Opening an Exchange

A Crypto Exchange allows you to update your cryptocurrency withdrawal into US dollars. You’ll also use your exchange to purchase crypto to deposit with Bovada. Get started by checking out cryptocurrencyhelp for our recommended exchange wallet. Consider the opening of an Exchange account the same as opening a bank account – verification of your identity is standard, so have your Government-issued photo ID handy.

This short video tutorial walks you through the simple process of creating your first exchange account; however, these steps are typical for any recommended exchange you choose.

WHAT YOU NEED TO KNOW:

• Opening an exchange account is free and takes approximately 5 minutes;
• You’ll need to leave the Bovada site to open your Exchange, so bookmark this Help Topic to return to it easily;
• Proof of address may be required if not indicated on your ID;
• 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.

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