How to deposit on Bovada with Cash App Step by Step guide

Andy

Payment Methods

July 21, 2024

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To deposit on Bovada using Cash App, you'll use Cash App to buy Bitcoin (BTC) and then transfer the Bitcoin to your Bovada account. Here’s a detailed guide on how to do this:

Step-by-Step Guide to Depositing on Bovada with Cash App

1. Set Up Your Cash App Account

1. Download Cash App:
   • If you haven’t already, download Cash App from the App Store (iOS) or Google Play Store (Android).
2. Create an Account:
   • Follow the on-screen instructions to create an account.
   • Link your bank account or debit card to your Cash App account for funding purposes.

2. Enable Bitcoin (BTC) Transactions

1. Verify Your Identity:
   • To enable Bitcoin transactions, you need to verify your identity. Go to the Bitcoin tab (BTC symbol) and follow the instructions for identity verification. This typically involves providing your full name, date of birth, and the last four digits of your Social Security Number.
2. Enable BTC Transactions:
   • Once verified, you can buy, sell, and withdraw Bitcoin.

3. Buy Bitcoin on Cash App

1. Navigate to the Bitcoin Tab:
   • Tap the BTC symbol on the Cash App home screen.
2. Buy Bitcoin:
   • Tap “Buy” and enter the amount you want to purchase. Confirm the transaction. Make sure to buy enough Bitcoin to cover your intended deposit plus any potential transaction fees.

4. Set Up Your Bovada Account

1. Create or Log In:
   • If you don’t already have a Bovada account, create one at Bovada’s official website. If you have an account, log in.

5. Deposit Bitcoin into Bovada

1. Navigate to the Cashier:
   • Once logged in, go to the cashier section of Bovada.
2. Select Bitcoin as Deposit Method:
   • Choose Bitcoin as your deposit method.
3. Get Your Bovada Bitcoin Address:
   • Bovada will provide you with a unique Bitcoin address for your deposit. This address is where you will send your Bitcoin.

6. Transfer Bitcoin from Cash App to Bovada

1. Copy Bovada’s Bitcoin Address:
   • Make sure you copy the exact Bitcoin address provided by Bovada. Any mistake in the address could result in lost funds.
2. Go to Cash App’s Bitcoin Tab:
   • Navigate back to Cash App and tap the BTC symbol.
3. Send Bitcoin:
   • Tap “Withdraw Bitcoin” or “Send Bitcoin.” Paste the Bovada Bitcoin address into the recipient field.
4. Enter Amount and Confirm:
   • Enter the amount of Bitcoin you want to send (matching or slightly exceeding your intended deposit) and confirm the transaction. Be mindful of any transaction fees that Cash App may charge.

7. Confirm Deposit on Bovada

1. Wait for Confirmation:
   • Bitcoin transactions may take some time to be confirmed by the network. Typically, it takes about 10-30 minutes, but it can vary.
2. Check Your Bovada Balance:
   • Once the transaction is confirmed, your deposit should appear in your Bovada account balance.

Tips for Using Cash App to Deposit on Bovada

• Transaction Fees: Be aware of any transaction fees that Cash App charges for buying and sending Bitcoin. Factor these into your deposit amount.
• Double-Check Addresses: Always double-check the Bitcoin address you are sending to. Bitcoin transactions are irreversible.
• Minimum Deposit Amount: Check Bovada’s minimum deposit amount for Bitcoin to ensure you are sending enough to meet their requirements.
• Security: Use two-factor authentication (2FA) on both your Cash App and Bovada accounts for added security.

Conclusion

Depositing on Bovada using Cash App is a convenient option once you understand the process of buying and transferring Bitcoin. By following the steps outlined above, you can successfully fund your Bovada account and start placing bets. Always ensure you follow best practices for security and double-check all details to avoid any errors in the transaction.

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