Here at SBL, we regularly discuss the advantages of betting with cryptocurrencies.
All the industry’s fastest payout online sportsbooks accept Bitcoin and a small selection of altcoins, though those altcoins vary by betting site.
However, there’s one cryptocurrency – and only one – that’s exclusively offered by just a single major operator in the space: Bitcoin SV.
Bovada Sportsbook is the only one that supports Bitcoin SV (BSV).
Of course, that’s nothing new.
Bovada has been a leader in the industry, providing members with innovative ways to fund their accounts faster than ever.
Bovada, for example, was the first legal site to offer player-to-player betting vouchers. This allowed members to finally use unsupported P2P services such as PayPal and Cash App. To top up their accounts indirectly.
Bovada was also first to launch MatchPay betting. It used the third-party plugin to simplify the voucher process. Players have less to do when using these P2P applications.
Bovada clearly knows how to assist US-based players in making the most of their money as well as their banking options.
But here’s the mystery:
While Bovada advertises BSV support, Bitcoin SV deposits and withdrawals aren’t available to all site members.
The site’s own banking overview lists Bitcoin SV on just a few pages, typically buried within the Bovada Help database.
When you finally hit upon a mention of the payment method – after a brief overview about Bitcoin SV itself (quicker transfer times, lower blockchain fees, etc.) – Bovada says this:
“To expand our crypto offerings here at Bovada, we’ve added a cheaper, faster coin for eligible players called Bitcoin SV (BSV)! …
Check the cashier to find out if you’re eligible and start using BSV today!”
So…we checked with the cashier.
It didn’t help.
Apparently, we’re not eligible.
So after applying a bit of salve to our wounded sports betting egos, we got to thinking:
Exactly how do we become eligible?
Is it linked to the Bovada Rewards level
Is it calculated based on the aggregate amount of deposits and withdrawals made under our account.
Is it predicated on the literal amount of time we’ve been members?
A quick Google search didn’t bring up much. Even the Bovada Reddit didn’t come up.
So…we called Bovada (1-888-263-0000).
Bovada’s helpline is currently down because of COVID-19-related staffing issues.
The same goes for live chat.
Bovada has temporarily switched to an automated chat function, which serves as a help-menu walkthrough, due to another coronavirus shortage.
It’s a good fix that should be perfect for 99% of members, but for this question – to solve this mystery – we’d need to get in touch with an actual representative.
Email is the only option.
Of course, the lead time on email queries at Bovada – as is the case at all other top-rated online sportsbooks – is up to 48 hours.
So we wait.
Naturally, when we get the issue resolved, we’ll update this post.
But until then, here’s some background about Bitcoin SV.
Bitcoin SV – also called Bitcoin Cash SV (as it was a fork of the Bitcoin Cash blockchain, which was itself a fork of the original Bitcoin blockchain) – is short for “Bitcoin Satoshi Vision.”
This designation was decided upon by BSV advocates who viewed the scope of the project as more in line with the original Bitcoin idea as conceived by the mysterious – and possibly pseudonymous – Satoshi Nakamoto.
The actual genesis of Bitcoin is a bigger mystery than BSV at Bovada.
We fell into the rabbit hole.
Bitcoin SV was controversial at the outset, but has become the most controversial cryptocurrency ever.
Yes, many crypto players in the know give that distinction to Cardano (ADA) due to the way in which it threatens Ethereum, but that’s a story for another time – like when the best online sportsbooks finally start accepting ADA.
Bitcoin SV – largely due to community pushback – isn’t traded on most of the common US-based exchanges.
Remember, these exchanges don’t like controversy of any kind in the crypto space, which is evidenced by the high-profile delisting of Ripple (XRP) in late December 2020.
Also remember, however, that delisting doesn’t mean a crypto coin is illegitimate in any way.
Despite XRP being removed from the major US exchanges for much of the year, it still remains the sixth largest crypto asset in terms of market cap, ahead of other popular coins such as Dogecoin and Solana.
BSV can be bought in using a VPN or a foreign exchange account that supports it.
These include Coinsquare. Coinify. CoinGate. Upbit. OKEx. KuCoin. And other platforms.
Bitcoin SV, like XRP is a legal asset.
According to CoinMarketCap, it’s currently ranked as the 51st biggest crypto coin and is trading at $160 per. BSV also has a market capitalization exceeding $3.3 billion.
What’s the point of all this?
Until we get that email response, we really don’t know.
BSV is a mystery.
Luckily, Bovada isn’t.
It’s no secret that Bovada Sportsbook is one of the best in the business, and it’s been a favorite landing spot for US sports bettors for a decade and counting.
And ultimately, it’s all academic, besides. We prefer to deposit in Bitcoin.
Because only Bitcoin gives you access to the Bovada Premium Bitcoin Exclusive Membership. This is the only way to receive account reload bonuses.
And those account reload bonus are essential.
It’s NFL season!
Source * sportsbetting.legal – * Source link