Betting Sites With Kuda Bank in Nigeria

Kuda Bank is a leading payment option indigenous to Nigeria. The fintech platform already has the reputation of being Nigeria’s first neobank, operating exclusively online. However, Kuda Bank has recently become a preferred payment channel for sportsbooks and online gambling platforms in Nigeria. This review provides a comprehensive list of renowned Kuda betting sites in Nigeria. You’ll also find how to deposit with Kuda Bank, the pros and cons of using Kuda and veritable alternatives to consider.  

Best Kuda Betting Sites in Nigeria

Kuda’s simple payment platform encourages players to make instant deposits without worries about transaction fees. This feature has made it popular in the Nigerian igaming circle. Our research shows that most betting sites only use Kuda through bank transfer options in other payment portals. However this is not a challenge since you can use Kuda through portals like Paystack, Xpresspay and Flutterwave. We have made a table of the best betting sites offering Kuda Bank as a deposit method.

What is Kuda?

Kuda Bank is a digital microfinance bank managed by Kuda Technologies. The Fintech company obtained its microfinance banking license from the Central Bank of Nigeria and launched its virtual banking services in 2019. We also confirmed that all deposits to Kuda Bank are insured with the Nigeria Deposit Insurance Corporation (NDIC)

As a neo banking institution, Kuda operates primarily on its mobile app and on your web browser. These virtual payment platforms allow you to make all transactions on your mobile device without worries about transaction fees or long processing times. In addition, Kuda Bank also allows its customers to make payments for various subscription options, utility bills, airtime and other essential payments.

Charges, Timings, and Restrictions Set by Kuda Bookmakers in Nigeria

Our analysis shows that Kuda Bank allows seamless deposits into your betting account. The good thing is that all online gaming Kuda deposits are free, permitting you to have a superb betting experience. In the table below, our experts provide information on deposit limits, processing time and transaction fees.

Pros of Betting with Kuda

Many betting sites in Nigeria offer Kuda as one of the leading payment providers, because it’s quick and convenient. However, there are other benefits to making payments through the Kuda app:

Cons of Betting with Kuda

While we rate Kuda Bank as one of the best payment options for betting sites, it also has some shortcomings. Here are some things we wish could be better about Kuda payments:

Betting Sites Accepting Opay in Nigeria

Alternative Deposit Options to Consider in Nigeria

Our analysis shows that besides Kuda Bank, most bookmakers allow you to fund your betting account with other payment services. We have reviewed some of these popular options and recommend the following:

OPay

Opay is one of the most popular payment options in the Nigerian online gaming space. This mobile money operator has a CBN license with its deposits insured by the Nigeria Deposit Insurance Corporation (NDIC). OPay offers a wide range of payment services, using OPay Wallets, online transfers, USSD, and OPay debit card.  Making deposits through OPay ensures fast and seamless payments. However, its best feature is that there are no transaction fees, no matter the payment option.

PalmPay

PalmPay is another payment method that has earned its place in the Nigerian iGaming space. While it is more popular as an eWallet, PalmPay has a CBN license as a Mobile Money Operator. This license allows PalmPay to provide online banking services among its growing financial operations. Betting sites in Nigeria use PalmPay because it encourages minimum deposits as low as ₦100 without extra charges or processing delays.

XpressPay

Xpresspay is one of the top emerging payment options in Nigeria. The payment platform launched in 2016 under the management of Xpress Payment Solutions Limited. XpressPay has joined the list of accepted payment channels in the Nigerian betting space for its vast payment options. XpressPay allows players to make their deposits using different banks, USSD, bank cards, and online banking channels. Most importantly, XpressPay does not impose transaction fees on any payment options.

FAQ

Are there any transfer limits using Kuda?

Yes. Kuda provides payment limits depending on the betting site. Most betting sites allow Kuda payments as low as ₦100 while the maximum may range from ₦100,000 to over ₦10,000,000.

Is Kuda safe?

Yes, Kuda Bank is a safe payment option. Kuda operates on a microfinance banking license from the CBN and all deposits to the bank are insured by the NDIC. The bank is highly regulated and safe to use.

How much does Kuda charge per transaction in Nigeria?

While most Kuda transactions are free, the bank may impose some charges depending on the betting site or the destination bank. However, all transaction fees in Kuda Microfinance Bank do not exceed ₦100.