Bitcoin Online Gambling in Kenya: Other Cryptocurrencies Available

Written by:
Guest
Published on:
Feb/25/2018

Gambling911.com takes a look at the adaptation of crytocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and more on the continent of Africa.  So what happens when cryptocurrency adaption and the explosive interest in online gambling in African nations like Kenya collide?  We take a look below.

Kenya - This African nation on the continent's eastern coast offers up a population of 49,125,325, up from - get this - more than 10 million from just ten years ago.  Kenya is ripe for the picking by English sports betting and online gambling businesses as the official language there is English. 

Kenya and Online Gambling - This is a hot bed for sports bettors who heavily follow the European and English Premier football teams.  An attempt to block access to foreign-based Web gambling operators a few years back failed miserably. 

In Kenya, gambling is regulated and taxed, with the government collecting $3 million in revenue from the industry in 2012.  Foreign entities are not included in these numbers.

Bookmaker.eu has been in business since 1986 and offers the ability to use some 60 cryptocurrencies with their LIVE IN-PLAY WAGERING-friendly online sportsbook and poker room. 


Bookmaker accepts most crypto-currencies

Kenya and Cryptocurrencies - Remitano is a peer-to-peer bitcoin exchange where you can buy and sell bitcoin securely through an escrow service. The company has recently entered the Kenyan market to provide a bitcoin exchange and a bitcoin-based remittance service.

Belfrics Global have begun their roll-out of African bitcoin exchanges, having recently launched operations in Kenya. The company also plans to open additional exchanges in Nigeria, Ghana, and Botswana in the coming months.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Find a Fantastic Pay Per Head for the NBA Playoffs

Find a Fantastic Pay Per Head for the NBA Playoffs

Believe it or not, the NBA Playoffs are just around the corner and now is the time to start thinking about taking your bookie business to the next level.

How Does a Pay Per Head Work?

A Pay Per Head business is one in which you pay X amount of dollars per customer per week to have another company run nearly every aspect of your bookmaking business.

How Much Profit do Bookies Make?

How Much Profit do Bookies Make?

Bookies are people that accept action on various sports, and most bookies have an average weekly hold percentage of around 5%.

QuadrigaCX Founder Dies With Only Access to Exchange Password: Made Out Will Days Prior

The CEO and founder of Canadian cryptocurrency exchange QuadrigaCX wrote his will just 12 days prior to his death, but he neglected to disclose the crypto exchange password.

6 Fatal Errors That Could Be Costing Online Bookies Serious Profits

6 Fatal Errors That Could Be Costing Online Bookies Serious Profits

Online bookies need to be aware of 6 fetal errors that cause agents to close shop for good. Find out if you’r making these mistakes and if your sportsbook is spilling potential profits everywhere.

Syndicate