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Making a deposit on Bovada with bitcoin is not as difficult as you might first think. The only challenge is buying bitcoin and there are options below showing you how and where to do so.

1. Convert all the cryptocurrencies, you hold on the exchange, into Bitcoins In the section “Wallet”, by BTC, click “Withdraw”, fill in all the forms, entering your wallet address. Exmo and other exchanges also provide withdrawing the money to digital wallets or directly to a cash card.
2. The best part about using Bitcoin at Bovada is that there are no processing fees. The minimal withdrawal amount is $10, and there is no maximum withdrawal. You can make a withdrawal once every three days. Once your withdrawal request has been approved, it will be about 15 minutes to receive your winnings.

How To Withdraw From Bovada With Bitcoin

Withdrawing bitcoins from Bovada (poker/gambling site) To deposit I used Bank account to Circle to Blockchain to Bovada, and I plan to reverse the process in order to withdraw. I've heard Circle likes to lock and seize accounts when you start bringing in money that they think are gambling winnings.

If you already have bitcoin, making a deposit on Bovada is super easy. Click deposit. Choose bitcoin as your deposit method. Send the amount of bitcoin to the address they supply you.

If you do not yet have any bitcoin, this guide will show you how to get bitcoin and how to use it to deposit on Bovada safely.

The Bovada Casino and Sportsbook has accepted bitcoin since early 2016. And today it is the preferred way to deposit and withdraw.

It’s fast, it’s easy and it is super low fee’s. Especially when compared to checks, bank wires and cash to WU options. If you utilize Bitcoin, you get double sized bonuses and the absolute fastest withdrawal speeds.

Let’s take a look at how to deposit bitcoin on Bovada.

Step 1 – Get Yourself a Bitcoin Wallet

The bitcoin wallet is where you keep your bitcoin before spending it. You do not have to get a wallet if the only reason you are getting bitcoin is to make a deposit but most of these are totally free so you may as well get one.

When you make a withdrawal of bitcoin, you’ll want a wallet to send them to. Make sure these are secure, quality wallets. I’ve researched these and here are my short list of good wallets:

1. Electrum.org – download the client on your computer. Free and easy
2. BreadWallet.com – quality web based wallet that you can control your private keys
3. GreenAddress.it – another good online wallet with privacy and control
4. Trezor – if you hold any significant amount of bitcoin, get a hardware wallet like the Trezor

Now that you have your wallet, you need to purchase bitcoin.

How to Purchase Bitcoin

The next thing you have to do is purchase some bitcoin and have them sent to a bitcoin wallet.

If you don’t know what a bitcoin wallet is or have any clue about how to go about purchasing bitcoin, don’t worry. We’re going to break down every bit of this for you below. You have three main options that we’re going to cover here for purchasing bitcoin, and two of them can be used for playing at Bovada Casino.

We’re including the third to help people who are new to bitcoin avoid a common mistake that a lot of people can make regarding one of the most popular bitcoin exchanges online today.

1. Coinmama

Coin Mama is a website that tries to make it as easy as possible to buy, sell and transfer bitcoin, and that makes them a great option for Bovada Casino players who want to use bitcoin as a deposit option.

The following is the basic procedure that you would follow:

1. Go to Coinmama and register for an account. This only takes a few moments, and it’s just like registering an account at virtually any other website.
2. Creating an account here will give you an online bitcoin wallet that you will use for your transfers.
3. Choose a method of payment for how you would like to buy your bitcoin. Available options include credit cards like Visa or Mastercard in addition to other methods like Western Union.
4. You will be taken to a simple form based on which payment option you have chosen. The form will walk you through entering all of the information that you need to verify and process your payment.
5. Once all of your information is in, you’ll confirm your details with an email that has a link in it you’ll need to click on.

And that’s all that needs to happen for you to purchase bitcoin through Coinmama.

They really do make it as easy as possible for new players, and it’s the method that we recommend players use for their first time because of how they really walk you through every single step of the way.

CoinMama accepts most USA states, but not all. If your state is not accepted, don’t worry, there are more options.

2. LocalBitcoins

Another option is LocalBitcoins, a website that uses a slightly different approach than Coinmama.

Instead of buying and selling bitcoin on an open exchange, they set up transactions between people who live in the same area.

This approach facilitates exchanges in person instead of working as an exchange themselves. The process is as follows:

1. Register for your free LocalBitcoins account if you haven’t already. This only takes a few moments.
2. From the search form on the main page, you’ll include various options like how much bitcoin you want to buy, your geographical location and how you would like to pay. This search form will list people in the given area who are looking to sell.
3. Choose the ‘Buy’ button beside of an option that looks appealing to you in order to see more information like the terms for the trade, the general location of the seller, etc.
4. If you agree to their terms, you then enter how much bitcoin you’re looking to buy. The blue box on that page is a part of a messaging system that will allow you to contact the seller directly. You can press the ‘Send’ button to initialize the trade.
5. When the seller verifies that the payment has been received, the bitcoin is transferred from escrow into your account, and the trade is complete.

LocalBitcoins has a little bit of a different approach, but it works just as well.

3. Coinbase – Do Not Use For Gambling

We’re including Coinbase here to warn players not to use them for gambling transactions. They are registered as a Money Service Business in the United States, and they’re subject to tons of regulations as a result.

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.

The reason we want to point this out is that Coinbase is a very popular bitcoin wallet, if not the most popular for American players, and it’s a common mistake to try to use them to deposit to play at Bovada.

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. To transfer that bitcoin to your Bovada account, you’ll follow this simple procedure:

1. Log into your Bovada account as usual.
2. In the top-right corner of the page, click on your account balance to open the cashier window. Choose the deposit option from there.
3. Alternatively, you can open the deposit window by going to the dashboard and choosing the “Make a Deposit” option.
4. Pick bitcoin as your deposit method from the menu, and type in the amount of bitcoin you’d like to deposit.
5. You will be given a bitcoin address as where you should send your bitcoin to complete your deposit. You can do this from inside of your bitcoin wallet account or through a QR code you can scan with your smartphone or tablet.
6. Double and triple check to make sure that you enter the bitcoin address correctly when you process your transfer.
7. After the transfer is completely, click the “I’ve Completed My Deposit” button and wait a few moments for the bitcoin to appear in your Bovada account.

Once this series of steps is completed, you’re ready to start playing with your bitcoin at Bovada Casino. If you have any trouble with the last set of steps for any reason, feel free to contact their 24/7 support team because it’s full of helpful customer service representatives who can help you to figure out if something went wrong with your transaction.

Ready to make your first bitcoin deposit? Go to Bovada to get started! They are currently offering a 50% to $500 for first time bitcoin depositors.

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. 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. And because we know that there’s a bit of a learning curve, we want to make it as easy as possible on you.

Practical Bitcoin Usage

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.) that you log into with a username and password and use to make transactions in the bitcoin cryptocurrency.

Advanced users can actually run their own private wallet from their own computer, but that’s a bit outside of the scope of learning how to make deposits and withdrawals to Bovada.

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. This is the basis of using bitcoin as a deposit and withdrawal method.

Conclusion

With that said, this article wasn’t to explain the basics of bitcoin to you but to show you what you need to do to go from no bitcoin to having bitcoin to having a deposit via bitcoin at our top rated online sportsbook.

My Top Bitcoin Sportsbooks
These are the best bitcoin sportsbooks online.

• Bovada - deposit and withdraw in bitcoin, gamble in USD.
• Cloudbet - bitcoin only sports and casino. Bet in BTC with up to a 5 BTC bonus
• Betonline - deposit and withdraw in bitcoin. Bet in USD
• Intertops - deposit and witdraw in bitcoin, bet in USD

If you are looking for a sports betting site that only operates in bitcoin then give CloudBet a try.

More Great Articles:

How to cash out Bitcoin to Fiat: a review of various methods and a manual. How to transfer money out the crypto exchange accounts and wallets by means of exchangers and payment systems

Cryptocurrency exchanges, cloud services, exchangers, payment systems are all engaged into a huge network, called the Cryptocurrency Universe. Applications and wallets, bank cards, accounts of the digital networks, like WebMoney or Perfect Money, all of them make up a system of depositing, exchanging and withdrawing the money. From this review, you will learn how all market participants interact, how to withdraw Bitcoin from the wallet, and if there are any alternatives to the exchanges and wallets.

How to cash out Bitcoin from the wallet

Cryptocurrencies are getting more and more popular as a trading instrument, and there are appearing more and more mediators in the crypto market. The difficulty in the interaction between all market participants is that there are no common rules and no common standard. Each crypto exchange works only with certain payment systems; each exchanger supports only a certain set of cryptocurrencies. The way of depositing and withdrawing the money can sometimes be so complex that investors lose much money due to the commission fees, to say the least. There is no standard scheme how to withdraw Bitcoin from a wallet or an exchange account, because the rules in the crypto exchanges are changing all the time: new schemes are appearing, the commissions are changing, and so on. I’m going to suggest a general manual how to withdraw Bitcoin to the bank card; you are welcome to enrich and extend it in the comments.

How to withdraw BTC to bank card and convert it into Fiat currencies

It can seem that it is more reasonable to describe the way of depositing money, rather than withdrawing it. Before you cash out your cryptocurrency to Fiat, it should be somehow deposited into your trading account. And so, it is the easiest to withdraw it in the same way as you deposited it. But, in fact, it is not that simple. First, it is far easier to deposit the money than to withdraw it. For example, you can transfer a payment of almost any appointment from your credit card, but you can’t receive it. Second, the cryptocurrency may be added to the wallet as a result of mining. That is, there hasn’t been the account depositing, in fact.

First, I’ll describe a general scheme of the relationships between all crypto market participants. There are two ways of storing your coins:

• Wallets. They are a kind of application, software that is installed on a computer. Cryptocurrency is a kind of code that will be recorded in the application (it is a very simplified outline). There are also online wallets, placed on different services, but you’d better utilize only cold ones, downloaded from the official website of the cryptocurrency developers.
• Accounts on crypto exchanges. An investor is registered and verified on an exchange and tops up the deposit, depending on the options, available on the exchange. For example, you can just transfer Fiat money from your credit card to the banking details, provided by the exchange. Or, you first transfer it to a digital wallet (WebMoney, Perfect Money etc.), and from the wallet, you transfer it to credit card or cash out via a currency exchange store.

How you can withdraw Bitcoins:

• Transfer it from exchange to wallet;
• Transfer it from exchange or wallet to credit card via exchanger;
• Transfer it to card through the exchange;
• Transfer it from the exchange or a cold wallet to an account in digital payment systems.

How to transfer Bitcoins to Blockchain Bitcoin Wallet

Blockchain (Bitcoin Wallet) is a Bitcoin wallet, proved by time, that allows storing Bitcoins outside the exchange, on your desktop or a mobile gadget. The first step is creating the wallet:

• go to the official website of the wallet, blockchain.com;
• select the operating system, you are going to install application to;
• click “Create new Blockchain wallet”, enter your email address and the password.

You now have the wallet. I’ll describe how to transfer your Bitcoins to the Blockchain wallet on the Exmo example:

• Convert all the cryptocurrencies, you hold on the exchange, into Bitcoins
• In the section “Wallet”, by BTC, click “Withdraw”, fill in all the forms, entering your wallet address.

Exmo and other exchanges also provide withdrawing the money to digital wallets or directly to a cash card. For example, before you transfer Bitcoins to the bank card, you need to exchange them into U.S. dollars or the currency you need; next, you choose the withdraw method, Visa/MasterCard, and enter the card information. After the transaction has been formed, you’ll receive the confirmation email. The money will be transferred to your card in the period from a few hours to three days since the confirmation.

How to transfer Bitcoins from the Blockchain wallet (Bitcoin Wallet) to the card via exchanger

You can cash out cryptocurrency from the cold wallet with any e-currency exchanger; there are a few hundreds of them. That matter is how to avoid scammers and reduce commission costs. I suggest you use the monitoring website bestchange.com. It provides a list of reliable exchangers with the comments by real investors.

How you withdraw BTC to the card:

• On the left panel, you select a cryptocurrency to withdraw and a particular direction: Visa/MasterCard, QIWI, etc. On the left panel, there will be the list of exchangers that support the transaction.
• On the exchanger website, you check the reserve available (if you exchange BTC fro another cryptocurrency) and study the FAQ section.
• You select the exchanger, based on the following parameters: commission fees and exchange rates, official ranking of the exchanger wallet (BL - for WebMoney, TS - for Perfect Money), the mode of exchange (manual, semi-automatic, automatic), and go the website of the exchanger.
• You must register on the site. Next, you enter the account number or the card number, the money is to be transferred to.

The transaction speed is different. A fast or instant transaction is considered to be within 10-15 minutes; but it may take a few days. By the way, this monitoring provides withdrawing money through exchangers directly from EXMO, avoiding wallets.

How To Withdraw Money From Bovada Bitcoin Money

How to transfer Bitcoin to a cash card, Visa, MasterCard, and digital wallets

The most common E-wallets are: WebMoney, Qiwi, Perfect Money. You transfer cryptocurrency to e-wallets in the same way as to cold wallets or cards. The differences are whether you need verification at the moment of withdrawing or not, the commission amount and whether an exchange (or exchanger) provides it. The same is with cash cards. On the website of an exchange or exchanger, you select the corresponding option and enter the banking information.

Conclusion. All these methods are quite easy. When you have just learnt about the schemes of the money transfers, you may be confused; but exchanges, exchangers and wallets provide a clear interface, simple, intuitive navigation and instructions for converting. And the general scheme of cryptocurrency withdrawing has been described in the article. But there are still some difficulties, you will sort out after some practice:

1. The more mediators are in the network the higher the risk is to lose your money:

• Before you transfer the cryptocurrency from the Bitcoin wallet, find out, whether it is available in the payment system itself. For example, PayPal often blocks any transactions in cryptocurrencies. At best, the payment won’t be transferred to the card; at worst, the entire account will be blocked.
• Check the reliability of the exchangers, you work with. Scammers often pretend to be exchange services. Investors transfer the money, but they don’t get Fiat for various reasons. It can be the topic of a separate article, how to choose the right exchanger.
• Remember, that crypto exchanges’ accounts can be hacked, or there can be a network failure. And there is nobody to address; there are no courts, regulators or ombudspeople in the cryptocurrency world.

2. The more there are mediators, the more commission fees are. Wallets, exchanges and exchangers work with a certain number of partners. For example, to transfer the money to the card, you may need a chain, like “Exchange- Exchanger A - Exchanger B”. There is often a problem of not how to withdraw Bitcoins from a wallet, but how to do it with minimum risks and costs.

A far more convenient alternative is trading cryptocurrencies in Forex. Brokers usually provide over 12-15 methods to withdraw the money without any side intermediates. Even though, brokers don’t provide withdrawing real cryptocurrency to the wallet, this option is still more reliable and less costly, in terms of commission fees. I suggest you study it in more detail, reading the terms for trading major cryptocurrency pairs on LiteForex website. Crypto exchanges, wallets or Forex: what would you chose for investment?

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.