Bovada is one of the most popular and trusted online sportsbooks and casinos in the US. It offers a variety of betting options, games, bonuses, and promotions to its customers. But how does Bovada payout when you win? In this post, I will explain how to request, receive, and withdraw your winnings from Bovada.
How to Request a Payout from Bovada
The first step to get your money from Bovada is to request a payout. You can do this by following these three easy steps:
- Log into your account, click on your balance at the top of the page, then click ‘Withdraw’.
- Choose one of the withdrawal methods available for your account. These include Bitcoin, Bitcoin Cash, Bitcoin SV, Litecoin, Ethereum, USD Tether, Check by Courier, Bank Wire and Vouchers.
- Enter the amount you want to withdraw and confirm your details. You will receive a confirmation message and your withdrawal request will be processed within 24 hours.
Before you choose a withdrawal method, you should take note of the following:
- Your withdrawal method may depend on your deposit method. For example, if you deposited with Bitcoin, you can only withdraw with Bitcoin or Bitcoin Cash.
- Some withdrawal methods may have fees or limits associated with them. For example, Check by Courier has a $100 minimum and a $3,000 maximum per request, and a $100 fee if used more than once every 90 days.
- Some withdrawal methods may require verification documents from you before processing your request. These documents may include a copy of your ID, a proof of address, and a proof of payment method. You can upload these documents in your account settings or send them via email.
How to Receive a Payout from Bovada
After you have requested a payout from Bovada, you will receive it within the time frame specified by your chosen withdrawal method. The time frame may vary depending on the availability of the method, the volume of requests, and the security checks. Here are some estimates for each withdrawal method:
- Bitcoin: Within 15 minutes
- Bitcoin Cash: Within 15 minutes
- Bitcoin SV: Within 15 minutes
- Litecoin: Within 15 minutes
- Ethereum: Within 15 minutes
- USD Tether: Within 15 minutes
- Check by Courier: Within 10 to 15 business days
- Bank Wire: Within 10 to 15 business days
- Vouchers: Within 24 hours
To receive your payout from Bovada, you will need to follow the instructions provided by your chosen withdrawal method. For example, if you chose Bitcoin, you will need to provide your Bitcoin wallet address and scan the QR code generated by Bovada. If you chose Check by Courier, you will need to provide your physical address and sign for the delivery.
How to Withdraw a Payout from Bovada
Once you have received your payout from Bovada, you can withdraw it to your bank account or use it for other purposes. The process of withdrawing your payout may depend on the method you used to receive it. For example, if you received Bitcoin, you can transfer it to your bank account using an exchange service or use it to buy goods and services online. If you received a check, you can deposit it in your bank account or cash it at a local branch.
You should note that some withdrawal methods may have additional fees or taxes associated with them. For example, if you withdraw Bitcoin to your bank account, you may incur conversion fees or capital gains taxes. If you cash a check, you may incur cashing fees or withholding taxes. You should consult with your financial advisor or tax professional before withdrawing your payout from Bovada.
Conclusion
Bovada is a great online sportsbook and casino that pays out its customers promptly and securely. You can choose from various withdrawal methods that suit your preferences and needs. You can also enjoy fast and easy payouts with cryptocurrencies such as Bitcoin and USD Tether. By following the steps outlined in this post, you can request, receive, and withdraw your winnings from Bovada without any hassle.