comprehensive sports coverage, makes 1xBet Nigeria an attractive choice for crypto-savvy bettors.
Whether you’re using Bitcoin, Ethereum, or any of the other supported digital currencies, 1xBet Nigeria provides a seamless, secure, and efficient crypto betting experience that aligns with the growing digital economy in Nigeria.
