How do I withdraw with a cryptocurrency? (Bitcoin, Litecoin, etc.)
What are my cryptocurrency withdrawal options?
At Bovada, we are constantly exploring new withdrawal methods to ensure you have as many options as possible to get your hard earned cash into your pocket.
We also have an expanding number of cryptocurrency options, the most reliable way to receive your payout. Based on eligibility, you may see the following cryptocurrency options on your withdrawal page:
Bitcoin (BTC) | Bitcoin SV (BSV) | Bitcoin Cash (BCH) | Litecoin (LTC) | Ethereum (ETH) | USD Tether (USDT)
How do I withdraw using cryptocurrency?
If you’re new to the world of cryptocurrency, we’ve got you covered – just check out the video below to get started.
If you’re already familiar with cryptocurrency, scroll to STEP 3 for the easy-to-follow withdrawal instructions.
STEP 1: Setup/open your Digital Wallet.
STEP 2: Open your Exchange Wallet. No exchange? Click here to visit CryptoVantage for a list of recommended exchanges, and here for help getting started.
- For a list of recommended exchanges offering BSV, please click here.
STEP 3: Transfer from Bovada.
- In your Digital Wallet, select the cryptocurrency you’re looking to withdraw (Bitcoin, Bitcoin SV, Bitcoin Cash, Ethereum, USD Tether or Litecoin), then click ‘Receive’.
- Now copy your wallet address precisely from your Digital Wallet. IMPORTANT - to ensure a successful withdrawal request, ensure the wallet address you are entering is unique and has not been used previously on the Blockchain.
- Return to the Bovada website and paste your wallet address in the ‘Your Wallet Address’ field provided. Next, simply enter the amount you want to withdraw in USD.
- Once we've received your withdrawal request, expect the funds to arrive in your Digital Wallet within approximately 24 hours.
When your funds arrive in your Digital Wallet, immediately send them to your Exchange account and convert to USD, as exchange rates do fluctuate.
PLEASE NOTE:
- Always double check the cryptocurrency you are sending before making the transfer as they are NOT interchangeable (Ex. Bitcoin and Bitcoin Cash are not the same currency). Sending one type of cryptocurrency to a different cryptocurrency's address will result in a loss of funds.
- We're unable to process crypto withdrawals until all respective crypto deposits have been confirmed on the Blockchain Network. Once the deposit has been confirmed, we'll be able to process your request.
- You will need to generate a new wallet address for each withdrawal request, even if the most recent attempt has failed. Any addresses entered in our system will become unusable after that attempt.
- When transferring funds between accounts, marginal fees may be deducted from your balance by the wallet provider. These fees are typically under $1.00USD; however, if there's congestion on the Blockchain Network, higher fees may be required to complete your transaction.
- After your withdrawal is approved, it'll take up to 24 hours to receive your Bitcoin (BTC) and only 1 hour using Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), USD Tether (USDT) or Bitcoin SV (BSV).
- While Bovada does not typically charge fees on crypto withdrawals, all deposits must be wagered completely before any winnings can be withdrawn. By not meeting this requirement, your withdrawal may be subject to cancelation at the discretion of our Withdrawals Team and return of funds to your account balance.
- Litecoin was designed for faster transaction times compared to any other cryptocurrency.
- Most wallets and exchanges support Litecoin, but for safe and easy transactions, we recommend Coinbase and Exodus.
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