What fees does Bovada have? Deposit and withdrawal fees
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Bovada’s two main fees are on card deposits and check withdrawals. Your first credit card deposit is free, but each one after that costs 15.9% or more, and every check withdrawal costs $100. Crypto, MatchPay, vouchers and player transfers carry no Bovada fee in either direction, though crypto network and wallet fees still apply.
Deposit fees
| Method | Bovada fee | Per deposit |
|---|---|---|
| Visa, Mastercard, China UnionPay | First deposit free, then 15.9% or more | $20 to $1,500 |
| Crypto (Bitcoin, Litecoin, Ethereum, USDT, Bitcoin Cash, Bitcoin SV) | None | Coin minimum up to $5,000 |
| Bitcoin Lightning | None | Up to $10,000 |
| MatchPay | None | $10 to $2,000 |
| Player transfer | None | $10 to $15,000 |
| Voucher | None | $10 to $3,000 |
| Direct bank transfer | Not published | $50 to $450 |
The card fee is the big one. On a $200 card deposit, 15.9% comes to $31.80, and Bovada says the rate can be higher depending on the card. Only your first card deposit is free.
Your card issuer can add charges of its own, which Bovada doesn’t collect. Its deposit fees page lists these:
- Cash-advance fees, if your bank processes the deposit as a cash advance
- Currency conversion charges, which Bovada puts at 5% to 10%
- International service fees of up to 3%
- Activation fees of 3% to 5% on prepaid gift cards
Crypto deposits have no Bovada fee. You’ll still pay the network fee to send the coins, plus whatever your exchange or wallet charges. Network fees rise when a blockchain is congested, and Bovada says Bitcoin Cash, Bitcoin SV and Litecoin usually cost less to send than Bitcoin and USDT.
MatchPay has no added fees, according to Bovada. You buy Bovada credit from another MatchPay user and pay them through an app like PayPal, Venmo or Cash App. Our MatchPay guide explains how a trade works.
Withdrawal fees
| Method | Bovada fee | Other costs |
|---|---|---|
| Crypto | None | Network fee, plus any wallet or exchange fee |
| MatchPay | None | None listed |
| Voucher | None | None listed |
| Player transfer | None | None listed |
| Check by courier | $100 per request | $40 stop-payment fee if a check goes missing |
| Bank wire | Not published | Any fee your bank charges for incoming wires |
Checks
The $100 fee applies to every check request. On the $250 minimum, that’s 40% of your money. On the $3,000 maximum, it’s about 3.3%. Larger withdrawals are paid as $3,000 checks a week apart, and Bovada doesn’t say whether a request paid that way is charged once or once per check.
If a check goes missing, Bovada may charge $40 to stop payment, and it can’t stop a check that’s more than 6 months old. Checks can’t be sent to a P.O. box or a military address.
Some other sites still say your first check every 90 days is free. Bovada’s current withdrawal page doesn’t mention that and charges $100 for each check request.
Bank wires
Bovada’s help pages don’t list a fee for bank wires. Wires start at $1,500 and are limited to one every 30 days, so ask support what you’ll pay before you request one.
Crypto
Bovada charges nothing to send crypto. Your wallet or exchange may take a fee, and network fees go up when the blockchain is busy. Selling the coins for dollars costs extra, since exchanges and apps charge their own trading fees.
How fast each method pays is covered in how long a Bovada withdrawal takes, and how Bovada pays out has the limits and steps for each one.
Costs built into betting
Bovada doesn’t list any fee for placing a bet. Its margin is built into the odds. At -110, a common price on point spreads, you risk $110 to win $100, so you need to win 110 ÷ 210, or 52.38%, of those bets to break even. Our piece on 55% winners looks at what a win rate a little above that is worth.
Poker works differently. Bovada takes a rake from cash-game pots, which its help center gives as 5% up to a maximum of $4, with caps that vary by stakes and the number of players. Casino games carry a house edge, and Bovada doesn’t publish return-to-player figures for its slots.
Other charges in Bovada’s terms
Bovada’s terms of service, last updated in January 2024, cover two more costs. If an account goes 18 months without a deposit, withdrawal or bet, its balances are zeroed out. If you open more than one account, Bovada can close or merge the duplicates, and it says an administration fee may be charged.
Keeping fees down
Using crypto to deposit and withdraw avoids Bovada’s payment fees, leaving only network and exchange costs. If you don’t use crypto, MatchPay also has no Bovada fee. Keep card deposits to your one free deposit, and use checks only for larger withdrawals, where $100 is a smaller share.
Our Bovada review covers the bonuses, betting options and the risks of using an offshore site.
If you’re opening a Bovada account, crypto deposits skip the 15.9% card fee. Bovada’s crypto sports bonus is also bigger than the card version, at 75% up to $750 against 50% up to $250, both with a 5x rollover.
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Sources
- Bovada help center: What are the deposit fees?, What are the deposit limits?, What deposit methods are available?, What are the transaction fees?
- Bovada help center: What are the withdrawal fees?, How do I request a withdrawal?, What are the withdrawal limits?
- Bovada help center: What are the benefits of MatchPay?, Player transfer withdrawals, Bovada rake, How are casino odds determined?
- Bovada: Promotions, Terms of service (updated January 3, 2024)