..

Benefits of Using Bitcoin With an Online Poker Site - Low Fees

Written by:
Guest
Published on:
Jul/12/2018

There are a number of advantages to playing at an online poker room using bitcoin and other cryptocurrencies, the most important of which perhaps are the low fees.  Online poker rooms like Americas Cardroom now offer close to 60 options for funding a betting account and receiving payouts.

  • First, it’s the cheapest way to fund your account. With the exception of the miniscule “miner’s fee,” there are no transaction fees whatsoever.
  • Second, Bitcoin is faster than any other payment method. There’s no waiting for transactions to clear: as soon as your deposit is verified, your Bitcoins are converted to poker chips in your account.

Some credit card issuing banks do not allow their cards to be used for gambling transactions. As such, bitcoin offers an excellent alternative

Simply sign up with a cryptocurrency exchange (Coinbase is among the most popular) that operates from your country.  Submit the required identification.  Typically the exchange will pull two micro-deposits of around 2 to 10 cents from your account.  Once the account is verified it can be linked to the cryptocurrency exchange. You can then send and receive money through the exchange, converting to bitcoin (for betting) and back to your normal currency (when receiving a payout). 

It is advised to utilize a secure cryptocurrency wallet as an intermediary. Our friends at Americas Cardroom provide all the information you need to know here.

- Ace King, Gambling911.com

Poker News

Phil Ivey Launches World's First Multiverse NFT

Phil Ivey Launches World's First Multiverse NFT

Its debut three-dimensional NFT artifact is a collaboration between poker legend, Phil Ivey, the pioneer in luxury footwear and customization space, The Shoe Surgeon, and the world's largest sneaker conventions and industry leader, Sneaker Con. The NFT will officially drop on October 28th at 9 PM PST and will be available on auction for 72 hours.

Report: Mike Postle Owes Mom $80K

Report: Mike Postle Owes Mom $80K

A California bankruptcy court is currently considering the involuntary-bankruptcy petition filed against him by Veronica Brill and Todd Witteles, and the new figures were included in Postle’s latest filing with the court, according to PokerTube.   He claims to owe 25 separate debts.

Michael Addamo Wins WSOP Bracelet Number 3

Michael Addamo Wins WSOP Bracelet Number 3

A regular on the high stakes tournament circuit, Michael Addamo took home his third World Series of Poker gold bracelet and the $1,132,968 that came with it.

Adam Friedman Defeats Phil Hellmuth to Win WSOP $10k Dealer's Choice for Third Straight Year ($248,350)

Adam Friedman Defeats Phil Hellmuth to Win WSOP $10k Dealer's Choice for Third Straight Year ($248,350)

Bracelet number 17 was not meant to be...at least not yet.   Phil Hellmuth, the record 16 World Series of Poker bracelet winner, was taken down by Adam Friedman Wednesday night in the Dealer's Choice Championship.

The Sunday Special Pot Limit Omaha at America's Card Room

Pot Limit Omaha gets some much-deserved attention at America's Cardroom with the weekly Sunday Special PLO at 2:30pm ET.

Syndicate