One of the largest gambling sites in the world just made its huge user base very happy. Bovada, an online sports betting and casino website based out of Costa Rica, had cryptocurrency (Bitcoin, Bitcoin Cash) among deposit options in their casino since 2017. But recently they started allowing users to cash out funds to bank account using Bitcoin and Bitcoin Cash.
Bovada is one of the safer and truly legit gambling sites that is also legal for US residents. They offer an abundance of gambling options — whether it be slots, horse racing, blackjack, esports — they have it all.
Bovada has four withdrawal options: Bitcoin, Bitcoin Cash, wire transfer, and check.
The wire transfer option has a withdraw limit of $1,500, so it’s not for most people. Courier checks have a minimum withdrawal limit of $100 and is free if used only once every 90 days.
However, the preparation and delivery take 15 business days. That’s why Bitcoin and Bitcoin Cash is a more attractive option.
Withdrawing funds to bank account is way faster using Bitcoin. In order to withdraw funds using Bitcoin, you’ll need to download and use two free apps on your phone: a digital wallet and a crypto exchange. BlockChain Wallet and Coinbase are a good pair to start with.
One you have the apps, you need to withdraw funds from Bovada to the wallet. Once your transaction is verified, send funds to Coinbase. Then exchange Bitcoin for USD and you are ready to withdraw funds to your bank (or PayPal). It’s much faster than check, the transfer from Coinbase to a bank account only takes 1-2 business days.
What’s more, Bovada members can get a Bitcoin Welcome Bonus of $5,000 and a 50% Bitcoin Match bonus up to $500 to bet on sports.
The $500 bonus code BVSBITCOIN50 can be redeemed once per player on their first Bitcoin Deposit. If you plan on getting this bonus, pay attention to the following special conditions. Bonus is only eligible for use in Sportsbook, Racebook, and Casino. It is not available for Poker and cannot be used for play on Live Dealer games. Bovada allows to use the bonus on any sport, wager type and odds, but remember that only activity following code redemption counts towards fulfilling the bonus requirements.