BetOnline Becomes First Casino and Sportsbook Company to Accept BAYC ApeCoin for Transactions

BetOnline.ag, one of the world’s largest online sports betting, poker and casino platforms, has become the first gaming operator to add ApeCoin to its approved cryptocurrency processing list.

ApeCoin ($APE) began trading on crypto exchanges Thursday, March 17, after months of hype and speculation behind the ERC-20 token created by Yuga Labs, which is the parent company of the popular NFT project, Bored Ape Yacht Club.

BetOnline, which publicly announced its entry into the NFT market in February after purchasing Bored Ape #320 for $375,000 during Super Bowl week, was an early adopter of cryptocurrency. The website first began accepting Bitcoin for transactions in 2010.

“We got in early on Bitcoin because we are confident blockchain is the future of global currency. And now, it’s incredibly exciting to start adding NFTs to our asset vault and be the first in our industry to accept ApeCoin. We’re bullish on the world of Web3, and we’re eager to build and strengthen our partnerships and promotions in this space,” BetOnline CEO Eddie Robbins III said.

Outside of Bitcoin, BetOnline.ag accepts more than a dozen altcoins for deposits and withdrawals on its platform, including Ethereum, Dogecoin, Avalanche, Cardano, Polygon, Solana, and USDC.

BetOnline is widely respected by crypto communities for processing perks such as zero transaction fees, high-level security, and instantaneous deposits and withdrawals. Clients have access to crypto deposit limits up to $500,000, which is the highest in the gaming industry.

“We’ve established ourselves as the go-to sportsbook, poker and casino platform for crypto players who want the best gaming experience that is guaranteed by anonymity and transparency. The security of our customers has been, and will always be, the top priority at BetOnline,” Robbins said.