Last updated on: May 22nd, 2023
Legal Cardano Sportsbooks
Using legal Cardano sportsbooks is becoming more common as Cardano, a cryptocurrency developed by the co-founder of Ethereum, becomes more popular. Not all online sportsbooks will accept ADA, but several do, and these legal sports betting sites are among the most widely used in the United States. This makes it very easy for players in the US to wager with ADA, and if adoption increases, it will only get easier.
|Rank||Sportsbook||Bonus Offer||Play Now|
|1||75% Up To $750 Read Review||Visit Bovada!|
|2||50% New Member Bonus!Read Review||Visit BetOnline!|
|3||50% Up To $1,000 Read Review||Visit MyBookie!|
|4||100% Up To $300Read Review||Visit Xbet!|
|5||50% Up To $1,000 Read Review||Visit SportsBetting!|
Legal Sports Betting Sites That Take ADA
When it comes to using ADA to bet on sports, there are two main methods. The first is to simply find a legal sportsbook online that accepts ADA straight up, such as BetOnline or SportsBetting. The second is to convert your ADA into another cryptocurrency and use it at a sportsbook like Bovada via a cryptocurrency exchange.
Bovada does not accept ADA outright, but does accept other cryptocurrencies, so ADA holders can simply transfer their ADA into something like BTC or ETH and use that as their method of loading up their account. This allows Cardano bettors to access Bovada, which is one of the top-tier sportsbooks on the market, but it does require converting your ADA into a different cryptocurrency.
- $5,000 Max Deposit
- Easy To Use
- Instant Deposits
- No Fees
- Bigger Bonuses
BetOnline became the first online sportsbook to accept ADA, and it has been doing so ever since. One of the most crypto-focused online sportsbooks and casinos around, BetOnline accepts more than a dozen cryptocurrencies, including ADA. This allows you to simply use ADA to sign up and deposit at BetOnline, and you can even access their cryptocurrency bonuses – which apply both to first deposits and to account reloads – when doing so.
- User-friendly layout
- Current NFL events props
- Wide futures selection
- Game breakdowns on bets
- Advanced live betting
SportsBetting is joined at the hip with BetOnline when it comes to cryptocurrency adoption, and as such they are another sportsbook that easily accepts ADA with no issues. SportsBetting has shown no desire to roll back any of the crypto acceptance that it does, although they do have a policy of making sure that if you want to withdraw in crypto, you have to deposit in crypto. This means that when you deposit with ADA, you also have to withdraw in ADA – you can’t use the sportsbook as a crypto exchange.
- Efficient Site Layout
- Full Mobile Betting Suite
- Available Customer Service
- Trustworthy Banking Options
- Fast Payout Times
Is It Legal To Use A Sportsbook That Accepts Cardano?
Yes. Sportsbooks that accept Cardano and accept players from the US are overwhelmingly located outside of the US. This is because the only state that approved local sportsbooks to accept crypto is Wyoming. In other states, there are no cryptocurrency sports betting laws. This means the sportsbooks that use ADA as one of their sportsbook deposit methods are outside of US, but still usable and legal.
ADA Sports Betting Deposit, Withdrawal Limits
Like any other sportsbook deposit methods, legal ADA sportsbooks have deposit and withdrawal limits. These will change depending on the sportsbook, but they are generally far more than the deposit and withdrawal limits that are available on non-cryptocurrency options. The largest benefit for fast sportsbook payouts when using Cardano is they come with no fees.
Cardano Sports Betting Deposit Info
|BetOnline||$20||$100,000||No Fees||2 Hours|
|SportsBetting||$20||$100,000||No Fees||2 Hours|
Cardano Sports Betting Withdrawal Info
|BetOnline||$20||$100,000.00||No Fees||Up To 48 Hours|
|SportsBetting||$20||$100,000.00||No Fees||Up To 48 Hours|
Do Sportsbooks Offer Cardano Bonuses?
Sportsbooks across the world offer bonuses for the use of Cardano, although they mostly fall under generalized cryptocurrency bonuses and not specific bonuses for ADA. Below is a chart of several sportsbook bonuses that you can use when looking for a Cardano sports betting promo. Keep the rollover requirements on them in mind before you apply them to your account – you have to play through the value of the bonus that many times in order to actually realize it.
ADA Sportsbook Bonuses
|Sportsbook||Bonus Name||Bonus Code||Percent Of Bonus|
|BetOnline||Crypto Reload Bonus||CRYPTO35||35%|
|BetOnline||1st Time Crypto Bonus||CRYPTO100||100%|
|BetOnline||1st Time Crypto Bonus||CRYPTO100||100%|
|BetOnline||Crypto Boost||Opt-In toggle at deposit screen||5%|
|SportsBetting||Crypto Reload Bonus||35CRYPTO||35%|
|SportsBetting||Crypto Boost||Opt-In toggle at deposit screen||5%|
|SportsBetting||1st Time Crypto Bonus||100CRYPTO||100%|
How To Bet On Sports With Cardano
Open a cryptocurrency wallet using one of many apps. Make sure the wallet you select accepts ADA. Keep your password/keyphrase safe. Purchase ADA on a cryptocurrency exchange, and enter your wallet address as where it should be sent. Now that you have ADA in your wallet, you visit the sportsbook of your choice that accepts ADA, and begin the deposit process. Make sure to apply all the sportsbook bonuses you want. Finish the deposit process by entering the amount you would wish to deposit, and your wallet address that has your Cardano in it.
Benefits Of Betting On Sports With ADA
- Easy access to deposits and withdrawals
- Bigger bonuses than non-crypto methods
- Both deposits and withdrawals are faster
- Accepted at many, but not all, sportsbooks
Drawbacks Of Using Cardano To Bet On Sports
- Price can be volatile, which requires quick conversions
- Not accepted at all online sportsbooks
- Not accepted at any US state-based sportsbooks
Other Cryptos That Legal Online Sportsbooks Take
Cardano is not the only cryptocurrency that is accepted at US sportsbooks. Many US sportsbooks accept plenty of other cryptocurrencies as well.
Other Cryptos You Can Use At Online Sportsbooks
Best ADA Wallets And Exchanges
Cardano recommends two wallets specifically – Shelley Daedalus and Yoroi. These wallets are not only able to use Cardano easily, they also fully support staking Cardano, an advanced cryptocurrency user method that can result in rewards and decent yields. Shelley Daedalus is a full-node wallet, while Yoroi is a browser-based wallet.
Is Betting With Cardano Safe?
It is safe to bet with Cardano at sites with legal sports betting that we have detailed here. There are risks to using crypto in terms of the value of the crypto plummeting, but these risks are usually able to be mitigated by not withdrawing during times of huge fluctuation, and by quickly transferring your Cardano back into US dollars once it is withdrawn if you are worried about potential downside risk. Of course, there’s upside here too – Cardano could increase in value rather than decrease.
Staking Cardano is effectively a method of investment via the Cardano blockchain, and it’s backed by Cardano itself. The upside of doing so is that it can increase the value of your Cardano holdings, while the downside is that all rewards are purely in the form of ADA, so their value is inherently tied to the price of ADA. There are two main ADA wallets that support their stake pool protocol, Shelley Daedalus and Yoroi. This is an advanced cryptocurrency user maneuver, so please make sure to research it carefully.