Why would you want to use bitcoin to make a Bovada bitcoin deposit? Because it’s the only Bovada bitcoin deposit method that has NO TRANSACTION FEES! If you are an active player moving money in and out of your account, these fees can seriously add up. But with bitcoin now as an option, you can save a lot of money and have much more freedom. See what using bitcoin can save you:
Save Fees with Bitcoin - Bovada-bitcoin-deposit-fees
To make a Bovada bitcoin deposit at Bovada, you have to first acquire bitcoin. There are numerous ways to acquire bitcoin. The most common way is a bitcoin exchange. These exchanges are services that let you convert other currencies into bitcoin. Bitcoin that you purchase are stored in your bitcoin wallet. Bovada now accepts bitcoin transfers from your bitcoin wallet – and with zero fees. You can acquire bitcoin through an exchange or other methods, and then deposit it into your account at Bovada. However, you are not allowed to use Coinbase for any gambling. Just use Coinbase to buy or sell Bitcoin. Once you have Bitcoin, you can transfer it to another Bitcoin wallet such as an online wallet like Blockchain.info or a wallet on your smartphone such as BreadWallet.
How Bitcoin Works
Bitcoin is a digital currency that’s distributed through peer-to-peer mechanisms. If that seems unclear, then think of it as electronic money that you can send to a friend or online retailer over the Internet. This method is very fast and free of fees because it doesn’t involve any central banks or financial institutions. It’s also very secure. P2P may not seem very secure to the uninitiated, but it is because of how bitcoin works. Bitcoin transactions include a public key and one or more private keys. Only you have your private key, and that key is never transmitted to anyone else’s computer. No one can withdraw money from your account without that private key.
Bovada now accepts bitcoin, which is a digital currency that’s gaining widespread acceptance. Proof of this acceptance is evident in the major retailers and financial institutions that now deal with it. Bitcoin is now the preferred method of depositing funds into your Bovada account among players because it is free to do so. There are ZERO transaction fees for making a deposit via Bitcoin.Play now