Bovada, Bodog and Ignition Casino have all announced that they are adding a new cryptocurrency deposit method in the form of Bitcoin Cash (BCH). Additionally, all three sites are encouraging everyone to try it out with a pair of deposit bonuses reserved strictly for BCH deposits.
For those unfamiliar with Bitcoin Cash, this is not the same thing as Bitcoin. The two are certainly related, but each cryptocurrency is now following its own path forward. However, just know that if you had a Bitcoin balance prior to the August 1st, 2017 split, you also have an equal amount of Bitcoin Cash waiting to be extracted.
This means if you had 1 BTC prior to the split, you also have 1 BCH today. Bovada has helpfully provided a step-by-step guide to getting your hands on your BCH cash if you are one of the many who had a Bitcoin balance prior to the August split.
All three betting sites (Bovada, Bodog and Ignition) are now accepting Bitcoin Cash deposits via phone support only for now. They are currently working on integrating online deposits into each site’s cashier, but you’ll need to call customer service to deposit via BCH in the meantime.
If you’re still a Bitcoin type of person, everything is fine on that front as well. Bovada, Bodog and Ignition still accept Bitcoin deposits.
Perfect Timing as Bitcoin Cash Surges
News that all three betting sites have begun accepting Bitcoin Cash deposits began circulating at the end of October. At the time, BCH was trading at around $336. The BCH price surged after that up to prices in the $600s through the beginning of November and then went absolutely crazy over the weekend up to a high point of $2500 on Sunday.
This all happened as Bitcoin prices dropped on the back of an aborted Segwit2x fork. After the failed fork, Bitcoin prices crashed by nearly 30% from highs of $7800 down to around $5500 on Sunday. Bitcoin Cash made out good over the weekend while Bitcoin went for a bumpy ride.
As of Monday, things have calmed down a bit and Bitcoin Cash has retracted while Bitcoin has recovered some of its losses. As of this writing, Bitcoin Cash is trading at around $1390 while Bitcoin is trading at around $6500.
Big Bitcoin Cash Bonuses
Bovada, Bodog and Ignition are each offering two big welcome bonuses in an effort to encourage users to try the all-new Bitcoin Cash deposit functionality. These bonuses are identical across all three sites, so simply pick the site you wish to use to claim either or both of the following offers.
Of these three sites, Bovada and Bodog will probably be your best bet due to both offering the widest range of sports betting, casino games and poker. Ignition Casino is limited to casino games and poker only. You can read more about Bovada here and more about Bodog here.
There are no bonus codes to worry about for now because there is no way to deposit online inside the cashier’s area. To claim these bonuses, just give customer support a call and tell them you would like to make a BCH deposit. Then, tell them which bonus you would like to claim.
100% up to $500 Bonus for Sports, Horse Racing, Casino and Poker Room
The $500 Bitcoin Cash bonus will double the value of your first deposit in terms of USD. When you call customer support and tell them you would like to deposit with BCH, they will then give you a current value in terms of USD. This value is valid for 30 minutes and will be used to determine the amount of your bonus.
After you deposit with BCH, customer support will credit your account with USD equivalent to the current BCH -> USD exchange rate. On top of that, they will give you an extra 100% in bonus funds.
Clearing the Bonus
Your bonus funds can be released by placing bets in the casino, racebook, casino or poker room. You will then need to rollover the bonus and deposit amount 5x in the sportsbook or racebook, 35x in the casino or 3x poker points per dollar in the poker room.
For example, let’s say you deposit $100 worth of Bitcoin Cash and Bovada gives you $100 in bonus funds. The total of the two is $200. That means you would need to wager a total sum of $1,000 in the sportsbook or racebook ($200 x 5) to clear the bonus and winnings for withdrawal.
If you decide to clear this bonus in the casino, the rollover is 35x the bonus and deposit amount. Using that same example, you would need to place a total sum of bets in the casino equal to $7,000 ($200 x 35) to release the bonus funds and winnings for withdrawal. Also note that only slots and specialty games only count 100% towards meeting the rollover. Other games contribute less in accordance with this rollover chart.
If you claim this bonus for the poker room, rollover is met by earning 3 poker points for every 1 USD in bonus funds. Poker points are earned by playing in real money cash games and tournaments. You earn 3 poker points for every $1 paid in tournament entry fees and up to 1 point for every $1 paid in cash game rake.
Claim either bonus today at:
150% up to $1500 Bonus for Sports, Horse Racing and Casino
You can also claim this larger bonus for use in the sportsbook, racebook and casino but not in the poker room. If you choose this option, you’ll get an extra 150% added to the USD value of your Bitcoin Cash deposit.
For example, let’s say you deposit an amount of BCH equal to $100 in USD. In that case, you would receive $150 in bonus funds. The rollover requirements for this bonus are the same as in the other: 5x in the sportsbook or racebook and 35x in the casino.
All other terms and conditions are the same as those attached to the other bonus. The only differences between the two are this one offers more bonus money and it cannot be cleared by playing poker. You’re welcome to claim either bonus or both as you wish.