Bitcoin Online Poker – Old Game in a New Style

Bitcoin and other cryptocurrencies have been successfully used in online poker for several years now. In 2012, the American Brian Micon launched the first cryptocurrency poker room called Seals With Clubs. Since 2012, many Bitcoin poker rooms have been created, but many of them have already closed. High competition in online poker and low interest in cryptocurrency at that time did their job. Only now, when the topic of cryptocurrencies has gained popularity, bitcoin poker Australia rooms have a good chance of surviving.

What are the Benefits of Online Poker with Bitcoin?

The answer is very simple, bitcoins are perfect for online poker. Using bitcoins is safe, fast, cheap, and anonymous. In addition, at the moment a greater number of poker rooms pay attention to bitcoins, so they allure with special bonuses to make players deposit in bitcoins. It is also worth noting that the fees for deposits and cashouts in Bitcoin are significantly lower compared to other methods.

So, the main advantages of Bitcoins are:

• Anonymity. The use of BTC for deposits and withdrawals is not tracked. It is possible to fund an account from a country where it is forbidden to play poker with bitcoin online.
• Mining. Having a powerful computer, you can get cryptocurrency by participating in the emission of new blocks in your free time.
• Fast payments. Despite the conversion and use of partner platforms, BTC deposits are instant. And the withdrawal of money is carried out faster than to a bank card.
• Low commission. The commission for transfers is absent or lower than that of traditional payment systems. Poker rooms do not charge a commission for depositing and withdrawing money with cryptocurrency.
• Low rake. Lower costs for checks, commissions, and transactions allow poker rooms to collect less commission from the tables than in regular poker rooms.
• Special bonuses.

How to Use Bitcoin to Play Poker?

Here are the main tips to follow:

• Choose your bitcoin online poker room responsibly. License, independent comments, reviews, reputation on the forums – any information helps to learn about the pros and cons.
• Do not keep large amounts of bitcoins both in poker rooms and in your wallet. Due to the high volatility, their value changes every day. It is better to keep several buy-ins of your limit in the room.
• If you want maximum anonymity, use a new address for each transaction. Some wallets do this automatically.
• Be careful when making transfers as a Bitcoin transaction cannot be cancelled.

How to Claim Bitcoin Received from Online Poker?

To get your earnings in bitcoins, you will need a corresponding bitcoin wallet where you can save this cryptocurrency. Bitcoin poker machine casinos will demand providing them with your wallet address, but that is all the information they need. You can then exchange the earned cryptocurrency for your preferred fiat money. The top bitcoin poker websites usually present their own guides so that you can successfully withdraw your winnings.

How to Take Advantage of Bitcoin Prices when Withdrawing and Depositing to Poker Sites?

To succeed in poker with such cryptocurrencies as bitcoin, you need to choose the right time to deposit and withdraw funds, you stand a chance of winning more. When playing poker with bitcoin, you need to watch the industry and withdraw your winnings when their value peaks. Certainly, as in any market, you have to spend some time analyzing the volatility and guessing the correct time to exit the crisis.

The ability to replenish an account and withdraw money from rooms using bitcoins is useful to some players. Basically, those who need to remain anonymous. In addition, cryptocurrency allows you to play in closed markets with a large number of weak players.