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The process is as follows:. This includes not funding any type of gambling, and they will freeze your account and your ability to make transactions if you use a Coinbase account along these lines.
If you want to make a deposit at Bovada Casino using bitcoin, you cannot use Coinbase to purchase them or as a bitcoin wallet.
If you do have bitcoin on Coinbase, you need to send it to your personal and private bitcoin wallet first before sending it to an online casino.
Making Your Deposit to Bovada With Bitcoin. Now that you have your bitcoin in your wallet, the hard part is behind you. Ready to make your first bitcoin deposit?
Go to Bovada to get started! Bovada Casino has been in operation since but the team behind them Bodog has been around since and we have been working with them since then.
They are embracing bitcoin and crypto currency. One of the things that makes them so great for Americans is that they have reliable deposits and withdrawals.
My goal in this guide was to show you exactly how to make your first deposit to your Bovada account in bitcoin.
Without going into a ton of detail about the mathematics and technology behind how bitcoin works, here is a breakdown of how you can use it in a practical way.
First, you have a wallet for your bitcoin, which can operate like an electronic wallet think PayPal, Skrill, etc. You can purchase bitcoin from other currenies like the US dollar based on the current exchange rate, and you can sell your bitcoin to receive other currencies in the same way.
Important Reminders: Always transfer your Bitcoin to Bovada from your wallet NOT your exchange , to maintain privacy and security; Double check the currency before making your transfer Ex.
Bitcoin BTC and Bitcoin Cash BCH are not the same currency. Bitcoin The Basics Opening my Bitcoin Wallet Opening my Exchange Account Buying Bitcoin With My Exchange Transferring Bitcoin To My Wallet Depositing Bitcoin at Bovada.
Don't already have a 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 transactions may have limits from the wallet provider.
Your bitcoin wallet can be either unverified or verified. Bovada does not limit bitcoin withdrawals. Bovada does not charge any fees for bitcoin deposits.
Bovada also does not charge fees for bitcoin withdrawals specifically. Additionally, if a bitcoin transaction ever has to be resent, Bovada reserves the right to charge a reprocessing fee.
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.
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.
It takes 15 minutes from when your funds are processed and deducted from your account. If you request a check by courier, that can take business days.
These fees are certainly much lower than fees incurred when depositing with a credit card. Some credit card companies place restrictions on online deposits, but Bitcoin and Bitcoin Cash transactions will always be successful.
As a Bovada member, when you deposit with Bitcoin or Bitcoin Cash for the first time you'll be able to cash in on Bovada's biggest Welcome Bonus.
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. Once you click the icon, click Deposit to open the cashier. Choose Bitcoin or Bitcoin Cash as your deposit method.