Bovada is one of the most popular betting sites in the United States, if not the most popular. With its extensive coverage of sports that appeal to a US audience, from football to baseball to basketball, it is no surprise that American gamblers and bettors flock to the site. The United States Supreme Court overturned the federal ban on online gambling in 2018, so to many Americans, wagering online is still new. For anyone having trouble understanding how to deposit and withdraw cash with this site and the different website options for Bovada, the following is a step-by-step guide to help you out:
- You must make an account with the website of your choice.
- Ensure your account is registered correctly and verified.
- Click the silhouette icon in the upper-right corner of your screen.
- Click the “Deposit” or “Withdraw” option on a window marked “Deposit/Withdraw.”
- Select the option for depositing or withdrawing.
- You will be asked for an amount. Type in the amount you want to deposit or withdraw, ensuring you obey the website’s guidelines for maximum deposits or withdrawals.
- Once you are done, the website will process your request and get back to you in an agreed-upon time (usually 24-48 hours).
As we said before, Bovada is the best option for US bettors. However, the question is, what are the best deposit and withdrawal methods when using the website? This article explores these two questions and helps you conclude which best suits you.
Best Deposit Methods at Bovada
The truth is, we can’t tell you the best method objectively because the decision is subjective. Instead, we can explore the different deposit methods, give our opinions and tips, and hopefully help you decide which option suits you best. So, without further ado, let us get into the deposit options at Bovada.
Credit/Debit Cards
Like most online sportsbooks, Bovada accepts credit and debit card deposits. This is the most popular way to make a deposit. Bovada accepts MasterCard, VISA, and American Express cards, so if you get your credit/debit cards through any of those companies, you can deposit at Bovada. Be warned that if you use cards, the bank or credit card company may charge some fees for any transactions made through their cards.
Cryptocurrency
Cryptocurrency is, of course, a modern method for depositing. The crypto market has altered many facets of our society, and sports betting is no different. Many people enjoy using crypto for betting, as Bovada does not charge any fees on the transactions, so you basically get what you paid for. At Bovada, the available cryptocurrencies include the following:
- Bitcoin
- Ether
- Tether
- Litecoin
- Bitcoin Cash
Vouchers
Another possibility is using vouchers or gift cards, as some call them. Just like with credit/debit cards, coupons also require specific fees, depending on your use of gift cards. Usually, these fees are between 3% to 5%, so be aware of that before you make a choice.
Most gamblers have said that cryptocurrency is their preferred method for depositing. However, credit cards are still the most popular choice that many go with. They are safe and secure, and often the benefits outweigh the cons. However, we recommend you research and come to your conclusion.
Best Withdrawal Methods at Bovada
When it comes to withdrawing, users of Bovada have essentially the same options. Before you make a withdrawal from the website, there are some things you should consider. The following is a list of considerations that you have to keep in mind:
- The method of withdrawal may depend on the deposit.
- Depending on your account status, you might have more options than the ones we will list.
- The website retains the right to process a large sum in the best way possible.
Once you’ve familiarized yourselves with these caveats, we can look at the withdrawal options available to you at Bovada.
- Cryptocurrency. The same cryptocurrency options are available for withdrawal. Bitcoin, Bitcoin Cash, Tether, Ether, and Litecoin are the ones you should pay attention to.
- Bank Wire Transfers are a pretty popular option as well. However, while it is relatively safe, processing may take a while, especially if you are wagering large sums.
- Once again, vouchers are a good option if you consider the transaction fees.
- Finally, checking by courier is a reasonably popular method.
Before we close the article, we should bring up that Bovada’s Terms of Service demand that a player completes a credit card verification form for each credit card they use to make deposits. So, do some proper research on everything you need to know before you start depositing with Bovada.
