Fastest Payouts From Stellar Sportsbooks

Online sportsbooks offer fast payouts through the use of Stellar lumens (XLM). The popular cryptocurrency is based on the Stellar open-sourced blockchain network, where all users are required to own at least some of the native cryptocurrency in order to trade any other form of cryptocurrency. Because of that mandate, and the transaction speeds that mandate all transactions on the Stellar network are completed and verified every five seconds, make Stellar lumens an extremely popular choice at online sportsbooks.

How Fast Do Sportsbooks Payout Stellar Lumen Payouts?

The speed of payouts made with Stellar lumens comes down to the processing speeds of the individual sportsbooks more so than the speed of the Stellar network itself. All transactions get verified on the Stellar network via the Stellar Consensus Protocol in five seconds or less, meaning the network that lumens are sold is never the hold up in payouts. Therefore, all withdrawal speeds greater than five seconds are dependent on the sportsbook that is being used and the processing time of its website. Some of the top online sportsbooks in the world may not provide Stellar lumen payments outright, but since players can easily withdraw from those sportsbooks using a different cryptocurrency and sell that for lumens it is also important to learn about their fastest payout methods as well. The sportsbooks with the fastest payout methods via Stellar lumens and other cryptocurrencies are:

  • Bovada (Ethereum): 15-minute payouts, $50 minimum, no maximum
  • BetOnline (Stellar lumens): 48-hour payouts, $20 minimum, $100,000 maximum
  • MyBookie (Bitcoin): 72-hour payouts, $25 minimum, $50,000 maximum
  • SportsBetting (Stellar lumens): 48-hour payouts, $20 minimum, $100,000

Best Sportsbooks For XLM Withdrawals

#1

50% up to $250

Sportsbooks With The Fastest Payouts

Bovada does not offer outright Stellar lumen withdrawals, but it still rates out as the best sportsbook for XLM users looking to get a fast withdrawal because of the 15-minute withdrawal speeds for Ethereum and Tether. Considering it takes less than a minute to exchange either of those cryptocurrencies to Stellar lumens, Bovada offers the fastest payouts out of any other sportsbook. Using cryptocurrencies to withdraw on Bovada also means players have no maximum withdrawal amount, making it the best sportsbook for players looking for fast and large payouts. All payouts of $9,500 or more will be paid out at a weekly rate of $9,500 until Bovada has paid out the winner completely.

#2

50% up to $1,000

Fastest XLM-Specific Payouts

For players looking to skip the Stellar lumens’ exchange step that is necessary at other top online sportsbooks, BetOnline is the best choice. BetOnline offers the fastest sportsbook payouts for XRM bettors, with the sportsbook paying out the popular cryptocurrency in 48 hours or less. In fact, BetOnline offers Stellar lumens payouts that are much quicker than 48 hours after the first withdrawal, as players will have already completed all account confirmation steps. BetOnline payouts for XRM can be completed in 15 minutes or less for players that have withdrawn before.

#3

50% up to $1,000

Large Sportsbook Bonus For All Cryptocurrency Deposits

A great option for sports bettors to consider when searching for the best Stellar lumen sportsbooks is MyBookie because of their 100% sign-up bonus for all new users. That 100% match is in effect for the first $1,000 of a player’s deposit and only comes with a 10X rollover. The 10X rollover at MyBookie is key as it means that withdrawals can happen quickly, as players need to bet through their bankroll 10X to request a payout. MyBookie also offers a 10% first deposit cash bonus that has a 1X rollover, with a maximum value of $200.

How To Withdraw From Online Sportsbooks Using Stellar

Requesting a payout and completing a withdrawal from an online sportsbook using Stellar lumens can be completed quickly regardless of whether or not a sportsbook pays out withdrawals directly in XLM.  The step-by-step guide for requesting payouts from sportsbooks that payout Stellar directly is:

  1. Copy the receiving address from the cryptocurrency exchange that you use.
  2. Go to the sportsbook that will be paying out and select “Stellar” under the withdrawal option and enter the desired amount.
  3. Paste the receiving address from the cryptocurrency where the sportsbook asks for a sender address or a recipient ID and send the funds.

Withdrawing From A Sportsbook That Does Not Use Stellar

Players that want to use top sportsbooks such as Bovada and MyBookie that do not payout in Stellar lumens are not out of luck, as the process to turn any cryptocurrency withdrawal from those sportsbooks can be completed in four steps. Bovada (BTC, BCH, LITC, ETH, USDT, and BSV) and MyBookie (BTC) both offer cryptocurrencies that can be exchanged for Stellar lumens. That process consists of these steps:

  1. Copy the receiving address from the cryptocurrency exchange that you use.
  2. Within the sportsbook that will be paying out, select a cryptocurrency that is available for withdrawal.
  3. Send the funds to your cryptocurrency exchange by pasting the receiver address into the sender address or recipient ID section and send the funds.

In the cryptocurrency exchange once the cryptocurrency of choice has arrived, players can exchange it for Stellar lumens or any other form of currency around the world.

Fast Deposits Using Stellar Lumens

Nearly as important as withdrawing, learning about fast deposits at sports betting sites using Stellar lumens is a necessary step all sports bettors must understand. Some sportsbooks will require players to purchase a different cryptocurrency than Stellar in order to deposit, but that is easy as players can simply purchase the other crypto using their Stellar lumens. Because of that easy workaround, each of the top cryptocurrency sportsbooks and their fastest depositing speed can be found below:

  • Bovada – Completed Ethereum deposits within 1 hour, $10 minimum, $5,000 maximum
  • BetOnline – Deposit Bitcoin in 15 minutes, $20 minimum, $500,000 maximum
  • MyBookie – Deposit Bitcoin, Litecoin, or Ethereum instantly, $20 minimum, no maximum