USD Coin Online Sportsbooks
USD Coin, a stablecoin trading under the name USDC, provides some unique benefits for sports betting players in the US. As a stablecoin, USDC is built to be worth $1, and only $1, and that means that it’s easy to calculate how much money you’re putting into the sportsbook. This also means that you can worry less about downside risk with USDC than with other cryptos, which are far more volatile. In addition, you still get access to crypto bonuses at many online USDC sportsbooks.
Stablecoin With Crypto Upside
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 For Crypto Lovers
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 To Betting On Sports With USD Coin
- 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.
Binance Coin Deposit Info
|Sportsbook||Fees?||Time||Min Deposit||Max Deposit|
USD Coin Sports Betting 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
|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
|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?
The answer to this question will vary depending on the sportsbook you use. Most sportsbooks limit you to deposits and withdrawals in the specific crypto you chose to deposit with, and all sportsbooks will not let you withdraw in any crypto unless you deposited in crypto in the first place. This is because the sportsbooks do not want to be used as crpyotcurrency exchanges, or for money laundering purposes.
Popular Cryptos For Online Sports Betting
- Bitcoin Cash
- USD Coin
Best Exchanges To Transfer USD Coin Into A Sportsbook Account
Binance Coin is the currency of the Binance exchange, which means that Binance is obviously the first place that people would go when looking to purchase Binance Coin. Binance Coin is also available on several other exchanges, so using this sportsbook funding method is becoming more popular.
USD Coin Exchanges
- Huobi Global
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.
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
Are Online Sportsbooks That Accept USDC Legal?
The online sportsbooks that accept USDC are very much legal, and are regulated in their countries of origin. Players across the US can use these sportsbooks with ease, as the US tends to regulate betting 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 from inside the US, and that they’re available legally in more states than any state-regulated book.