Best payment methods for sports betting in Kenya

0

However, Kenya has a younger player population. Young gamblers in the country also spend more money on gambling than their counterparts in different countries across the continent.

Gambling enthusiasts in Kenya bet for fun or to win real money results. Nevertheless, low-income households tend to spend more on betting, as they view gambling as a source of passive income.

Did you know gambling is most common in Kenyan towns? Nairobi and Mombasa have the largest number of city residents. It is therefore not surprising that these cities have the most active sports betting enthusiasts.

Like West Africans, Kenyans are passionate about football. However, the country’s national football team has never reached any stage of the FIFA World Cup. And that hasn’t stopped gamblers in Kenya from taking part in online sports betting.

Players in Kenya prefer to bet on the top 5 European leagues; EPL, La Liga, Bundesliga, Serie A and League One. Yes of course. You can also bet on other popular sports like basketball, tennis, rugby, baseball, horse racing, etc.

Alternative betting option in Kenya

The major gambling platforms in Kenya offer a wide variety of betting options. Therefore, expect to encounter casino offers alongside sports betting offers. We also bet you will be delighted to learn that you can enjoy casino and live casino games on some of these platforms.

Fans of gambling should rejoice in games like slot machines. On the other hand, players who like strategy-based games will appreciate offers such as roulette, poker, blackjack or baccarat.

This will help you play on legit sites, especially if you want to access your winnings as soon as possible. For this reason, only register with gambling operators who have licenses from local or international gambling watchdogs.

The legality of betting in Kenya

Did you know that Kenya was the first country in Africa to legalize all forms of gambling? Additionally, the country legalized all gambling activities in 1966. To learn more about gambling in the country, see the Betting, Lotteries and Gaming Act 1966. Also note that the country’s 2021 finance law introduced a 7.5% excise duty on all holdings.

In addition, the country prohibits people under the age of 18 from gambling. Expect the Kenyan government to put in place new regulations to protect problem gamblers and young gamblers.

Popular banking methods in Kenya

The best betting sites in Kenya understand that players benefit from banking flexibility, convenience and hassle-free transactions. These platforms support various payment methods that you can use to transact on your account. Some of these banking options include;

Do you have a credit or debit card from Visa, MasterCard or any world famous card issuer? Many reliable and legit platforms in Kenya accept card payments. This will help you opt for card deposits and withdrawals if you want to enjoy fast, safe, secure and affordable (almost free) transactions.

Also expect to benefit from generous deposit and withdrawal limits. For this reason, high rollers and low budget players alike can fund their play on Kenyan betting sites using credit and debit cards. Always confirm that you are signing up and playing on sites that use the latest encryption technology to prevent hackers from accessing your sensitive financial information.

Believe it or not, mobile payments are the most popular casino payment option in Kenya. Most, if not all, players use their M-Pesa and Airtel Money wallets to fund their casino or sportsbook accounts. These mobile wallets allow players to fund their betting accounts directly from their mobile phone.

You can use your M-Pesa and Airtel Money wallets for withdrawals and deposits. Also remember that you can use the USSD or the SIM Toolkit to initiate your deposit. On the other hand, you can only initiate withdrawals from the casino’s cashier page. Fortunately, withdrawals are fast, affordable and secure.

Many international bookmakers that accept Kenyan players support consumer e-wallets. Meanwhile, local and foreign bookmakers that support e-wallets are attracting players to enjoy fast, safe and reliable transactions.

E-wallets offer high rollers and low budget players flexible game limits, like card transactions. However, it will be best to confirm the transaction limits of an e-wallet if you want to avoid unpleasant surprises when playing.

Some of the most popular e-wallets in Kenya’s online gaming scene include PayPal, Skrill, and Neteller. With e-wallets, you are guaranteed near-instant access to your winnings. The best part is that you can also use these banking methods to claim various bonuses and promotions.

Some game operators in Kenya support bank transfers. And you can transfer funds directly to your casino account using this banking method. Additionally, most betting sites that support bank transfers also use the latest SSL certificates to prevent user information from falling into unauthorized hands.

Expect to experience long withdrawal wait times that can take up to 5 business days when transacting via wire transfer. The payment method compensates for this with its large transaction limit which favors high rollers and VIP players. It is important to remember that you will not provide any personal data when using bank transfers.

Want to enjoy anonymous gameplay? If so, we recommend checking out betting sites in Kenya that accept cryptocurrency payments. These platforms will allow you to bet on your favorite games using cryptos like Bitcoin, Ripple, Litecoin, SNACK tokens, and more.

The best part about using cryptos is that it allows players to enjoy instant, free, and tamper-proof transactions. Players also receive generous and regular bonuses when funding their game with cryptos. Another reason to opt for cryptocurrency transactions on gambling platforms is the ability to transfer funds between two accounts without the need for third-party approval.

Share.

Comments are closed.