Best Bitcoin Wallet For Bovada

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.

Best Bitcoin Wallet For Bovada Odds

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 bought bitcoin to deposit into Bovada, transfer it from your coinbase account to your electrum wallet. To do this, open your wallet and click 'receive'. It'll show you one of your addresses which you can copy and paste. Bitcoin is a viable alternative to fund your online casino account Paste the Bovada Bitcoin address into your wallet bovada bitcoin wallet and enter the amount to send to Bovada. It’s never taken this long. Is Bovada legit? Bovada is the latest casino to add bitcoin as bovada bitcoin an option for both deposits and withdrawals Bovada Bitcoin.

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.

Best Bitcoin Wallet For Bovada Account

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:

• BETTING SITES
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• ONLINE CASINOS
  • By Deposit Method
• REAL MONEY
  • By Game
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• REVIEWS
• GUIDES

The strict online gambling regulations in the USA make the life of local players tough.

Fortunately, there are some gambling sites on the internet that are safe and accept US customers.

One of the best of them is Bovada. Among the many reasons I like the site so much is the opportunity to use cryptocurrencies and Bitcoin, in particular.

This is one of the fastest and most reliable payment options for US players. If you haven’t tried it before, I think you should give it a shot.

This post will help you learn more about depositing at Bovada with Bitcoin and the exclusive BTC bonus for new customers.

Also, I will share some recommended wallets for crypto and look at other US betting sites that accept Bitcoin.

Let’s start with a simple explanation of how to join Bovada and make a deposit with Bitcoin.

If you don’t have an account with Bovada, the first step would be to join the site. Please click here to get started. Orread our Bovada review if you want to know about the site first.

Once you’re on the site, you can start the registration process via one of the many “Join” and “Join Now” buttons on the home page.

You will be required to fill in some personal information like your name, address, email, country of residence, and similar. You also need to pick a password that you will later use to log in.Make sure to make it complicated so that no one can guess it.

The first thing that will happen after you open a new account is that Bovada will ask you to pick a 4-digit PIN that will be used to verify you later on when you decide to request a withdrawal.Make sure to remember the one you fill in.

Once you’re done, it’s time to visit the deposit section. You can do that by clicking on your balance in the top right corner of the screen. A huge “Deposit” button will appear, and it leads youto a screen where you can pick the payment provider you wish.

Bitcoin is on top of the list, so click on it. The next step is to get the Bitcoin address generated by Bovada and send BTC from your own wallet. If you don’t have one, I will share a couple ofrecommendations for a reliable option later in this post.

Within a minute after you send the money, it will appear in your Bovada account. You shouldn’t forget to take full advantage of the $5,000 Bitcoin bonus of the gambling site.

Best Bitcoin Wallet For Bovada Cash

The biggest welcome bonus of Bovada is for Bitcoin users. You can get up to $5,000 in free cash on your first four BTC deposits.

Bovada will give you a 50% first deposit bonus of up to $500 when you add funds with Bitcoin for the first time. This means that a deposit of $1,000 will be enough for you to claim the fullamount.

There are certain terms and conditions you should be aware of. The Bitcoin bonus is available for the Bovada sportsbook, racebook, and casino. You can’t use it on the poker tables.

You need to wager the bonus 5 times in the sportsbook or the racebook. If you decide to use it in the Bovada Casino, you have to wager the Bitcoin bonus 30 times.

If you request a withdrawal before meeting the wagering requirements, you will lose the Bovada bonus.

If you are a casino player, you can have another three Bitcoin Bovada bonuses. Each of them is worth 100% of your deposit of up to $1,500 and can’t be used in any of the other sections of Bovada.

The following terms and conditions apply.

• Only deposits of $1,000 or more qualify for the Bovada Casino Bitcoin bonuses
• You need to wager every bonus 25 times prior to withdrawal
• Only slots and specialty games contribute 100% of the stakes placed towards the wagering requirements. Bets on products from other categories count for up to 20% of the value
• Bets on live dealer games and craps don’t count towards the wagering requirements
• If you request a withdrawal before clearing a bonus, you lose it, as well as the winnings from it

If you are not entirely sure if you should use Bitcoin for betting online, you should learn the advantages and disadvantages of the cryptocurrency. Let’s start with the positive sides.

Using Bitcoin is one of the fastest ways to withdraw your money from almost every betting site on the internet, and Bovada is not an exception. You can get your cash within 48 hours most of thetime, which is superb, especially for the USA.

Compare that to the 3-14 business days required for most of the other popular options, and you will see what I mean. If you want fast payouts, Bitcoin can certainly deliver.

Some of the banking methods available at Bovada come with fees. That’s not the case with Bitcoin.

The gambling site covers all the fees for the transactions, so both the deposits and withdrawals are free for the users.

There’s no full anonymity, but Bitcoin allows many options for more privacy in comparison to other payment providers.

The decentralized nature of the cryptocurrency means that every transaction remains in the blockchain, but there are no institutions like banks and governments that keep a detailed record ofevery person.

While I see Bitcoin as a mostly positive experience, there are certain downsides of using the cryptocurrency.

The exchange rate of Bitcoin is constantly going up and down. While you could control that to an extent by using wallets that support fiat currencies too, you can’t completely nullify thevolatility.

For example, you may place a bet, win it, and still lose value because the price of Bitcoin has dropped in the meantime.

On the bright side, the opposite could happen, too. You might actually end up winning way more thanks to the nature of the currency.

While Bitcoin is no longer some shady concept that is unknown to the masses, it’s still a bit complicated for most users. Understanding how everything works might be difficult for a lot ofpeople, so it would take time and energy to learn how to operate with Bitcoin.

The good news is that some of the wallets I recommend in the next section are among the easiest to use out there. If you think that would be important for you, make sure to check them out.

Recommended Wallets for Depositing Bitcoin at Bovada

Some of you probably already have a wallet for Bitcoin, so you don’t really need help in this regard. Others might just be entering the world of crypto, so it would be a good idea to receive sometips first. I will share a couple of reliable wallets but also explain how I selected them.

This will help you find one on your own if you prefer to conduct separate research.

Let’s start with some general advice for picking a Bitcoin wallet for gambling purposes. I always explore the following aspects of any service.

• Safety
• • You should always pick companies that can be trusted. The safety of your money is the top priority of the selection process, so make sure to check the reputation of each wallet and theexact way the information is stored and protected

• User experience
• • One of the downsides of using crypto is that it’s not exactly a piece of cake for beginners. Fortunately, most wallets nowadays are much easier to use compared to a couple of years ago

• Country
• • Using Bitcoin for gambling purposes from the USA could be an issue. If the wallet you are using is owned by a company in the US, it might be monitoring your activities. A lot of peoplehad their wallets shut for that reason. There are plenty of legit wallets based in countries where crypto is a grey area. I recommend that you stick to them, and there will be no issues

• Fiat currencies
• • One of the biggest downsides of using Bitcoin for gambling purposes is the high variance in the price. It goes up and down constantly. If you want to avoid big losses, you should pick awallet that lets you keep your money in a fiat currency like US dollar or euro. That way, you won’t care what’s going on with the price of Bitcoin

If you want to learn more details about the different types of wallets, I recommend that you visit the page below. It features plenty of useful information on the topic.

Best Bitcoin Wallet For Bovada

Before I move on to my actual recommended Bitcoin wallets for betting, I would like to share a couple of words about the different types you could get. They all have their advantages anddisadvantages.

• Web wallets
• • As the name suggests, you can go to the internet and find various sites that offer such a service. Some have a cloud-based platform, while others are basically exchanges that includewallets to their service. They are easy to use and require less time, but the security level is lower compared to some of the other options

• Desktop wallets
• • Another solution would be to download a desktop wallet. You simply need to install additional software to your computer. While people believe this is a safer approach compared to webwallets, you need to secure your computer well if you pick a desktop wallet

• Mobile wallets
• • You could also use a mobile app that would serve as your wallet. The logic is similar to desktop wallets, but this time, you add the software to your phone or tablet instead of yourcomputer

• Hardware wallets
• • The most secure way to store Bitcoins and other crypto would be to use a hardware wallet. That’s an external device that holds all of the information offline. You can connect the deviceto a computer when you need to move your money, but that’s it. The extra security comes at a cost, though, as the hardware wallets are the most expensive and rather hard to use

My recommendation to beginners would be to try one of the first three types of wallets first. If you like Bitcoin and you decide to invest more for some reason, explore the hardware options.

I will share my top choice for each group above, though, so it’s up to you. All of the recommended Bitcoin wallets can be used to deposit and withdraw from Bovada and other online bookmakers thataccept Bitcoin.

Let’s start with my recommended web Bitcoin wallet for gambling purposes. A lot of people think Coinbase is the place, but not for US players. You will most likely get your wallet closed, as thecompany is based and regulated in the USA.

Instead, you could give GreenAddress.it a shot. The platform is easy to use and has a flawless reputation. It’s one of the best for beginners out there, and there are some extra layers ofsecurity such as two-factor authentication options, the option for a hardware wallet, and others.

If you are looking for a solution that’s easy, safe, free, and fast, GreenAdress.it is a solid choice.

I was a bit torn on which desktop wallet to recommend, but Electrum gets the nod. It’s one of the safest desktop wallets thanks to some excellent encryptions and other measures designed toprotect your money. For instance, you can use a second computer that stays offline as storage.

At the same time, Electrum is completely free and one of the easiest desktop Bitcoin wallets to use. Even people with no experience with crypto should be able to quickly learn how to comfortablyhandle the software.

The good news is that Electrum is also available on iOS and Android. Feel free to visit the website of the wallet and learn more foryourself.

There are plenty of options on mobile, but I like Mycelium the most. That’s one of the earliest mobile wallets for Bitcoin out there. Initially, it was only available on Android, but you can nowuse it on iOS too.

Mycelium offers multiple features that provide security to your account. A good example is the “Watch Only” mode that allows you to view all activities while the transactions are disabled.

One of the downsides of Mycelium is the outdated design, but the user experience is still decent, and the app is certainly among the best mobile Bitcoin wallets on the market.

You can see the download options here.

The undisputed leader among hardware Bitcoin wallets is Trezor.io. If you want the best and most secure option on the market, that’s it. You can buy the device from various places, includingAmazon. It’s the only paid option on my list, but it’s worth the $70-80 you have to spend.

The Trezor.io device can be connected to Windows, Linux, iOS, and Android, so you can use it with pretty much every mainstream OS out there.

Another advantage is the encryptions implemented by Trezor.io that make sure your password is secure. You can easily restore your money if something happens, too, so this is the full package.

If you want one, Amazon is one of the places you can get it.

Other Betting Sites That Offer Bitcoin to US Players

Bovada is my top choice for a betting site that works with Bitcoin and accepts US players, but there are other trusted sportsbooks that do the same.

All of them offer a reliable service and a bunch of gambling products, including a sportsbook, a casino, and a racecard for horses.

If you have never tried Bitcoin for sports betting and you are in the USA, you are missing out. The cryptocurrency provides a reliable and fast way to gamble online.

I would recommend you to at least give it a try. Bovada is probably your best option, but the other gambling sites mentioned here would be an excellent choice too.