How To Deposit Bitcoin To Bovada
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. Question bitcoin for bovada regarding bovada and bitcoin. Bitcoin is a viable alternative to fund your online casino account Deposit into Bovada with Bitcoin. We’re talking about 9 hours now This is the standard bonus offer Bovada generally runs 24/7. Bovada - One of the top betting sites worth trying in USA. This video explains how to deposit money to Bovada from Bank account with Bitcoin. 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.
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- How To Deposit Bitcoin To Bovada
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How To Deposit Bitcoin To Bovada
How to Withdraw Money from Bovada
Your available withdrawal option depends on the way you deposited money to Bovada. If you made a credit card deposit, you can withdraw the money as a check. Bovada has the fastest check payouts out of all US poker sites. If you made a Rapid Transfer deposit, you can withdraw the money by using Rapid Transfer. To withdraw by credit card, you must complete the credit card verification form on Bovada's website. The minimum check withdrawal is $20 and the max is $3000 and for Rapid Transfer withdrawals $100-$750. There is no charge for your first check withdrawal of each month, however cashing out for the remainder of the month costs $50 each. Rapid Transfer cash out fees are $20 to cash out $100 - $199, $30 to cash out $200 - $399, $45 to cash out $400 - $599, and $60 to cash out $600 - $750.How To Deposit Bitcoin To Bovada Through Coinbase
Bovada Payout Problems
In 2008, Maryland DOJ and IRS seized $25 million of Bodog's money as the dollars were sitting on their payment processor's account. This obviously caused a delay in payout. An undercover agent registered an account at Bodog and made two cash outs during the year of 2007, which helped the IRS to seize the money. Again, there was a delay in pay outs in 2011 but there is no real information on what caused them, except Bovada says they were in the process changing payment processors in order to deliver checks faster in future which then slowed down current check processing. There have been no reported problems since.
Bovada Bitcoin Withdrawal
Bovada gladly accepts Bitcoin. Bovada does not charge any regular fees when Bitcoin payments are processed whether depositing or withdrawing. Occasionally wallet and exchange providers may charge a small transaction fee or users may add one to transactions for priority processing. These fees are usually less than a dollar, still much lower than credit card fees. Bitcoin is the fastest way to get your winnings. In fact, expect about a 15 minute turnaround time from when your funds are processed and deducted from your account. BitCoin is instantly exchanged into US Dollars at the rate at the time of deposit. You will need to set up a BitCoin wallet, and then fund it using your bank account / credit card.Bovada Check by Courier
Check by Courier is Bovada’s preferred method of payment. Couriered check is a safe and secure option that is delivered directly to your door via courier service. Your signature will be required upon delivery. The average payment processing time frame is 10 to 15 business days. Couriered checks are issued in a maximum of $3,000 increments. Payments over this amount will be sent out in $3,000 increments every 7 business days. Multiple pending couriered checks under the maximum may be combined, totaling up to $3,000. You are entitled to one free payment every 90 days. Each additional check will incur a specified fee. Bovada Money Transfer via Western Union
Western Union is a sure way to get your Bovada account funded. However, the fees which can be between 6% and 15% of the total, depending on the amount you want to transfer. The more that you transfer the cheaper those fees become. Bovada now refunds fees on deposits over $300 using this method.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.
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).
How To Deposit Bitcoin To Bovada
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