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Bovada how to bet with bitcoin?

Bovada is a reputable online sportsbook that offers a range of betting options for sports enthusiasts. The platform has recently integrated bitcoin as a payment option, allowing users to make deposits and withdrawals using the popular cryptocurrency. In this article, we will provide a step-by-step guide on how to bet with bitcoin on Bovada.Step 1:…

Bovada is a reputable online sportsbook that offers a range of betting options for sports enthusiasts. The platform has recently integrated bitcoin as a payment option, allowing users to make deposits and withdrawals using the popular cryptocurrency. In this article, we will provide a step-by-step guide on how to bet with bitcoin on Bovada.

Step 1: Set up a Bitcoin Wallet

Before you start betting with bitcoin on Bovada, you need to set up a bitcoin wallet. A bitcoin wallet is a digital wallet that allows you to send and receive bitcoins. There are many different types of bitcoin wallets available, including mobile wallets, desktop wallets, hardware wallets, and web wallets.

Once you have chosen a bitcoin wallet, you will need to create an account and follow the setup instructions. You will be given a unique bitcoin address that you can use to send and receive bitcoins.

Step 2: Purchase Bitcoin

Now that you have a bitcoin wallet set up, you will need to purchase bitcoins. You can buy bitcoins from a bitcoin exchange or from a person who is selling bitcoins. There are many different bitcoin exchanges available, including Coinbase, Bitstamp, and Kraken.

To purchase bitcoins, you will need to provide your bitcoin wallet address and make a payment using a credit card or bank transfer. The bitcoins will be sent to your bitcoin wallet once the payment is confirmed.

Step 3: Deposit Bitcoin into your Bovada account

Once you have purchased bitcoins, you can deposit them into your Bovada account. To do this, log in to your Bovada account and click on the deposit button. Select bitcoin as your payment method and enter the amount you wish to deposit.

You will be provided with a unique bitcoin address that you can use to send the bitcoins from your wallet. Simply copy and paste the address into your bitcoin wallet and send the bitcoins to the provided address.

Step 4: Place Your Bets

Now that you have funded your Bovada account with bitcoin, you can start placing bets on your favorite sports. Bovada offers a wide range of sports to bet on, including football, basketball, baseball, hockey, and more.

To place a bet, select the sport you want to bet on and choose the event you want to wager on. Enter the amount you wish to bet and click on the confirm button. Your bet will be placed, and if you win, your winnings will be credited to your Bovada account.

Step 5: Withdraw Your Winnings

If you win a bet, you can withdraw your winnings in bitcoin. To do this, log in to your Bovada account and click on the withdrawal button. Select bitcoin as your payment method and enter the amount you wish to withdraw.

You will be asked to provide your bitcoin wallet address, which you can obtain from your bitcoin wallet. Once you have entered the address, click on the confirm button, and your winnings will be sent to your bitcoin wallet.

Conclusion

Betting with bitcoin on Bovada is a simple and secure process. By following the steps outlined in this article, you can easily fund your Bovada account with bitcoin and start placing bets on your favorite sports. With bitcoin, you can enjoy fast and secure transactions, low fees, and complete anonymity. If you are looking for a new way to bet on sports, consider using bitcoin on Bovada.

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