Best Bitcoin Wallet For Bovada

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1. Best Bitcoin Wallet For Bovada
2. Best Bitcoin Wallet For Bovada Reddit
3. Best Bitcoin Wallet For Bovada

• Bovada – Best Bitcoin Sports Betting Site Bovada is unique because it is one of the few trusted sportsbooks that accepts BTC. It's a superb option for players that get their thrills from.
• Sports bettors and poker players are saving 5% to 7% every time they use bitcoin to make a deposit at 5Dimes, Americas Cardroom, Bovada, BetOnline and more. This is a major headache for many US based web wallets because U.S. Regulations do not permit financial transactions to off-shore gambling sites.

I hope you learned something in this article! You're now a bitcoin gambling wallet pro! If you're ready to start using BTC to bet on your favorite sports, I strongly recommend sticking to these top sportsbooks that accept Bitcoin: Bovada Sportsbook – Deposits and withdrawals in BTC. They offer bigger bonuses for bitcoin at bovada. Nothing beats the security and privacy of Ledger Nano X hardware wallet. In my testing, this turns out to be the best Bitcoin wallet that ensures maximum privacy. This hardware wallet is available to be purchased from Amazon or official ledger site. Here are some of the features of Ledger Nano X wallet: Hardware wallet; Create unlimited Bitcoin.

The strict online gambling regulations in the USA make the life of local players tough.

Fortunately, there are some gambling sites on the internet that are safe and accept US customers.

One of the best of them is Bovada. Among the many reasons I like the site so much is the opportunity to use cryptocurrencies and Bitcoin, in particular.

This is one of the fastest and most reliable payment options for US players. If you haven't tried it before, I think you should give it a shot.

This post will help you learn more about depositing at Bovada with Bitcoin and the exclusive BTC bonus for new customers.

Also, I will share some recommended wallets for crypto and look at other US betting sites that accept Bitcoin.

Let's start with a simple explanation of how to join Bovada and make a deposit with Bitcoin.

If you don't have an account with Bovada, the first step would be to join the site. Please click here to get started. Orread our Bovada review if you want to know about the site first.

Once you're on the site, you can start the registration process via one of the many 'Join' and 'Join Now' buttons on the home page.

You will be required to fill in some personal information like your name, address, email, country of residence, and similar. You also need to pick a password that you will later use to log in.Make sure to make it complicated so that no one can guess it.

The first thing that will happen after you open a new account is that Bovada will ask you to pick a 4-digit PIN that will be used to verify you later on when you decide to request a withdrawal.Make sure to remember the one you fill in.

Once you're done, it's time to visit the deposit section. You can do that by clicking on your balance in the top right corner of the screen. A huge 'Deposit' button will appear, and it leads youto a screen where you can pick the payment provider you wish.

Bitcoin is on top of the list, so click on it. The next step is to get the Bitcoin address generated by Bovada and send BTC from your own wallet. If you don't have one, I will share a couple ofrecommendations for a reliable option later in this post.

Within a minute after you send the money, it will appear in your Bovada account. You shouldn't forget to take full advantage of the $5,000 Bitcoin bonus of the gambling site.

The biggest welcome bonus of Bovada is for Bitcoin users. You can get up to $5,000 in free cash on your first four BTC deposits.

Bovada will give you a 50% first deposit bonus of up to $500 when you add funds with Bitcoin for the first time. This means that a deposit of $1,000 will be enough for you to claim the fullamount.

There are certain terms and conditions you should be aware of. The Bitcoin bonus is available for the Bovada sportsbook, racebook, and casino. You can't use it on the poker tables.

You need to wager the bonus 5 times in the sportsbook or the racebook. If you decide to use it in the Bovada Casino, you have to wager the Bitcoin bonus 30 times.

If you request a withdrawal before meeting the wagering requirements, you will lose the Bovada bonus.

If you are a casino player, you can have another three Bitcoin Bovada bonuses. Each of them is worth 100% of your deposit of up to $1,500 and can't be used in any of the other sections of Bovada.

The following terms and conditions apply.

• Only deposits of $1,000 or more qualify for the Bovada Casino Bitcoin bonuses
• You need to wager every bonus 25 times prior to withdrawal
• Only slots and specialty games contribute 100% of the stakes placed towards the wagering requirements. Bets on products from other categories count for up to 20% of the value
• Bets on live dealer games and craps don't count towards the wagering requirements
• If you request a withdrawal before clearing a bonus, you lose it, as well as the winnings from it

If you are not entirely sure if you should use Bitcoin for betting online, you should learn the advantages and disadvantages of the cryptocurrency. Let's start with the positive sides.

Using Bitcoin is one of the fastest ways to withdraw your money from almost every betting site on the internet, and Bovada is not an exception. You can get your cash within 48 hours most of thetime, which is superb, especially for the USA.

Compare that to the 3-14 business days required for most of the other popular options, and you will see what I mean. If you want fast payouts, Bitcoin can certainly deliver.

Some of the banking methods available at Bovada come with fees. That's not the case with Bitcoin.

The gambling site covers all the fees for the transactions, so both the deposits and withdrawals are free for the users.

There's no full anonymity, but Bitcoin allows many options for more privacy in comparison to other payment providers.

The decentralized nature of the cryptocurrency means that every transaction remains in the blockchain, but there are no institutions like banks and governments that keep a detailed record ofevery person.

While I see Bitcoin as a mostly positive experience, there are certain downsides of using the cryptocurrency.

The exchange rate of Bitcoin is constantly going up and down. While you could control that to an extent by using wallets that support fiat currencies too, you can't completely nullify thevolatility.

For example, you may place a bet, win it, and still lose value because the price of Bitcoin has dropped in the meantime.

On the bright side, the opposite could happen, too. You might actually end up winning way more thanks to the nature of the currency.

While Bitcoin is no longer some shady concept that is unknown to the masses, it's still a bit complicated for most users. Understanding how everything works might be difficult for a lot ofpeople, so it would take time and energy to learn how to operate with Bitcoin.

The good news is that some of the wallets I recommend in the next section are among the easiest to use out there. If you think that would be important for you, make sure to check them out.

Recommended Wallets for Depositing Bitcoin at Bovada

Some of you probably already have a wallet for Bitcoin, so you don't really need help in this regard. Others might just be entering the world of crypto, so it would be a good idea to receive sometips first. I will share a couple of reliable wallets but also explain how I selected them.

This will help you find one on your own if you prefer to conduct separate research.

Let's start with some general advice for picking a Bitcoin wallet for gambling purposes. I always explore the following aspects of any service.

• Safety
• • You should always pick companies that can be trusted. The safety of your money is the top priority of the selection process, so make sure to check the reputation of each wallet and theexact way the information is stored and protected

• User experience
• • One of the downsides of using crypto is that it's not exactly a piece of cake for beginners. Fortunately, most wallets nowadays are much easier to use compared to a couple of years ago

• Country
• • Using Bitcoin for gambling purposes from the USA could be an issue. If the wallet you are using is owned by a company in the US, it might be monitoring your activities. A lot of peoplehad their wallets shut for that reason. There are plenty of legit wallets based in countries where crypto is a grey area. I recommend that you stick to them, and there will be no issues

• Fiat currencies
• • One of the biggest downsides of using Bitcoin for gambling purposes is the high variance in the price. It goes up and down constantly. If you want to avoid big losses, you should pick awallet that lets you keep your money in a fiat currency like US dollar or euro. That way, you won't care what's going on with the price of Bitcoin

If you want to learn more details about the different types of wallets, I recommend that you visit the page below. It features plenty of useful information on the topic.

Before I move on to my actual recommended Bitcoin wallets for betting, I would like to share a couple of words about the different types you could get. They all have their advantages anddisadvantages.

• Web wallets
• • As the name suggests, you can go to the internet and find various sites that offer such a service. Some have a cloud-based platform, while others are basically exchanges that includewallets to their service. They are easy to use and require less time, but the security level is lower compared to some of the other options

• Desktop wallets
• • Another solution would be to download a desktop wallet. You simply need to install additional software to your computer. While people believe this is a safer approach compared to webwallets, you need to secure your computer well if you pick a desktop wallet

• Mobile wallets
• • You could also use a mobile app that would serve as your wallet. The logic is similar to desktop wallets, but this time, you add the software to your phone or tablet instead of yourcomputer

• Hardware wallets
• • The most secure way to store Bitcoins and other crypto would be to use a hardware wallet. That's an external device that holds all of the information offline. You can connect the deviceto a computer when you need to move your money, but that's it. The extra security comes at a cost, though, as the hardware wallets are the most expensive and rather hard to use

My recommendation to beginners would be to try one of the first three types of wallets first. If you like Bitcoin and you decide to invest more for some reason, explore the hardware options.

I will share my top choice for each group above, though, so it's up to you. All of the recommended Bitcoin wallets can be used to deposit and withdraw from Bovada and other online bookmakers thataccept Bitcoin.

Let's start with my recommended web Bitcoin wallet for gambling purposes. A lot of people think Coinbase is the place, but not for US players. You will most likely get your wallet closed, as thecompany is based and regulated in the USA.

Instead, you could give GreenAddress.it a shot. The platform is easy to use and has a flawless reputation. It's one of the best for beginners out there, and there are some extra layers ofsecurity such as two-factor authentication options, the option for a hardware wallet, and others.

If you are looking for a solution that's easy, safe, free, and fast, GreenAdress.it is a solid choice.

I was a bit torn on which desktop wallet to recommend, but Electrum gets the nod. It's one of the safest desktop wallets thanks to some excellent encryptions and other measures designed toprotect your money. For instance, you can use a second computer that stays offline as storage.

At the same time, Electrum is completely free and one of the easiest desktop Bitcoin wallets to use. Even people with no experience with crypto should be able to quickly learn how to comfortablyhandle the software.

The good news is that Electrum is also available on iOS and Android. Feel free to visit the website of the wallet and learn more foryourself.

There are plenty of options on mobile, but I like Mycelium the most. That's one of the earliest mobile wallets for Bitcoin out there. Initially, it was only available on Android, but you can nowuse it on iOS too.

Mycelium offers multiple features that provide security to your account. A good example is the 'Watch Only' mode that allows you to view all activities while the transactions are disabled.

One of the downsides of Mycelium is the outdated design, but the user experience is still decent, and the app is certainly among the best mobile Bitcoin wallets on the market.

You can see the download options here.

The undisputed leader among hardware Bitcoin wallets is Trezor.io. If you want the best and most secure option on the market, that's it. You can buy the device from various places, includingAmazon. It's the only paid option on my list, but it's worth the $70-80 you have to spend.

The Trezor.io device can be connected to Windows, Linux, iOS, and Android, so you can use it with pretty much every mainstream OS out there.

Another advantage is the encryptions implemented by Trezor.io that make sure your password is secure. You can easily restore your money if something happens, too, so this is the full package.

If you want one, Amazon is one of the places you can get it.

Other Betting Sites That Offer Bitcoin to US Players

Bovada is my top choice for a betting site that works with Bitcoin and accepts US players, but there are other trusted sportsbooks that do the same.

All of them offer a reliable service and a bunch of gambling products, including a sportsbook, a casino, and a racecard for horses.

If you have never tried Bitcoin for sports betting and you are in the USA, you are missing out. The cryptocurrency provides a reliable and fast way to gamble online.

I would recommend you to at least give it a try. Bovada is probably your best option, but the other gambling sites mentioned here would be an excellent choice too.

• Betting Type

Betting on sports using Bitcoin has become a lot simpler than you can imagine. Recently, sportsbooks have been more accepting of Bitcoin bets and even give out larger bonuses for users who use cryptocurrencies, opposed to those who stick to traditional currencies. It's also much nicer being able to both play and win in BTC.

We list the Top Bitcoin Sports Betting Sites

#1 – Sports Betting

A global leader in offering world class sports betting, they offer multiple cryptocurrency deposit options including Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Ripple (XRP) and Stellar (XLM). They offer betting on virtually every major event including NFL, NBA, NCAA basketball, NCAA football, UFC, MLB, boxing, golf, tennis, etc.

#2 – Bet Online

Bet Online has an impeccable reputation and they have achieved this by offering some of the best customer service in the world, along with great odds. You can wager in Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Ripple (XRP) and Stellar (XLM). They offer options to wager on nearly any sporting event that you can think of. They also offer all new players a generous sign-up bonus. Also check out the great casino games.

#3 – Cloud Bet

If you are looking for a safe and reputable bitcoin casino with multiple betting options, including sports betting and esports this is your best option.

You can literally bet on every major sporting event including NFL & NCAA football, NBA & NCAA basketball, MLB, NHL as well as boxing, rugby, MMA, and much more.

This is by far the best bitcoin focused sportsbook.

USA Prohibited.

#4 – Bovada

This is one of the oldest sports books in the world, and they were also one of the first to focus on offering bitcoin deposits and withdrawals. A clear favorite Bovada offers betting on all of your favorites sports, they also offer a world class casino, poker rooms, live dealers, and much more.

#5 – GT Bets

This is another solid option for players who are want to wager on sports using Bitcoin (BTC) or other cryptocurrency. This is a smaller outfit than the others that we recommend, the benefit of this is they really go out of their way to offer the best in customer service, and they always aim to payout winnings as fast as possible. Make sure to checkout the promotions page.

The Basics of Bitcoin Sports Betting

Players must comprehend the fundamentals of crypto-currency betting before they even place their bets. There is a wide variety of bets you can choose from, each of them having its own pros and cons based on their type, wage and value. Some of the most popular ones are:

• Moneyline
• Parlays
• Props
• Point Spread
• Futures
• Live Bets

Moneyline: Choose the Winner

The most straightforward way to get into Bitcoin sports betting is Moneyline. The player receives a payout that is directly linked to the result of the event that is happening. The odds are expressed with fractions, decimals or American odds. We will use American style round the entire post, to keep things most understandable.

American odds detail what it would take for the player to win a certain amount of money on a particular bet. Imagine that the Super Bowl is happening and the player wants to win 100$. Odds are usually displayed as:

Pittsburgh Steelers (-200) vs. Dallas Cowboys (+180)

This means that if the player wants to win the 100$, they are required to place a 200$ bet in favor of the Steelers. In contrast, if the Cowboys win and the player has bet on them, they get paid out a sum of 180$.

Sportsbooks root the payouts by the current trends across the betting market; this is the reason why the payouts are much less than the bets themselves.

Parlay: Stacking Up Wins

Parlay betting allows the player to stack up games in order to enlarge their win. Usually, up to three games are required to place a parlay bet. The player can also use point spreads and moneylines to be stacked on a parlay.

While the payouts are generally larger, the only downside is that the player needs to win all the bets in order to be paid out.

Props

'Props' or propositions bet means that the player bets on a certain occurrence of the event, not the result of the event itself. For example, the player can bet that Dak Prescott can score 25 points in a game or whether Andy Dalton does around 23 passes.

Point Spread: Marginal Winners or Losers

Best Bitcoin Wallet For Bovada

The catch of this type of bet is to bet on a game with even odds, meaning that the favorite needs to win by a certain amount while the underdog needs to lose by an even amount. If we use the game from the previous example, the bet would look like this:

Pittsburgh Steelers +3.4 (+130) vs. Dallas Cowboys -3.4 (-130)

For the player to win 100$, they need to place a 130$ bet. At the same time, the Steelers need to win by at least 4 points to ensure that the bet is won; if the Cowboys lose by 4 points or less, the player is also paid out.

This type of betting is especially popular with NFL and NBA games, because it is really easy to assume the favorite and the underdog on an even playing field.

Futures: Future Wins

By the title of the bet, it is obvious that the player bets on a prediction that is in the far future.

For example, you can bet on a certain NBA team to take the crown in the next championship:

Chicago Bulls +420

Meaning that if you place a 100$ bet, you can be paid out a sum of 420$. The downside being, that any other team can win the championship, leaving your bet to a loss

Best Bitcoin Wallet For Bovada Reddit

Choices of Bitcoin Deposits and Withdrawals

Generally, sites that allow crypto-currency betting enables players to continue wagering on their preferred sports; to keep things simple they usually cite BTC bets in dollars. Because of this, the sites protect the players from price swings that go up to 30%, as well as offering them larger payouts, sometimes even higher than 200%.

Using Bitcoin on sportsbooks is really easy. Firstly, you need to buy Bitcoins from your credit card, which can be simply done with exchanges such as Kraken or Coinbase. Once you have the coins, you transfer them to the sportsbook's crypto wallet address. Transactions usually cost a couple of cents, and they appear on the sportsbook almost instantly. This process can be easily done through mobile apps or websites.

The only thing you need to note is that bitcoins trade to 12 decimals, in contrast to traditional currencies trade to 2. It is possible that sometimes a transaction can be completely free, but most sites limit users to a minimum and maximum exchange amount for deposits and wagers as well.

Best Bitcoin Wallet For Bovada