1. Bovada Bitcoin Exclusive Membership
2. Bovada Bitcoin Bonus Code
3. Bovada Bitcoin Withdrawal Time
4. Bovada Bitcoin Code

Contents

• Which Bitcoin Wallet Should I Use?
• How to Make a Bitcoin Deposit
• Bitcoin Transaction Limits
• No Transaction Fees

Bitcoin is often called the currency of the Internet, and this form of money is now gaining widespread acceptance among online casinos. Bovada is the latest casino to add bitcoin as an option for both deposits and withdrawals.

Considering that Bovada is the largest casino and bookmaker online that welcomes players from the United States, this change is a significant move forward for many players.

Once you make a deposit into your Bovada account with Bitcoin, you may use that deposit at all of Bovada’s services, including the Bovada Sportsbook, Racebook, Poker Room, Casino, mobile versions, etc.

Read our complete Bovada review here.

What Bitcoin Is

Bitcoin is essentially electronic money, and it’s an alternative to state-controlled currencies like the U.S. dollar and British pound. In more technical language, bitcoin is a peer-to-peer or P2P digital currency. Bitcoin is entirely created and held electronically. It isn’t controlled by any one institution, and you can transfer your bitcoin to people as well as merchants, such a Bovada.

A common and understandable concern among people new to bitcoin is whether or not it’s secure. Bitcoin has a strong record of privacy and security, and this is evident in some degree due to its acceptance by major financial institutions and retailers. What makes bitcoin secure is that it uses a two-key system. One key is public, but the other is known only to you.

Why Bovada Now Accepts Bitcoin

Bovada Bitcoin Recap Bovada Casino has been in operation since 2011 but the team behind them (Bodog) has been around since 2003 and we have been working with them since then. They are embracing bitcoin and crypto currency. They’re known for being one of the best online casino options for US players. The nice thing about gambling with Bovada is the fact that they accept Bitcoin as a form of payment. Bovada began to provide online betting outlets on gaming entertainment in 2011. People can access Bovada gambling online to place real bets in their “sportsbook”, “racebook”, or play Vegas casino games for monetary gains.

Bitcoin is gaining widespread acceptance throughout the world, so the currency makes sense for any company that caters to online consumers.

Bovada Bitcoin Exclusive Membership

For Bovada specifically, it makes sense because it’s a currency gaining acceptance among online players at an even faster rate than the general populace. It has particular appeal for U.S. gamblers due to the restrictive online gambling laws in the USA.

Most importantly, since Bitcoin is a digital currency with no central institution, there are no fees or obstacles involved with using the currency. For us players, this is huge because those saving are passed down to us! There are no transaction or deposit fees when using Bitcoin. Bovada charges a fee when depositing via credit card, but zero fees when using Bitcoin!

Which Bitcoin Wallet Should I Use?

You’ll need a bitcoin wallet. If you don’t already have one, you’ll need to create an account. There are numerous bitcoin wallets and services you can choose from.

First off, you will have to buy Bitcoin. For that, we like using Coinbase. Coinbase makes buying and selling Bitcoins simple and straightforward.

However, Coinbase does not allow any gambling transactions. So you cannot use Coinbase as your Bitcoin wallet for transactions with Bovada.

For that, we recommend having an account at Blockchain.info.

Coinbase has over 3.7 million customers, supports 32 countries, and has exchanged over $3.2 Billion in Bitcoin. Blockchain has over 11 million wallets with customers in over 120 countries.

How to Make a Bitcoin Deposit

Once you have a bitcoin wallet, add the wallet address to your Bovada account, and then bitcoin will be a deposit option.

In the Bovada cashier, select Bitcoin as the deposit method and then enter the amount.

The next screen will show you the Bovada Bitcoin address to send your money to. This Bitcoin address is unique to Bovada. Copy the Bovada Bitcoin address and then launch your personal Bitcoin wallet.

Paste the Bovada Bitcoin address into your wallet and enter the amount to send to Bovada.

This step can be done via your desktop or your mobile device depending on what Bitcoin app you may have on your mobile. There is a QR code you may scan with your mobile app to process the Bitcoin deposit.

In your Bitcoin wallet, paste the Bovada Bitcoin Address in the Recipient field, enter the amount to send, and send funds.

How to Make a Bitcoin Withdrawal

As above, you need to have a bitcoin wallet associated with your Bovada account. With that requirement met, bitcoin will simply be one of your withdrawal options. When you select it, Bovada will give you the withdrawal amount by sending it your bitcoin wallet.

You will have to provide the Bitcoin wallet address to Bovada so Bovada knows where to send your funds to. Copy your Bitcoin wallet address and paste it when making your withdrawal.

Bitcoin Transaction Limits

Bitcoin transactions may have limits from the wallet provider. Your bitcoin wallet can be either unverified or verified.

Unverified accounts are typically very limited to small transactions, such as $100 per week. Verified accounts, on the other hand, can withdraw as much as $50,000 a day.

With regards to deposits, Bovada has a minimum deposit amount of $20 and maximum deposit amount of $5k.

Bovada does not limit bitcoin withdrawals. As long as you’ve successfully made a bitcoin deposit, you can make a full withdrawal via bitcoin.

No Transaction Fees

Bovada does not charge any fees for bitcoin deposits. Bovada also does not charge fees for bitcoin withdrawals specifically.

However, Bovada does charge a $50 transaction fee for the second and any subsequent withdrawals in a given month. Additionally, if a bitcoin transaction ever has to be resent, Bovada reserves the right to charge a reprocessing fee.

Bitcoin Transaction Processing Times

Relative to comparable financial transactions, bitcoin transactions occur fast, and the Bovada cashier system does a good job of taking advantage of this.

You can make a bitcoin deposit and have that money available to you in your Bovada account within a minute or two. This speed holds true with withdrawals as well, and this is perhaps one of the great allures of using bitcoin at Bovada. If you’re an established customer making a withdrawal during standard business hours, you can get a withdrawal in minutes.

Advantages of Using Bitcoin at Bovada

Perhaps the greatest advantage of using bitcoin for many is the anonymity associated with it. Bitcoin offers privacy with all its transactions. And you typically do not need to provide any personal details when using a bitcoin wallet.

As mentioned, the transactions are very fast. Being able to request and finalize a withdrawal within minutes is basically unheard of.

And of course, another huge advantage is that there are no transaction fees sapping your bankroll. Depositing with Bitcoin is free and your first withdrawal of the month is also free.

User Reviews

Please leave a review and share your experiences!

To deposit into coinbase, try going to pro.coinbase.com, then click the DEPOSIT button, then click on BTC Bitcoin, select Crypto Address, click the I UNDERSTAND button. Coinbase will then give you a BTC Wallet Address which you can send your bitcoins to from Blockchain or some other wallet.

Ok so im brand new to bitcoin. As well as block chain and coinbase. I believe i have figured out how to withdraw from bovada to block chain, at the moment bovada has my withdrawal under review. I am just lost on how to transfer from block chain to coinbase. I havent been able to locate an address on coinbase like i did on block chain. Please, anyones help will be greatly appreciated. Thanks!

Its going on 7 or 8 days since i put in for a bitcoin withdrawal and still not processed. Should i be getting concerned? So much for 24-48 hours

Dude, if you're sending bitcoin cash to a bitcoin address, then that is all your fault. The fact that you had and tried to use bitcoin cash is hilarious.

TEN MONTHS AGO, accidentally sent bitcoin cash to a bitcoin address with Bovada. 22 communications, as on 21Sep19 trying to get it fixed. Still. Nothing.

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.

Bovada Bitcoin Bonus Code

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).

Bovada Bitcoin Withdrawal Time

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

Bovada Bitcoin Code

Reviews