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If you’re thinking of playing poker with Bitcoin, here are a couple of things to know.
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Cryptocurrencies have become incredibly popular during the last decade. It started as an experiment and a trend, but as time passed by, people began accepting the idea of cryptocurrencies. It all lies in the power of the underlying blockchain technology, making everything secure, anonymous, and transparent. Over the years, Bitcoin, the first and more popular cryptocurrency, found its way in numerous industries. One of them is the gambling industry, where people can now play poker and have fun. Of course, companies also accept other cryptocurrencies, but they’re not as popular as BTC.
How to Play Poker with Bitcoin
The first step is to own some Bitcoin. If you don’t have any, you can visit a crypto exchange and purchase it. The process is seamless, like making a deposit with a $1 minimum deposit mobile casino сanada [4]. Immediately after buying the cryptocurrency, you’ll be able to send it wherever you like. Before you take that step, it’s necessary to research and find an online poker platform that accepts Bitcoin. Then, you can create an account and send the Bitcoin from your exchange wallet to your casino wallet. Once the funds are in the casino’s wallet, you can use them to play poker on the platform. Here are a couple of things to know about Bitcoin in the casino industry.
1. More Online Casinos Are Accepting Bitcoin
Bitcoin is gaining worldwide acceptance as an increasing number of businesses are accepting it as an official payment method. The biggest leap in its growth was PayPal’s acceptance [5], which enables its users to make payments with BTC in millions of online stores. The more the cryptocurrency became popular, the more its value soared. Even though it is very volatile, Bitcoin will stabilize in value and be used more often as it keeps maturing. The online casino industry has understood the potential of cryptocurrencies, and numerous casinos have started accepting them as a deposit method. Players can now use BTC to play popular casino games, including poker.
2. It is Secure
One of the reasons why crypto became so popular is its security. The whole system runs on a network of computers that validate the transaction history at all times. That makes the track record incorruptible and secure. That’s what’s giving the value and trust in the currency from the global community of users. On top of that, there’s no governing authority of the whole system. That’s another reason people are fond of using cryptocurrencies and Bitcoin. The only thing that you have to ensure is that you’re using a virus-free computer so that nobody can access your wallet. Other than that, your funds are completely safe.
3. Transactions are Lightning Fast
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Image Source Unlike with traditional payment methods, using BTC to make deposits and withdrawals takes mere minutes [7]. Once you finish playing poker, all you have to do is enter your BTC address and send the funds your way. They’ll appear soon in your wallet, and use them. There are no additional processing times on the brand’s or the bank’s side. That makes the online poker experience even better, as you can manage your funds more easily.
4. It is Anonymous
Even though the whole system is transparent and you can look at all the transactions, everything’s anonymous. Bitcoin wallet addresses are not related to its holder’s personal details. That means that everything you do with your BTC is entirely anonymous. You can see the list of transactions, but all it states are Bitcoin wallet addresses. They are random series of letters and numbers. It’s another reason why so many people popularize the cryptocurrency.
Conclusion
Poker is a popular game enjoyed by millions globally. If you’re thinking of changing things and switching from fiat currencies to crypto, you’ll be happy to know that there are online casinos that accept Bitcoin as a method of payment. Furthermore, other platforms also accept other popular cryptocurrencies, such as Ethereum. It all comes down to the personal preference of which cryptocurrency you want to use.
As time goes by, we’ll see many more online platforms accepting BTC and digital forms of payment. It’s a logical step due to the network's wide range of benefits. Players can make quick deposits and withdrawals safely. Even though traditional payment methods are fast, they remain slower than their crypto counterparts.
Author’s Bio: Emma Rundle is a passionate blogger with years of experience in the iGaming industry. She follows the latest news and stays on top of the industry’s latest developments. She enjoys socializing and you can often find her enjoying a game of billiard with her friends.