How To Withdraw Money From Bovada Bitcoin

' Bitcoin ' as withdraw once every 3 Safe for All Players this Bovada Accepts BTC, preferred way to deposit Timeframe - Help Center Information with a Test your online casino using Bitcoin. If you are Learn how And within A step-by-step guide ( Bitcoin, Bitcoin Cash, it is worth it Check by Courier: Approximately Bovada Casino using bitcoin.

Oleg Tkachenko
2019-12-05 2018-10-23 How to withdraw Bitcoin from your wallet: a guidelineOleg Tkachenko

Bovada Withdrawal Limits and Fees If you withdraw via Check by Courier, you can cash out from $100 up to $3,000 per week. If you have won more than that, you will be paid out in $3,000 increments every 7 business days. Every 90 days, you can request one withdrawal via Check by Courier with no fees charged. If you haven't set up your bitcoin wallet and exchange account yet, watch this video: Bitcoin withdrawal proce.

How to cash out Bitcoin to Fiat: a review of various methods and a manual. How to transfer money out the crypto exchange accounts and wallets by means of exchangers and payment systems

Cryptocurrency exchanges, cloud services, exchangers, payment systems are all engaged into a huge network, called the Cryptocurrency Universe. Applications and wallets, bank cards, accounts of the digital networks, like WebMoney or Perfect Money, all of them make up a system of depositing, exchanging and withdrawing the money. From this review, you will learn how all market participants interact, how to withdraw Bitcoin from the wallet, and if there are any alternatives to the exchanges and wallets.

How to cash out Bitcoin from the wallet

Cryptocurrencies are getting more and more popular as a trading instrument, and there are appearing more and more mediators in the crypto market. The difficulty in the interaction between all market participants is that there are no common rules and no common standard. Each crypto exchange works only with certain payment systems; each exchanger supports only a certain set of cryptocurrencies. The way of depositing and withdrawing the money can sometimes be so complex that investors lose much money due to the commission fees, to say the least. There is no standard scheme how to withdraw Bitcoin from a wallet or an exchange account, because the rules in the crypto exchanges are changing all the time: new schemes are appearing, the commissions are changing, and so on. I’m going to suggest a general manual how to withdraw Bitcoin to the bank card; you are welcome to enrich and extend it in the comments.

How to withdraw BTC to bank card and convert it into Fiat currencies

It can seem that it is more reasonable to describe the way of depositing money, rather than withdrawing it. Before you cash out your cryptocurrency to Fiat, it should be somehow deposited into your trading account. And so, it is the easiest to withdraw it in the same way as you deposited it. But, in fact, it is not that simple. First, it is far easier to deposit the money than to withdraw it. For example, you can transfer a payment of almost any appointment from your credit card, but you can’t receive it. Second, the cryptocurrency may be added to the wallet as a result of mining. That is, there hasn’t been the account depositing, in fact.

First, I’ll describe a general scheme of the relationships between all crypto market participants. There are two ways of storing your coins:

  • Wallets. They are a kind of application, software that is installed on a computer. Cryptocurrency is a kind of code that will be recorded in the application (it is a very simplified outline). There are also online wallets, placed on different services, but you’d better utilize only cold ones, downloaded from the official website of the cryptocurrency developers.
  • Accounts on crypto exchanges. An investor is registered and verified on an exchange and tops up the deposit, depending on the options, available on the exchange. For example, you can just transfer Fiat money from your credit card to the banking details, provided by the exchange. Or, you first transfer it to a digital wallet (WebMoney, Perfect Money etc.), and from the wallet, you transfer it to credit card or cash out via a currency exchange store.

How you can withdraw Bitcoins:

  • Transfer it from exchange to wallet;
  • Transfer it from exchange or wallet to credit card via exchanger;
  • Transfer it to card through the exchange;
  • Transfer it from the exchange or a cold wallet to an account in digital payment systems.

How to transfer Bitcoins to Blockchain Bitcoin Wallet

Blockchain (Bitcoin Wallet) is a Bitcoin wallet, proved by time, that allows storing Bitcoins outside the exchange, on your desktop or a mobile gadget. The first step is creating the wallet:

  • go to the official website of the wallet, blockchain.com;
  • select the operating system, you are going to install application to;
  • click “Create new Blockchain wallet”, enter your email address and the password.

You now have the wallet. I’ll describe how to transfer your Bitcoins to the Blockchain wallet on the Exmo example:

  • Convert all the cryptocurrencies, you hold on the exchange, into Bitcoins
  • In the section “Wallet”, by BTC, click “Withdraw”, fill in all the forms, entering your wallet address.

Exmo and other exchanges also provide withdrawing the money to digital wallets or directly to a cash card. For example, before you transfer Bitcoins to the bank card, you need to exchange them into U.S. dollars or the currency you need; next, you choose the withdraw method, Visa/MasterCard, and enter the card information. After the transaction has been formed, you’ll receive the confirmation email. The money will be transferred to your card in the period from a few hours to three days since the confirmation.

How to transfer Bitcoins from the Blockchain wallet (Bitcoin Wallet) to the card via exchanger

You can cash out cryptocurrency from the cold wallet with any e-currency exchanger; there are a few hundreds of them. That matter is how to avoid scammers and reduce commission costs. I suggest you use the monitoring website bestchange.com. It provides a list of reliable exchangers with the comments by real investors.

How you withdraw BTC to the card:

  • On the left panel, you select a cryptocurrency to withdraw and a particular direction: Visa/MasterCard, QIWI, etc. On the left panel, there will be the list of exchangers that support the transaction.
  • On the exchanger website, you check the reserve available (if you exchange BTC fro another cryptocurrency) and study the FAQ section.
  • You select the exchanger, based on the following parameters: commission fees and exchange rates, official ranking of the exchanger wallet (BL - for WebMoney, TS - for Perfect Money), the mode of exchange (manual, semi-automatic, automatic), and go the website of the exchanger.
  • You must register on the site. Next, you enter the account number or the card number, the money is to be transferred to.

The transaction speed is different. A fast or instant transaction is considered to be within 10-15 minutes; but it may take a few days. By the way, this monitoring provides withdrawing money through exchangers directly from EXMO, avoiding wallets.

How to transfer Bitcoin to a cash card, Visa, MasterCard, and digital wallets

The most common E-wallets are: WebMoney, Qiwi, Perfect Money. You transfer cryptocurrency to e-wallets in the same way as to cold wallets or cards. The differences are whether you need verification at the moment of withdrawing or not, the commission amount and whether an exchange (or exchanger) provides it. The same is with cash cards. On the website of an exchange or exchanger, you select the corresponding option and enter the banking information.

Conclusion. All these methods are quite easy. When you have just learnt about the schemes of the money transfers, you may be confused; but exchanges, exchangers and wallets provide a clear interface, simple, intuitive navigation and instructions for converting. And the general scheme of cryptocurrency withdrawing has been described in the article. But there are still some difficulties, you will sort out after some practice:

1. The more mediators are in the network the higher the risk is to lose your money:

  • Before you transfer the cryptocurrency from the Bitcoin wallet, find out, whether it is available in the payment system itself. For example, PayPal often blocks any transactions in cryptocurrencies. At best, the payment won’t be transferred to the card; at worst, the entire account will be blocked.
  • Check the reliability of the exchangers, you work with. Scammers often pretend to be exchange services. Investors transfer the money, but they don’t get Fiat for various reasons. It can be the topic of a separate article, how to choose the right exchanger.
  • Remember, that crypto exchanges’ accounts can be hacked, or there can be a network failure. And there is nobody to address; there are no courts, regulators or ombudspeople in the cryptocurrency world.

2. The more there are mediators, the more commission fees are. Wallets, exchanges and exchangers work with a certain number of partners. For example, to transfer the money to the card, you may need a chain, like “Exchange- Exchanger A - Exchanger B”. There is often a problem of not how to withdraw Bitcoins from a wallet, but how to do it with minimum risks and costs.

A far more convenient alternative is trading cryptocurrencies in Forex. Brokers usually provide over 12-15 methods to withdraw the money without any side intermediates. Even though, brokers don’t provide withdrawing real cryptocurrency to the wallet, this option is still more reliable and less costly, in terms of commission fees. I suggest you study it in more detail, reading the terms for trading major cryptocurrency pairs on LiteForex website. Crypto exchanges, wallets or Forex: what would you chose for investment?

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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Here you will find all the information you need on how to deposit Bitcoin on Bovada and how to withdraw it. Enjoy some of the most lucrative bonuses on from the casino that accepts American players and lets them gamble with Bitcoin!

A warm welcome to all of our American readers.

Today’s article is for you as we are going to take a look at an online casino known for its great features and amazing bonuses. The name of this casino and Sportsbook is none other than Bovada.

So, is this casino “America’s No.1 online casino and Sportsbook” as their fame suggests?

How to deposit Bitcoin on Bovada and how can you enter their incredible poker room? These are all questions that are going to be answered in this article so be sure to stick around until the end.

What Does Bovada Have To Offer?

Well, the selection of games is excellent and all of the titles on their website is provided by three industry-leading software providers called Betsoft, Rival, Real Time Gaming!

What can you find on their site?

First of all, you will find the Sportsbook which is also their biggest attraction as most of their users spend their time there. A wide variety of sports is covered and there are countless betting options and special betting opportunities.

How To Withdraw Money From Bovada Bitcoin Halving

The same goes for their Racebook (Horse Racing) as well. Then you have the casino section where you will find a plethora of slots, table games, Blackjack, speciality games, and Video Poker titles.

Last is the Poker room but before we talk about it let’s take a look at the banking options available on Bovada and the bonuses they provide.

How to Create a New Account with Bovada & Deposit Options

Bovada Banking

This section is divided into two parts, depositing and withdrawing. You came here to learn how to deposit Bitcoin on Bovada so this will be the first thing we tackle.

1. Deposit

Just like Bovada advertises “Bitcoin is the cheapest deposit option at Bovada, making it the premier way to get your money in” but how can you actually do that?

First, you would have to purchase some of the cryptocurrency but before you did that you should get a cryptocurrency wallet.

Personally, we would recommend that you use one of the free cryptocurrency wallets provided when you purchase Bitcoin from one of the major exchanges such as Coinbase, CEX.io, or Binance.

Of course, all of those serve United States citizens as well. Bovada themselves recommendBreadWallet.

So after you get some Bitcoin you can select to store them in your private cryptocurrency wallet by using your unique address (This will look something like this: XX98BTCEKSDAXCA35B), such as Ledger Nano S or TREZOR.

You don’t have to be afraid of depositing in a wrong one as the address is unique for each wallet.

After you fund your wallet, you can then proceed to use it in order to deposit Bitcoin to your Bovada account.

You can do that in three different ways.

  1. You can copy their Bitcoin address and send money directly to them.
  2. You can launch your cryptocurrency wallet through a simple method they provide where with a click of a button the wallet interface will start up and you can deposit money that way. These two ways sound similar but they actually are completely different.
  3. Scan the QR code they will provide you with your smartphone or tablet and just input the amount you want to deposit.
How to withdraw money from bovada bitcoin wallet

However, when depositing for the first time you should remember to use the promotional code if you want to claim a bonus that is.

That changes though when using a credit card. In that case, only the first deposit is free of charge and any subsequent ones come alongside a 5.9% fee.

Keep in mind that you may encounter some extra small charges when depositing with either option.

How To Withdraw Money From Bovada Bitcoin

Bitcoin ones are usually only a few cents and you won’t probably have to pay even that unless you want your transaction to be completed faster.

For credit cards, it is common for currency conversion processes to add a 3% additional fee.

When depositing with Bitcoin the minimum amount is 10$ and the maximum is 5,000$.

When depositing with a credit card the minimum amount is 20$ and the maximum is 1,500$.

2. Withdrawal

Just like before, you can withdraw your money either by using Bitcoin or Check by Courier.

How To Withdraw Money From Bovada Bitcoins Account

When it comes to the fees though, Bovada isn’t that great as they will only cover one deposit made every 3 months. Each additional one in this time window will have to go through a 100$ processing fee.

When using Bitcoin you can withdraw once every 3 days. The minimum withdraw amount is 10$ and the maximum is 9,500$.

If you like playing with real currencies then you can make only one withdrawal per 7 days. The minimum withdraw amount is 100$ and the maximum is 3,000$.

However, this doesn’t apply to Bitcoin transactions as all of them, no matter whether it is a deposit or a withdraw, are totally free!

Now you can understand why Bitcoin get so much promotion on the site of Bovada!

How To Withdraw Money From Bovada Using Bitcoin

Bovada Bonuses

As this article is about how to deposit Bitcoin on Bovada we are only going to mention the Bitcoin bonuses.

You should know that the Poker bonuses may not be applicable when using Bitcoin.

We also have an article about Online Poker Bitcoin Bonuses in case you are looking specifically for this information.

However, you can either deposit Bitcoin in the casino or the Sportsbook.

If you deposit in the casino you will get a 150% match bonus up to 1,500$ which is redeemable up to 3 times. In order to get it, you must use the promotional code “BVCBITCOIN150”.

The rollover requirements are 5 times for the Sportsbook/Racebook and 30 times for the Casino and it applies both to the initial deposit and the bonus amount.

If you deposit in the Sportsbook you will get a 50% match bonus up to 500$ which can be applied only once. Use the promotional code “BVSBITCOIN50”

This option comes with a playthrough of 25 times which can only be used in the casino and it applies to both the deposit and the bonus amount.

The Poker rewards are based on the amount of Poker Points you earn while playing. Every time you reach a specific amount a cash bonus will be given to you and there isn’t a rollover requirement applied to those.

Bovada Poker Room

Just like we previously promised you, here is the part where we will talk about the Poker room.

You can download the lightweight client on your computer but you can also access Bovada’s games through your smartphone or tablet’s web browser without needing a dedicated app to do so.

The Poker tables are very well optimised and the way they are laid out makes playing on them an enjoyable and hassle-free experience.

However, don’t you think that this Poker room is for everyone as the bets aren’t as low as you would think.

In fact, the minimum bet you can place is 1$ and it’s pretty needless to say that this is just the starting bet and it can go up very fast and easily.

So if you don’t have at least 50-100$ deposited don’t you even think to join the tables.

However, regular Poker tables aren’t the only thing you will find in that section.

There are countless Jackpot Sit n Go tournaments being held on a regular basis.

There are various “Nightly Majors”, as the site calls them, tournaments held every day of the week with buy-ins as low as 11$ and prize pools that can reach the 25,000$ mark!

In fact, there is a guaranteed 1.5$ million total prize pool for all the Poker tournaments held every week on Bovada’s platform.

How To Withdraw Money From Bovada Bitcoin

Some tournaments like the one that is hosted every Sunday afternoon at 4 PM (ET) has a 100,000$ prize pool!

New types of tables are added every now and then.

One of the latest features to get implemented on the Poker room is the “Quick Seat” which enables you to quickly change between playing on one to another table so fast that the transfer is usually seamless.

How To Withdraw Money From Bovada Bitcoin Wallet Card

Conclusion

Now that you know how to deposit Bitcoin on Bovada and how the bonus system works you should be good to go and start gambling on their site.

Be sure to use the cryptocurrency we talked about and to check out their Poker room as it simply is amazing.

How To Withdraw Money From Bovada Bitcoin Winnings

Read more about other cryptocurrencies you could use to play poker onlineand visit our Bovada Review for more detailed information!

Now go on and claim those beautiful Bitcoin bonuses so you can get cracking. Good luck!