Bovada now process BTC deposits and withdrawals free of charge

Discussion in 'Bitcoin Sports Betting' started by Humble Servant, Jun 27, 2016.

  1. Humble Servant

    Humble Servant Active Member Staff Member

    A couple of months ago Bovada dipped their toe in the crypto-currency waters when they began to accept bitcoin for deposits only. This was obviously a trial period to see if there was much interest in BTC sports betting. We are glad to report that Bovada (and also Bodog) now also let you withdraw your player funds in bitcoin if you wish. Here's a quick summary of what Bovada offer...
    • United States sports fans can now deposit or withdraw using BTC for free.
    • Before you can request a BTC payout, you need to have made one previous BTC deposit.
    • BTC deposits are processed in minutes but there is a 1 to 3 day timeframe for withdrawals.
    • You will still need to provide some personal information to create an account.
    • Bovada are giving away 3 x $1,000 cash prizes to players who deposit with the crypto-currency.
    • The minimum amount you can deposit or withdraw is $20.


    Last edited: Jun 21, 2017
  2. Smug Satoshi

    Smug Satoshi Member

    Is Bovada restricted in any U.S. states?
  3. Humble Servant

    Humble Servant Active Member Staff Member

    At the moment Bovada accepts players from all U.S. states, with the exception of New York, Maryland, Nevada, Delaware and New Jersey. Sports bettors from those states should try the bitcoin-only bookie Nitrogen Sports as they have far fewer restrictions.
  4. 4TheWin

    4TheWin Member

    Credit Card deposits at Bovada have a 4.9% fee so I switched over to BTC as soon as it became available.
  5. Spud

    Spud Member

    i don't think people really appreciate how good a deal this is. betonline is one of their biggest competitors and they're charging their players 6.5% to deposit with btc and another 2% to make a btc withdrawal. betonline do offer better lines that bovada but there is still no excuse for those fees.
  6. Humble Servant

    Humble Servant Active Member Staff Member

    For Mastercard deposits Bovada charge a 6.9% fee so using bitcoin saves you a lot of dollars every time.
  7. Kaboom

    Kaboom Member

    Even if Bovada charged a couple of percent I'd still use bitcoin. Why would anyone opt to wait weeks for check or bank wire.
  8. Humble Servant

    Humble Servant Active Member Staff Member

    A couple of interesting points that are worth noting that I took from the Bovada bitcoin withdrawal page...
    • Bovada reserves the right to charge a handling fee for withdrawals less than $20.
    • Should you deposit money into your Bovada account and then withdraw it without using the funds at Bovada, there may be a fee charged to cover the actual costs of processing the transactions.
  9. Humble Servant

    Humble Servant Active Member Staff Member

  10. Pony

    Pony Member

    Why did Bovada stop offering poker? They were one of the few reputable online poker rooms welcoming U.S. players so they must have been making a fortune.
  11. Humble Servant

    Humble Servant Active Member Staff Member

    The US government has tougher regulations when it comes to online poker, despite it being a game of skill. Since Bovada is primarily an online bookmaker, I think they decided that it wasn't worth getting shut-down over their poker room. Remember you can now play Bovada poker over at Ignition
  12. Doyle

    Doyle Member

    The only time I use Bovada these days is during the Super Bowl. They offer the best props.
  13. Humble Servant

    Humble Servant Active Member Staff Member

  14. Freddy

    Freddy Member

    That's a pretty good addition. Neither CloudBet nor Nitrogen offer betting on horse racing.
  15. Toast

    Toast Member

    Bovada and Bodog now also offer Bcash deposits and withdrawals although I don't think many people use it. That blockchain is dead.
  16. Terry

    Terry Member

    I'm really surprised that they don't pomote Bcash more when you consider that Calvin Ayre is one of the main men behind the bcash altcoin.

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