Like all countries, Kenya has moved from traditional gambling to online casinos and sports betting.
In Kenya, crypto gambling is allowed on sites that accept cryptocurrencies. These platforms offer a wide range of gambling options. They include sports betting, online casinos, and virtual games.
This page describes general aspects of Bitcoin and crypto gambling in Kenya.
But first, let’s talk about the evolution of gambling in Kenya.
A Statista survey gives this forecast for gambling in Kenya for 2024–2028:
1. The online gambling market in Kenya is projected to reach a revenue of KSh US$99.68m in 2024.
2. The average revenue per user (ARPU) in Kenya’s online gambling market is projected to be KSh US$337.10 in 2024.
3. The number of users in the online gambling market in Kenya is expected to reach 366.0k users by 2028.
The Evolution of Gambling in Kenya
Gambling has deep roots in Kenyan society, dating back decades. Before modern gambling, Kenyans bet on many activities.
In those days, crypto betting in Kenya was linked to local sports and to card and board games. One such game was ‘Ajua,’ cherished by the Swahili of the Kenyan coast.
The stakes were usually low. The games were a fun pastime, not a serious pursuit for money.
But then, the world saw the advent of online gambling platforms, and Kenya wasn’t exempt.
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The Advent of Online Gambling Platforms
The rise of the internet and mobile technology has led to online gambling.
In 2004, the Kenyan government made a landmark move. It legalized gambling. This allowed the country’s first online casinos and betting sites to start. The convenience and potential profits of online gambling quickly drew in Kenyans.
The first sports betting platform was introduced in 2013. This innovation made online gambling accessible to many Kenyans. They didn’t have this chance before.
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The Emergence of Sports Betting and Online Casinos
In recent years, sports betting has become Kenya’s top online gamble. The nation’s love for football, especially the Premier League, has fueled sports betting.
These platforms offer many betting options. You can predict match outcomes or wager on specific events within a game.
Online crypto casinos in Kenya are now very popular. They offer games like poker, blackjack, roulette, and slots. These platforms use live dealers and high-definition graphics. They create an immersive gambling experience.
Kenya’s embrace of Bitcoin and crypto gambling shows its adaptability to new tech.
Benefits of Using Cryptocurrencies in Gambling in Kenya
Cryptocurrencies have revolutionized the gambling industry. They provide a new way for players to deposit, wager, and withdraw their winnings.
The integration of cryptocurrencies in gambling presents several benefits:
Anonymity. Unlike conventional payment methods, cryptocurrencies don’t need personal info to complete a transaction. This ensures user privacy.
The swiftness. Cryptocurrency transactions is almost instant. So, players can deposit and withdraw funds without delay. Transaction fees are usually lower than those of traditional methods. So, it is a cheaper option for players.
Enhanced security. Blockchain technology is the backbone of cryptocurrencies. It makes all transactions transparent and immune to tampering. Thus, it adds a layer of security.
Yes, there are more benefits to using Bitcoin and other cryptocurrencies for gambling in Kenya. But these three points are key.
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How do Bitcoin and crypto gambling work?
Bitcoin and crypto gambling work like traditional online gambling. The primary distinction lies in the currency used.
Bitcoin gambling utilizes Bitcoin or another cryptocurrency (for example, Ethereum, Litecoin, Tether). They are all digital currencies secured by cryptography. They are the main mediums of exchange.
The initial step in Bitcoin and crypto gambling involves acquiring cryptocurrencies. These can be purchased on various exchanges using traditional currency.
Once the player possesses Bitcoin, they can deposit it into their gambling account. The platform then converts the Bitcoin into credits. You can use these to play games or place bets. Players can convert their winnings to Bitcoin or another crypto. Then, they can withdraw them to their digital wallet.
Crypto gambling uses blockchain technology. It provides a decentralized, transparent system for transactions.
5 Best Crypto Gambling Sites in Kenya
In Kenya, the following platforms stand out as the premier cryptocurrency gambling sites:
Cloudbet in Kenya
Cloudbet is famous for its vast game selection and great support. It accepts 10+ popular cryptocurrencies. It offers a welcome bonus of up to 5 BTC.
MirAx in Kenya
The gambling platform offers many crypto casino games and crypto poker. It accepts Bitcoin, Ethereum, Dogecoin, and Litecoin.
And sure, for new players, MirAx offers up to 1.5 bitcoins and 50 free spins.
BC Game in Kenya
With BC Game, players can have fun with casino games and sports betting. As Cloudbet, it allows play with 10+ cryptocurrencies.
And the same welcome bonus — up to 5 bitcoins.
Katsubet in Kenya
Casino games and sports betting are included for players. Katsubet accepts the seven most popular cryptocurrencies in the world.
Welcome bonus for new players — 1.5 bitcoins and 100 free spins.
BitStarz in Kenya
BitStarz is famous for its vast game selection and great customer service. It accepts Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
It offers a welcome bonus of up to 5 BTC and 200 free spins.
Top Cryptocurrencies for Gambling in Kenya
Cryptocurrency gambling is rising in Kenya. It’s due to the security and convenience of these digital currencies. Bitcoin, the pioneer and most recognized cryptocurrency, is the most commonly used. But, other digital currencies, like Ethereum and Litecoin, are gaining ground in online gambling, too.
People often choose Bitcoin. It has better security, anonymity, and speed. Ethereum is favored for its smart contracts. They enable automatic payouts when certain conditions are met. Litecoin has quick transaction times. Bitcoin Cash has a larger block size, allowing more simultaneous transactions. Both are good options for gamblers.
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Evaluating the security, convenience, and speed of each method
Bitcoin is esteemed for its robust security protocols. Its strong encryption makes tampering with transactions nearly impossible. It ensures a secure environment for gamblers. But, Bitcoin transactions can occasionally be slow due to network congestion.
Ethereum, with its smart contract feature, provides a unique edge. It enables automated transactions. This is useful in gambling, where specific results trigger payouts. Still, Ethereum’s network can also experience congestion, resulting in slower transaction times.
Litecoin and Bitcoin Cash are less accepted than Bitcoin and Ethereum. But they have quicker transaction times. This can greatly help gamblers wanting to quickly deposit or withdraw funds.
Convenience, all these cryptocurrencies provide a high degree of user-friendliness. Transactions can be done from anywhere, at any time. Once a digital wallet is set up, the process is simple.
Our Opinion on Crypto Gambling in Kenya
We see Bitcoin and crypto gambling as a big change in Kenya’s gambling industry. Using cryptocurrencies in gambling platforms offers a new solution to some industry problems. It can reduce transaction times and improve privacy.
Bitcoin and crypto gambling in Kenya are intriguing topic. It deserves further exploration. As this industry evolves, it will be fascinating to see how it shapes the future of gambling in Kenya and beyond.
