Cryptocurrency Payment Review – The Future of Online Poker

Playing Poker Online with Cryptocurrency

Bitcoin has received a lot of media coverage over the past few years, and for a good reason: not only is it a revolutionary form of currency, but crypto is also the quickest vehicle for funding your online gaming account and getting started playing right away. Bitcoin and crypto poker eliminate the hassle and restrictions that come with using traditional payment methods like credit cards and bank transfers.

However, the likelihood of online poker rooms, casinos, and bookmakers accepting cryptocurrency as a payment option in the near future is high, despite the fact that some countries are more permissive than others when it comes to online gambling’s use of cryptocurrency.

Poker with cryptocurrency is here to stay.

The original purpose of cryptocurrency was to compensate for the shortcomings of the so-called fiat monetary system. The underlying technology that makes cryptocurrencies possible is called Blockchain. It is a distributed, decentralized system that provides an immutable digital ledger for recording transactions and holdings. Cryptocurrencies are typically developed on a decentralized ledger and traded on numerous exchanges and decentralized platforms.

There are thousands of different digital currencies, coins, and virtual assets that can be categorized as crypto money, with Bitcoin being the most well-known.

List of Poker Sites that Accept Bitcoin and Crypto Payments

U.S. players can legally play poker online, but their bank may still reject their deposits if they are used for online gambling. Thankfully, there is a highly trustworthy option: Bitcoin. Technology that was once considered an option only for technical geniuses is now widely available to the general public.

Create a Bitcoin wallet in minutes and use it to make instant deposits at the best online casinos in the world. Read here to find out why US-friendly poker sites that accept cryptocurrency deposits continue to thrive. Most of them are found in countries in Central America and the Caribbean.

The following is a list of online poker rooms that accept Bitcoin or other cryptocurrencies as payment:

• Nitrogen Poker
• CoinPoker
• BetOnline
• Intertops
• Natural8
• Bovada
• Bodog.eu
• GGPoker
• Americas Cardroom, BlackChip Poker, True Poker
• SwCPoker
• Ignition Poker

Why Play on Crypto Poker Sites? 4 Benefits

Some may wonder if Bitcoin is a good option for online gambling. Bitcoin and other cryptocurrency payment options have a number of advantages over traditional payment methods, including lower transaction fees and faster transaction times. By making deposits and withdrawals exclusively in cryptocurrency, players at poker sites that support this option can hide their identity.

Let’s run down the main advantages of using crypto online poker sites:

1. Games are easily accessible

There are a plethora of rules and laws governing the poker industry that all have an impact on how and where people can play the game. A large number of states in the United States have laws that make it illegal to sign up for and make deposits to online gambling sites.

The impact of Bitcoin on this scenario is unclear. The ability to gamble with bitcoin allows many poker fans to avoid breaking their country’s strict gambling laws. Some nations, for instance, have prohibited the use of conventional banking services by gambling establishments. Bitcoin, on the other hand, is difficult to censor because its transactions are handled by a decentralized system that places the users in complete charge of their own money. Since many gambling sites only accept Bitcoin, you’ll have access to games you couldn’t play before.

2. Improved speed and lower costs for deposits and withdrawals

It can take anywhere from one to three business days for a bank transfer to reach your poker account. Bitcoin and Ethereum deposits typically settle within three to thirty minutes. Deposits made with a credit card or electronic wallet may incur fees, but cryptocurrency deposits are typically free or have very low fees.

3. Soft poker games

Poker, like any game played for any length of time, comes down to player skill. While luck plays a significant role in your short-term results, it will become less of a factor in your long-term financial success as you play more hands. However, you can boost your earnings from poker in numerous ways.

The simplest solution is to look for games with less serious competitors. The likelihood of soft games at the poker tables increases when other games, such as a sportsbook or online casino, are readily available. When compared to traditional poker sites, crypto poker sites can be a good way to increase your average winnings.

The reason is that wealthy crypto owner can use their coins to play cards at online casinos. You don’t want to get in the water with poker predators if you can play with virtual currency fans and recreational players instead, so give a few various gambling websites that embrace bitcoin transactions a shot to find games that are a good fit for your skill level and that you can win easily.

4. Confidentiality with money

Financial transactions are easily tracked when using a credit or debit card (or a bank transfer) because information is left with the processor. The crypto community places a premium on secrecy. No one should be able to track your Bitcoin transactions or find out how you spend your money.

There are no know-your-customer (KYC) requirements at some bitcoin poker sites. Unfortunately, only a small fraction of businesses accept cryptocurrency deposits, so you won’t find many of these sites.

How do you Choose a Reliable Crypto Poker Room?

No single cryptocurrency poker platform will satisfy the needs of every gamer. Every player comes to the table with their own set of resources, home base, preferred games, and desired stakes. As a result, there are details to keep in mind as you shop around for a poker site that accepts cryptocurrency deposits.

You want to try a few different things, and, hey, most sites have sizable first-deposit bonuses you can clear! Cryptocurrency and fiat currency deposits are both eligible for bonuses. It will only take you a couple of minutes to sign up for each site, and you can quickly increase your bankroll.

So without further ado, here are some things to think about:

Freerolls, VIP schemes, and Rakeback are all available to players.

There is intense competition among online gambling sites, and poker sites are no exception. Bonuses on first deposits, rakeback, and VIP schemes really spoil new players. When visiting a poker site for the first time, the welcome bonus will be the first thing you see.

It’s not true that all Rakeback and VIP programs are created equal. Because of this, high-volume players should pay special attention to the bonuses and other benefits offered by each poker site they consider joining.

The number of players, types of games, and betting limits.

In our online poker room guide, we stressed the importance of considering the volume of players and the variety of games offered before making a final decision about where to play. In order to win on the regular, you need to locate games that are regularly played at stakes that you are comfortable with, as well as opponents who are in it for fun.

After signing up for a poker site, you should log in and look around the lobby to see if there are any cash games or tournaments you’d like to join before you commit any money. Start playing with confidence if there are a number of high-quality tournaments or tables from which to choose.

Only a handful of countries have strict travel restrictions.

When it comes to playing from specific countries, poker sites that accept cryptocurrency deposits vary widely. Players from the United States have a number of excellent options for online poker rooms, including America’s Cardroom and Ignition Poker. GGPoker and Natural8 are two options worth considering if you live in Europe or Asia.

However, Full House Clubs experts will discuss how the number of players and the range of stakes on offer are affected by choice of available countries in greater detail below. First, before you sign up as a customer and start playing the tables, make sure your country is supported.

Dependability and confidence in the service provider.

Suppose you’ve located a site that offers high-quality games and is accessible from where you are. The credibility and standing of the poker room is the next factor to consider. You can learn more by reading our in-depth reviews (like this one), researching the topic on poker forums, and even consulting with a few poker buddies about their personal experiences.

You can learn much about a website’s reliability based on what other users have said and written about it online. Pay no attention to those who complain about bad beats; they all have the same story to tell about how online poker is rigged because of a biased random number generator, which is obviously not the case if you look at the consistent results of winning poker players.

6 Steps on How to Play Crypto Poker

If this is your first time using Bitcoins to play poker online, you’ve come to the right place to learn the fundamentals. In order to play online poker with bitcoin, we have compiled this guide to help you through the process of buying bitcoin and transferring it to an online poker site. Users of cryptocurrencies enjoy perks that are unavailable to those making purchases using more conventional means. Poker players, like David Peat (who don’t like playing with cameras), may prefer not to reveal their financial information to third parties, so the anonymity and privacy offered by cryptocurrencies is a major plus when it comes to funding their poker accounts in some countries.

You’ll be able to fund your gambling accounts with minimal transfer fees and no banks involved if you follow these steps. Then you can have fun participating in poker tournaments or playing for cash. Right away, let’s get to work!

Step #1: Open a trading account.

You will need to acquire bitcoin unless you already have some in a bitcoin wallet or an exchange account. To do this, one must sign up for an account with an exchange and then fund that account using one of the exchange’s accepted deposit methods. The other option is to have a friend send you bitcoin by providing them with your bitcoin address.

A cryptocurrency exchange can serve as a wallet for your BTC and a trading platform for fiat currencies like the US dollar or the Euro against bitcoin and other cryptocurrencies. Be prepared to send a copy of your Driver’s license or passport to most reputable exchanges as proof of identification.

Since using a shady exchange can be extremely risky, we advise only using the major legal exchanges in most countries. Therefore, we evaluated the top major marketplaces and wrote reviews for your convenience:

Step #2: Buy some cryptocurrency.

Once your account has been verified, you can start buying cryptocurrency on an exchange like Bitcoin, Ethereum, Bitcoin Cash, or Litecoin.

In most cases, you can fund your foreign exchange account with a wire transfer, credit card, or debit card deposit of INR, USD, or EUR. The processing time for a credit or debit card transaction is typically minutes, while a bank transfer can take anywhere from one business day to four.

After funding your exchange account with INR, USD, or EUR, buying cryptocurrency is a breeze. Keep in mind that the market value of your bitcoins will fluctuate after you acquire them. Both poker games and cryptocurrency can be volatile when played online.

Step #3: Create a cryptocurrency wallet.

While it’s true that you can use the wallets provided by some exchanges to fund your accounts at bitcoin poker sites, it’s still a good idea to set up your own wallet if you want to ensure the safety of your cryptocurrency holdings. You can store your cryptocurrency in one of five distinct types of wallets: online, mobile, desktop, hardware, or even paper. Many crypto enthusiasts turn to offline storage methods like hardware or paper wallets to safeguard their private keys.

The most convenient (and cost-free to create) way to use cryptocurrency to fund an online poker or gambling account is by using a digital wallet service. As one of the few wallet apps to support multiple fiat currencies in addition to bitcoin transactions and other cryptocurrencies, Wirex comes highly recommended. You can use a mobile device or a computer to get to your wallet.

Step #4: Transfer Cryptocurrency to a Wallet

To send bitcoins from an exchange, enter the amount you wish to send and your bitcoin wallet address, then copy and paste the address into the exchange’s transfer form. Use two-factor authentication to verify the purchase.

Step #5: Join an online poker room.

For those who haven’t already done so, creating a bitcoin poker account is as simple as filling out the required fields at a site that accepts crypto deposits.

If so, which online poker room best suits you if you only have a bitcoin budget? The best cryptocurrency-accepting poker sites, in our opinion, are:

• Black Chip Poker
• Americas Cardroom
• GGPoker
• Natural8 Poker
• PokerBros

Step #6: Fund your poker account with bitcoin.

This completes the process required to use cryptocurrency to play online poker. Use bitcoin to fund your poker account by visiting the cashier and making the appropriate selection there. Enter the desired deposit amount, copy the poker site’s BTC address, and then paste it into the appropriate field in your cryptocurrency wallet’s transfer interface.

Enter the sum you wish to transfer and hit “Send.” The cryptocurrency poker room will now wait for your transaction to clear before continuing. After no more than 15-30 minutes, your poker balance should be updated, and you’ll be ready to start playing cryptocurrency poker.

You can cash out and spend your bitcoin poker winnings if you come out ahead.

Frequently Asked Questions

Are there any restrictions on poker sites that accept bitcoin deposits?

Even if they accept bitcoin deposits, licensed online poker sites are still within the bounds of the law. Gambling websites now accept bitcoin in addition to their existing payment methods. If you are able to play poker on a website with U.S. dollars or euros, you are also able to play on that website with bitcoin.

How can you use Bitcoin to play poker online?

Finding an online poker room that is willing to accept Bitcoin deposits is the first thing you need to do if you want to play poker using bitcoins. The recommendations we have for crypto-friendly Bitcoin poker sites can be found in step 6 of this guide.

What are the advantages of using poker websites that accept bitcoin as a payment method?

The primary advantages of playing poker in online poker rooms that accept bitcoin are increased privacy and anonymity and the opportunity to play poker in easier games with all poker variations, such as Texas Hold’em and Omaha. On many different crypto poker websites, in addition to poker, you can also play a wide variety of other games, such as sports betting, blackjack, and other casino games.

How do I cash in my Bitcoin winnings from playing online poker?

Visit the poker room’s cashier and make a withdrawal request to have your winnings transferred to your bitcoin wallet. If you want the withdrawal process to go as smoothly and quickly as possible, make sure that you have finished any Know-Your-Customer or identity verification that was required by the poker room.

How can you convert your Bitcoin into cash and place it in your account?

You can exchange bitcoin for Indian rupees, US dollars, or Euros on Wirex and on most other exchanges. After completing the conversion, you can submit a cash-out request to your bank. You can also order a Wirex debit card, which enables you to make purchases and cash withdrawals at most retail establishments and automated teller machines. Step 3 of this guide contains additional information about Wirex that can be found there.

How can one determine the current prices of various cryptocurrencies?

You can convert any amount of cryptocurrency to INR, USD, EUR, or any other currency by going to XE and using the converter on the front page of their website. CoinMarketCap is another place where you can check current prices.

Which bitcoin wallet is the most secure to use for making deposits?

Wirex is the digital wallet that has received the most positive feedback from our users to date. Step 3 of this guide contains additional information about Wirex that can be found there.

Where can I find the most reliable marketplace to purchase bitcoins?

Coinbase is the most trustworthy and secure US-based exchange, and it is also the most user-friendly because users have access to both an exchange and a wallet within the same platform.

Which are the most reputable online poker rooms that take bitcoin deposits, and where can I find them?

Because it was the first of the larger and more reputable poker rooms to start accepting bitcoin and other cryptocurrencies as a deposit method, GGPoker comes highly recommended from our end. Contacting GGPoker’s customer support team or going to the website’s deposit and withdrawal page and selecting your country from the dropdown menu are two options for determining whether or not crypto deposits on GGPoker are available for poker players in your region.

How can I make the most of the current bitcoin price when making withdrawals and deposits to online poker sites?

Due to the fact that bitcoin is significantly more volatile than conventional currencies, you have the opportunity to increase your earnings by strategically timing your deposits and withdrawals. We strongly suggest keeping an eye on the cryptocurrency market so that you are prepared to convert any winnings into INR, USD, or EUR when bitcoin prices are at an all-time high. The opposite is also true: if the price of bitcoin is low, it is a good time to invest more money in cryptocurrency so that you can profit from an increase in its value in the future.

Do online poker rooms that accept bitcoin offer bonuses?

Yes, it is in your best interest to check out all of the active promotions on the top Bitcoin poker sites in order to make the most of any welcome or reload bonuses that may be available. There are a lot of online poker networks that accept bitcoin, and many of those networks offer Rakeback deals to their players. Regardless of the stakes of the poker games you participate in, bonuses provide a welcome source of additional cash.

When you sign up for a Rakeback deal, you will have the opportunity to win additional money by participating in poker cash games and tournaments, including Hold’em and Omaha.