ive been depositing at Bovada using BTC for a few months now. Every time, until today, ive received the amount that I sent them. Today, I sent them $1000.08 which shows on the Blockchain that amount. They put $950.11 in my account. The first guy tells me it was a "fee" my wallet created so thats why I didn't receive the full amount. Second guy told me that its because BTC went down. He told me they used a rate of $47,000 for BTC. BTC hasn't been even close to $47,000 around 1pm EST. Can someone tell me if I'm missing something or is this kind of shady on Bovada's part?? I feel like they're lying to me. Any help would be appreciated
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I don’t use Bovada but from what I can tell, all books use processors for crypto and most, if not ALL give you the worst conversion rate possible. Even if the price goes up the best you can get is your send amount. Same thing with withdrawals, it’s shady as hell but there’s not much you can do about it. You’re basically getting free rolled on deposits and withdrawals. There are no wallet fees, guy made that up. It’s more the processors than the actual books but the books could put a stop to it. How soon they forget they used to pay the fees for west uni and $gram.Comment -
Thanks for your reply! You’re exactly right. I can’t see Bovada saying “hey BTC went up so we’re going to credit your deposit correctly!” But I just got off the phone with them and they’re trying to screw me. Like you said, the fee excuse was a load of crap. Then they tried to tell me it was BTC went down. He told me that at the time of my deposit, BTC was $47,000. Lol. Not even close. Once I called him out for that, he said he would credit my account to Make up for my trouble. That being said, people need to look at this stuff and make sure they’re not getting screwed.Comment -
Why comment with this load of BS if you do not even use them to know?
You're wrong.
As the OP said Bovada have zero fees and credit amounts that almost never get queried.
The only reason we ever see posters complaining about Bovada and bitcoin is from people who used such a low fee it took a long time to confirm.
@RMoney, please post the TX id or blockchain link to it and let's confirm the situation for you before jumping to conclusions..Comment -
My apologies, Optional is correct, in the highly regulated world of offshore gambling, processors would never think of skimming deposits for fear of financial punishment from industry regulators. Processors would never skim deposits because if they did there would be countless threads and posts on gambling forums complaining about processors skimming deposits. Never forget, after you send your BTC deposit to a sportsbook, the price of BTC only goes down. 100% , every time.Comment -
i had a withdrawal get processed at an impossible price back on monday
not a huge deal but also shows something isn't right
$1000 withdrawal 11:04 eastern on monday, btc was between 45900-46000 from request of withdrawal to payment, and yet they paid me based on an impossible amount of 47,700
Transaction QGBLNPP-LSCRZS-B4ZEFL
Deposit
AMOUNT
0.02095450 BTC
FEE
0.00000 BTC
STATUS
Success
Type
Deposit
Ref-ID
QGBLNPP-LSCRZS-B4ZEFL
Transaction ID
1cefc4d339af...5dbf24eb97cf
Asset
Bitcoin BTC
Date
12-20-2021 10:04:52 -06:00
Address
3Lxv5yDyTzLC...epKXyCkxPvpk
Comment -
He actually is correct here. I've had about 50 deposits and close to 100 payouts at Bovada over the past 5 years and never had an issue with being shorted in bitcoin by them. And none of my friends have either. Even OP admits that he hasn't had an issue up to now in his first post. I don't know what the problem is with this transaction, but we should probably find that out rather than make generalizations like this.
And the customer service rep was just being stupid, which is par for the course in this industry. It doesn't necessarily indicate malice. I'm not saying it's right, but it's probably just a reflexive answer in cases such as this because they're often dealing with customers who don't understand why their bitcoin sent =/= bitcoin received (fees + fluctuation).Comment -
All this is the cost of doing business remember there’s no taxes on thisComment -
Yesterday, I made (3) deposits of about $20, $30, and $50to get their holiday free spins for each btc deposit. Didn’t pay attention to the exact amounts that were deposited into my Bovada account, but today just received $3.33 “crypto deposit owed.”Comment -
What the hell are you talking about? It's not a necessary cost of doing business. 90% of offshore books don't short on payout. We know the ones which do, and they can be avoided...and repeatedly shamed on the Internet for their shitty ways. There's no need to accept that kind of BS.
With that being said, Bovada is in the "good" column.Comment -
Just thought I’d let everyone know that I received an email from Bovada stating they found a discrepancy in my deposit. They credited me with the Difference. I was going to post a SS of the email, but I’m unable to post photos. I would highly suggest that people check their deposits just to make sure they were credited correctly! Good luck everyoneComment -
Got an email yesterday informing me of a crypto credit to my account due to a discrepancy in the crypto exchange rate used on a recent deposit.
I appreciate BOVADA being forthcoming regarding the error.
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