Is it a wise idea to deposit with bitcoin in an online poker?

To play poker online, monetary transactions are done online. And the poker site gives you several options to make the online deposit. Bitcoin is one of the options with which you can make a deposit. Bitcoin is the digital currency that is stored in your digital wallet. You can send and receive bitcoins from the digital wallet instead of the actual cash exchange.

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Bitcoin is also known as cryptocurrency. And when you are investing through bitcoins, you can experience a speedy and safe transaction. You just need to have a bitcoin wallet to make the deposit. When you browse through the cashier page while making a payment, choose bitcoin as the payment method. While paying, you will be redirected to your wallet for completing the transaction. Let’s see how much is it beneficial compared to other payment methods.


  • Relatively faster withdrawal – After winning a game, withdrawal is the best part. That is the moment of truth of winning. Most of the poker rooms take around 5 days to process the withdrawal. Bitcoin, on the contrary, can be withdrawn within 24 hours of winning. Who would not want to experience the most delightful moment without a wait time? And that is what makes bitcoin a preferred mode of deposit while playing online poker.


  • Privacy policies – Privacy is the main aspect of bitcoin. It was created and launched in the year 2009 with an idea to make transactions more private and fast. Bitcoin is a decentralized unit with no government intervention over the transactions made. Therefore, you are making the transactions without giving away your details. And this makes it safer and cannot be hacked


  • Lower fees – There are transaction fees levied in any mode of payment. And so do you have to pay even while doing the transaction through bitcoin. However, the fee is comparatively very less than a transaction done through the bank. The fee is no nominal that you won’t probably even notice while playing.


  • Secure transactions – Usually, when doing online transactions, you are required to submit your details. However, because the bitcoin allows private transactions, those details are not required. You just have to provide a cryptocurrency wallet address and the username. This makes your transactions secure and you can be reluctant while doing it. It is a convenient method of making smooth transactions.


  • Extra bonuses – Online poker sites do offer bonuses and promotions to attract new players and retain old ones. You get a bonus rate if you make the transactions through bitcoin. Even there are lifetime bonuses for players using bitcoin for making deposits. Other rewards include some free spins or tickets to special events.


  • More earning – The price of bitcoins keep increasing as it is a subject to capital gains. Hence, if after winning you keep the money and withdraw it later, you may get almost 10 times more. So, more value-added.


You are in a win-win situation if you are using bitcoins at online poker. And in a way you are gaining more.