How to Play Bitcoin Poker
Table of Contents
If you’re an online poker player, you have probably heard about Bitcoin Poker. Bitcoin, or BTC, is a digital currency that is acceptable by the online gambling industry, and the world, by storm. Let’s find out how to play bitcoin poker.
This new currency is gaining a lot of momentum since 2009 (its launch), and these days you would come across a top online poker site that does not offer Bitcoin as a payment option.
Where to Play?
The list of places that accept Bitcoin grows every day, with more and more businesses becoming open to this new and improved way of purchasing goods and services over the Internet.
Bitcoin has revolutionized the way we do things on the Internet, including playing poker. You can trade Bitcoin between people around the world, including chips at online poker sites.
Online poker with Bitcoin offers fast gaming action safely and privately from the comfort of your home. Poker has always been a highly competitive and popular game and using Bitcoin just adds to its appeal. It is a game of skill, patience, and strategy, making it a good option for serious players, but easy enough for new players to enjoy.
Here are some of the top poker sites in the world.
Recommended Bitcoin Poker Sites
- CloudBet
- Betchain
- 7Bit Casino
- Katsubet Casino
- Mirax Casino
How To Get Started At Bitcoin Poker Sites?
Getting started with any bitcoin poker site is not an easy task but it is not that hard as well. You just need to follow some easy steps to get everything settled while choosing the best online poker bitcoin site in New Zealand. Some of the important and considerable steps to have the best live poker experience are mentioned below
Create A Bitcoin Wallet
You cannot directly add bitcoins using exchange so you will need to create a Bitcoin Wallet which can be accessible for depositing or withdrawing your amount to any Bitcoin poker site. This wallet can be used to store your bitcoins or cryptocurrencies which you wish to use while playing live poker games. Both online and offline, there are a lot of choices where you can try to get a bitcoin wallet. You can do the study and select the option that best suits your needs.
Buy Bitcoin
As soon as you have a wallet, you must purchase some Bitcoin to use at the gambling site. A peer-to-peer market or another source of cryptocurrency allows you to purchase Bitcoin. Online trading platforms known as cryptocurrency exchanges let you purchase and sell Bitcoin and other cryptocurrencies for real money (such as USD, EUR, or GBP). The well-known platforms Coinbase, Binance, and Kraken are just a few.
Choose A Bitcoin Poker Site
Choosing the top bitcoin poker sites that can be accessed via mobile apps and the top network sites will allow you to have an exciting and user-friendly live poker experience after obtaining a bitcoin wallet and purchasing bitcoins. There are multiple real money online poker bitcoin websites to choose from. When it comes to game selection, bonuses, and reputation, you should do your research and pick a website that matches your tastes.
Create An Account
Create an account on the website of your choice, then send money using your Bitcoin wallet. For Bitcoin deposits, adhere to the website’s directions. For account creation, you will need to add some personal as well as financial information about yourself.
Play Poker
You can start playing poker on the website as soon as your payment has been approved. There are plenty of games available at live bitcoin poker sites, including Texas Hold’em, Omaha, Stud, and others. The majority of websites also provide various game formats, including sit and goes and multi-table tournaments. Play the game of your choice now!
Withdraw Your Winnings
You can withdraw your Bitcoin revenue from the poker website and put them back in your wallet. You must enter your Bitcoin wallet address on the website in order to receive money in Bitcoin. Depending on the terms of the site and the quantity of Bitcoin you are withdrawing, the withdrawal procedure typically takes a few hours to finish.
What Is Bitcoin?
It is a form of cryptocurrency that you can sell and trade between individuals all over the world. An unknown person under the alias of Satoshi Nakamoto created it in 2009. When it was first introduced to the market, many vendors steered clear of this new and untested digital currency.
Since then, the currency has gained momentum in many industries and sectors, and is now one of the most in-demand cryptocurrencies in the world. Many sectors, including online gambling sites, have accepted Bitcoin as a valuable and reliable banking option.
How does it Work?
While the concept of Bitcoin may seem complex to the uninitiated; it is basically a form of digital currency that is created using mathematical computations and generated by millions of users around the world.
Bitcoins are stored in digital ‘wallets’ on an individual’s computer; or in the cloud. You can use it to purchase goods and services over the internet; and because there is no involvement of any bank. It is completely anonymous, fast and reliable, with no additional fees involved.
It has become a very popular option within the gambling industry; and eliminates many of the disadvantages of using traditional methods, including transactional fees and extensive waiting periods for withdrawals.
How Bitcoin Poker Works?
You can acquire Bitcoins in numerous ways; with the most common being buying them from certain websites; receiving them as a form of payment, or receiving them through a process called ‘mining.’ Anybody can become a Bitcoin miner by simply installing the application on their computer.
Once a Bitcoin is mined; an electronic signature is added; which means the currency permanently exists in the network for distribution and trading.
Bitcoin Poker Deposits and Withdrawals
To deposit and withdraw at poker sites via Bitcoin; you will need a Bitcoin wallet, which is similar to eWallets like PayPal. The difference between using a Bitcoin wallet and an eWallet is that the latter is connected to a bank account.
Also, Bitcoin wallets are usually more secure; as there has never been an incident of frozen accounts or unexpected chargebacks as is common with traditional banks. This wallet needs to exist on your hard drive with its address, although you won’t have to provide any other personal or financial information, guaranteeing anonymity.
Once you have gone through the process of creating a wallet and purchasing your Bitcoins, you must find a suitable Bitcoin poker site for your needs. You will then need to visit the cashier/banking page of the website after registration and choose Bitcoin as a payment option.
Playing Real Money Online Poker Bitcoin
Now, after depositing online poker Bitcoins in your account and choosing the best bitcoin poker site, you can play your favorite live poker games which can fill your life with great excitement and enthusiasm.
Playing Bitcoin poker is identical to playing traditional online poker. There will be a selection of games available to you, including cash games and tournaments. You will only use Bitcoin to place bets and cash out winnings, which is the only distinction.
Choosing any bitcoin poker app you will be able to enjoy multiple benefits of poker including freerolls, usage of chips with the comfort of your own couch, a variety of poker games that support digital currency or chips, and much more. Android casinos or android pokers can make your Bitcoin usage more convenient.
It’s essential to remember that the value of Bitcoin can change quickly when playing Bitcoin poker. This implies that your bankroll’s worth is subject to quick fluctuations. It’s a good idea to keep your Bitcoin bankroll distinct from your other finances in order to reduce risk.
By following responsible gambling practices and checking the reputation of real money online poker bitcoin sites you can win a great sum of money effectively.
Benefits of Playing Bitcoin Poker
While Bitcoin continues to grow in popularity and value, more and more online poker sites are accepting this currency as a legitimate deposit and withdrawal method. That being said, there are many advantages to using Bitcoin at your favorite online poker site.
1. Instant Transactions
Transactions take place instantly, so no more waiting around for your funds to become available. As Bitcoin uses a peer-to-peer system to exchange with other people, you can send funds directly to any recipient without needing the assistance of a bank.
2. No personal information to Disclose
Because the currency is decentralized, you do not have to provide any personal information except for your email address and Bitcoin address, making it an excellent option for those wary about sharing your sensitive data online.
3. Cheap Operational Cost
Bitcoin’s operational costs are cheaper, which means that many poker rooms have a lower rake charge, allowing players to keep a greater portion of all wins when playing Bitcoin poker. This means that using Bitcoin is not only the safe, more secure option, but it also allows you to save and win more money, making Bitcoin poker one of the most lucrative games available on the Internet.
Synopsis
Poker has always been a popular option for serious bettors and novice gamers alike, and thanks to the introduction of Bitcoin, these games are becoming more accessible than ever before. Bitcoin poker offers safe and affordable gaming in a secure environment.
The anonymity aspect allows players to gamble in comfort and complete privacy, while the fact that there is no third-party involvement from any banks means no waiting times and no transaction fees.
Bitcoin poker is quickly becoming a leading option for gamblers all over the world, with many poker sites developing their services to meet this demand.
FAQs
Which bitcoin wallet can be used for online poker?
There are a lot of best and most accessible wallets for bitcoin trading options which can be accessed at poker bitcoin sites. Some of them are Coinbase, Blockchain and many more.
How do I make a Bitcoin deposit to an online poker site in New Zealand?
There are some basic steps that you need to follow in order to deposit bitcoins in your account. You will require to have a bitcoin wallet which is the most important point of concern.
How to use bitcoin to play online poker?
By choosing a bitcoin-friendly poker website you can simply deposit your account to your gaming wallet and choose bitcoin as your payment method and then can easily use bitcoin to play online poker games.
Can I withdraw my winnings in Bitcoin in Poker?
Yes, players can withdraw their earnings in Bitcoin or another supported digital currency at the majority of Bitcoin poker sites in New Zealand.
Are Bitcoin poker casinos legal in NZ?
Yes, Bitcoin poker sites are legal in NZ as long as they are licensed and regulated under the Gambling act 2003 which ensures that the casino follows fair gameplay.
Do Bitcoin poker casinos offer bonuses and promotions?
Yes, a lot of Bitcoin poker sites in New Zealand reward both new and seasoned players with bonuses and promos. Freerolls, deposit perks, and loyalty bonuses are a few examples of these.
