In this guide we will cover anything and everything related to depositing money into your Bovada account. In addition, we will dive into the details of how safe Bovada is for you as the user and what protections there are.
Whether you’re a daily gambler or just getting started, you’ve come to the right place. We’ll be diving into all the details about how to deposit into Bovada so you can start betting today.
Quick facts about Bovada
| Founded in 📝 | December, 2011 |
| Years in business 🗓️ | 12 years |
| Licensed in 🪪 | Curaçao |
| Types of gambling offered 🎰 | Sportsbook, casino, live dealer, poker, horse racing |
| Customer support 📲 | 24/7 chat and email support available |
| Available in 📍 | 45+ US states |
| Current bonus 💸 | 100% match up to $750 |
There are a couple of unknowns that will sometimes hold up new users from joining Bovada. New bettors often have questions relating to the online sports betting platform they’re signing up for. Rather than leave you in the dark, our goal is to answer any and all questions you could have. We’ll start with a few that I have heard from people in the past.
Is Bovada safe to deposit?
Bovada is safe to deposit money into in my experience. Over the years, I have deposited money into my account countless times and never had any issues.
Much of the questioning by new sports bettors comes from questioning the legitimacy of Bovada. You may have come across one of the unregulated online sports betting sites with shady practices. There are several sketchy online sports betting sites, and new ones will pop up from time to time. These sites are often not licensed, and operating illegally. Best to steer clear of those.
Bovada is a legitimate online sports betting platform. They do everything by the books, holding an active gambling license issues by the Curaçao Gaming Commission. When you bet with Bovada, you can bet knowing you are receiving a regulated, legitimate experience.
Curaçao Gaming Commission History
Curaçao is a Dutch island in the Carribean. All online sportsbooks licensed by the Curaçao Gaming Commission undergo regular audits. While online gaming platforms in Curaçao are comparably less regulated than other gaming commissions, betting with Curaçao licensed sportsbooks will still provide you with a great and honest experience. This is opposed to the alternative, a black market bookie or someone operating a gambling ring illegally.
How do I know if a sportsbook is legit?
To be safe, look for online sportsbooks that have existed for at least 5-10 years. Generally speaking, online sports betting platforms with many years in operation will have overall good reviews. They are probably an honest online sports betting site.
Can you win real money on Bovada?
Players absolutely do win real money on Bovada every day. There are multiple ways to withdraw your winnings, including Bitcoin, wire transfer, check by courier, and more. I’ll dive deeper into this in another article, but that’s for another day.
How can I deposit into my Bovada account?
Bovada offers multiple deposit methods for their bettors, including Visa, MasterCard, cryptocurrencies including Bitcoin and Ethereum, MatchPay options like Zelle, PayPal, Venmo, and more!
Below, we’ve outlined the options you have to deposit with Bovada.
| Deposit Method | Fees | Minimum Deposit | Maximum Deposit |
|---|---|---|---|
 | 15.9% | $20 | $1,500 |
 | 15.9% | $20 | $1,500 |
 | network transaction fees | $10 | $5,000 |
 | network transaction fees | $10 | $5,000 |
 | network transaction fees | $10 | $5,000 |
 | network transaction fees | $50 | $5,000 |
 | network transaction fees | $5 | $5,000 |
 | network transaction fees | $10 | $5,000 |
 | none | $20 | $1,000 |
 | none* | $50 | $450 |
| Voucher | none | $10 | $3,000 |
*Bovada will waive your first transaction fee on bank transfers every 90 days. If you initiate more than one bank transfer within 90 days, Bovada will charge a $100 processing fee.
What is the best way to deposit on Bovada sportsbook?
For those that are familiar with cryptocurrency, the very best way to deposit is with Bitcoin. Bovada offers plenty of incentive to sports bettors looking to deposit with Bitcoin, including a 125% match on new casino players first deposit, up to $1,250.
Personally, I’ve been loving a different digital coin.
Best cryptocurrency to deposit into Bovada
Up to $3,750 in cryptocurrency deposits with a 125% match on your first 3 deposits
Terms and conditions apply
LiteCoin is a cryptocurrency that can be bought and sold, same as Bitcoin. The difference? LiteCoin has much smaller network transaction fees. Bitcoin is constantly being bought and sold, so it takes (slightly) longer to process and has higher network transaction fees.
LiteCoin runs on a speedy network and has lower network transaction fees. Cryptocurrency, regardless of the coin, will deposit into your Bovada account the quickest, and I would highly recommend it.
How to deposit into your Bovada sportsbook account
Completing a deposit into your Bovada account is a quick and easy process. Before we dive in, I recommend creating an account with Bovada here.
Right now, Bovada is offering new sports bettors a 100% match on their first deposit, up to $750. This is a fantastic offer that I’d recommend taking advantage of.
Now, let’s dive in to how to deposit into your Bovada sportsbook account in every way. First up, cryptocurrency.
How to deposit into Bovada with cryptocurrency
When you choose to deposit into your Bovada account with cryptocurrency, you’re taking the easy road (in my opinion). The initial set-up takes a little more time, but you only have to do it once and then you’re set. Cryptocurrency is a safe, simple, and straightforward method of deposit.
Bovada offers the following cryptocurrency options:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Bitcoin SV (BSV)
- Ethereum (ETH)
- LiteCoin (LTC)
- Tether (USDT)
First, you’ll need to set up a Digital Wallet to hold your cryptocurrency, just like your wallet holds your credit cards and cash. Bovada recommends this one, and Coinbase is one of the most popular options. We recently discovered that Venmo and PayPal now offer Digital Cryptocurrency Wallets, which is easy if you’re already on one of those platforms.
STEP 1
Create your Digital Wallet
Once you’ve created an account with a crypto Wallet, you’ll need to open an Exchange account. This allows you to purchase and sell cryptocurrency.
STEP 2
Open an Exchange account
The next step is to purchase cryptocurrency in your Exchange account. By linking your debit or credit card, your purchase should be smooth and simple.
STEP 3
Purchase cryptocurrency
Congratulations! We’re almost done. Now that you are the successful owner of cryptocurrency, use the following steps to move your digital coin from your Exchange account to your Wallet.
STEP 4
Transfer cryptocurrency from Exchange account to Digital Wallet
- In your Exchange account, select “Withdraw” or “Send”.
- In your Digital Wallet, identify your Wallet’s address and copy it to your clipboard.
- Paste your Digital Wallet’s address into the box provided in your Exchange account.
- Click ‘Receive” in your cryptocurrency Digital Wallet.
Your cryptocurrency should send from your Exchange account to your Digital Wallet. Now it’s time to deposit into Bovada.
STEP 5
Deposit cryptocurrency into Bovada
- In your Bovada account, click the red “Deposit” button.
- Under “Deposit Methods”, select the cryptocurrency you’ve purchased. It’s important to select the correct coin, as they aren’t interchangeable. For example, Bitcoin (BTC) and Bitcoin Cash (BCH) are different coins.
- Copy and paste the address generated by Bovada into your Digital Wallet, in the “Send” field.
- In your Digital Wallet, select the amount of cryptocurrency you’d like to send, then click “Send”.
- You’ll be prompted to review the details of this transaction. Confirm that the address shown is the same address you pasted into Bovada’s deposit page.
- When everything looks good, click “Send”.
In about 15 minutes, your cryptocurrency funds will show in your Bovada account in USD.
Bovada Cryptocurrency FAQ
Yes, cryptocurrency is a digital currency that is safe and legitimate. However, like all investments, cryptocurrency holds a small degree of risk. Just like purchasing a stock, it is possible that the value of cryptocurrency can decrease at any given time.
An Exchange account is similar to a day trading account for stocks. The purpose of an exchange account is to buy and sell your cryptocurrency. Your Exchange account is not meant to send cryptocurrency to exterior Wallets, only to your own Digital Wallet.
Like your wallet that holds your ID, credit cards, and cash, your Digital Wallet holds your cryptocurrency. With your Digital Wallet, you can send and receive cryptocurrency to exterior Wallets.
Like the stock market, cryptocurrency goes up and down as people buy, sell, and hold it. If you were to purchase 1 LiteCoin, you will continue to own 1 LiteCoin regardless of whether its value increases or decreases. If the value of your LiteCoin increases, you can sell it for more than it was purchased for. Likewise, if you were to purchase 1 LiteCoin and the value of it went down, you would end up selling it for less than you paid, but in that case it may be better to just hold it until the value goes back up.
How to deposit into Bovada with credit/debit cards
Bovada offers two different options when it comes to credit and debit card deposits. Players can deposit using Visa or MasterCard, and will receive a 15.9% transaction fee on top of their deposit. The minimum credit card deposit with Bovada is $20, and the maximum deposit is $1,500.
Let’s dive into credit and debit card deposits with Bovada.
STEP 1
Log into Bovada and select “Deposit”
- Log into your Bovada account, or click here to sign up.
- Navigate to the menu in the upper right hand corner and select “Deposit” in red.
- Select your preferred credit card option from the available choices.
- Enter your card information and select the amount of money you’d like to deposit.
- If applicable, select one of the bonuses in the left menu offered by Bovada.
- Confirm that all details are correct, and click “Deposit”.
STEP 2
Enter card info, select amount and bonus, and deposit
That’s it! If all goes according to plan, your credit or debit card deposit will show in your Bovada account within a few hours.
Personally, I’ve had a tough time depositing with my card. Bovada states on their website that not all credit card deposits are guaranteed to work, due to restrictions on the card.
When depositing with a card, I recommend using a card with your own name on it, matching the name on your account and your ID. Bovada retains the right to withhold winnings if your card does not match your identity, as that raises flags for possible credit card or identity theft. You don’t want to miss out, so be honest and be you.
Bovada Credit/Debit Card FAQ
Credit and debit card deposits into Bovada should show up in your account balance within a few hours of initiating the deposit.
According to Bovada, their current credit/debit card deposit fees are 15.9% on each transaction. However, Bovada will waive the deposit fee on your first deposit, as a courtesy.
Some credit cards do not permit gambling related purchases, or will flag the transaction. Bovada uses a third party payment processor, which banks may flag as well. If you’re having trouble with your card, I would recommend using your card to purchase cryptocurrency, an easy workaround.
In order to deposit with credit or debit card, users must deposit a minimum of $20 USD and a maximum of $1,500.
How to deposit with MatchPay into Bovada
Initiating a MatchPay deposit into Bovada is a quick and simple process. With a $20 minimum and $1,000 limit, you’ve got plenty of options available.
Bovada accepts the following platforms for MatchPay:
- Venmo
- Zelle
- CashApp
- PayPal
- Apple/Google Pay
- Chime
First, log into your Bovada account and select “Deposit” in the upper right hand corner.
STEP 1
Log into Bovada and select “Deposit”
Under the deposit options, select “MatchPay”. If you haven’t already, you’ll be prompted to sign up. Go ahead and sign up.
STEP 2
Click “MatchPay” and create an account
Once your account is created, be sure to link each of the platforms that you hold an account with. This will increase your chances of matching with someone who can fulfill your request.
STEP 3
Link your payment accounts to MatchPay
Create your order. You’ll input the amount you’d like to deposit, and someone will likely “buy” your order, meaning they will provide that amount of funds to you, and you will pay them via your payment method. Within minutes or hours, the funds will deposit into your Bovada account.
STEP 4
Create your Order and find your match
That’s all that goes into MatchPay with Bovada. It’s a simple, secure method of depositing funds into your account, and can also be used to withdraw on the other end.
It is important to note that your MatchPay balance cannot be directly sent to your bank account. You’ll have to send it to one of your linked accounts, such as Venmo, then transfer it from there.
Bovada MatchPay FAQ
MatchPay is a person to person exchange platform that allows Bovada players to exchange money with other MatchPay users.
To use MatchPay, sign up and connect your payment platform accounts, including Zelle, Venmo, PayPal, Chime, CashApp, Apple Pay, and Google Pay. Deposit money into your MatchPay account, then create an order for the amount of money you’d like to deposit into Bovada. A fellow MatchPay user will fulfill your order, and this will send your money to them, and their money to your Bovada account.
Chances are that you don’t have the third party platform connected that someone is looking for. For example, if you connect Zelle, but they only have Google Pay and CashApp, they cannot fulfill your order. The more payment options you have available, the more likely you are to have your order filled.
Deposits with Bovada
We’ve gone into deep detail on the specifics of each deposit method to use with Bovada. Whether you prefer a credit card, cryptocurrency, MatchPay, or have a voucher from a previous betting experience, we’ve provided all the information you need to make a successful deposit into your Bovada account.
Now you can deposit with ease, knowing the minimum and maximum deposits for different payment methods, as well as associated fees. Be sure to take advantage of the bonuses Bovada offers when depositing, which they’ll display on the left side of the check out screen. Simply check the box for the bonus you’d like, and it should be applied to your account!
We hope this guide has been helpful and informative, and that you have a great time betting with Bovada! For additional questions or concerns, please contact us using the information provided below. We would love to hear any feedback you have, so that we can continue to improve.
Click the button below to access Bovada’s current new bettor bonus, a 100% match on your first deposit, up to $750!
Ready to Bet?
Get all the details on how to bet in your state below. We’ve done all the tough, painstaking research so that you don’t have to. Select your state from the list below and learn how to start betting as soon as today.
Disclaimer: The information provided on this site is for entertainment purposes only. Gambling comes with risk, and Game Plan Bets is not responsible for outcomes when betting with the sites listed in this article. This website is intended for users 18+.
Be sure to check local laws in your state before gambling online.
If you have a gambling problem, do not hesitate to call 1-800-GAMBLER or visit one of the following sites for support:
This article contains affiliate links, from which Game Plan Bets receives a small commission at no cost to you.