Cloudbet Nigeria review

Launched in 2013, Cloudbet is a fully accredited and regulated cryptocurrency bookmaker. The bookmaker has a gaming licence from Curacao with the number 1668/JAZ. Although Cloudbet may not be the most recent platform available, it does have many advantages. 

To begin with, it offers comprehensive sports coverage of all the popular Nigerian sports, takes around 40 cryptocurrency payment options and ranks amongst the fastest online bookies for deposits and withdrawals.

What is the Cloudbet welcome bonus?

At the time of writing this review, there was no dedicated sports Cloudbet welcome bonus. The casino section has a 100% Cloudbet welcome bonus for depositing using cryptocurrencies. Plus, you don’t need any Cloudbet promo code for the welcome bonus. 

Simply make your first deposit using cryptocurrency in accordance with the minimum amounts. You play casino games to earn bonus points, which then unlock your bonus funds in increments. You can then use these funds to place wagers in the sports section, as there are no wagering requirements.

Cloudbet regular promotions

Despite there being no dedicated sports Cloudbet welcome bonus, there are a number of other Cloudbet promotions for Nigerian punters. They can all be viewed in the promotions section of the bookmaker’s site. 

Zero margin sports bets

Across a variety of events, including the NBA, NFL, MLB, NHL, UFC, soccer (football) and tennis, Cloudbet provides zero margin odds. To take part in the campaign, no Cloudbet promo code is required. Just keep an eye out for highlighted events with yellow boxes. 

To guarantee you receive the greatest odds and maximise your gains, Cloudbet Nigeria gives 1,000 players odds with zero margins for each chosen sporting event. 

Zero margin markets shut down when the cap of 1,000 players is reached or the game starts, whichever comes first. A minimum bet of 1mBTC or its equivalent in ETH, BCH, PAXG, USDT, or USDC is required.

How to open your Cloudbet account

Since Cloudbet focuses on crypto payments, there are fewer KYC (Know Your Customer) requirements than you’d have to go through when signing up with some other bookies. Signing up for your Cloudbet Nigeria account is very easy. There are three easy steps to follow:

1. Click the blue ‘Join’ button on the top right of the screen
2. Choose from Google, Facebook, GitHub or enter your email address and password
3. Activate your account via the confirmation email Cloudbet sends you

Once you activate your account, you’ll be asked to create your username, insert your birthdate and set your preferences. After that, you can make your first deposit and get started playing with Cloudbet promotions. 

Sports and betting markets

Cloudbet offers a wide variety of sports for Nigerian punters to bet on. There are popular sports like soccer (football), tennis, basketball, MMA and virtual sports. You can also bet on less popular sports, including American football, baseball, Aussie rules, bandy, boxing and even badminton.

The most popular type of betting market is set winners, as in tennis, or match winners where you can choose 1, X, or 2 selections. There are also additional markets for over/under, cards, handicaps, scorers and others. Users of Cloudbet may also wager on currently playing games or matches in the In-Play section.

Cloudbet withdrawal options and processing times

Cloudbet focuses on cryptocurrencies as payment methods and there are 40 options for Nigerian punters to choose from. You can withdraw in JPY or USD as fiat currencies. 

Users pay a fixed charge for each withdrawal to cover the fees charged by the network. It’s important to verify the most recent information posted on each withdrawal page as withdrawal rates are subject to change.

Payment Method	Processing Time	Min.	Max.	Fee.
Jeton	Instant*	10 USD	100,000 USD	Free
Vega	Instant*	10 USD	100,000 USD	Free
AAVE	Instant*	No Min.	No Max.	Between 0.05 and 0.2
ADA	Instant*	1	No Max.	Between 0.18630749 and 0.29186894
ALGO	Instant*	0.1	No Max.	0.0011
AVAX	Instant*	0.001	No Max.	Between 0.000631 and 0.00606902
BCH	Instant*	0.0001	No Max.	Between 0.00000272 and 0.00078183
BNB	Instant*	0.001	No Max.	0.00013912
BSV	Instant*	0.001	No Max.	0.00070956
BTC	Instant*	0.0001	No Max.	Between 0.00000404 and 0.00003431
BUSD	Instant*	1	No Max.	Between 0.08225026 and 3.73546904
CAKE	Instant*	0.001	No Max.	0.05
DAI	Instant*	1	No Max.	Between 0.10278946 and 1.73738676
DASH	Instant*	0.0001	No Max.	0.00002508
DOGE	Instant*	0.01	No Max.	Between 0.60681749 and 1.37443994
DOT	Instant*	1	No Max.	Between 0.01702641 and 0.01888905
EOS	Instant*	1	No Max.	0.00055
ETC	Instant*	0.5	No Max.	0.0000231
ETH	Instant*	0.0001	No Max.	Between 0.00005327 and 0.00072285
FTM	Instant*	0.001	No Max.	Between 0.00202578 and 0.43022391
FTT	Instant*	No Min.	No Max.	0.5
GUSD	Instant*	No Min.	No Max.	2.7
stETH	Instant*	0.0001	No Max.	0.0008689
stMATIC	Instant*	No Min.	No Max.	0.05
stSOL	Instant*	No Min.	No Max.	0.05
LINK	Instant*	0.001	No Max.	Between 0.00925794 and 0.48893255
LTC	Instant*	0.0001	No Max.	Between 0.00000167 and 0.0011009
LUNC	Instant*	1	No Max.	262.9453453
MATIC	Instant*	1	No Max.	Between 0.00584439 and 0.07915935
PAXG	Instant*	0.001	No Max.	0.00088372
SHIB	Instant*	200000	No Max.	Between 8710.19419693 and 244218.0388876
SOL	Instant*	0.001	No Max.	Between 0.000011 and 0.00433233
SUSHI	Instant*	No Min.	No Max.	0.05
TRON	Instant*	1	No Max.	0.27065535
TUSD	Instant*	No Min.	No Max.	2.7
UNI	Instant*	0.01	No Max.	Between 0.014951 and 0.23716367
USDC	Instant*	1	No Max.	Between 0.00022902 and 2.83692194
USDP	Instant*	1	No Max.	2.7
USDT	Instant*	1	No Max.	Between 0.00022902 and 3.04208877
USTC	Instant*	1	No Max.	11.0616
XAUT	Instant*	No Min.	No Max.	0.0026201
XLM	Instant*	0.001	No Max.	0.0005529
XRP	Instant*	10	No Max.	0.0000165
XTZ	Instant*	No Min.	No Max.	Between 0.005 and 0.03853781
ZCash	Instant*	1	No Max.	0.00011

*Cloudbet processes payments instantly. Providers may take up to 24 hours to process withdrawals.

Cloudbet deposit methods and processing times

Nigerian punters can choose to deposit in two fiat currencies at Cloudbet: JPY and USD. The bookmaker places most of their focus on cryptocurrencies and offers 40 methods to deposit into your account. 

Cloudbet doesn’t charge deposit fees. However, you may be charged transaction fees by the payment provider you use.

Payment Method	Processing Time	Min.	Max.	Fee.
Jeton	Instant*	10 USD	100,000 USD	Free
Vega	Instant*	10 USD	100,000 USD	Free
AAVE	Instant*	No Min.	No Max.	Free
ADA	Instant*	No Min.	No Max.	Free
ALGO	Instant*	No Min.	No Max.	Free
AVAX	Instant*	No Min.	No Max.	Free
BCH	Instant*	No Min.	No Max.	Free
BNB	Instant*	No Min.	No Max.	Free
BSV	Instant*	No Min.	No Max.	Free
BTC	Instant*	No Min.	No Max.	Free
BUSD	Instant*	No Min.	No Max.	Free
CAKE	Instant*	No Min.	No Max.	Free
DAI	Instant*	No Min.	No Max.	Free
DASH	Instant*	No Min.	No Max.	Free
DOGE	Instant*	No Min.	No Max.	Free
DOT	Instant*	No Min.	No Max.	Free
EOS	Instant*	No Min.	No Max.	Free
ETC	Instant*	No Min.	No Max.	Free
ETH	Instant*	No Min.	No Max.	Free
FTM	Instant*	No Min.	No Max.	Free
FTT	Instant*	No Min.	No Max.	Free
GUSD	Instant*	No Min.	No Max.	Free
stETH	Instant*	No Min.	No Max.	Free
stMATIC	Instant*	No Min.	No Max.	Free
stSOL	Instant*	No Min.	No Max.	Free
LINK	Instant*	No Min.	No Max.	Free
LTC	Instant*	No Min.	No Max.	Free
LUNC	Instant*	No Min.	No Max.	Free
MATIC	Instant*	No Min.	No Max.	Free
PAXG	Instant*	No Min.	No Max.	Free
SHIB	Instant*	No Min.	No Max.	Free
SOL	Instant*	No Min.	No Max.	Free
SUSHI	Instant*	No Min.	No Max.	Free
TRON	Instant*	No Min.	No Max.	Free
TUSD	Instant*	No Min.	No Max.	Free
UNI	Instant*	No Min.	No Max.	Free
USDC	Instant*	No Min.	No Max.	Free
USDP	Instant*	No Min.	No Max.	Free
USDT	Instant*	No Min.	No Max.	Free
USTC	Instant*	No Min.	No Max.	Free
XAUT	Instant*	No Min.	No Max.	Free
XLM	Instant*	No Min.	No Max.	Free
XRP	Instant*	No Min.	No Max.	Free
XTZ	Instant*	No Min.	No Max.	Free
ZCash	Instant*	No Min.	No Max.	Free

*Cloudbet processes payments instantly. Providers may take up to 24 hours to process withdrawals.

Cloudbet special features

The interface at Cloudbet is slick and straightforward to use. The simplicity of Cloudbet’s main page is appealing to us. It looks attractive and is informational without becoming overpowering. 

The colour design for the desktop and mobile versions of the websites is extremely attractive. Cloudbet Nigeria offers some great features for users to take advantage of, including single-leg bet cash outs and live streaming on popular sporting events.

Cloudbet cash out

Cloudbet offers punters a cash out feature on single-leg bets. The feature isn’t available on parlay bets. cash out is a handy feature to have in the event that the sporting event isn’t going the way you thought it would. 

Cash out allows users to claim their winnings or cut their losses before the bet is finalised. It is basically cancelling your bet and receiving a portion of your stake back. You can find cash out options on your bet slip if they’re available.

Live stream service

Cloudbet offers a live streaming service for certain sports matches. Cloudbet streams events directly from the In-Play section of the website, so you can find live events quickly and easily. If the event you’re betting on has the play button available next to the odds. It’s available for streaming. Simply click the button to watch.

Cloudbet betting app

At the time of writing this review, there’s no dedicated Cloudbet mobile application that you can download on Android or iOS devices. The website is, however, fully optimised to fit any screen size and functions exactly as the desktop browser version.

Cloudbet customer support

The Cloudbet customer support team is extremely polite and helpful via their live chat feature. There’s no email support listed on the Cloudbet Nigeria website. However, the live chat feature does provide access to a blog section and an extensive FAQ list. 

You can use the chatbot feature or request to chat with an agent. Both features of the live chat (bot and agent) reply very quickly with detailed responses. There are also social platform links at the bottom of the website if you’d like to get community information.

• 24/7 live chat with built-in FAQ section
• Twitter: https://twitter.com/Cloudbet
• BitcoinTalk: https://bitcointalk.org/index.php?topic=333552.0
• Discord: https://discord.gg/mpFcHWW

Cloudbet promo code

The bookmaker doesn’t make use of any Cloudbet promo codes. All Cloudbet promotions and bonuses are either activated when you make the relevant deposit or during betting through highlighted games. 

Pros and cons of Cloudbet

Cloudbet has a lot to offer Nigeria punters, but just like any bookmaker out there, there are a few places where Cloudbet could improve its services. Below is a breakdown of what we did and didn’t like about this bookie.

Pros

• Quick and easy sign-up
• Live streaming on certain events
• Bonuses automatically applied to account
• Great 24/7 customer support
• Extensive self-help and FAQ options

Cons

• No dedicated mobile application
• No phone or email support
• No sports Cloudbet welcome bonus

Should you join Cloudbet?

Nigerian sports fans should find Cloudbet to be the perfect online sports betting resource. For those who want to place their bets mainly using cryptocurrencies, it’s also a suitable choice. For all Nigerian sports enthusiasts and punters, it comes highly recommended.

The Cloudbet cash out function is the ideal answer for Nigerian punters who are sick of losing all their money when their favourite team doesn’t play the way they expected. Plus, the live-streaming option is available for most major sporting events.

Not to mention the 24/7 available, highly qualified and experienced support personnel at Cloudbet run a safe and secure platform. Also, the platform’s software is very user-friendly and adapts to any screen size and browser version.