How Bitcoin Works
Depositing with Bitcoin so you can play at Bovada's Bitcoin Casino, Bitcoin Poker Room and Bitcoin Sportsbook is simple. Just follow this easy three step guide. STEP 1: CREATE YOUR FREE BOVADA ACCOUNT. Once you've signed up for your free account at Bovada, click the icon at the top of the page. STEP 2: SELECT BITCOIN OR BITCOIN CASH AS YOUR DEPOSIT METHOD. The Bitcoin bonus is available for the Bovada sportsbook, racebook, and casino Wallet + Exchange. They’re bitcoin for bovada known 800 bitcoin for being one of the best online casino options for US players. Our Bitcoin FAQ section is designed to help answer all of your bitcoin questions BOVADA BITCOIN PROMOTIONS. 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.
Bitcoin is a digital currency that’s distributed through peer-to-peer mechanisms. If that seems unclear, then think of it as electronic money that you can send to a friend or online retailer over the Internet. This method is very fast and free of fees because it doesn’t involve any central banks or financial institutions. It’s also very secure. P2P may not seem very secure to the uninitiated, but it is because of how bitcoin works. Bitcoin transactions include a public key and one or more private keys. Only you have your private key, and that key is never transmitted to anyone else’s computer. No one can withdraw money from your account without that private key.Making a Bitcoin Deposit and putting money in your Bitcoin Wallet
Why would you want to use bitcoin to make a deposit at Bovada? Because it’s the only deposit method that has NO TRANSACTION FEES! If you are an active player moving money in and out of your account, these fees can seriously add up. But with bitcoin now as an option, you can save a lot of money and have much more freedom. To make a bitcoin deposit at Bovada, you have to first acquire bitcoin. There are numerous ways to acquire bitcoin. The most common way is a bitcoin exchange. These exchanges are services that let you convert other currencies, such as the U.S. dollar or British pound, into bitcoin.Bitcoin that you purchase are stored in your bitcoin wallet. Bovada now accepts bitcoin transfers from your bitcoin wallet – and with zero fees. You can acquire bitcoin through an exchange or other method, and then deposit it into your account at Bovada. We recommend buying bitcoin with Coinbase.com. However, you are not allowed to use Coinbase for any gambling. Just use Coinbase to buy or sell Bitcoin. Once you have Bitcoin, you can transfer it to another Bitcoin wallet such as an online wallet like Blockchain.info or a wallet on your smartphone such as BreadWallet. This bitcoin stuff may sound complicated, but it’s not – if you do all your bitcoin transactions through Coinbase. But remember, you are not allowed to gamble with Coinbase bitcoin, so just use Coinbase to buy or sell bitcoin. Coinbase simplifies a lot of things. Typically, your bitcoin wallet is installed locally on your computer or mobile device. With Coinbase, rather than the hassle of installing and maintaining your bitcoin wallet on your desktop or phone, you can manage an online bitcoin wallet through your account at Coinbase.com. This removes the worries of making backups of your bitcoin wallet, getting your computer hacked, losing your mobile device, etc. Your bitcoin wallet is no longer installed locally, but online at Coinbase. Coinbase also eliminates the hassle of buying and selling bitcoin in an open marketplace. With the Coinbase wallet, you “buy” bitcoin by depositing another currency at Coinbase’s current rate. Then that bitcoin is available to you for merchant purchases or transferring to other people.Coinbase allows for bank transfers as well as transfers from major credit cards and debit cards. Your account can be left unverified in order to maintain utmost anonymity. However, an unverified account may have daily transaction limits and transaction delays.Just remember that Coinbase does not allow you to use your account for gambling. So you will need another bitcoin wallet to transfer to. For this, we recommend blockchain.info and BreadWallet.
Making Your Bitcoin Deposit at Bovada
Prior to making a bitcoin deposit at Bovada, you’ll need a valid Bovada account. Note that your account doesn’t necessarily need to be fully validated in order to make a deposit, but it may need to be for a withdrawal. Next, you’ll need to have a bitcoin wallet connected to your Bovada account. As mentioned above, there are numerous bitcoin wallets to choose from, but we recommend Coinbase with great confidence. Once you’ve registered a bitcoin wallet with Bovada, making a bitcoin deposit is a lot like making a deposit with your Visa or MasterCard. 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 Launch Bitcoin Wallet button. Coinbase.com and other wallets will request a transaction address. Simply copy-paste the Bovada Bitcoin address provided, and click submit. On a mobile device, you can simply scan the provided QR code. Return to the Bovada website, and click the button labeled “I’ve Completed My Deposit.” If you entered all information correctly, the transaction should process momentarily, and your Bovada account should now be funded! Depositing funds into your Bovada account with bitcoin still qualifies you to receive all the Bovada welcome bonuses – which adds up to $4,750! You can receive a 100% deposit bonus of up to $3,000 from the Bovada Casino, then a 100% deposit bonus from Bovada Poker for another $1,000, and then a 50% deposit bonus for up to a $250 sports bonus!- You need a Digital Wallet to hold your funds, and an Exchange to transfer crypto to and from your Bovada account. Our short video below walks you through the opening of your first digital wallet. Click here to visit CryptoVantage for a list of recommended wallets. To make your first crypto deposit, let us guide you in 5 easy steps, including how to open the right wallet and exchange.
- Download the Bitcoin Wallet by Bitcoin.com. A simple, secure way to send and receive Bitcoin. Available for iOS, Android, Mac, Windows, and Linux. Supports Bitcoin Cash (BCH) and Bitcoin (BTC).
Bovada & Paypal
You might be wondering, “does Bovada accept PayPal?” After all, Bovada is one of the largest and most popular online casinos and Paypal is one of the largest and most trusted online payment platforms. It makes sense that many people are looking to use their favorite payment platform with their favorite online casino!
The truth is that when it comes to Paypal and Bovada, there is some good news and some bad news. The bad news is that there is no “official” way for you to use Paypal for either depositing or withdrawing money on Bovada. That being said, there is a work around that allows players to still use Paypal to get money on and off of their Bovada accounts. The best news is that Bovada is totally supportive of this work around and even helps their players make it happen.
Bitcoin Wallet For Bovada
In this article we will get into all the details of how you can use Paypal on Bovada, as well as briefly cover the best alternative available to you.
Bovada Vouchers & Paypal
As we mentioned earlier, there is currently no “official” way to use your Paypal account to deposit or withdraw money with Bovada. There has been rumors in the past that this feature would be added, but unfortunately those rumors have never panned out. Although there hasn’t been an official method added, Bovada has indirectly allowed for Paypal to be used through the development of their Bovada Voucher program.
Bovada vouchers are a feature that Bovada has added that allows a player to convert the money in their Bovada account into a transferable “voucher” that can be traded to other players through the use of a unique voucher code. These vouchers are worth an equal amount of money to whoever they are traded to, and can be redeemed at any time. But you may be wondering, what does this have to do with Paypal?
Great question. Bovada not only created the Bovada vouchers, but also allows for players to trade them with each other on a peer-to-peer marketplace right on Bovada’s community forums. On the marketplace, you will find a number of players who are looking to either buy or sell vouchers using alternative forms of payment. One of the most common payment methods that is used here is Paypal!
Coinbase Bovada
One of the added benefits of using Paypal is that you can feel confident doing the transaction, as Paypal has excellent user protections built right into the Paypal platform. In addition to Paypal, players buy Bovada vouchers using cash app, venmo, and zelle.
The only downside with the voucher system is that in order to use it, you must interact with another player instead of with Bovada only. The overall feedback on the voucher system has been great, players really seem to like it, but if it makes you uneasy, the next best option for making deposits or withdrawals is Bitcoin.
Bitcoin On Bovada
If you are looking for the best way to deposit and withdraw on Bovada without involving anyone other than Bovada itself, the best option for you without a doubt is bitcoin. With Bitcoin, you are able to send your money to and from your account in minutes, and there is never a fee for either deposits or withdrawals. It’s pretty clear that Bovada prefers bitcoin as well, as they offer the best bonuses for bitcoin deposits and make the transactions free and fast.
Some players also feel uneasy about Bitcoin as it’s a new currency, but when you look into it a bit you will see that it’s not all that different from using something like Paypal. You can easily create an account on Coinbase, buy bitcoin just like you’d transfer money to your Paypal, and send that Bitcoin wherever you’d like. The only thing to consider that may be different from Paypal is that Bitcoin can fluctuate in value, so it’s important not to hang onto it if you don’t plan on transferring it to your Bovada right away. It will also be intersting to see if Paypal becomes a viable option to work directly with Bovada in the future through their development of Bitcoin as an option for currency on Paypal itself. We will keep you posted here at this article if anything develops along those lines.
MoneyGram, Western Union, & Bovada
Another popular alternative for depositing and withdrawing money with Bovada is to use a service like MoneyGram or Western Union.
MoneyGram is a popular choice for players because of the huge number of locations that you are able to access MoneyGram in the United States. MoneyGram tends to be available in a wide range of pharmacies, grocery stores, convenience stores, and even has standalone locations. You are able to transfer funds with MoneyGram fairly quickly, in about 24 hours, and there is a 100 dollar minimum and 800 dollar max. Unfortunately, there can be bigger fees using MoneyGram, ranging from 6-15%.
Western Union is very similar to MoneyGram in that there are many locations all across the US, making it a convenient option for many players. The minimum and maximum is also the same with Western Union at 100 minimum and a maximum of 800. It is worth noting that the fees for Western Union are a bit more affordable, ranging from 5-10%.
Hopefully this article provided some clarity as to how you can use Paypal to deposit and withdraw on Bovada, while also providing some alternatives.
Now go have fun, and good luck!