03 May Bovada Is Now Bitcoin Friendly!
In an effort to reach a larger audience, Bovada Sportsbook (i.e – Bodog) has recently announced that they have started to integrate the most popular online cryptocurrency, called Bitcoin, into their list of banking options for their online gambling customers. In case you are unaware of the significance of using Bitcoins in onling gambling, this exciting news means that players will now be able to deposit and withdraw from the online sportsbook, casino, and poker room in record time, with minimal fees associated with the transaction! The decision to include bitcoin into their list of banking options doesn’t just help customers either — it helps the affiliates promoting Bovada/Bodog as well. In an email sent to all affiliates on May 1st, BettingPartners, the program that is responsible for the affiliate programs for many of the casinos on the Bodog Poker Network, wrote the following:
We wanted to inform you in advance that, effective June 1, 2016, we will be moving all Betting Partners affiliate payments over to Bitcoin. Bitcoin will be the only payment method available moving forward, no other payment methods will be supported as of June 1st 2016 - Including Player Account Transfer.
No restrictions on the amount you can receive. We can process up to $40,000 per Bitcoin Address. If your earnings are above $40,000, you will be required to provide multiple addresses. However, they will all be processed at the same time, which means no delay in receiving your entire payment.
The minimum payment threshold will be lowered to only $10 USD, which is great news for partners who do not hit the current minimum payment thresholds.
BOVADA BITCOIN FAQ
Is using Bitcoin on Bovada secure? — Bitcoin has gained a reputation as an extremely safe technology with a strong record for security and privacy. Bitcoin does not require you to input any of your personal or private information when making a transaction. All Bitcoin transactions are done using two keys – a public key, visible to everyone, which is your Bitcoin address and a private key that is only known to you. When sending Bitcoin, a combination of your public and private keys together is your signature.
Are there deposit fees using Bitcoin on Bovada? — Bovada does not charge any fees for Bitcoin deposits. You may however have fees from your bitcoin wallet (this is unlikely though).
How do I deposit using Bitcoin to Bovada? — Log in to your account and click on the balance amount on the top-right corner of the page. Select “Deposit” or go to the Dashboard page and click on the “Make a Deposit” button. In the dropdown menu, choose Bitcoin as your method of deposit and enter the amount you wish to deposit. Once you get the Bitcoin address, you have the option to either launch your Bitcoin wallet (if you are on a desktop computer) or scan the QR code with your smartphone and mobile wallet app (if you are on a mobile device). Click on the “I’ve Completed My Deposit” button.
NOTE: Please TRIPLE check your Bitcoin wallet address to make sure it has been entered correctly.
NOTE #2: If you do not have a Bitcoin wallet yet, we recommend using Coinbase.com, currently the most popular free Bitcoin wallet, and Blockchain.info.
NOTE #3: Most Bitcoin wallets do not allow online gambling transactions. That being said, deposit the money first from Coinbase.com to your Blockchain.info account, then deposit it from there directly to Bovada. Lastly, repeat the process when you cash out. Example: Fells Wargo Bank ➝ Coinbase ➝ Blockhain ➝ Bovada.
What are the Bitcoin deposit limits on Bovada? — Players can deposit as little as $20.00, or as much as $5,000.00.
Can I withdraw using from Bovada using Bitcoin? — The option to withdraw from Bovada using Bitcoin is not available for everyone right now. This leads us to believe that only players who have made a deposit using Bitcoin have the cashout method available to them. If you do not have a Bovada Bitcoin withdrawal option, simply email or call Bovada and the situation should get taken care of.
What are the Bitcoin cashout limits on Bovada? — Players can withdraw as little as $20.00, or as much as $3,000.00. Payments are processed within a few hours.
How does Bovada’s decision to include Bitcoin affect you? Bovada has always been a reliable site in terms of payout speeds, but are you more likely to play on Bovada now that the site allows players get their money on and off the site in just a fraction of their previous cashout times?
Does this article inspire you to start grinding on Bovada Sports? In addition to their superior customer service, Bovada also allows bettors to make parlay wagers on all kinds of contests including the 2016 United States Presidential Election, the television show Game of Thrones, and much much more. Check out the Bovada.lv lobby now and place your bets! To visit Bovada, click here!