You may have noticed that a lot of poker players are talking about Bitcoin these days. It’s been a successful short-term investment for many; the value of this groundbreaking cryptocurrency has increased nearly tenfold over the past 12 months. But it’s Bitcoin’s security and ease of use that put it on the map in the first place. If you haven’t started using Bitcoin to make your transactions at Bovada, here’s how to do it.
Making a Bitcoin Poker Deposit
Regular currency needs to be stored somewhere, and so do bitcoins. You’ll need a digital wallet, which you can download as an app on your mobile; we recommend BreadWallet for iOS and Mycelium for Android. Once you have your wallet, you can buy bitcoins through a regulated exchange, using your credit/debit card. Then you can use Bitcoin as one of your deposit options at Bovada. You’ll receive a Bitcoin address, then you’ll either launch your digital wallet from your desktop or scan the QR code with your mobile device.
Using Bitcoin: No Transaction Fees
Once you’re using Bitcoin, you’ll find it much easier than other payment methods. There are no deposit or withdrawal fees, your transactions will be processed within minutes, and with Bitcoin, you can make withdrawals every five days instead seven. All these transactions appear on the public ledger known as the blockchain, but only you hold the private key that allows you to conduct business with Bitcoin.
Bitcoin Bonus
At press time, there isn’t a specific poker bonus for Bitcoin, but there are several promotions available at Bovada’s Sportsbook, Racebook, and Casino. These offers include the Bitcoin Welcome Bonus, where you can get up to $5,000 in bonus money by making your first deposit. If you’re a dedicated poker player only, you can still take advantage of our 100% Poker Welcome Bonus; make your first deposit at Bovada Poker and we’ll match that amount, up to $500, once you’ve racked up enough Poker Points.
You can find out more about how to use Bitcoin at Bovada by clicking here, and for more about our ongoing promotions, be sure to check out the Promotions page at Bovada. See you on the felt.