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