Bitcoin poker has emerged as one of the most popular crypto gambling games as individuals wager their digital assets. In this guide we discuss the pros and cons of playing poker using bitcoin as well as other crypto tokens.
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Bitcoin Poker Pros & Cons
Pros
Much easier deposits and withdrawals
Makes signing up for online poker sites easier
No rejected credit card transactions
Cons
Funding can be more technical if you’re not familiar with crypto
Gambling can be addictive
Setting up a Bitcoin Poker Account
It is easy to set up a Bitcoin Poker Account following the steps outlined below:
- Choose a Bitcoin-specific poker site or a poker site that accepts the cryptocurrency as a funding method. We have a few listed in this article, but there are many to choose from.
- Set up an account on the site, providing the necessary information, including your email and a password.
- Choose to fund your wallet with Bitcoin (or another accepted crypto)
- Follow the steps, including copying the wallet address that you are to send the Bitcoin to.
- Go to your external crypto wallet, select the amount you want to send, verify the network fee, and paste the Bitcoin address you got from the poker site.
- Send your funds
- Wait
- Once your funds are deposited, you can begin playing poker. Depending on the site, your Bitcoin may be automatically converted into USD, or kept as BTC and therefore subject to value fluctuations.
Bonuses for Bitcoin Deposits and Depositing with Crypto
Many poker sites offer larger first deposits when you fund your account with Bitcoin instead of using a bank account or credit card. This is because BTC payments usually cost the site less in fees.
Another advantage is that if they hold Bitcoin and its value rises, they benefit when converting it later.
Most poker sites also accept other cryptocurrencies, and bonuses can vary depending on which crypto you use.
You should always check how a site handles your cryptocurrency deposit. Some sites automatically convert your crypto into fiat currency, while others keep it as crypto. It’s advisable to choose a site that keeps your deposit as crypto rather than converting it immediately, as this allows you to benefit from price increases.
Other cryptos commonly accepted are Litecoin (LTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), and Ethereum (ETH).
Is Bitcoin Poker Free?
No, Bitcoin poker is not free; you need to fund your account to play, which can often be done with credit cards or a bank account in addition to Bitcoin.
There are sites that offer you bonus money on your first deposit, though, and often higher bonuses for Bitcoin deposits.
Most poker sites also offer play money accounts so that you can get familiar with the software without putting any real assets at risk.
Is Bitcoin Poker Safe?
It depends on the operator.
There are some online poker sites that have been operating for years and have proven their record as safe places to play, but there are also shadier sites that don’t offer a huge amount of credibility.
Be cautious when picking an online poker site, especially if it’s a site that doesn’t have a long track record.
How to Deposit Bitcoin into Poker Account?
To deposit BTC into a poker account, first choose it as a deposit method. Next, copy the address the site provides for you to send the Bitcoin to.
Then, go to your Bitcoin wallet and paste the address and decide how much you want to deposit. Verify the address and the network fee before sending the transaction. Once sent, you just have to wait for it to be received by the site.
Most poker sites will immediately convert your playing balance into USD (or a similar fiat currency) so that you don’t have to worry about the volatility of cryptocurrency while playing poker.
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