..

The Pros of Using Bitcoin to Play Online Poker (Part IV)

Written by:
Ace King
Published on:
Dec/04/2018

In this article we look at the pros of using Bitcoin to make deposits and play real money poker online.

Before reading any further we suggest checking out the first article in this series - How Do I Use Bitcoin to Play Poker Online.

Watch the video below then we will explain why Bitcoin is great to use with Internet poker rooms like Americas Cardroom, which offers up to $1000 in FREE BONUS MONEY.

Also See:

How Fast Does It Take To Get Paid Using Bitcoin?

How Much Bitcoin Do I Need to Play Poker Online?

How Much Bitcoin Do I Need to Play Poker Online?

The Pros of Using Bitcoin to Play Online Poker (Part IV)

The Cons of Using Bitcoin to Play Online Poker (Part V)

 

Pros of Using Bitcoin to Play Poker Online

Lightning Fast Payouts - Typically within just a few hours.  You don't even need to have an exchange linked to your bank account in order to request a payout (though it is recommended).  Simply download a secure wallet.  This takes a matter of minutes.

Low Fees - Much lower than any other method used in transfers.

Ease of Use - Because some credit card issuing banks do not allow their cards to be used for gambling purposes, the charge (amount you wish to send to bet with) might be denied.  Other methods of opening an account or sending funds could prove less convenient.  With Bitcoin it is just a matter of copying and verifying an address (also known as a token stamp). 

Great Bonuses - Because this is such an inexpensive and easy means of sending funds to the online poker room, sites like Americas Cardroom typically offer more enticing bonuses.

Anonymous - There is no way of tracing where funds are going to or coming from when using a Bitcoin secure wallet.  Keep in mind that funds transferred to your bank account are subject to being taxed.  

Increase Your Winnings - If you are one who believes the price of Bitcoin is going to continue to go up, keep a portion in your wallet to increase its value.  ONLY KEEP WHAT YOU COULD LOSE.  It's like the stock market only more volatile.  As of early December 2018, the price of Bitcoin was way down but this benefits those looking to invest as we are in a buyer's market.

Ability to Play Online Poker From Countries Where it was Tough in the Past - In some regions of the world (primarily in Asia, Africa and even some Latin American countires) moving money has not always been easy.  Argentina, as an example, makes it very difficult to receive funds from the United States via traditional bank methods and even via the likes of Fed Ex and similar carriers.  Bitcoin removes many of these barriers provided exchanges are allowed in one's country of residence.  Some countries do not allow exchanges to operate and Gambling911.com does not highly recommend use of third party ventures (i.e. individuals or companies that offer to buy Bitcoin on your behalf). 

- Ace King, Gambling911.com

Poker News

Winners From 2022 Seminole Hard Rock Poker Open Big 4 Championships Revealed

Winners From 2022 Seminole Hard Rock Poker Open Big 4 Championships Revealed

For the seventh consecutive year, the Seminole Hard Rock Poker Open (SHRPO) concluded with the crowning of The Big 4 champions at Seminole Hard Rock Hotel & Casino Hollywood.

Natural8 Poker Ambassador kitty kuo Wants New Boyfriend

Natural8 Poker Ambassador kitty kuo Wants New Boyfriend: "Only Need to See 5 Times a Year" and "No Franch"

At the conclusion of this year's World Series of Poker we learned that Asia's largest online poker room, Natural8, ambassador Kitty Kuo was publicly seeking a new boyfriend....but her busy schedule might not allow for it.  Not to mention she's a little picky.

The Mouth Speaks Out About Mar-A-Lago Raid

The Mouth Speaks Out About Mar-A-Lago Raid: "Better Have Goods or Trump Will Win in Massive Landslide in 2024"

Plus poker player Dan Shak charged with ‘spoofing’ precious metals markets

The Mouth Takes on Poker Pro, Economist Andrew Barber: "I Don’t Think You’re an ***hole, I Just Think You’re Brainwashed"

Mike "The Mouth" Matusow, one of poker's most successful players, has been ranting over the past 48 hours about everything from anti-Trumpism, President Joe Biden running for re-election in 2024, the WSOP failure to punish player who are tardy to tournament events and puberty blockers?

To Tip or Not to Tip the World Series of Poker Dealer

To Tip or Not to Tip the World Series of Poker Dealer

The question of the day: "You win the WSOP Main Event for $10,000,000 and have 56% of yourself. How much do you tip? 2.025% of the prize-pool was withheld for staff ($1,754,257) outside of the rake ($4,093,267)?"

Syndicate