Bitcoin Poker
Online poker has come a long way from the basic, glitch sites that first attained popularity back in the early 2000s. Now, there are thousands of sites all offering many different varieties of the game of poker we know and love. With so many sites in existence, choosing just one at which to play becomes a challenge. Without putting in a bit of time to do research and fact-checking, you may find yourself at a site that does not at all align with your specific needs and desires.
Before even looking at the game offering boasted by an online poker room, you will first want to check out the different methods of deposit the site accepts. After all, if you cannot fund a player account you will not be playing online poker anytime soon. Once you have established that yes, indeed, a specific site accepts your method of deposit, you can begin playing. There are so many different deposit options too, so it would behoove you to figure out the avenue by which you would like to deposit before committing to a site. Bitcoin is one of the newest forms of deposit, and by way of this article you can learn a bit more about poker rooms accepting Bitcoin deposits for real money poker play.
Best Poker Sites Accepting Bitcoin Deposits
As was previously stated, bitcoin poker sites are still fairly new and a bit limited in quantity. Having said this, there is still plenty of these sites in existence and all of them are looking to acquire your business. Choosing where to play poker for real money with bitcoin deposits is not as difficult as you might think, but the site that is the best is something that only you can decide.
The one thing we can say about bitcoin poker rooms is the fact that they are currently offering some of the best bonuses and promotions in the industry. Being new, these sites are looking to do anything they can in order to draw business away from traditional poker rooms.
As a growing segment of the industry, bitcoin poker websites are being added seemingly every week, so it will be interesting to see how many of these poker rooms end up making a big name for themselves.
Bitcoin Deposits
Founded in early 2009, Bitcoin confused many people when it was first released. We could go on and on about what exactly bitcoin is and how it functions in the modern world, but we are only concerned with how this new cryptocurrency can be used to play your favorite poker games.
At its core, bitcoin is identical to any of the currencies we have come to know and use throughout our lifetime. Able to be used to purchase goods, pay for services, and even play a hand of poker, bitcoin has become increasingly commonplace across the global economy. The only difference between bitcoin and most traditional currencies is the fact that bitcoin solely exists online, and cannot be held in any physical form. Another major difference is the fact that bitcoin does not force one to deal with major banking institutions and governments. Bitcoin is completely private and free from governmental control, which means that its value cannot be easily manipulated through the printing of more dollars or the creation of more bitcoins. The fact of the matter is that there is only a finite number of bitcoins available and they can never be reproduced or printed off.
Through a block chain of anonymous yet verifiable transactions, the total number of bitcoins in circulation at any one time is able to be verified. When it comes to depositing at bitcoin poker websites, the process of uploading funds is really none too different than it is if you were to deposit via a credit or debit cards.
Pros and Cons to Using Bitcoin
Pros
- Transaction anonymity ensures that your personal information is safe and secure
- You do not have to deal with governments, banks, or other large financial institutions
- Withdrawing funds is extremely quick and easy
- Bitcoin poker rooms offer great bonuses
Cons
- A new currency is not always easy to trust
- Bitcoin’s value is extremely volatile compared to traditional, fiat currencies
- Bitcoin poker rooms are still limited, but growing
Frequently Asked Questions About Bitcoin Deposits
How safe are bitcoin deposits?
Believe it or not, some people argue that there is no safer form of depositing money to an online poker site than via bitcoin. With every transaction that ever occurs able to be viewed by the entire world, there is almost no opportunity for you to have to deal with unscrupulous characters, or those who are able to rob you blind. Though new, bitcoin transactions are extremely safe.
How long before a bitcoin deposit shows in a player’s account?
As is the case with most other methods of deposit, bitcoin deposits at real money poker sites show up and are able to be played with almost instantly.
Can you withdraw bitcoins?
Yes, withdrawing bitcoins is one of the easiest ways by which someone can withdraw funds.
What are fees associated with bitcoins?
The fees tied to a bitcoin transaction are determined by the poker room at which you are playing. Some sites will offer minimal fees or no fees at all, while others will hit you hard when it comes to fees. Doing a bit of research before depositing will ensure that you are never caught off guard by deposit fees.
What are bitcoin deposit minimums?
As is the case with fees, the minimum deposit allowed to be made at a real money online poker site is something that is determined by the site. Typically, however, deposit minimums tend to be in the range of a bitcoin amount equal to $20.