Onyx Odds Withdrawals: How Long Does Onyx Odds Take For Redemptions?

Are Onyx Odds Withdrawals Possible?

Onyx Odds only supports redemption because the platform is a social sportsbook running under the sweepstakes laws. This means that there are no real money games and transactions that you would usually find at regular sportsbooks.

Instead of real money, the sportsbook allows you to make your sports predictions using virtual currencies called Onyx Coins and Onyx Cash, and each one serves a slightly different purpose. Onyx Coins are used to place sports selections for fun, but they can’t be redeemed.

Onyx Cash, however, is the promotional sweepstakes virtual currency and can also be used to place sports picks. It even lets you redeem winnings from your predictions for actual rewards like cash prizes. However, you must meet the requirements before beginning the redemption process.

Onyx Odds Redemption Process

Players often ask about Onyx Odds winnings. But you’ve seen that real money gaming doesn’t exist on a sweepstakes sportsbook. What you can do instead is redeem your Onyx Cash winnings for real-world prizes. Here’s exactly what the process looks like:

Verify Your Onyx Odds Account

Before your first Onyx Odds redemption, you’ll need to complete the required identity verification process. This involves uploading a valid government-issued ID and proof of address. Verifications are normally wrapped up within 24 hours, and I suggest you get it done early on to prevent delays when you’re ready for prize redemptions.

Meet the Onyx Odds Playthrough Requirement

To be eligible for redemption, you must have at least 1x playthrough on your Onyx Cash. This means using it once to place sports selections before you can redeem your Onyx Cash winnings.

Reach the Minimum Onyx Cash Threshold

Onyx Odds requires at least 20 Onyx Cash in your virtual currency balance to activate the redemption option. You’ll be unable to submit a request if this threshold is not met.

Submit Your Redemption Request

If you’ve met the above criteria, you can click on your Onyx Odds profile and the redeem option in your account. Enter the amount of Onyx Cash you’d like to redeem, confirm your entry, and submit your request. The only rewards right now are cash prizes, as gift card redemptions aren’t offered.

Onyx Odds Redemption Time

So, how long does it take to receive rewards at Onyx Odds? Onyx Cash redemptions follow a structured process. Also, withdrawal time from Onyx Odds depends on your banking method. After submitting an Onyx Cash redemption request, it’s typically reviewed and approved soon after. The exact time this takes varies. Not having a verified account can add a little extra time while your verification documents are checked.

Knowing how long it takes for Onyx Odds to pay out is why I suggest verifying your account right after signing up - you don’t want an additional wait. Cash prizes are sent via PayPal, which usually takes 3-7 days, or ACH transfer, which takes 3–10 business days, depending on your bank. Most players have mentioned receiving their rewards within 5–7 business days from the time of request when using bank transfer, and sometimes less than 3 days for PayPal.

How to Withdraw on Onyx Odds

Here’s how to withdraw from Onyx Odds in a few simple steps.

1. You must have 20 Onyx Cash available for your Onyx Odds cash out.
2. If you meet the threshold, navigate to your account page.
3. Click the “redeem" option.
4. Select how much you’d like to receive in your Onyx Odds cash out. You may wish to keep some Onyx Cash around for building up your stockpile again!
5. Confirm your request.
6. Your redemption will be processed in 3-10 days.

Knowing how to withdraw from Onyx Odds when redeeming Sweeps Coins will speed up your redemptions and reduce transaction times. I suggest adding your payment information when you create an account to streamline the process.

Pros and Cons of Onyx Odds

Like any sweepstakes sportsbook, Onyx Odds comes with strengths and a few limitations to keep in mind.

Pros

• No real money play is involved
• Decent bonus structure
• Low Onyx Cash redemption threshold
• Accepts PayPal for redemptions
• Quality social sportsbooks are hard to find

Con

• Gift card redemptions aren’t available.
• Redemptions can take up to 20 days by mail check

How to Collect Onyx Cash for Redemptions?

Onyx Cash winnings are redeemable for real prizes via PayPal, ACH bank transfer, or mail check.

So does Onyx Odds pay real money? The answer is no. You can never purchase Onyx Cash directly, and you can’t store it at the sportsbook - social casinos and sportsbooks don’t allow deposits or withdrawals, or any currency to be stored on the website. However, you can collect prizes by exchanging your Onyx Cash once you’ve saved up enough.

These are the current Onyx Odds bonus offers that can help build up your virtual currency balance. Bonuses and promos are a great way to acquire more Onyx Cash, but you’ll need to wager it at least 1x before you can redeem it. This is because otherwise, you could simply claim a promotion and request a prize; you have to play at the sportsbook to get prizes.

Onyx Cash works on a rate of 1 OC = $1. The minimum redemption at Onyx Odds is just 20 OC, which is one of the lowest limits I’ve seen at any sweepstakes casino or sportsbook. Most social casinos have a minimum limit of 100 Sweeps Coins, with some of the best offering redemptions of 50 SC or more. The Onyx Odds minimum withdrawal is very low by comparison, which means that you only need to collect a relatively small amount of Onyx Cash before you’re eligible to claim a prize.

Onyx Coins to Cash

Onyx Coins aren’t strictly worth anything by themselves. They’re a virtual currency that can only be used for wagering at the sportsbook. Once you get more than 20 OC, though, Onyx Odds will offer prize redemptions, including cash prizes. You’ll need to connect your PayPal account, a bank account, or submit your address for a check by mail if you want these prizes.

The prize rate is $1 for every 1 eligible OC you have. “Eligible” means that you’ve wagered the token at least once and that it didn’t come directly from the first-purchase bonus or another promotion. Once you’ve reached the minimum redemption limit with eligible OC, you can submit a redemption request for a cash prize; so if you had 30 OC, you could request a redemption for a $30 prize. This is different from regular casinos, where you deposit money on the site and make withdrawals based on your winnings; no currency is ever stored on the website, as all games must be completely free-to-play at a social sportsbook.

Onyx Odds Promotions You Can Get

Onyx Odds offers several rotating promotions that give you Onyx Coins and Onyx Cash. Below, I’ll go through the main bonuses along with the most recent rotating promos.

Onyx Odds Welcome Bonus

If you’re new, you’ll be welcomed with a 1,000 Onyx Coins signup bonus. It’s a little disappointing that no Onyx Cash is added to the welcome bonus, but the good news is that there’s a very solid first-purchase bonus to compensate for that.

Onyx Odds First Purchase Bonus

When you make your first purchase of $10, you’ll get 100 Onyx Cash free in bonus picks. This gives you plenty to play with and a great chance to make your first Onyx Odds redemption, as you only need 20 OC to reach the limit. Play through your bonus carefully - I’d make the safest picks possible to maximise the odds of getting a redemption at the end.

Onyx Odds Daily Login

Most sweepstakes platforms reward you for consistently checking in every 24 hours. There isn’t an Onyx Odds login bonus, which doesn’t surprise me; this type of bonus is much less common at sportsbooks than casinos.

Onyx Odds Referral Rewards

There’s a referral system in place that rewards you with free Onyx Cash when a friend signs up through your referral link, completes verification, and makes an optional Onyx Coin bundle purchase. There’s no cap on referrals, so you can invite as many friends to join Onyx Odds as you want.

Onyx Odds Mail-In Request

This is standard at all sweepstakes casinos. You can send a handwritten request to the Onyx Odds address to get more Onyx Cash. Each approved request gives you 5 Onyx Cash. It’s not the fastest process, but 5 Onyx Cash is worth the wait.

Onyx Odds Giveaways and Promos

These vary and aren’t always fixed, but you’ll often find special promos during major sports events like March Madness or playoff seasons. These can include social media giveaways or leaderboard races where players at the top ranks receive varying numbers of Onyx Cash rewards.

Other Factors to Consider when Redeeming Onyx Cash Winnings

There are a few factors to consider when it comes to Onyx Odds redemptions. Here are a few to be aware of.

Onyx Odds Redemption Caps

There are no strict Onyx Odds redemption caps mentioned by Onyx Odds right now. For now, it’s just about being verified, meeting the minimum threshold of 20 Onyx Cash, and ensuring you’ve played them through at least once before Onyx Cash redemptions. However, rules can change, so always read the terms and conditions to know what applies.

Additional KYC Verification

Onyx Cash redemptions with bigger amounts may require additional verification checks. This may mean resubmitting your ID card, proof of address, or confirming that the linked bank details are actually yours. There’s no need to worry if you experience such; it’s just a standard safety procedure to ensure Onyx Cash redemptions are compliant.

Is Onyx Odds Available in Your State?

Perhaps the most important factor is whether you can create an account to start with. Onyx Odds is licensed to operate under sweepstakes laws and is available in 38 US states, so 12 states are currently excluded. If you’re in any of these states, you won’t be able to sign up or redeem prizes.

The currently excluded states are Alabama, California, Colorado, Connecticut, Idaho, Indiana, Louisiana, Maine, Michigan, Montana, Nevada, New Jersey, New York, Tennessee, Washington, and West Virginia. You can check out sites like Onyx Odds that may be available where you live.

Onyx Odds Redemption Methods vs Competitors

Onyx Odds has a reasonable set of redemption methods and solid redemption times. But how does it compare to the competition? Is Onyx Odds legit for redemptions compared to other sweepstakes sites? I tested a few of its top competitors to find out.

Onyx Odds vs Thrillzz Redemption Process

Thrillzz is a popular social sportsbook, and like Onyx Odds, it offers an e-wallet redemption method. You can redeem using Skrill at Thrillzz, whereas Onyx Odds supports redemptions via PayPal. So which is better?

My experience redeeming via PayPal at Onyx Odds took 3 days to process. Meanwhile, using Skrill to redeem only took 2 days, so Thrillzz was slightly faster. Both social sportsbooks also support ACH bank transfer, which takes 3-10 days on average at both platforms, although Thrillzz notes that it may take up to 60 days for larger redemptions to be processed.

Both sites have a playthrough rate of 1x. Onyx Odds has a major advantage in that its minimum redemption amount is only 20 OC, whereas Thrillzz requires you to have 50 Tickets (its version of Sweeps Coins) before you can request a redemption. This is one of Onyx Odds’ best features, and in my opinion, it gives it the advantage here.

Onyx Odds vs Legendz Redemption Process

Legendz social sportsbook offers redemptions via gift cards and ACH bank transfer. Onyx Odds doesn’t provide gift card redemptions, so if you’re a fan of PrizeOut, this is good news. Legendz also offers Skrill. E-wallets are one of the fastest ways to process redemptions, so it matches Onyx Odds here, only it uses Skrill instead of PayPal. Both methods should take up to 3 days to process, but are often much faster.

Legendz loses out because of its redemption limits. Even gift cards have a 50 SC minimum limit, while cash prizes have a minimum limit of 100 SC. These are both much higher than the Onyx Odds minimum redemption of 20 OC, so I have to give it to Onyx Odds here.

Onyx Odds vs Fliff Redemption Process

Fliff social sportsbook has an innovative redemption method that I haven’t often seen at sweepstakes sites - “Push to Debit.” Choosing this method is basically an instant bank transfer that goes to your debit card, and takes 1-2 days including verification. This is one of the fastest redemption methods I’ve seen at social sportsbooks, and is a nice addition besides their standard ACH bank transfer process (3-10 days). However, Fliff doesn’t support e-wallets for redemptions.

Fliff also has a minimum redemption limit of 50 SC for both bank transfer and instant debit card withdrawals. This is better than many competitors, but it doesn’t match Onyx Odds. As I’ve said, the 20 SC minimum redemption is an incredible advantage, especially if you’re playing with relatively small amounts of Onyx Cash. I’d say both sportsbooks have advantages here.

Redeeming Your Onyx Cash Winnings: Verdict

As a sweepstakes sportsbook, Onyx Odds never uses real money gaming. Instead, the platform gives you Onyx Coins to wager for fun, and Onyx Cash can be redeemed when the playthrough requirements of 1x are cleared. Remember that you don’t have to spend a cent unless you want to, but you’ll have access to bonuses that can help build your Onyx Cash balance such as the first purchase offer of spend $10, get $100 in bonus picks.

The Onyx Odds withdrawal time is fairly solid and it has a major advantage in offering PayPal. Redeeming via PayPal usually takes 3-7 days but some users report redemptions taking less than 24 hours. If you want to redeem via check by mail, it will take significantly longer (up to 20 days), so speed depends heavily on how you withdraw from Onyx Odds - I’d recommend using PayPal or ACH bank transfer.

The low redemption rate of 20 Onyx Cash is a major advantage of this social sportsbook, well below the usual limit of 50-100 SC. Combined with fast, reliable redemptions, it makes Onyx Odds a top choice for social sports bettors.

Onyx Odds Withdrawal Time FAQ

Here are all the questions you may have about Onyx Odds redemption and how to withdraw on Onyx Odds - together with the answers.