Contents

• How To Deposit Bitcoin To Bovada

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.

Wallet + Exchange. One of the best things about using Coinbase is that it works as both a wallet and trading platform. If your looking for the best Bitcoin wallet for Bovada that means you can hold your coins on here safely, and trade at market prices at any given time of the day. The deposit module offers credit card and bitcoin deposit options, with a “bitcoin accepting here” logo granted pride of place. A click on the bitcoin logo opens a screen requesting deposit amount input – represented in dollars, as well as a “bonus claim” box offering a number of different bonuses or a bonus code option. This is an okay number of methods to make deposits and withdrawals, provided that it’s a US on line casino and the quantity will necessarily be limited consequently. Ideally, I want to see a couple of more altcoins accepted, though Bovada does let you withdraw by Bitcoin Cash. Enter the deposit quantity, and click to proceed.

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:

While logged in, go to the Deposit page on the Bovada website. Select bitcoin from the deposit method dropdown. Enter the deposit amount, and click to continue. Bovada will show you the exchange rate and provide you with an appropriate Bovada Bitcoin address. Copy the Bovada bitcoin address. If you’re using a PC or similar device, click the.

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

A simple guide to learn How To Deposit at Bovada. Depositing at U.S. friendly online casinos like Bovada isn't as easy as it used to be. Many common deposit options like credit cards became unavailable. Those in the know have never really had a problem depositing. These days Bitcoin and other crypto's make deposits and withdrawals so easy.

How To Deposit at Bovada With Crypto

At one time you could use whatever deposit method you wanted. The easiest way to do it back then was either by using your credit card or an internet wallet. Things started to tighten up though as more and more credit cards stopped allowing this. More and more internet wallets did as well. Now we just use crypto like Bitcoin.

The UIGEA in particular spooked a lot of payment processors. While there's always been a lot of doubt as to whether processing a financial services company under the UIGEA would ever hold up in court, since it had to be shown that the gambling in question was actually illegal, the mere threat of this had most processors heading for the hills out of caution.

It's generally just not worth it for companies to process these payments when legal risk to them is involved. If there's a demand for something, there's usually options out there. This remained the case for U.S. online casino depositing options. Bitcoin and Prepaid cards stepped up to fill the void.

The casinos that allow U.S. players will often work to accommodate depositors. Actually they don't really care about what the U.S. authorities want. The fact that they continue to offer casino gambling to U.S. residents is already in defiance. Furthermore since they do, working harder to allow people to deposit with them isn't going to be seen as something to avoid.

So some sites would allow you to send peer to peer payments such as Western Union, person to person, you to a person working for the casino, and no one could stop this. This had the benefit of working both ways, you could both deposit and withdraw this way.

Ultimate Deposit Method

The ultimate method though is by using Bitcoin to Gamble, as Bitcoin is off the grid completely. You could also move money both in and out with Bitcoin. Bitcoin is by its very nature completely anonymous and non-trackable. Bitcoin is absolutely perfect for online gaming transactions that you want outside the view of meddling authorities. So a new day has dawned on U.S. online gambling, and the players have emerged victorious.

How To Deposit Bitcoin To Bovada