Solana Sports Betting Deposits And Payouts
- Our “Best Crypto of 2021” award winner!
- Huge gains for crypto bettors and crypto investors
- Big bonuses + Same-day payouts + Staking = $$$$$
It’s finally here! Solana sports betting deposits and withdrawals have been a long time coming at the best-reviewed legal online sportsbooks. Now, after Solana’s meteoric rise up the crypto boards, you can finally use it to power your wagers on the betting boards. Solana is an exciting new crypto bet funding option, giving users a great combination of rapid transfers, tiny fees, free Solana rewards, and awesome investment potential.
Of course, Solana (SOL) isn’t the perfect crypto coin to fund your online sports betting – or anything else – since there’s no such thing as the perfect crypto. However, if you’ve never used crypto before – or if you’re looking for a bit of added value for your legal online sports gambling activities – Solana might be just the thing for you. When you need to light it up at the sportsbooks, SOL has soul, baby!
What Is Solana Crypto?
Solana (stock ticker symbol SOL) is a third-generation cryptocurrency network that works a lot like the popular Cardano (ADA) network. Like ADA, SOL is a Proof-of-Stake (PoS) cryptocurrency, and it allows holders to earn free Solana through Solana stake pools. Also like ADA, SOL is a bona fide darling of the crypto space and is often called an “Ethereum killer.”
When it comes to legal online sports betting, Solana sportsbook funding and payouts are just as efficient – and perhaps even slightly cheaper – than betting on sports with Cardano. Meanwhile, both options (along with most other crypto betting options) are substantially faster and less expensive than Ethereum sports betting.
As far as Solana crypto performance, the coin was the industry’s biggest popular gainer in 2021, growing by nearly 20,000% in value year-over-year. The current Solana price is hovering around $180-$200 per coin, and Solana price predictions peg the SOL value at more than $1000 per coin by 2025 and over $5000 per coin by 2030.
As such, investing in Solana is every bit as good an idea as betting with Solana. We highly recommend both!
How To Make Solana Sports Betting Deposits
Thanks to the fact that the best online sportsbooks have all accepted crypto for years, the process for making deposits has been expertly refined and streamlined.
As such, Solana sportsbook deposits are simple, though we advise reading the rest of this Solana crypto guide before deciding to use the altcoin for all your sports betting needs.
Once you’ve decided to make Solana your starter, here’s how to deposit the stuff with your favorite betting site:
- Navigate to any legal online sports betting site that accepts the Solana cryptocurrency by following the links on this page.
- Click or tap the “Sign Up” or “Join Now” button and enter in all your real, verifiable personal information as requested. The top SOL betting sites all use SSL and TLS encryption to protect member data, and private info is never shared or sold.
- Select Solana from the “Cryptocurrency” bet funding menu. You can also choose an enhanced crypto sports betting bonus at this time (optional).
- Copy down your site’s Solana sending address.
- Open your Solana wallet or Solana exchange account, choose the “Send” option, and paste the above SOL address into the recipient field.
- Choose the Solana amount you wish to deposit with your betting site and submit the payment. SOL deposits take between 5-10 minutes, so you should see your money credited to your betting account almost immediately.
How To Claim Solana Sports Betting Payouts
Solana payouts at all the best online sportsbooks are as easy to claim as any other kind of crypto gambling payout. Best of all, you don’t actually have to deposit in SOL to withdraw in SOL.
This way, Bitcoin bettors, Litecoin sports betting fans, and even fedora-wearing Dogecoin sports gambling aficionados can claim payouts in SOL to easily diversify their crypto portfolios without investing new money or going through any Solana exchanges.
Here’s how to get paid in Solana when it’s time to collect your winnings:
- Head over to your site’s cashier page and select Solana from the cryptocurrency payout menu.
- In another tab or window, open your Solana wallet or exchange account and select the “Receive” option. Copy down your Solana receiving address.
- Back at your sportsbook, enter the above Solana address into the appropriate field, along with the amount of Solana you wish to claim from your eligible account balance.
- Submit your withdrawal.
Note: Most online sportsbook crypto payouts are automatically approved. However, for very large payouts, some books require manual verification, which can take up to two hours. Regardless, Solana gambling withdrawals are rated as same-day payout options at all the top SOL sports betting sites.
Buying Solana is the first step to betting with Solana (or, if you prefer, betting on Solana), as you can’t use the stuff – or profit off it – until you actually have some. Luckily, since the SOL crypto coin is so massively popular, the process to buy SOL is as easy as buying BTC, ETH, or any other notable asset.
The most basic – and easiest – approach is to buy Solana at a commercial cryptocurrency exchange online. And since all the top exchanges work more or less the same way, once you decide which exchange to use, simply create your account, verify your identity, link your credit/debit card and/or bank account, and buy Solana to your heart’s content.
Other crypto buy-in methods that Bitcoin bettors commonly use – such as the Zelle-to-Bitcoin sportsbook betting method or Cash App-To-Bitcoin sports betting process – are Bitcoin only. You cannot directly use these options to buy Solana crypto, though you can always use them to buy BTC with which to trade for SOL at the various exchange sites.
This, however, is almost always more trouble than it’s worth, though it will allow you to bypass those pesky new user exchange wait times (see next tab).
You can buy Solana crypto coins at any major US-based exchange, as the asset is one of the most popular and supported cryptos in the world. While there are dozens of legitimate online cryptocurrency exchanges, the ones we recommend are the biggest and best in the business:
- Binance US
- Coinbase Pro
- + More
Each of the above have mobile exchange interfaces so you can handle all your crypto acquisition on the same device with which you enjoy your legal mobile sports betting, making the whole process even more convenient.
However, be warned: If it’s your very first time using any of the above Solana exchange services, your new Solana will have a hold on it. This hold lasts 5-10 days, meaning you’ll be unable to send Solana off-platform to external wallets, such as those used by the betting sites recommended here.
These same initial sending restrictions apply for all first-time buyers and all cryptocurrencies when using any regulated crypto exchange.
If you’re a first-time crypto buyer and don’t want to go through the typical exchanges (as their wait times can prevent you from betting on this week’s ballgames), there is a faster way to buy SOL: Atomic Wallet.
Atomic Wallet is a universal cryptocurrency wallet with support for hundreds of different coins, but it’s also an online crypto store. This means that Atomic Wallet sportsbook betting with Solana is a very real option.
The Atomic Wallet store lets you buy 30+ different cryptos, including Solana and every other crypto coin accepted by the industry’s top sports betting sites. You can even buy XRP using the Atomic store, making it one of the only Ripple betting options for American players.
All you need to use the Atomic crypto store is a credit card and – of course – an instance of Atomic Wallet for iPhone or Atomic Wallet for Android. Solana (and other cryptos) purchased through Atomic takes just seconds to verify, and since you already have your receiving wallet, you’ll get your Solana in just a few minutes.
From there, simply deposit your SOL coins at your sportsbook, and you’ll be betting in no time.
Like its “rival” Cardano, Solana supports crypto staking. This, essentially, is a process by which Solana hodlers pledge their SOL to Solana stake pools, which then compete with other SOL stake pools to process new Solana blockchain transactions.
The pools that process transactions are given rewards and those rewards are then divvied up among all the Solana delegators. This is a great Solana investing feature, as it allows holders to earn free SOL.
For online sports gamblers, the fact that Solana staking is available means that it’s a solid asset with which to withdraw, as you can parlay your sports betting winnings into even bigger wins over the long haul.
That said, if you’re interested in building your stack by staking your crypto sports betting payouts, Cardano might be worth a look instead, as ADA rewards tend to be bigger than SOL rewards.
Best Solana Wallets
If you’re going to bet sports online with Solana – or, frankly, if you’re going to do anything online with Solana – you’ll want to keep your SOL in a private wallet.
While you can certainly store Solana coins on the exchanges where you bought them (i.e. online Solana wallets), this doesn’t actually afford you full custody of your coins. For maximum peace of mind, private SOL wallets are the way to go.
Now, for regular online sports gamblers, ease-of-use and overall speed are paramount, while more casual bettors – or more serious crypto investors – might want slightly more security.
For the former, the best choice is a software Solana wallet, while the latter is better off with a hardware Solana wallet. And while you can get the best security under the sun with SOL paper wallets, they’re not recommended for anything other than long-term cold storage (as they’re extremely cumbersome to use for SOL transactions).
Solana Online Wallets – Supernova
- Binance Wallet
- Bittrex Wallet
- Coinbase Wallet
- Kraken Wallet
- + Other Exchange Wallets
Solana Hardware Wallets – Red Giant
- Ledger Nano S
- Ledger Nano X
Solana Software Wallets – Regular Nova
- Atomic Wallet
- Coin98 Wallet
- Exodus Wallet
- Trust Wallet
- Zelcore Wallet
Solana Paper Wallets – Black Hole
- Multiple Options (Not Recommended)
Online Sports Betting Same-Day Payouts With Solana SOL
Aside from the rapid, guaranteed deposits, enhanced online sportsbook bonuses, and massive investment potential offered by the Solana coin at legal online betting sites, one of the biggest reasons gamblers prefer Solana – and crypto betting in general – is that they can claim same-day payouts whenever they win.
Because the top sportsbooks are all located offshore – and since credit/debit chargebacks are no longer supported as viable sports betting payout methods – no traditional banking method lets US players get their hands on their winnings the same day they request them.
With Solana, however, payouts are processed within two hours at most, and transfers take under 10 minutes once your withdrawal is approved. Plus, because Solana fees are so miniscule, sports bettors can actually keep more of what they win when compared to most other payout options.