eSports is a growing market. It’s booming. Cryptomaniaks covered where to place eSports bets for betters living in the US and EU… but what about places to place bitcoin bets in Nigeria?
This article will answer that question for you as well as cover how to place bitcoin bets and why you should pay attention during the whole process.
Where to Place Bitcoin Bets on eSports in Nigeria
That site lists almost all the esports betting sites currently available to residents of Nigeria.
Sites like 1xbit and betonline are included in the list not only because they serve Nigeria, but also because they serve countries in the EU and the US. For example, 1xbit serves the EU but not the UK or the US.
Keep in mind that not every site which allows betting on eSports in Nigeria will have the eSports games you might like.
Some sites will only have the top games like Fortnite and League of Legends while other sites may have those plus other eSports games like Starcraft and others.
It’s best to find a site that fits your needs.
So let’s take a look at what your needs might be.
eSports Betting Sites and Their Offerings
When looking for the right bitcoin betting site to do some esports betting, it’s important to investigate what they offer and see if it fits your needs.
How many coins do they list?
If you’ve been in the cryptocurrency space for even a short while, you know that hundreds of cryptocurrencies exist.
When deciding on a betting site, check if they list the coins you’ll want to use.
After all, if you deposit and withdraw a stablecoin like USDT, then you’ll have faster confirmations of your deposits and withdrawals than Bitcoin. You’ll also potentially save on fees.
Using stablecoins will also help protect your winnings.
Cryptocurrencies are famous for being volatile. You might win big on an eSports bet while using Ethereum, but what if the price crashes before you have time to withdraw and convert to fiat? You might lose all your winnings.
Granted, the same thing can happen in reverse. You might win a small amount and by the time you cash out and change it to fiat, the price of your cryptocurrency has gone up. Double win!
But if you don’t want to take any chances, then consider using a betting site that accepts deposits and withdrawals in stablecoins like USDT, DAI, tUSD, and others.
What are Their Withdrawal Limits?
Some sites have strict limits for withdrawing your funds. These limits might also be low.
If you win big and want to withdraw all your winnings and convert them into fiat before crypto volatility strikes — you might be blocked by low withdrawal limits.
Certain sites will limit your withdrawal to a certain amount per day, per week, or per month.
You don’t want to leave your funds stuck on a site for a whole month.
Promotions and Welcome Bonuses
Promotions and welcome bonuses are a great way to get into the game.
Certain sites even give you bonuses in cryptocurrencies. If you deposit X amount of Bitcoin then they’ll match it.
Other sites run promotions for free spins on casino games or better bets on eSports matches.
Investigating which sites give the best bonuses can really be worth it. Not just welcome bonuses, but also any promotions for loyal customers that stay and keep betting.
Beware though, if a site offers deposit bonuses or promotions that sound too good to be true — they might be.
eSports betting and even cryptocurrencies are such a new phenomenon that scams run rampant.
A site might offer incredible bonuses just to lure new customers, take their money, and perform an exit scam.
There is no 100% method for protecting yourself from exit scams, however, you can recognize the signs.
The biggest is making huge promises of incredible profits in a short amount of time. Don’t fall for it. Google the site and see if there are any reviews of people having problems withdrawing their funds.
Withdrawal delays and issues are another sign that a site might be scamming people.
eSports and Bitcoin Betting are a Growing Industry
At the end of the day, this industry has just started. If you have a healthy risk appetite, go forward, and find the best site for you. Follow their deposit steps. And have fun!