(Bitcoin, Bitcoin Cash, etc.) What’s the benefit of using cryptocurrencies with Bovada? (Bitcoin, Bitcoin Cash, etc.) Can I lose all my money if a cryptocurrency fluctuates? (Bitcoin, Bitcoin Cash, etc.) Are cryptocurrencies secure? (Bitcoin, Bitcoin Cash, etc.) What are the advantages to using Bitcoin SV on Bovada?. You don’t have to be afraid of depositing in a wrong one as the address is unique for each wallet. After you fund your wallet, you can then proceed to use it in order to deposit Bitcoin to your Bovada account. You can do that in three different ways. You can copy their Bitcoin address and send money directly to them. For eligible players, you can use these steps with Bitcoin SV for even faster and more secure crypto deposits! STEP 1: Setup/open your Bitcoin Digital Wallet. A wallet is where you will hold your BTC or BCH to easily deposit, directly to Bovada. Bovada - One of the top betting sites worth trying in USA. This video explains how to deposit money to Bovada from Bank account with Bitcoin.

• How To Deposit Bitcoin From Coinbase To Bovada
• How To Deposit Bitcoin To Bovada Through Coinbase

Contents

Bitcoin has been gaining a lot of popularity as a form of payment across the Internet, and to the joy of many Bovada customers, Bitcoin is now a supported payment method at Bovada.

Brief Introduction to Bitcoin

Bitcoin is a digital currency that only exists in electronic form. It is based on a “peer-to-peer” system where people transfer Bitcoins directly between each other without going through any kind of intermediary. Because of this, there is no central bank or institution in charge – which also means there are no costs or transaction fees associated with the currency! This is good for us as you will see shortly.

Where to bitcoins come from? This gets complicated and I’m not sure I even fully understand it, but bitcoins are electronically “mined” by super computers doing work – processing algorithms to support the bitcoin system. But what’s more important to us is that bitcoins can be purchased and sold, and traded for goods and services easily, securely and privately.

Bitcoin is accepted by more than 100,000 merchants, including major online retailers like Overstock.com and financial services like Paypal. And Bovada now accepts Bitcoin as a payment method!

No Transaction Fees

When you use Bitcoin as your deposit method at Bovada, there are NO transaction fees! The biggest complaint about Bovada is the processing fees. Now, you don’t have to pay any.

Compare Bitcoin to other popular deposit methods at Bovada:

Getting Started with a Bitcoin Wallet

Before you can make a deposit into Bovada with bitcoins, you must first have a bitcoin wallet. There are many different bitcoin wallets available for either your desktop computer or mobile device. Typically, you install the bitcoin wallet on your computer or mobile device and then the currency is stored on your device. However, if your computer’s hard drive fails or you lose your phone, you lose your bitcoin wallet and all the money/bitcoins in the wallet… unless you have backups!

So the bitcoins are stored in your bitcoin wallet, and your bitcoin wallet is a piece of software locally installed on your computer or mobile device, so if you use this type of wallet, it is imperative to have good backups.

There is another type of bitcoin wallet that you can use, which is an online wallet such as Coinbase. Coinbase is different than the typical bitcoin wallet because it is an online service where you can open an account and buy and sell bitcoin, and transfer bitcoin to another bitcoin wallet. And the most useful aspect of Coinbase is that you can easily and immediately buy and sell your bitcoins for cash, and easily transfer funds to and from your associated bank account!

The problem with Coinbase is that it DOES NOT ALLOW ANY GAMBLING. So you can buy bitcoin at Coinbase, but you will need to transfer it to another bitcoin wallet, such as Blockchain.info.

Coinbase basically simplifies the complicated processes of buying and selling bitcoin, but when it comes to depositing to Bovada, you should do it from a bitcoin wallet other than Coinbase.

Deposit into Bovada with Bitcoin

Once you have a funded bitcoin wallet, you can select Bitcoin as a payment method when making your deposit at Bovada.

From within the cashier, select the Bitcoin option and enter the amount you would like to deposit. The minimum amount you may deposit is $20 and the maximum is $5,000.

Then on the following screen, you will find Bovada’s Bitcoin Address. This is the bitcoin address you must transfer funds to. Copy this address.

Now, go to your bitcoin wallet and go to the Send/Request screen. Here you will paste the Bovada Bitcoin Address and then enter the same amount you would like to transfer and Send Funds.

Then return back to Bovada and click the I’VE COMPLETED MY DEPOSIT button. After a minute or two, your Bovada account will now be funded!

Withdrawing with Bitcoin

Much like depositing with Bitcoin, you must supply your wallet address to Bovada so they know where to send your funds.

Copy and paste your bitcoin wallet address when processing your withdrawal from Bovada. Your first withdrawal of the month is free of any processing fees. However, as with the other withdrawal methods at Bovada, subsequent withdrawals are subject to a small processing fee.

Welcome Bonuses with Bitcoin

Depositing funds into your Bovada account with Bitcoin STILL qualifies you for all of Bovada’s welcome bonuses. You can receive up to $4,250 in welcome bonuses! Receive a 100% casino bonus of up to $3,000 (read our review of the Bovada Casino bonus here), plus another 100% poker bonus for up to $1,000, plus a 50% sports bonus for another $250 (read our review of the Bovada Sports bonus here).

If you do not yet have an account at Bovada, click here to open your account.

Reviews

Here you will find all the information you need on how to deposit Bitcoin on Bovada and how to withdraw it. Enjoy some of the most lucrative bonuses on from the casino that accepts American players and lets them gamble with Bitcoin!

A warm welcome to all of our American readers.

Today’s article is for you as we are going to take a look at an online casino known for its great features and amazing bonuses. The name of this casino and Sportsbook is none other than Bovada.

So, is this casino “America’s No.1 online casino and Sportsbook” as their fame suggests?

How to deposit Bitcoin on Bovada and how can you enter their incredible poker room? These are all questions that are going to be answered in this article so be sure to stick around until the end.

What Does Bovada Have To Offer?

Well, the selection of games is excellent and all of the titles on their website is provided by three industry-leading software providers called Betsoft, Rival, Real Time Gaming!

What can you find on their site?

First of all, you will find the Sportsbook which is also their biggest attraction as most of their users spend their time there. A wide variety of sports is covered and there are countless betting options and special betting opportunities.

The same goes for their Racebook (Horse Racing) as well. Then you have the casino section where you will find a plethora of slots, table games, Blackjack, speciality games, and Video Poker titles.

Last is the Poker room but before we talk about it let’s take a look at the banking options available on Bovada and the bonuses they provide.

How to Create a New Account with Bovada & Deposit Options

Bovada Banking

This section is divided into two parts, depositing and withdrawing. You came here to learn how to deposit Bitcoin on Bovada so this will be the first thing we tackle.

1. Deposit

Just like Bovada advertises “Bitcoin is the cheapest deposit option at Bovada, making it the premier way to get your money in” but how can you actually do that?

First, you would have to purchase some of the cryptocurrency but before you did that you should get a cryptocurrency wallet.

Personally, we would recommend that you use one of the free cryptocurrency wallets provided when you purchase Bitcoin from one of the major exchanges such as Coinbase, CEX.io, or Binance.

Of course, all of those serve United States citizens as well. Bovada themselves recommendBreadWallet.

So after you get some Bitcoin you can select to store them in your private cryptocurrency wallet by using your unique address (This will look something like this: XX98BTCEKSDAXCA35B), such as Ledger Nano S or TREZOR.

You don’t have to be afraid of depositing in a wrong one as the address is unique for each wallet.

After you fund your wallet, you can then proceed to use it in order to deposit Bitcoin to your Bovada account.

You can do that in three different ways.

1. You can copy their Bitcoin address and send money directly to them.
2. You can launch your cryptocurrency wallet through a simple method they provide where with a click of a button the wallet interface will start up and you can deposit money that way. These two ways sound similar but they actually are completely different.
3. Scan the QR code they will provide you with your smartphone or tablet and just input the amount you want to deposit.

However, when depositing for the first time you should remember to use the promotional code if you want to claim a bonus that is.

That changes though when using a credit card. In that case, only the first deposit is free of charge and any subsequent ones come alongside a 5.9% fee.

Keep in mind that you may encounter some extra small charges when depositing with either option.

Bitcoin ones are usually only a few cents and you won’t probably have to pay even that unless you want your transaction to be completed faster.

For credit cards, it is common for currency conversion processes to add a 3% additional fee.

When depositing with Bitcoin the minimum amount is 10$ and the maximum is 5,000$.

When depositing with a credit card the minimum amount is 20$ and the maximum is 1,500$.

2. Withdrawal

Just like before, you can withdraw your money either by using Bitcoin or Check by Courier.

When it comes to the fees though, Bovada isn’t that great as they will only cover one deposit made every 3 months. Each additional one in this time window will have to go through a 100$ processing fee.

When using Bitcoin you can withdraw once every 3 days. The minimum withdraw amount is 10$ and the maximum is 9,500$.

If you like playing with real currencies then you can make only one withdrawal per 7 days. The minimum withdraw amount is 100$ and the maximum is 3,000$.

However, this doesn’t apply to Bitcoin transactions as all of them, no matter whether it is a deposit or a withdraw, are totally free!

Now you can understand why Bitcoin get so much promotion on the site of Bovada!

Bovada Bonuses

As this article is about how to deposit Bitcoin on Bovada we are only going to mention the Bitcoin bonuses.

You should know that the Poker bonuses may not be applicable when using Bitcoin.

We also have an article about Online Poker Bitcoin Bonuses in case you are looking specifically for this information.

However, you can either deposit Bitcoin in the casino or the Sportsbook.

If you deposit in the casino you will get a 150% match bonus up to 1,500$ which is redeemable up to 3 times. In order to get it, you must use the promotional code “BVCBITCOIN150”.

The rollover requirements are 5 times for the Sportsbook/Racebook and 30 times for the Casino and it applies both to the initial deposit and the bonus amount.

If you deposit in the Sportsbook you will get a 50% match bonus up to 500$ which can be applied only once. Use the promotional code “BVSBITCOIN50”

This option comes with a playthrough of 25 times which can only be used in the casino and it applies to both the deposit and the bonus amount.

The Poker rewards are based on the amount of Poker Points you earn while playing. Every time you reach a specific amount a cash bonus will be given to you and there isn’t a rollover requirement applied to those.

Bovada Poker Room

Just like we previously promised you, here is the part where we will talk about the Poker room.

You can download the lightweight client on your computer but you can also access Bovada’s games through your smartphone or tablet’s web browser without needing a dedicated app to do so.

The Poker tables are very well optimised and the way they are laid out makes playing on them an enjoyable and hassle-free experience.

However, don’t you think that this Poker room is for everyone as the bets aren’t as low as you would think.

In fact, the minimum bet you can place is 1$ and it’s pretty needless to say that this is just the starting bet and it can go up very fast and easily.

How To Deposit Bitcoin From Coinbase To Bovada

So if you don’t have at least 50-100$ deposited don’t you even think to join the tables.

However, regular Poker tables aren’t the only thing you will find in that section.

There are countless Jackpot Sit n Go tournaments being held on a regular basis.

How To Deposit Bitcoin To Bovada Through Coinbase

There are various “Nightly Majors”, as the site calls them, tournaments held every day of the week with buy-ins as low as 11$ and prize pools that can reach the 25,000$ mark!

In fact, there is a guaranteed 1.5$ million total prize pool for all the Poker tournaments held every week on Bovada’s platform.

Some tournaments like the one that is hosted every Sunday afternoon at 4 PM (ET) has a 100,000$ prize pool!

New types of tables are added every now and then.

One of the latest features to get implemented on the Poker room is the “Quick Seat” which enables you to quickly change between playing on one to another table so fast that the transfer is usually seamless.

Conclusion

Now that you know how to deposit Bitcoin on Bovada and how the bonus system works you should be good to go and start gambling on their site.

Be sure to use the cryptocurrency we talked about and to check out their Poker room as it simply is amazing.

Read more about other cryptocurrencies you could use to play poker onlineand visit our Bovada Review for more detailed information!

Now go on and claim those beautiful Bitcoin bonuses so you can get cracking. Good luck!