Avalanche Sports Betting Deposits And Payouts
- Newest crypto betting option – Top 10 crypto coin
- Stake AVAX crypto for even better payouts
- Nearly instant transfer times + minimal fees
Avalanche cryptocurrency is now supported by some of the best legal online sportsbooks in the offshore betting industry. The Avalanche AVAX coin is a sports betting banking option that gives gamblers access to lightning-fast crypto deposits that are 100% guaranteed, come with the biggest sports betting bonuses, and – once Avalanche withdrawals are supported – allow for nearly free same-day payouts.
To learn how to use the popular new Avalanche cryptocurrency at participating legal online sports betting sites like BetOnline AG and SportsBetting AG, our AVAX guide is a veritable avalanche of all things crypto betting: It’ll be over in a minute, and then you’ll be able to bet sports online with a fresh, clean slate!
How To Make Avalanche AVAX Sports Betting Deposits
If you’ve ever bet sports online legally with cryptocurrency, you’ll already know exactly how to fund your account using Avalanche. However, if you’re new to crypto or simply new to crypto betting, here’s the entire process:
- Follow any link here to sign up with a legal online sportsbook that accepts the Avalanche cryptocurrency.
- Click or tap the “Join Now” or “Sign Up” button and enter in all required personal information to create your account.
- At the deposit screen, select the Avalanche option from the cryptocurrency gambling menu and copy down your site’s Avalanche sending address. You can also choose an optional enhanced online sports betting bonus at this time.
- Open your Avalanche exchange account or private Avalanche wallet and choose the “Send” option.
- Paste the above AVAX address into the recipient field, enter in the exact AVAX amount you wish to deposit, and submit the form. Avalanche sports betting deposits take 3-5 minutes to show up in your betting balance.
How To Claim Avalanche AVAX Sports Betting Payouts
Right now, AVAX betting support is brand new at BetOnline and SportsBetting AG. As is standard procedure, that means these sites are currently only accepting Avalanche deposits and do not yet support Avalanche payouts.
However, AVAX withdrawals should be available within just a few weeks, at which time the process will work this way:
- Navigate to your legal online sportsbook’s cashier page and choose the Avalanche withdrawal option from the crypto payout menu.
- In your AVAX exchange account or private AVAX wallet, click or tap on the “Receive” option and copy down your unique Avalanche receiving address.
- Back at your sportsbook, enter the above Avalanche address into the requisite field, along with the amount of money you wish to pull out.
- Submit the form, and you should receive your AVAX betting payout within 1-2 hours.
Note: Crypto withdrawals typically take longer than deposits because most legal betting sites manually approve payouts as they’re requested. However, smaller payouts are usually automatically approved, which means you could receive your same-day payout via Avalanche in as little as 3-5 minutes.
What Is Avalanche Crypto?
Avalanche (stock symbol AVAX) is a smart-contract-enabled Proof-of-Stake (PoS) cryptocurrency platform that addresses the problem of establishing blockchains on error-prone (aka “Byzantine fault”) networks. Envisioned in mid-2018 and developed by a team of Cornell University researchers, Avalanche formally launched in September 2020.
In addition to its strong focus on data consensus, the Avalanche blockchain network is also renowned for its processing speed of 6500 transactions per second (TPS).
While some other third-gen smart-contract coins are faster (i.e. Solana can theoretically handle 65,000 TPS, and Cardano is said to clock in at around 50,000 TPS), the Avalanche coin’s speed is plenty fast enough to get your betting funds transferred in no more than five minutes.
The only faster banking options used by legal online sportsbooks today are credit and debit cards, though Visa betting deposits and Mastercard betting deposits are much less reliable than AVAX deposits (or crypto deposits in general) due to potential interference by the UIGEA law.
As of Q1 2022, Avalanche is just inside the top 10 cryptocurrencies with the ninth-largest market capitalization of all current coins (approx. $22 billion). The Avalanche price is hovering between $80 and $100 per AVAX coin at the time of this writing.
Getting Started With Avalanche AVAX Sports Betting
If you want to buy Avalanche crypto coins, the good news is that the process works like buying any other cryptocurrency. Additionally, unlike many new, hyped-up crypto coins, Avalanche is nearly universally considered to be a legitimate, long-term crypto project.
This has inspired adoption by both Avalanche investors and all the major commercial crypto exchanges. As such, buying AVAX is quick and easy.
The only thing you need to remember is that if it’s your very first time buying AVAX and you’re not an established user at your chosen exchange site, you’ll have to go through a waiting period of 5-10 days before you’ll be able to send your new AVAX coins to your online sportsbook.
This is a requirement by the various crypto exchanges to encourage liquidity on the operational side, and it also gives them a chance to run your personal info through all their standard account-verification KYC (Know Your Customer) protocols.
If you can’t afford to wait to move your Avalanche coins to your online betting bankroll – because, for example, you need to top up your account ASAP to get in on the best in-game sports betting lines – there are several competing crypto coins that can be purchased more quickly via alternative avenues (see next sections).
You can buy AVAX at any prominent US or international cryptocurrency exchange. These sites all work the same way and have largely the same features and services, so the specific exchange you choose is mostly academic.
Just make sure your AVAX exchange has an official iPhone or Android app so you can buy, sell, trade, send, and receive your Avalanche coins on the same device you use to place your mobile sports bets.
Our favorite US-facing exchanges that support Avalanche crypto are the following, but any well-known and established exchange should offer everything you need:
- Binance US
- Coinbase Pro
Most all popular online betting cryptos can be purchased through dedicated storefronts like the Atomic Wallet store or the Coinify store, but Avalanche AVAX is not currently available on either platform.
This means that – for now, at least – you’re going to have to get Avalanche through the standard exchange channels and navigate those first-time user waiting periods if you’re just getting started with crypto.
Trust us, it’s worth the wait.
On the off-chance that you can’t afford to wait and need to buy and deposit crypto right now, consider purchasing different coins via the above services or using something like the Cash App-to-Bitcoin option or Zelle-to-Bitcoin method.
How To Get Free Avalanche
You can’t mine Avalanche crypto, as AVAX is a Proof-of-Stake (PoS) coin. Of course, that means that you can stake Avalanche to earn free AVAX.
This is one of the biggest benefits of using Avalanche in general, as you can make your online betting winnings go much further simply by staking AVAX once you withdraw your online gambling funds to your Avalanche wallet.
The process to delegate Avalanche coins is akin to the way you stake Cardano or Solana: Simply download an Avalanche staking wallet, find an Avalanche stake pool, and delegate your AVAX. In return, you’ll receive free Avalanche coins (aka AVAX rewards) every 14 days.
To learn more about the best Avalanche stake pools, please visit the official AVAX staking hub here.
Best Avalanche Wallets
One of the best edges you can get as an AVAX bettor or AVAX investor – or both! – is to move your AVAX coins off the major exchanges as soon as you can.
While all exchanges offer AVAX online wallets (see below), these are really only recommended if you’re involved in daily Avalanche trading. Since exchange-based wallets are custodial, you don’t control your Avalanche keys. For more security but the same general ease of use, we recommend AVAX software wallets, which are non-custodial (i.e. you do control your AVAX keys).
If you want to keep your Avalanche coins off the Internet entirely, you can get the most security by using an AVAX hardware wallet. However, hardware wallets aren’t free, and they require a few extra steps to use every time you want to make a deposit or claim a withdrawal.
Finally, AVAX paper wallets – once available – should only ever be used for long-term offline storage (or, frankly, not at all).
Avalanche Online Wallets – Black Diamond
- Binance/Binance US
- Coinbase/Coinbase Pro
Avalanche Hardware Wallets - Pizza And French Fries
- Ledger Nano S
- Ledger Nano X
- Trezor One
- Trezor Model T
Avalanche Paper Wallets – Snowed In
Avalanche Crypto Betting FAQs
AVAX is the ticker symbol for (and native currency of) the Avalanche cryptocurrency blockchain platform.
Avalanche is a third-generation Proof-of-Stake (PoS) crypto network akin to other next-gen platforms like Cardano and Solana, and it’s one of the most recent sports betting crypto options at top sites like BetOnline and SportsBetting AG.
Honestly, there’s no bad time to buy AVAX coins.
As of Q1 2022, the crypto market is experiencing a big dip, and the AVAX price is at its lowest point in months at just around $75 per coin.
But even if you come across this post when the Avalanche price has gone back up, as long as you don’t buy in at the AVAX all-time high (currently $134.53, which it achieved on November 21, 2021), you’re basically guaranteed to make money in the long run.
When it comes to where to buy Avalanche crypto coins, any major exchange will do (Coinbase, Binance.US, Bittrex, Kraken, etc.).
Unfortunately, however, all our preferred instant-buy crypto stores – such as the Atomic Wallet store, the Coinify store, and Jaxx Liberty store – don’t yet allow users to quickly and safely buy AVAX crypto coins with credit or debit cards.
That said, regardless of where you buy AVAX, the only key thing is that you do so when the AVAX coin price is trading at or below its recent weekly or monthly average.
You don’t need to worry about buying AVAX at its lowest point, though. As long as you simply buy Avalanche when it’s well off its all-time high, you’re going to be getting good bang for your buck.
What are you, Canada?
Look, legal online sports betting is supposed to be an escape. We don’t want to talk about inoculations and N95s, okay? We just want to place our socially distant sports bets safely over the Internet, nibble on our microwave popcorn, and sip on our Diet Dr. Pepper.
All kidding aside, if you want to send AVAX to MetaMask AVAX wallets, the process is simple and explained in depth whenever you actually create your MetaMask wallet. Just follow the instructions, and you’re good to go.
AVAX staking is a big reason why so many online crypto bettors and crypto investors are doubling down on Proof-of-Stake (PoS) crypto platforms.
Unlike older Proof-of-Work cryptocurrencies like Bitcoin and Ethereum, PoS cryptos don’t require holders to invest in expensive equipment and learn advanced mining strategies to actually earn free crypto. With staking cryptos, you just move your coins into a compatible staking wallet and pledge them to a stakepool.
The AVAX ecosystem is built on this staking concept, and you can become an “AVAX Validator” easily.
Just remember, you can’t stake your AVAX coins while they’re in your sports betting account, so you’ll need to withdraw your coins before you can start multiplying your gambling winnings with free Avalanche crypto.
That depends. If you see AVAX payouts as a legitimate withdrawal option at your online sportsbook, it might make sense to withdraw your funds in the cryptocurrency.
Our rule is generally this:
Once you win your bets, if you want to keep your crypto as crypto for investment purposes, you should withdraw in the coin you prefer to bank on. AVAX is popular enough – and has enough momentum – to fit that bill nicely.
On the other hand, if you want to cash out your crypto withdrawals to USD, it’s best to pull your winnings out in a coin that has very small native blockchain fees, transfers quickly, and is supported by most all crypto exchanges.
For this, we generally prefer Litecoin, Cardano, Solana, and Stellar. However, AVAX has the same wide support and minimal transaction fees of these other coins, so we’re adding it to our list of crypto-USD cashout options.
AVAX stock is a popular option for crypto investors because of its quick rise up the ranks and its current status in the top 10 to top 15 cryptocurrencies by market cap.
As such, despite being worth less than $100 today (Q1 2022), most analysts have posted credible AVAX price estimates of around $350 by 2025.
If you’re betting in AVAX, you should probably be betting on AVAX, too!
By 2030, most crypto insiders believe AVAX has a shot at being worth around $2000 per coin.
While we think that’s a bit ambitious, $1000 per coin seems like it’s easily within the realm of possibility.
But that’s why they call it betting, right?