How To Do A Bovada Bitcoin Withdrawal in 4 Easy Steps

How Do I Get My Money from Bovada?

Updated: November 28, 2022

If you’re ready to cash out at Bovada, there are only 4 easy steps standing between you and cold, hard digital dollars:

  1. Withdraw Bitcoin funds from Bovada
  2. Send your Bitcoin to a crypto exchange—we’re going to use Coinbase
  3. Exchange Bitcoin for US dollars
  4. Withdraw US dollars to your bank account (or digital wallet)

If you just needed the basics, there you have it—4 simple steps to pocketing your betting bankroll. But if you need more details, you’ve come to the right place. In this article, I’m breaking down every step to show you how to withdraw Bitcoin from Bovada all the way to the bank.

Ready?

Bovada Bitcoin Withdrawal What You’re Going To Need

Bovada Bitcoin Withdrawal

  • A crypto wallet—this is where you’ll withdraw your Bitcoin winnings to, and
  • An exchange account—we like Coinbase, but there are several options out there, and
  • ID verification documents—a driver’s licence or passport should suffice. You’ll need this if Bovada do a random ID verification check.

Go To BovadaGo To Bovada

Quick tip: If you’re setting up your exchange account right now, be sure to select investing when asked how you plan to use the app / website.

Step 1. Withdraw Bitcoin From Bovada

The first step in withdrawing our funds is the obvious one: cashing out our winnings from the Bovada sportsbook. On the plus side—this is a straightforward process.

On the negative side—it can take up to 48 hours to process a withdrawal from Bovada to a digital or crypto wallet.

  1. Login to your crypto wallet online or open the app on your device.
  2. Navigate to the receive funds page.
  3. Copy your wallet address—it will look like a randomly generated code of upper and lower case letters and numbers.
  4. Login to your Bovada account
  5. Navigate to the Withdraw page
  6. In the dropdown menu, select Bitcoin as your withdrawal type
  7. In the Wallet Address field, paste the wallet address you copied from your crypto wallet
  8. Enter the amount (in USD) you want to withdraw from your Bovada account
  9. If prompted, enter your 4-digit security number and / or ID verification
  10. Check the box to agree to the standard Bovada terms and conditions
  11. Click the Request Withdrawal button

From here, Bovada will take you to a confirmation screen. Typically, withdrawals from Bovada can take anywhere from 1 to 48 hours—you can expect an email from the sportsbook to let you know when the withdrawal has been processed.

Go To BovadaGo To Bovada

Step 2. Send Bitcoin to Your Crypto Exchange Account

Once the Bitcoin withdrawal from Bovada has been processed, it’s time for the next step.

Heads Up:

Your withdrawal may be up (or down) by a few dollars. That’s normal, because Bitcoin is a decentralized, dynamic cryptocurrency and its price fluctuates from one hour to the next.

  1. Login to your crypto exchange account
  2. Navigate to your Bitcoin (BTC) wallet in your exchange account and copy the BTC wallet address or QR code
  3. Login to your crypto wallet, where your Bitcoin funds are waiting
  4. Navigate to the Send Funds page
  5. Paste the BTC wallet address you copied earlier into the To / Send To field
  6. Key in the BTC value you wish to send, or click use total spendable balance if required
  7. Follow any prompts to select a miner’s fee or time-sensitive delivery fee
  8. Confirm the transaction by clicking send

Step 3. Exchange Bitcoin for US Dollars

You can’t send Bitcoin to an eWallet or bank account, so the next step is to do a cryptocurrency conversion. You can do this within your crypto exchange account by following these steps:

  1. Login to your crypto exchange account
  2. Navigate to Bitcoin (BTC) wallet
  3. Click on Sell
  4. Set your amount or select Sell max
  5. Preview your settings and click Confirm
  6. The majority of crypto Exchange apps will take you to a final confirmation page—if yours does, click Confirm sale

Crypto to cash conversions are instant.

Step 4. Withdraw Your Funds

We’re almost done—all that’s left to do is send your freshly converted USD to your bank account or e-wallet. The process may vary slightly depending on where you’re sending your funds, but essentially, here’s what you need to do:

  1. Login to your crypto exchange account
  2. Navigate to your cash account—this may appear as Cash (USD) or similar
  3. Click Withdraw and select the account you wish to transfer the cash to

Quick tip: If you haven’t set up a default bank account or e-wallet account already, you’ll need to do that in Settings.

Final Thoughts

That’s it! Now you know how to do a Bovada Bitcoin withdrawal. Not only is it a simple 4-step process, it’s also cheap on fees, and one of the quickest ways to get your winnings into a cash account.

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