Best Bitcoin Wallet For Bovada
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.
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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.
- You can copy their Bitcoin address and send money directly to them.
- 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.
- 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.
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.
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!
- Betting Type
Betting on sports using Bitcoin has become a lot simpler than you can imagine. Recently, sportsbooks have been more accepting of Bitcoin bets and even give out larger bonuses for users who use cryptocurrencies, opposed to those who stick to traditional currencies. It’s also much nicer being able to both play and win in BTC.
We list the Top Bitcoin Sports Betting Sites
#1 – Sports Betting
A global leader in offering world class sports betting, they offer multiple cryptocurrency deposit options including Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Ripple (XRP) and Stellar (XLM). They offer betting on virtually every major event including NFL, NBA, NCAA basketball, NCAA football, UFC, MLB, boxing, golf, tennis, etc.
#2 – Bet Online
Bet Online has an impeccable reputation and they have achieved this by offering some of the best customer service in the world, along with great odds. You can wager in Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Ripple (XRP) and Stellar (XLM). They offer options to wager on nearly any sporting event that you can think of. They also offer all new players a generous sign-up bonus. Also check out the great casino games.
#3 – Cloud Bet
If you are looking for a safe and reputable bitcoin casino with multiple betting options, including sports betting and esports this is your best option.
You can literally bet on every major sporting event including NFL & NCAA football, NBA & NCAA basketball, MLB, NHL as well as boxing, rugby, MMA, and much more.
This is by far the best bitcoin focused sportsbook.
USA Prohibited.
#4 – Bovada
This is one of the oldest sports books in the world, and they were also one of the first to focus on offering bitcoin deposits and withdrawals. A clear favorite Bovada offers betting on all of your favorites sports, they also offer a world class casino, poker rooms, live dealers, and much more.
#5 – GT Bets
This is another solid option for players who are want to wager on sports using Bitcoin (BTC) or other cryptocurrency. This is a smaller outfit than the others that we recommend, the benefit of this is they really go out of their way to offer the best in customer service, and they always aim to payout winnings as fast as possible. Make sure to checkout the promotions page.
The Basics of Bitcoin Sports Betting
Players must comprehend the fundamentals of crypto-currency betting before they even place their bets. There is a wide variety of bets you can choose from, each of them having its own pros and cons based on their type, wage and value. Some of the most popular ones are:
- Moneyline
- Parlays
- Props
- Point Spread
- Futures
- Live Bets
Moneyline: Choose the Winner
The most straightforward way to get into Bitcoin sports betting is Moneyline. The player receives a payout that is directly linked to the result of the event that is happening. The odds are expressed with fractions, decimals or American odds. We will use American style round the entire post, to keep things most understandable.
American odds detail what it would take for the player to win a certain amount of money on a particular bet. Imagine that the Super Bowl is happening and the player wants to win 100$. Odds are usually displayed as:
Pittsburgh Steelers (-200) vs. Dallas Cowboys (+180)
This means that if the player wants to win the 100$, they are required to place a 200$ bet in favor of the Steelers. In contrast, if the Cowboys win and the player has bet on them, they get paid out a sum of 180$.
Sportsbooks root the payouts by the current trends across the betting market; this is the reason why the payouts are much less than the bets themselves.
Parlay: Stacking Up Wins
Parlay betting allows the player to stack up games in order to enlarge their win. Usually, up to three games are required to place a parlay bet. The player can also use point spreads and moneylines to be stacked on a parlay.
While the payouts are generally larger, the only downside is that the player needs to win all the bets in order to be paid out.
Props
“Props” or propositions bet means that the player bets on a certain occurrence of the event, not the result of the event itself. For example, the player can bet that Dak Prescott can score 25 points in a game or whether Andy Dalton does around 23 passes.
Point Spread: Marginal Winners or Losers
The catch of this type of bet is to bet on a game with even odds, meaning that the favorite needs to win by a certain amount while the underdog needs to lose by an even amount. If we use the game from the previous example, the bet would look like this:
Pittsburgh Steelers +3.4 (+130) vs. Dallas Cowboys -3.4 (-130)
For the player to win 100$, they need to place a 130$ bet. At the same time, the Steelers need to win by at least 4 points to ensure that the bet is won; if the Cowboys lose by 4 points or less, the player is also paid out.
This type of betting is especially popular with NFL and NBA games, because it is really easy to assume the favorite and the underdog on an even playing field.
Futures: Future Wins
By the title of the bet, it is obvious that the player bets on a prediction that is in the far future.
For example, you can bet on a certain NBA team to take the crown in the next championship:
Chicago Bulls +420
Meaning that if you place a 100$ bet, you can be paid out a sum of 420$. The downside being, that any other team can win the championship, leaving your bet to a loss
Choices of Bitcoin Deposits and Withdrawals
Best Bitcoin Wallet For Bovada Slots
Generally, sites that allow crypto-currency betting enables players to continue wagering on their preferred sports; to keep things simple they usually cite BTC bets in dollars. Because of this, the sites protect the players from price swings that go up to 30%, as well as offering them larger payouts, sometimes even higher than 200%.
Best Bitcoin Wallet For Bovada Reddit
Using Bitcoin on sportsbooks is really easy. Firstly, you need to buy Bitcoins from your credit card, which can be simply done with exchanges such as Kraken or Coinbase. Once you have the coins, you transfer them to the sportsbook’s crypto wallet address. Transactions usually cost a couple of cents, and they appear on the sportsbook almost instantly. This process can be easily done through mobile apps or websites.
The only thing you need to note is that bitcoins trade to 12 decimals, in contrast to traditional currencies trade to 2. It is possible that sometimes a transaction can be completely free, but most sites limit users to a minimum and maximum exchange amount for deposits and wagers as well.