1xBet Cryptocurrency: Deposits & Withdrawals

We must recognize that cryptocurrency has become an integral part of the financial system. Many people appreciate its convenience and anonymity of payments. Of course, bookmakers also see this trend and are introducing this payment method. Today, we will talk about cryptocurrency payments on the famous 1xBet service in Nigeria.

Brief Overview of Payment Methods at 1xBet

1xBet is one of the top bookmakers in the Nigerian market. It can be seen not only by the massive range of events for betting but also by the variety of payment methods the platform works with. The limits and primary conditions are the same for all methods except prepaid cards since replenishment depends on the card value. You can read the detailed description of each method in the article about the 1XBet/Payment method. 

Critical Aspects of Using Cryptocurrencies at 1xBet

Cryptocurrencies are a pretty new means of payment, so many people have questions about them. Let’s look at the main aspects of cryptocurrency payments on a bookmaker platform.

Types of Cryptocurrencies Accepted on the 1xBet Platform

Currently, more than 30 types of cryptocurrency are available, including the most popular: Bitcoin, Litecoin, Ethereum, Dash, and Dogecoin. If you prefer a lesser-known cryptocurrency, you can search for it in the list on the website and in the application in the Payments section.

Benefits of Using Cryptocurrency for Betting and Casino Games

It is no coincidence that cryptocurrency is becoming increasingly popular because this method has several advantages.

• Anonymity. Using blockchain and cryptocurrencies allows you to achieve maximum anonymity and all the associated benefits – players will not have to disclose any personal information.
• Low commissions and high transaction speed. Smart contracts allow you to automate the payment process, reducing waiting time to a minimum. At the same time, large transactions will have lower commissions than in traditional payment systems.
• Less mistakes. With cryptocurrency, each bet will be checked not in a separate database but in a decentralized network, which will minimize the number of errors.

How to top up Your 1xBet Account Using Cryptocurrency

Now, we will look at the process of using cryptocurrency on the 1xBet platform from the beginning.

Registering a Wallet and Purchasing Cryptocurrency

If you do not yet have a cryptocurrency wallet from which you will fund your account, you must create one.

Step 1

Select a cryptocurrency from the list on the 1xBet website.

Step 2

Register your wallet. Most platforms offer mobile options and a browser version.

Step 3

Save your wallet address for future transactions.

Step 4

Buy cryptocurrency on any exchange.

The Process of Transferring Cryptocurrency to a 1xBet Account 

To top up your account with cryptocurrency:

1. Go to the official website or the 1xBet mobile application.
2. In the section with deposits and withdrawals of funds, click the green “Add” button.
3. Select a banner from the list of options and then follow the simple instructions.

Step 1

Confirm your actions in a pop-up window, warning that the subsequent transaction will be made in the selected cryptocurrency.

Step 2

Copy the displayed 1XBet wallet number (you can also scan a unique QR code).

Step 3

Transfer the desired currency to the received address.

The exchange occurs automatically, and the bookmaker warns that the deposit amount may differ from that indicated in the form. It is primarily due to the volatility of the cryptocurrency exchange rate.

Using Cryptocurrency Safely: Tips and Tricks

Security of funds is an essential aspect of making payments. Therefore, we have prepared several recommendations that will help make translations reliable and safe.

Security Measures for Transfers Using Cryptocurrency

Modern scammers use standard methods and tools to steal funds from virtual wallets. To combat them, you must adhere to several standard rules:

• Do not store your data publicly, as this increases the risk of losing assets if your device is hacked or infected with a virus. It is better to keep the keys encrypted using specialized programs for storing keys and passwords or to encrypt the entire device.
• Use different passwords for different services, especially when it comes to crypto exchanges or online wallets. It will help prevent theft of funds if your account on other services is hacked.
• Secure your mobile devices for financial services, including traditional banking and virtual wallets. Don’t use face or geolocation to unlock your device, set password protection, and set your phone to self-destruct after several failed unlock attempts. It will help prevent the theft of your data and funds.

1xBet provides a high level of security for transfers, so you don’t have to worry about the safety of your funds. Top up your balance only to the official wallet on the website or the application.

How to Protect Your Cryptocurrency Assets at 1xBet

The 1xBet system has reliable protection, so you only need to take care of the security of your device. Do not share your 1xBet account and crypto wallet information with anyone. Also, prevent third parties from accessing your device on which you use the services.

Withdrawing Cryptocurrency on 1xBet: Optimal Strategies and Tips 

Withdrawing funds to a crypto wallet is practically no different from other methods and has the same rules. Here are the detailed instructions.

Step 1

Go to the payments section in the application or website and open the Withdrawal tab.

Step 2

Select the cryptocurrency you used to fund your account.

Step 3

Click on the selected cryptocurrency, and enter your wallet address in the window that appears. Confirm the transaction.

Restrictions and Conditions: Withdrawal of Cryptocurrency to 1xBet in Nigeria

Cryptocurrency payments are convenient and fast, but they also have certain limitations.

Minimum and Maximum Withdrawal

The minimum amount that can be withdrawn is 1.5 euros. The official website does not provide information about the maximum limit.

Limitations and Advantages of Withdrawing Cryptocurrency

The main limitation is the ability to withdraw funds only to the same wallet from which the deposit was made. Additionally, you must exceed the minimum limit for the withdrawal option to become available.

However, this method has an undeniable advantage: speed. The system processes the application almost instantly, and you receive funds within 15 minutes.

​Conclusion

Cryptocurrencies are a convenient and reliable payment method. Many users are already actively using them for betting. As you can see, using this new payment method is easy and simple. In addition, such payments are more secure than conventional ones.

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