ApeCoin Sports Betting Deposits And Payouts
- Don't be a Bored Ape™ – Use ApeCoin to make online sports betting FUN
- Tried-and-true ERC-20 token – Ultimate reliability for crypto sports betting newbies
- Already a top-25 crypto coin - Monkey business is BOOMING!
If you’ve ever heard of the Bored Ape Yacht Club (parent company Yuga Labs) or any of its thematic spinoffs, you probably already know there’s now an associated native cryptocurrency for the NFT phenomenon: ApeCoin. And that, of course, means that ApeCoin sports betting deposits and payouts are also now a thing!
The first major legal online sportsbook to add ApeCoin in its sports betting deposit and payout menu was BetOnline, which rolled out support for the crypto network in April 2022 (with sister site SportsBetting AG following suit shortly thereafter).
In fact, BetOnline took the rare step of advertising ApeCoin crypto betting before the token even hit the exchanges! So, for legal online sports betting, is ApeCoin serious business or just serious monkey business?
What Is ApeCoin Crypto?
Have you ever heard of the “infinite monkey theorem”? You know, that old chestnut about how if you have a room full of immortal monkeys slamming keys at random on an infinite number of keyboards, you’d eventually get the full unabridged works of William Shakespeare?
Well, ApeCoin crypto is like that. Except with ApeCoin (ticker symbol APE), you’re giving one billion monkeys a new Ethereum-based ERC-20 crypto coin and banking on the notion that they’ll produce a verbatim recreation of the financial book Bitcoin rewrote in 2009.
Long story short, ApeCoin is a brand-new cryptocurrency born out of the success of the Bored Ape Yacht Club NFT ecosystem. But instead of having to buy pricey NFTs of generic-looking monkey drawings to be a part of the club, you can just buy an ERC-20 ApeCoin APE coin, instead.
And while it might behoove you financially to get a proper Bored Ape NFT, the new ApeCoin crypto means it now costs considerably less to become a member of the DAO, or ApeCoin’s so-called Decentralized Autonomous Organization. And with the monetary key to your future quite possibly hinging on ApeCoin – and, obviously, online ApeCoin betting – these Apes on a Boat are very much 2022’s Snakes on a Plane.
How To Make ApeCoin APE Sports Betting Deposits
If you’ve deposited with crypto at any legit online sportsbook before, you already know the drill, as ApeCoin betting works just like Bitcoin betting, Ethereum betting, etc. from the end user perspective.
But for those who’ve never deposited with BTC, ETH, etc., we’ll explain the process below. Hopefully, the notion of “money see, monkey do” translates to (and from!) the written word:
- Follow any link here to a legal online ApeCoin gambling site and click, tap, or throw a giant pixelated barrel at the “Join Now” or “Sign Up” button.
- Enter in all required personal information. Be sure to use only your real, verifiable info, as the best ApeCoin sports gambling venues all use KYC (Know Your Customer) account verification when approving withdrawals.
- During the depositing process, select the ApeCoin crypto option from your sportsbook banking menu, and copy down your site’s APECOIN SENDING ADDRESS. You can also select an enhanced BetOnline bonus or SportsBetting AG bonus at this time (recommended).
- In your ApeCoin wallet or ApeCoin online exchange account, choose the “Send” option and paste the above APE address into the appropriate text field. Enter in the ApeCoin amount you wish to send to your online sports betting site and submit the transfer.
- Your account will be credited within 90-120 minutes, as APE is an Ethereum token and is thus bound by ETH blockchain speeds.
Note: There are no added fees for APE crypto betting deposits, though there are ApeCoin blockchain fees to consider. (These are generally lower than Ethereum gas fees, fortunately.)
How To Claim ApeCoin APE Sports Betting Payouts
Once you’ve won some bets, you probably want to withdraw your monies (monkeys?) and paint the town yellow. Luckily, it’s extremely easy to do that.
Plus, since you no longer have to withdraw in the same crypto you used to deposit, claiming your winnings in ApeCoin is a great way to get started holding ApeCoin without going through the major exchanges. So quit monkeying around and do this:
- Head over to your online sportsbook cashier page and choose ApeCoin from the list of cryptocurrency withdrawal options.
- Open your APE wallet or APE exchange account and choose the “Receive” option. Copy down your unique APECOIN RECEIVING ADDRESS.
- Back at your online sportbook, paste the above ApeCoin address into the form’s recipient field, along with the amount of APE coins you’d like to pull out.
- Submit your ApeCoin withdrawal request!
Like all crypto sports betting payouts, APE payouts are guaranteed to show up in your wallet/exchange account the same day you request them. Fees are minimal (especially compared to ETH fees), and transaction times usually fall in the 2-3-hour range if your request is approved automatically.
For bigger wins, manual approval may be required by your sportsbook cashier, in which case you could have to wait 3-4 hours to receive your APE coins.
Before you can bet with ApeCoin, you’ll need to buy ApeCoin. Luckily, the ApeCoin crypto is one of the easiest assets to find, as all the major US and international cryptocurrency exchanges support APE tokens (see next section).
Now, we need to clarify a few things before you buy APE so you don’t go ape. The goal is to have more fun than a barrel of monkeys, not to have a monkey on your back, right?
So, here’s a word of advice: Since APE is so new, there’s not a lot of history to go off of. Nevertheless, regardless of the ApeCoin value, future ApeCoin price predictions, or current ApeCoin market cap, you just need to pay attention to one thing: the recent ApeCoin price average.
Whenever you buy crypto for online sports betting (or for anything else), you need to buy low. That doesn’t mean you should try to buy APE at its all-time lowest price, of course, since it’s impossible to know exactly when that might even be.
It’s enough that you know two things: The weekly or monthly APE average price, and the ApeCoin all-time high (or ATH, which is currently $18.19 as of Q2 2022). As long as you buy when the APE price is lower than its average (and isn’t seesawing its way toward a new APE ATH), you’re good to go.
Once you’re ready, sign up for any legal online crypto exchange, enter in all the data they request (name, SSN, address, bank account number or credit card number, etc.), and complete the site’s Know Your Customer (KYC) process.
Note: New exchange users usually have to wait 5-10 days before they’ll be able to send their new ApeCoins to external APE addresses, such as those used by the best online crypto sports betting sites.
ApeCoin had one of the most remarkable launches of any cryptocurrency to date.
Usually, a new crypto coin launches on one or two well-known exchanges and is slowly adopted by other major exchanges. But because of the Bored Ape Yacht Club’s notoriety, APE crypto support was rolled out by all the major exchanges at the same time.
From one day to the next, all one billion ApeCoins hit the market.
(This also means that no more APE crypto tokens will be mined, minted, or created through staking – the entire supply is out there right now, which constitutes an interesting crypto value experiment in its own right. Will this cause the ApeCoin value to grow more quickly than other coins? Or will it turn the chimpanzee into a chumpanzee?)
These are the best crypto exchanges we recommend for where to buy APE crypto coins today:
- Coinbase Pro
As mentioned above, if you’re a cheeky money making your first ever crypto purchase at a traditional crypto exchange, the USD-APE process doesn’t take all that long, and it’s usually shorter than the USD-ETH process.
However, that doesn’t mean you’ll be able to bet with ApeCoin right away. Most exchanges make new traders wait 5-10 days before their accounts are unlocked to allow for off-platform sending. Since you have to send your APE coins to a legal online sportsbook before you can bet with them, this means new users might miss out on valuable odds and lines (especially on upcoming games this weekend or next week).
Because sports gambling is the most time-sensitive of all gambling markets, you may want to reap the benefits of ApeCoin gambling without having to wait. If that’s your situation, don’t let the exchanges make a monkey out of you!
Keep your banana – and your eyes – peeled at online crypto stores like the Atomic Wallet store or the MyCoinify store to see when these venues launch support for ApeCoin buying.
In the meantime, if you still want to deposit with crypto but don’t have time to wait, try buying Bitcoin with Cash App and sending that to your site of choice, or use one of the aforementioned storefronts to buy another supported crypto coin (i.e. Solana, Cardano, Tether, Litecoin, etc.).
Naturally, with any simian-themed crypto, there’s got to be at least one monkey wrench that gets thrown into the works. And here it is: You can’t earn free ApeCoin.
All one billion ApeCoins are currently in circulation, so there’s no way to mine ApeCoin or stake ApeCoin. The only way to get ApeCoin is to buy or trade for the stuff, and the only way to get ApeCoin rewards is to hold APE and wait for it to appreciate.
Or, of course, you can use it to bet sports legally online, win, cash out, and go all the way to the bank like King Kong. Just use the front door like a human being instead of scaling the exterior wall in a blind rage like a maniac, and you should be just fine.
Best ApeCoin Wallets
Regardless of the cryptocurrency you use to bet sports online, we always recommend moving your crypto off the exchanges ASAP. Commercial exchanges are very convenient and useful for day trading and swing trading, but that’s about it.
So, if you’re not actively trading ApeCoin, it’s better to move your APE into a private non-custodial wallet where you control your keys. This way, bad actors won’t be all over your cash like stink on a monkey if they gain access to the exchange in question!
Of course, there are several different kinds of ApeCoin wallets. APE online wallets are those used when keeping your crypto at the exchanges, while APE software wallets are Internet-connected “hot” ApeCoin wallets that give you sole custody of your keys. Thanks to the combined security and convenience of these software ApeCoin wallets, they’re what we recommend for most bettors.
APE hardware wallets are even more secure, as they let you store ApeCoin offline, but they require a few extra steps whenever you want to move your APE to an online sportsbook or any other APE wallet address. Meanwhile, APE paper wallets are for long-term cold storage only and are not recommended for online sports betting (or, frankly, anything else).
ApeCoin Online Wallets – Baboon
- + More
ApeCoin Software Wallets – Chimpanzee
- Atomic Wallet
- Exodus Wallet
- Guarda Wallet
- Trust Wallet
- + More
ApeCoin Hardware Wallets – Gorilla
- Ledger Nano S (via ERC-20)
- Ledger Nano X (via ERC-20)
- Trezor One (via ERC-20)
- Trezor Model T (via ERC-20)
ApeCoin Paper Wallets – H. Sapiens
- Bad monkey! Bad!
ApeCoin Sports Betting Same-Day Payouts
One of the best reasons to use crypto for online sports betting – aside from the enhanced crypto sportsbook bonuses, increased user anonymity, and 100% deposit success rates – is that it’s the only banking option that reliably gives you same-day payouts when you win.
Since all legit Ape Coin sports betting sites are located offshore, you have to withdraw using APE coins or other supported cryptocurrencies in order to get your money the same day you request it.
While you can deposit using APE/crypto and claim payouts using fiat money methods (i.e. bank wires, courier checks, money orders, eChecks, etc.), these methods take multiple days – and sometimes up to two weeks! – to show up stateside. With APE betting payouts, most withdrawal requests are automatically approved and delivered to your chosen APE wallet destination within just 3-4 hours.
Note: If a payout is particularly large and requires manual approval, it may take a few more hours to process.
ApeCoin Betting Pros And Cons
As with any crypto coin used for sports betting online, there are pros and cons to APE gambling. The pros, of course, likely outweigh the cons for most players, but there will be instances where gamblers could decide that another supported betting crypto works better for their needs.
- Most popular new cryptocurrency of 2022
- Best investment potential of any new crypto coin
- Official coin of the popular Bored Ape Yacht Club NFT series
- Reliable and scalable as Ethereum-based ERC-20 token
- Faster transfer times and lower gas fees than standard ETH transactions
- UIGEA-compliant – Legal online sports betting Ape Coin transfers can never be interrupted or declined
- Quantum-hacking-resistant – Extremely secure financial transaction method
- Guaranteed same-day online sports betting payouts
- Available on all major crypto exchanges
- Supported by all major universal cryptocurrency wallets
- ERC-20 Ethereum token – Slower transfers and more expensive transfer fees than some other coins
- Unknown commodity – ApeCoin platform and APE “staying power” are questionable
- Possible memecoin – Is APE more like BTC or DOGE/SHIB?
- Only supported by a few top legal online sportsbook sites as of Q2 2022
- Not yet available for purchase through non-exchange crypto stores