Solana Online Sportsbooks
NFTs aren’t the only thing to look forward to with Solana as online sportsbooks also allow SOL deposits and withdraws. There are many different features when it comes to using Solana at an online sportsbook as it has has become one of the biggest cryptocurrencies on the market. When looking to bet with Solana, the information needed to do so included the actual Solana online sportsbooks that have the capability of offering it, the legality of it, and how exactly to go about it. We provide you with all of that information including a breakdown of how to get Solana into your accounts and the pros and cons of doing it as well.
Although SOL is not listed on the accepted payments that Bovada has to offer, you can still get around that and bet on sports with Solana on Bovada. The process could take longer, but if SOL is your preferred crypto all you have to do is transfer it to another form of crypto that Bovada accepts such as Bitcoin or Ethereum, and then send the funds to your account as such. When you’re ready to cash out your funds, you need to cash out from Bovada with whichever crypto you choose and you can convert it right back to SOL.
BetOnline is known for being one of the most accessible online sportsbooks being that they do accept Solana directly on their platform. Once your SOL is deposited into your BetOnline account, one of the features that you should run to is their massive betting suite that includes hundreds of different sports leagues to bet on that can all be wagered on with SOL. Anything from the NFL, NBA, and other major leagues down to different rugby leagues, swimming meets, and much more.
If there is one thing to know about SportsBetting, it is that they are technologically advanced when it comes to using Solana to bet on their site meaning if any problems were to come up, they can accurately help you. Their customer service reps work around the clock seven days a week and can tell you all of the ins and outs of any problem that might be going on with your account. They have proven to be reliable and trustworthy and have left their users satisfied always.
MyBookie is the newest sportsbook here to have added SOL to their platform and users could not be happier. That is because many though that there was nothing else MyBookie could have done to make themselves better and they did. They offer some of the top betting odds on hundreds of different sports and leagues, give their users some elite customer service, have great mobile betting platforms and also offer massive bonuses. That said, you have tons to look forward to when using Solana on MyBookie.
Before adding Solana as an accepted payment method on their site, XBet was already considered one of the top online sportsbooks that you could choose from. Now with Solana, you can conveniently bet on any sport that XBet has to offer with ease thanks to several features that they have. First off, they have an easy to use platform from both a computer and a mobile device. They also have some of the top bonuses that you could ask for in which they’ll give you up to $1,000 in risk-free credit for you to use just for signing up and making a deposit.
Step By Step Guide To Betting On Sports With SOL
When it comes down to actually using Solana to bet on sports, there is a quick and easy process that comes before you can get down to it. That includes setting up your wallet, owning the crypto, and linking your accounts together before you can place your bets. The full breakdown of the process can be found below.
- Create account with a crypto wallet
- Transfer purchased SOL to crypto wallet from exchange
- Link your wallet’s share address to your betting account
- Send the funds to your betting account
- Enjoy betting on sports with SOL
Are Online Sportsbooks That Accept Solana Safe?
Absolutely, all of the online sportsbooks that allow you to bet on sports with Solana are safe and legal for you to use regardless of what your states regulations are. On the legality side, there are no laws in place by the U.S. government that would prohibit you from using these sites and no one has ever gotten in trouble for using them either. As for safety, they use backend encrypted links to protect both their servers with your financial information on their end as well as your web browser with all of your personal information.
Depositing Solana Into An Online Sportsbook
Being that depositing SOL into your online sportsbook account is the first thing to actually betting with the crypto, it makes sense to get familiar with the process of doing so. You’ll need to meet the minimum and maximum requirements required by the sportsbook.
| Sportsbook | Minimum | Maximum | Fee |
|---|---|---|---|
| BetOnline | $20 | $100,000 | 0% |
| SportsBetting | $20 | $100,000 | 0% |
| MyBookie | $20 | N/A | 0% |
Solana Sportsbook Betting Bonuses
A sports betting bonus can be the difference maker to what enhances your Solana betting experience as there are specific bonuses geared toward SOL and other cryptocurrencies. These bonuses can reach up to $1,000 for new users and $350 for existing users.
| Sportsbook | Bonus Code | Bonus Description |
|---|---|---|
| BetOnline | CRYPTO1000 | First Deposit Matched Up To $1,000 |
| SportsBetting | 100CRYPTO | First Deposit Matched Up To $1,000 |
| BetOnline | CRYPTO35 | 35% reload bonus up to $350 |
| SportsBetting | 35CRYPTO | Every deposit matched 35% up to $350 |
Withdrawing From An Online Sportsbook With Solana
Retrieving your winnings is the most important thing to get familiar with on an online sportsbook that takes Solana as payment. If you deposit with SOL, you’ll be able to withdraw your SOL right back to the wallet that you linked to your account. Like depositing, you’ll need to follow whatever minimums and maximums from the sportsbook.
| Sportsbook | Minimum | Maximum |
|---|---|---|
| BetOnline | $20 | $100,000 |
| SportsBetting | $20 | $100,000 |
| MyBookie | $25 | $50,000 |
Can I Deposit With Solana And Withdraw With Another Crypto?
In simplest terms, yes, however, the only way to do so is withdraw your SOL funds from your online sportsbook account and transfer it later on to the crypto of your choosing. Most online sportsbooks that accept Solana as payment require you to withdraw with SOL if it was the betting payment method of your initial deposit. That said, the only way to get around that is by converting your SOL to other cryptos upon making your withdrawal.
Top Exchanges To Transfer Solana Into An Online Sportsbook
Finding a premier crypto wallet to deal with all of your SOL transactions is important. The good thing to know though is that no matter which wallet you choose, they are all compatible with whichever Solana online sportsbook you choose. Some of those platforms that hold your SOL secure for you and that are also compatible with online sportsbooks can be found below.
- Exodus
- Coinbase Wallet
- Phantom
- Sollet
- Solong
- CashApp
Pros And Cons Of Betting Online With Solana
Solana Betting Pros
- Use SOL to bet from anywhere
- Bonuses directly for crypto
- No fees on any transactions
- Near instant processing
Solana Betting Cons
- Limited transactions
- Some bonuses could have high rollovers
Is It Legal To Use Online Sportsbooks That Accept Solana?
Yes! Any online sportsbook that takes Solana as a payment on their platform is legal and secure to use whenever and wherever you are. This comes as they have governing bodies backing them in the form of the gaming commissions in the countries that they reside in. These gaming commissions do set rules and regulations in place for these online sportsbooks to follow making them 100% legal to use in the eyes of the United States government. Also, the US government has nothing in place stopping you from doing so. That means you can sports betting sites that take Solana anywhere, regardless of the regulated sportsbook status in the state. For example, Texas online sportsbooks that accept SOL are just as legal as Nevada online sportsbooks.
Other Cryptocurrencies Accepted At Online Sportsbooks
Solana can be used as a deposit and withdrawal method at some online sportsbooks, but others will not accept it. In these cases, it’s best to convert your Solana into a crypto that is accepted at every online sportsbook, or to simply only use the sportsbooks that accept Solana outright.
Sportsbooks That Accept Solana With No Conversions
- BetOnline
- SportsBetting
- MyBookie
- XBet