How much are SOL fees?

Solana Sports Betting Sites

Solana is arguably one of the stars of the 2021 bull run, rising quickly to the top 10 of the crypto market. The blockchain behind the coin is characterised by near-zero fees, rapid transaction times and a growing ecosystem of decentralised applications. With such impressive features, crypto bettors didn’t take long to notice.

Using Solana sports betting sites, punters can access a top-notch sportsbook product, unlimited instant withdrawals and circumvent any restrictions. But this is only the beginning. Stay on this article and find out the best sportsbooks with Solana payments and all the important details about the coin.

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Why You Should Try Betting with Solana

Besides the transactional benefits, players can also reap the fruits of Solana betting. The minuscule transaction costs allow crypto sportsbooks to offer better odds and bigger bonuses than other traditional outlets.

Plus, the anonymous nature of cryptocurrencies allows bettors from restricted countries to access hundreds of markets but without renouncing their safety. Below, we curated a list of the most legit crypto betting sites that accept Solana and their basic traits. Let’s see them.

Bookmaker

Rating

Solana Wallet

Highlights

Jackbit Review

4.1/5

Freebet

20+ Coins

Over 50 Sports

Up To 97%+ Odds

Changelly & Moonpay

100% Bonus Up To€100

Crypto transactions are not bound to any intermediary or institute controlling them. The blockchain takes care of everything. Since you can even send fractions of a coin, the minimum deposit in a lot of crypto sportsbooks starts from just a dollar or less. Ideal for recreational bettors that don’t want to break the bank with $30-$50 deposit minimums.

Contrary to Bitcoin or Ethereum, Solana makes such transactions easy, thanks to its low fees. A single transaction will cost you less than a penny, technically zero. Therefore, you can start playing with any amount you wish.

Staying on the same topic, payments with cryptos are also limitless on the top end. Meaning multifigure payments will no longer be halted or examined by banks. Betting sites with Solana secure lofty, or even unlimited, withdrawals every time. Whether you like to bet big or your parlay succeeded, getting your winnings will be a breeze.

It is a fact that all sportsbooks with crypto offer huge signup bonuses. This is possible due to the easier setup and less accounting required by the operators, compared to popular Fiat gateways that are both expensive to have and maintain. Our selected brands have bonuses that reach up to a whopping 270% for your initial deposit, as well as frequent Free Bets and competitions, so dig in.

The difference between Solana and other coins lies in the Proof of History(PoH) concept. Allowing upwards of 65,000 transactions per second, depositing your funds to a betting site will always be fast, secure and impenetrable. Note that these transactions are irreversible, so always proceed cautiously and double-check all details.

Choosing a Sports Betting Site with Solana - Important Details

A common mistake players make is going for the first betting site that comes their way, or falling for big bonuses, and forgetting about the actual sportsbook. Next, we will lay out the core features you should look for in any Solana sports betting site. These will ensure your experience remains in high standards and you get the most value out of a brand, so pay attention.

Betting Markets & Odds

Whether you are a keen bettor or a casual punter, you need plenty of options and flexibility for your bets. After checking for the availability of your favourite sports and leagues, the next requirement is a sufficient number of markets.

Anything below 200 for the top football leagues and 100 for basketball and tennis is not worth your time. Same goes for the odds. 95%+ should be the minimum payout in a sportsbook, at least for the primary markets. Luckily, our selected brands don’t hold back on any of these, so it all comes down to preference.

Features

No betting session is complete without the proper set of tools. Cash out, full and partial, are two essential features to look for in every sportsbook, as they can prove crucial in different scenarios.

Bet Builder and Edit Bet are also two options that each top Solana sportsbook will have in store. Last but not least, live streaming should be present at all big events as well as minor competitions.

On-Chain Transactions

The backbone of every crypto brand is its banking section. The benefit of on-chain transactions is that you only pay the network fee instead of anything extra from payment processors. In Solana’s case, this is near zero. On top of that, you always know your transaction's status, so you gain some extra piece of mind. Combine them with personalised in-game wallets and you have the ultimate crypto betting experience.

Solana Betting Sites Featuring In-Game Wallets

Bookmaker

Rating

Crypto Wallets

Highlights

Jackbit

4.1/5

Freebet

20+ Coins

Over 50 Sports

Up To 97%+ Odds

Changelly & Moonpay

100% Bonus Up To€100

Solana Betting - Keep These In Mind

Certainly, there are some drawbacks when it comes to betting with Solana. First of all, licensing will most likely be done in offshore islands like Curacao. Although solid, it doesn’t offer the same amount of safety as a UKGC or MGA license.

Furthermore, there are some extra intricacies to keep in mind when doing your due diligence prior to registering, which we will discuss next. Let’s dive in.

Many brands pose as crypto gambling sites, but in reality, they don’t live up to that name. More specifically, such sites will outsource their payments to a third-party gateway or even use pricey buy crypto with card services.

This might not feel like a big deal, but it is when considering the extra fees that have to be paid for each deposit and withdrawal. That’s why we recommend direct crypto transactions. As we said previously, there’s no reason to pay an extra 1%-3% when Solana has virtually non-existent fees.

Another deal breaker that’s often hidden in the terms and conditions is that verification might be required for large withdrawals, over $2,000, despite being able to sign up and play without one. This goes against the heart of crypto gambling, which is anonymity, and you should always keep an eye out for this one. Nonetheless, if you want to safeguard your account entirely, KYC is probably the right choice.

Commonly seen in welcome bonuses are heavy wagering requirements. When choosing a Solana casino or sportsbook, make sure the rollover of each promotion doesn’t exceed fifteen (15x) times for sports. Also, bonuses that require accumulator bets with high minimum odds per are a true buzzkill, despite the tempting amounts promised.

The crypto community has been highly judgemental of Solana’s network outages over the last couple of years. While this is bothersome for investors and enthusiasts, gamblers using the coin had no problem using it for their game. Aside from price fluctuations, such instances don’t affect the actual usage of the coin as they are fixed quickly.

Pro Tips

An average transaction on Solana takes less than 5 seconds

SOL network is cheaper than ERC20 for USDT and USDC transactions

Hybrid sportsbooks will convert your crypto balance to USD or any other local currency

Exchange rates over 1% will hurt your balance and should be avoided

Don’t share your wallet’s seed phrase and password with nobody

0.0/5

Starting out with a Solana Sportsbook

Now that we‘ve seen every aspect of a Solana sportsbook, how to pick one and what to be wary of, we can finally get down to business. Depositing on a crypto betting site consists of three steps.

The first one is getting some SOL for your betting. This is possible via a crypto exchange. Binance, Bybit and Kraken are three legit exchanges that you can use. If you don’t have an account already, start one and use your card to acquire the amount you want to bet with in Solana.

The second and most crucial step is sending the coins to a private wallet like Solflare, Phantom or Metamask. This is important because sending money directly to a crypto casino from an exchange puts your account and funds at risk. Thus, using one of the wallets mentioned above protects you from such a scenario and keeps your identity on the low.

Once you move the coins to your wallet, now you can finally deposit them into your betting site of choice. If you are still unsure of which one to choose, just go with one of our trusted recommendations. They are carefully chosen and reviewed down to the t by our team with all the details you must know.

Are Solana Sports Betting Sites Worth It?

The short answer is yes. Even with the recent turmoil that SOL faced, the technology and the community behind it remain solid and seem to have a bright future ahead. This makes it a great option for any bettor who wants to stay under the radar and wager without any compromise.

Moreover, Solana sports betting sites include 1,000+ daily events and hundreds of markets in top-tier odds. Free Bets and other promotions will keep the action going for hours, so all that’s left is starting out. Pick one of the selected sites below and place your bets within seconds.

Sportsbook

Jackbit

4.1/5

ODDS

94.07%

20+ Coins

Over 50 Sports

Up to 97%+ Odds

Changelly & Moonpay

Asian View

Bet Builder

Cash out Full

100% Bonus Up To €100

FAQs

Although cryptocurrencies are not regulated fully yet, betting sites that accept Solana are. All legal sites will hold an official license from a country, with Curacao being the most used one. UKGC and MGA, are the most trustworthy licenses, so if you see them, you know the site is completely legit.

Withdrawals using Solana normally take up to 5 seconds, or even less, when the upgraded speed is chosen. In some rare cases, betting sites might state that withdrawals must be confirmed manually, slowing down the process. Be sure to check out the terms and conditions for such details.

Absolutely. The best way to approach it would be through multiple wallets and sites that require minimal to no KYC. This would create a shield around your identity, allowing you to bet anonymously with Solana.

At the time of writing, SOL fees are, on average, $0.000127 or 0.0000065 SOL, which is lower than the majority of cryptocurrencies in the market. The faster transaction option has a similar fee, so zero is what a Solana payment will cost at all times.

Solana Sports Betting Sites

Why You Should Try Betting with Solana

Which Are The Perks of a Solana Sportsbook

Low Minimum Deposits

High Withdrawal Limits

Better Bonuses

Increased Safety

Choosing a Sports Betting Site with Solana - Important Details

Betting Markets & Odds

Features

On-Chain Transactions

Solana Betting Sites Featuring In-Game Wallets

Solana Betting - Keep These In Mind

Hidden Fees

KYC Withdrawals

Wagering Requirements

Network Pitfalls

Starting out with a Solana Sportsbook

Are Solana Sports Betting Sites Worth It?