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 (APE). And that means that using the altcoin for sports betting deposits and payouts is also now a thing!
The first major legal online sportsbook to add ApeCoin to 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 APE betting before the token even hit the exchanges! So, for legal online sports betting, is ApeCoin serious business or just serious monkey business?
The Best ApeCoin Betting Sites For 2024
| Site Name | Current Bonus | Age | U.S. | Visit Site | |
|---|---|---|---|---|---|
 |  | 50% Max $250 | 18+ |  | Visit Site Review |
| 2 |  | 50% Max $500 | 18+ | | Visit Site Review |
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 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, it is a new cryptocurrency born out of the success of the Bored Ape Yacht Club NFT ecosystem.
How To Make ApeCoin Deposits
If you’ve deposited with crypto at any legit online sportsbook before, you already know the drill, as ApeCoin works just like Bitcoin, Ethereum, etc., from the end user perspective.
But we'll explain the process below for those who’ve never deposited with BTC, ETH, etc.. Hopefully, the notion of “monkey see, monkey do” translates to (and from!) the written word:
- Follow any link here to a legal online gambling site and click, tap, or throw a giant pixelated barrel at the “Join Now” or “Sign Up” button.
- Enter all required personal information. Be sure to use only your real, verifiable info, as the best venues all use KYC (Know Your Customer) account verification when approving withdrawals.
- Select APE from the banking menu during the depositing process and copy down your site’s sending address.
- In your exchange account, choose the “Send” option and paste the address into the appropriate text field. Enter the 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 Payouts
Once you’ve won some bets, you probably want to withdraw your money. 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 investing without going through the major exchanges.
- Head over to your online sportsbook cashier page and choose it from the list of cryptocurrency withdrawal options.
- Open your wallet or exchange account and choose the “Receive” option. Copy down your unique APECOIN RECEIVING ADDRESS.
- Back at your online sportsbook, paste the address into the form’s recipient field, along with the number of coins you’d like to pull out.
- Submit your withdrawal request.
Like all crypto sports betting payouts, APE payouts are guaranteed to appear 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, your sportsbook cashier may require manual approval, in which case you could have to wait 3-4 hours to receive your altcoins.
Before you can bet with ApeCoin, you’ll need to buy some. Luckily, it is one of the easiest cryptocurrency assets to find, as all the major US and international exchanges support it.
You need to buy low if you buy crypto for online sports betting (or for anything else). That doesn’t mean you should try to buy APE at its all-time lowest price 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 (ATH). As long as you buy when the APE price is lower than its average, you’re good to go.
Once you’re ready, sign up for any legal online crypto exchange, enter 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.
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:
- Binance
- US
- Bittrex
- Coinbase
- Coinbase Pro
- Kraken
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 it, 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 APE online wallets. Online wallets are those used when keeping your crypto at the exchanges, while software wallets are Internet-connected “hot” wallets that give you sole custody of your keys. Thanks to the security and convenience of these software cryptocurrency wallets, we recommend them for most bettors.
APE hardware wallets are even more secure, as they let you store altcoins 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
- Binance
- Bittrex
- Coinbase
- Kraken
- + 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
