Crypto Sports Betting at Bovada

Crypto Sports Betting

With crypto’s surge in popularity over the past few years, more and more people are looking to start crypto gambling. While online sports betting has been around for some time, the introduction of cryptocurrency deposits has already had a major impact on the habits of bettors. As an industry-leader, Bovada Sportsbook accepts a wide range of digital currencies and is your best option when it comes to crypto sports betting.

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What is cryptocurrency?

The concept of cryptocurrency may seem complicated, but it’s actually fairly straight forward. Cryptocurrencies are essentially a digital asset that function through blockchain technology. Cryptocurrency is decentralized, meaning you can facilitate transactions without the need for a central authority like a bank. Unlike coins or paper money, crypto has no corresponding physical component.

Advantages of Crypto Sports Betting

With so many benefits connected to crypto sports betting, an increasing number of bettors are switching over from traditional fiat deposit methods. Here’s a look at just a few of the advantages associated with making a crypto deposit at Bovada:

  • Bigger Bonuses

Bovada offers tons of bonuses, but they get even bigger when you deposit with cryptocurrencies like Bitcoin. With Bovada’s Bitcoin Welcome Bonus, you can score $5,000 in free bonus money over the course of your first 3 deposits

  • Faster Deposits

If you’re racing to make a deposit before game time, crypto is your best bet. As the fastest way to make a deposit at Bovada, your funds are exchanged into US Dollars and, in 99% of cases, is available for play within just 60 seconds.

  • Lower Fees

Crypto transactions include far less fees when compared with most fiat currencies and traditional deposit methods. Instead of losing a small part of your cash to these transaction fees, depositing with crypto can help you save money.

  • Guaranteed Transactions

While many credit card companies restrict online deposits, digital currencies like Bitcoin have a 100% success rate at Bovada. This means that you can be sure your transactions will be approved and the funds will be placed in your account every time.

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How to Acquire Cryptocurrency?

If you’re new to cryptocurrency, follow these four simple steps to get your hands on some crypto of your own:

  • Step 1: Setup/open a digital wallet. This is where you’ll hold all your crypto before depositing directly into your Bovada account.
  • Step 2: Setup/open your exchange account. Check out CryptoVantage for recommended exchanges.
  • Step 3: Purchase one of Bovada’s accepted cryptocurrencies using your newly created exchange account. If you prefer, you can link your debit card to your exchange.
  • Step 4: Transfer the cryptocurrency to your digital wallet with the following steps:
  • Select ‘Withdraw’ or ‘Send’ inside your exchange account.
  • Paste/scan your cryptocurrency’s digital wallet address into the box provided.
  • Press ‘Receive’ in your digital wallet. (Note: Before making a new cryptocurrency deposit, ensure that you generate a new wallet address prior to completing your deposit.)

How to Deposit Crypto at Bovada

As a leader in online crypto sports betting, Bovada is always on the lookout for new cryptocurrencies. As the most efficient and reliable way to transfer funds into your Bovada account, crypto deposits are available in the following digital currencies:

  • Bitcoin (BTC)
  • Bitcoin SV (BSV)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • USD Tether (USDT)

Now that you’ve gotten your hands on some cryptocurrency, it’s time to send the funds over to your Bovada account and start crypto sports betting! Follow these five steps to deposit crypto into your Bovada account:

  • Step 1: Start by selecting the cryptocurrency you purchased from the deposit options to generate both a cryptocurrency address and a QR code.
  • Step 2: Inside your digital wallet, press ‘Send’.
  • Step 3: Scan the QR code or copy/paste the address generated from the Bovada cashier page to the field provided in your wallet.
  • Step 4: Choose the amount you wish to deposit and click ‘Send’.
  • Step 5: A confirmation screen will appear. Review the address and make sure it’s the same as what is shown on the Bovada cashier page, then click ‘Send’. Within approximately 15 minutes, your funds in USD should show in your Bovada account balance.

This brief video tutorial will guide you through the steps above and get you ready to start crypto sports betting at Bovada in no time!

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Once you have deposited your crypto into your Bovada account, it will immediately be converted into USD. Then, you can begin betting on whatever sports you would like. Bovada prides itself in offering tons of sports markets that you can bet on including NFL, NBA, MLB, NHL and more. Whatever you are looking to bet on, Bovada has it. If you are new to Bovada, then be sure to sign up today. Once signed up, you can begin crypto sports betting in no time! You can also enjoy playing at our online crypto casino. Here you can enjoy playing tons of online casino games including Hot Drop Jackpots, slots and blackjack!