Why do I need a Digital Wallet? (Bitcoin, Litecoin, etc.)
A Digital Wallet is necessary to store your Cryptocurrency and transfer your funds to and from your Bovada account when making a deposit or withdrawal. This differs from an Exchange account which is used to purchase Cryptocurrency and to convert your crypto back into USD once you've received your withdrawal back to your digital wallet.
Our short video below walks you through the opening of your first digital wallet. Check out cryptocurrencyhelp for our recommended wallet to buy and sell Crypto. To make your first crypto deposit, let us guide you in 5 easy steps, including how to open the right wallet and exchange. With cryptocurrency, a better world for betting awaits you.
Benefits of your Digital Wallet:
PRIVACY
Using a Digital Wallet keeps your online transactions private. This means that whatever you do with your money is your business.
SECURITY
The best way to ensure that your funds are 100% safe is to have them stored in your own personal wallet. When you can’t access your mobile phone, computer or tablet, the backup phrase you create on signup will securely grant you access from anywhere.
TRACKING
If there happens to be a delay in sending or receiving funds, your Digital Wallet keeps all the information you need to track your money.
IMPORTANT REMINDER:
- We recommend ONLY transferring funds to and from your Digital Wallet as sending funds directly from your exchange account may affect your ability to use that exchange moving forward.
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