Bovada add bitcoin as deposit and payout option for USA-based sports bettors

Discussion in 'Mobile Sports Betting' started by Sebastian, Mar 24, 2016.

  1. Sebastian

    Sebastian Administrator Staff Member

    Bovada are known for having one of the highest credit card acceptance rates of any US facing online sportsbook. They are also known for processing withdrawal requests within 10 days. Despite this making a deposit with a credit card issued by a US bank can be a real pain in the ass. Even if your payment request isn't declined, you're still hit with a large processing fee so you lose a few percent instantly. Thankfully Bovada (and Bodog in Canada) are joining the every increasing list of internet bookmakers who are offering bitcoin as a cashier option. Here are a few of the advantages...
    1. Make deposits and withdrawals with complete anonymity.
    2. 100% success rate. No rejected transactions.
    3. Faster payouts. Collect your winnings in less than 24hrs.
    4. Zero or very low processing fees so you have more money in your pocket.
    5. Bitcoin is now easy to buy in the United States at Coinbase or Circle.


    Last edited: Feb 10, 2017
  2. Sally Ann

    Sally Ann New Member

    nice to see bovada join 5dimes and betonline in accepting bitcoin. bitcoin is a godsend for any sports bettors in the united states who've had to wait months to receive payouts from off-shore sportsbooks. you request a withdrawal and the bitcoin is usually in your bitcoin wallet within 24 hours and there's nothing uncle sam can do about it.
  3. Sebastian

    Sebastian Administrator Staff Member

    The plus about making a bitcoin deposit or withdrawal at Bovada is that there is zero fees. If you use a Visa or Mastercard they will charge you 5% so that is a huge saving.

    Betonline charge the same for a bitcoin deposit as they do for a debit or credit card deposit.
  4. Cahill

    Cahill Member

    i've made a couple of deposits and withdrawals at bovada using bitcoin and i'm very happy with the service. bitcoin deposits usually take about 10 minutes while payouts are usually processed in 48 hours.
  5. When you make a deposit using btc at Betonline or Bovada do you still have to contend with the price fluctuations or does it appear as dollars in your account?
  6. Sebastian

    Sebastian Administrator Staff Member

    No. For example, if you deposit $200 worth of bitcoin at Bovada, 200 dollars will appear in your player account. If the following day the price of bitcoin halves, you will still have your $200 in your betting account.

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