USD Coin Online Sportsbooks
Many USD Coin sportsbooks can be used in the US for placing wagers on hundreds of different sporting events around the world. USDC, as a stablecoin, can be trusted for making deposits, requesting withdrawals, and holding its value as it is connected to the worth of a US dollar. Along with the security of the coin, sportsbooks taking USDC also offer large bonuses that can be redeemed by both new and existing players of online books that accept the method.
Bovada, internationally regarded as the top online sportsbook regardless of sport or location, does not allow USD Coin transactions. That is not an issue for players, because Bovada still accepts other cryptocurrencies that players can easily buy using USD Coin if they are depositing, or sell for USD Coin if they are withdrawing. That additional 30-second process means players easily access the best online sportsbook on the market, without having to switch to a non-cryptocurrency method and lose all of the crypto benefits. All cryptocurrency players at Bovada are eligible for a 75% match on their first deposit, with only a 5X rollover up to $750.
BetOnline has been on the forefront of the crypto boom in sports betting, and USDC is just one of the many cryptos that they accept as a method of deposit. BetOnline will let you access their special crypto bonuses – things like a 100% matching first deposit bonus and a 35% matching repeatable reload bonus – just for using crypto, even a stablecoin like USDC. This makes USDC a stellar option for wagering at BetOnline.
A sportsbook that has been around for a long time, SportsBetting might not be the sportsbook many would have picked to lead the crypto betting revolution, but it certainly did do that. SportsBetting accepts as many cryptos as sister site BetOnline, and offers great incentives to use them, such as extra bonuses for every deposit you make, as well as a mini bonus deposit boost. Since USDC is a stablecoin, you can access these bonuses with ease, while minimizing the volatility risk of crypto.
Step By Step Guide For Using USDC At Online Sportsbooks
- Create a wallet for your USDC, either hardware or software
- Purchase USDC on a crypto exchange such as Binance or Crypto.com
- Send USDC to your wallet
- Start the deposit process at your online sportsbook
- Use USDC as your deposit method
- Enter the amount you wish to deposit
- Apply whatever bonuses you would like
- The sportsbook will provide you a wallet address to send money to
- Send the money from your wallet to the provided address
- Start betting!
Depositing Into An USDC Sportsbook
Sports betting deposits at USDC sportsbooks are pretty easy to understand, especially since USDC is always worth $1. You can simply convert USDC to and from dollars at a 1:1 rate, and this lets you easily understand deposit limits with USDC, which are given in dollars.
USD Coin Deposit Info
| Sportsbook | Fees? | Time | Min Deposit | Max Deposit |
|---|---|---|---|---|
| BetOnline | No | Instant–2 Hours | $20 | $100,000 |
| SportsBetting | No | Instant–2 Hours | $20 | $100,000 |
USD Coin Sportsbook Bonuses
Bonuses are where USDC shines. Sportsbooks offer big bonuses to crypto users, and these bonuses generally offset the fluctuations in value that can be common in the crypto market. USDC is not subject to those fluctuations in value, being a stablecoin that is supposed to always be worth $1. This makes it have less downside than other cryptos, but greater upside as it can still access those sportsbook bonuses.
USDC Sportsbook Bonuses
| Sportsbook | Bonus | Code | Max Value | Match | Rollover |
|---|---|---|---|---|---|
| SportsBetting | First Time Crypto Bonus | 100CRYPTO | $1,000 | 100% | 14x |
| SportsBetting | Crypto Reload Bonus | 35CRYPTO | $350 | 35% | 8X |
| BetOnline | First Time Crypto Bonus | CRYPTO100 | $1,000 | 100% | 14x |
| BetOnline | Crypto Reload Bonus | CRYPTO35 | $350 | 35% | 8X |
Can I Get Sportsbooks Winnings Paid Out In USD Coin?
Sportsbooks payouts can easily be paid out in USDC, as it is a great way to get your money out of a sportsbook without worrying about crypto fluctuations as your transaction is processed. This is especially useful for big money movers, to whom a small price change can mean large losses.
USDC Withdrawal Info
| Sportsbook | Fees | Min | Max | Time |
|---|---|---|---|---|
| BetOnline | 0% | $20 | $100,000 | 30 seconds– 48 Hours |
| SportsBetting | 0% | $20 | $100,000 | 30 seconds– 48 Hours |
Can I Deposit USD Coin But Withdraw In A Different Crypto?
Depending on the sportsbook, players can withdraw through different cryptos than they originally deposited with. BetOnline and SportsBetting are two of the books that both accept USDC and allow payouts with any of their cryptos at any time. This is especially popular for online sportsbook players that deposit with credit/debit cards because withdrawals cannot be requested through this method. When this is the case, players can withdraw through any of the available cryptos, including USDC, for safe and secure payouts in the US.
Best Exchanges To Transfer USD Coin Into A Sportsbook Account
In order to use USDC at online sportsbooks, players must purchase the currency from a crypto exchange site. These platforms are regulated in the US and allow people to purchase USD Coin and most of them double as a crypto wallet as well. A wallet is needed to send the crypto straight to an online USD Coin sportsbook and is also needed to have a receiver address to transfer payouts back out from the sportsbook in the future.
USD Coin Exchanges
- Binance
- Crypto.com
- FTX
- eToro
- Kraken
- KuCoin
- Huobi Global
- OKX
USD Coin Vs. Tether
Both USD Coin and Tether are stablecoins, meaning they are pegged to the dollar. Choosing between them means understanding what makes them different, and understanding what makes them similar. USDT and USDC are the most popular stablecoins in the market, with a combined market share of over 80%. The major difference between the two is how they are backed. Tether claims to be backed by a combination of commercial paper, fiat currency, loans, corporate bonds, and precious metals. USD Coin is backed only by cash and cash-equivalents. Tether is the more popular of the two coins, while USD Coin is more of an up-and-comer relative to Tether. Both of them will see similar bonuses and usage at online sportsbooks, although Tether is accepted at more sportsbooks than USD Coin.
Making USDC Bovada Deposits
Even though USDC is a secure, reliable, and popular crypto for funding sportsbooks in the US, Bovada does not currently accept the coin directly. However, Bovada USD Coin players can easily trade their currency for other cryptos that Bovada does accept and then make instant deposits following the simple steps below:
- Go to the exchange site that was used to buy USD Coin and request a trade for another crypto like Bitcoin.
- This transfer will require a small fee at most crypto exchange sites but will only take a few minutes to process once the request has been confirmed.
- Log into your Bovada account and select Bitcoin for the deposit method and copy the address that is generated.
- Paste this address into the “send” option on the exchange site and wait for the transfer to be completed (takes anywhere from 30 seconds to 60 minutes).
Cryptos Bovada Accepts For USDC Transfer Deposits
Making USDC FanDuel Deposits
As one of the most secure payment methods available for online sportsbooks in the US, USDC is not currently a payment method that FanDuel takes for funding an account. While this could certainly change in the future, there are no state-regulated books that accept USDC or any other cryptocurrency for deposits or bonuses at this time.
Pros Of Using USD Coin To Bet On Sports
Pros For Using USD Coin
- USDC is a stablecoin that is attempting to always be worth $1
- USDC is still eligible for crypto sportsbook bonus codes
- USDC has speedy transfer times
- USDC allows for quick withdrawals
Cons For Using USD Coin
- No ability to stake and increase profits
- Not accepted at all sportsbooks
Best Alternatives To USD Coin
USD Coin may not be the best option for all players, which is fine because online sportsbooks offer many different deposit methods. A cryptocurrency of some form is still likely to be the best alternative to players who visited this page, as they are already on this page and likely understand that betting on sports with crypto is nearly always the best option. Sticking with cryptocurrencies, the best alternatives are likely to be the most commonly used and accepted cryptos. If the goal is to get away from cryptocurrency deposits, other popular options will be listed in a separate category down below.
Best Cryptocurrency Alternatives To USD Coin
Best Non-Cryptocurrency Alternatives To USD Coin
Are Online Sportsbooks That Accept USDC Legal?
The USD Coin sportsbooks that are offered in the US are very much legal and are regulated and licensed in their countries of origin. Players across the US can use these sportsbooks with ease, as the US tends to regulate books on the provider side rather than the consumer side. In other words, they make it hard to open a casino, not hard to bet at one. This means you can easily use these sportsbooks taking USDC from inside the US, and that they’re available legally in more states than any state-regulated book.