More and more Poker Sites are now accepting Bitcoin and other cryptocurrencies. The three other biggest cryptocurrencies concerned are Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC).
Using Bitcoins and cryptomoney on a Poker Website as payment option for deposits and withdrawals show numerous advantages.
Faster than Light Transactions: Bitcoin being exchanged via a P2P system, your funds are directly sent to your recipient without the intervention of a third party.
Guaranteed User Privacy: With Bitcoins and Cryptocurrencies, you don’t have to provide any personal information.
Lower Costs: Cryptocurrencies operational costs are cheaper thant traditional currencies. Hence, you are usually charged less for any transaction you make with Bitcoins.
Secured Funds: It is impossible for third parties such as governments to seize or freeze your Bitcoin wallets.
Additionnal Bonuses: Online poker rooms sometimes offer specific bonuses for cryptocurrency deposits.
|Bitcoin Poker Sites|
|Poker Site||Network||First Deposit Bonus||Rakeback||Review|
|Americas Cardsroom||Winning||100% up to $1,000||27%||Review|
|Bet Online||Chico||100% up to $2,500||No||Review|
|Ignition Casino||Bodog||100% up to $1,000||No||Review|
|Natural8||GGNet||200% up to $500||Up to 100%||Review|
|Seal With Coins||Independant||No||Contact Us||Review|
– Learn More about Bitcoin –
- Is playing with Bitcoin legal ?
The legality of the poker site depends on where it is operating from. For example, depositing and withdrawing Bitcoins in European-based poker sites is entirely legal.
- How to buy and sell Bitcoin ?
First, you first need to create what is called an e-wallet (see https://bitcoin.org/en/choose-your-wallet). Then, you can obtain Bitcoins directly from people who have them, or through exchange trades. There are a lot of cryptocurrencies markets, and they are offering numerous payment method (credit card, wire transfer, Paypal, etc).
- How safe are Bitcoin wallets ?
Anyone trying to steal your Bitcoins would need the log-in information to your digital wallet, but would also have to get their hands on your physical device. This appears to be much more difficult than hacking a bank account.
- Can poker winnings be cashed out in Bitcoins?
It depends on the online poker site. Usually, whatever currency you deposit with (including cryptocurrencies) can be processed and withdrawn the same way.