..

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

Poker Pro Compares Mike 'The Mouth' Matusow to Domestic Terrorist

Poker Pro Compares Mike 'The Mouth' Matusow to Domestic Terrorist

Poker pro and economist Andrew Barber this weekend compared outspoken fellow pro Mike "The Mouth" Matusow to a domestic terrorist.  Matusow is a devout supporter of US President Donald Trump.

5 Easy Ways to Profit More in Small Stakes Poker Games

5 Easy Ways to Profit More in Small Stakes Poker Games

Small stakes poker games are popular all over the world, both in casinos and online. And many people don’t know that you can actually make a decent amount of profit in these games.

Poker Playing Porn Star Charged With Rape

Poker Playing Porn Star Charged With Rape

One of the world's biggest porn stars and a noted celebrity poker player, Ron Jeremy, has been charged with sexually assaulting four women.

$15 Mil Online Super Series Underway, Virtual WSOP Met With Mixed Feelings

The Americas Cardroom Online Super Series seamlessly got underway Sunday.  The $15 million guaranteed tournament runs through June 28.  Americas Cardroom has seen dramatic growth during the worldwide pandemic as millions of people were forced to stay home and many continue to do so.

The Mouth Talks Chaz, and 5K Bracelet Bet With Negreanu

The Mouth Talks Chaz, and 5K Bracelet Bet With Negreanu

No stranger to political and current events tweets, poker pro Mike "The Mouth" Matusow has chimed in on the new land of Chaz in a multiple block region of Seattle.

Syndicate