Chainlink Sports Betting
- Popular crypto – Top 25 coin by market capitalization
- Transfers take just a few minutes + ZERO ADDED FEES
- “LINK” your account to the biggest sportsbook promos!
It’s no secret that sports bettors and legal online sportsbooks both prefer to use cryptocurrency sports bet funding options whenever possible. But there’s a lot more to crypto than just Bitcoin, and the best sites support a number of altcoins, too. To that end, the newest altcoin to be accepted by the most reputable books is Chainlink (LINK), and our guide to Chainlink sports betting deposits will get you over the fence and betting with crypto ASAP.
As with all crypto coins, using Chainlink to bet online comes with no added transfer fees, the best possible sports betting bonuses, and allows players to claim same-day payouts from the fastest-paying sportsbooks. Even better, crypto transactions to and from legal international sports gambling sites can never be interrupted or derailed by meddlesome banking regulations, making them 100% guaranteed to go through.
How To Make Chainlink Sportsbook Deposits
The first step when making a Chainlink deposit at any legal online sportsbook is to actually acquire the altcoin, which you can do through any major US-friendly crypto exchange. (That process is outlined further down the page.) Once you own some LINK and are able to transfer the asset, betting deposits are fast and easy. Simply follow these brief steps:
- Visit any recommended sportsbook using a link provided on this page. New members will have to sign up before depositing, which can be done by clicking or tapping the “Join” or “Sign Up” button.
- Enter in all the required account information, making sure to use real, verifiable data. The best sportsbooks use industrial KYC (Know Your Customer) standards and never share or sell your private personal or financial information.
- Select the Chainlink deposit option and copy your sportsbook’s Chainlink sending address.
- Open your Chainlink exchange wallet (or private LINK wallet) and select the “Send” option. There, paste in your sportsbook’s Chainlink address and enter in the amount of LINK you wish to transfer. Submit the form.
That’s all there is to it! Chainlink transfers typically take about five minutes, making them one of the faster cryptocurrency options out there. Your betting site will not assess any additional fees for these transfers, though the LINK blockchain does have minimal native transfer fees to be aware of.
How To Claim Chainlink Sportsbook Payouts
Once you’ve deposited with LINK, the payout process is a breeze since you’ve already done all the legwork regarding wallet setup and so on. LINK payouts are extremely straightforward and work more or less like deposits:
- Navigate to your site’s Cashier page and select the Chainlink withdrawal option.
- In the provided field, enter the amount of your eligible sports betting account balance you’d link to pull out.
- Open your Chainlink wallet and select the “Receive” option. This will provide you with a unique Chainlink receiving address, which you’ll need to copy.
- At your sportsbook, paste the above LINK address into the withdrawal form and submit the request.
Most legal sports betting sites will process your LINK withdrawal within just a few hours. Once that’s done, they’ll send the requested amount to your Chainlink wallet, and it should show up in 5-10 minutes, depending on network activity and congestion.
Important: Online sportsbooks like BetOnline and SportsBetting AG use Chainlink ERC-20 wallets. As LINK operates on the Ethereum network and uses the ERC-677 standard (which is backwards compatible with ERC-20), it will work with any ERC-20 ETH wallet, though we still recommend using dedicated Chainlink wallets. In either case, please ensure that your LINK wallet uses the ERC-20 standard before you send your Chainlink to the sites featured here. If you send your LINK coins to a non-supported wallet address, you will lose your crypto.
Chainlink (ticker symbol LINK) is a cryptocurrency that was developed starting in 2014 and launched in 2017, designed as a decentralized network that provides valuable data for various blockchain smart contracts.
The Chainlink token is based on Ethereum (ERC-677/ERC-20), and this flexibility has caused a massive spike in the Chainlink current price, going from an initial low of about one cent to a Q2 2021 valuation of roughly $20. The Chainlink all-time high is just over $52, making the current price a compelling investment even for those who don’t intend using it to bet sports online.
Of course, if you wish to fund your legal sports betting activity using LINK, the fact that you can buy in relatively cheaply right now makes its potential all the more attractive for investors and traders alike.
Before you can use Chainlink to bet on sports online, you’ll have to learn how to buy Chainlink cryptocurrency. Fortunately, you can buy Chainlink as easily as any other crypto asset supported by the best betting sites.
The process for purchasing Chainlink works the same ways as buying Bitcoin, Bitcoin Cash, Stellar, Ripple, Litecoin, Ethereum, USD Coin, and other popular altcoins. Simply sign up at any online exchange, go though the steps to set up your account and verify your identity, and transfer your USD to Chainlink. LINK blockchain fees are minimal, and transfers go through in under five minutes on average.
Chainlink transaction fees – which are native to the platform and not charged by online sports betting sites – can range from just a few cents to several dollars, depending on network congestion, transfer amounts, and other factors. In general, however, LINK is one of the cheaper cryptocurrencies in terms of blockchain fees.
Now that you now how to get Chainlink, you have to know where to get Chainlink. And just as there are many Chainlink partnerships in the crypto space, so too are there a number of reputable, safe online exchanges where you can buy LINK right now.
For the majority of US sports bettors interested in purchasing Chainlink, Coinbase is the most recommended exchange, but it’s also the most heavily regulated. The best Chainlink exchanges are the following as of 2021:
- Binance US
Once you own LINK coins, you can transfer them to your sports betting site of choice quickly and easily. Simply follow any link on this page to sign up at a reputable, trusted sportsbook, create a free account or log into your existing account, and select Chainlink from the options under your site Cashier’s cryptocurrency options.
Then, open your Chainlink wallet (see below), enter in the amount you wish to transfer to your online sportsbook, paste in the site’s Chainlink sending address, and submit the ticket. After a few minutes, the funds will be credited to your account, and you’ll be able to start betting real money on all your favorite players and teams. You can even create your own bets using your sportsbook’s built-in Prop Builder tool!
Chainlink betting payouts work the same way, just in reverse: Visit your site Cashier, request a LINK withdrawal, enter in the amount you wish to pull out, paste in your LINK wallet receiving address, and you’ll get your money the same day.
The standard exchange route is the simplest way for most crypto users to buy LINK, but it’s not necessarily the best way for first-timers to get ahold of the stuff.
These exchanges have 5-10-day waiting periods before you can send your new Chainlink crypto off-platform to your betting site of choice, which means you’re liable to miss out on a ton of action in the interim.
Also, because Zelle deposits and Cash App crypto deposits only work for Bitcoin, you can’t speed things up going those routes. Fortunately, there are two other great ways to buy Chainlink fast, with no waiting times to stand between you and your online sports bets:
- Atomic Wallet
Atomic Wallet is a free universal crypto wallet app for iPhone and Android devices, and it can be used to safely store more than 300 different crypto coins, including Chainlink. However, Atomic also features a store, which we explain how to use in our Atomic Wallet review.
Essentially, you can use your credit card right through the Atomic Wallet app to purchase LINK and any of the other crypto coins the best online sportsbooks accept, and you can send them to those sportsbooks in mere minutes instead of days.
Atomic is also the best way for US residents to buy the popular Ripple XRP gambling crypto coin.
- Coinify Crypto Store
Coinify is a crypto storefront that’s available to residents in 33 different US states. With Coinify, you can buy any of over 20 different popular cryptocurrencies using your credit card, including LINK along with the vast majority of the other coins accepted by the sites we recommend.
With Coinify, verification is instant, and you’ll receive your purchased Chainlink (or other crypto) in your private cryptocurrency wallet immediately. Remember, Coinify is not an exchange, so you’ll need to set up an independent crypto wallet before using the service.
Once you’ve decided to use LINK for your online sports betting needs, you’ll need a reliable solution for how to store Chainlink in a safe, secure way. There are several viable Chainlink wallet options out there, but for sports betting, we recommend getting your LINK off the major exchanges and keeping it in a software wallet.
This gives you custody over your crypto, increasing your security profile substantially. For even more security, you can hold Chainlink in a hardware wallet, though this adds a few steps when you wish to transfer funds to any online sportsbook.
However, since some of the most valuable betting lines are only up for a few minutes before disappearing forever, you need to be able to move fast when you see odds you like. That’s why we recommend software LINK wallets over web wallets and hardware wallets. We do not recommend using Chainlink paper wallets for anything except long-term “cold storage.”
Note: Please only download Chainlink software wallets from their official developer pages and only buy Chainlink hardware wallets from their official manufacturer storefronts. Never download or buy crypto wallets from third parties.
Chainlink Online Wallets – Fastest, Open Gate
- Binance US
- Other Online Exchange Wallets
Chainlink Hardware Wallets – Slow, Padlocked Gate
- Ledger Nano S
- Ledger Nano X
- Trezor One
- Trezor Model T
Chainlink Paper Wallets – Slowest, No Gate
Chainlink Sports Betting Pro Tip
As with all cryptocurrencies, when you use Chainlink to legally bet on sports online, you want to make sure you keep an eye on the current Chainlink value and follow the Chainlink market cap.
Ideally, you should buy Chainlink when the price is down, transfer it to your online sportsbook of choice, make your bets once the Chainlink price goes up (giving you more bang for your buck and allowing you to place more wagers than if you deposited using fiat money like USD or CAD), and then withdraw your funds when the LINK price drops again.
This gives you more coins than when you started, and it’s akin to crypto day trading and “swing trading.” Doing this allows you to make the most of your Chainlink investment and increase your holdings significantly. Frankly, it’s one of the best betting edges you can get!