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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
Bovada’s Bitcoin Casino, Sportsbook and Poker Room are the best places to play online with crypto. It’s fast, guaranteed and we don’t charge any fees. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics.
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.
Hi Rac Rac, Bovada is not a scam. If this was a card based option, there have been some industry wide delays, partially why the sportsbook introduced bitcoin, to avoid these types of unfortunate. Bovada is the latest casino to add bitcoin as bovada and bitcoin an option for both deposits and withdrawals Bovada will give you a 50% first deposit bonus of up to $500 when you add funds with Bitcoin for the first time Bitcoin For Bovada. They are embracing bitcoin and crypto currency. 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.
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:
Bovada Bitcoin Promo
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.
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Many people wonder Is Bovada legal in the US? Bovada is legal for all USA players, and it always has been since its creation. The reason why Bovada is legal to use as a gambling outlet in the United States is that Bovada is located offshore. Offshore sport betting sites do not have to follow any laws in the United States.
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Bovada Bitcoin Bonus
This means that United States residents can bet on spots. When someone places a bet in the United States it is technically made in Costa Rica not the United States of America. Bovada is also legal in all 50 states. Bovada can run into some troubles with accepting players from certain states because of banking issues, but these issues have nothing to do with legalities.
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Legal Age to Place Bets On Bovada Accounts?
The minimum age to create an account with Bovada is 18 years old. There are some states in the US that require the minimum betting age to be 21. Anyone placing a bet on Bovada who lives in a state that requires gambling age of 21 years of age cannot use Bovada until they are 21 years old.
Is It Safe To Use Bovada Gambling Outlets?
Bovada holds a License for legal gaming. Several independent third parties also regulate them in order to ensure that their sports books and games are legit.
Bovada Review
Gamblers online have provided mixed messages on Bovada reviews. The website is rated at an overall 2 stars. Some gamblers say that they provide fast payouts and a huge verity of games to choose from. There are also customers who review that the payouts happen in a fast manner. Some gamblers were skeptical at first, but after they made their first deposit and began gambling, they realized that there is a potential to lose and win. The nice thing about gambling with Bovada is the fact that they accept Bitcoin as a form of payment.
Bovada Bitcoin Withdrawal Reddit
What is Bovada?
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, or loss.
Sportsbook
Over the past five years, 282,465,789 bets where placed using Bovada sportsbook. People can place bets on nearly anything including major sports leagues. There is also the option to place bets on an obscure event that takes place in other parts of the world.
Horse Racing
Horse racing enthusiasts can use Bovada to place bets on a selection of 94 tracks. There have been 132,560 individual wins paid out since December 2011. These numbers are outstanding to consider because individuals need to predict the top four racehorses in order that finish winning the race line to win their bet.
Casino Games
Bovada online betting is a hot spot for gamers looking for a fast thrill. Blackjack tables have been the most popular table game. Since 2011, Bovada has served 1,198,909,137 rounds of blackjack and these numbers continue to rise. Bovada also offers online slot games and are always looking to add new slots to their website.