How do I deposit with a cryptocurrency? (Bitcoin, Litecoin, etc.)
What are my cryptocurrency options?
At Bovada, we are constantly exploring new deposit methods to ensure you have as many options as possible to stay in the action.
We also have an expanding number of cryptocurrency options, the most reliable way to fund your account. Based on your account eligibility, you may see the following cryptocurrency options on your deposit page:
Bitcoin (BTC) | Bitcoin SV (BSV) | Bitcoin Cash (BCH) | Litecoin (LTC) | Ethereum (ETH) | USD Tether (USDT)
How do I get started with cryptocurrency?
If you’re new to the world of Cryptocurrency, let us guide you through your first deposit in 5 easy steps. The steps you’ll need to follow to get started will be the same no matter what cryptocurrency you choose.
If you're already a user of cryptocurrency, skip to Step 5 to learn how to make a deposit to your Bovada account.
For eligible players, use these steps with Bitcoin SV or Litecoin for even faster and more secure crypto deposits!
STEP 1: Setup/open your Bitcoin Digital Wallet. A wallet is where you will hold your cryptocurrency to easily deposit directly to Bovada. Learn More.
STEP 2: Setup/open your Exchange Account. Check out CryptoVantage for recommended exchanges. Learn More.
- For a list of recommended exchanges offering BSV, please click here.
STEP 3: Purchase cryptocurrency using your newly created Exchange Account. If you choose, you can link your debit card to your exchange. Learn More.
STEP 4: Transfer cryptocurrency to your Bitcoin Digital Wallet, in three easy steps. Learn More:
- Select ‘Withdraw’ or ‘Send’ inside your Exchange Account
- Paste/scan your cryptocurrency's Digital Wallet address into the box provided
- Press ‘Receive’ in your Bitcoin Digital Wallet
Note: Before making a new cryptocurrency deposit, ensure that you generate a new wallet address prior to completing your deposit.
STEP 5: Transfer to Bovada. See how here!
Important Reminders:
- 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.
- If you’re not using the QR code, ensure the generated address is copied exactly as shown. An incorrect address may result in loss of funds.
- Bovada does not charge any fees for deposits made with BTC, BSV, BCH, ETH, USDT or LTC however, you may see marginal fees charged by the wallet provider. These fees are typically under $1.00USD.
- When depositing with BTC, BSV, BCH, ETH, USDT or LTC, we require one confirmation on the Blockchain prior to posting the funds to your account; If the funds aren't posted after one confirmation, the transaction will need a minimum of 6 confirmations for it to be posted to your account - on average this can take approximately 15 minutes, however it could take longer when the network congestion is high. For faster cryptocurrency transactions we suggest Bitcoin SV and Litecoin.
- Please ensure you are ONLY sending Thether (USDT ERC-20) to the wallet address provided on the cashier page for USD Tether deposits. Sending Bitcoin Cash (BCH), Bitcoin SV (BSV), Ethereum (ETH) or Litecoin (LTC) to that address will result in a loss of funds.
- 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.
How To Get Started – Six Part Video Series
RELATED TOPICS
Did you find what you were looking for?