Bitcoin Poker Sites | Payments Through Encrypted Technology
While the big players in online poker such as Pokerstars do not accept Bitcoin or cryptocurrencies as a payment, “some” reputable online poker rooms offer bitcoin deposits/withdrawals to poker players. Here you can find all the information you need to play poker using bitcoin as a deposit/withdrawal method.
While there are dozens of different poker sites that accept bitcoin as a method to deposit and withdrawals only one is reliable, and that is Americas Cardroom. Americas Cardroom is trustworthy, and the deposit with bitcoin on this poker room does not take longer than 30 minutes. Your withdrawal, however, is only accepted if it is made 72 hours after your initial deposit and you got to wager 10% of your deposit in real money games. So if you deposit 100$ in BTC which is around 0.01xxx bitcoin you will have to pay 10$ or 0.001xxx in rake at the poker tables before you are eligible for a cashout.
Americas Cardroom has all that a poker enthusiast can wish for, it has epic promotions, offers original poker formats such as jackpot poker tournaments where you can multiply your buy-in by 100x with just three entrants and has an outstanding loyalty system with instant 27% Rakeback. Also, the poker room offers one of the most generous first deposit bonuses for online poker – 100% up to $1000!
Bitcoin in a nutshell
Bitcoin is a decentralised peer to peer currency that is encrypted and is build using blockchain technology. The blockchain is a distributed ledger technology.
Satoshi Nakamoto is the rumoured founder of bitcoin, but it could never be confirmed. Cardrooms and Casinos are starting to implement cryptocurrencies such as bitcoin as a deposit and withdrawal method because of its many advantages.
Our Bitcoin Poker Guide
This Bitcoin Poker Guide gives you a clear overview of the whole process of getting bitcoin into a poker site and out of. Everything will be made easy for you with straight forward instructions on how to solve potential difficulties coming with Bitcoin Poker Sites
Bitcoin and other cryptocurrencies are a hot topic in the online poker world. Poker Sites and casinos see what advantages it has for their platforms to make use of the new digital form of money. Fast cashouts, secure and encrypted transactions, fewer fees since there are no middlemen involved and because many people simply wish to have the option to deposit and withdraw with bitcoin/cryptocurrency. Bitcoin is getting more and more mainstream and has the potential to eliminate the original way poker has been played, with fiat currency.
Your Poker Chips Wont Be Valued In Bitcoin
The player depositing with bitcoin does not play poker with the currency bitcoin. Before one enters a game the bitcoins (or satoshis) will be converted into fiat currency (EUR, GBP, USD etc.), and when he gets out of the game the net won/loss will be converted into bitcoin and goes into the players account balance.
How To Deposit make deposit with BTC
1. Choose Ammount
Most poker rooms show you how much your bitcoin transfer is worth in fiat-currency(USD, EUR, GBP etc.) before you proceed to make the transaction. Choose the amount of Bitcoin you want to deposit and see if you like the amount you would receive in fiat currency and press “OK” if you are ok with the conversion.
2. Make The Transfer
You will get a bitcoin address that you can send your bitcoin to complete payment to the online poker site. Choose which wallet you want to use to send your bitcoin from and complete the deposit. You should make the transaction promptly because the conversion rate will in most cases be available for a limited time.
Important Note
Make sure to send the bitcoin to the right address.
To ensure you receive the funds, copy the address and double check every letter and digit when making the payment.
The Risks of Playing Online Poker With Cryptocurrency
Bitcoin is a very volatile currency. The technology behind bitcoin (blockchain) is innovative and promising, but the central banks want to regulate bitcoin and co, and if that happens, the value of bitcoins and other crypto’s might drastically decrease.
Noone knows the future; the coin can be worth one million dollars in the future as John Mcafee predicts, or worth nothing.
Make sure you have done your research on bitcoin before you plan to invest in it.