Online Poker Sites have always been the responsibility of banks and credit card companies because they could put the brakes on any transferal quickly. The best thing is you don’t have to learn all about Bitcoin to make a cryptocurrency deposit.
Why Bitcoin makes sense to play Bitcoin poker online in the US?
There are a number of reasons why online poker makes sense for cryptocurrencies, but it really depends on the needs of players.
Bitcoin is very reliable and safe when you understand how to use it. In comparison to banks, this is primarily the case because bitcoin is decentralized.
Perhaps bitcoin’s largest attribute is how fast it is for online poker. You can play poker with Bitcoins in the US in a matter of minutes instead of days once you have Bitcoin. Deposits are only that heavy.
Withdrawals are also swift, but typically it takes a day or two to be charged for your poker payoff because the payout sum must be checked online to prevent money laundering.
The search to withdraw from other online poker options is still much better than waiting weeks.
Poker rooms with Bitcoins have some of the lowest charges in competition with banks and credit cards. If you want to speed up your poker transaction, you can actually pay a little higher fees.
Many people wouldn’t agree that bitcoin is easier to use than a credit card, but it is somewhat easy once you get used to this idea.
Playing Poker with Bitcoin
The odd thing about playing poker using bitcoin is that you don’t really use bitcoin at the poker table.
The vast majority of online poker websites convert Bitcoin to USD as it becomes a player’s wallet. There are some reasons why online sites do so, but the main reason is to give players a break from crypto-monetary uncertainty.
The only time you have to think about the Bitcoin fluctuations is after you withdraw. You can pay the withdrawal to USD via an online exchange or Bitcoin ATM, but you cannot get hard cash from the website.
If you are worried about Bitcoin instability, you should have a plan to convert your winnings to USD immediately.
You can set up your own digital wallet before you even buy bitcoin. In many ways Bitcoin wallets come, like web, desktop, smartphone or even a physical flash drive, for additional safety.
Some people exchange their bitcoin, but there have been some problems with exchanges in the past, so it’s best to have your own wallet
On the other hand, you may be okay if you just get Bitcoin to deposit directly into an online poker platform. Probably fine if you leave less than $100, but proceed at your own risk.