Get to know Bitcoin

Our step-by-step visual guide will have you depositing with Bitcoin in no time at all!

  • Bitcoin 101: The Basics

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    Important Reminders:

    • You’ll need to leave the Bovada site to open a wallet and exchange account; bookmark this page so you can return easily;
    • This guide is specific to getting started with Bitcoin (BTC) – similar steps can be followed if you’re using Bitcoin Cash (BCH).

    Here's what you'll need:

    • A Bitcoin wallet – allows you to store your Bitcoin and is where you’ll make transfers to and from Bovada;
    • An exchange account – where you will buy your Bitcoin and convert your winnings back to USD;
    • Government issued ID –verification is required to set up your Exchanve Account;
    • A debit card – the fastest method to purchase Bitcoin;
    • Mobile phone number – wallets, exchanges and Bovada may require this for secure SMS validation.

    What you need to know:

    • Bitcoin and other cryptocurrencies are digital currencies that can be used to make purchases online, including making a deposit to your Bovada account – we’ll show you how!
    • Following our easy-to-use guide will help you avoid fluctuations in Bitcoin value, it’ll be as if you’re depositing with USD directly.

    What are the advantages of using Bitcoin at Bovada?

    • Bitcoin (BTC) transactions are guaranteed – never be frustrated by credit card failures again;
    • Every Bitcoin transaction is free at Bovada – you won’t pay more to deposit or withdraw;
    • Withdrawing your winninges has never been faster – from approval to your wallet in minutes;
    • Bonuses are BIGGER and BETTER with Bitcoin!
  • Opening My Bitcoin Wallet

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    Desktop Wallet: Blockchain       Mobile Wallet: Exodus



    Important Reminder:

    • You’ll need to leave the Bovada site to open a Bitcoin wallet; bookmark this page so you can return easily.

    What you need to know:

    • Opening a Bitcoin wallet is free and takes less than 5 minutes;
    • A Bitcoin wallet stores and allows you to transfer Bitcoin securely;
    • Wallets ensure the security of your Bitcoin and allow you to spend privately.

    How do I know which wallet is right for me?

    • Choose the Bitcoin wallet that suits you best, the options below are those that players have found are the quickest and easiest to set up:
      • ○ For your desktop or tablet, sign up for a Blockchain wallet;
      • ○ For your mobile device, download an Exodus wallet.
  • Opening My Exchange Account

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    Visit Cryptocurrency Help to find an Exchange



    Important Reminder:

    • You’ll need to leave the Bovada site to open an exchange account; bookmark this page so you can return easily;

    Here's what you'll need:

    • Government Issued photo ID* – verification is required upon sign-up.
      • ○ Proof of address may be required if your ID does not indicate it

    What you need to know:

    • Opening an exchange account is free and takes approximately 5 minutes;
    • An exchange is used to purchase Bitcoin (BTC), it’s also where you’ll convert your withdrawal back to USD;
    • Opening an account at an exchange is like opening a bank account – verification is standard;
    • Verification times can vary, but typically only take a couple of minutes, depending on the information requested (ex. The last 4 digits of your SSN);
    • Exchanges will charge a small fee for your transactions – but less than current credit card Fees.*
      • ○ Fees vary depending on the exchange you choose

    How do I know which exchange is right for me?

    • Visit Cryptocurrency Help and follow the specialized CoinCompass; you’ll find the two most popular exchanges in the US for Desktop and Mobile users.
  • Buying Bitcoin With My Exchange Account

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    Important Reminders:

    • You’ll need to leave the Bovada site to buy Bitcoin with your exchange account; bookmark this page so you can return here, for final steps;
    • Debit card purchases of Bitcoin are instant and recommended; a bank account purchase can take several days;
    • For your own privacy and security – do not refer to Bovada or online gaming if prompted to note the reason for purchase;
    • Some exchanges offer many different cryptocurrencies; be sure you’re buying Bitcoin (BTC) or Bitcoin Cash (BCH) to deposit at Bovada.

    Here's what you'll need:

    • A debit card you’ll use to purchase or transfer Bitcoin.

    What you need to know:

    • Steps to purchase from an exchange can be found at the exchange you have chosen;
    • Purchase limits will vary from exchange to exchange, up to $25,000 daily, for verified customers at some exchanges.
  • TRANSFERRING BITCOIN TO MY WALLET

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    Important Reminders:

    • Almost there – you’ll need to leave the Bovada site to transfer Bitcoin from your exchange to your wallet. Bookmark this page so you can return here for the FINAL STEP;
    • Double check the currency before making your transfer (Ex. Bitcoin (BTC) and Bitcoin Cash (BCH) are not the same currency).

    What you need to know:

    • Transfers usually take a couple of minutes;
    • Your wallet may ask you to choose a transaction fee to complete the transfer; adjustments to a lower fee amount can result in a delayed transfer;
    • For an example of how to send Bitcoin from your exchange to your wallet – watch the video above – steps may vary slightly if you use a different exchange;
    • There are no limits to the amount or frequency of transfers between your exchange and your wallet.
  • Making My Bitcoin Deposit At Bovada

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    Important Reminders:

    • Always transfer your Bitcoin to Bovada from your wallet (NOT your exchange), to maintain privacy and security;
    • Double check the currency before making your transfer (Ex. Bitcoin (BTC) and Bitcoin Cash (BCH) are not the same currency).

    What you need to know:

    • Your deposit to Bovada will only take a few minutes before the funds are available in your account;
    • It pays to use Bitcoin at Bovada, take advantage of a Bitcoin Match Bonus to go with your deposit! All bonuses are bigger and better with Bitcoin;
    • Your wallet may ask you to choose a transaction fee to complete the transfer; adjustments to a lower fee amount can result in a delayed transfer.

     

    Welcome to the Finish Line – you stuck with us and are now on your way to becoming a Bitcoin expert!

 

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